Marinade staked SOL (mSOL) to Chinese Yuan

mSOL is the elder statesman of Solana liquid staking. Marinade launched it in the summer of 2021, years before the current LST field existed, and its pitch has stayed the same through every cycle since: deposit SOL, receive mSOL that appreciates against SOL as staking rewards accrue, and keep the position liquid while the underlying stake spreads across a long tail of validators — decentralization-by-design that remains Marinade's signature. As of the October 6, 2026 snapshot, the pool behind mint mSoLzYCxHdYgdzU16g5QSh3i5K3z3KZK7ytfqcJm7So represents roughly $273.8 million across 149,280 holders.

The checklist translation for liquid staking tokens, since the standard one misfires here: mSOL's supply grows and shrinks with deposits and withdrawals — the stake pool mints and burns it, and that is the mechanism, not a red flag. The check that protects holders is the freeze authority, which reads revoked in this snapshot: nothing can lock your mSOL. The creator-associated share reads effectively zero, as it must for a token whose supply mirrors user deposits.