In August 2025, Solayer officially launched the first governance vote of the Decentralized Autonomous Organization (DAO), involving a distribution plan for a $50 million ecological fund. This vote adopted an on-chain snapshot + weighted voting mechanism, allowing LAYER holders to participate through the Snapshot platform. The voting results will directly impact Solayer's strategic direction for the next six months.
Proposal Details:
1. Fund Usage: $50 million will be used to support three types of projects:
◦ Cross-chain DeFi protocol development ($30 million)
◦ RWA asset on-chain plan ($15 million)
◦ Developer toolchain construction ($5 million)
2. Incentive Mechanism: After the proposal is approved, users participating in the vote can receive a 3% LAYER reward based on voting weight, and excellent proposal submitters will receive an additional 100,000 WCT tokens.
3. Voting Threshold: A single wallet address must hold at least 1,000 LAYER to vote, to prevent witch attacks.
Technical Implementation:
Solayer DAO adopts the "Quadratic Voting" mechanism, where voting weight is proportional to the square root of the amount held, ensuring the voice of small and medium investors. The voting results will be automatically executed through Solayer's on-chain governance contract, and all fund transfer records can be queried in real-time on the Solana Explorer.
Community Impact:
This vote attracted over 12,000 LAYER holders to participate, and the proposal discussion thread received over 5,000 comments on the Solana forum. Notably, the community proposed an amendment to "establish a special fund for RWA audits," which became the current hottest option with a 67% support rate.
