Solayer, the innovative decentralized platform on Solana, has officially passed its first Solayer Improvement Proposal, SIP-1, marking a significant milestone in the project’s evolution. This achievement highlights Solayer’s commitment to community-driven governance and continuous innovation in decentralized finance (DeFi).
SIP-1 introduces an enhanced tiered staking rewards system, giving users the opportunity to earn higher rewards based on their staking duration and amount. Additionally, the proposal adds community incentives, including referral bonuses and milestone rewards, fostering stronger user engagement and growth.
By passing SIP-1, Solayer ensures that users not only benefit financially from staking but also gain a more active role in the platform’s governance. Higher-tier stakers now have voting rights, enabling them to influence future upgrades and decisions.
The community’s support for SIP-1 reflects the growing trust in Solayer’s ecosystem. With over 300,000 users and a TVL surpassing $500 million, the platform continues to solidify its position as a leading DeFi project on Solana.
As SIP-1 rolls out, Solayer is expected to see increased staking participation, stronger user retention, and a more engaged governance community, setting the stage for the next phase of growth and innovation in the Solana DeFi landscape.
