Marinade Staked SOL

Halal Rating :
Uncomfortable
Last Price $204.23 Last updated:
Rank 213
1D Change 2.40 %
Market Cap $1.04b
Circulating supply 5,083,975
Maximum supply 488,630,611

Crypto Overview

Categories
  • Solana Ecosystem
  • Liquid Staking Derivatives
  • FTX Bankruptcy Estate

Marinade.finance is the first Liquid staking protocol built on Solana, and is supported by the Solana Foundation. The users stake their SOL tokens with Marinade-, which is using automatic staking strategies to delegate the SOL to validators, -and the user receive "staked SOL" tokens called mSOL that they can use in the world of DeFi or to swap any time back to original SOL tokens to unstake.

Crypto Impact

To assign a comfort level investing in Marinade Staked SOL from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Marinade Staked SOL.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating