Sonic, a layer-2 blockchain designed for gaming within the Solana ecosystem, has unveiled strategic partnerships with Solayer and Adrastea Finance, aimed at enhancing the Solana restaking framework.
On October 31, the Sonic SVM team announced its collaboration with these Solana-based protocols. In conjunction with this news, Sonic revealed that it has surpassed the impressive milestone of $50 million in SOL tokens delegated on Solayer, making it the largest actively validated service on the platform, which boasts a total value locked of over $302 million.
Additionally, Sonic’s partnership with Adrastea Finance, a liquid restaking layer, is set to strengthen the overall landscape of the Solana restaking market. This development comes as Solana sees increased adoption within its decentralized finance sector, driven by several significant advancements in recent months. Notably, the liquid staking protocol Jito formed an alliance with the restaking layer Fragmetric to introduce the liquid restaking token fragSOL on Solana back in August. Furthermore, Renzo, a protocol focused on liquid restaking tokens, launched Solana’s first LRT on Jito earlier that same month.
To celebrate its achievement of $50 million in delegated SOL, Sonic is launching a rewards program in collaboration with Adrastea. This initiative is designed to further incentivize SOL delegators using the Solayer platform. Users who delegate SOL or eligible liquid staking tokens through Sonic’s Automatic Validation System (AVS) will be eligible for bonus rewards.
Moreover, users who delegate their Sonic assets via the Adrastea Finance protocol will earn lrtsSOL, a liquid restaking token that is pegged 1:1 to SOL. This token can be utilized to explore various opportunities within the DeFi ecosystem.
As per data from DeFiLlama, there are currently 192 protocols offering liquid staking solutions, with the total value locked across different assets exceeding $45 billion. In addition, the restaking and liquid restaking sectors account for over $15 billion and $10 billion, respectively.
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