🌟 LST and the Emerald Card in Solayer make this a reality!
Friends, imagine a situation: you are staking your SOL on Solana, earning stable rewards, but suddenly you need to pay for a purchase – and your assets are left 'frozen.' Solayer solves this problem through the integration of liquid staking (LST) with the Emerald Card, creating a flexible system for daily finances. Let's break down how this works technically.
First, about LST: in Solayer, your SOL is converted into ssol tokens (Solayer Staked SOL), which are liquid equivalents. These ssol maintain the full value of the original SOL, plus accrue staking rewards. But the key advantage is that ssol can be used like regular tokens: traded on CEX/DEX, borrowed in DeFi protocols, or even integrated into other Solana applications. This is based on a restaking mechanism, where ssol is 'restaked' to support active validation services (AVS), such as data processing or ensuring network security, without the need to unstake the original assets.
Now the Emerald Card comes into play as a non-custodial crypto debit card, built on InfiniSVM – a hardware-accelerated virtual machine for Solana. InfiniSVM provides over 1 million transactions per second (TPS) with ultra-low latency, making payments instant, on par with Visa. When you spend ssol using the Emerald Card, the transaction is processed on-chain: the card converts ssol into fiat or crypto for global purchases, but staking rewards continue to accrue. This is made possible by the Emerald Rewards program, where every expenditure generates additional on-chain rewards, for example, through AVS support – you’re not just spending, but simultaneously enhancing the Solana ecosystem.
Technically, the integration of LST with the Emerald Card utilizes Solana smart contracts for atomic operations: when you make a payment, ssol is 'temporarily' engaged in the transaction, but the staking state is preserved. InfiniSVM optimizes this through hardware acceleration – specialized chips that speed up SVM (Solana Virtual Machine) computations, reducing gas costs and risks of delays. The result? Users can spend crypto in the real world – from travel to daily purchases – without compromising on security or profitability. This is not just convenience, but a step towards the mass adoption of DeFi, where liquidity and rewards go hand in hand.
Learn more about this integration with @Solayer . Follow me, as I delve into how LST and the Emerald Card make DeFi practical for everyday life, relying on real technical mechanisms that enhance Solana's efficiency! And how does Solayer integrate AI for even greater possibilities? We will unveil the mystery tomorrow! 🚀 #BuiltonSolayer $LAYER