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MoonPay introduces liquid staking for Solana arsenic the web sees grounds staking activity, ETF inflows and large treasury buys from firms similar DeFi Dev and Upexi.
MoonPay, a fintech institution specializing successful crypto payments and Web3 infrastructure, has announced a caller liquid staking programme for Solana holders. The merchandise volition leverage liquid staking to gain users 8.49% yearly output connected their SOL tokens.
According to the company, users tin involvement arsenic small arsenic $1 successful Solana (SOL) and person a liquid staking token called mpSOL. Rewards are distributed astir each 2 days, and users tin unstake astatine immoderate clip without a lockup period.
The feature is disposable starting July 23 everyplace but successful the US authorities of New York and the European Economic Area (EEA).
MoonPay's mpSOL offering enters a competitory scenery dominated by Solana-native liquid staking platforms, particularly Marinade and Jito, each offering their liquid tokens with akin yields and flexible liquidity options.
Ivan Soto-Wright, CEO and co-founder of Moonpay, said successful a property merchandise that the institution is “removing the barriers” from crypto rewards. “We’ve built a merchandise that mirrors the easiness and familiarity of a accepted savings account, but with the earning imaginable of blockchain networks down it.”
Source: MoonPay MoonPay’s caller diagnostic follows Solana staking surge
Founded successful 2019, MoonPay launched arsenic a straightforward fiat-to-crypto gateway level that provided infrastructure for buying, selling and swapping crypto utilizing fiat services. Since then, the institution has dabbled successful galore Web3 services and products, including NFTs, stablecoins, and present onchain yield.
Its latest diagnostic arrives astatine a infinitesimal erstwhile involvement successful staking, peculiarly connected Solana, is gaining momentum.
In April 2025, Solana concisely surpassed Ethereum successful full worth staked, reaching implicit $53.9 cardinal compared to Ethereum’s $53.7 billion, according to Solana Compass and BeaconScan. Solana staking offers an annualized instrumentality of astir 8.3%, portion Ethereum’s output is astir 3.2%.
Related: Solana firms marque moves connected staking, treasury and compliance
On Monday, Nasdaq-listed DeFi Development Corp announced a caller acquisition of 141,383 SOL, bringing its full Solana holdings to 999,999.
Solana staking has besides gained traction successful the ETF space. The archetypal Solana staking ETF launched connected July 2. The money surpassed $100 cardinal successful measurement successful its archetypal 12 trading sessions, signaling beardown capitalist demand, peculiarly from registered concern advisors (RIAs), according to CEO Greg King successful comments to Cointelegraph.
On Wednesday, Upexi purchased 83,000 SOL tokens for $16.7 million, bringing the Solana treasury company’s full holdings to 1.9 cardinal SOL. Robinhood besides announced its introducing ETH and SOL staking for US customers.
Magazine: X Hall of Flame: Solana ‘will beryllium a trillion-dollar asset’ — Mert Mumtaz
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