Saber partners with Marinade Finance to make staking liquid through mSOL pool
Saber is delighted to announce a partnership with Marinade Finance to create a mSOL/SOL pool, making staking on Solana liquid and accessible to all.
Marinade Finance is the first liquid staking protocol built on Solana allowing users to frictionlessly stake, trade, accrue rewards, and collateralize their staked SOL by tokenizing it in the form of mSOL.
How to earn SBR by providing mSOL/SOL liquidity:
- Stake your SOL on Marinade Finance to get mSOL, receiving staking rewards;
- Provide liquidity for mSOL/SOL on Saber, receiving Liquidity Provider rewards;
- Stake your LP tokens on Saber, receiving SBR liquidity mining rewards.
Staking is super important
Staking is the lifeblood of Proof-of-Stake blockchains like Solana. Democratizing access to staking is vital to ensuring the proper security, consensus, and decentralization of Solana itself.
Saber ensures liquid staking derivatives like mSOL are actually liquid
A liquid market for staking derivatives like mSOL is fundamental to their strength. Without a liquid market, liquid staking derivatives can experience high slippage and even risk depegging from the underlying asset. Saber’s stableswap AMM design ensures low slippage, deep liquidity, and a rich trading experience.
About Saber Labs
Saber Labs contributes to Saber, the leading cross-chain stablecoin exchange on Solana. Saber provides the liquidity foundation for stablecoins, which is a type of cryptocurrency whose value is pegged to another asset, like the US dollar or bitcoin. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
About Marinade Finance
Marinade.finance aims to make liquid staking available to all the users and projects in Solana ecosystem, so that people can both stake and trade, deposit as collateral or do anything else with the tokens.
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