GuidesOct 27, 2025
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.
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, Meteora, Aldrin, Francium, Orca, Raydium, Saber
Supply mSOL–stablecoin pairs
Supply mSOL, non-stable liquidity pairs (like mSOL–MNDE)
- Tokens: mSOL
- Risks: smart contract, impermanent loss
- Protocols: Atrix, Aldrin, Mango, Meteora, Orca, Saber, Step
Supply mSOL to concentrated liquidity pools
Supply mSOL to concentrated liquidity vaults
- Tokens: mSOL
- Risks: smart contract, impermanent loss, advanced strategies
- Protocols: Kamino, Hawksight
Lending and collateral
Lend mSOL
- Tokens: mSOL
- Risks: smart contract, leveraged strategies
- Platforms: Drift, Francium, Mango, MarginFi, Port, PsyFi, Solend
Leverage
Leveraged mining with mSOL
- Tokens: mSOL
- Risks: smart contract, impermanent loss, leveraged strategies, advanced strategies
- Protocols: Francium, Raydium, Saber, Tulip Garden
Leveraged staking
- Tokens: mSOL
- Risks: smart contract, leveraged strategies, advanced strategies
- Protocols: Super Stake SOL, Solend, Mango, Kamino
mSOL-only strategies
Borrow against your mSOL collateral
- Tokens: mSOL
- Risks: smart contract, advanced strategies
- Protocols: Drift, Hubble, Port, PsyFi, Solend
On-chain mSOL options trading
- Tokens: mSOL
- Risks: smart contract, impermanent loss, advanced strategies
- Protocols: Dual Finance, SDX
Supply mSOL as single-sided liquidity
- Tokens: mSOL
- Risks: smart contract, advanced strategies
- Protocols: GooseFX
Go long and short using mSOL
- Tokens: mSOL
- Risks: impermanent loss, leveraged strategies, advanced strategies
- Platforms: Drift, Mango, Jupiter
Buy and hold mSOL on a central exchange
NFT-Fi
Buy NFTs with mSOL
Borrow mSOL with NFTs
- Tokens: mSOL
- Risks: smart contract, leveraged strategies
- Protocols: RainFi
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. |
