Solayer Listing Details: Launch Dates, Price Prediction, and How to Buy $LAYER

Solayer (LAYER) listing is around the corner! Exciting news for cryptocurrency enthusiasts! LAYER, a native restaking and liquid restaking service for the Solana (SOL) blockchain, is officially launching on exchanges.

Starting February 11th, 2025, users can trade LAYER under the trading pair LAYER/USDT. This marks a significant milestone for the LAYER community and opens up new opportunities for traders worldwide.

Solayer (LAYER) Announces Tokenomics: Over 50% for Community and Ecosystem

On February 7th, 2025, Solayer officially unveiled the tokenomics for its native token, LAYER, marking a significant step towards its launch. With a maximum supply of 1 billion tokens and an initial circulating supply of 220 million, LAYER's distribution strategy focuses on fostering a strong and vibrant community. Here's a breakdown of the LAYER token allocation:

• Community and ecosystem (51.23%): This substantial portion is dedicated to fueling Solayer's growth and empowers users. It includes 34.23% for R&D (developer programs, ecosystem expansion, and user activities); 14% for community events and incentives (including the 12% Genesis Drop for early adopters); and 3% for the Emerald Card community sale.

• Core contributors (17.11%): Allocated to the core team and advisors who have been instrumental in developing and guiding the Solayer project.

• Investors (16.66%): Reserved for investors who have provided capital to support Solayer's growth and development.

• Solayer foundation (15%): Dedicated to the Solayer Foundation, this portion will drive the platform's expansion and network growth.

What is Solayer (LAYER)?

Solayer (LAYER) is the first native restaking and liquid restaking protocol on the Solana blockchain. It empowers users to maximize the utility of their staked SOL and select Solana-based Liquid Staking Tokens (LSTs) by enabling them to earn additional yield.  Essentially, the project lets users "restake" their staked assets to earn more rewards.

Key features

• sSOL: This is the project's restaking token. When users deposit SOL or eligible LSTs, they receive sSOL, which can then be used to secure various Solana-based dApps that require enhanced validation. sSOL can also be utilized in various DeFi strategies, offering flexibility beyond just AVS participation.

• Endogenous AVS: Solayer (LAYER) focuses on "endogenous" AVS, meaning these are services and protocols native to the Solana network. These include Solana Layer 2 blockchains, decentralized cloud infrastructure providers on Solana, and native Solana dApps.

• sUSD: Beyond restaking, Solayer has introduced sUSD, a real-world asset (RWA)-backed synthetic stablecoin. sUSD is pegged to the U.S. dollar and offers yield-bearing opportunities tied to the U.S. Treasury Bills, making it a unique offering within the Solana stablecoin landscape.

Launched on the Solana mainnet in August 2024 by Solana co-founders Anatoly Yakovenko and Raj Gokal, Solayer has quickly gained traction, demonstrating the growing demand for restaking solutions within the Solana ecosystem.

Solayer (LAYER) Listing Details

1. Key Listing Information

Here are the important details about the Solayer (LAYER) listing:

• Exchange: To be announced

• Trading Pair: LAYER/USDT.

• Deposit Available: February 11th, 2025.

• Trading Start: February 11th, 2025.

• Withdrawal Available: February 11th, 2025.

Don’t miss your chance to start trading Solayer (LAYER) on exchanges and be part of this groundbreaking journey.

* Please refer to the official announcement for the most accurate schedule.

 

Solayer (LAYER) Price Prediction: After Listing

The listing of Solayer (LAYER) on exchanges is anticipated to bring heightened trading activity and increased visibility. Market experts suggest that Solayer (LAYER) could achieve a price range of $0.80 - $1.00 shortly after the listing, driven by a combination of factors including current market sentiment and the project's underlying potential. As always, market participants should conduct thorough research and stay informed about market trends.

How to Buy Solayer (LAYER) on Bitget Wallet? 

Trading Solayer (LAYER) is easy on Bitget Wallet. Follow these simple steps to get started:

Step 1: Create an Account

If you don't have an account, download the Bitget Wallet app. Sign up by providing the necessary information and verifying your identity.

Step 2: Deposit Funds

Once your account is set up, you need to deposit funds. You can do this by:

• Transferring Cryptocurrency: Send crypto from another wallet.

• Buying Crypto: Use a credit or debit card to purchase crypto directly on Bitget Wallet, ensuring you have enough funds for trading Solayer (LAYER).

Step 3: Find Solayer (LAYER)

In the Bitget Wallet interface, navigate to the market section. Use the search bar to find Solayer (LAYER). Click on the token to view its trading page.

Since this token has not been listed yet, please refer to the final contract address provided by the project team after the token is officially listed.

Step 4: Choose Your Trading Pair

Select the trading pair you wish to use, such as LAYER/USDT. This will allow you to trade Solayer (LAYER) against USDT or another cryptocurrency.

Step 5: Place Your Order

Decide whether you want to place a market order (buy/sell at the current market price) or a limit order (set your own price). Enter the amount of Solayer (LAYER) you wish to buy or sell, then confirm your order.

Step 6: Monitor Your Trade

After placing your order, you can monitor its status in the “Open Orders” section. Once the order is executed, you can check your balance to see your newly acquired Solayer (LAYER).

Step 7: Withdraw Your Funds (Optional)

If you wish to transfer your Solayer (LAYER) or any other cryptocurrency to another wallet, navigate to the withdrawal section, enter your wallet address, and confirm the transaction.

How Does Solayer (LAYER) Work?

The operation of Solayer (LAYER) is based on its core functionalities related to restaking, delegation, and rewards.

1. Restaking pool manager
   This component handles the initial deposits of SOL or LSTs, converting them into sSOL, Solayer's restaking token. It acts as the gateway for users to participate in restaking.

2. Delegation manager
   This component facilitates the delegation of sSOL to various Solana-based Actively Validated Services (AVS), enabling users to secure these services and earn additional yield. It connects sSOL holders with opportunities to contribute to the Solana ecosystem.

3. Rewards accounting unit
   This offline module calculates and manages rewards for users based on their participation in the restaking pool and delegation process. It tracks contributions and ensures fair distribution of earned yield.

By integrating innovative tokenomics and focusing on endogenous AVS within the Solana ecosystem, Solayer (LAYER) aims to become a sustainable and influential project.

Solayer (LAYER)’s Team, Vision, and Partnerships

The Team

Solayer (LAYER) is developed by Solayer Labs, a team with expertise and experience in blockchain infrastructure and decentralized finance. The team aims to establish Solayer (LAYER) as a leading platform for scaling the Solana Virtual Machine (SVM) and building a comprehensive suite of integrated products.

The Vision

Solayer (LAYER)'s vision centers on infinitely scaling the SVM through innovative solutions like InfiniSVM, which aims to achieve 1 million transactions per second. The project aspires to build a sustainable ecosystem encompassing infrastructure and a vertical product stack, including sSOL, sUSD, and the Emerald Card, with LAYER as the connecting token.

Partnerships

Solayer Labs has secured backing from notable investors, including Polychain Capital, Binance Labs, and Solana co-founder Anatoly Yakovenko. These partnerships contribute to strengthening the ecosystem and expanding Solayer's reach within the blockchain and DeFi sectors. The platform also collaborates with blue-chip AVS partners to enhance internal Solana applications.

Use Cases of Solayer (LAYER)

Solayer (LAYER) serves a variety of purposes, including:

1. Governance: LAYER holders can participate in decentralized governance, voting on proposals related to protocol upgrades, resource allocation, and ecosystem development.

2. Restaking incentives: LAYER rewards incentivize users to restake SOL or LSTs, supporting AVS and enhancing network security and scalability.

3. Network security: Validators and delegators use LAYER to secure the Solayer Shared Validator Network (SVN), ensuring transaction reliability and stability.

4. Ecosystem utility: LAYER facilitates liquidity and utility within the Solayer ecosystem, supporting interactions between sSOL, sUSD, and other dApps.

These applications highlight the practical value of LAYER in the decentralized finance and blockchain infrastructure space.

Roadmap of Solayer (LAYER)

The roadmap for Solayer (LAYER) outlines a clear path for growth and innovation, focusing on scaling the Solana Virtual Machine (SVM) and expanding its ecosystem.

This roadmap highlights Solayer (LAYER)'s commitment to building a high-performance blockchain infrastructure and a thriving DeFi ecosystem.

Conclusion

The listing of Solayer (LAYER) on exchanges marks an exciting opportunity for investors and enthusiasts alike. With its innovative features and potential for growth, Solayer (LAYER) aims to make a significant impact in the cryptocurrency market. By participating in the launch and engaging with the community, users can benefit from various promotional activities, including airdrops and trading opportunities.

As Solayer (LAYER) continues to gain traction, staying informed about its developments and market performance will be crucial for maximizing your investment. 

Make sure to take advantage of the features offered by Bitget Wallet to enhance your trading experience and manage your assets efficiently. Happy trading!

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FAQs

1. What is Solayer (LAYER)?

Solayer (LAYER) is Solana's pioneering native restaking and liquid restaking protocol, similar in concept to EigenLayer (EIGEN) on Ethereum. It allows users to maximize returns on staked SOL and Solana-based LSTs by issuing sSOL, thus earning additional yield.

2. How does Solayer (LAYER) work?

Solayer (LAYER) allows users to lock their SOL or select Liquid Staking Tokens (LSTs) on the platform and receive sSOL in return. This sSOL asset enables them to earn additional yield by delegating their stake to secure additional services and protocols within the Solana ecosystem.

3. When will Solayer (LAYER) be listed?

Solayer (LAYER) will be listed on exchanges on February 11th, 2025.

 

Risk Disclosure

Please be aware that cryptocurrency trading involves high market risk. Bitget Wallet is not responsible for any trading losses incurred. Always perform your own research and trade responsibly.