On February 7, 2025, the Solayer project announced details about the LAYER token, including the distribution mechanism, tokenomics, and airdrop program. This announcement marks an important step forward in the project's development, towards the goal of building a blockchain that is scalable thanks to hardware acceleration.
The maximum total supply of LAYER is 1,000,000,000 tokens, with an initial circulating supply of 220,000,000 LAYER. The allocation structure is divided into 4 main groups:
Community & Ecosystem (51.23%):
34.23% is spent on research and development (R&D), developer programs, ecosystem development, and other user activities.
14% is for community events/incentives (of which 12% is for Genesis Drops).
3% is distributed through the sale of Emerald Cards to the community.
Core Team (17.11%): For core members and advisors.
Investors (16.66%): Sold to investors.
Solayer Fund (15%): Allocated to the Solayer Fund to support vertical product expansion and network development.
Information about tokenomic LAYER. Source: Solayer
According to the announcement from the project, the LAYER token will be issued from time to time. The specific vesting schedule is as follows:
Genesis drop: Fully unlocked at launch.
Selling Emerald Cards: Fully unlocked at launch.
Encourage the community: Linear vesting for 6 months.
Community and Ecosystem: Vesting every 3 months for 4 years.
Solayer Foundation: Vesting every 3 months for 4 years.
Team & Advisors: 1 year cliff, then linear vesting for 3 years.
Investor: 1 year cliff, then linear vesting for 2 years.
LAYER token vesting schedule. Source: Solayer
In addition to announcing the tokenomic, Solayer also announced the Genesis Drop program for the community, to thank users who have been with the project since the first days.
Specifically, this second LAYER distribution is reserved for community members who have been with Solayer since the project launched in 2024. Solayer will airdrop 12% of the total tokens to Solayer community members, integration partners, and liquidity providers.
Eligible subjects include:
Holders of Solayer's sSOL and sUSD.
The user has delegated sSOL to the AVS partner.
Users have deposited sSOL or sUSD into partnered DeFi protocols.
Users who have submitted LST are whitelisted on Solayer.
Users have deposited funds into Solayer through partner campaigns and wallets.
LRT protocol.
Other reward initiatives.
For eligible community members, the Genesis airdrop will be unlocked immediately at launch. In addition, users can get more LAYERS in the next 6 months according to Epoch.
Solayer project homepage. Source: Solayer
LAYER plays an important role in the entire Solayer ecosystem. When it first launched, LAYER will focus on the governance function, allowing holders to participate in the decision-making of the project. Over time, the utility of LAYER will be expanded.
Currently, LAYER's governance function includes participating in the protocol upgrade process (e.g., adding supported assets) and contributing to important ecosystem development initiatives (e.g., grant programs).
In the future, LAYER will likely be used to participate in the Proof of Stake consensus mechanism, which allows holders to verify proofs and receive block rewards. In addition, LAYER can also become a gas token to pay for transactions on the Solayer network.
Launched in January 2024, Solayer initially operates as a staking protocol, similar to EigenLayer on Ethereum. Users can stake their SOL tokens on Solayer to secure other dapps, while also receiving rewards.
On January 7, 2025, Solayer announced its 2025 development roadmap, with a focus on the InfiniSVM blockchain. InfiniSVM uses a hardware-accelerated Solana Virtual Machine (SVM), which aims to deliver superior performance and solve bandwidth bottlenecks that exist on the Solana network.
