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MoonPay has officially stepped into the liquid staking space by introducing a new product called mpSOL, designed specifically for Solana (SOL) holders. This move allows everyday crypto users to earn staking rewards with minimal effort and low entry barriers. The product offers an attractive 8.49% annual yield and does not require any lock-up period, making it accessible and flexible for a wide range of users. With staking rewards accumulating every 48 hours and the ability to unstake at any time, MoonPay aims to simplify the staking process for both beginners and experienced investors alike.
mpSOL is MoonPay’s response to the increasing demand for user-friendly crypto yield products. Users can start staking with as little as $1 worth of Solana, and in return, they receive a liquid staking token—mpSOL—which represents their staked assets. These tokens can potentially be used across various DeFi platforms, although specific integrations have not been detailed yet. One of the most appealing features is that rewards are distributed regularly, with no need to lock up tokens for a fixed period, which has often been a limitation in traditional staking models.
However, the offering does come with some geographic restrictions. Users located in the European Economic Area (EEA) and the state of New York are currently excluded from participating in mpSOL staking. This is likely due to regulatory limitations in those regions. Despite this, MoonPay expects strong uptake in other global markets where crypto staking is gaining popularity.
MoonPay’s entry into the liquid staking arena puts it in direct competition with existing Solana-native platforms like Marinade and Jito. These platforms have already built significant user bases and offer similar yield rates along with high liquidity. While these competitors are deeply integrated into the Solana ecosystem, MoonPay believes it can differentiate itself through its intuitive interface and broader consumer appeal.
The company’s CEO and co-founder, Ivan Soto-Wright, emphasized that the goal of mpSOL is to make staking as accessible and familiar as a traditional savings account. He noted that the complexity of crypto has been a major barrier for everyday users seeking to earn yields on their digital assets. By offering a simple, easy-to-understand interface and low entry requirement, MoonPay is aiming to open up staking to a much wider audience.
“We’ve built a product that mirrors the ease and familiarity of a traditional savings account, but with the earning potential of blockchain networks behind it,” said Soto-Wright. He added that this approach helps remove the technical hurdles that have often prevented users from participating in staking.
The timing of MoonPay’s start is also significant. Solana staking activity has seen a notable rise in recent months. In April 2025, Solana briefly overtook Ethereum in total value staked, reaching approximately $53.9 billion. Although Ethereum later regained its position as the top staking network with over $129.9 billion locked, Solana still holds second place with an impressive $76 billion. This surge in interest reflects both institutional and retail appetite for passive income opportunities in the crypto space.
MoonPay is hoping to capture some of this growing momentum by offering a more accessible on-ramp for staking. The firm, best known for its fiat-to-crypto payment services, is now expanding its suite of financial tools, positioning itself as more than just an onramp provider. The mpSOL product demonstrates MoonPay’s ambition to become a key player in DeFi, especially within the Solana ecosystem.
While challenges remain—such as regulatory compliance and fierce competition from native platforms—MoonPay’s established brand and user-friendly technology could provide it with a unique edge. Its widespread reach and simple design could appeal to users who are curious about staking but intimidated by existing platforms.
In conclusion, MoonPay’s start of mpSOL marks a strategic move to tap into the expanding world of liquid staking. With no lockups, a competitive 8.49% yield, and a low barrier to entry, mpSOL offers a new gateway for Solana holders to earn passive income without the usual friction. If MoonPay can maintain ease of use and build DeFi integrations, mpSOL may become a strong alternative to current staking solutions in the Solana network. As staking continues to grow in popularity, MoonPay is clearly aiming to make it simpler and more inclusive for everyone.
