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Solayer Labs raises $12m in Seed funding

San Francisco based developer of a Solana restaking protocol raised $12m in Seed funding led by Polychain Capital.

"Unlike EigenLayer and Jito, which initially focus on exogenous AVSs (e.g., cross-chain bridges, oracles, shared sequencers and other non-mainnet systems), Solayer aims to start with native Solana on-chain dApps (referred to as endogenous AVSs) and assist them in reserving block space and prioritizing transaction inclusion based on the amount of stake delegated to them."

Tags

crypto, defi, solana, protocol