Solana Leveraged Stake FAQ

mpSOL was deployed in Solana by the Meta Pool DAO, in order to provide users easy access to the benefits of Leveraged Staking in Solana.

What do you mean “dial it up to 11”?

We expect, via leveraged staking, for mpSOL to have an extra APY on top of the standard Solana staking APY. Normally Solana staking APY fluctuates near 9% APY; in that case mpSOL could reach an APY of 11% because of the leveraged staking. For example, if you deposited 900 mSOL (valued 1000 SOL), the value of your mpSOL after one year will be 1,100 SOL. Note: The mpSOL extra APY is variable and depends on the availability of borrowed SOL to perform the leveraged staking.

Where does the yield come from?

The protocol also uses leveraged staking to create extra yield for your tokens.

What do I get when depositing LSTs in the mpSOL aggregator?

You get mpSOL that is a receipt for the SOL-value of the LSTs you deposited.

Is mpSOL tradeable?

YES, the mpSOL token, that you will receive in your wallet after depositing any of the whitelisted LSTs, is a receipt for the SOL-value of the tokens (LSTs) you deposited. It can be traded as any other solana token. You can use jup.ag to trade mpSOL. You can also provide liquidity for mpSOL<>SOL in orca.so

What are LSTs?

LSTs are Liquid Staking Tokens in Solana like mSOL, jitoSOL, jupSOL, hubSOL, bSOL. All of them distribute staked SOL in validators and give you a liquid receipt token representing your staked SOL. In general They provide the standard staking yield for Solana.

Are LSTs interchangeable (fungible)?

Mostly YES. Most LSTs share the same source code from the Solana Program Library (except for mSOL that was the first LST). Most of them can be exchanged via the Sanctum platform. All LSTs are just receipts for staked SOL.

How do I get my LSTs back?

You need to unstake your mpSOL, wait for the unstaking period, and then withdraw from the available LSTs. The yield is continuous, so if you kept your mpSOL for a month and a half, you should expect to get around 1% more SOL-value than the amount you deposited.

Do I get the same LSTs I deposited?

No. You decide what LSTs to withdraw once the unstaking period is over. You can withdraw the same kind of LST that you deposited or you can select any other of the available ones. If the one you want is not available, you can withdraw another one and exchange it later in Sanctum or jup.ag