[Solana re-pledge protocol Solayer completes $12 million seed round] Golden Finance reported that Solana re-pledge protocol Solayer raised $12 million in a seed round led by Polychain Capital. Other investors in this round include Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE and Arthur Hayes' family office Maelstrom. Co-founder Rachel Chu revealed that the round of financing ended in May and was structured as a simple future equity agreement (SAFE) with token warrants. Chu added that this round of financing brought Solayer's valuation to $80 million. With the new funds in place, Solayer plans to expand the team, integrate new protocols and prepare for the second phase of the platform. The project plans to hire more employees in functional departments such as growth, institutional partners and engineering. Solayer also plans to launch its native token in the future, which Chu said is "under design."
