Marinade
Coverage of Marinade in the Nexus archive.
- How do you reconstruct a Solana wallet's actual cost basis when half their activity is LP deposits and yield farming?
A crypto fund manager is struggling to reconstruct the cost basis of a Solana wallet due to complex transactions such as LP deposits and yield farming. The manager needs a clean per-token summary to classify each flow. Crypto fund accountants are facing challenges in handling this on Solana.
- Liquid staking ; native staking what do you actually use?
The article compares native staking (via Phantom) and liquid staking (via platforms like Marinade or Jito) for SOL tokens. Native staking offers simplicity but locks funds for 2-3 days when unstaking, while liquid staking provides tokens like mSOL/JitoSOL for DeFi use and instant unstaking but carries lower yields and smart contract risks.
- Best way to stake SOL: Marinade or Jito?
A user has been staking SOL with Marinade (mSOL) for a year without issues but is considering switching to Jito (jitoSOL) due to higher APY and MEV rewards. They question the significance of MEV and potential risks before making a decision.
- Best way to stake SOL, node or liquid staking?
The article discusses staking options for 100 SOL, comparing native staking via Phantom (which locks funds for 2-3 days) with liquid staking platforms like Marinade and Jito (offering mSOL/JitoSOL tokens for DeFi use and instant unstaking). The user prioritizes long-term yield with minimal complexity but notes lower returns and smart contract risks in liquid staking.