Avalanche 共同創辦人警告：留意 Layer-2 專案中的這些危險訊號

Red Flags to Watch Out for in Layer-2 Projects: A Warning from Avalanche Co-founder

Layer-2 計畫中需要注意的危險信號：Avalanche 共同創辦人的警告

What Should You Look Out for When Investing in Layer-2 Solutions?

投資第 2 層解決方案時應注意什麼？

In the wake of the FTX debacle, crypto investors are on high alert for potential red flags. Avalanche co-founder Emin Gün Sirer has sounded the alarm on a new breed of risky Layer-2 (L2) projects that threaten to compromise investor funds.

FTX 崩盤後，加密貨幣投資者對潛在的危險訊號保持高度警覺。 Avalanche 共同創辦人 Emin Gün Sirer 對新型有風險的 Layer-2 (L2) 計畫敲響了警鐘，這些計畫可能會損害投資者的資金。

The Infiltration of Substandard L2 Solutions

不合格L2解決方案的滲透

Gün Sirer points to the alarming proliferation of substandard L2 projects, which he believes represent the next major hazard in the crypto ecosystem. These projects, he argues, are often launched with little oversight, creating an environment ripe for exploitation.

Gün Sirer 指出不合格 L2 項目的驚人擴散，他認為這代表了加密生態系統中的下一個重大危險。他認為，這些計畫通常是在幾乎沒有監督的情況下啟動的，從而創造了一個成熟的開發環境。

Red Flags to Watch For

需要注意的危險訊號

To protect investors, Gün Sirer has identified several red flags to watch out for when evaluating L2 solutions:

為了保護投資者，Gün Sirer 確定了在評估 L2 解決方案時需要注意的幾個危險信號：

1. Misalignment Between Narrative and Technology

1. 敘事與科技之間的錯位

Beware of projects that present a compelling narrative but fail to deliver on the technical side. Look for projects with a clear and verifiable technical implementation that aligns with their marketing pitch.

謹防那些呈現令人信服的敘述但未能在技術方面交付的項目。尋找具有清晰且可驗證的技術實施且與其行銷宣傳一致的專案。

2. Centralized Sequencers Without Fraud-Proof

2. 沒有防詐騙功能的集中式排序器

Avoid L2 solutions that rely on centralized sequencers without fraud-proof mechanisms. This goes against the core principles of decentralization and security that are essential in cryptocurrency.

避免依賴集中式排序器且沒有防詐騙機制的 L2 解決方案。這違背了加密貨幣中至關重要的去中心化和安全性的核心原則。

3. Token Sales for Fundraising Only

3. 代幣銷售僅用於募款

Be wary of L2 projects that conduct token sales solely for fundraising purposes without a specific, practical use case for the tokens on the network. This is a classic sign of a dubious investment.

警惕那些僅出於籌款目的而進行代幣銷售而沒有網絡上代幣具體、實際用例的 L2 項目。這是可疑投資的典型跡象。

4. Pre-Launch Native Token Sales by Founders

4. 創辦人發起的預發行原生代幣銷售

A large volume of native token sales by founders before the project's launch is a major red flag. Regardless of the motivation, this practice raises concerns about potential manipulation.

創辦人在專案啟動之前大量銷售原生代幣是一個重大危險信號。無論動機為何，這種做法都會引起人們對潛在操縱行為的擔憂。

5. Low-Float Tokens

5. 低流通量代幣

Low-float tokens can be easily manipulated, allowing unscrupulous actors to artificially inflate their value. Avoid L2 projects with a significant number of low-float tokens.

低流通量的代幣很容易被操縱，讓不法分子人為地抬高其價值。避免使用大量低流通代幣的 L2 項目。

6. Founders' Conduct and Morals

6. 創始人的行為和道德

Pay attention to the personal conduct and habits of project founders. Any form of misconduct should raise concerns about the integrity of the project.

關注專案創始人的個人行為和習慣。任何形式的不當行為都應該引起人們對專案誠信的擔憂。

The Simple Authenticity Test

簡單的真實性測試

In addition to these red flags, Gün Sirer proposes a simple test to help investors identify genuine L2 projects:

除了這些危險訊號之外，Gün Sirer 還提出了一個簡單的測試來幫助投資者識別真正的 L2 項目：

1. Identifying Blockers

1. 識別阻礙者

Start by identifying the key issues ("blockers") in the crypto space at any given time. For example, scalability and performance were significant blockers until solutions like Avalanche and Solana emerged.

首先在任何給定時間識別加密空間中的關鍵問題（「阻礙因素」）。例如，在 Avalanche 和 Solana 等解決方案出現之前，可擴展性和效能一直是重要的障礙。

2. Addressing Critical Challenges

2. 應對關鍵挑戰

Assess whether the L2 solution you're considering offers a genuine solution to the current challenges facing the crypto ecosystem, such as supporting multiple use cases and integrating with traditional finance.

評估您正在考慮的 L2 解決方案是否為加密生態系統當前面臨的挑戰提供了真正的解決方案，例如支援多個用例並與傳統金融整合。

3. Look for Projects with a Clear Value Proposition

3.尋找具有明確價值主張的項目

Invest in L2 projects that provide a clear and compelling value proposition, addressing specific problems or offering unique features that enhance the overall crypto landscape.

投資能夠提供清晰且令人信服的價值主張、解決特定問題或提供可增強整體加密貨幣前景的獨特功能的 L2 項目。

Conclusion

結論

By being vigilant and adhering to these guidelines, investors can navigate the treacherous waters of L2 project investments with greater confidence. Remember, the crypto space is still in its early stages, and there will always be risks involved. But by staying informed and exercising due diligence, you can minimize your exposure to fraudulent projects and maximize your chances of success.

透過保持警惕並遵守這些準則，投資者可以更有信心地應對 L2 專案投資的危險水域。請記住，加密貨幣領域仍處於早期階段，總是會存在風險。但透過隨時了解情況並進行盡職調查，您可以最大限度地減少詐欺專案的風險並最大限度地提高成功的機會。