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Peg Risk Brief

Is mSOL depegged?

Pegana cannot currently answer for mSOL: one or more inputs are missing or failed a sanity check, so the state is reported as Unknown rather than guessed. Marinade staked SOL (mSOL) last traded at - against an intrinsic value of $131.89, as of .

mSOL is a Solana liquid staking token. It has no fixed $1 peg. Its intrinsic value is the underlying stake pool's SOL-per-share rate, so Pegana measures it against that NAV rather than against a dollar. Pegana computes mSOL’s intrinsic value from its peg mechanism and compares it against the best executable market quote. The spread is smoothed, classified against mSOL’s own calibrated thresholds with hysteresis, and every state change emits a public receipt that anyone can re-derive byte-for-byte with the open-source methodology crate.

Last verified Aug 26, 2026, 16:21 UTC
mSOL peg state · Pegana