Loopscale Labs Adds mSOL Support with Up to 51.5% APY on Borrowing

The integration with Marinade Finance enables mSOL-SOL borrowers to earn high yields, while SOL Vault depositors receive additional MNDE token rewards.

SOL
MSOL

Summary

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Terms & Concepts
  • mSOL: A liquid staking derivative of SOL issued by Marinade Finance, representing staked SOL while remaining tradable and usable in DeFi applications.
  • APY (Annual Percentage Yield): A measure of the yearly return on an investment, factoring in compound interest.
  • MNDE: The native governance token of Marinade Finance, used for voting and incentivizing ecosystem participation.