Solayer, one of Solana’s leading restaking applications, has formally announced the decentralization of its protocol. The Solana-based restaking giant is expected to airdrop $LAYER, its native governance token, to users in Q1 2025, marking a pivotal moment in the network’s 2025 token generation event (TGE) calendar.
With over 200,000 unique depositors during its Season 1 campaign, the **$LAYER airdrop** is poised to be one of the most significant TGEs of the year. Here’s everything you need to know about $LAYER, its utility, and the upcoming distribution.
What Is $LAYER?
Launched by the Solayer Foundation, $LAYER serves as the native governance token for the Solayer staking protocol. Built on the SPL-2020 token standard, it aims to:
- Drive decentralized ecosystem growth
- Accelerate protocol development
- Expand utility through future mechanics (planned for late 2025)
The Solayer Foundation, a non-profit, focuses on advancing Solana Virtual Machine (SVM) research and boosting transaction throughput for Solana-based applications.
👉 Discover how $LAYER empowers governance
Key Features of Solayer Protocol
1. Record-Breaking TVL
- Total Value Locked (TVL): $380M (1.78M SOL)
- Pioneering Stablecoin: $sUSD (yield-bearing, backed by U.S. T-Bills) with **$26M from 36K depositors**.
- Ecosystem Integrations: $sSOL and $sUSD are used across Solana DeFi platforms like Kamino and Save.
2. Innovations
- Liquid Restaking Token (LRT): Partnered with Adrastea Finance to launch Solana’s first LRT.
$LAYER Airdrop: Phases and Eligibility
The airdrop will occur in three phases:
Phase 1: Rewards for Season 1 participants who staked $SOL** or deposited **$USDC for $sUSD.
- Allocation Formula: Stake + time-weighted (long-term depositors earn more).
- Referral points also factor in.
- Phase 2 & 3: Details pending (expected to include ecosystem partners and broader user incentives).
👉 Stay updated on airdrop timelines
FAQs
1. When will the $LAYER airdrop happen?
- Expected in Q1 2025, but exact dates are unconfirmed.
2. How do I check my eligibility?
- Solayer will release an eligibility checker; users must agree to T&Cs to qualify.
3. What’s the current pre-market price of $LAYER?
- Listed at $5.08 on Whales Market, but tokenomics are unreleased—trade with caution.
4. What utilities will $LAYER have?
- Initial focus on governance, with expanded functionalities (e.g., staking rewards) planned for late 2025.
Solana’s RWA Sector Growth
Solayer’s $sUSD highlights Solana’s push into Real-World Assets (RWA):
- Backed by U.S. T-Bills for stability.
- Projects like Parcl ($100M daily volume) signal growing RWA traction.
Final Notes
- Monitor Solayer’s official channels for airdrop updates.
- Avoid pre-market speculation until tokenomics are public.
- Engage early—historical airdrops reward proactive participants.
For deeper insights into Solana staking, explore our curated guides.