探索流动性质押和流动性再质押的相互作用：Renzo 协议详细指南

以太坊的流动性重新抵押叙事已获得关注，因为它使用户能够通过不活跃的代币获得奖励。本指南介绍了液体重新抵押，解释了液体抵押和液体重新抵押之间的区别，以及 EigenLayer、Renzo 协议和主动验证服务 (AVS) 的作用。它还提供了使用 Renzo 协议重新抵押的分步指南，包括有关 REZ 代币、团队、投资者和币安 Launchpool 参与的信息。

Navigating the Nexus of Liquid Staking and Liquid Restaking: A Comprehensive Guide to Renzo Protocol

探索流动性质押和液体再质押的关系：Renzo 协议综合指南

The Ethereum ecosystem has been abuzz with transformative narratives over the years, and liquid restaking has emerged as a concept worthy of deep exploration. The subtle distinction between liquid staking and liquid restaking can initially puzzle even seasoned crypto enthusiasts. This guide endeavors to elucidate these concepts and provide a comprehensive understanding of Renzo Protocol, a key player in the liquid restaking landscape.

多年来，以太坊生态系统一直充满变革性的叙事，流动性重新抵押已成为一个值得深入探索的概念。流动性质押和流动性重新质押之间的微妙区别最初甚至会让经验丰富的加密货币爱好者感到困惑。本指南致力于阐明这些概念，并提供对 Renzo Protocol（液体重新抵押领域的关键参与者）的全面了解。

Deciphering Liquid Staking and Liquid Restaking

解读流动性质押和流动性重新质押

At the core of både liquid staking and liquid restaking lies the concept of staking. Staking involves depositing tokens, such as Ethereum (ETH), into a protocol, which in turn uses the staked assets to validate and secure a blockchain network. In exchange for providing this service, stakers earn rewards in the form of interest.

både 流动性质押和流动性再质押的核心在于质押的概念。质押涉及将以太坊 (ETH) 等代币存入协议，协议又使用质押资产来验证和保护区块链网络。作为提供这项服务的交换，质押者以利息的形式获得奖励。

Liquid Staking Tokens (LSTs)

Liquid 质押代币（LST）

In liquid staking, users deposit ETH into protocols like Rocket Pool, Lido, and Binance ETH. These protocols mint synthetic representations of the staked ETH, known as liquid staking tokens (LSTs). While the primary purpose of the staked ETH remains to bolster Ethereum's security, LSTs can be utilized for various DeFi initiatives.

在流动质押中，用户将 ETH 存入 Rocket Pool、Lido 和 Binance ETH 等协议中。这些协议铸造了质押 ETH 的合成表示，称为流动性质押代币 (LST)。虽然质押 ETH 的主要目的仍然是增强以太坊的安全性，但 LST 可用于各种 DeFi 计划。

Liquid Restaking Tokens (LRTs)

流动性重新抵押代币（LRT）

With liquid restaking, the staked ETH is deployed to enhance the security of external systems, such as oracle networks and rollups. Users receive synthetic tokens called liquid restaking tokens (LRTs), just as in liquid staking. However, the purpose of the LRTs differs from that of LSTs.

通过流动性重新质押，质押的 ETH 被部署来增强外部系统的安全性，例如预言机网络和 Rollups。用户收到称为流动性重新抵押代币（LRT）的合成代币，就像流动性抵押一样。然而，轻轨的目的与 LST 的目的不同。

EigenLayer: The Foundation of Liquid Restaking

EigenLayer：液体重新抵押的基础

EigenLayer serves as the foundational protocol for LRTs. It introduced restaking as a primitive, allowing users to repurpose their staked ETH within the Ethereum network. EigenLayer allows users to grant more enforcement rights on their staked ETH, empowering the protocol to restake the ETH on other applications.

EigenLayer 是 LRT 的基础协议。它引入了重新抵押作为一种原语，允许用户在以太坊网络中重新调整其抵押的 ETH 的用途。 EigenLayer 允许用户对其质押的 ETH 授予更多执行权，从而使协议能够在其他应用程序上重新质押 ETH。

Actively Validated Services (AVS): Applications Enhanced by EigenLayer

主动验证服务 (AVS)：EigenLayer 增强的应用程序

AVS encompasses a wide array of systems that require distributed validation, including sidechains, bridges, and oracle networks. By restaking their ETH on EigenLayer, users contribute to the security of these applications. Understanding AVSs is crucial to grasp the significance of Renzo Protocol.

AVS 包含大量需要分布式验证的系统，包括侧链、网桥和预言机网络。通过在 EigenLayer 上重新抵押他们的 ETH，用户可以为这些应用程序的安全做出贡献。了解 AVS 对于理解 Renzo 协议的重要性至关重要。

Renzo Protocol: Streamlining Staking Strategies

Renzo 协议：简化质押策略

Renzo Protocol is a platform built upon EigenLayer that simplifies the process of restaking. Renzo employs a combination of operator nodes and smart contracts to provide users with the most optimal risk-reward restaking strategy. The platform manages the complex decision-making involved in selecting AVSs, ensuring users secure the best risk-to-reward ratio.

Renzo Protocol 是一个基于 EigenLayer 构建的平台，可简化重新抵押的过程。 Renzo采用运营商节点和智能合约相结合的方式，为用户提供最优的风险回报重质押策略。该平台管理选择 AVS 所涉及的复杂决策，确保用户获得最佳的风险回报比。

ezETH: Renzo Protocol's Liquid Restaking Token

ezETH：Renzo 协议的 Liquid 重新抵押代币

ezETH represents the user's restaked position within Renzo Protocol. Users can stake native ETH or LSTs, such as wBETH and stETH, to acquire ezETH. It's noteworthy that ezETH is a reward-bearing token, which means its value can appreciate relative to underlying tokens due to its use in AVSs.

ezETH 代表用户在 Renzo 协议中重新抵押的位置。用户可以质押原生 ETH 或 LST（例如 wBETH 和 stETH）来获取 ezETH。值得注意的是，ezETH 是一种有奖励的代币，这意味着由于其在 AVS 中的使用，其价值相对于基础代币会升值。

Restaking with Renzo Protocol: A Step-by-Step Guide

使用 Renzo 协议重新质押：分步指南

1. Acquire ETH or LSTs in a compatible wallet.
2. Visit the Renzo Protocol dashboard and connect your wallet.
3. Pilih between the various ecosystems and assets supported, including native ETH, wBETH, and stETH.
4. Enter the desired staking amount and confirm.
5. Confirm the transaction within the interface.
6. Verify the transaction from your wallet.
7. Monitor your rewards in the Portfolio section.

Understanding ezPoints and their Significance

在兼容的钱包中获取 ETH 或 LST。访问 Renzo Protocol 仪表板并连接您的钱包。在支持的各种生态系统和资产之间进行 Pilih，包括原生 ETH、wBETH 和 stETH。输入所需的质押金额并确认。在界面。从您的钱包验证交易。在投资组合部分监控您的奖励。了解 ezPoints 及其意义

Renzo's ezPoints reward users for actively participating in the protocol. Holding ezETH continuously accumulates ezPoints, with higher balances and longer holding periods earning additional points. These points determine the allocation of REZ tokens following the token generation event.

Renzo 的 ezPoints 奖励积极参与该协议的用户。持有 ezETH 不断累积 ezPoints，余额越高、持有时间越长，可获得额外积分。这些点决定了代币生成事件之后 REZ 代币的分配。

REZ Token: Governing the Renzo Protocol

REZ 代币：管理 Renzo 协议

The REZ token is the governance token for Renzo Protocol. REZ holders can exercise their voting power on crucial protocol matters, including operator whitelisting, AVS selection, risk management frameworks, and treasury allocation.

REZ 代币是 Renzo 协议的治理代币。 REZ 持有者可以对关键协议事务行使投票权，包括运营商白名单、AVS 选择、风险管理框架和资金分配。

Tokenomics and Distribution

代币经济学和分配

The total supply of REZ tokens is capped at 10,000,000,000, with an initial circulating supply of 1,150,000,000. Fundraising, the community, core contributors, the foundation, and liquidity provision account for the majority of the distribution.

REZ代币的总供应量上限为10,000,000,000，初始流通量为1,150,000,000。筹款、社区、核心贡献者、基金会和流动性提供占据了分配的大部分。

The Renzo (REZ) Airdrop

Renzo项目空投糖果

A highly anticipated event for the community, the REZ airdrop will distribute 7% of the total supply based on accumulated ezPoints. A snapshot was taken on April 26th, 2024, with the claim date set for April 30th.

REZ 空投是社区备受期待的活动，将根据累积的 ezPoints 分配总供应量的 7%。快照拍摄于 2024 年 4 月 26 日，索赔日期设定为 4 月 30 日。

A Seasoned Team Orchestrating Renzo Protocol

经验丰富的团队协调 Renzo 协议

Renzo Protocol's founding team comprises experienced individuals with deep roots in the cryptocurrency industry, including Lucas Kozinski, James Coole, and Kratik Lodha. Their expertise spans lending, tokenization, and financial analytics.

Renzo Protocol 的创始团队由在加密货币行业扎根的经验丰富的人士组成，包括 Lucas Kozinski、James Coole 和 Kratik Lodha。他们的专业知识涵盖贷款、代币化和金融分析。

Prominent Investors Bolstering Renzo Protocol

知名投资者支持 Renzo 协议

Renzo Protocol has secured funding from reputable investors, including Maven11, IOSG Ventures, Binance Labs, and others. This support underscores the project's promising potential.

Renzo Protocol 已获得信誉良好的投资者的资助，包括 Maven11、IOSG Ventures、Binance Labs 等。这种支持凸显了该项目的巨大潜力。

Participating in the Binance Launchpool for Renzo Protocol (REZ)

参与 Renzo 协议 (REZ) 的币安启动池

The Binance Launchpool campaign for REZ ran until April 30th, with trading commencing on the same day. Users could stake FDUSD or BNB and earn REZ rewards. Staking rewards were calculated hourly, and users could claim their earned REZ once the listing was complete.

REZ 的币安 Launchpool 活动持续至 4 月 30 日，交易于同一天开始。用户可以质押 FDUSD 或 BNB 并获得 REZ 奖励。质押奖励按小时计算，一旦上市完成，用户就可以领取他们赚取的 REZ。

Closing Remarks

结束语

Renzo Protocol has gained significant traction in a short span of time, highlighting the burgeoning interest in liquid restaking. The platform offers a user-friendly solution for yield generation on dormant tokens. However, it's crucial for users to conduct thorough research and assess their risk tolerance before making any investment decisions.

Renzo 协议在短时间内获得了巨大的关注，凸显了人们对流动性重新抵押的兴趣日益浓厚。该平台为休眠代币的收益生成提供了一个用户友好的解决方案。然而，用户在做出任何投资决定之前进行彻底的研究并评估他们的风险承受能力至关重要。

The information provided in this article has been sponsored by Renzo Protocol. To take advantage of a special offer, readers of CryptoPotato can register and open a $500 BTC-USDT position on Bybit Exchange for free using this link.

本文中提供的信息由 Renzo Protocol 赞助。为了享受特别优惠，CryptoPotato 的读者可以使用此链接在 Bybit Exchange 免费注册并开设 500 美元的 BTC-USDT 头寸。