Sonic SVM Collaborates with Solayer and Adrastea to Enhance Solana Restaking
Sonic, a layer-2 blockchain tailored for gaming on the Solana network, has announced new collaborations with Solayer and Adrastea Finance, aimed at enhancing the Solana restaking ecosystem.
On October 31, the Sonic SVM team unveiled its partnerships with these Solana (SOL)-based protocols. The announcement highlighted that Sonic has successfully exceeded $50 million in SOL tokens delegated on Solayer. This achievement positions Sonic as the largest actively validated service on the Solayer platform, which boasts a total value locked of over $302 million.
In addition to its collaboration with Solayer, Sonic is also teaming up with Adrastea Finance, a liquid restaking layer, to strengthen the overall market for restaking on Solana. This development coincides with Solana’s growing presence in the decentralized finance (DeFi) arena, where staking and restaking have benefited from several significant advancements in recent months.
Among these advancements is the partnership between the liquid staking protocol Jito and the restaking layer Fragmetric, which introduced the liquid restaking token, fragSOL, on Solana in August. Additionally, earlier that month, Renzo, a protocol for liquid restaking tokens, launched Solana’s first liquid restaking token (LRT) on Jito.
To celebrate its milestone of $50 million in delegated SOL, Sonic is rolling out a rewards program in collaboration with Adrastea. This initiative aims to further motivate SOL delegators on the Solayer platform. Users who delegate SOL or eligible liquid staking tokens through Sonic’s automated validation service (AVS) will be eligible for bonus rewards.
Moreover, when users delegate Sonic via the Adrastea Finance protocol, they will receive lrtsSOL, an LRT token that is pegged 1:1 to SOL. This token provides holders with opportunities to engage with other aspects of the DeFi ecosystem.
According to data from DeFiLlama, there are currently 192 protocols offering liquid staking solutions, with the total value locked across various assets exceeding $45 billion. The restaking and liquid restaking sectors alone account for more than $15 billion and $10 billion, respectively.
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