What is Solayer?
Solayer is a native restaking protocol built on the Solana blockchain. It allows users to restake SOL or Solana-based liquid staking tokens (LSTs) like JitoSOL or mSOL. In return, users receive sSOL, a liquid, stake-representing token. This enables users to continue earning staking rewards while redeploying their assets into other DeFi applications—effectively amplifying capital efficiency across the ecosystem.
What’s the deal with LAYER?
LAYER is the native token of the Solayer ecosystem. Its functions include:
• Governance, empowering holders to vote on proposals like protocol upgrades and fund allocations.
• Transaction fees, where a portion is burned
Short Summary for Social Use:
Solayer is Solana’s first restaking protocol that converts your staked SOL into sSOL—keeping your assets liquid while unlocking new yield. Its LAYER token handles governance and fees (with burning!). Powered by InfiniSVM, it’s bringing hardware-accelerated speed to Solana’s ecosystem. $LAYER #BuiltonSolayer #Write2Earn