As a seasoned researcher with a penchant for blockchain technology and decentralized finance (DeFi), I find the latest developments within the Solana ecosystem intriguing. The partnership between Sonic, Solayer, and Adrastea Finance is a significant stride towards expanding the Solana restaking ecosystem, which has been rapidly evolving in recent months.
In simpler terms, Sonic, a game-focused blockchain built on Solana, has entered into collaborations with Solayer and Adrastea Finance to broaden the staking options within the Solana network.
On October 31, the Sonic SVM team announced their collaboration with Solana-based protocols. This partnership was part of the news they shared, which also included the milestone that their platform has exceeded $50 million worth of SOL tokens delegated through Solayer.
Reaching this point, Sonic stands as the most extensively verified service within the Solayer system, which boasts a staggering $302 million in combined value secured.
Sonic is teaming up with Adrastea Finance, a liquid re-staking layer, to strengthen the re-staking market on the Solana platform. This move follows the increasing use of Solana in its decentralized finance sector, where re-staking and staking have seen significant advancements due to several key improvements over the past few months.
As a crypto investor, I’m excited about the upcoming collaboration between Jito and Fragment, which will result in the introduction of the liquid restaking token fragSOL on the Solana blockchain in August. This partnership promises to bring innovation and potential growth opportunities in the staking sector for me and other investors alike.
Last month, Renzo, a new protocol for re-staking liquid re-staking tokens, introduced the first Liquid Restaking Token (LRT) on the Solana platform through Jito.
Sonic is planning to celebrate reaching a $50 million milestone for delegated SOL by launching a reward program that includes Adrastea. This initiative aims to motivate more Solayer platform users to delegate SOL or eligible liquid staking tokens with Sonic’s AVS, as they will receive additional bonuses in return.
By routing transactions via the Adrastea Finance system for Sonic, users will earn lrtsSOL – a token identical in value to SOL and part of the LRT family. Owners of these tokens can then utilize them to tap into various benefits within the Decentralized Finance (DeFi) landscape.
Based on DeFiLlama statistics, there are 192 protocols that provide liquid staking services at present, with a combined value locked across different assets exceeding $45 billion. Additionally, the combined value in the restaking and liquid restaking sectors is over $15 billion and $10 billion respectively.
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2024-11-01 20:08