MoonPay Unveils mpSOL Liquid Staking with 8.49% Yield for Solana Holders
mpSOL rewards accrue every 48 hours, and unstaking is available anytime. However, it excludes users in the European Economic Area and New York state.
The company hopes its broad consumer reach and simple interface will help it capture market share amidst growing interest in Solana staking.
MoonPay is entering the liquid staking arena with a new Solana product offering 8.49 % annual yield and no lockups, as institutional and retail interest in Solana staking accelerates.
The product, launched July 23, allows users to stake as little as one dollar in SOL and receive a liquid staking token called mpSOL. The rewards accrue roughly every 48 hours, with unstaking available at any time.
But keep in mind the feature is geo-restricted, excluding the European Economic Area and New York state.
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A Heated Market
MoonPay, known for its crypto-fiat onramp, believes mpSOL is “a user-friendly entry point” for crypto-native yield, with CEO Ivan Soto-Wright stating the company aimed to “mirror the ease and familiarity of a traditional savings account” while harnessing blockchain-based returns.
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.
MoonPay is entering a saturated market already dominated by Solana-native liquid staking platforms like Marinade and Jito, both offering similar yields and high liquidity. But MoonPay is betting on its broader consumer reach and simpler interface to carve out market share.
The launch comes amid a surge in Solana staking activity. In April 2025, Solana briefly overtook Ethereum in total value staked, reaching US$53.9B (AU$81.6B) compared to US$53.7B (AU$81.3B). But that dominance didn’t last for long, as Ethereum quickly regained the number one spot with a staking market cap with over US$129.9 (AU$196B), while Solana sits at US$76B (AU$115B).
Source: Stakingrewards.com
Still, Solana’s yield is around 7.49 %, while Ethereum’s has hovered near 3.05%.
Related: Cardano: A Sleeping Giant?
The post MoonPay Unveils mpSOL Liquid Staking with 8.49% Yield for Solana Holders appeared first on Crypto News Australia.
Filed under: Bitcoin - @ July 24, 2025 4:27 am