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Team Solayer authored and gitbook-bot committed Apr 1, 2024
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* [LST Restaking](restaking/lst-restaking/README.md)
* [Withdraw from Solayer](restaking/lst-restaking/withdraw-from-solayer.md)
* [Basket Restaking](products/basket-restaking.md)
* [Operators](products/operators.md)
* [Native Staked SOL Restaking](restaking/native-staked-sol-restaking.md)
* [Liquid Restaking Token (LRT)](restaking/liquid-restaking-token-lrt.md)
* [Restake Points](restaking/restake-points.md)
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4 changes: 1 addition & 3 deletions restaking/liquid-restaking-token-lrt.md
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# Liquid Restaking Token (LRT)



\
In the coming year, Liquid Restaking Tokens (LRTs) are anticipated to play a significant role in the Solana ecosystem, building on the momentum established by Liquid Staking Tokens (LSTs) in recent years. We propose the introduction of a standard, similar to ERC4626 authored by Joey Santoro, that will enable the seamless integration of LRTs into the Solana DeFi ecosystem. This standard will allow users to leverage their LRT holdings by borrowing additional funds or swapping LRTs for LSTs without the need for withdrawal. The adoption of the LRT standard is expected to facilitate the incorporation of new LRTs into DeFi protocols, such as Drift Protocol, Margin Finance, etc. 
14 changes: 13 additions & 1 deletion restaking/lst-restaking/README.md
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# LST Restaking

LST is a major component for the restaking layer. Solana, at the time of writing (April 1st, 2024), has $2.29B SOL liquid staked out of $53B (total circulating value) = 4.3% of SOL is liquid staked. 
As of April 1st, 2024, a significant portion of Solana's tokens is participating in liquid staking, a critical component of its restaking layer. Specifically, $2.29 billion worth of SOL has been liquid staked. This figure represents approximately 4.3% of Solana's total circulating value of $53 billion. 

**The liquid staked tokens Solayer is including at launch for restaking:**

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Solayer will monitor for other potential LSTs to be added into the restaking bucket. Please reach out to _[email protected]_ if there is room for collaboration. 

Any assets deposited into Solayer will be matched with an equivalent SPL token, denoted by an 's-' in its symbol. Collectively, we call them Solayer assets. Initially, these tokens won't be transferable as this helps in calculating points for the liquidity reward program. However, they will become transferable in the future. Apart from ‌native SOL, all other assets won't have any unbounding lockups.

Unlike Eigenlayer, which implements the unbonding process when assets are first converted to restaked assets, the AVS unbonding process is a separate step for Solayer. Solayer offers more flexibility for the AVSs on our SVN, allowing them to design their own unbounding process with a maximum unbounding period of 14 days. Solayer also provides an emergency exit mechanism to release the bound stake from users should the AVS cease to function.

The second phase of our protocol development will enable users to pledge their Solayer assets to secure additional networks by delegating them to a Solayer operator responsible for managing the AVS nodes. Should an operator engage in malicious behavior, they will be subject to penalties, resulting in a potential loss of the user's deposit. Consequently, users must exercise caution when selecting operators to delegate to, ensuring that they possess a trustworthy track record and fulfill the requisite criteria of the AVS.

Diverging from Eigenlayer's model, which restricts AVS selection to either native staking or Liquid Staking Tokens (LSTs), Solayer offers a more versatile approach. It empowers AVS developers to tailor their security measures according to their specific needs. 

###  Step-by-step guide to LST restaking 



**Step 1: navigate to app.solayer.org** 

<figure><img src="../../.gitbook/assets/image.png" alt=""><figcaption></figcaption></figure>
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