MoonPay Launches SOL Staking with 8.49% APY in Over 100 Countries

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MoonPay’s staking feature offers users 8.49% APY and 48-hour reward cycles in over 100 countries, expanding global access to Solana yields.

The launch of mpSOL adds to a growing list of tokenized staking assets, joining established Solana liquid staking protocols like Marinade and Jito.

The REX-Osprey Solana ETF’s $33M debut volume reflects a strong uptick in institutional interest in SOL staking-based investment strategies.

MoonPay has launched Solana staking within its mobile application, offering users up to 8.49% annual percentage yield. The staking feature is now available in more than 100 countries, including the United States (excluding New York), the United Kingdom, and Canada. Rewards are distributed every two days, allowing users to access frequent staking returns without locking up their assets for long periods.

The new feature comes as MoonPay introduces its staking token, mpSOL, which enables users to maintain liquidity while participating in Solana staking. This mirrors a trend in liquid staking products, where tokenized representations of staked assets allow easier movement and trading. Platforms like Marinade and Jito already offer similar functionality through mSOL and JitoSOL.

Industry participation in Solana staking expands

The staking space around Solana continues to grow, with MoonPay now joining a broader set of platforms expanding access to SOL staking. Robinhood recently added Solana staking to its trading platform. Additionally, BitGo integrated support for Marinade Native staking, enabling institutional clients to stake SOL directly from their custody wallets.

Interest in Solana staking has also gained traction in traditional financial markets. The REX-Osprey Solana + Staking ETF made its debut on the Cboe exchange, closing its first day of trading with $33 million in volume and $12 million in inflows. This ETF provides exposure to Solana alongside staking yields, underlining growing investor demand for blockchain-based passive income opportunities.

MoonPay aligns staking with savings-style accessibility

According to a company statement, MoonPay developed the staking experience to resemble the simplicity of a savings account. The design aims to help users access blockchain yields without complex interfaces. The platform’s decision to support reward distribution every 48 hours reflects a strategy focused on user-friendly access to crypto earnings.

The post MoonPay Launches SOL Staking with 8.49% APY in Over 100 Countries appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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