# The mSOL Cookbook: DeFi strategies for your liquid stake

> Fifteen ways to put mSOL to work across Solana DeFi — liquidity providing, lending, leverage, options, and NFT-Fi — with the protocols that support each and the risks each one carries.

Canonical HTML: https://app.marinade.finance/learn/msol-cookbook-strategies/

Discover the highest earning opportunities for your mSOL, where you can effortlessly maximize your profits.

## Liquidity providing

### Supply mSOL–SOL liquidity pairs

- **Tokens:** mSOL, SOL
- **Risks:** smart contract
- **Platforms:** [Marinade](https://marinade.finance/app/liquidity/), [Meteora](https://www.meteora.ag/), [Aldrin](https://aldrin.com/), [Francium](https://francium.io/), [Orca](https://www.orca.so/), [Raydium](https://raydium.io/swap/?inputMint=sol&outputMint=4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R), [Saber](https://app.saber.so/swap)

### Supply mSOL–stablecoin pairs

- **Tokens:** mSOL, USDC
- **Risks:** smart contract, impermanent loss
- **Platforms:** [Aldrin](https://aldrin.com/), [Atrix](https://atrix.finance/), [Orca](https://www.orca.so/), [Raydium](https://raydium.io/swap/?inputMint=sol&outputMint=4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R)

### Supply mSOL, non-stable liquidity pairs (like mSOL–MNDE)

- **Tokens:** mSOL
- **Risks:** smart contract, impermanent loss
- **Protocols:** [Atrix](https://atrix.finance/), [Aldrin](https://aldrin.com/), [Mango](https://mango.markets/), [Meteora](https://www.meteora.ag/), [Orca](https://www.orca.so/), [Saber](https://app.saber.so/swap), [Step](https://www.step.finance/)

### Supply mSOL to concentrated liquidity pools

- **Tokens:** mSOL
- **Risks:** smart contract, impermanent loss, leveraged strategies
- **Protocols:** [Kamino](https://app.kamino.finance/lending/multiply), [Orca](https://www.orca.so/)

### Supply mSOL to concentrated liquidity vaults

- **Tokens:** mSOL
- **Risks:** smart contract, impermanent loss, advanced strategies
- **Protocols:** [Kamino](https://app.kamino.finance/lending/multiply), [Hawksight](https://www.hawksight.co/)

## Lending and collateral

### Lend mSOL

- **Tokens:** mSOL
- **Risks:** smart contract, leveraged strategies
- **Platforms:** [Drift](https://www.drift.trade/), [Francium](https://francium.io/), [Mango](https://mango.markets/), [MarginFi](https://app.marginfi.com/), [Port](https://www.port.finance/), [PsyFi](https://psyfi.io/lending), [Solend](https://solend.fi/)

## Leverage

### Leveraged mining with mSOL

- **Tokens:** mSOL
- **Risks:** smart contract, impermanent loss, leveraged strategies, advanced strategies
- **Protocols:** [Francium](https://francium.io/), [Raydium](https://raydium.io/swap/?inputMint=sol&outputMint=4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R), [Saber](https://app.saber.so/swap), [Tulip Garden](https://tulip.garden/)

### Leveraged staking

- **Tokens:** mSOL
- **Risks:** smart contract, leveraged strategies, advanced strategies
- **Protocols:** [Super Stake SOL](https://www.superstakesol.com/), [Solend](https://solend.fi/), [Mango](https://mango.markets/), [Kamino](https://app.kamino.finance/lending/multiply)

## mSOL-only strategies

### Borrow against your mSOL collateral

- **Tokens:** mSOL
- **Risks:** smart contract, advanced strategies
- **Protocols:** [Drift](https://www.drift.trade/), [Hubble](https://app.hubbleprotocol.io/borrow), [Port](https://www.port.finance/), [PsyFi](https://psyfi.io/lending), [Solend](https://solend.fi/)

### On-chain mSOL options trading

- **Tokens:** mSOL
- **Risks:** smart contract, impermanent loss, advanced strategies
- **Protocols:** [Dual Finance](https://www.dual.finance/), [SDX](https://sdx.markets/)

### Supply mSOL as single-sided liquidity

- **Tokens:** mSOL
- **Risks:** smart contract, advanced strategies
- **Protocols:** [GooseFX](https://www.goosefx.io/)

### Go long and short using mSOL

- **Tokens:** mSOL
- **Risks:** impermanent loss, leveraged strategies, advanced strategies
- **Platforms:** [Drift](https://www.drift.trade/), [Mango](https://mango.markets/), [Jupiter](https://jup.ag/perps)

### Buy and hold mSOL on a central exchange

- **Tokens:** mSOL
- **Risks:** central custody
- **Exchanges:** [Coinbase](https://www.coinbase.com/price/marinade), [Gate.io](https://www.gate.io/), [Kraken](https://www.kraken.com/prices/marinade-staked-sol?quote=usd), [Alto IRA](https://altoira.com/)

## NFT-Fi

### Buy NFTs with mSOL

- **Tokens:** mSOL
- **Risks:** smart contract
- **Protocols:** [Hadeswap](https://www.hadeswap.com/), [Liquify](https://liquifynft.com/), [SolSniper](https://www.sniper.xyz/)

### Borrow mSOL with NFTs

- **Tokens:** mSOL
- **Risks:** smart contract, leveraged strategies
- **Protocols:** [RainFi](https://rain.fi/)

## Risk glossary

| Risk | What it means |
|---|---|
| Smart contract | User is exposed to smart contract/platform risk. Consult each protocol's security documentation for a better understanding of risk exposure. |
| Impermanent loss | User's position features multiple tokens exposed to market conditions that may create impermanent loss. |
| Advanced strategies | In addition to basic smart-contract risk, a position in this strategy also involves a more complex, automated investing strategy. |
| Leveraged strategies | This position is subject to liquidation, where market conditions may cause a user to lose ownership of an active position on the platform. This is common in loan and leveraged strategies. |
| Central custody | Assets held by a centralized entity like a bank or exchange. |