比特幣重述引入最大化BTC獎勵的新方法

去年，巴比倫連鎖店推出，向比特幣持有人引入“股權”功能，將BTC轉變為產生產生的資產

Babylon Chain, a leading Bitcoin (BTC) staking platform, has launched 'staking' functionality. The new feature will allow BTC holders to transform their idle tokens into yield-generating assets, putting the crypto giant to work in new and interesting ways.

領先的比特幣（BTC）Staking平台巴比倫連鎖店已經啟動了“ Staking”功能。新功能將使BTC持有人能夠將其閒置代幣轉變為產生產生的資產，從而使加密巨頭以新穎有趣的方式工作。

As explained by Babylon Chain, it has partnered with SatLayer, the main protocol for Bitcoin restaking, to enable those who already have BTC locked in Babylon's smart contracts to reuse those tokens and help to secure additional decentralized applications.

正如巴比倫連鎖店所解釋的那樣，它與Satlayer合作，Satlayer是比特幣重新生產的主要協議，使那些已經鎖定BTC的人可以鎖定巴比倫的智能合約，以重新使用這些代幣並幫助確保額外的分散應用程序。

This arrives after the launch of EigenLayer's protocol on Ethereum earlier in the year. EigenLayer's protocol allows those who have staked ETH to take their 'liquid staking tokens' (LSTs) and use them to secure 'Actively Validated Services', or AVSs, which are dApps that lack economic security. In return for restaking, users are rewarded with a portion of the dApp's native tokens, in addition to the rewards they receive for their staked ETH.

在今年早些時候啟動Eigenlayer的以太坊協議時，這到達。 Eigenlayer的協議允許那些已將ETH固定的人使用“液體藏有代幣”（LST），並使用它們來確保“積極驗證的服務”或AVSS，或者是缺乏經濟安全的DAPP。作為恢復生產的回報，除了他們對固定的ETH獲得的獎勵，用戶還獲得了DAPP本地令牌的一部分。

The Importance of Restaking

重新生產的重要性

When users stake tokens, be it ETH or BTC or something else, those assets generally sit idle in the validator's smart contract, earning rewards while they’re locked up. Restaking was conceived as a way to put those locked tokens back into circulation.

當用戶股權代幣，無論是ETH還是BTC或其他東西時，這些資產通常都會在驗證者的智能合約中閒置，在鎖定時會獲得獎勵。恢復是一種將那些被鎖定令牌的人恢復流通的方式。

Essentially, when users stake crypto, they receive a "liquid staking token" as a kind of receipt for their locked tokens. They can then use these LST tokens as they wish – trading them for other tokens, depositing them as collateral for a loan, providing DeFi liquidity, or “restaking” with other protocols.

從本質上講，當用戶賭注加密時，他們會收到一個“液體含有代幣”作為鎖定令牌的一種收據。然後，他們可以按照自己的意願使用這些LST令牌 - 將它們交易為其他代幣，將其作為貸款的抵押品存放，提供Defi流動性或與其他協議“重新製作”。

The first restaking protocol was EigenLayer on Ethereum, which allows ETH stakers to take their LSTs and use them to secure "Actively Validated Services", which are decentralized applications that lack economic security. In return for restaking, users are rewarded with additional yield. So not only do they earn rewards on their staked ETH, but also rewards for their restaked LSTs.

第一個重新制定的協議是以太坊上的特徵萊納，它允許ETH Stakers採用其LST並使用它們來確保“積極驗證的服務”，這些服務是缺乏經濟安全的分散申請。作為重新生產的回報，用戶將獲得額外的收益率。因此，他們不僅可以在其固定的ETH上獲得獎勵，而且還可以為其休息的LST獎勵。

On Ethereum, there are two kinds of restaking – native and liquid. Native restaking is only available to Ethereum validators, who must utilize smart contacts to manage the assets staked on their node. Liquid restaking is for everyone else and involves depositing LSTs with protocols such as EigenLayer.

在以太坊上，有兩種重新生產 - 天然和液體。本機重新生產僅適用於以太坊驗證者，他們必須利用智能聯繫人來管理放在節點上的資產。液體重新生產適用於其他所有人，並涉及將LST存放在諸如Eigenlayer等方案中。

On Bitcoin, the main protocol for restaking is called SatLayer, which allows users to restake Bitcoin-based LSTs such as stBTC, LBTC, and FBTC from Babylon and other Bitcoin staking platforms, such as Lorenzo Protocol and Ignition FBTC, and maximize their rewards.

在比特幣上，重新生產的主要協議稱為Satlayer，該協議允許用戶從Babylon和其他比特幣鑄造平台（例如Lorenzo Protoction and Ignition and Ignition FBTC）重新啟動基於比特幣的LST，例如STBTC，LBTC和FBTC，並最大程度地提高了它們。

These Bitcoin LSTs are granted to Bitcoin stakers on a one-to-one basis. So if, for example, Dave stakes 10 BTC with Babylon, he’ll receive 10 stBTC in return. He can then take those stBTC tokens and deposit them into secondary markets within the DeFi ecosystem, trade them on an exchange, and now he also has the opportunity to restake them through SatLayer. All the time, Dave's original BTC will remain staked in Babylon's smart contract, earning rewards. It's just that he regains liquidity with the stBTC.

這些比特幣的LST是一對一授予比特幣Stakers的。因此，例如，如果戴夫（Dave）與巴比倫（Babylon）的戴夫（Dave）賭注10 BTC，他將獲得10個STBTC作為回報。然後，他可以將這些STBTC代幣拿到Defi生態系統內的二級市場，通過交易所進行交易，現在他也有機會通過Satlayer重新將它們重新歸還。戴夫（Dave）的原始BTC始終將保留在巴比倫的智能合約中，並獲得獎勵。只是他恢復了STBTC的流動性。

SatLayer uses these restaked BTC assets to secure what it calls Bitcoin Validated Services, which are similar to the AVSs supported by EigenLayer on Ethereum. By running a BVS on SatLayer, dApps can tap into the cryptoeconomic security of the Bitcoin blockchain.

Satlayer使用這些已重新播放的BTC資產來確保其所謂的比特幣驗證的服務，這些服務與Eigenlayer在以太坊上支持的AVSS相似。通過在Satlayer上運行BV，DAPP可以利用比特幣區塊鏈的加密經濟安全性。

Although it only launched late last year, SatLayer has attracted a significant amount of capital, with more than $283 million in total value locked, according to DeFiLlama.

根據Defillama的數據，儘管它僅在去年年底才推出，但Satlayer吸引了大量資本，總價值超過2.83億美元。

Maximizing Restaking Rewards

最大化重新恢復獎勵

SatLayer is an attractive option for Bitcoin DeFi fans, because it increases the capital efficiency of BTC, enabling them to reinvest staked assets and essentially double the return on investment. By staking BTC on Babylon, investors can earn an APR of 2.3% that’s paid out in the native tokens of the PoS blockchains they secure. In addition, they also earn “Babylon points”, which are currently of limited value but could entitle holders to receive additional crypto via an airdrop in the future.

Satlayer是比特幣Defi粉絲的一個有吸引力的選擇，因為它提高了BTC的資本效率，使他們能夠重新投資儲存的資產並從本質上講是投資回報率的兩倍。通過將BTC放在巴比倫上，投資者可以賺取2.3％的APR，這是在他們確保的POS塊鏈的本地代幣中支付的。此外，他們還賺取“巴比倫積分”，目前的價值有限，但可以將來通過Airdrop獲得額外的加密貨幣。

When users restake with SatLayer, they gain even more yield on their original staked BTC, maximizing the passive income they generate from their investment while boosting the overall Bitcoin ecosystem. They’ll also earn additional Babylon points because SatLayer was chosen by Babylon as its official restaking partner.

當用戶與Satlayer重新使用時，他們的原始固定BTC的收益率更高，從而最大程度地利用了他們從投資中產生的被動收入，同時又增強了整個比特幣生態系統。他們還將獲得額外的巴比倫積分，因為薩特萊爾被巴比倫選為其官方重新生產夥伴。

The mechanics of restaking can be a bit complicated, but just like regular DeFi, investors can utilize multiple protocols to “farm” increased rewards. SatLayer discusses several rewards farming strategies in a blog post, showing how it’s possible to stake and restake BTC LSTs through protocols including Babylon, Lombard, Ignition FBTC, Solv, Bedrock, PumpBTC, and Lorenzo Protocol to obtain the maximum rewards.

重新生產的機制可能有些複雜，但是就像常規的Defi一樣，投資者可以利用多種協議來“養殖”增加獎勵。 Satlayer在博客文章中討論了幾種獎勵耕作策略，顯示如何通過包括巴比倫，Lombard，Lombard，Ignition FBTC，SOLV，SOLV，BADROCK，PAMPROCK，PAMPBTC和LORENZO協議在內的協議來利用和重新啟動BTC LST，以獲得最大的獎勵。

Through its BVS’s, SatLayer solves what is commonly known as the “cold start” problem, where certain kinds of dApps, such as Layer

Satlayer通過其BVS解決了通常稱為“冷啟動”問題的問題，其中某些類型的Dapp（例如層）