以太幣重新抵押：加密貨幣抵押的革命性創新

由 EigenLayer 協議支援的以太坊重新抵押允許抵押的 ETH 保護附加協議，從而提高資本效率並增強網路安全性。透過利用以太坊的驗證者網絡，協議受益於增強的信任和安全性，而驗證者則獲得額外的獎勵。然而，重新抵押會帶來潛在風險，包括智慧合約漏洞以及缺乏針對惡意驗證者的削減機制。

Ethereum Restaking: Unlocking Additional Utility and Security for Staked ETH

以太坊重新抵押：為抵押的 ETH 解鎖額外的實用性和安全性

Introduction

介紹

Ethereum restaking, a novel concept enabled by the EigenLayer protocol, is revolutionizing the realm of crypto staking. By allowing staked Ethereum (ETH) to be repurposed as security for additional protocols, restaking enhances both capital efficiency and network security.

以太坊重新抵押是 EigenLayer 協議啟用的新穎概念，正在徹底改變加密貨幣抵押領域。透過允許質押的以太坊（ETH）重新用作其他協議的安全性，重新質押可以提高資本效率和網路安全性。

How Does Ethereum Restaking Work?

以太坊重新抵押如何運作？

Stakers can participate in the EigenLayer protocol by transferring their previously staked ETH or liquid staking tokens (LSTs) to EigenLayer's smart contracts. This action allows their staked ETH to be used for securing other protocols, thereby generating additional rewards.

質押者可以透過將先前質押的 ETH 或流動性質押代幣（LST）轉移到 EigenLayer 的智能合約來參與 EigenLayer 協議。這項行動允許他們質押的 ETH 用於保護其他協議，從而產生額外的獎勵。

EigenLayer serves as a marketplace for pooled security, facilitating the purchase of security by protocols from ETH validators who opt to provide their staked ETH as a security resource. This creates a competitive environment where validators can select which protocols to support based on the rewards offered, fostering alignment of incentives within the ecosystem.

EigenLayer 是一個集合安全的市場，透過 ETH 驗證者的協議來促進購買安全，這些驗證者選擇提供其質押的 ETH 作為安全資源。這創造了一個競爭環境，驗證者可以根據提供的獎勵選擇來支持哪些協議，從而促進生態系統內激勵措施的協調。

Advantages of Ethereum Restaking

以太坊重質押的優勢

Ethereum restaking offers a plethora of advantages:

以太坊重新抵押具有諸多優勢：

• Capital Efficiency: Stakers can leverage their existing staked ETH to earn additional rewards from multiple protocols without requiring additional capital.
• Pooled Security: By enabling staked ETH to be utilized across various protocols, pooled security provides a foundation for smaller or newer projects, allowing them to establish a trust base without incurring substantial initial costs.
• Flexibility: Validators gain flexibility in managing their risk and reward profiles by choosing protocols to secure based on their respective returns.
• Innovation Fosterance: Developers can innovate more confidently, knowing that their projects can benefit from an established security base.

Disadvantages of Ethereum Restaking

資本效率：質押者可以利用其現有質押的ETH 從多個協議中賺取額外獎勵，而無需額外資本 池化安全性：透過使質押的ETH 能夠在各種協議中使用，池化安全性。為較小或較新的專案提供了基礎，使他們能夠建立信任基礎，而不會產生大量初始成本。 。

While Ethereum restaking offers significant benefits, it also presents certain drawbacks:

雖然以太坊重新抵押帶來了顯著的好處，但它也存在一些缺點：

• Complexity: The system introduces additional complexity for both validators and users, who must navigate multiple smart contracts and comprehend the nuances of various protocols.
• Centralization Risk: As stakers may gravitate towards protocols offering higher yields, there is a potential risk of centralization, whereby a handful of protocols could dominate.

Key Players in the Ethereum Restaking Space

複雜性：該系統為驗證者和使用者帶來了額外的複雜性，他們必須瀏覽多個智能合約並理解各種協議的細微差別。收益的協議，因此存在潛在的中心化風險，即少數協議可能佔據主導地位。

• EigenLayer: The cornerstone of Ethereum restaking, EigenLayer facilitates restaking capabilities and connects decentralized services with stakers.
• AltLayer: Utilizes restaked rollups, combining multiple transactions into a single unit, reducing congestion, and enhancing scalability.
• Omni Network: Serves as a bridge within the Ethereum ecosystem, uniting rollup technologies to create a cohesive environment for developers.
• Renzo: A user-friendly liquid restaking protocol that aims to simplify access to the EigenLayer ecosystem.

Conclusion

EigenLayer：以太坊重新抵押的基石，EigenLayer 促進重新抵押功能並將去中心化服務與抵押者連接起來。 Omni Network：充當以太坊內的橋樑Renzo：一種用戶友好的液體重新抵押協議，旨在簡化對 EigenLayer 生態系統的訪問。

Ethereum restaking through EigenLayer represents a paradigm shift in the utilization of staked assets. It enhances the scalability and security of the Ethereum ecosystem while providing validators and stakers with novel opportunities for maximizing returns. As the technology matures and its potential vulnerabilities are addressed, Ethereum restaking is poised to play an increasingly significant role in the crypto landscape.

以太坊透過 EigenLayer 重新抵押代表了抵押資產利用的典範轉移。它增強了以太坊生態系統的可擴展性和安全性，同時為驗證者和利害關係人提供了最大化回報的新機會。隨著技術的成熟及其潛在漏洞的解決，以太坊重新抵押有望在加密貨幣領域發揮越來越重要的作用。