On the 23rd (local time), Cointelegraph reported that Moonpay has launched the Solana liquidity staking program.
The service is reportedly designed to provide SOL holders with an annual return rate of 8.49% and ensure both liquidity and profitability.
According to MoonPay, users can participate in staking with at least $1 worth of SOL.
In return, you will receive a liquid staking token called mpSOL. Rewards are distributed every two days, unstaking is possible at any time, and there is no lock-up period.
This feature will be available from July 23rd in all regions except New York State and the European Economic Area (EEA). The mpSOL product is a hotly contested product in the Solana-based liquid staking market.
This is a teaser for the upcoming battle, with platforms like Marinade and Jito already ahead of the market, offering similar rates of return and liquidity.
Ivan Soto, co-founder and CEO of Moonpay
Wright said in a press release, "We are breaking down the barriers to cryptocurrency protection," and "Traditional savings accounts are
"We created a product that is simple and easy to use, yet incorporates the profit potential of blockchain," he emphasized. MoonPay's staking service is a step forward from the recent Solana staking initiative.
This coincides with the rapid increase in demand. Since its establishment in 2019, MoonPay has been operating as a fiat-cryptocurrency payment gateway, and is now also expanding into NFTs, stable coins, and on-chain revenue generating products.
Meanwhile, as of April 2025, Solana temporarily overtook Ethereum in total staking deposits (TVL) to record $53.9 billion.
Currently, Solana staking has an annualized return of about 8.3%, which is much higher than Ethereum’s 3.2%.
2025/07/24 15:09 KST
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