1. Project Overview

Solayer is a pioneering protocol designed to scale the Solana blockchain with the first-ever restaking platform and hardware-accelerated Solana Virtual Machine (SVM). By leveraging InfiniBand technology and a multi-execution model, Solayer can achieve 1 million+ TPS and ultra-high bandwidth with near-zero latency. It introduces Stake-weight Quality of Service (QoS) to enhance decentralized applications' performance and secure blockspace. The project aims to build a highly scalable, decentralized ecosystem that meets the growing demand for bandwidth and transaction throughput in blockchain networks.

2. Token Information

  • Token Name: $LAYER

  • Token Type: SPL Token

  • Total Supply: 1,000,000,000

  • Initial Circulating Supply: 210,000,000

3. Token Utility

  • Governance (Current): Enables participation in protocol upgrades, adding new supported assets, managing the treasury, and initiating key ecosystem initiatives like grants.

  • Proof of Stake Consensus (Future): Token holders can participate in decentralized verification, securing Solayer and earning block rewards.

  • Gas Token (Future): The Solayer token will serve as the gas token for transactions on the network, with a deflationary mechanism where half of the generated gas fees will be burned.

  • Treasury Management: Utilized for treasury management, including diversification and securing decentralized systems.

4. Project Highlights

  1. InfiniSVM (Hardware-Accelerated Blockchain): A highly-performant, interconnected executor cluster that scales the Solana Virtual Machine (SVM) infinitely.

  2. Solana Restaking via Stake-weight QoS: Solayer introduces a unique restaking mechanism with sSOL stake delegation, increasing network bandwidth and securing blockspace for dApps, enhancing performance for decentralized applications on Solana.

  3. Treasury-Bill Backed Stablecoin (sUSD): Solayer’s stablecoin is backed by U.S. Treasury Bills, providing stability and utility for decentralized systems. It has quickly achieved over $32M in Total Value Locked (TVL), with strong institutional demand.

  4. Solayer Debit Card: A non-custodial, premier metal debit card that allows users to seamlessly transact with their on-chain balance, enabling real-world utility for Solayer token holders and bridging the gap between the blockchain and everyday transactions.

  5. Strong Community Engagement: Solayer boasts over $500M in TVL, with 295,000+ unique depositors. Its sSOL restaking program has become one of the highest-yielding staking options on Solana due to ongoing hardware optimizations.

  6. Highly Scalable and Optimized Infrastructure: The InfiniSVM and multi-executor model help scale from single to multiple execution clusters using InfiniBand, dramatically improving throughput and reducing latency, offering an optimized solution for the blockchain's growing needs.

  7. Vertical Integration: Solayer provides a fully integrated ecosystem from staking (sSOL) to stablecoin (sUSD) to real-world utility (debit card), creating a seamless user experience across the entire stack.