TechFlow News — Solayer, a restaking protocol in the Solana ecosystem, has raised $12 million in seed funding led by Polychain Capital, with participation from Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, Arthur Hayes’ family office Maelstrom, and others. The project plans to expand its team, integrate new protocols, and prepare for the second phase of platform development. Its native token is currently "under design."
The financing, completed in May, was structured as a Simple Agreement for Future Equity (SAFE) with token warrants, valuing Solayer at $80 million. Binance Labs' previously announced investment is also part of this round.
Modeled after Ethereum's EigenLayer, Solayer enables users to earn additional rewards by re-locking already staked assets. Unlike other platforms, Solayer plans to start with native Solana dApps, helping them reserve blockspace and prioritize transactions based on the amount of stake delegated to them.
Solayer currently claims over $186 million in restaked assets from approximately 104,500 depositors.
