Jason Li, Co-founder of Solayer Labs, on Restaking, Scaling Solana, Tokenizing RWAs, and Hardware Scaling | Ep. 402

Blockchain Solana Staking

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January 9, 2025

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Jason Li, co-founder of Solayer Labs, joined the Cryptonews Spotlight podcast to share insights into the company’s innovative solutions for restaking, Solana’s scalability, tokenized real-world assets (RWAs), and pushing blockchain hardware boundaries.

Why Use Solana for Restaking

Jason explained why Solayer Labs opted to build on Solana. He emphasized its fast transaction speeds, developer-friendly ecosystem, and mature technical stack.

“We chose Solana because of its robust ecosystem, low fees, and unmatched scalability, making it the top destination for meme coin trading and beyond.”

Solana’s capacity to handle high throughput made it ideal for Solayer’s restaking protocol.

What Is Restaking

Jason broke down the concept of restaking. He explained how Solayer reuses staked assets for additional purposes, such as securing external applications or optimizing validator performance. This approach enhances both liquidity and efficiency.

“Restaking transforms passive staking into a dynamic capital strategy, unlocking additional use cases for staked assets.”

Endogenous and Exogenous Restaking

Solayer’s restaking protocol includes two models:

• Endogenous restaking focuses on improving Solana’s native ecosystem.
• Exogenous restaking allows Solana validators to secure other blockchain applications, expanding their utility.

Scaling Solana to 1 Million TPS

Jason detailed Solayer’s ambitious goal to achieve 1 million transactions per second. The project leverages Solana’s architecture and specialized hardware to support this breakthrough in blockchain scalability.

“We’re targeting a system capable of 1 million transactions per second, a 100x improvement over Solana’s current throughput.”

Tokenizing Real-World Assets

Jason discussed Solayer’s collaboration with OpenEden to tokenize RWAs, starting with U.S. Treasury Bills. Their stablecoin, sUSD, bridges traditional finance and crypto, offering both stability and yield.

“By bringing RWAs such as U.S. Treasury Bills on-chain, we unlock new liquidity and investment opportunities for users globally.”

Launch of sUSD Stablecoin

sUSD is Solayer’s stablecoin project, fully collateralized by T-bills and designed to provide a secure and accessible on-chain stablecoin for global users.

“sUSD is truly backed by U.S. Treasury Bills, combining stability, yield, and trust in one product.”

bnSOL Partnership with Binance

Jason shared insights into Solayer’s partnership with Binance to launch bnSOL, a restaking token for Solana holders, enabling additional yield and security for external applications.

“Binance chose us for bnSOL because of our technical merit and ability to ship fast.”

Future of Web3 Usability

Jason reflected on the evolution of blockchain technology, emphasizing the importance of improving user experiences to match Web2’s convenience and speed.

“When Web3 products provide the same seamless experience as Web2, adoption will explode.”

Hardware Scaling for Blockchain

Solayer employs high-performance GPUs and specialized hardware to optimize scalability and performance, ensuring they meet the demands of next-generation blockchain applications.

“To achieve 1 million TPS, you need extreme hardware. There’s no other way.”

Infinite Scalability with Solayer Chain

Jason highlighted Solayer’s vision of creating a blockchain that dynamically adjusts its scalability based on demand, eliminating bottlenecks and reducing costs.

“We’re building an infinitely scalable system where non-conflicting transactions scale seamlessly as nodes are added.”

SVM-to-SVM Connections Without Wallet Switching

Solayer simplifies the user experience by enabling transactions across chains without the need for wallet switches, ensuring smooth interactions within the Solana ecosystem.

“For SVM-to-SVM connections, users won’t need to switch wallets—everything works seamlessly.”

Potential of Tokenized Liquidity

Jason explained how Solayer’s design enables liquidity across different tokens to be unified, improving trading efficiency and lowering transaction costs.

“Super liquidity ensures that all liquidity pools are shared, reducing slippage and increasing efficiency in DeFi.”

Role of AI in Web3

Jason underscored the synergy between Web3 and AI, discussing how Solayer’s scalable and hardware-optimized systems are designed to handle the growing computational demands of AI-driven applications.

“Web3 and AI are intertwined—our infrastructure ensures readiness for the inevitable convergence.”

Road Ahead for Solayer

Jason concluded with an optimistic outlook for Solayer, emphasizing its commitment to driving blockchain adoption through cutting-edge solutions and partnerships.

“We’re building the next generation of blockchain infrastructure, where scalability, efficiency, and usability converge.”