Solayer completed a $12 million seed round of financing, led by Polychain.

Foresight News reported that Solayer, a re-staking protocol on Solana, has completed a $12 million seed round financing, with Polychain leading the investment. Other participants include Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Arthur Hayes' family office Maelstrom. Rachel Chu, co-founder of Solayer, stated that the financing round concluded in May and was structured as a Simple Agreement for Future Equity ($SAFE) with token warrants. This round of financing has valued Solayer at $80 million.