MoonPay has launched a liquid staking program for Solana, allowing users to earn an annual yield of 8.49%. Users can stake as little as 1 USD worth of SOL to receive mpSOL tokens, with rewards paid out approximately every two days.
With this launch, MoonPay enters a competitive market alongside Solana-native staking platforms like Marinade and Jito. These platforms also offer similar yields and flexible liquidity options, making the staking market increasingly competitive.
Interest in Solana continues to grow, as indicated by significant purchases from firms like DeFi Development Corp, which recently acquired 141,383 SOL, and Upexi, which added 83,000 SOL to their treasury. Staking in Solana recently surged, momentarily surpassing Ethereum in total value staked.
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