Marinade Staked SOL (mSOL) is a liquid staking token obtained by staking SOL on the Marinade Finance protocol. It represents the staked SOL within the stake pool and can be converted back to staked SOL along with accrued rewards. mSOL acts as a tradable asset in the decentralized finance (DeFi) ecosystem, with its value changing relative to SOL. The price of mSOL is adjusted every Solana epoch, reflecting the staking rewards accumulated by the Marinade Stake Pool.

Overview of mSOL

mSOL is a liquid staking token that is acquired by staking SOL through the Marinade protocol. It serves as a record of staked SOL within Marinade's stake pool and can be converted back to staked SOL and rewards later. Additionally, mSOL can be used in DeFi, with its value adjusting relative to SOL. The token undergoes value recalibration after each Solana epoch, based on the staking rewards collected by the Marinade Stake Pool. The protocol ensures that new mSOL cannot be created without an equivalent amount of SOL being staked, resulting in an increase in the total staked amount and a subsequent rise in mSOL's value relative to SOL.