According to news from CoinWorld, the Solayer re-staking protocol has received support from a non-profit foundation while introducing the LAYER governance token. "We are pleased to announce the establishment of the Solayer Foundation to support our next phase of development. This is an independent non-profit organization dedicated to advancing protocols that promote SVM expansion, the upcoming LAYER token, and the first season's claiming program," Solayer Labs announced on Thursday via the X platform. Solayer is a re-staking protocol based on Solana, inspired by Ethereum's EigenLayer re-staking protocol. Through re-staking, users can lock their staked assets again in other protocols (called Active Validation Service, AVS) to earn additional rewards and maximize returns. According to DeFiLlama data, Solayer is currently the 12th largest protocol on Solana. LAYER is an SPL-2020 token that will initially be used as Solayer's governance token to "accelerate ecosystem growth and protocol development," Solayer Labs stated on Thursday. More details about the utility of LAYER will be announced later this year.