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News Explorer — Solayer Labs Raises $12 Million to Expand Solana Restaking Network

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Aug 28, 12:30 pm
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Solayer Labs Raises $12 Million to Expand Solana Restaking Network

Solayer Labs, the startup behind Solana-based restaking protocol Solayer, has raised $12 million in a funding round led by Polychain Capital and HackVC. The funding will be used to further build the restaking network on Solana and enhance scalability and security. Solayer aims to combat spam and congestion in the Solana ecosystem and plans to release new features in the coming months.

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