Solayer$LAYER - an innovative re-staking protocol in the Solana ecosystem that operates around three core components:
Restaking pool manager
The Re-Stake pool manager is one of the core components of Solayer, responsible for accepting SOL or Solana-based liquid staking tokens (LST) deposited by users and converting these assets into wrapped sSOL assets. After depositing assets, users receive sSOL tokens, which can be further used to support various decentralized applications (DApps) and active validator services (AVS) on Solana.
Delegation manager
The role of the delegation manager is to distribute users' sSOL tokens among various AVSs to ensure the proper functioning of the consensus mechanism of these services. Through the delegation manager, users can delegate sSOL to projects such as Sonic Layer 2 Chain, HashKey Cloud infrastructure services, or the Bonk ecosystem. When users delegate sSOL to these services, they receive wrapped SPL tokens as proof of their staking shares. SPL is the primary standard for token exchange on Solana, similar to ERC-20 on Ethereum.
Reward accounting unit
The reward accounting unit is an autonomous module responsible for calculating user rewards by accessing data in the repladge pool manager. These rewards can be used for specific loyalty programs or giveaways in the future.
Resolve liquidity issues
To improve user experience and address liquidity issues in the application of LST, Solayer adopts a concept of the sSOL/SOL pool, which allows for instant conversion of all AVS LST tokens into base sSOL, significantly reducing price impact and transaction fees. An efficient liquidity integration mechanism enhances the overall user experience, making it more convenient for users to stake and withdraw collateral. Through the collaboration of these three core components, Solayer not only provides effective solutions for user staking but also expands the use cases of the Solana ecosystem, supporting multiple AVS and DApps.#BuiltonSolayer
