Marinade Finance

Marinade Finance receives a B- risk grade (31/100) from Hindenrank, where lower scores indicate lower risk. Lower risk — well-diversified staking across 100+ validators, but Solana network outages remain a real threat to mSOL holders Solana's largest liquid staking protocol, letting you stake SOL and receive mSOL that you can use across DeFi while earning staking rewards. It manages $2.2B in staked assets across 100+ validators. Its B grade reflects strong design and diversification, offset by the risk of mSOL losing its peg during Solana network stress.

The key risks identified for Marinade Finance are: (1) If Solana's network goes down during a market crash (it has gone offline multiple times before), you cannot unstake, manage positions, or exit. Your money is trapped. (2) mSOL is used as collateral across Solana DeFi. If mSOL drops below its expected value relative to SOL, it triggers a wave of forced sell-offs across multiple protocols. (3) Projects can pay to direct your staked SOL to their preferred validators. This could concentrate stake in validators that pay the most rather than perform the best.

Marinade Finance scores 31/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 81 rated Liquid Staking protocols on Hindenrank, Marinade Finance ranks #41 by safety (lowest risk score = safest). Its 31/100 risk score and B- grade place it in the middle tier of Liquid Staking protocols.

Marinade Finance scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.