Borrowers can use mSOL as collateral for USDC or USDT loans, while continuing to earn staking rewards at the same time.
On-chain asset manager Maple now allows institutional borrowers to use Marinade’s mSOL as lending collateral. This allows Solana stakers to access overcollateralised stablecoin loans without giving up staking rewards.
This integration combines the strength of Maple’s $7.23 billion in institutional lending volume with Marinade’s position as the largest staking protocol on Solana.
Accepting mSOL as collateral provides institutional borrowers with a straightforward way to unlock USDC or USDT against staked SOL positions. Borrowers can continue earning staking rewards while securing stablecoin liquidity for operational needs.
This eliminates the need to unstake or exit Solana-based positions to access credit, improving flexibility and capital efficiency across the board.
The process works by allowing borrowers to stake SOL via Marinade to receive mSOL tokens. The borrowed mSOL is then placed in the custody of Maple’s institutional partners in return for USDC or USDT loan agreements. This allows borrowers to earn staking rewards on their mSOL while the loan is active.
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