Solayer is the first Solana-based restaking protocol focused on enhancing security for decentralized applications (dApps) and protocols within the Solana blockchain ecosystem. Through restaking, Solayer aims to mitigate vulnerabilities that applications face while running under the main blockchain’s security umbrella.
Notably, staking in a blockchain network like Solana is essential, as it secures the chain through a consensus mechanism called Proof of Stake (PoS). However, while PoS safeguards the blockchain, applications relying on it can still be susceptible to security threats. Here is where restaking provides a solution. By enabling validators and delegates to stake their Solana tokens specifically to secure dApps, restaking offers enhanced security. In return, participants receive a Return on Investment (ROI) for their contributions, creating a mutually beneficial ecosystem of security and rewards.
How to position for solayer’s potential airdrop.
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Similar to Eigenlayer, the pioneering Ethereum restaking protocol, Solayer plans to launch its native token in the future. For now, it operates as a tokenless network, rewarding users who actively participate on the platform.
To prepare for Solayer rewards, follow these steps:
- Connect Your Wallet: Visit the site here and link your wallet.
- Join the Community: Follow Solayer on Discord and their X (formerly Twitter) handle, and link your social accounts.
- Restake Your $SOL: After linking socials, you’ll be redirected to a page where you can restake your Solana ($SOL).
- Deposit Your Stake: Click “Deposit,” enter the amount, and confirm the transaction in your wallet. (No minimum amount required.)
- Qualify with a 10 SOL Stake: Staking 10 SOL or more grants a permanent invite link, one criterion for Solayer’s Episode 2 rewards (explained below).
- Maximize Rewards: Solayer bases rewards on:
- Your total deposited amount.
- The duration of your stake.
- A higher multiplier for native SOL deposits.
7. After staking, delegate your stake to any available projects. Additionally, increase interactions with DeFi on Orca by adding liquidity to the sSOL/SOL pool.
PS: With these steps, you’re all set to qualify for Solayer Episode 2!
Solayer Episodes are reward rounds aligned with product releases, featuring on-chain badges that accumulate to determine future token allocations. Each episode provides learning opportunities for new users. Follow the steps above to be eligible for Solayer’s Episode 2 badge—be mindful of the time limit.
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