Solayer is a decentralized, non-custodial liquid restaking protocol built on the **Solana** blockchain. In simple terms, it allows users to earn multiple layers of rewards by restaking their SOL and Liquid Staking Tokens (LSTs, like mSOL or jitoSOL) to help secure other networks and applications (called Actively Validated Services or AVSs), all while maintaining liquidity.
1. Built on Solana
Unlike most restaking protocols that exist on Ethereum (e.g., EigenLayer), Solayer is native to the Solana ecosystem. This means it's designed for speed, low transaction costs, and leverages Solana's high-performance infrastructure.
2. Liquid Staking Tokens (LSTs)
These are tokens you receive when you stake your SOL with a liquid staking provider (like Marinade Finance, Jito, or SolBlaze). For example, when you stake SOL with Marinade, you get **mSOL**. These LSTs represent your staked SOL and its staking rewards, and they can be used elsewhere in DeFi while still earning staking yield.
3. Restaking
This is the core innovation. Restaking takes an already staked asset (like an LST) and "restakes" it to provide security (economic trust) for other services beyond the base Solana network. These services could be:
* **Data Availability Layers**
* **Oracle Networks**
* **Bridges** connecting different blockchains
* **New L2s or Sidechains**
By restaking, users help these services become more secure and decentralized.
4. Liquid Restaking Tokens (LRTs)
This is Solayer's main product. When you deposit your LSTs (e.g., mSOL, jitoSOL, bSOL) into Solayer, you receive a **Liquid Restaking Token (LRT)** called **layerSOL**.
LayerSOL represents your restaked position and accumulates all the rewards from both the base Solana staking *and* the additional rewards from the AVSs you are securing.
@Solayer #BuildOnLayer #layer