Introduction
Lending Marinade Staked SOL can be a great option for those who want to hold MSOL but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Marinade Staked SOL (MSOL) tokens
In order to lend Marinade Staked SOL, you need to have it. To obtain Marinade Staked SOL, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Marinade Staked SOL lender
Once you have MSOL, you’ll need to choose a Marinade Staked SOL lending platform to lend your tokens. You can see some options here.
- 3
Lend your Marinade Staked SOL
Once you’ve chosen a platform to lending your Marinade Staked SOL, transfer your Marinade Staked SOL into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
- 4
Earn interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest movements
Marinade Staked SOL (MSOL) is currently priced at $173.33, with a 24-hour trading volume of $8.39M. In the last 24 hours, Marinade Staked SOL has experienced a decrease to -0.07. The market cap of Marinade Staked SOL stands at $827.57M, with 5.20M in circulation. For those looking to buy or trade Marinade Staked SOL, reputable platforms like Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $827.57M
- Volume
- $8.39M
- Circulating supply
- $5.20M
