Hey mates!!
Today I would like to introduce you a really interesting project:
Marinade Finance: the easiest way to stake Solana
How is Marinade finance working?
It's not so much complicated while you have some SOL to stake. First of all, you have to stake your SOL tokens into the project. Once you have done, the project give you some MSOLs for your SOLs. At the first moment you have MSOL in your wallet, the MSOL token is accumulating a composed interest. At the moment of writing this article is about 6.67% APY. It's a good profit, but the best of all it's you have MSOL's in your wallet...
What can you do with the MSOLs in your wallet?
This is the funny part. While you have staked your SOL in marinade finance and you are getting a good profit, you can use your MSOLs to trade using them to get more profits! Awesome!
You can go to another platforms and lend them on ORCA finance, Atrix finance, Solend finance, Saber and many more! Follow the links in the marinade defi page.
or you can stake your MSOL in Marinade to provide liquidity to the platform getting another 1.5% APY of interest. So it's cool!
How to get the profits?
Once you want to get your benefits, you have to undo the way that you have done. I mean, visit the marinade pages where you have stake the MSOL to unstake them and receive your original SOLs. Look up for the unstake tab!
Solana wallets!
To work into the Solana Blockchain you need a Solana Wallet: solflare or phantom. This article can help you to setup one of
Conclusions
Marinade is a good place to get a good APY for your SOLs, and gives you the opportunity to get more profits using the MSOLs.
Remember, DYOR 'do your own research' before invest. I hope this post was helpful for you!
Regards
Related links
- orca https://www.orca.so
- marinade finance https://marinade.finance/app/staking
- saber finance https://app.saber.so/#/pools/msol_sol/deposit
- solend https://solend.fi/dashboard
- solflare wallet https://solflare.com/
- phantom wallet https://chrome.google.com/webstore/detail/phantom/bfnaelmomeimhlpmgjnjophhpkkoljpa
Advantages programs:
- To start with Noise cash! https://noise.cash/u/Estrenoscinehoy
- I love pipeflare, easy and without any ads. Try Pipeflare here https://pipeflare.io/r/5uxs
- I love Globalhive, easy and without any ads. Try Globalhive here https://globalhive.io/r/93797
- Try presearch here https://presearch.org/signup?rid=2050229
Personal projects:
- visit https://estrenoscinehoy.com/en to be updated over the last premiers on the main networks or channels.
