ezETH 飆升，加劇流動性代幣市場競爭

Renzo 的ezETH 代幣在流動性重新抵押(LRT) 領域獲得了可觀的市場份額，使其總供應量增加了30%，達到7.3 億美元，超過了Ether.fi 在第2 層區塊鏈上的eETH。隨著 EigenLayer 推出其主網以及 Gearbox 和 Juice 等其他整合即將到來，LRT 協議之間的競爭預計將加劇。

Liquid Restaking Tokens: Renzo's ezETH Surges, Competition Intensifies

Liquid 重新抵押代幣：Renzo 的 ezETH 激增，競爭加劇

In the rapidly evolving world of decentralized finance (DeFi), liquid restaking tokens (LRTs) have emerged as a transformative tool, offering users the ability to enhance the security of Ethereum validators while simultaneously participating in DeFi activities. Among the leading providers of LRTs, Renzo's ezETH has recently gained significant market share, while its primary competitor, Ether.fi's eETH, continues to hold a dominant position.

在快速發展的去中心化金融 (DeFi) 世界中，流動性重新抵押代幣 (LRT) 已成為一種變革性工具，使用戶能夠在參與 DeFi 活動的同時增強以太坊驗證器的安全性。在領先的輕軌供應商中，Renzo 的 ezETH 最近獲得了顯著的市場份額，而其主要競爭對手 Ether.fi 的 eETH 繼續佔據主導地位。

ezETH's Rapid Growth

ezETH的快速成長

Renzo's ezETH has witnessed a remarkable surge in total supply over the past week, adding 30%, or approximately $730 million, to its overall market capitalization. This impressive growth has bolstered ezETH's position in the competitive LRT sector.

過去一周，Renzo 的 ezETH 總供應量顯著激增，其總市值增加了 30%，約 7.3 億美元。這一令人印象深刻的成長鞏固了 ezETH 在競爭激烈的輕軌行業中的地位。

The total supply of ezETH circulating on layer 2 blockchains, such as Arbitrum and Optimism, has reached $680 million, surpassing the $428 million in eETH present on layer 2 networks. This shift towards layer 2 deployments reflects the growing adoption of these networks due to their reduced transaction fees and enhanced scalability.

Arbitrum 和 Optimism 等 Layer 2 區塊鏈上流通的 ezETH 總供應量已達到 6.8 億美元，超過 Layer 2 網路上 eETH 的 4.28 億美元。這種部署到第 2 層的轉變反映了這些網路由於交易費用降低和可擴展性增強而得到越來越多的採用。

The Restaking Concept

重質押概念

Restaking is a novel concept introduced by the Ethereum-based protocol EigenLayer. It empowers users to deposit their staked Ether into EigenLayer, thereby extending the security of Ethereum validators to other protocols. In return for staking their Ether, users receive an LRT, such as ezETH, which can be utilized throughout the DeFi ecosystem.

重新抵押是基於以太坊的協議 EigenLayer 引入的新穎概念。它使用戶能夠將質押的以太幣存入 EigenLayer，從而將以太坊驗證器的安全性擴展到其他協議。作為質押以太幣的回報，用戶會收到 LRT，例如 ezETH，它可以在整個 DeFi 生態系統中使用。

Market Share Contention

市佔率爭奪

The competition for market share in the LRT space is intensifying, with the recent launch of EigenLayer's mainnet and the upcoming integration of eETH into Juice's leverage farming vaults. Additionally, Gearbox, another leverage farming protocol, has announced plans to integrate ezETH on Arbitrum, marking the launch of the first leveraged point farming market on this network.

隨著 EigenLayer 主網最近的推出以及 eETH 即將整合到 Juice 的槓桿農業金庫中，輕軌領域的市場份額競爭正在加劇。此外，另一個槓桿挖礦協議 Gearbox 宣布計劃將 ezETH 整合到 Arbitrum 上，標誌著該網路上第一個槓桿挖礦市場的推出。

Technical Advantages of ezETH

ezETH的技術優勢

Renzo's ezETH offers several technical advantages that have contributed to its recent success. On Mode, an Ethereum layer 2 built using the Optimism SDK, ezETH deposits earn double the Mode points, incentivizing users to stake their Ether through Renzo.

Renzo 的 ezETH 提供了多項技術優勢，這些優勢促成了其最近的成功。在使用 Optimism SDK 構建的以太坊第 2 層 Mode 上，ezETH 存款可賺取雙倍的 Mode 積分，從而激勵用戶透過 Renzo 質押他們的以太幣。

Furthermore, Renzo's integration with Blast, an Ethereum layer 2 offering a native yield on deposits, has proven to be a significant driver of demand for ezETH. Blast's Juice protocol allows users to leverage their ezETH deposits to amplify their point earnings, further enhancing the attractiveness of Renzo's LRT.

此外，Renzo 與 Blast（提供原生存款收益率的以太坊第 2 層）的整合已被證明是 ezETH 需求的重要驅動力。 Blast 的 Juice 協議允許用戶利用他們的 ezETH 存款來放大他們的積分收益，進一步增強 Renzo 的 LRT 的吸引力。

Risks Involved in Leveraged Farming

槓桿農業涉及的風險

While leveraged farming strategies can enhance potential returns, it is crucial to acknowledge the associated risks. The complex daisy chain of points earned through Renzo, EigenLayer, Hyperlock, Thruster, Juice, and Blast introduces multiple layers of risk, including liquidation and protocol vulnerabilities.

雖然槓桿農業策略可以提高潛在回報，但承認相關風險至關重要。透過 Renzo、EigenLayer、Hyperlock、Thruster、Juice 和 Blast 獲得的複雜積分菊花鏈引入了多層風險，包括清算和協議漏洞。

Conclusion

結論

The battle for market share in the LRT space is set to escalate following the launch of EigenLayer's mainnet and the upcoming integrations by Juice and Gearbox. Renzo's ezETH has emerged as a formidable contender, leveraging its technical advantages and innovative collaborations to capture an increasing share of the market. As the competition intensifies, it will be fascinating to witness the ongoing evolution of this rapidly expanding sector within the DeFi landscape.

隨著 EigenLayer 主網的推出以及 Juice 和 Gearbox 即將進行的整合，輕軌領域的市場份額爭奪戰將進一步升級。 Renzo 的 ezETH 已成為一個強大的競爭者，利用其技術優勢和創新合作來佔領越來越多的市場份額。隨著競爭的加劇，見證這個快速擴張的領域在 DeFi 領域的持續演變將是一件令人著迷的事情。