LAYER – The central token of Solayer Network
In the new wave of Web3 infrastructure, Solayer stands out as a modular restaking protocol, allowing the utilization of liquidity from various staking assets to enhance security and expand applications. The LAYER token is the backbone that operates this ecosystem.
Main applications of LAYER:
• Network security: Users can stake LAYER or supported assets to help protect the system.
• Fees & utilities: LAYER is used to pay for service fees, verification, and interactions within the network.
• Governance: LAYER holders have voting rights to shape the development mechanism of Solayer.
• Incentives: Validators and delegators receive rewards in LAYER to encourage long-term participation.
Notably, Solayer opens up the possibility of cross-chain restaking, creating a common layer of security for multiple blockchains. With the LAYER token, Solayer aims to become the core infrastructure platform in the modular blockchain era.