Solayer, one of the leading restaking protocols on the Solana network, recently announced the launch of its native token, LAYER. The news, which has excited the community, marks an important step in the decentralization of the protocol and promises to shake up the ecosystem as early as the first quarter of 2025.
With the launch of LAYER, the Solayer Foundation seeks to further drive ecosystem growth and decentralize protocol development.
“Solayer was conceived in 2024 with a clear vision: to horizontally scale the Virtual Machine Solana (SVM). To support the next phase of our journey, we are excited to announce the Solayer Foundation, an independent non-profit organization dedicated to advancing protocols that drive SVM scaling, the upcoming LAYER token, and Season 1 staking.” announced.
The arrival of LAYER marks the start of the 2025 Token Generation Event (TGE) calendar for the Solana network, and expectations are high. The Solayer Season 1 campaign attracted over 200 unique depositors. This impressive number suggests that the LAYER airdrop has the potential to be one of the largest of the year, distributing tokens to a wide range of Solana users.
“As we launch the 2025 roadmap, the Foundation will introduce additional mechanisms for the LAYER token,” it said. “The LAYER token distribution will occur in three phases. The first phase will conclude with Solayer Season 1 for all qualified participants and protocol partners. Season 1 focuses on the following categories: Solayer Staking (sSOL, endo, and exo AVS); sUSD Stakeholders; Whitelisted Ecosystem Partners,” it added.
LAYER will be a native governance token built on the SPL-2020 token standard, offering versatility and scalability. It will allow the community to play an active role in making decisions about the future of the protocol, participating in governance and contributing to its development. The Solayer Foundation believes that LAYER will be instrumental in expanding the ecosystem and ensuring sustainable growth in the long term.