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Solayer Mainnet Launches Solana Ecological Re-pledge Standard

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2024-08-15 02:14:46
Solayer announced the launch of the Restaking endogenous AVS standard on the Solana mainnet.
Solayer's unique advantage is to leverage Solana's staking weight QoS to create a decentralized cloud marketplace on top of it. Participants can obtain sSOL by staking SOL, and then delegate the sSOL to selected e-AVS, resulting in native staking revenue (8.12%), MEV boost, and AVS revenue.
Solayer also released the v1 power builder package, which allows developers to interact directly with core functionality. The project has been audited by Halborn Security and plans to introduce additional features, including an in-contract fee module and permissionless AVS management.
Launched on May 21, Solayer now has a total lock-up value (TVL) of more than $160 million. The project aims to solve Solana network congestion through restaking, providing Solana applications and systems with reserved localized internet bandwidth for on-demand block space and throughput. Projects such as Bonk, Alt Layer, HashKey Cloud, and Sonic are among the first to join the endogenous AVS.
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