Solayer is a restaking protocol on Solana that boosts performance and security for decentralized applications (dApps). It lets you to stake SOL or Liquid Staked SOL (sSOL) to support dApps while earning rewards.
Description
Here’s how it works:
- Restaking Pool Manager: This tool manages SOL deposits and converts them into Solayer tokens. These tokens are then used for staking, allowing you to earn rewards. The system ensures liquidity, speeds up transactions, and reduces slippage.
- Stake-weighted Quality of Service (swQoS): The protocol allocates network resources based on how much stake validators hold. This helps dApps get faster transactions and better access to block space. The more stake a dApp has, the smoother its operations.
- Actively Validated Services (AVSs): AVSs let dApps delegate their stake to top-performing validators. They can also unbond (withdraw) their stake easily, making it more efficient to manage resources and performance.
- Partnerships with Kamino and Orca: By using Kamino or Orca, Solayer users can earn extra rewards. You can provide liquidity or use automated vaults to manage your staked assets more efficiently.
In summary, Solayer makes it easy to stake SOL, secure resources for Solana dApps, and earn rewards while maintaining liquidity.
Team of the Project
Jason Li
Co-founder
Jason Li is a co-founder and engineer at Solayer Labs, specializing in scaling decentralized systems and blockchain infrastructure. With a strong background in computer science from the University of California, Berkeley, he has previously co-founded MPCVault and LoopChat, contributing to innovations in Web3 wallets and high-throughput messaging systems.