Solayer: Let your SOL "work multiple jobs", and make money while you rest!
Have you heard of Solana's SOL token? There's a new protocol called Solayer that helps your SOL "find work" and aims to maximize its utility! Simply put, it acts like your SOL's dedicated "financial advisor", allowing the SOL that just sits there to participate in network maintenance to earn base rewards, maintain liquidity (available for use at any time), and earn extra income through smart allocation to more places, resulting in naturally increasing returns!
How does it work? The core is two points: @Solayer
1. Let SOL "wear multiple hats" (re-staking): The SOL you stake could only stand guard on the Solana mainnet to earn one salary. Solayer is impressive; as a "plugin" (Layer 2) of Solana, it can send this staked SOL out to take on "side jobs"! For example, participating in services of other popular apps, supporting new projects, or even acting as "security" for other networks. One SOL, multiple earnings, isn’t that great?
2. Give you a "savings book" (sSOL) that you can spend: Deposit SOL and immediately receive an equivalent amount of sSOL tokens. This thing is magical! It represents your deposited SOL + accumulated rewards at a 1:1 ratio, and the key is that you don't have to wait to unlock it! You can directly use sSOL for trading, lending, or participating in other DeFi projects, ensuring your money is always working. What about the underlying SOL? It's still silently earning various returns for you in Solayer! When you want to withdraw, you can take back both the principal and the interest.
Completely smart and worry-free: Solayer has an "intelligent distribution master" that automatically spreads your SOL across different good projects; a "gold medal broker" specifically selects reliable "security" (validators) to ensure safety; an "accounting guy" keeps precise records, ensuring you earn every penny you deserve; and a "currency steward" ensures that the price of sSOL is always transparent and accurate.
