比特幣的重生：LST 釋放價值並改變守舊派

隨著流動性質押代幣 stBTC 的推出以及比特幣經濟層的出現，比特幣的生態系統正在不斷擴大。 stBTC 讓用戶可以透過 Nomic DAO 基金會和 Babylon Bitcoin 賺取 BTC 收益，而由 Mezo 領導的經濟層旨在透過 HODL 證明來激勵比特幣持有者。這些發展標誌著比特幣的潛在轉折點，為用戶提供了使用 BTC 的新方法，並有可能將以太坊的部分 DeFi 主導地位轉移到 Cosmos 生態系統。

Bitcoin's Renaissance: Unleashing the Potential of the Oldest Cryptocurrency

比特幣的復興：釋放最古老的加密貨幣的潛力

After years of relative dormancy, the Bitcoin network is witnessing an explosion of activity, providing users with unprecedented opportunities to unlock the value of their BTC. One of the latest and most groundbreaking developments is the introduction of Bitcoin Liquid Staking Tokens (LSTs), which are revolutionizing the way Bitcoin holders can participate in the DeFi ecosystem.

經過多年的相對休眠之後，比特幣網路正在見證活動的爆發，為用戶提供了前所未有的機會來釋放其比特幣的價值。最新、最具突破性的發展之一是比特幣流動質押代幣（LST）的推出，它正在徹底改變比特幣持有者參與 DeFi 生態系統的方式。

What are Liquid Staking Tokens (LSTs)?

什麼是流動質押代幣（LST）？

Liquid staking refers to a mechanism where users can deposit their cryptocurrency into a proof-of-stake (PoS) blockchain and receive a tradable token in return. Unlike traditional staking, which locks up tokens until they're unstaked, liquid staking allows users to retain access to the value of their staked tokens and use them across DeFi protocols.

流動質押是指用戶可以將其加密貨幣存入權益證明（PoS）區塊鏈並獲得可交易代幣作為回報的機制。與傳統的質押不同，傳統質押會鎖定代幣直到它們被取消質押，而流動性質押允許用戶保留對其質押代幣價值的訪問權，並在 DeFi 協議中使用它們。

Nomic DAO Foundation and Babylon Bitcoin Break New Ground with stBTC

Nomic DAO 基金會和 Babylon Bitcoin 透過 stBTC 開闢新天地

Nomic DAO Foundation and Babylon Bitcoin have partnered to introduce stBTC, a groundbreaking Bitcoin LST. This innovation enables Bitcoin holders to stake their BTC and receive nBTC, a Cosmos-native token that represents their staked BTC. nBTC can then be used to mint stBTC tokens, which can be traded and used throughout the Cosmos ecosystem.

Nomic DAO 基金會和 Babylon Bitcoin 合作推出了 stBTC，這是一個突破性的比特幣 LST。這項創新使比特幣持有者能夠質押他們的 BTC 並接收 nBTC，這是一種代表他們質押的 BTC 的 Cosmos 原生代幣。然後，nBTC 可用於鑄造 stBTC 代幣，這些代幣可在整個 Cosmos 生態系統中進行交易和使用。

"Nomic and Babylon provide two essential primitives to Bitcoin: decentralized custody and staking," said Matt Bell, CEO of Turbofish, Nomic's founders and core contributors. "By combining these capabilities, they've created a practical solution for average Bitcoin holders to generate yield through staking."

Nomic 的創始人和核心貢獻者 Turbofish 執行長 Matt Bell 表示：“Nomic 和 Babylon 為比特幣提供了兩個基本要素：去中心化託管和質押。” “通過結合這些功能，他們為普通比特幣持有者創建了一個實用的解決方案，通過質押產生收益。”

Potential Impact of stBTC

stBTC 的潛在影響

The launch of stBTC could have far-reaching consequences for the Bitcoin ecosystem. It could potentially capture a significant portion of the market share currently held by wrapped Bitcoin (wBTC), currently the only instrument that allows Bitcoin holders to earn yield. This could reduce the dominance of Ethereum's DeFi ecosystem by siphoning away some of its Total Value Locked (TVL).

stBTC 的推出可能會對比特幣生態系統產生深遠的影響。它可能會佔據目前由包裝比特幣（wBTC）持有的很大一部分市場份額，而wBTC是目前唯一允許比特幣持有者賺取收益的工具。這可能會透過吸走以太坊 DeFi 生態系統的部分總價值鎖定（TVL）來削弱其主導地位。

Furthermore, the introduction of stBTC could also introduce Bitcoiners to the Cosmos ecosystem, opening up new possibilities for the utilization of BTC within a wider network of DeFi protocols.

此外，stBTC 的引入還可以將比特幣用戶引入 Cosmos 生態系統，為在更廣泛的 DeFi 協議網路中使用 BTC 開闢新的可能性。

The Rise of Bitcoin's Economic Layer

比特幣經濟層的崛起

The integration of Nomic and Babylon is not the only Layer 2 solution generating excitement within the Bitcoin ecosystem. On April 9, Thesis, a venture studio focused on Bitcoin, unveiled the Bitcoin Economic Layer, dubbed "Mezo." Mezo leverages Proof of HODL (PoH), a novel mechanism that rewards Bitcoin holders based on their length of deposits.

Nomic 和 Babylon 的整合並不是比特幣生態系統中唯一令人興奮的第 2 層解決方案。 4 月 9 日，專注於比特幣的風險工作室 Thesis 推出了比特幣經濟層，稱為「Mezo」。 Mezo 利用 HODL 證明（PoH），這是一種根據比特幣持有者的存款期限獎勵比特幣持有者的新穎機制。

"Mezo is unique in that it fosters a Bitcoin circular economy," said a Thesis press release. "The Thesis-built tBTC token will facilitate trust-minimized bridging to other protocols, promoting the seamless flow of value within the Bitcoin ecosystem."

「Mezo 的獨特之處在於它促進了比特幣循環經濟，」論文新聞稿寫道。 “論文構建的 tBTC 代幣將促進與其他協議的信任最小化橋接，促進比特幣生態系統內價值的無縫流動。”

Flourishing Bitcoin Layer 2 Landscape

蓬勃發展的比特幣 Layer 2 格局

The Bitcoin Layer 2 landscape is flourishing, with several notable projects gaining traction. Merlin Chain, which launched in February 2024, has attracted over 25,000 BTC or $1.6 billion in staked bitcoin. Stacks, another leading Layer 2 solution, boasts a market capitalization of $4.5 billion and a TVL of $173 million.

比特幣 Layer 2 格局正在蓬勃發展，幾個著名項目正在蓬勃發展。 Merlin Chain 於 2024 年 2 月推出，已吸引了超過 25,000 BTC（即價值 16 億美元的比特幣）。 Stacks 是另一個領先的 Layer 2 解決方案，其市值為 45 億美元，TVL 為 1.73 億美元。

Conclusion

結論

The explosion of activity on the Bitcoin network signifies a transformative moment for the oldest cryptocurrency. The introduction of LSTs and the emergence of a robust Layer 2 ecosystem are empowering Bitcoin holders to unleash the potential of their BTC and participate in the growing DeFi landscape. This renaissance is not only revolutionizing the way Bitcoin is used but also propelling the broader crypto industry forward. As these innovations continue to mature, the future of Bitcoin and the DeFi ecosystem looks increasingly bright.

比特幣網路上的活動激增標誌著最古老的加密貨幣的變革時刻。 LST 的引入和強大的 Layer 2 生態系統的出現使比特幣持有者能夠釋放其 BTC 的潛力並參與不斷發展的 DeFi 領域。這種復興不僅徹底改變了比特幣的使用方式，而且推動了更廣泛的加密產業向前發展。隨著這些創新的不斷成熟，比特幣和 DeFi 生態系統的未來看起來越來越光明。