Solayer, one of Solana's leading restacking applications, has officially announced the decentralization of its protocols.
the Solana-based restacking giant will distribute its own management #token , $LAYER, in Q1.
Official terms have yet to be revealed, but Solayer's Q1 campaign has attracted over 200,000 unique contributors, and the release of $LAYER could be the biggest TGE event in TGE history. What is $BTC Launched by the Solayer Foundation, $LAYER is the native control token for the Solayer betting protocol. Leveraging the universal capabilities of the SPL-2020 token standard, the Solayer Foundation intends to use $LAYER to expand the ecosystem and accelerate the development of the protocol in a decentralized mode.
$LAYER is originally designed as a management token. But the Solayer Foundation expects the token to acquire a wide range of functions and mechanisms in the second half of 2025.
Solayer Foundation, a non-profit organization, is primarily focused on developing a new hardware-centric SVM (Solana Virtual Machine) network. Under the leadership of
independent directors, the Foundation's activities will support cutting-edge research and development of the Solayer network. In addition, $LAYER token holders will have the opportunity to directly influence the Foundation's activities, starting with the creation of the organization and the appointment of directors and officers.
Since its launch in May 2024, Solayer has quickly risen through the ranks to become Solana's leading #DeFi protocol. According to DefiLlama, Solayer has raised over $380 million on TVL, or $1.78 million #SOL in terms of the chain's own assets.
In addition, Solayer is Solana's first fully unlicensed stablecoin, generating $sUSD in revenue.
Solayer's $sSOL and $sUSD, which has raised over $26 million from 36,000 depositors and is fully backed by U. S. Treasury bills, marks an expansion of Solana's protocols into the emerging RWA.
When will airdrop?
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