Project Introduction
Solayer is a decentralized application platform based on the Solana blockchain, which aims to leverage the high performance and low transaction fees of the Solana network to provide users with fast, secure transactions and diversified decentralized financial services.
Section
Infrastructure, Layer 1, LSD
Team members
Rachel Chu: Co-founder of Solayer, previously she was a core developer of sushiswap.
· Jason Li: Co-founder of Solayer and also co-founder of MPCVault.
· Ryan Clark: Head of Strategy and Growth at Solayer, formerly Chief Growth Officer at nftperp and also worked at 1kx.
Project Highlights
(1) Staking Infrastructure: Solayer has built staking infrastructure on Solana, launched native SOL staking, and has accumulated $350 million in total locked value (TVL).
(2) sUSD Stablecoin: Solayer launched Solayer USD (sUSD), the first yield-based stablecoin on Solana backed by treasury yields.
(3) InfiniSVM: Solayer is developing InfiniSVM, a next-generation blockchain architecture designed to achieve unprecedented throughput, ultra-low latency, and strong composability. The InfiniSVM architecture leverages Infiniband RDMA to achieve near-microsecond inter-node communication and adopts advanced concurrency control strategies to push blockchain performance to the hardware limit, with a goal of 1 million transactions per second (TPS) and 100Gbps+ network bandwidth.
(4) Re-staking Agreement: Solayer supports SOL holders to pledge their assets to other protocols or DApp services, thereby improving asset utilization and network security.
(5) Endogenous AVS: Solayer focuses on endogenous AVS to provide Solana DApp with larger block space and transaction priority.
Project Financing Information
Solayer has completed two rounds of financing, namely:
On July 2, 2024, the Pre-seed round of financing was completed. The specific financing details were not announced. The main participants included: Anatoly Yakovenko, Sandeep Nailwal, Joseph Delong, Joe Lallouz, Rooter, Richard Wu, etc.
On August 27, 2024, it completed a seed round of financing of US$12 million with US$80 million. The main investment institutions include: Polychain (lead investor), Binance Labs, YZi Labs, Hack VC, Nomad Capital, ABCDE Capital, Maelstrom Capital, Bitscale Capital, Borderless Capital, etc.
Project Token Information
Token name: LAYER
Maximum supply: 1 billion
Initial circulation: 220 million
Distribution ratio: Community and ecosystem account for 51.23%, core contributors account for 17.11%, investors account for 16.66%, and the foundation accounts for 15%
· Airdrop: Solayer has opened airdrop inquiries. Early eligible community members can unlock the Genesis airdrop immediately when it goes online.
Binance HODLer Airdrop: The eighth phase of Binance HODLer Airdrop is Solayer (LAYER), with a total airdrop of 30,000,000 LAYER tokens, accounting for 3% of the total token supply
Project airdrop information
· Airdrop query (not yet available for claiming): http://claim.solayer.foundation
Airdrop time: Solayer officials hinted that the $LAYER token airdrop application has been opened on February 11
Airdrop targets: sSOL and sUSD holders, users who delegate sSOL to AVS, users who deposit sSOL or sUSD into DeFi protocols, users who deposit LST in Solayer, and users who qualify through cooperation and wallet activities
Genesis Airdrop: Early eligible community members can unlock the Genesis Airdrop immediately upon launch
Token distribution: 51.23% for community and ecosystem, including 12% for Genesis airdrop
· Claim method: Solayer has opened airdrop query, and early eligible community members can unlock the Genesis airdrop immediately when it goes online. All cryptocurrency airdrops and rewards can be exchanged for Solayer through Bitget flash exchange, Bitget Swap or spot trading
Comparison of similar projects and price estimates
350 million for public sale, 1.5-2 billion after listing. (Unit price 1.5-2U)