Solayer Restaking Protocol on Solana Accepts Deposits
The Solayer restaking service on the Solana blockchain has begun accepting deposits. The service raised $20 million in its first 45 minutes.
Solayer, a re-staking service similar to EigenLayer, has launched on the Solana (SOL) network. Solayer opened accepting deposits for restaking on Thursday afternoon, May 16th. In the first 45 minutes, the service raised $20 million. Despite the hype, it's worth noting that this is not the first such product for Solana.
At launch, access to Solayer is by invitation only. You can deposit SOL, as well as liquid staking products - mSOL, bSOL, JITOSOL or INF tokens.
Little is known about the team and protocol. In their blog, the team claims that they have been working on the product since 2023. The Solayer roadmap was published on Wednesday, May 15th. According to the map, the current stage of accepting first deposits. Assets for restaking will be blocked until the onset . The liquidity re-staking token sSOL will launch during.
