MoonPay is rolling out a new liquid staking program for Solana holders, offering users an 8.49% annual yield on their SOL tokens with no lockup period.
The new feature is available starting today in most regions except New York and the European Economic Area, and allows users to stake as little as $1 worth of SOL. In return, they receive a token called mpSOL, which accrues rewards roughly every two days and can be swapped back for unstaked SOL at any time.
MoonPay’s product enters a growing market already served by Solana-native players like Marinade and Jito, both of which offer similar liquidity and yields. The company says the new feature is aimed at simplifying access to on-chain rewards.
“We’ve built something that looks and feels like a traditional savings account, but with blockchain earnings behind it,” said MoonPay CEO Ivan Soto-Wright in a statement.
Founded in 2019, MoonPay started as a fiat-to-crypto gateway and has gradually expanded into broader Web3 services, including NFTs, stablecoins, and now staking.
Earlier in June, MoonPay received a BitLicense from New York state regulators, granting the company direct access to offer digital asset services across all 50 U.S. states without relying on third-party intermediaries.
The license, issued by the New York State Department of Financial Services (NYDFS), places MoonPay among a select group of 34 firms approved since the framework’s introduction in 2015. Other holders include Coinbase, Circle, Robinhood, and Ripple.
The launch comes at a time when Solana staking is gaining attention across both crypto-native and traditional investment circles. In April, Solana briefly overtook Ethereum in total value staked — $53.9 billion versus Ethereum’s $53.7 billion — driven in part by higher yield offerings. Solana’s staking rewards currently average around 8.3%, compared to Ethereum’s 3.2%.
Institutional interest also picked up. Earlier this month, the first Solana staking ETF debuted and passed $100 million in volume within its first two weeks. Meanwhile, DeFi Development Corp and Upexi both disclosed large Solana purchases this week, bringing their combined holdings to nearly 3 million tokens. Robinhood has also entered the space, announcing plans to support ETH and SOL staking for U.S. customers.
MoonPay’s move adds another option to what’s quickly becoming a crowded field — but with a user-friendly interface and wide regional availability, the company is betting it can attract everyday users looking to earn yield without jumping through technical hoops.
