MoonPay's $mpSOL token launch enhances liquidity staking options on Solana, reflecting the growing interest in staking solutions among crypto users.
MoonPay has launched the $mpSOL liquidity staking token on the Solana blockchain, allowing users to stake a minimum of $1 for an annual yield of 8.49%. This program, which started on July 23, offers rewards every two days and is part of a broader trend of increasing staking interest on Solana, which has surpassed Ethereum in total value staked, now exceeding $53.9 billion.