A staking protocol centered around Solana, called Solayer, quickly raised $20 million within forty-five minutes during its introduction phase, known as the Genesis Epoch 0. This phase had limited time, a capped amount, and attracted significant investors within the Solana ecosystem.

During the fundraising process, notable figures like Yakovenko, the former lead developer of Sushiswap, participated. Participants in the protocol are allowed to stake SOL and other assets specific to the Solana blockchain.

Access to the Genesis Epoch 0 phase was through invitations, with a total cap of $20 million. This approach enabled participants to form connections with initial backers of their choice. The raised funds will be held until Epoch 3, after which withdrawals will be permitted.

The successful fundraising by Solayer highlights the considerable interest among users in projects leveraging the Solana platform.

Potential investors are encouraged to conduct thorough research before participating in initial fundraising activities to mitigate risks.