Solaire, Independent Foundation Established This Year… Governance Token LAYER Launched

Solayer (LAYER) announced on the 3rd the establishment of the Solayer Foundation and the launch plan for the governance token LAYER.

Solayer aims to accelerate innovation through an independent non-profit foundation to expand the Solana (SOL) virtual machine (SVM) this year. The Solayer Foundation will make decisions under the management of an independent board of directors based on the participation of LAYER token holders.



LAYER is a governance token designed to the SPL-2020 standard. It plays a key role in decision-making in the Solayer restaking platform, and additional mechanisms will be unveiled along with the 2025 roadmap announcement.

The launch of LAYER is divided into three stages. The first stage, 'Season 1', is targeted at △sSOL staking users △sUSD users △whitelist ecosystem partners. It will be distributed based on staking period and participation level, and additional rewards will be provided through referral points. Eligible users can receive the tokens after checking the notification on the Solayer dashboard and agreeing to the terms.

Last May, Solayer introduced a restaking standard to strengthen the throughput of Solana-based applications. As a result, Solayer recorded △over $350 million in restaking assets △more than 190,000 unique depositors △a maximum native staking APY of over 12%.

In particular, Solayer drew attention by introducing the permissionless yield-bearing stablecoin sUSD, which is backed by assets such as US Treasury bonds. sUSD has become the fastest-growing real-world asset (RWA) protocol in the Solana ecosystem. Based on this, Solayer has also built a 'Solayer Savings Account' where depositing, storing, earning, and spending are possible.

Reporter Kim Jeong-woo

woo@decenter.kr