What is Solayer?

Solayer is a native redelegation and liquidity staking protocol on the Solana blockchain that allows users to earn rewards by staking SOL assets or Solana-based liquid staking tokens (LST) while supporting various blockchain applications and solutions, such as Marinade’s mSOL, Jito’s JitoSOL, and BlazeStake’s BlazeStake Staked SOL (bSOL). Upon deposit, users will receive sSOL redelegation tokens, which can be delegated to various decentralized applications (DApps) on Solana to support the additional validation process required by these applications, thus ensuring the operation of their consensus mechanism.

The functionality design of Solayer is very similar to EigenLayer, the leading native re-staking and liquidity staking solution on Ethereum. Like EigenLayer, Solayer allows users to earn additional income by reusing staked ETH or LST. Similarly, Solayer also offers users the opportunity to increase their income by reusing staked SOL or specific Solana LST.

How it works

Solayer is an innovative re-staking protocol in the Solana ecosystem, which operates around three core components:

• Restaking Pool Manager

The Re-Stake Pool Manager is one of Solayer’s core components, responsible for receiving SOL or Solana-based liquid staking tokens (LST) deposited by users, and converting these assets into re-staked assets sSOL. After depositing assets, users receive sSOL tokens, which can be further used to support various decentralized applications (DApps) and active verification services (AVS) on Solana.

• Delegation Manager

The role of the delegation manager is to allocate users’ sSOL tokens to different AVSs to ensure that the consensus mechanism of these services can operate normally. Through the delegation manager, users can delegate sSOL to projects such as Sonic Layer 2 Chain, HashKey Cloud infrastructure services, or the Bonk ecosystem. When users delegate sSOL to these services, they will receive packaged SPL tokens as proof of their staking shares. SPL is the primary fungible token standard on Solana, similar to ERC-20 on Ethereum.

• Reward Accounting Unit

The reward accounting unit is an offline module that is responsible for calculating the user’s rewards by accessing the data in the repledge pool manager. These rewards may be used for specific loyalty programs or airdrops in the future.

Solve liquidity problems

In order to improve user experience and solve the liquidity problems in LST adoption, Solayer adopts a single sSOL/SOL pool design, which allows all AVS LST tokens to be instantly unwrapped into the underlying sSOL, thereby significantly reducing price impact and transaction fees. The efficient liquidity integration mechanism enhances the overall user experience, making it more convenient for users to pledge and unpledge. Through the collaborative work of these three core components, Solayer not only provides efficient repledging solutions for users, but also expands the application scenarios of the Solana ecosystem by supporting multiple AVS and DApps.

(Source: docs.solayer.org)

Core Features

1. Decentralized Storage

Solayer’s storage architecture is completely decentralized, with data stored on multiple nodes around the world. This distributed storage method not only effectively prevents data from being tampered with by a single entity, but also improves the reliability and availability of storage.

1. High data privacy

The Solayer platform uses advanced encryption technology to ensure data privacy. Data is encrypted before being stored, and the encryption key is only held by the user. No one can access or modify this data except the user.

1. Flexible pricing model

Unlike traditional cloud storage services, Solayer provides a more flexible pricing model, which determines the required storage capacity and service period based on the actual needs of users. Users can flexibly adjust the storage space according to their actual needs, avoiding excessive waste and unnecessary costs.

1. Open Ecosystem

Solayer is not just a storage platform, but also an open ecosystem where developers can build various applications and services. Solayer provides a simple API interface, allowing developers to integrate their storage solutions into various applications according to their needs, further expanding the platform’s application scope.

Key Technologies

Decentralized security protection

In the Solayer ecosystem, data storage is decentralized, rather than centralized in the hands of a single service provider, so that the overall system operation cannot be threatened by either hacker attacks or server failures. Each storage node is operated by independent users and ensures that the stored data is not tampered with or lost through blockchain technology.

The encryption technology and smart contracts introduced by Solayer ensure high security for data storage and transmission. All data is encrypted before being uploaded to the platform, and the encryption keys are only known to the users. This design greatly enhances the privacy and security of user data, so users don’t have to worry about data being accessed or misused by third parties.

Scalability and efficiency

Solayer’s decentralized architecture not only enhances security, but also brings high scalability. Due to its distributed storage resources around the world, Solayer can quickly adjust service capacity according to user needs. With the growth of users and data volume, the platform’s scalability will not be limited, making Solayer a very suitable solution for large-scale data storage, especially for enterprises and developers who need to deal with massive data.

Token Economics

Solayer’s token economics is designed to provide strong support for the operation of its platform. The LAYER token has multiple uses in the Solayer ecosystem, from storing user data, paying service fees, to participating in platform governance. The LAYER token plays a crucial role throughout the platform.

Token Information

According to SOLSCAN data before the deadline (2/11/2025):

• Token Name: LAYER
• Total Supply: 1,000,000,000
• Token Address: LAYER4xPpTCb3QL8S9u41EAhAX7mhBn8Q6xMTwY2Yzc



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Future Outlook

As a decentralized cloud storage platform, Solayer will continue to develop and expand its ecosystem, attracting more users and developers to participate. With the popularization of blockchain technology and the growth of decentralized applications, Solayer will become an important breakthrough in the field of data storage, providing global users with a more secure, reliable, and efficient storage solution.

Summary

Solayer (LAYER) is changing the landscape of traditional cloud services through its innovative decentralized cloud storage solution. Its strong security, flexible pricing model, and open ecosystem make Solayer an important player in the future of data storage.