Solayer is a pioneering restaking and liquid restaking protocol built natively on the Solana blockchain. It allows users to maximize the utility of their staked SOL and Liquid Staking Tokens (LSTs) by enabling them to earn additional rewards.
đ What Is Solayer?
Solayer enhances Solana's security and scalability by allowing users to "restake" their staked assets. This means that SOL and LST holders can delegate their tokens to secure decentralized applications (dApps) and Actively Validated Services (AVSs) beyond the base layer. In return, they earn rewards from multiple sources without needing to unstake or move capital.
The protocol's native restaking token, sSOL, represents restaked SOL or LSTs and remains liquid, enabling users to participate in DeFi activities while earning rewards.
đ Recent Milestones
$331 Million TVL: Solayer's restaking protocol has surpassed $331 million in Total Value Locked (TVL), reflecting growing trust and participation in its innovative approach to enhancing Solana's security and scalability.
Mainnet Launch: In August 2024, Solayer officially launched its Solana Restaking Protocol on the mainnet, introducing its endogenous Active Validator System (AVS) standard to address network congestion issues.
đ ď¸ Key Features
Restaking Mechanism: Users can restake their SOL or LSTs to secure additional services like oracles, bridges, and execution layers, enhancing the overall security of the Solana ecosystem.
Shared Validator Network: Solayer offers a Shared Validator Network (SVN) that allows decentralized applications to tap into a large, decentralized validator set, simplifying the process for developers and enhancing security.
sSOL Token: The sSOL token represents restaked SOL or LSTs and can be used across DeFi protocols, adding another layer of utility for users.
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đŽ Looking Ahead
Solayer's innovative approach to restaking is poised to play a significant role in the evolution of the Solana ecosystem. By enabling users to maximize the utility of their staked assets and supporting the security of a wide range of decentralized services, Solayer is contributing to the development of a more robust and scalable
blockchain infrastructure.
