🧵 Solayer is building a re-staking network on Solana. Currently, it's part of the LSD re-staking module on Solana, and those interested can give it a try.
Recently, there was a relatively important piece of news: Binance Labs invested, which makes it a relatively well-known project.
🐠 Route Interaction:
1️⃣: Log in with a wallet: https://app.solayer.org/dashboard, you can ignore the social features here, it's up to personal preference
2️⃣: Staking various tokens on Solana. I specifically recommend participating in staking SOL tokens. Currently, by staking 10 SOL with an invitation code, you can use a large account to recruit smaller accounts.
🦁 Concept Definition:
1️⃣: Go to the largest lending protocol on Solana, Kamino Finance, lend out your stablecoins, and then borrow SOL (as a conservative strategy).
2️⃣: Directly stake SOL, lend out other JitoSOL, and then stake it into Solayer (as an aggressive strategy).
3️⃣: Use sSOL/SOL to provide liquidity (LP) on the Orca DeFi protocol.
Summary of Participation:
💗 Currently, I am using two methods. I lend stablecoins to borrow SOL (keeping a safe liquidation ratio at 50%), and then I stake a single amount in the Solayer pool.
😊 For the remaining portion, I used half of my sSOL along with SOL to provide liquidity in the Orca pool (currently benefiting from Solayer Boost and Orca Boost).
