Solayer

Solayer is building the restaking network natively on Solana.

Solayer’s decision to build its restaking network natively on Solana is rooted in both economic and technical considerations. This document outlines the technical advantages that Solana’s infrastructure provides for Shared Validator Networks (SVNs), restaking mechanisms, and decentralized applications.

Trust is central to any ecosystem. However, in a PoS ecosystem, there must be an economically incentivized fair distribution of rewards to validators (or people delegating their tokens to validators). This is typically done in the form of newly minted tokens and requires participants to lock funds with an uncertain risk profile. This issue can be solved by shared security, which involves a decentralised network of validators. Newer networks can then use the existing stake to gain economic guarantees and security.

As such, using Solayer enables its users to be part of this decentralised validator network and further increase the security and decentralisation of the Solana ecosystem.

Users restaking with Solayer will be incentivized in the form of APY, earned by the validator with which they delegated their tokens. Using a re-staking protocol allows to compound the interests earned by

a) Staking SOL to a liquid staking protocol

b) Staking SOL LST to Solayer

a) Read the docs (https://docs.solayer.org/solayer-docs). This may be the most important thing to understand what solayer is about, and how one can interact with it. Then, don’t hesitate to ask any questions on the Solayer Discord server.

b) If you are completely new to Solana. Check our Solayer 101 Academy and start learning from scratch. (Discord - discord.com/invite/solayerlabs)

Codes can be found in the #codes channel on the Discord server. Alternatively, you can get some from friends, or people sharing those on social media (under @solayer_labs posts for instance)

a) On the dApp, click the « Restake » page on the top right corner (on the left of you wallet address)

b) You’ll be able to see directly on the dashboard (under the “Markets” tab your staking status

c) You can also check your deposit/withdrawals history in the “History” tab

Click the « deposit » button on the “Markets” tab on the dashboard. You can then choose how much you want to deposit.

1. You can stake Native Solana tokens. This token will be staked and you’ll receive sSOL-raw token (the Solayer LST) which will be restaked directly. In exchange, you’ll receive sSOL, the Solayer LRT (Liquid Restaked Token)
2. You can also stake LSTs from partner protocols. Currently those include Marinade (mSOL), Jito (JitoSOL), BlazeStake (bSOL) and Sanctum (INF). More will be added as Solayer develops. Each of these tokens issue a specific LRT.
3. We will be adding more assets over time.

a) The Solayer contract ownership is shared with a multisig wallet. Out of 5 key holders, at least 3 confirmations are required to modify protocol-code upgrades. These keys are shared between the core team (2 keys) and 3 community seat holders.

b) Solayer is audited by Ottersec and will conduct two audits per year on all existing contracts.

c) Solayer also encourages its community members, technical hackers and researchers to comprehensively review the contracts and report to the mail address [email protected] or through the proper channels if bugs have been identified.

a) Help may be found within the community in #general-chat. It can come from community members, moderators or team members (if available?)

b) Users may also open #support tickets