以太坊重新抵押：加密货币抵押的革命性创新

由 EigenLayer 协议支持的以太坊重新抵押允许抵押的 ETH 保护附加协议，从而提高资本效率并增强网络安全性。通过利用以太坊的验证者网络，协议受益于增强的信任和安全性，而验证者则获得额外的奖励。然而，重新抵押会带来潜在风险，包括智能合约漏洞以及缺乏针对恶意验证者的削减机制。

Ethereum Restaking: Unlocking Additional Utility and Security for Staked ETH

以太坊重新抵押：为抵押的 ETH 解锁额外的实用性和安全性

Introduction

介绍

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 协议启用的一个新颖概念，正在彻底改变加密货币抵押领域。通过允许质押的以太坊（ETH）重新用作其他协议的安全性，重新质押可以提高资本效率和网络安全性。

How Does Ethereum Restaking Work?

以太坊重新抵押如何运作？

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.

质押者可以通过将之前质押的 ETH 或流动性质押代币（LST）转移到 EigenLayer 的智能合约来参与 EigenLayer 协议。这一行动允许他们质押的 ETH 用于保护其他协议，从而产生额外的奖励。

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 是一个集合安全的市场，通过 ETH 验证者的协议来促进购买安全，这些验证者选择提供其质押的 ETH 作为安全资源。这创造了一个竞争环境，验证者可以根据提供的奖励选择支持哪些协议，从而促进生态系统内激励措施的协调。

Advantages of Ethereum Restaking

以太坊重质押的优势

Ethereum restaking offers a plethora of advantages:

以太坊重新抵押具有诸多优势：

• 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

资本效率：质押者可以利用其现有质押的 ETH 从多个协议中赚取额外奖励，而无需额外资本。 池化安全性：通过使质押的 ETH 能够在各种协议中使用，池化安全性为较小或较新的项目提供了基础，使他们能够建立信任基础，而不会产生大量初始成本。灵活性：验证者通过根据各自的回报选择保护协议，在管理风险和回报方面获得灵活性。创新培育：开发人员可以更加自信地进行创新，因为他们知道他们的项目可以从已建立的安全基础。以太坊重质押的缺点

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

虽然以太坊重新抵押带来了显着的好处，但它也存在一些缺点：

• 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

复杂性：该系统为验证者和用户带来了额外的复杂性，他们必须浏览多个智能合约并理解各种协议的细微差别。中心化风险：由于权益持有者可能会倾向于提供更高收益的协议，因此存在潜在的中心化风险，即少数协议可能占据主导地位。 以太坊重新抵押领域的关键参与者

• 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 促进重新抵押功能并将去中心化服务与抵押者连接起来。AltLayer：利用重新抵押汇总，将多个交易合并为一个单元，减少拥塞并增强可扩展性。Omni Network：充当以太坊内的桥梁Renzo：一种用户友好的液体重新抵押协议，旨在简化对 EigenLayer 生态系统的访问。结论

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.

以太坊通过 EigenLayer 重新抵押代表了抵押资产利用的范式转变。它增强了以太坊生态系统的可扩展性和安全性，同时为验证者和利益相关者提供了最大化回报的新机会。随着技术的成熟及其潜在漏洞的解决，以太坊重新抵押有望在加密货币领域发挥越来越重要的作用。