Solayer
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Information about Solayer (LAYER)
Solayer is a native restaking and liquid restaking protocol on Solana that allows users to use their SOL funds or some Solana-based LSTs to earn yield by securing a variety of AVS and associated solutions on the blockchain.
The project successfully raised $12 million in a recent funding round led by Polychain Capital with participation from Nomad Capital, Hack VC, and Race Capital. Solayer is currently the 10th largest protocol on Solana with over $348.95 million in TVL, according to DefiLlama.
Solayer key features:
- sSOL: Solayer’s restaking token issued upon depositing SOL or LSTs. sSOL is used for restaking by delegating to participating DApps.
- Endogenous AVS: A diverse range of protocols and services in the Solana network that require validation processes.
- sUSD: A real-world asset (RWA)–backed synthetic stablecoin. sUSD is a yield-bearing and secure stablecoin backed by U.S. Treasury Bills and pegged to the U.S. dollar.
- InfiniSVM: A blockchain network developed by Solayer, designed to process 1 million transactions per second (TPS) with network bandwidth exceeding 100 Gbps.
LAYER is a native coin of the Solayer ecosystem, operating on Solana according to SPL standard, and can be used to:
- Participate in the governance process
- Incentivize ecosystem
- Participate in staking
- Pay gas fees in the Solayer Network
Specifications
- Name: Solayer
- Symbol: LAYER
- Platform: Solana
- Standard: SPL
- Type: Utility, Governance
- Smart Contract Address: LAYER4xPpTCb3QL8S9u41EAhAX7mhBn8Q6xMTwY2Yzc
- Total supply: 1,000,000,000 LAYER
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