浅谈方兴未艾的BTC Staking生态：BounceBit和Babylon

Odaily星球日报Pubblicato 2024-03-06Pubblicato ultima volta 2024-03-06

Introduzione

用质押的BTC资产保护其他网络，Restaking能够为BTC开辟出另外一条生息道路来。

原文作者：雨中狂睡

Restaking 在今年已然成为市场上最受欢迎的概念之一。

Restaking 是一种将主网流动性质押代币重复质押，用以支持其他区块链网络的行为。同时，Restaking 还将为流动性质押代币带来更多收益的可能。

这种 Restaking 常见于以太坊上，但在 Cosmos、Solana 网络上同样出现了相关协议。Restaking 协议，用以扩展和拓展 Cosmos 生态 Layer 1 和 Solana 的影响力。甚至，游戏公链 Ronin 也宣布推出了 $RON 再质押功能。

除此之外，最容易被我们忽视的是，方兴未艾的 BTC Restaking 生态。

作为 Crypto 世界最重要的资产，BTC 的资产生息往往通过借贷产生，而 Restaking——用质押的 BTC 资产保护其他网络，则能够为 BTC 开辟出另外一条生息道路来。

目前，BTC 生态中有两个协议正在做这样的事情： @bounce_bit 和 @babylon_chain

简单来聊一下这两条 BTC Staking 链。

这两条链的核心就是 Staking：

  • BounceBit 的 Staking 是交给 CeFi 托管机构，并在 BounceBit 链上铸造 bounceBTC。这时，用户就可以将 bounceBTC 委托给 Staking 运营节点，运营节点给到用户 stBTC——bounceBTC 质押的流动性版本。用户也可以通过 stBTC 在链上 DeFi 中获得更多的收益可能性。这意味着，bounceBTC 用户将获得三种类型的收益： 1、CeFi 收益；2、质押收益；3、DeFi 收益。

  • Babylon 的 Staking 是自托管的，托管合约由 UTXO 交易来表达。Babylon 正在做的事情就是构建三种安全共享协议：比特币质押协议、比特币时间戳协议和比特币数据可用性协议。简单来聊一下「Bitcoin Timestamping Protocol 比特币时间戳协议」：比特币时间戳协议就是用于同步 PoS 链和 BTC 链的，防止用户在 BTC 链上退出质押，但在 PoS 链显示还未退出，可以继续投票继续参与治理这种情况的发生。

目前，两者的融资情况是这样的：

  • BounceBit 在此前完成了 600 万美元的种子轮融资，由 Blockchain Capital 和 Breyer Capital 共同领投。

  • Babylon 在去年 12 月完成了 1800 万美元的 A 轮融资，由 Polychain Capital 和 Hack VC 领投，后续 Binance Labs 对其追加了投资。

本质上，BounceBit 和 Babylon 都想在 BTC 价值存储的基础上，为 BTC Holder 提供更高的收益可能。Babylon 构建了一种 BTC Restaking 基础设施，采用的是自托管形式。而 BounceBit 在 Restaking 的考量中，采用的是由 CeFi 机构托管 BTC 的形式，并且 BounceBit 已经把 Restaking 之后路想好了，包括 LRT、DeFi 采用等等，用户应该可以在其上了主网之后直接使用这些产品来提升 BTC 收益率。

对于用户而言，BounceBit 的产品线更易理解，目前 BounceBit 已经开启存款活动——用户可以通过存款来获得积分，以此得到未来的空投。而 Babylon 目前还没有相关存款活动，不过 Babylon 已经开启测试网活动，完成任务领取第二个 Babylon Beacon Badge NFT。

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