How Solayer works?
* Restaking: Solayer allows users to "re-stake" their SOL tokens or other liquid staking tokens .This means the same staked assets are used to secure not only the Solana mainnet but also other decentralized services and applications on the network.
* Enhanced Security: By using a Shared Validator Network , Solayer distributes the staked assets across various services, which strengthens the overall security of the entire ecosystem. This helps applications avoid having to build their own security from scratch.
* Increased Utility and Yield: When you re-stake your assets with Solayer, you receive sSOL, a liquid utility token. This token can then be used in other DeFi applications to earn additional yield, all while your original SOL tokens continue to secure the network and earn rewards.
In short, Solayer acts as an infrastructure layer that provides a more efficient and secure way to use staked assets, creating a more robust and scalable environment for dApps on Solana. Its native token is LAYER, which is used for governance and other protocol activities.