In a thrilling development for the cryptocurrency community, MoonPay has announced the launch of its Solana staking feature, allowing users to earn up to 8.49% APY on their SOL tokens. To celebrate this milestone, MoonPay is hosting a giveaway where participants can win 10 SOL by naming their staking "Pot."

MoonPay's Solana Staking Launch

MoonPay, a leading fintech company specializing in crypto payments and Web3 infrastructure, has introduced a new liquid staking program for Solana holders. This feature enables users to stake as little as $1 in Solana (SOL) and receive a liquid staking token called mpSOL. The staking process is designed to be seamless, with MoonPay managing everything within a simple interface.

The launch of this feature comes at a time when interest in staking, particularly on Solana, is surging. MoonPay's mpSOL offering enters a competitive landscape but aims to differentiate itself by removing barriers to crypto rewards. The company leverages liquid staking, built on the audited Solana stake pool program, to provide users with flexible liquidity options and attractive yields.

The Giveaway: Name Your Pot and Win SOL

To mark the launch, MoonPay is engaging the community with a creative giveaway. Participants are invited to reply with what they would name their staking "Pot," which is fully customizable when starting to stake. MoonPay will select 10 favorite names, and each winner will receive 1 SOL. The winners will be announced on July 29, 2025.

This initiative not only celebrates the new feature but also encourages user interaction and creativity within the MoonPay ecosystem. The giveaway terms and conditions can be found here.

How Solana Staking Works with MoonPay

For those new to staking, MoonPay's platform simplifies the process. Users can buy or fund their Solana (SOL) directly through MoonPay or from another source. Once they have SOL in their wallet, they can stake it into a "Pot." There are no transaction fees charged by MoonPay when you stake with Pots, making it an accessible option for both new and experienced crypto enthusiasts.

The staking process involves receiving mpSOL tokens, which increase in value over time. As the price of mpSOL rises, each token becomes worth more SOL, meaning users receive fewer mpSOL tokens for the same amount of SOL. However, their tokens remain in their control, and they can unstake or redeem mpSOL using the Solana blockchain, even without MoonPay.

Why This Matters for the Crypto Community

MoonPay's entry into Solana staking is significant for several reasons. Firstly, it provides another avenue for users to earn passive income on their crypto holdings, which is increasingly important in a market where traditional yields are low. Secondly, it democratizes access to staking by lowering the entry barrier to just $1, making it accessible to a broader audience.

Moreover, the giveaway adds an element of fun and engagement, fostering a sense of community around MoonPay's new feature. This approach not only promotes the staking product but also builds brand loyalty and user interaction.

Conclusion

MoonPay's launch of Solana staking and the accompanying giveaway represent a exciting development for the cryptocurrency space. By offering up to 8.49% APY and a chance to win SOL, MoonPay is making staking more accessible and engaging. Whether you're a seasoned crypto investor or just starting out, this is an opportunity to grow your digital assets and be part of a vibrant community.

Stay tuned for the announcement of the giveaway winners on July 29, 2025, and consider exploring MoonPay's new staking feature to see how it can benefit your crypto portfolio.