MoonPay has launched a liquid staking program for Solana, allowing users to earn an 8.49% annual yield on their SOL tokens. Users can stake as little as $1 and receive a liquid staking token called mpSOL. Rewards are issued approximately every two days, and users can unstake without any lockup period. This service, available from July 23, excludes users in New York and the European Economic Area. The introduction of mpSOL comes as staking on Solana has surged, with total value staked surpassing $53.9 billion, slightly ahead of Ethereum's $53.7 billion. Solana offers an annualized return of 8.3%, compared to Ethereum's 3.2%. The demand for Solana staking is further evidenced by significant purchases from companies like DeFi Development Corp and Upexi, highlighting strong investor interest in onchain yield opportunities. MoonPay aims to simplify the staking process, making it akin to a traditional savings account while integrating blockchain technology.

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