一文了解Berachain的流动性证明(PoL)共识机制

marsbitОпубліковано о 2024-08-13Востаннє оновлено о 2024-08-14

共识机制是确保区块链网络安全并实现其功能的关键。虽然权益证明 (PoS) 是一种可靠的方法,可确保强大的安全性和运营效率,但它并非没有局限性。Berachain 是一种与以太坊虚拟机 (EVM) 兼容的第 1 层区块链,它引入了一种独特的替代方案:流动性证明 (PoL)。

本文深入探讨了 Berachain 的创新机制,探索了它的起源、独特的三代币模型,以及 Chorus One 通过“BeraBoost”优化这种方法的技术实力。

权益证明的约束

Berachain 的流动性证明 (PoL) 共识机制解决了权益证明 (PoS) 系统固有的几个限制。在 PoS 中,验证者和用户锁定大量原生代币以保护网络。这些质押资本在确保网络安全的同时,仍处于闲置状态,不会为生态系统的流动性做出贡献。因此,这些代币不能用于 DeFi 应用程序、交易或其他链上活动。尽管 PoS 是一种实现共识和保护区块链网络的弹性方法,但以高比例的质押代币为目标可能会抵消生态系统内的流动性需求。

流动性质押的开发是为了通过为质押代币创造流动性来缓解这些担忧,并且它已在许多生态系统中被证明是成功的。然而,Berachain 的 PoL 模型旨在超越流动性质押。PoL 可以简单地描述为“通过流动性实现安全”,这意味着保护链的唯一方法是提供流动性。鉴于 Berachain 主要关注 DeFi,这种模式尤其重要。但 PoL 在 Berachain 上究竟是如何运作的呢?

Berachain 的起源

Berachain 的创新之旅始于“Bong Bears” NFT 项目——一个让 DeFi 社区着迷的奇特系列。通过这项创造性的努力,创始人认识到了一个关键的差距:需要协调流动性供应与网络安全。这一洞察力促成了 Berachain 的诞生,旨在利用流动性作为其安全模型的基石。在 Framework Ventures、Brevan Howard、Polychain Capital 和 Samsung Next 等知名投资者的大力支持下,Berachain 完全有能力重新定义区块链共识。

Berachain 的 Tri-Token 模型

Berachain 生态系统的核心是其三代币模型,包括 BERA、BGT 和 HONEY。每个代币都有不同的用途,确保网络能够实现其安全、治理和高效交易处理的目标,同时为去中心化金融 (DeFi) 活动维持稳定的经济环境:

$BERA (流动代币)

  • 功能:用于网络内的交易费用和一般用途。
  • 流动性:完全流动性且受市场价格波动影响。
  • 作用:促进区块链上的经济活动和互动。

$BGT(治理和权益代币)

  • 功能:主要用于治理和质押。
  • 流动性:不可转让,通过提供流动性获得。
  • 角色:影响网络治理并通过质押确保区块链的安全。

$HONEY (稳定币)

  • 功能:在生态系统内提供稳定的价值转移。
  • 流动性:完全流动性并与美元挂钩。
  • 角色:充当交换媒介、抵押品和费用支付机制。

让我们更深入地了解一下他们各自的角色:

流动性证明

Berachain 如何运作?

流动性证明

  1. 用户将其符合流动性证明 (PoL) 条件的数字资产质押到 Gauges 中以获得 $BGT 奖励。Gauges 是获得 $BGT 奖励的唯一方法,因此在进入 PoL 生态系统方面发挥着至关重要的作用。
  2. 验证者生成区块,并根据自由裁量策略将部分 $BGT 发行量分配给特定计量单位。这些策略旨在最大化其质押者的收益。验证者从 $BGT 发行量中收取佣金。
  3. 应用程序可以向验证者提供激励,鼓励他们将 BGT 奖励直接转给他们,通常以协议原生代币形式的奖励来换取。
  4. 参与 PoL 的流动性提供者将获得 $BGT 的收益,减去验证者的佣金。
  5. 流动性提供者可以向符合其策略并参与治理的验证者质押 $BGT。
  6. 收到 $BGT 的流动性提供者可以选择销毁 $BGT 以 1:1 的比例获取 $BERA 代币。

通过 BeraBoost 优化 PoL 性能

在底层,PoL 要求验证者将激励直接导向链上资金池,即“奖励金库”。我们致力于通过一种名为“BeraBoost”的算法以科学的方式处理这一过程 - 它将是开源软件,并在公共仪表板上运行。Beraboost 将通过跟踪委托人的 LP 头寸并将激励直接导向相关池来分配激励,以便 Chorus One 的委托人获得最大奖励。

质押 BGT

Berachain 目前处于测试网阶段,尚未启用质押功能。我们与 Berachain 团队密切合作,并将支持所有机构和个人用例以支持 BGT。

Пов'язані матеріали

Foundation Steps Back, Ethlabs Steps Forward: Ethereum Undergoes Its Largest Restructuring in History

On June 23rd, the Ethereum ecosystem witnessed two major shifts, signaling a significant governance realignment. First, former Ethereum Foundation researchers established Ethlabs, a new independent non-profit. Backed by major ETH holders like Bitmine and SharpLink, Ethlabs aims to address practical needs for institutional adoption, including faster settlement, native asset issuance, cross-chain transactions, and mainnet scaling. Secondly, the Ethereum Foundation announced a major restructuring, laying off 54 employees (20% of its staff) to become a leaner entity focused on protocol governance and maintenance rather than being the primary builder. This move represents a pivotal correction. Criticisms had mounted over the Foundation's perceived slowness, lack of clear strategy, and over-reliance on Vitalik Buterin's influence. Ethlabs emerges as a more execution-oriented, "industrialized" layer focused on market adoption—bridging the gap between research and real-world use. Notably, Vitalik Buterin is absent from its list of supporters, interpreted as an intentional step to avoid excessive personal endorsement and allow the organization to build independent credibility. The Ethereum Foundation's downsizing and redefinition mark a retreat from its former central coordinating role. It now aims to share the "privilege of stewarding Ethereum" with other emerging groups like Ethlabs, the Ethereum Applications Guild, and The Ethereum Economic Zone. Analysts frame this dual shift as the Foundation ensuring Ethereum remains "correct" (credibly neutral), while Ethlabs must prove it remains "effective" (competitive and attractive for capital and adoption). This addresses community "shareholder-like anxiety" about ETH's market performance. While risks exist—such as concerns over shifting from Foundation centrality to large-holder influence—the consensus is that the greater risk for Ethereum was inaction, caught between technical idealism and organizational inertia. These steps aim to create a more multi-stakeholder, execution-driven future for the network.

链捕手6 год тому

Foundation Steps Back, Ethlabs Steps Forward: Ethereum Undergoes Its Largest Restructuring in History

链捕手6 год тому

Second Half of U.S. Crypto Policy: The Clarity Act Aims for 60 Votes, CFTC's "One-Person Commission" Becomes Biggest Variable

In a pivotal year for US crypto policy, the "CLARITY Act" is advancing in the Senate but faces a high hurdle, needing 60 votes to pass. Key challenges include bridging partisan divides on ethics and swaying undecided Republican senators within a tight legislative calendar of only about 40 working days. The policy "second half" involves intense negotiations on a broader framework for Web3 and DeFi, including crypto tax reforms and the Blockchain Regulatory Certainty Act. A significant uncertainty is the understaffed CFTC, operating with four commissioner vacancies, which complicates regulatory clarity. Meanwhile, the departure of key "crypto champions"—SEC Commissioner Hester Peirce and Senator Cynthia Lummis—will impact ongoing policy efforts. Industry experts are cautiously optimistic but realistic. Sara K. Weed notes that while progress is being made, CLARITY is unlikely to pass this Congress, pushing agencies like the SEC and CFTC to provide more guidance. Sulolit Mukherjee suggests meaningful crypto tax legislation is more likely to be attached to larger must-pass bills. Rashan Colbert discusses the jurisdictional debate over prediction markets, emphasizing the need for a regulatory framework that fosters their development as financial tools rather than treating them broadly as gambling. The clock is ticking, but opportunities remain for substantive progress through continued bipartisan dialogue and pragmatic efforts.

marsbit9 год тому

Second Half of U.S. Crypto Policy: The Clarity Act Aims for 60 Votes, CFTC's "One-Person Commission" Becomes Biggest Variable

marsbit9 год тому

Dan Koe's New Essay: Escaping the Fate of the Wage Slave, How to Survive the AI Replacement Wave?

Dan Koe argues that the true threat in the AI era isn't technology itself, but a reliance on others for one's livelihood and happiness. The core problem is "wage slavery"—spending life on unfulfilling work. To survive and thrive, one must escape this by building their own enterprise. The key is developing five elements: Agency (initiative), Taste (discernment), Persuasion, Persistence, and Iteration. These boil down to problem-solving skills and experiential knowledge, which cannot be learned passively but only through doing your own projects. The solution is to become "unemployable" by shifting your identity. This requires: 1) Radically changing your environment to force growth, 2) Choosing a medium (like content creation) that provides real feedback through trial and error, and 3) Mastering either code or, preferably, media (content). Content creation is more valuable because its subjective nature and need for human perspective create a durable advantage over generic AI output. To start, define your life's work by answering foundational questions about your innate knowledge, unique abilities, and contrarian beliefs. Then, immediately act by publishing your first piece of content. The cycle of creating, receiving feedback, and iterating is the essential path to developing the skills needed for an independent, meaningful career and financial resilience.

marsbit9 год тому

Dan Koe's New Essay: Escaping the Fate of the Wage Slave, How to Survive the AI Replacement Wave?

marsbit9 год тому

Research Report Analysis: Morgan Stanley Details SanDisk SNDK, The Truth About Cloud Data Center Pricing Power and AI Inference Benefits

Morgan Stanley raised its price target for SanDisk (SNDK) from $1100 to $1750 on June 22, maintaining an Overweight rating. The upgrade is driven by AI inference demand reshaping the NAND market, particularly for KV Cache and context window storage in cloud data centers. These cloud clients exhibit price inelasticity and sign long-term contracts, granting SanDisk significant pricing power. SanDisk's New Business Model (NBM) agreements, covering over one-third of FY27 bit shipments with 3-5 year terms and fixed price/price collar structures, are crucial. They are projected to sustain gross margins around 80% even at floor prices, providing a buffer against cyclical downturns. Morgan Stanley forecasts gross margins to surge from 30.3% in FY25 to 86.7% in FY27e. With NAND supply expected to remain tight into 2026/2027 and cloud/data centers becoming the largest end-market, SanDisk holds supply-side pricing power. The company targets 15-19% bit growth via technology transitions, not capacity expansion. Revenue is projected to grow ~6.6x from FY25 to FY27, with EPS rising from $2.74 to $14.73, driven by high-margin cloud business. Key upside catalysts include faster enterprise SSD adoption and edge AI growth. Downside risks involve slower industry growth, competitor capex increases, market share loss, and competition from Chinese players like YMTC. The investment thesis rests on AI-driven structural demand, NBM's margin protection, and sustained supply tightness. The $1750 target implies ~28x FY27e P/E.

marsbit10 год тому

Research Report Analysis: Morgan Stanley Details SanDisk SNDK, The Truth About Cloud Data Center Pricing Power and AI Inference Benefits

marsbit10 год тому

Торгівля

Спот
Ф'ючерси
活动图片