Behind Solayer's "shared security" magic lies a sophisticated and complex technical architecture. To truly understand its operational mechanism, we need to delve into its internal structure, especially the three key roles that drive the entire ecosystem: re-stakers, operators, and Active Verification Service (AVS). These three form an interdependent and mutually reinforcing economic cycle.
The core design of Solayer is based on the thriving liquid staking ecosystem of Solana. In this system, users (i.e., restakers) do not directly stake the native SOL tokens, but instead deposit their held liquid staking tokens (LSTs) into Solayer's smart contracts. These LSTs may include Marinade SOL (mSOL), BlazeStake SOL (bSOL), or JitoSOL (jitoSOL), among others.
The uniqueness of this design lies in its non-custodial nature and flexibility.
First, the non-custodial mechanism ensures that users have control over their assets. When users deposit LST, they do not lose ownership of these assets. The contracts of Solayer merely serve as a platform for asset custody and accounting. Users can withdraw their re-staked assets at any time after following the unlocking period set by AVS.
Moreover, this method preserves the native yield. Since users are staking LST instead of the original SOL, they can still earn the original staking rewards from the Solana mainnet's Proof of Stake (PoS) validation. The additional rewards obtained through re-staking serve as extra incentives for users to participate in the Solayer ecosystem.
This innovative architectural design not only improves capital utilization efficiency but also provides users with diversified sources of income while ensuring the security and liquidity of assets. It demonstrates the immense potential of blockchain technology in financial innovation and offers an inspiring model for the future decentralized finance (DeFi) ecosystem.
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Hash_Bandit
· 09-04 08:11
this security architecture reminds me of early mining pool designs ngl
Behind Solayer's "shared security" magic lies a sophisticated and complex technical architecture. To truly understand its operational mechanism, we need to delve into its internal structure, especially the three key roles that drive the entire ecosystem: re-stakers, operators, and Active Verification Service (AVS). These three form an interdependent and mutually reinforcing economic cycle.
The core design of Solayer is based on the thriving liquid staking ecosystem of Solana. In this system, users (i.e., restakers) do not directly stake the native SOL tokens, but instead deposit their held liquid staking tokens (LSTs) into Solayer's smart contracts. These LSTs may include Marinade SOL (mSOL), BlazeStake SOL (bSOL), or JitoSOL (jitoSOL), among others.
The uniqueness of this design lies in its non-custodial nature and flexibility.
First, the non-custodial mechanism ensures that users have control over their assets. When users deposit LST, they do not lose ownership of these assets. The contracts of Solayer merely serve as a platform for asset custody and accounting. Users can withdraw their re-staked assets at any time after following the unlocking period set by AVS.
Moreover, this method preserves the native yield. Since users are staking LST instead of the original SOL, they can still earn the original staking rewards from the Solana mainnet's Proof of Stake (PoS) validation. The additional rewards obtained through re-staking serve as extra incentives for users to participate in the Solayer ecosystem.
This innovative architectural design not only improves capital utilization efficiency but also provides users with diversified sources of income while ensuring the security and liquidity of assets. It demonstrates the immense potential of blockchain technology in financial innovation and offers an inspiring model for the future decentralized finance (DeFi) ecosystem.