Renzo流動性質押代幣暴跌，引發清盤危機

Renzo 的流動性重新抵押代幣（LRT）ezETH 經歷了一次重大的脫鉤事件，導致 Gearbox 等槓桿協議被清算。該代幣的價值在 CoinMarketCap 上跌至 2,755 美元的低點，然後又回升，而 Uniswap 由於流動性挑戰，更嚴重的脫鉤至 700 美元。

Renzo's Liquid Restaking Token Plunges in Value, Sparking Liquidation Crisis

Renzo 的流動性重新抵押代幣價值暴跌，引發清算危機

Introduction

介紹

Renzo Protocol, a prominent liquid restaking platform, has encountered a significant depegging event involving its liquid restaking token (LRT), ezETH. This incident has led to widespread liquidations and raised concerns about the potential risks associated with LRTs.

Renzo Protocol 是一家著名的流動性重新抵押平台，遭遇了涉及其流動性重新抵押代幣（LRT）ezETH 的重大脫鉤事件。這起事件導致了廣泛的清算，並引發了人們對輕軌相關潛在風險的擔憂。

Depegging and Liquidations

脫鉤和清算

According to data from CoinMarketCap, ezETH's value plummeted to a low of $2,755 before recovering to its current level of $3,178. This sharp decline resulted in the liquidation of several Credit Accounts on the DeFi protocol Gearbox, which confirmed that 115 accounts were liquidated and 10,650 ezETH were sold on the Balancer pool. The protocol's founder, 0xmikko, stated that the liquidation losses were automatically covered by an internal Gearbox reserve fund.

根據 CoinMarketCap 的數據，ezETH 的價值暴跌至 2,755 美元的低點，然後又恢復至目前的 3,178 美元水準。這種急劇下降導致 DeFi 協議 Gearbox 上的多個信用帳戶被清算，確認有 115 個帳戶被清算，Balancer 池上出售了 10,650 ezETH。該協議的創始人 0xmikko 表示，清算損失將自動由 Gearbox 內部儲備基金彌補。

Additionally, Cork Protocol, another DeFi platform, reported a substantial sell-off of ezETH held as collateral. This influx of supply overwhelmed the market, driving the price of ezETH down to $0.2.

此外，另一個 DeFi 平台 Cork Protocol 報告稱，作為抵押品的 ezETH 遭到大幅拋售。供應的湧入壓垮了市場，導致 ezETH 的價格跌至 0.2 美元。

Phishing Scams and Market Manipulation

網路釣魚詐騙和市場操縱

The liquidations coincided with the release of Renzo's native REZ token, prompting the emergence of Renzo-related phishing scams on social media platforms. Web3 security firm Scam Sniffer identified two instances where Renzo users collectively lost over $500,000 to malicious permit signature scams.

此次清算與 Renzo 的原生 REZ 代幣發布同時發生，促使社交媒體平台上出現與 Renzo 相關的網路釣魚詐騙。 Web3 安全公司 Scam Sniffer 發現了兩個 Renzo 用戶因惡意許可證簽名詐騙而總共損失超過 50 萬美元的實例。

Amidst the market turmoil, trader czsamsunsb.eth capitalized on the situation by investing 4,099 ETH to acquire 4,221 ezETH. This investment proved lucrative, yielding a profit of 121.65 ETH, as per Lookonchain's findings.

在市場動盪中，交易員 czsamsunsb.eth 利用這一情況投資 4,099 ETH 購買了 4,221 ezETH。根據 Lookonchain 的調查結果，這項投資被證明是有利可圖的，產生了 121.65 ETH 的利潤。

Risks for LRTs

輕軌的風險

Crypto analyst Tommy cautioned that the depegging event highlights significant risks associated with LRTs, even those with withdrawal options enabled. He noted that depegging events in decentralized exchange (DEX) pools could occur due to temporary imbalances.

加密貨幣分析師湯米警告說，脫鉤事件突顯了與輕軌相關的重大風險，即使是那些啟用了提款選項的輕軌。他指出，由於暫時的失衡，去中心化交易所（DEX）池中可能會發生脫鉤事件。

DeFi researcher Ignas expressed concerns about the potential exacerbation of LRT depegging, particularly if Eigenlayer, the platform where these tokens operate, introduces two key upgrades: slashing and permissionless AVS.

DeFi 研究員 Ignas 對 LRT 脫鉤可能會加劇表示擔憂，特別是如果這些代幣運營的平台 Eigenlayer 引入兩項關鍵升級：削減和無需許可的 AVS。

Ignas explained that an AVS malfunction leading to slashing could reduce restaked ETH balances and trigger substantial disruption to LRT pegs due to liquidity concerns and panic-driven mass withdrawals. He noted that while prices may stabilize post-slash, the interim period could witness harsh liquidations.

Ignas 解釋說，AVS 故障導致大幅削減可能會減少重新抵押的 ETH 餘額，並由於流動性擔憂和恐慌驅動的大規模提款而引發 LRT 錨定的嚴重中斷。他指出，雖然價格在大幅削減後可能會穩定，但過渡期間可能會出現嚴重的清算。

Conclusion

結論

Renzo's ezETH depegging event has sparked widespread liquidations and raised concerns about the risks associated with LRTs. Analysts warn that depegging events could occur in DEX pools and that slashing and permissionless AVS upgrades on Eigenlayer could exacerbate these risks. These concerns underscore the need for caution when utilizing LRTs, particularly those with low liquidity and high collateral acceptance.

Renzo 的 ezETH 脫鉤事件引發了大規模的清算，並引發了人們對輕軌相關風險的擔憂。分析師警告稱，DEX 池中可能會發生脫鉤事件，而 Eigenlayer 上的大幅削減和未經許可的 AVS 升級可能會加劇這些風險。這些擔憂凸顯了在使用輕軌時需要謹慎，特別是那些流動性低且抵押品接受度高的輕軌。