Insiders: Jito and 6 other projects are building Solana re-staking services

ChainCatcher news, according to CoinDesk citing informed sources, the Solana-based staking project Jito is building a re-staking service. Meanwhile, CoinDesk's investigation found that at least 6 teams are working on Solana re-staking, such as Solayer Labs, Cambrian, Picasso, DePHY, and Repl.

Cambrian founder Gennady Evstratov stated that the team is finalizing a $2.5 million funding deal, with 3 investors indicating a valuation of about $25 million. Cambrian plans to launch the re-staking network by the end of the second quarter or the beginning of the third quarter, along with a points program and token issuance.

It is reported that Solayer Labs has not yet launched, and 3 VCs familiar with the situation stated that Solayer hopes to complete an $8 million seed round financing with a valuation of $80 million, with Polychain Capital leading with $4 million. Rachel Chu from Solayer Labs mentioned that they are close to raising $10 million, with participation from Solana founder Anatoly Yakovenko. At the same time, Solayer Labs is developing a multi-phase points program.