Solana's Solayer Declares Genesis Epoch 0's Debut

    Valeria Bednarik 2024-05-17 15:25:42

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    As per the report by Foresight News, Solayer, the staking network affiliated with Solana, has declared the initiation of its inaugural stage, Genesis Epoch 0. This consists of the incorporation of LST pools (mSOL, bSOL, JITOSOL, and INF) and native SOL staking pools, all of which have a 20 million dollar limit and are scheduled to expire in twenty-four hours. In the native staking pool, participants shall not only obtain the returns derived from re-staking, but also fundamental Solana MEV-augmented returns. At this time, Genesis Epoch 0 is restricted to members of the invited community who have been provided with an invitation code.

     

    Their objective, according to the official statement, is to guarantee that the initial phase system can be released in a balanced and stable manner, after undergoing exhaustive testing. Additionally, until Epoch 3, re-staked user assets will be restricted. Following Epoch 3 and prior to the commencement of the second phase, it is possible to completely withdraw all assets.

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