MoonPay has introduced a liquid staking service for the Solana blockchain, allowing users to earn an 8.49% annual yield on their SOL tokens without locking up assets. The feature, launched in most regions excluding New York and the European Economic Area, requires a minimum investment of $1 in SOL. Users receive mpSOL tokens, which accrue rewards approximately every two days and can be converted back to unstaked SOL at any time [1]. This product expands MoonPay’s role from a fiat-to-crypto onramp to a provider of yield-generating services, aligning with broader industry demand for flexible staking options.
The service competes with existing Solana-native platforms like Marinade and Jito, both of which offer similar liquidity and yield structures. MoonPay’s approach emphasizes simplicity, aiming to reduce the technical barriers that have historically limited participation in staking. The company recently secured a BitLicense…
