Eigenlayer生态玩法全面解读：正向意义大于潜在风险，潜力项目值得高度关注

Odaily星球日报Publicado a 2024-02-05Actualizado a 2024-02-05

Resumen

Eigenlayer的模式是有可能跑通的，热别是在模块化日益流行的今天，这种快速、便捷、低成本的部署方式是非常具有想象力的叙事。

1、风险：安全共享的逻辑难题和盈利难题

从本质上而言，Eigenlayer 项目是以太坊生态的套娃项目，假设按照这种安全共享逻辑，理论上可以无限套娃，与 08 年次贷危机的根源有着高度相似的结构。这也是V神对再质押风险担忧的一个重要原因，换言之就是再质押协议在重大损失事件中依赖以太坊的底层共识，这种冲击会传导至 1 层网络，从而引发一层网络自体的规范冲突，也就是所谓“共识过载”的问题，用金融世界的话语就是，对共识本身的过度加杠杆可能引发共识本身的坍塌。

Eigenlayer 的套娃属性不能否认，但假如在有限套娃的基础上，这的确不仅是提高以太坊上资产运行效率的一种方式，同时也适度的延展了以太坊主链上的安全共识，确实非常有利于以太坊生态本身的繁荣，就项目本质而言，其提供的就是 SaaS 服务，尽管也有人称之为 RaaS。如果我们对加密世界的未来一段时间做个展望，一个显著的趋势是公链竞争已经进入了春秋战国时代，多链辉映，Daaps 层出不穷，加密世界为数不多的高等级安全共识就成为了香饽饽，而这正是 Eigenlayer 类项目的舞台，在这个角度上，其积极的意义大于潜在的危险。

从风险角度而言，Eigenlayer 项目最大的潜在风险是源自安全共享这个概念本身的逻辑难题，有能力确保安全的不需要共享，需要共享的本身就极其不安全，很可能暴雷。所以，从商业模式角度，Eigenlayer 还有很长的路要走，特别是对于再质押者而言，如果没有很高的收益或者空投，基本不可能来搞再质押，未来能不能稳定盈利真的要打一个问号，但至少在短期内，有一众顶级投资机构的加持和概念的加持，市值预期是没有任何问题的。从长期而言，Eigenlayer 的模式是有可能跑通的，热别是在模块化日益流行的今天，这种快速、便捷、低成本的部署方式是非常具有想象力的叙事。

2、玩法：潜力项目一览

（1）再质押项目

●Eigenlayer 质押：

官网：https://app.eigenlayer.xyz/

具体方式：目前提供了 9 种 LRT，其中 LIDO 的 stETH 和 Swell 的 swETH 的 TVL 较大，如退出需要经历 7 天等待。此外还提供了原生质押，如前文所述，此项针对的是具有以太坊验证节点的大户而言，不适合普通玩家。

收益：除了再质押收益，还可以获得积分，积分数量可能是后续发空投的依据。积分计算除了看质押的量，也看时间，官网给出的示例为：用户质押 1 stETH 质押 10 天，可获得 240 积分。计算公式为： 1 ETH×× 10 天× 24 小时/天。

●swell network 质押：

官网：https://app.swellnetwork.io

项目玩法：一种是 swETH Liquid Staking，在官网质押 ETH，可以获得 swETH，再去 eigenlayer 上进行再质押。一种是 rswETH Liquid Restaking，即在 Swell 质押 ETH 可以获得 rswETH，直接完成再质押。

收益：质押收益，Eigenlayer 积分，SWELL 积分/代币

●Kelp DAO

官网：https://kelpdao.xyz/restake/

玩法：由 Stader Lab 做的 Restaking 项目，主要的模式就是 Liquid-LSD Restaking，即可以存入 lido 的 stETH 获得 rsETH，目前尚不能赎回。

收益：质押收益+eigenlayer 积分+kelp 积分

●Puffer finance

官网：https://puffer.fi

项目进展：Binance Labs（1 月 30 日宣布）、Brevan Howard Digital、Jump Crypto 和 Lightspeed Faction 以及 Eigenlayer 创始人的投资，项目方是原 chainlink 工程师 Jason Vranek 创业，技术背景雄厚。此外种子轮区块先生、神鱼等 OG 均有参投。非常值得重点关注。

项目模式：从目前的消息看主要是原生质押为主，预计推出双代币模型，具体未披露。

●Renzo

官网：https://app.renzoprotocol.com/restake

玩法：目前 TV L1 60 M，质押 ETH 获得 ezETH，暂无法赎回。24 年 TVL 快速增长。

收益：质押收益+eigenlayer 积分+Renzo 积分（按持有小时积分）

●etherfi

官网：https://app.ether.fi/

玩法：目前 TVL 532.7 M，质押 ETH 获得 eETH， 14 天可赎。

收益：质押收益+eigenlayer 积分+ether 积分（质押的 ETH* 1000*质押天数）

● eigenpie

https://www.eigenlayer.magpiexyz.io/restake

该项目将会在另一篇文章中详细介绍

（2）生态项目：Altlayer 及其它生态潜力项目

目前 Eigenlayer 的生态中，最近的 ALTlayer（AVS 和 roll-up 服务）可谓出尽风头，币价上涨也迅速点燃了 Eigenlayer 生态的其它项目。

Eigenlayer 生态中，主要大类分为 AVS、Roll-up 和 Operator 三种。

Eigenlayer生态玩法全面解读：正向意义大于潜在风险，潜力项目值得高度关注

重点项目介绍

●EigenDA：数据可用层（DA）

主要介绍：eigenlayer 推出的第一个官方 AVS 服务，Restakers 可以将权益委托给为 EigenDA 执行验证任务的节点运营商，以换取服务付款，并且 Rollups 也能够将数据发布到 EigenDA。

其他生态类似项目：AltLayer、Celo、Mantle、Movement、Caldera、Layer N、Polymer Labs

●Witness Chain：见证链

主要介绍：中间件，见证链利用 eigenlayer 构建去中心化的监控网络，为 OP rollup 提供 AVS 服务可证明的监控。

●Lagrange：跨链桥

主要介绍：跨链基础设施，主要用于跨链的状态验证，验证和确认 optimistic rollup 的提案块状态转换，并生成零知识状态证明。目前是兼容 EVM，未来会进一步兼容非 EVM 链条，如 Solana、sui 等。

●Espresso：去中心化排序器

主要进展：种子轮 3200 万美金，立项主要是做隐私公链；项目方早期深陷侵权和道德丑闻。后转做去中心化排序器，主要是为 Rollups 提供了一个模块化 Sequencer 共享组件，能够快速实现一键发链。

●Omni：L1区块链，https://omni.network/

主要进展：目前已获得 18 M 的融资，coinbase、jumpcapital、Polygon、Pantera Capital 等投资，目前可以通过其测试网在 Galxe 平台里面的 Omni Overdrive Launch Supporter，赚取积分。

●layerN：模块化L2，https://www.layern.com/

主要进展： 23 年 9 月获 Founders Fund 和 dao 5 联合领投 500 万美元，迄今已获得 3 轮融资。公共测试网在 2 月份上线，可体验。

●Polyhedra Network  ZKP 赛道，跨链桥

主要进展：累计融资 2500 万美金，包括 Binance Labs、Polychain Capital、ABCDE Labs、OKX 等知名机构。目前可以通过chainlist.org参与早期测试币或者参与

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