MoonPay Launches mpSOL Liquid Staking: Earn 8.49% Yield on Solana!
MoonPay Launches Liquid Staking Product on Solana with Competitive Yield
Introduction to MoonPay’s New Offering
MoonPay has made its entry into the liquid staking sector by introducing a new product on the Solana blockchain, named mpSOL. This innovative offering provides users with an attractive annual yield of 8.49% without any lock-up requirements, allowing individuals to stake as little as $1 in SOL.
Key Features of mpSOL
The mpSOL product, which was launched on July 23, enables users to earn rewards that accumulate approximately every 48 hours. Additionally, users have the flexibility to unstake their assets at any time. However, it is important to note that this feature is not available to residents of the European Economic Area or New York state.
Market Context and Competitive Landscape
As interest in Solana staking continues to grow, MoonPay aims to position mpSOL as a straightforward entry point for both retail and institutional investors. CEO Ivan Soto-Wright emphasized that the goal is to replicate the simplicity and familiarity of traditional savings accounts while leveraging the benefits of blockchain technology.
“With staking, we’re removing the barriers that have kept everyday users from benefiting from crypto rewards. We’ve built a product that mirrors the ease and familiarity of a traditional savings account, but with the earning potential of blockchain networks behind it,” said Soto-Wright.
Challenges in a Crowded Market
Despite entering a competitive landscape already populated by established Solana-native liquid staking platforms like Marinade and Jito, which offer similar yields and liquidity, MoonPay is banking on its extensive consumer base and user-friendly interface to gain traction.
The Current State of Solana Staking
The launch of mpSOL comes at a time when Solana staking activity is on the rise. In April 2025, Solana briefly surpassed ethereum in total value staked, reaching $53.9 billion compared to ethereum‘s $53.7 billion. However, ethereum quickly reclaimed its position, boasting a staking market cap exceeding $129.9 billion, while Solana’s market cap stands at $76 billion.
Yield Comparisons
Currently, Solana offers a yield of around 7.49%, while ethereum‘s yield has remained near 3.05%. This competitive landscape highlights the growing appeal of staking within the cryptocurrency ecosystem.
Conclusion
MoonPay’s foray into liquid staking with mpSOL represents a significant step in making crypto rewards more accessible to everyday users. As the market evolves, it will be interesting to see how this new product performs against established competitors and how it influences the broader staking landscape.
