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Team Solayer authored and gitbook-bot committed Apr 17, 2024
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2 changes: 1 addition & 1 deletion README.md
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Expand Up @@ -7,7 +7,7 @@ Solana as the _internet_ layer provides how data, trust, and money travel. Solay
To realize this, Solayer is a two-pronged approach: 

1. **Restaking**: to leverage the economic security of SOL to secure other systems
2. **Shared validator network**: a network of horizontally-scaled app-chains localized on top of the Solana chain
2. **Shared Validator Network**: a network of horizontally-scaled app-chains localized on top of the Solana chain

The Solayer team is developing the core primitives around modular shared security, and will open-source in 3 main stages. 

2 changes: 1 addition & 1 deletion SUMMARY.md
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* [Whitepaper](overview/whitepaper.md)
* [Restaking ](restaking/README.md)
* [LST Restaking](restaking/lst-restaking.md)
* [Liquid Restaking Token (LRT)](restaking/liquid-restaking-token-lrt.md)
* [Native Staked SOL Restaking](restaking/native-staked-sol-restaking.md)
* [Introducing sSOL](restaking/introducing-ssol.md)
* [Withdraw from Solayer](restaking/withdraw-from-solayer.md)
* [Restake Points](restaking/restake-points.md)
* [Node Operators](node-operators/README.md)
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3 changes: 3 additions & 0 deletions restaking/introducing-ssol.md
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# Introducing sSOL

After depositing SOL or Liquid Staked SOL into Solayer's restaking vault, restakers will receive "s-SOL" (Solayer-SOL) that is a native LRT. sSOL will be tradable and interoperable across DeFi applications. 
3 changes: 0 additions & 3 deletions restaking/liquid-restaking-token-lrt.md

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2 changes: 1 addition & 1 deletion restaking/lst-restaking.md
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# LST Restaking

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. 
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. 

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

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4 changes: 3 additions & 1 deletion restaking/native-staked-sol-restaking.md
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# Native Staked SOL Restaking

The majority of the staked sol currently comes from direct staking instead of the LSTs, this means that users who have directly staked are a big market for solayer and their yields can be increased with delegating to an AVS operator in solayer. This is achieved via working with existing validators to support a one click restaking option where the user can send a transaction to solayers contracts which allows the validator to use their stake for re-staking as well earning the user additional rewards.
Native staked SOL can directly participate in the Solayer restaking vault. 



<figure><img src="../.gitbook/assets/image (8).png" alt=""><figcaption></figcaption></figure>

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40 changes: 37 additions & 3 deletions restaking/restake-points.md
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# Restake Points

### Restake Points&#x20;
This page details the point calculation for Stage 1 of Solayer development.&#x20;

**Token weighting**

| Token | Weighting |
| ------------------------ | --------- |
| Native Restaking | 3 |
| Marinade-SOL restaking | 2 |
| Blaze-SOL restaking | 2 |
| JITO-SOL restaking | 2 |
| Other LSTs (coming soon) | 1 |

### Penalty&#x20;
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**Epoch weighting**&#x20;

| Epoch | Weighting |
| ---------------- | --------- |
| Genesis Epoch 0 | 3 |
| Epoch 1 | 2 |
| Epoch 2 | 1 |

**Referred restaking**&#x20;

### Points Redistribution&#x20;
Every restaker has 5 invite codes to begin with. We calculate and add 15% of their invited restaker's contribution and their derived points into your cumulative points.



**Points deduction**&#x20;

Restaked assets that are withdrawn before the conclusion of Epoch 2 will be deducted based on few parameters:&#x20;

1. Time of SOL entry into the protocol&#x20;
2. Amount of SOL withdrawal&#x20;

Total Point = Earned + Pending

Up on the withdrawal of X tokens:

* Earned = Earned + Pending points due to X / 2
* Pending = Pending - Pending points due to X / 2

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