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BTC Solayer SOLsSOL

Rank #9697

token

On 228 watchlists

Tags:

Staking

Solana Ecosystem

Rehypothecated Crypto

Solayer SOL Price (sSOL)

$160.83
-0.05%

sSOL Charts Live Data

Solayer is a restaking protocol built natively on Solana. Solayer leverages Solana’s economic security and premium execution as the decentralized cloud infrastructure to enable a higher degree of consensus and blockspace customization for application developers.

This is done with 2 approaches: a) Restaking is the most economical way to secure future distributed systems. Think of it as importing a library to create an economically secure POS efficiently.

b) Solayer restaking has two value propositions: i. Securing exogenous AVSs, which are off-chain applications. ii. Providing stake-weighted Quality of Service (QoS) Infrastructure for on-chain dApps (Endogenous AVSs)

sSOL is a liquid token on Solayer that unlocks a range of DeFi use cases such as liquidity provisioning, collateral, and spot trading.