NX Academy
  • Academy Overview
  • NX 101
    • Module 1｜Introduction to NX
    • Module 2.1｜Leverage Basics
    • Module 2.2｜Liquidation Basics
    • Module 2.3｜Liquidation In NX
  • Fulcrum 101
    • Module 3.1｜What is Fulcrum Strategy
    • Module 3.2｜How Does Fulcrum Strategy Work
    • Module 3.3｜Deposit to Earn
    • Module 3.4｜Leverage to Earn
      • Module 3.4.1 | JLP Hedge
    • Module 3.5｜JLP 101
    • Fulcrum Summary
  • GMS 101
    • Module 4.1｜What is Airdrop
      • Module 4.1.1｜What is AirdropFi
    • Module 4.2｜What is GMS Strategy
    • Module 4.3｜How GMS Strategy Works
    • Module 4.4｜Integrated Protocols
      • Module 4.4.1｜Solayer
      • Module 4.4.2｜SolanaHub
      • Module 4.4.3｜The Vault
    • GMS Summary
  • NX Staking
    • Module 5.1｜Introduction of NX Staking
    • Module 5.2｜Your sNX automatically increases over time!
    • Module 5.3｜Unstake NX
    • Module 5.4｜Reward Breakdown
    • Staking Summary
  • NX Vault
    • Module 6.1｜Introduction of Vault
    • Module 6.2｜What is JLP Delta Neutral Strategy
    • Module6.3｜How does JLP Delta Neutral Strategy work
    • Module 6.4｜Why did we choose to Build on Drift
    • Vault Summary
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  1. GMS 101
  2. Module 4.4｜Integrated Protocols

Module 4.4.1｜Solayer

Solayer in one sentence

Solayer in one sentence: Solayer is a restaking protocol built natively on Solana that enhances network security and efficiency by allowing users to restake various assets like SOL, mSOL, and JitoSOL.

What is Solayer

Solayer leverages Solana's economic security and decentralized cloud infrastructure to provide a platform where users can restake their Solana-based assets. This process contributes to the security of the Solana network and offers benefits such as increased staking yields and participation in the network's consensus mechanisms. Solayer's protocol is designed to enable developers to customize blockspace and consensus for their dApps, ensuring higher security and efficiency. By facilitating a shared validator network, Solayer enhances the bandwidth and security across Solana and other decentralized networks, making it a valuable tool for developers looking to build robust dApps.

What is sSOL

sSOL is a liquid staking token from the Solayer protocol on Solana, allowing users to stake SOL and receive sSOL, which can be used in DeFi without unstaking the original SOL.

What can you do with Solayer on NX Finance GMS?

On GMS, users can engage with Solayer in several ways:Leverager (Point Farmer):

  • Point Leverage Farming: Users can deposit SOL or sSOL or hubSOL as collateral into the GMS strategy on NX Finance. They can then choose a leverage multiplier according to their risk tolerance, which allows them to earn from multiple sources

  • NX-Solayer Points: NX-Solayer Points is an indicator to estimate potential Solayer point earnings from airdrops

  • NX Points: Besides earning Solayer points, leveragers also earn NX points among NX rewards system, enhancing their overall returns through point farming

Lender (Risk Adverser):

  • Earn High APR: For those who prefer a conservative investment strategy, lending SOL through the GMS Lending Pool is an option. This allows lenders to:

    • Benefit from yields that are generally higher than those found in other lending markets. Recent data shows an average interest rate of around 18-20%, with potential peaks up to 23% SOL APR

    • Engage in a risk-averse approach by providing liquidity to the lending pool, where they can earn stable, substantial interest without the need for active management, ensuring principal protection while still gaining from the high demand for SOL in the GMS strategy

PreviousModule 4.4｜Integrated ProtocolsNextModule 4.4.2｜SolanaHub

Last updated 3 months ago

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