DeFi protocol (you keep your wallet, funds sit in a smart contract)
MarinadeB4/5· Medium risk
Facts last reviewed 24 Sept 2026
Liquid SOL staking (mSOL) since 8/2021, no contract incidents. TVL is now about USD 260 million.
Compare a move (switching cost) →History: published and paid rates, incidents, legal status →
Why this tier
- Meets: Operating since 2021-08 (5 years)
- Meets: Audited by 4 firms: Neodyme, Ackee Blockchain, Kudelski Security, Sec3
- Meets: Bug bounty programme (Immunefi, up to $250k)
- Falls short: TVL $250.8M, below $1B
- Meets: No recorded incident causing user losses in the core product
- Note: Risk of the asset itself: mSOL is a liquid staking token: validator risk, depegs when liquidity is thin, and dependence on the stake auction mechanism (SAM) for yield.
- Note: A third party estimates the stake auction mechanism (SAM) cost stakers ≥37,000 SOL in yield over 126 epochs (forgone yield, not loss of principal); Marinade regards it as a known inefficiency.
Tier history
- 29 Sept 2026B· Medium riskMedium risk
Products
| Coin | You earn | Highest rate | Tier | Product | Term | Conditions |
|---|---|---|---|---|---|---|
| SOL | 5.40% | Highest rate5.40% | B4/5· Medium risk | Marinade · Solana | Staking |
SOLTier: A lowest risk, D active incident. The number after the letter is the criteria met.