As stated by Solayer in the official blog post “Restaking taps into extending Solana as a leading player with monetary and infrastructure premium. Through it, our vision is to enable more distributed systems and workloads being built on top of Solana.”
Solayer, a startup developing a restaking protocol on the Solana (SOL) blockchain, has launched its deposit period.
Available only to select community members on an invites-only basis, the deposit phase allows clients to natively restake SOL and other liquid staking products such as mSOL, bSOL, and INF. Capped at $20M, Solayer’s offering also provides MEV-boosted returns to Solana holders who deposit their SOL tokens in the native staking product.
Restaking involves using staked tokens that secure Proof-of-Stake (PoS) blockchains to secure additional application layers. By staking the tokens a second time, this process enhances network security and utility, creating additional yield opportunities.
Solayer, which aims to build a restaking ecosystem on Solana, termed this initial deposit period "Epoch 0." The restaked assets will remain locked until Epoch 3. A roadmap released by Solayer indicated the future launch of a liquid restaking token called sSOL in Epoch 6. It is worth noting that the duration of each epoch has not been disclosed.
Solayer's entry into the restaking space follows the success of EigenLayer. As one of the most popular protocols in the restaking landscape, EigenLayer has raised over $150M in venture funding and secured more than $14B in total value locked (TVL).
