Algorithmic / under-collateralized stablecoin
Marinade Finance's assessment for RD-F-069 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
mSOL is not a stablecoin. It is a liquid staking receipt token backed by staked SOL with value growing per epoch staking rewards. Algorithmic/under-collateralized stablecoin design is inapplicable. Per PD-024, not_applicable for non-lending protocols.
Sources #
- DocsMarinade Documentation — What is mSOLMarinade docs — mSOL grows in value relative to SOL at staking APY rate; not a stablecoin, not algorithmicretrieved 2026-05-16
- Taxonomy §Category 4 PD-024 resolution03-taxonomy.md §Category 4 PD-024 resolution: RD-F-069 lending-only, not_applicable for non-lending protocolsretrieved 2026-05-16
Methodology #
Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol marinade factor RD-F-069 score not_applicable collected_at 2026-05-16 08:48:35