Solayer Labs has unveiled the Solayer protocol, aimed at horizontally scaling the Solana Virtual Machine (SVM), similar to EigenLayer's function for Ethereum. The protocol introduces the LAYER token, which will be distributed in three phases, starting with a season one claim for eligible participants and protocol partners. Solayer Labs also announced the formation of the Solayer Foundation, a non-profit organization dedicated to advancing research and development for the Solayer Network. Governed by independent directors and influenced by LAYER token holders, the foundation aims to accelerate the scaling of distributed systems.