What is Marinade.Finance?

Happy New Year from Marinade!

I hope you all enjoyed your winter break and came back fully rested and ready to attack what is a promising 2022. Even with a bit less activity during the holidays, a lot of things have happened or crystallized in the last two weeks. It’s time to recap!

The end of 2021 was filled with updates and integrations and everything indicates that January won’t be any different! And to help tell the story our communications team is growing. I am excited to join Marinade as a full-time communications manager, and Marinade is also onboarding a new Head of Storytelling position this month.

Let’s continue cooking together in the Marinade kitchen for the year to come!

Marinade.Finance is the first non-custodial liquid staking protocol built on Solana. You can stake your SOL tokens with Marinade and receive “marinated SOL” tokens (mSOL) that you can use in decentralized finance (DeFi).

The price of mSOL goes up relative to SOL each epoch, with rewards being accrued into the underlying staked SOL. Marinade stakes in 400+ validators that are selected automatically by an open-source fair formula based on performance, commission, and decentralization.

Marinade includes mSOL->SOL swap, so you can “Unstake Now!” and receive your SOL immediately with a small fee. You can also directly exchange between mSOL and SOL on secondary markets at the current rate. Finally, you can unstake your SOL with zero fee by waiting 4–6 days for the Solana cool-down period (delayed unstake).