I will write about the project in a series of articles today, follow me for the third article.
A step-by-step guide to benefit from Solayer
After learning about the @Solayer project and the mechanism of re-staking, it's time to move from the theoretical aspect to the practical side.
In this article, we will clarify the steps to use the Solayer platform to utilize your tokens and increase returns safely.
Steps to use Solayer:
1. Choose a wallet compatible with the Solana network:
Before anything else, you need a wallet that supports the Solana network, such as Phantom or Solflare.
This wallet will be the starting point for all your operations within Solayer.
2. Connect your wallet to the Solayer platform:
After setting up the wallet, you can connect it directly to the Solayer platform. This connection allows you full control over your tokens and to track rewards in real-time.
3. Deposit SOL tokens or liquid tokens:
Place the tokens you wish to re-stake on the platform. These can be SOL tokens or liquid staking tokens like mSOL or JitoSOL.
4. Choose the decentralized application (dApp) to support:
After depositing, choose the decentralized applications you wish to support with your tokens. This step gives you the ability to customize your support according to your investment goals and strategy.
5. Confirm the re-staking process and track rewards:
Once the re-staking is confirmed, the tokens begin to support the selected applications, and you will be able to track the rewards you earn in real-time through the platform's dashboard.
In the next article, we will learn about the native currency of the Solayer project, $LAYER
, and its role in the project's ecosystem, to understand how it can be utilized in governance, rewards, and treasury management.