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News Explorer — Solana Restaking Protocol Solayer Reaches $20 Million Deposit Cap in 45 Minutes

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May 16, 8:46 pm
Blockworks

Solana Restaking Protocol Solayer Reaches $20 Million Deposit Cap in 45 Minutes

Solayer, a startup building a restaking protocol on the Solana blockchain, reached its $20 million deposit cap within 45 minutes of opening withdrawals. The protocol allows users to restake SOL or deposit other liquid staking products. Solayer aims to raise $8 million in funding and plans to launch a liquid restaking token called sSOL in the future.

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