TL;DR
- Sonic SVM and Solayer team up to increase Solana delegator rewards.
- Adrastea introduces liquid resttaking option on the Solana network.
- The collaboration seeks to encourage participation and security within the Solana ecosystem.
On November 1, 2024, Sonic SVM, a Solana (SOL)-based Layer 2 (L2) platform, announced a collaboration with Solayer to improve rewards for Solana delegators.
This partnership follows Sonic SVM recent milestone of surpassing $50M in SOL delegations, positioning itself as the largest Active Validated Service (AVS) within Solayer.
We’re thrilled to announce that Sonic SVM is partnering with @solayer_labs and @AdrasteaFinance to expand the Solana restaking ecosystem!
🏆 With over $50 million SOL now delegated to Sonic SVM on Solayer, Sonic has become the largest AVS (Actively Validated Service) on… pic.twitter.com/IFzUy9elfO
— Sonic (Odyssey Now Live ⚡️) (@SonicSVM) November 1, 2024
In this context, Adrastea joins as a new partner in the ecosystem, introducing the possibility of liquid resttaking, an innovation that promises to transform the way users interact with their assets on the Solana network.
Chris Zhu, CEO of Sonic SVM, highlighted that this collaboration represents a crucial step in their mission to provide added value to Solana stakeholders.
By offering additional rewards to Solayer delegators and working with Adrastea, they are not only incentivizing participation in network security, but also encouraging further engagement within the Solana ecosystem.
This strategy seeks to attract more participants to the resttaking ecosystem, where users can obtain additional benefits through their delegations.
Users who stake their SOL or eligible liquid staking tokens to Sonic SVM will be able to access additional rewards.
Those who use the Adrastea platform to stake Sonic will receive a new token called lrtsSOL, which is pegged 1:1 to SOL.
This token can be used in the decentralized finance (DeFi) ecosystem, giving users more utility and flexibility in their transactions.
A new era in Solana staking
Adrastea’s introduction of liquid resttaking represents a significant shift in the way users can manage their liquidity.
This advancement allows delegators to unlock liquidity from their delegations, meaning they can hold a flexible asset while also participating in staking.
This not only improves the user experience, but also increases the security and stability of the network.
Jason Li, co-founder of Solayer, emphasized that the goal is to improve the user experience, and the partnership with Sonic SVM is an important step toward that goal.
The trust Sonic SVM has shown in the Solana ecosystem reinforces this collaboration, providing users with the opportunity to benefit from reliable staking services.
The growing adoption of liquid staking tokens on Solana is indicative of the maturity of the ecosystem.
With a market cap exceeding $2 billion, the collaboration between Sonic SVM, Solayer, and Adrastea not only aims to increase rewards for delegators but also has the potential to attract new participants to the ecosystem, expanding Solana’s user base and strengthening its position in the decentralized finance space.
These types of innovations are essential for the sustainable growth of blockchain platforms.
By offering greater incentives and easier access to liquidity, Sonic SVM, Solayer, and Adrastea are paving the way for a more robust and dynamic future in the Solana ecosystem, where users can enjoy greater opportunities and benefits in their interactions with staking and decentralized finance.