The Solayer token ($LAYER) is the native token of the Solayer protocol, a re-staking platform built on the Solana blockchain. Solayer is one of the leading and largest initiatives of its kind in the Solana ecosystem, focusing on improving security, scalability, and capital efficiency.
Key Concept: Re-staking
To understand the $LAYER token, one must first understand what "re-staking" is. It is based on the idea that tokens already staked to secure a mainnet (in this case, $SOL for the Solana network) can be "re-staked" to secure additional services, known as Active Validated Services (AVS).
These AVS can be oracles, bridges between blockchains, or other dApps that require an extra layer of security. In this way, users who re-stake their tokens not only earn rewards for their staking in Solana but also receive additional income for securing these third-party services. @Solayer #Builtohsolayer $LAYER