Solayer, a staking network in the Solana ecosystem, has completed a new round of financing with participation from Sandeep Nailwal, the founder of Polygon.

Golden Finance reported that Solayer, a staking network in the Solana ecosystem, has completed a new round of financing. Participants in the investment include Sandeep Nailwal, founder of Polygon, DCF God, Justin Bram, Toly and Bonk, co-founders of Solana Labs, Nom and Joe Lalloz, core contributors of Solend protocol, Rooter, founder of Solayer, and joseph.eth. The specific amount of financing and valuation information have not been disclosed. Solayer will use the new funds to continue building a native staking network and utilize Solana's economic security and execution power to provide decentralized cloud infrastructure.