Marinade Borrow is live for everyone

Borrow USDC or SOL against the SOL you already have staked. Stake accounts, mSOL and SOL in your wallet can all back a loan. Everything keeps earning while it does.

Borrow against stake you already hold

If you stake natively with a validator, your stake accounts can back a loan directly. You skip the unstaking wait and your stake keeps earning. Marinade staking positions, mSOL and plain SOL count too.

Collateral is drawn in this order: idle mSOL first, then stake accounts you manage, then Marinade staking positions, then SOL in your wallet. Only the amount the loan needs gets converted to mSOL.

Repay part or all of it whenever you want. There is no fixed term.

Your loan lives on Kamino or Jupiter Lend

Each loan opens on Kamino or Jupiter Lend, whichever offers the better borrow rate at the time. You open and manage it from the Marinade app.

Start with the amount

Enter how much you want to borrow. The collateral and the loan-to-value ratio (LTV) are calculated from what you hold. You can pick a different LTV, within what your wallet can source and what the market allows.

Know the risk

A SOL loan backed by mSOL is shielded from SOL's price moves. Both sides are priced in SOL, and mSOL gains on SOL as it earns. LTV still creeps up slowly as interest accrues.

USDC loans carry real price risk. If SOL falls, your LTV rises. The default leaves room for SOL to roughly halve.

Loans you already have

Loans opened directly on Kamino or Jupiter Lend show up in the Marinade app. For mSOL-backed SOL or USDC loans, you can borrow more, repay, deposit and withdraw from here. Other collateral pairs are visible for now and become manageable later.

Try it

Tap Borrow on the Portfolio page, or go to app.marinade.finance/borrow. Marinade Borrow, explained covers every number on screen and what to check before you open a position.