What determines “separation” from msol to SOL? msol is more sought after because of higher APYs? therefore pricier? Kind of a noob question

I’m not hurt by it I was buying regular sol still cheaper the whole time

  • GranPino@alien.topBEnglish
    1·
    1 year ago

    Because each mSOL keeps growing in SOL value because it generates staking rewards.

    So if you ever go to the marinated Solana DApp , you can exchange mSOL for the accrued SOL + accrued staking rewards since creation.

  • JooseBTC@alien.topBEnglish
    1·
    1 year ago

    I think u need to research what staking is if u really care to find the answer to this. It’s very simple but if u don’t kno what staking is it’s very complex

    If u already understand staking, mSol is just Sol with the staking rewards built in. So that price difference u see will always grow. mSol is Sol +7% APY

  • Thermostcool@alien.topBEnglish
    1·
    1 year ago

    You’re thinking about it in terms of dollars not ratio to Sol. Current ratio is around 1.13/sol but the gap in dollar terms will get bigger as the price goes up. Example if sol was worth a dollar mSol would cost 1.13 dollars if Sol was worth 100 dollars mSol would be worth 113 dollars