What is Solayer?
Solayer is a native Solana restaking protocol designed to enhance the security and scalability of the ecosystem. Its value proposition focuses on the 'restaking' of SOL tokens, allowing users to secure multiple protocols and decentralized applications (dApps) simultaneously. In return, stakers receive additional rewards.
Technology and Key Features
InfiniSVM Architecture: This innovative architecture uses hardware to accelerate transactions, achieving a performance of over a million transactions per second (TPS) and ultra-low latency. This is accomplished by offloading parts of the blockchain processing to programmable chips.
sUSD Stablecoin: Solayer has launched its own stablecoin, sUSD, which is backed by U.S. Treasury bonds. This not only provides stability but also allows users to generate passive returns on their assets.
$LAYER Token: The native token of the protocol, $LAYER, is essential for the governance of the project. Its holders can participate in key decision-making, such as treasury management and protocol updates. In the future, the token is expected to also play a role in consensus and as a gas token.
Impact on the Solana Ecosystem
The restaking of SOL through Solayer creates a shared security layer that benefits the entire ecosystem. Projects that integrate with Solayer can leverage this security without having to build their own infrastructure from scratch. This reduces costs, increases efficiency, and fosters innovation.
With a fundraising of $22.5 million and a total value locked (TVL) that has surpassed $180 million, Solayer positions itself as a key player in the evolution of Solana. Its technology not only seeks to address scalability challenges but also opens new opportunities for yield generation on the network.