The post Sonic SVM Accelerates Solana’s Restaking Ecosystem appeared on BitcoinEthereumNews.com.

Key highlights: This pioneering gaming layer-2 on Solana has become quite the power player, with over $50 million worth of SOL delegated to its services. To celebrate and reward loyal delegators, Sonic is rolling out an enhanced rewards program offering extra yields. Thanks to innovative new liquid restaking tokens called LRTs, delegating your SOL through Adrastea unlocks liquidity while still earning staking returns. By teaming up their unique offerings, Sonic, Solayer and Adrastea aim to take liquid staking to the next level. The Solana restaking ecosystem is hotting up thanks to an exciting new partnership between Sonic SVM, Solayer, and Adrastea. This dynamic trio aims to take Solana’s liquid staking offerings to new heights and provide users with even more opportunities to earn rewards. Let’s dive into the details of what they have cooking up. Restaking Explained Sonic surpasses $50 million milestone Sonic SVM has been steadily amassing SOL delegated to its Actively Validated Service (AVS) on Solayer. This pioneering gaming L2 on Solana recently crossed an impressive threshold – over $50 million SOL delegated. To celebrate this achievement and show appreciation for all the loyal delegators, Sonic is rolling out an enhanced rewards program. For those new to Sonic, it’s an atomic SVM chain built for high-speed gaming using HyperGrid, Solana’s state-of-the-art layered scaling solution. Sonic enables sovereign game economies that settle directly to Solana L1, providing unlimited possibilities for game developers and players alike. With over 50 million big ones’ worth of delegated SOL, Sonic has firmly established itself as the top dog on Solayer. This kind of delegation liquidity is absolutely critical for Sonic to operate its custom virtual machines at lightning speeds. Extra rewards for delegators To give back and encourage further participation, Sonic’s new rewards program offers additional incentives for Solana delegators on Solayer. This…

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Filed under: News - @ November 1, 2024 2:19 pm