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– Solayer, one of Solana’s leading restacking applications, has officially announced the decentralization of its protocols.

the Solana-based restacking giant will distribute its own management token, $LAYER, in Q1.

Official terms have yet to be revealed, but Solayer’s Q1 campaign has attracted over 200,000 unique contributors, and the release of $LAYER could be the biggest TGE event in TGE history. What is $LAYER?

Launched by the Solayer Foundation, $LAYER is the native control token for the Solayer betting protocol. Leveraging the universal capabilities of the SPL-2020 token standard, the Solayer Foundation intends to use $LAYER to expand the ecosystem and accelerate the development of the protocol in a decentralized mode.

$LAYER is originally designed as a management token. But the Solayer Foundation expects the token to acquire a wide range of functions and mechanisms in the second half of 2025.

Solayer Foundation, a non-profit organization, is primarily focused on developing a new hardware-centric SVM (Solana Virtual Machine) network. Under the leadership of

independent directors, the Foundation’s activities will support cutting-edge research and development of the Solayer network. In addition, $LAYER token holders will have the opportunity to directly influence the Foundation’s activities, starting with the creation of the organization and the appointment of directors and officers.

Since its launch in May 2024, Solayer has quickly risen through the ranks to become Solana’s leading DeFi protocol. According to DefiLlama, Solayer has raised over $380 million on TVL, or $1.78 million SOL in terms of the chain’s own assets.

In addition, Solayer is Solana’s first fully unlicensed stablecoin, generating $sUSD in revenue.

Solayer’s $sSOL and $sUSD, which has raised over $26 million from 36,000 depositors and is fully backed by U.S. Treasury bills, marks an expansion of Solana’s protocols into the emerging RWA.

LINE_ In addition to BREAK’s own product portfolio, Solayer assets such as $sSOL and $sUSD are widely integrated into Solana’s extensive DeFi scene, including prominent lending platforms such as Kamino and Save.

Meanwhile, Solayer also announced in October in partnership with Adrastea Finance the Solana LRT (Liquid Restaking Token).

When will airdrop?

$LAYER TGE is already one of the most anticipated Solana tokens, but the launch date is still unknown. but the launch date is still unknown. but the launch date is still unknown. Solayer has announced that the distribution of $LAYER will take place in three phases.

the first phase is for users who participated in the Solayer Season 1 reward campaign and bid $SOL or contributed $USDC in exchange for $sUSD. The goal is to reward you. This also rewards Solayer’s many ecosystem partners.

Solayer states that the distribution of $LAYER airdrops is based on wagers and time. Referral points are also factored into the distribution.

Many traders report that they did not receive six-figure $HYPE amounts in Q4 2024.