Solana News Today: MoonPay launches Solana liquid staking with 8.49% APY in 100+ countries

MoonPay, a fintech platform facilitating crypto onboarding, has introduced a liquid staking solution for Solana (SOL) tokens, offering an 8.49% annual percentage yield (APY) to users. The service, launched on July 23, allows Solana holders to stake their assets without locking them up, receiving mpSOL tokens in return. These tokens represent staked SOL and can be traded or held, with rewards accruing every 48 hours. The feature is available in over 100 countries, excluding the European Economic Area and New York, and requires no minimum investment—users can begin staking with as little as $1 [1].

The platform’s approach simplifies the staking process, which traditionally involves technical complexities or long lockup periods. By issuing mpSOL, MoonPay enables users to maintain liquidity while generating passive income, akin to a traditional savings account with blockchain-enhanced flexibility. CEO Ivan Soto-Wright emphasized that the product bridges conventional finance and decentralized systems, aiming to make staking accessible to less-technical users through an intuitive interface. The service directly competes with native Solana staking platforms like Marinade and Jito but differentiates itself by lowering entry barriers and prioritizing ease of use [3].

The 8.49% APY offered by MoonPay significantly outpaces Ethereum-based staking options, which currently provide around 3.2% APY [5]. This competitive edge aligns with growing demand for high-yield crypto solutions, particularly among retail investors. The feature also supports Solana’s ecosystem expansion, where high transaction speeds and scalability have attracted developers and users. By enabling tradeable mpSOL tokens, MoonPay addresses a key limitation of traditional staking models, which often restrict asset mobility. This innovation allows participants to engage in decentralized finance (DeFi) activities—such as trading or lending—without forfeiting staking rewards [1].

MoonPay’s staking service reflects broader trends in crypto infrastructure, where user-friendly design and liquidity retention are critical differentiators. The company’s recent acquisition of a New York BitLicense further underscores its focus on regulatory compliance, enhancing trust among regulators and users. Institutional interest in Solana staking has also surged, with a recent staking ETF surpassing $100 million in volume and increased on-chain activity from entities like DeFi Development Corp [5]. These developments highlight Solana’s emergence as a high-yield alternative to Ethereum, particularly in a market prioritizing simplicity and competitive returns.

The launch positions MoonPay as a key player in the maturing Solana ecosystem, where hybrid financial models are gaining traction. As crypto staking demand grows among both institutional and retail investors, platforms that prioritize accessibility and seamless user experiences are likely to dominate. By integrating liquid staking, MoonPay reinforces Solana’s role as a hub for decentralized finance innovation, where liquidity and yield coexist to meet evolving investor needs [4].

Sources:

[1] [MoonPay Launches Solana Staking as Liquid Yield Gains](https://cointelegraph.com/news/moonpay-solana-staking-onchain-yield)

[2] [MoonPay Adds Solana Liquid Staking as Crypto Yield Demand Grows](https://blockonomi.com/moonpay-adds-solana-liquid-staking-as-crypto-yield-demand-grows/)

[3] [MoonPay Launches 8.49% Solana Staking Product](https://www.ainvest.com/news/solana-news-today-moonpay-launches-8-49-solana-staking-product-challenges-marinade-jito-2507/)

[4] [MoonPay Rolls Out Liquid Solana Staking With 8.49% Yield](https://coincentral.com/moonpay-rolls-out-liquid-solana-staking-with-8-49-yield/)

[5] [MoonPay Launches 8.49% Solana Staking Product](https://www.ainvest.com/news/solana-news-today-moonpay-launches-8-49-solana-staking-product-challenges-marinade-jito-2507/)