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How to Stake Ethena (ENA) on Marinade Finance

Marinade Finance may not directly support ENA staking, but you can still use Marinade Finance to buy ENA and transfer it for staking.

Current APY

25.0%

Price

$0.0956

Platform Fee

6%

Platform Type

liquid

Start Staking ENA on Marinade Finance

Marinade Finance gives you full control of your assets.

Stake ENA on Marinade Finance →

Step-by-Step: Stake ENA on Marinade Finance

1

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Ethena's network.

2

Acquire ENA

Buy ENA from an exchange and transfer it to your wallet, or swap for it using a DEX.

3

Visit Marinade Finance

Go to Marinade Finance's staking interface and connect your wallet.

4

Stake and receive liquid tokens

Enter your ENA amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.

5

Use your LST in DeFi (optional)

Your liquid staking token can be used across DeFi — lend it, provide liquidity, or hold it to earn staking rewards passively.

Marinade Finance for ENA Staking: Pros & Cons

Pros

  • + Native Solana liquid staking — no ETH bridge risk
  • + mSOL usable across Marinade's DeFi partners
  • + Distributes stake across 450+ validators for decentralization
  • + Instant unstake available for a small fee

Cons

  • - Solana-only
  • - Smart contract risk
  • - mSOL liquidity lower than stETH on Ethereum

FAQ: ENA Staking on Marinade Finance

What APY can I earn staking ENA on Marinade Finance?
The current estimated APY for ENA staking is around 25.0%. Actual rates vary based on network conditions, validator performance, and Marinade Finance's fee structure (6% of staking rewards).
Is staking ENA on Marinade Finance safe?
Marinade Finance is a non-custodial protocol with a medium risk profile for ENA staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake ENA from Marinade Finance?
Unstaking times depend on the network: Flexible (mSOL is liquid). During the unstaking period, your ENA won't earn rewards.
What fees does Marinade Finance charge for ENA staking?
Marinade Finance charges 6% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake ENA on other platforms?
Yes! You can compare all available platforms for ENA staking on our How to Stake Ethena guide. Different platforms offer different APY rates, fees, and custody models.