Background and Technology of Solayer
Solayer is a re-staking protocol based on Solana, launched in 2024, aimed at enhancing the network's security and scalability. Research indicates that re-staking is an innovative mechanism that allows users to use already staked proof-of-stake assets (such as SOL) as collateral for other systems (like Active Validation Service, AVS), thereby increasing asset utilization and enhancing network security.
Solayer leverages Solana's advanced architecture, including the Solana Virtual Machine (SVM) for parallel processing and efficient transaction protocols (such as Gulf Streaming and Proof of History). This makes it a high-performance platform for supporting decentralized applications (dApps). In May 2024, Solayer launched its re-staking protocol, with the first round of deposits reaching $24.2 million within three hours, demonstrating strong market demand.
The technical features of Solayer include support for endogenous AVS, providing more reliable block space and prioritized transaction processing. It also plans to enhance asset liquidity in the future to encourage compatibility with decentralized finance (DeFi).
The Significance of Re-staking
The concept of re-staking originates from Ethereum's EigenLayer and aims to maximize the utility of staked assets. Solayer introduces this mechanism to Solana, allowing users to earn additional rewards through re-staking while enhancing the network's decentralization and security. Evidence shows that this is crucial for Solana's scalability, especially when handling high-throughput transactions.
