According to Blockworks, Solayer, a startup building a product similar to EigenLayer on Solana, opened re-staking deposits on Thursday afternoon. The invitation-only deposit period is capped at $20 million. Users can natively re-stake SOL on Solayer, or deposit liquid collateral products mSOL, bSOL, JITOSOL and INF. With the launch of private access, Solayer has become a competitor in building a re-staking ecosystem on the Solana blockchain. Currently, a few Solana re-staking protocols have been launched, with Picasso being the exception, which runs its own version of Solana re-staking. According to confirmation from Solayer core team members to Blockworks, Solayer reached the $20 million cap within 45 minutes of opening withdrawals. Solayer is seeking to raise $8 million at a valuation of $80 million, led by Polychain. However, little information about the company remains known. Solayer said in a blog post that the protocol "has been in progress since the end of 2023." It calls the first deposit period "epoch 0" and that re-staking assets will be locked in the protocol before "epoch 3." In a roadmap released on Wednesday, Solayer said a liquidity restaking token called sSOL will be launched in epoch 6.
