Solayer

Restaking on Solana: An Overview of Solayer

Solayer is leading the way with a new restaking network on Solana. It’s designed to make the network more scalable and secure, giving users an easy way to stake their assets while supporting decentralized apps. Solayer has raised $12 million in a funding round led by Polychain and Hack VC, with participation from Binance Labs.

Solayer introduces a powerful restaking mechanism that allows users to stake SOL or its LSTs to not only support the Solana network but also enhance bandwidth for decentralized applications (dApps), creating a more efficient and resilient environment. Its marketplace model decentralizes transaction power, enabling a dynamic flow of supply and demand across various applications. Additionally, Solayer provides performance metrics, such as percentile and numerical rankings, which help participants monitor their contributions and standings within the network easily.

Solayer builds upon concepts established by Ethereum’s Eigenlayer, adapting them to the unique environment of Solana. The first phase of Solayer focuses on optimizing network bandwidth, addressing challenges like transaction inclusion rates and spam.

By implementing a stake-weighed Quality-of-Service (QoS) feature, Solayer enhances censorship resistance and ensures liveness across the ecosystem. This integrated design allows users to achieve higher throughput for their dApps without the typical fragmentation associated with appchains.

Solayer Valley

Solayer is also engaging its community through the Solayer Valley, an interactive campaign featuring episodic adventures where participants can claim rewards tied to key milestones.

• Episode 1: The Timebox Sanctuary has concluded, rewarding eligible users with unique benefits based on their engagement with the protocol.
• Episode 2: The second episode is set to launch soon, bringing new opportunities for community members to unlock rewards and participate in Solayer's growing ecosystem. Keep an eye on their announcements.