Solayer is proud to announce the launch of phxSOL, a Solana-based Liquid Restaking Token (LRT) developed in collaboration with Phoenix Group PLC (ADX: PHX), a multi-billion dollar tech conglomerate based in the UAE. With its roots in the region and a global reach, this initiative marks a strategic milestone in expanding Solayer’s restaking opportunities for traders and institutions.

Now available through the Solayer app and coming soon on M2 Exchange, an FSRA-approved platform under the ADGM framework, phxSOL offers UAE users a secure gateway to Solana's staking ecosystem, and by extension the Solayer Restaking Network.

Expanding Solana’s Reach Through phxSOL

The MENA region is rapidly emerging as a vital market for crypto, and the launch of phxSOL underscores our commitment to fostering blockchain adoption in the region.

Through our collaboration with partners like M2 Exchange, users in the UAE can now gain seamless access to Solayer’s restaking opportunities. M2 Exchange offers a trusted, compliant pathway for individuals and institutions in the UAE to participate in Solana’s ecosystem.

Why phxSOL on M2 Exchange Matters

M2 Exchange provides a highly regulated and secure gateway for local users to access Web3 opportunities. phxSOL holders gain access to key benefits, including:

• Native Solana staking yield

• MEV boost rewards

• Restaking incentives via automatic delegation to Phoenix Group’s Actively Validated Service (AVS)

  
  

This combination of compliance and innovation makes phxSOL an ideal solution for both retail and institutional investors in the region, opening the door for more users to access Solayer’s restaking network and the broader Solana ecosystem.

Getting Started with PhxSOL

Using phxSOL is like any other LRT within the Solayer ecosystem. You can get it by either:

1. Minting directly through the Solayer app, or

2. Purchasing on M2 Exchange.

   
   

Growing Solayer in the UAE

phxSOL is another step forward in building blockchain infrastructure that connects the Middle East to the global crypto ecosystem. By partnering with Phoenix Group, Solayer is helping foster secure, innovative opportunities for users in the UAE and beyond.

Stay tuned for more updates on phxSOL and our continued growth in the MENA region.