Solayer is valued at 80 million USD, with a total TVL exceeding 114 million USD. What is the real secret behind the Emerald Card?
The core of Solayer is infiniSVM, which reconstructs the execution layer with a higher performance execution architecture. By collaborating with Solana validators and optimizing Solana's performance through hardware acceleration, it earns mining rewards. The profit source for the staking sSOL product, which has an annual percentage rate (APR) of up to 8%, is from staking SOL into protocols or services within the Solana ecosystem, increasing security and generating returns.
The Emerald Card, as the first PayFi product launched by Solayer, raises the question: Is it because Visa cards have become popular in recent years? Clearly, this is not a trend-following operation when considering Solayer's project background.
Traditional crypto projects face a major problem: on-chain assets are too far removed from users' real-life scenarios. Even with high earnings from deposited USDC or SOL, it is still difficult to directly purchase coffee or book flights with these earnings.
What if you had an Emerald Card? Users can directly use USDC for consumption without the need for conversion, supporting Apple Pay and Google Pay, and also allowing global ATM withdrawals. By earning an APR of up to 4% on the yield-bearing stablecoin sUSD, users can accumulate points while using the Emerald Card for purchases and participate in the Nubit Genesis reward program, with early users able to unlock special rewards.
The official documentation clearly states: Points can unlock future token rewards of $LAYER , partner airdrops, exclusive benefits, and participation in beta testing and VIP events.
The secret of the Emerald Card is the unlimited air drop eligibility of Solayer's cooperative projects.
