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@@ -14,7 +14,7 @@ Helius-SOL (hSOL)\ | |
Drift-SOL (dSOL)\ | ||
Infinity-SOL (INF) | ||
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Solayer will monitor for other potential LSTs to be added into the restaking bucket. Please reach out to _[email protected]_ if there is room for collaboration.  | ||
Solayer will monitor for other potential LSTs to be added into the restaking bucket. Please reach out to _[email protected]_ if there is room for collaboration. We will release SIP Solayer Improvement Proposal as a mechanism for LST additions.  | ||
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Any assets deposited into Solayer will be matched with an equivalent SPL token, denoted by an 's-' in its symbol. Collectively, we call them Solayer assets. Initially, these tokens won't be transferable as this helps in calculating points for the liquidity reward program. However, they will become transferable in the future. Apart from native SOL, all other assets won't have any unbounding lockups. | ||
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@@ -38,11 +38,11 @@ Diverging from Eigenlayer's model, which restricts AVS selection to either nativ | |
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**Step 1:** Navigate to app.solayer.org  | ||
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<figure><img src="../.gitbook/assets/image.png" alt=""><figcaption></figcaption></figure> | ||
<figure><img src="../.gitbook/assets/image (3).png" alt=""><figcaption></figcaption></figure> | ||
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**Step 2:** Select which LST you would like to restake  | ||
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<figure><img src="../.gitbook/assets/image (1).png" alt=""><figcaption></figcaption></figure> | ||
<figure><img src="../.gitbook/assets/image (1) (1).png" alt=""><figcaption></figcaption></figure> | ||
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**Step 3**: Enter the amount you would like to restake for token approval | ||
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# Native Staked SOL Restaking | ||
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Native staked SOL can directly participate in the Solayer restaking vault.  | ||
**Native SOL stake** | ||
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For native SOL restaking, Solayer first converts your SOL to an intermediary form called sSOL-raw, which is the Liquid Staking Token (LST) issued by the stake pool manager. This entire process is non-custodial, ensuring that staked SOL is delegated to validators who earn MEV-boosted returns. The sSOL-raw is then converted to sSOL after another interaction with the Solayer restaking pool manager. All these steps are executed in a single transaction for efficiency. | ||
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<figure><img src="../.gitbook/assets/image (8).png" alt=""><figcaption></figcaption></figure> | ||
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**Restaking pool manager** | ||
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The restaking pool manager manages the flow of assets into the protocol. When users deposit LST or SOL (which is first converted to sSOL raw), they receive a fungible token representation in return. Currently illiquid, this representation will be made liquid in the future to encourage composability with DeFi. | ||
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Once delegation to AVSs and Node managers is live, users will select the node operators and will be issued a non-fungible token. This token is non-fungible due to the idiosyncratic risks associated with the selected node operators and the SVNs. | ||
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The Solayer native restaking pool rebalances the asset across different validators to achieve maximum base yield etc, starting with Jupiter validator.  | ||
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_Note: sSOL is **not** redeemable and transferable until Epoch 6._  | ||
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**General Architecture of Native restaking**  | ||
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<figure><img src="../.gitbook/assets/image.png" alt=""><figcaption></figcaption></figure> | ||
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# Roadmap | ||
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Solayer Launch Stage is a measure to ensure safety and security of the protocol developments, optimizing for the best user experience  | ||
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**Stage 1** | ||
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<figure><img src="../.gitbook/assets/image (2).png" alt=""><figcaption></figcaption></figure> | ||
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