#Solayer Solayer is a restaking protocol built on the Solana blockchain, designed to enhance the network's security and scalability. Here's what you need to know:
What is Solayer?
Solayer allows users to restake their SOL tokens or Solana-based liquid staking tokens (LSTs), boosting earnings and reinforcing network security. Think of it as leveraging your existing stake to support multiple services, like oracles and bridges, while earning additional rewards.
Key Features
- *InfiniSVM Architecture*: Solayer's innovative architecture achieves high throughput (1M+ TPS) and low latency, making it ideal for high-performance applications.
- *Restaking Pool Manager*: Manages asset flow, converts SOL to sSOL (liquid restaking token), and optimizes returns.
- *Validator Selection*: Dynamically adjusts delegation based on performance and security contributions.
- *sSOL Token*: Represents staked SOL, enabling users to participate in DeFi strategies and earn yield.
LAYER Token
- *Utility*: Powers governance, validator rewards, and transaction fees.
- *Supply*: 1 billion LAYER tokens, with 51.23% allocated to the community and ecosystem.
- *Current Price*: $0.3049, with a 24-hour trading volume of $544.63 million.
Benefits
- Higher rewards for stakers
- Enhanced security through distributed stake
- Liquidity through sSOL for DeFi participation
Risks
- Smart contract vulnerabilities
- Validator penalties (slashing)
- Market fluctuations
Backers
Solayer has attracted support from prominent investors, including Polychain Capital, Binance Labs, and Anatoly Yakovenko, co-founder of Solana.
Current Status
Solayer's TVL (Total Value Locked) was around $100 million as of March 2025, with SOL making up 87% of restaked assets.
#Solayer $SOL