MoonPay introduces liquid staking for Solana as the network sees record staking activity, ETF inflows and major treasury buys from firms like DeFi Dev and Upexi.
MoonPay, a fintech company specializing in crypto payments and Web3 infrastructure, has announced a new liquid staking program for Solana holders. The product will leverage liquid staking to earn users 8.49% annual yield on their SOL tokens.
According to the company, users can stake as little as $1 in Solana (SOL) and receive a liquid staking token called mpSOL. Rewards are distributed approximately every two days, and users can unstake at any time without a lockup period.
The feature is available starting July 23 everywhere except in the US state of New York and the European Economic Area (EEA).
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