Solayer, a restaking protocol in the Solana ecosystem, leverages decentralized cloud infrastructure to provide users with the opportunity to restake for profits. Through Endogenous AVS, it offers Solana applications greater block volume and priority trading capabilities.
As the market gradually recovers, the Sanctum launch has taken place, although it did not meet expectations. With a large amount of capital "unlocked," what will be the next standout project in the Solana ecosystem to attract significant capital?
Solayer, a new star in the staking landscape of Solana, announced the completion of its funding round on July 2, with a strong team of investors. As of July 15, the total value locked (TVL) on its platform has exceeded 120 million dollars.
With the anticipation of airdrops, can Solayer attract more investment? How can one participate in this project? This article provides a quick overview of this promising new re-staking project on Solana.
What is Solayer?
@solayer_labs is a restaking protocol in the Solana ecosystem. Leveraging the advantages of decentralized cloud infrastructure, it allows SOL holders to stake their assets into other protocols or DApp services in the Solana ecosystem that require security and trust. In addition to POS staking rewards, users can also earn MEV and AVS rewards. Currently, Solayer supports the deposit of native SOL, mSOL, JitoSOL, and other assets.
Solayer uses Solana contributors as validators, providing a high level of decentralization and security, thereby avoiding trust risks related to centralized service providers or proprietary tokens. It provides decentralized applications (DApp) with a simple way to create their own AVS LST (Liquid Staking Tokens).
These tokens provide basic rewards from the primary profits of Solana, along with additional MEV rewards. DApps can also earn a share of the staking commissions and in the future, configure the basic operators for staking delegation.
The role of Solayer can be summarized in a simpler and more intuitive way. Imagine Solana as a highway with different lanes that have varying fees and congestion levels. Different decentralized applications, like cars, require different speeds and can accept different fees. Solayer is the coordinator, managing the cars, highways, and collecting fees by accepting user funds.
Fund Status
Solayer currently does not have institutional investors. However, the investors in its building round announced on July 2 are very strong, including Anatoly Yakovenko, co-founder of Solana Labs, Rooter, founder of Solend, co-founder of Tensor Richard Wu, and Sandeep Nailwal, co-founder of Polygon.
EigenLayer on Solana: external AVS vs. native AVS
As the EigenLayer version of Solana, the main functional difference lies in the focus of the recovery system. The reuse of EigenLayer primarily targets the scalability solutions of Ethereum. However, Solana, being an integrated blockchain, does not rely on Layer 2 solutions like modular Ethereum. Therefore, its recovery system needs to focus more on applications.
Solayer is not only used for Exogenous AVS (Exogenous - Actively Verified Service) but also focuses on Endogenous AVS (Endogenous - Actively Verified Service) in the Solana chain. The goal is to provide decentralized applications (DApps) on the Solana chain with larger block space and prioritized transaction capabilities.
Solayer redefines the restaking design of EigenLayer into Exogenous Actively Validated Services (AVS). These systems are placed outside the Ethereum main chain but can still leverage Ethereum's security based on class validation.
Exogenous AVS is defined as systems that exist outside of the chain or outside of the main network but can share proof-of-stake security, such as cross-chain bridges, shared pools, reporting networks, etc.
Solayer redefines restaking for Solana, addressing the security and performance needs of developers, especially as congestion on the base L1 network increases. It introduces Endogenous AVS: a native Solana program that uses SOL PoS to configure security and application throughput. Endogenous AVS is defined as supporting decentralized applications (DApps) on the mainnet, aiming to provide DApps with assurance of greater block space and prioritize transaction inclusion.
The non-binding process of Solayer AVS is managed separately by the team leader. To provide greater flexibility, Solayer allows them to design their own non-binding processes, with a maximum non-binding time of no more than 2 days. Solayer will also provide an emergency exit mechanism to release the bound assets from users in the event that the AVS ceases operation.
As the market gradually recovers, the release of Sanctum has taken place, although it did not meet expectations. With a large amount of capital "unlocked," what will be the next standout project in the Solana ecosystem to attract significant capital flow?
Solayer, a new star in the staking landscape of Solana, announced the completion of its funding round on July 2nd, with a strong team of investors. By July 15th, the total value locked (TVL) on its platform exceeded $120 million. With the anticipation of airdrops, can Solayer attract more investment? How to get involved in this project? This article provides a quick overview of this promising new staking project on Solana.
Source:
What is Solayer?
Solayer is a restaking protocol in the Solana ecosystem. Leveraging the advantages of decentralized cloud infrastructure, it allows SOL holders to stake their assets into other protocols or DApp services within the Solana ecosystem that require security and trust. In addition to POS staking rewards, users can also earn MEV and AVS rewards. Currently, Solayer supports the deposit of native SOL, mSOL, JitoSOL, and other assets.
Solayer uses Solana contributors as validators, providing a high level of decentralization and security, thus avoiding the trust risks associated with centralized service providers or proprietary tokens. It offers decentralized applications (DApp) a simple way to create their own AVS LST (Liquid Staking Tokens). These tokens offer basic rewards from Solana's primary profits, along with additional MEV rewards. DApps can also earn a share of the staking commission and in the future, configure the basic operators for staking delegation.
Source:
The role of Solayer can be summarized in a simpler and more intuitive way. Imagine Solana as a highway with different lanes having different fees and congestion levels. Different decentralized applications, like vehicles, require different speeds and can accept different fees. Solayer is the coordinator, managing the vehicles, the highway, and collecting fees by accepting user funds.
Source:
Fund Status
Solayer currently does not have institutional investors. However, the investors in its funding round announced on July 2nd are very strong, including Anatoly Yakovenko, co-founder of Solana Labs, Rooter, founder of Solend, co-founder of Tensor Richard Wu, and Sandeep Nailwal, co-founder of Polygon.
Source:
EigenLayer on Solana: external AVS vs. native AVS
As the EigenLayer version of Solana, the main functional difference lies in the focus of the recovery system. The reuse of EigenLayer is primarily aimed at Ethereum's scaling solutions. However, Solana, as an integrated blockchain, does not rely on Layer 2 solutions like modular Ethereum. Therefore, its recovery system needs to focus more on applications.
Solayer is not only used for Exogenous AVS (Exogenous - Actively Verified Services) but also focuses on Endogenous AVS (Endogenous - Actively Verified Services) on the Solana chain. The goal is to provide decentralized applications (DApps) on the Solana chain with a larger block space and prioritized transaction capabilities.
Solayer redefines the restaking design of EigenLayer into Exogenous Actively Validated Services (AVS). These systems are placed outside the Ethereum main chain but can still leverage the security of Ethereum based on tiered validation.
Exogenous AVS is defined as systems that are off-chain or outside the main network but can share proof-of-stake security, such as bridges between chains, shared aggregators, reporting networks, etc.
Source:
Solayer redefines restaking for Solana, addressing the security and performance needs of developers, especially as congestion on the underlying L1 network increases. It introduces Endogenous AVS: a native Solana program that utilizes SOL PoS to configure application security and throughput. Endogenous AVS is defined as supporting decentralized applications (DApps) on the mainnet, aiming to provide DApps with assurance of larger block space and prioritizing transaction inclusion.
Source:
The non-binding process of Solayer AVS is managed separately by the team manager. To provide greater flexibility, Solayer allows them to design their own non-binding processes, with a maximum non-binding time of no more than 2 days. Solayer will also provide an emergency exit mechanism to release bound assets from users in case AVS becomes inactive.
How to Restake on Solayer?
Solayer Labs is developing a multi-phase scoring program that prioritizes rewarding early participants. The earliest depositors ( and early supporters on the whitelist ) will have 24 hours to deposit any amount, benefiting from the higher point multiplier effect. The first phase starts on May 27, with a total locked value limit of (TVL) set at $50 million for cycle 1, achieved by June 15.
During this time, sending more than 10 SOL has unlocked a permanent invite code, allowing access to the task interface. Complete more than three tasks, similar to other projects like inviting friends, sending LST, and maintaining deposits through two phases, to earn higher points. Currently, in the third phase, there is no TVL limit and deposits can be made at any time. Native SOL deposits earn more points than other tokens.
Security and the Future of Resetting
Restaking projects, arising from liquid staking, can utilize inactive staked assets to generate additional yields, expanding the base layer security for Ethereum. However, the necessity of restaking for Solana is still widely debated. According to Ryan Connor from Blockworks Research, Ethereum is a "modular" blockchain based on Layer 2 activities. Its large staked assets make restaking very feasible. In contrast, Solana is an "integrated" blockchain that has a much smaller demand for restaking compared to Ethereum and other modular systems.
Additionally, the inherent risks of restaking protocols, such as recursive staking (commonly referred to as 'protocol cage') and security issues, lead to many users' concerns. These concerns include a lack of trust in protocols, fear of being attacked by hackers, and potential vulnerabilities - considered as ticking time bombs. Despite these concerns, Solayer remains notable as the restaking protocol with the highest TVL (Total Value Locked) on Solana. $LAYER #BuiltonSolayer
{spot}(LAYERUSDT)
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A Quick Look at Solayer: The Potential Restaking Project of Solana
Solayer, a restaking protocol in the Solana ecosystem, leverages decentralized cloud infrastructure to provide users with the opportunity to restake for profits. Through Endogenous AVS, it offers Solana applications greater block volume and priority trading capabilities. As the market gradually recovers, the Sanctum launch has taken place, although it did not meet expectations. With a large amount of capital "unlocked," what will be the next standout project in the Solana ecosystem to attract significant capital? Solayer, a new star in the staking landscape of Solana, announced the completion of its funding round on July 2, with a strong team of investors. As of July 15, the total value locked (TVL) on its platform has exceeded 120 million dollars. With the anticipation of airdrops, can Solayer attract more investment? How can one participate in this project? This article provides a quick overview of this promising new re-staking project on Solana.
What is Solayer? @solayer_labs is a restaking protocol in the Solana ecosystem. Leveraging the advantages of decentralized cloud infrastructure, it allows SOL holders to stake their assets into other protocols or DApp services in the Solana ecosystem that require security and trust. In addition to POS staking rewards, users can also earn MEV and AVS rewards. Currently, Solayer supports the deposit of native SOL, mSOL, JitoSOL, and other assets. Solayer uses Solana contributors as validators, providing a high level of decentralization and security, thereby avoiding trust risks related to centralized service providers or proprietary tokens. It provides decentralized applications (DApp) with a simple way to create their own AVS LST (Liquid Staking Tokens). These tokens provide basic rewards from the primary profits of Solana, along with additional MEV rewards. DApps can also earn a share of the staking commissions and in the future, configure the basic operators for staking delegation.
The role of Solayer can be summarized in a simpler and more intuitive way. Imagine Solana as a highway with different lanes that have varying fees and congestion levels. Different decentralized applications, like cars, require different speeds and can accept different fees. Solayer is the coordinator, managing the cars, highways, and collecting fees by accepting user funds.
Fund Status Solayer currently does not have institutional investors. However, the investors in its building round announced on July 2 are very strong, including Anatoly Yakovenko, co-founder of Solana Labs, Rooter, founder of Solend, co-founder of Tensor Richard Wu, and Sandeep Nailwal, co-founder of Polygon.
EigenLayer on Solana: external AVS vs. native AVS As the EigenLayer version of Solana, the main functional difference lies in the focus of the recovery system. The reuse of EigenLayer primarily targets the scalability solutions of Ethereum. However, Solana, being an integrated blockchain, does not rely on Layer 2 solutions like modular Ethereum. Therefore, its recovery system needs to focus more on applications. Solayer is not only used for Exogenous AVS (Exogenous - Actively Verified Service) but also focuses on Endogenous AVS (Endogenous - Actively Verified Service) in the Solana chain. The goal is to provide decentralized applications (DApps) on the Solana chain with larger block space and prioritized transaction capabilities. Solayer redefines the restaking design of EigenLayer into Exogenous Actively Validated Services (AVS). These systems are placed outside the Ethereum main chain but can still leverage Ethereum's security based on class validation. Exogenous AVS is defined as systems that exist outside of the chain or outside of the main network but can share proof-of-stake security, such as cross-chain bridges, shared pools, reporting networks, etc.
Solayer redefines restaking for Solana, addressing the security and performance needs of developers, especially as congestion on the base L1 network increases. It introduces Endogenous AVS: a native Solana program that uses SOL PoS to configure security and application throughput. Endogenous AVS is defined as supporting decentralized applications (DApps) on the mainnet, aiming to provide DApps with assurance of greater block space and prioritize transaction inclusion.
The non-binding process of Solayer AVS is managed separately by the team leader. To provide greater flexibility, Solayer allows them to design their own non-binding processes, with a maximum non-binding time of no more than 2 days. Solayer will also provide an emergency exit mechanism to release the bound assets from users in the event that the AVS ceases operation. As the market gradually recovers, the release of Sanctum has taken place, although it did not meet expectations. With a large amount of capital "unlocked," what will be the next standout project in the Solana ecosystem to attract significant capital flow? Solayer, a new star in the staking landscape of Solana, announced the completion of its funding round on July 2nd, with a strong team of investors. By July 15th, the total value locked (TVL) on its platform exceeded $120 million. With the anticipation of airdrops, can Solayer attract more investment? How to get involved in this project? This article provides a quick overview of this promising new staking project on Solana.
Source: What is Solayer? Solayer is a restaking protocol in the Solana ecosystem. Leveraging the advantages of decentralized cloud infrastructure, it allows SOL holders to stake their assets into other protocols or DApp services within the Solana ecosystem that require security and trust. In addition to POS staking rewards, users can also earn MEV and AVS rewards. Currently, Solayer supports the deposit of native SOL, mSOL, JitoSOL, and other assets. Solayer uses Solana contributors as validators, providing a high level of decentralization and security, thus avoiding the trust risks associated with centralized service providers or proprietary tokens. It offers decentralized applications (DApp) a simple way to create their own AVS LST (Liquid Staking Tokens). These tokens offer basic rewards from Solana's primary profits, along with additional MEV rewards. DApps can also earn a share of the staking commission and in the future, configure the basic operators for staking delegation.
Source: The role of Solayer can be summarized in a simpler and more intuitive way. Imagine Solana as a highway with different lanes having different fees and congestion levels. Different decentralized applications, like vehicles, require different speeds and can accept different fees. Solayer is the coordinator, managing the vehicles, the highway, and collecting fees by accepting user funds.
Source: Fund Status Solayer currently does not have institutional investors. However, the investors in its funding round announced on July 2nd are very strong, including Anatoly Yakovenko, co-founder of Solana Labs, Rooter, founder of Solend, co-founder of Tensor Richard Wu, and Sandeep Nailwal, co-founder of Polygon.
Source: EigenLayer on Solana: external AVS vs. native AVS As the EigenLayer version of Solana, the main functional difference lies in the focus of the recovery system. The reuse of EigenLayer is primarily aimed at Ethereum's scaling solutions. However, Solana, as an integrated blockchain, does not rely on Layer 2 solutions like modular Ethereum. Therefore, its recovery system needs to focus more on applications. Solayer is not only used for Exogenous AVS (Exogenous - Actively Verified Services) but also focuses on Endogenous AVS (Endogenous - Actively Verified Services) on the Solana chain. The goal is to provide decentralized applications (DApps) on the Solana chain with a larger block space and prioritized transaction capabilities. Solayer redefines the restaking design of EigenLayer into Exogenous Actively Validated Services (AVS). These systems are placed outside the Ethereum main chain but can still leverage the security of Ethereum based on tiered validation. Exogenous AVS is defined as systems that are off-chain or outside the main network but can share proof-of-stake security, such as bridges between chains, shared aggregators, reporting networks, etc.
Source: Solayer redefines restaking for Solana, addressing the security and performance needs of developers, especially as congestion on the underlying L1 network increases. It introduces Endogenous AVS: a native Solana program that utilizes SOL PoS to configure application security and throughput. Endogenous AVS is defined as supporting decentralized applications (DApps) on the mainnet, aiming to provide DApps with assurance of larger block space and prioritizing transaction inclusion.
Source: The non-binding process of Solayer AVS is managed separately by the team manager. To provide greater flexibility, Solayer allows them to design their own non-binding processes, with a maximum non-binding time of no more than 2 days. Solayer will also provide an emergency exit mechanism to release bound assets from users in case AVS becomes inactive. How to Restake on Solayer? Solayer Labs is developing a multi-phase scoring program that prioritizes rewarding early participants. The earliest depositors ( and early supporters on the whitelist ) will have 24 hours to deposit any amount, benefiting from the higher point multiplier effect. The first phase starts on May 27, with a total locked value limit of (TVL) set at $50 million for cycle 1, achieved by June 15. During this time, sending more than 10 SOL has unlocked a permanent invite code, allowing access to the task interface. Complete more than three tasks, similar to other projects like inviting friends, sending LST, and maintaining deposits through two phases, to earn higher points. Currently, in the third phase, there is no TVL limit and deposits can be made at any time. Native SOL deposits earn more points than other tokens.
Security and the Future of Resetting Restaking projects, arising from liquid staking, can utilize inactive staked assets to generate additional yields, expanding the base layer security for Ethereum. However, the necessity of restaking for Solana is still widely debated. According to Ryan Connor from Blockworks Research, Ethereum is a "modular" blockchain based on Layer 2 activities. Its large staked assets make restaking very feasible. In contrast, Solana is an "integrated" blockchain that has a much smaller demand for restaking compared to Ethereum and other modular systems. Additionally, the inherent risks of restaking protocols, such as recursive staking (commonly referred to as 'protocol cage') and security issues, lead to many users' concerns. These concerns include a lack of trust in protocols, fear of being attacked by hackers, and potential vulnerabilities - considered as ticking time bombs. Despite these concerns, Solayer remains notable as the restaking protocol with the highest TVL (Total Value Locked) on Solana. $LAYER #BuiltonSolayer {spot}(LAYERUSDT)