Solayer completed a $80 million valuation after raising $12 million in seed funding, led by Polychain Capital.

Odaily Planet Daily News: Solana's ecosystem re-staking protocol Solayer has completed a $12 million seed round of financing, led by Polychain Capital, with participation from Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Arthur Hayes' family office Maelstrom, reaching a post-investment valuation of $80 million. Co-founder Rachel Chu revealed that the financing round concluded in May, structured as a Simple Agreement for Future Equity (SAFE) plus token warrants. The new funding will be used to expand the team, integrate new protocols, and prepare for the platform's second phase. The project plans to hire more employees in functions such as growth, institutional partnerships, and engineering. Solayer also plans to launch its native token in the future, currently in the "design phase." Earlier this month, Binance Labs announced its investment in Solayer, part of the same $12 million seed round. Last month, Solayer also disclosed a pre-seed round of undisclosed size, with angel investors including Solana co-founder Anatoly Yakovenko and Polygon co-founder Sandeep Nailwal. (The Block)