MoonPay has officially joined the Sanctosphere with the launch of mpSOL, a liquid staking token (LST) powered by Sanctum that’s now available directly through the MoonPay mobile app.
mpSOL has already attracted over 101,000 SOL, delivering up to 8.49% APY. Rewards accrue approximately every two days, and users can swap back to SOL at any time.
With over 30 million users across 180+ countries and nearly 500 enterprise clients, MoonPay is a global leader in crypto payments. And through the launch of mpSOL, Sanctum infrastructure became a core component of the platform’s Solana staking experience.
“We’ve built a product that mirrors the ease and familiarity of a traditional savings account, but with the earning potential of blockchain networks behind it.” - Ivan Soto-Wright, CEO of MoonPay
How mpSOL Works
mpSOL reflects SOL staked to MoonPay-operated validators. It automatically accrues staking rewards and can be redeemed for SOL at any time, without lockups or delays.
Here’s how it works in practice:
- Users stake as little as $1 worth of SOL to MoonPay-operated validators.
- In return, they receive mpSOL, which represents both their principal and accrued staking rewards.
- Rewards are distributed approximately every two days and compound automatically into the token’s value.
“Our new Staking experience is designed to be easy to use, and you can stake or unstake in seconds, earning passive rewards every 2 days.” - Team MoonPay
You can also get mpSOL directly from the LST’s dedicated page on the Sanctum Website.
Powered By Sanctum
Sanctum is the only Solana liquid staking provider that enables teams to launch and own a branded LST complete with custom validator logic, redemption rules, and deep DeFi integrations.
Our technology powers the issuance, yield accrual, and composability of mpSOL, enabling MoonPay to integrate a compelling branded liquid staking experience directly into its mobile app. Instead of just a backend feature, liquid staking is now positioned as a core product experience.
MoonPay joins leading teams like Bybit, Drift, and Jupiter in launching Sanctum LSTs to ignite their growth within the Solana ecosystem.
What’s Next
As mpSOL continues to grow, spurred on by MoonPay’s global distribution, Sanctum will support the team in any way we can—expanding access, deepening integrations, unlocking new use cases across the Solana ecosystem, etc.
To stay up to date on mpSOL, follow MoonPay and Sanctum on X.
Interested in launching your own branded LST? Visit our docs to get started.