Solayer is a re-staking protocol in the Solana ecosystem, aimed at enhancing performance and security, helping to scale decentralized applications on the Solana blockchain. The following is a specific introduction:
Core Technology
Solayer introduces an endogenous AVS mechanism, allowing dApps to dynamically allocate their processing power based on staked tokens, enabling dApps to influence network operations according to their own staking ratio, achieving more efficient user transaction processing. It also builds infiniSVM to scale Solana, which is a hardware-accelerated SVM, infinitely scalable through a multi-execution cluster architecture connected via SDN and RDMA, achieving 100Gbps while maintaining atomic states.
Operation Method
Users can re-stake SOL and other liquid staking tokens such as mSOL or stSOL through the Solayer protocol to earn Solayer's native re-staking token ssol. The assets that users re-stake will enter a shared security pool, which decentralized applications can utilize without having to build their own validator set, instead relying on Solayer's shared validator network.
Support for Developers
Solayer provides developers with a set of tools, including a shared validator network, decentralized orderers, permissioned public memory pools, MEV strategies, and localized state support, helping developers easily integrate re-staking into their Solana applications, allowing them to focus on application logic while benefiting from a strong security and consensus layer.
Token Economy
Solayer's native governance token is LAYER, with a maximum supply of 1 billion tokens and an initial circulating supply of 220 million tokens. LAYER will be distributed through EmeraldCard community sales and early user genesis airdrops. The distribution ratio is 51.23% for the community and ecosystem, 17.11% for core contributors, 16.66% for investors, and 15% for the foundation.
Project Development
Solayer was established in January 2024 and has achieved several key milestones since its launch, including the launch of the mainnet protocol, the introduction of the susd stablecoin, and integration with several major Solana DeFi applications. In the future, Solayer's roadmap focuses on expanding re-staking integration, building more DeFi primitives such as lending markets, and gradually achieving decentralization of protocol governance.
Advantages and Features
• High decentralization and security: Utilizing Solana's stakers as validators to avoid trust risks from centralized service providers or proprietary tokens.
• Diversified earnings: In addition to basic PoS staking rewards, users can also earn additional rewards such as MEV and AVS.
• Supports multiple assets: Users can deposit native SOL, mSOL, JitoSOL, and other assets.
• Provides support for DApps: Offers a simple way for DApps to create their own AVS LSTs, allowing DApps to earn a portion of staking commissions and configure underlying operators for staking delegation in the future.
