Solayer Coin - Why should you invest?
Solayer (LAYER), a restaking protocol on the Solana blockchain.
* Main function: Solayer allows users to restake their SOL tokens to receive double rewards and increase liquidity. Users will receive sSOL tokens representing their staked assets, which can be used in other DeFi applications.
* Strengths:
* Strategic position: This protocol is part of the rapidly growing Solana ecosystem.
* Credible support: Backed by major investment funds like Binance Labs.
* Practical utility: LAYER tokens are used to pay fees, participate in governance, and contribute to the network.
* Growth potential: If Solayer becomes a core infrastructure layer, the value of the token may increase in the long term.
* Risks:
* High price volatility: Like other crypto assets.
* Competition: This protocol may face new competitors.
* Technical risks: Potential security flaws or technical issues.
* Sell pressure: Token unlocking may exert pressure on the price.
