🟢Solayer Integrtion

What is Solayer

• The leading restaking network on Solana, designed to secure both blockspace and decentralized mechanisms through restaked security.

• Solayer maximizes staking rewards while allowing users to engage in DeFi activities for extra yield. It optimizes liquidity for staked assets, offering better yield strategies for both retail and institutional users through restaking.

• Solayer raised $12 million in financing, led by Polychain, with Binance Labs participating as a follow-on investor.

Key Features

• Up to 10X Solayer Point

• No active management required for lenders to deposit SOL , earn extra yield with principal protected

• The first platform that allows users to leverage their bullish view and maximize their potential profits within the Solana ecosystem

• No depeg risk because NX directs staking SOL to solayer

What is Depeg Risk?

At NX Finance, we DIRECTLY STAKE and UNSTAKE in Solayer, bypassing the need for large swaps in DEXs.

This means our users’ positions aren’t affected by market liquidity or exchange rate changes.

Breakdown Step by Step

1

Lenders deposit SOL into the GMS Lending Pool to earn stable interest income.

2

Borrowers use their collateral (SOL/sSOL) and borrow SOL from the GMS Lending Pool using leverage.

3

Borrowers need to pay interest to the lenders.

4

NX Finance deposits the SOL borrowed by the borrowers into Solayer to earn staking rewards and Solayer points.

5

Both borrowers and lenders will also earn NX Finance points at the same time.

What Lenders Get?

• Solid interest incomelow-risk

• NX Point

What Borrowers Get?

• Staking yield on Solayer

• NX-Solayer point

• NX Point

What is NX-Solayer Point

Since Solayer does not disclose its airdrop calculation formula, we’ve introduced the “NX-Solayer Point.” This index indicates how many Solayer points you might earn at the end of the Solayer airdrop.

We will distribute Solayer points to users based on the following formula:

$$\text{Solayer Point Distributes to NX} × \frac{\text{Your NX-Solayer Point}}{\text{Total NX-Solayer Point}}$$

Collateral Options

1. SOL

2. sSOL

sSOL cannot be partially unstaked at the moment