Marinade

Marinade

Overview

Marinade is a liquid staking protocol on Solana that allows users to stake SOL and receive mSOL tokens. This integration enables users to participate in the Solana network's consensus while maintaining liquidity through the mSOL token.

What is Liquid Staking?

Liquid staking refers to a process where you:

• Stake your cryptocurrency tokens to help secure the network

• Receive liquid tokens (mSOL) in return that represent your staked position

• Can use these liquid tokens in other DeFi applications while your original tokens remain staked

• Continue earning staking rewards on your original position

• Benefit from professional validator management

How Marinade Works

1. Staking SOL

• User deposits SOL into the Marinade liquidity pool

• The protocol stakes this SOL with Marinade validators on Solana

• User receives mSOL tokens representing their stake

• Option to stake all available SOL or a specific amount

• No minimum staking period or lockup

2. Earning Rewards

• Staked SOL earns network rewards from validating transactions

• Rewards increase the value of mSOL relative to SOL over time

• APY is visible and updated regularly via the getApy function

• No manual claiming required - rewards automatically accrue

3. Unstaking Process

• User can unstake at any time by returning mSOL

• The protocol handles the unstaking process on Solana

• User receives their original SOL plus any accrued rewards

• Option to unstake all staked SOL or a specific amount

Using the Tool

To interact with Marinade, use the following command formats:

For Staking:

Stake SOL to earn mSOL rewards with:
 - Chain name: solana
 - Amount: [AMOUNT] (use -1 to stake all available SOL)

For Unstaking:

Unstake SOL from Marinade liquidity pool with:
 - Chain name: solana
 - Amount: [AMOUNT] (use -1 to unstake all staked SOL)

For Checking Stake Amount:

Get staked amount in Marinade liquidity pool with:
 - Chain name: solana

For Getting APY:

View current APY for Marinade staking with:
 - Chain name: solana

For Getting TVL:

View current TVL in Marinade staking pool with:
 - Chain name: solana

Example:

Stake SOL to earn mSOL rewards with:
 - Chain name: solana
 - Amount: 10

Token Types

1. SOL (Native Token)

• Solana's native token used for staking

• Provides network security and consensus

• Required for transaction fees on Solana

2. mSOL (Liquid Staking Token)

• Received when staking SOL with Marinade

• Represents your staked position and accrued rewards

• Can be used in other DeFi applications

• Value increases over time relative to SOL

Important Considerations

1. Staking Period

• No minimum staking period required

• Unstaking is processed on-demand

• The value of mSOL increases over time relative to SOL

2. Reward Distribution

• Rewards are automatically reflected in the mSOL/SOL exchange rate

• No manual claiming required

• The longer you hold mSOL, the more SOL you'll receive when unstaking

3. Validator Selection

• Marinade protocol manages validator selection and delegation

• Validators are chosen based on performance and reliability

• Risk is spread across multiple validators for security

4. Liquidity Considerations

• mSOL can be traded or used in other DeFi applications

• Liquidity pools may have varying depths

• Exchange rate between mSOL and SOL reflects accrued rewards

Available Functions

• stake: Stake SOL to earn mSOL rewards from Marinade liquidity pool

• unstake: Unstake SOL from Marinade liquidity pool

• getStakeAmount: Receive user staked amount in Marinade liquidity pool

• getApy: View current APY for Marinade staking

• getTvl: View current TVL in Marinade staking pool

Parameters for Functions

stake

Parameter	Type	Description
chainName	string	Must be "solana"
amount	string	Amount of SOL to stake. Set to "-1" to stake all user SOL

unstake

Parameter	Type	Description
chainName	string	Must be "solana"
amount	string	Amount of SOL to unstake. Set to "-1" to unstake all staked SOL

getStakeAmount, getApy, getTvl

Parameter	Type	Description
chainName	string	Must be "solana"

Example Prompts:

• "HeyAnon, please stake 50% of my Solana with Marinade"

• "HeyAnon, please unstake all of my mSOL"