Seeing Solayer founder lose over $2 million due to LIBRA Will not sit idly by and wait for death Ha ha ha ha This is going to cause trouble It sparked my interest in the Solayer project Solayer is a re staking protocol based on the Solana ecosystem Intended to re pledge SOL and its derivative assets Provide additional security and liquidity support for the Solana ecosystem Solayer allows users to stake SOL and liquid staking tokens (LST) and supports decentralized verification services (AVS) through a re staking mechanism background Solayer was founded by Rachel Chu and Jason Li in 2024 Rachel Chu has participated in the development of Sushiswap and has experience in blockchain and DeFi Jason Li has a background in distributed systems, cryptography, and security technology financing In July 2024, the Pre Seed round of financing will be completed, with investors including Anatoly Yakovenko, co-founder of Solana, and Sandeep Nailwal, co-founder of Polygon In August 2024, the seed round financing led by Polychain Capital was completed, with participation from YZi Labs, Hack VC, and Nomad Capital As of August 2024, the total financing amount is $12 million, with a valuation of $80 million Core functions Re staking Pool Users can deposit SOL or LST and exchange it for sSOL for re pledging. AVS Binding (Delegation Manager) SSOL can be assigned to different AVSs (such as Sonic Layer 2, HashKey cloud services) to provide validation support for Solana ecosystem projects. Profit distribution mechanism Pledgers can receive rewards based on sSOL, and the reward mechanism is determined by AVS requirements and protocol governance. Technical Architecture Re staking layer: SOL and LST staked by users enter the re staking pool and are allocated to different AVSs Verification layer: Re pledged assets provide verification support for AVS, improving network security Profit calculation module: Calculate and allocate the proceeds of re pledging Token Economy Model (Tokenomics) Solayer uses LAYER as its protocol token, with a total supply of 1 billion, mainly used for incentives and governance. Ecosystem: 34.23% Community reward: 14% Community sales: 3% Core contributors: 17.11% (locked for 1 year, linearly released for 3 years) Investor: 16.66% (lock up for 1 year, linear release for 2 years) Foundation: 15% development planning 2025: Plan to launch Solana SVM blockchain InfiniSVM based on hardware acceleration, with the goal of improving transaction throughput Community Growth: As of February 2025, X (formerly Twitter) has reached 168000 followers and continues to increase community activity Solayer as a staking agreement for Solana ecosystem Provide re pledging function for SOL and its derivative assets And support AVS verification service The project has received investments from multiple institutions And plan to expand the technology through InfiniSVM I have some positions in LAYER But in fact, I didn't spend money to buy it I used BNB to earn coins on Binance and deposited some fixed-term/current products It's just a waste of paying for LAYER airdrops Free is still quite good There should be more in the back You can take a look https://www. (binance.com)/zh-CN/bnb By the way, regarding the addition of drop pressure in LAYER The latest token unlocking was on May 11th 3.08% of tokens unlocked 0768700 LAYER 24.7481 million US dollars Coin holders, pay attention