{"id":1331,"date":"2025-07-04T07:53:19","date_gmt":"2025-07-03T23:53:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=1331"},"modified":"2025-07-04T07:53:19","modified_gmt":"2025-07-03T23:53:19","slug":"%e4%bb%a5%e5%a4%aa%e5%9d%8a%e5%92%8csolana%e7%9a%84staking%e5%95%86%e4%b8%9a%e6%a8%a1%e5%bc%8f%e5%b7%ae%e5%bc%82%ef%bc%9a%e4%bb%8elido%e5%92%8csolayer%e8%b0%88%e8%b5%b7","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=1331","title":{"rendered":"\u4ee5\u592a\u574a\u548cSolana\u7684Staking\u5546\u4e1a\u6a21\u5f0f\u5dee\u5f02\uff1a\u4eceLido\u548cSolayer\u8c08\u8d77"},"content":{"rendered":"
\u5728\u63a5\u8fde\u83b7\u5f97\u4e24\u8f6e\u878d\u8d44\uff0c\u5305\u62ec Polychain \u9886\u6295\u7684 1200 \u4e07\u7f8e\u5143\u878d\u8d44\u548c Binance labs \u7684\u878d\u8d44\u4e4b\u540e\uff0cSolana \u94fe\u4e0a\u7684 restaking \u9879\u76ee Solayer \u6210\u4e3a\u8fd1\u671f\u5e02\u573a\u4e2d DeFi \u9886\u57df\u5185\u4e3a\u6570\u4e0d\u591a\u7684\u4eae\u70b9\uff0c\u5176 TVL \u4e5f\u6301\u7eed\u4e0a\u6da8\uff0c\u76ee\u524d\u5df2\u7ecf\u8d85\u8fc7 Orca\uff0c\u5728 Solana \u94fe\u4e0a TVL \u6392\u540d\u7b2c\u5341\u4e8c\u3002<\/p>\n Solana \u9879\u76ee TVL \u6392\u540d \u6765\u6e90\uff1aDeFillama<\/p>\n \u8d28\u62bc\u8d5b\u9053\u4f5c\u4e3a\u52a0\u5bc6\u539f\u751f\u7684\u7ec6\u5206\u8d5b\u9053\uff0c\u540c\u65f6\u4e5f\u662f TVL \u6700\u5927\u7684\u52a0\u5bc6\u8d5b\u9053\uff0c\u5176\u4ee3\u8868\u4ee3\u5e01 LDO\u3001EIGEN\u3001ETHFI \u7b49\u5728\u672c\u8f6e\u5468\u671f\u7684\u8868\u73b0\u5374\u975e\u5e38\u6323\u624e\uff0c\u629b\u5f00\u5176\u6240\u5904\u7684\u4ee5\u592a\u574a\u7f51\u7edc\u4e4b\u5916\uff0c\u662f\u5426\u6709\u5176\u4ed6\u539f\u56e0\uff1f<\/p>\n \u5e0c\u671b\u501f\u7531\u672c\u6587\u80fd\u591f\u56de\u7b54\u5982\u4e0a\u51e0\u4e2a\u95ee\u9898\u3002\u6211\u4eec\u5148\u4ece\u4ee5\u592a\u574a\u7f51\u7edc\u7684 staking \u548c restaking \u8bb2\u8d77\u3002<\/p>\n \u4ee5\u592a\u574a\u7f51\u7edc Liquid Staking\u3001Restaking\u3001\u548c Liquid Restaking \u7684\u7ade\u4e89\u6001\u52bf\u548c\u53d1\u5c55\u683c\u5c40<\/strong><\/p>\n \u672c\u8282\u6211\u4eec\u5c06\u4e3b\u8981\u8ba8\u8bba\u5206\u6790\u4ee5\u4e0b\u51e0\u4e2a\u9879\u76ee\uff1a<\/p>\n \u4ee5\u592a\u574a\u7f51\u7edc\u7684\u5934\u90e8 liquid staking \u9879\u76ee Lido\u3001\u5934\u90e8 restaking \u9879\u76ee Eigenlayer \u548c\u5934\u90e8 liquid restaking \u9879\u76ee Etherfi\u3002<\/p>\n Lido \u7684\u4e1a\u52a1\u903b\u8f91\u4ee5\u53ca\u6536\u5165\u6784\u6210<\/strong><\/p>\n \u5bf9\u4e8e Lido \u7684\u5546\u4e1a\u903b\u8f91\uff0c\u6211\u4eec\u5728\u6b64\u7b80\u8ff0\u5982\u4e0b\uff1a<\/p>\n \u7531\u4e8e\u4ee5\u592a\u574a\u5bf9\u53bb\u4e2d\u5fc3\u5316\u7684\u575a\u6301\uff0cETH \u7684 PoS \u673a\u5236\u8f6f\u6027\u7684\u9650\u5236\u4e86\u5355\u8282\u70b9\u7684\u8d28\u62bc\u4e0a\u9650\uff0c\u5355\u4e2a\u8282\u70b9\u53ea\u6709\u90e8\u7f72\u6700\u5927 32 \u679a ETH \u624d\u53ef\u4ee5\u83b7\u5f97\u66f4\u9ad8\u7684\u8d44\u672c\u6548\u7387\uff0c\u540c\u65f6\u8d28\u62bc\u5177\u5907\u76f8\u5bf9\u9ad8\u7684\u786c\u4ef6\u3001\u7f51\u7edc\u548c\u77e5\u8bc6\u8981\u6c42\uff0c\u666e\u901a\u7528\u6237\u53c2\u4e0e ETH \u8d28\u62bc\u7684\u95e8\u69db\u8f83\u9ad8\u3002\u5728\u8fd9\u79cd\u80cc\u666f\u4e0b\uff0cLido \u5c06 LST \u6982\u5ff5\u53d1\u626c\u5149\u5927\u3002\u5c3d\u7ba1\u5728 Shapella \u5347\u7ea7\u5f00\u653e\u53d6\u6b3e\u4e4b\u540e\uff0cLST \u7684\u6d41\u52a8\u6027\u4f18\u52bf\u88ab\u524a\u5f31\uff0c\u4f46\u662f LST \u5728\u8d44\u672c\u6548\u7387\u548c\u53ef\u7ec4\u5408\u6027\u65b9\u9762\u7684\u4f18\u52bf\u4ecd\u7136\u575a\u5b9e\uff0c\u8fd9\u6784\u6210\u4e86\u4ee5 Lido \u4e3a\u4ee3\u8868\u7684 LST \u534f\u8bae\u7684\u57fa\u672c\u5546\u4e1a\u903b\u8f91\u3002\u800c\u5728 liquid staking \u9879\u76ee\u4e2d\uff0cLido \u7684\u5e02\u5360\u7387\u63a5\u8fd1 9 \u6210\uff0c\u9886\u8dd1\u5e02\u573a\u3002<\/p>\n Liquid staking \u53c2\u4e0e\u8005\u548c\u5e02\u5360\u7387 \u6765\u6e90\uff1aDune<\/p>\n Lido \u534f\u8bae\u7684\u6536\u5165\u4e3b\u8981\u6765\u81ea\u4e24\u90e8\u5206\uff1a\u5171\u8bc6\u5c42\u6536\u76ca\u548c\u6267\u884c\u5c42\u6536\u76ca\u3002\u6240\u8c13\u7684\u5171\u8bc6\u5c42\u6536\u76ca\uff0c\u662f\u6307\u4ee5\u592a\u574a\u7f51\u7edc\u7684 PoS \u589e\u53d1\u6536\u76ca\uff0c\u5bf9\u4e8e\u4ee5\u592a\u574a\u7f51\u7edc\u800c\u8a00\uff0c\u8fd9\u90e8\u5206\u652f\u51fa\u662f\u4e3a\u4e86\u7ef4\u62a4\u7f51\u7edc\u5171\u8bc6\u6240\u652f\u4ed8\u7684\uff0c\u6240\u4ee5\u79f0\u4e4b\u4e3a\u5171\u8bc6\u5c42\u6536\u76ca\uff0c\u8fd9\u90e8\u5206\u76f8\u5bf9\u56fa\u5b9a\uff08\u4e0b\u56fe\u6a59\u8272\u90e8\u5206\uff09\uff1b\u800c\u6267\u884c\u5c42\u6536\u76ca\u5305\u62ec\u7528\u6237\u652f\u4ed8\u7684\u4f18\u5148\u8d39\u548c MEV( \u5173\u4e8e\u6267\u884c\u5c42\u6536\u76ca\u7684\u5206\u6790\uff0c\u8bfb\u8005\u53ef\u4ee5\u524d\u5f80 Mint Ventures \u6b64\u524d\u6587\u7ae0 \u4e86\u89e3\u66f4\u591a )\uff0c\u8fd9\u90e8\u5206\u7684\u6536\u76ca\u5e76\u4e0d\u7531\u4ee5\u592a\u574a\u7f51\u7edc\u652f\u4ed8\uff0c\u800c\u662f\u7531\u7528\u6237\u5728\u6267\u884c\u4ea4\u6613\u7684\u8fc7\u7a0b\u4e2d\u652f\u4ed8\uff08\u6216\u95f4\u63a5\u652f\u4ed8\uff09\uff0c\u8fd9\u90e8\u5206\u968f\u7740\u94fe\u4e0a\u70ed\u5ea6\u800c\u53d8\u5316\uff0c\u6ce2\u52a8\u8f83\u5927\u3002<\/p>\n Lido \u534f\u8bae APR \u6765\u6e90\uff1aDune<\/p>\n Eigenlayer \u7684\u4e1a\u52a1\u903b\u8f91\u53ca\u6536\u5165\u6784\u6210<\/strong><\/p>\n Restaking \u6982\u5ff5\u7531 Eigenlayer \u5728\u53bb\u5e74\u63d0\u51fa\uff0c\u5e76\u6210\u4e3a\u6700\u8fd1 1 \u5e74\u591a\u4ee5\u6765 DeFi \u9886\u57df\u4e43\u81f3\u6574\u4e2a\u5e02\u573a\u4e2d\u5c11\u89c1\u7684\u65b0\u53d9\u4e8b\uff0c\u4e5f\u8bde\u751f\u4e86\u4e00\u7cfb\u5217\u4e0a\u7ebf\u65f6 FDV \u8d85\u8fc7 10 \u4ebf\u7f8e\u91d1\u7684\u9879\u76ee\uff08\u9664\u4e86 EIGEN\uff0c\u8fd8\u6709 ETHFI\u3001REZ \u4ee5\u53ca PENDLE\uff09\uff0c\u4ee5\u53ca\u8bf8\u591a\u5c1a\u672a\u4e0a\u7ebf\u7684 restaking \u9879\u76ee\uff08Babylon\u3001Symbiotic \u4ee5\u53ca\u6211\u4eec\u4e0b\u6587\u8981\u91cd\u70b9\u8ba8\u8bba\u7684 Solayer\uff09\uff0c\u5e02\u573a\u70ed\u5ea6\u53ef\u89c1\u4e00\u6591\uff08Mint Ventures \u66fe\u7ecf\u5728\u53bb\u5e74\u5bf9 Eigenlayer \u8fdb\u884c\u8fc7\u7814\u7a76\uff0c\u6709\u5174\u8da3\u7684\u8bfb\u8005\u53ef\u4ee5\u524d\u5f80\u67e5\u770b\uff09\u3002<\/p>\n Eigenlayer \u7684 Restaking \u6309\u7167\u5176\u5b9a\u4e49\uff0c\u662f\u6307\u5df2\u7ecf\u5c06 ETH \u8fdb\u884c Stake \u7684\u7528\u6237\uff0c\u53ef\u4ee5\u5c06\u5176\u5df2\u7ecf Stake \u8fc7\u7684 ETH \u5728 Eigenlayer \u518d\u6b21\u8d28\u62bc\uff08\u4ece\u800c\u83b7\u53d6\u591a\u4f59\u6536\u76ca\uff09\uff0c\u56e0\u800c\u8d77\u540d\u2019Re\u2019Staking\u3002Eigenlayer \u5bf9\u81ea\u5df1\u63d0\u4f9b\u7684\u670d\u52a1\u8d77\u540d\u4e3a AVS\uff08Actively Validated Services\uff0c\u4e2d\u6587\u76f4\u8bd1\u4e3a\u300c\u4e3b\u52a8\u9a8c\u8bc1\u670d\u52a1\u300d\uff09\uff0c\u53ef\u4ee5\u4e3a\u5404\u79cd\u5bf9\u5b89\u5168\u6709\u8981\u6c42\u7684\u534f\u8bae\u63d0\u4f9b\u670d\u52a1\uff0c\u5305\u62ec\u4fa7\u94fe\u3001DA \u5c42\u3001\u865a\u62df\u673a\u3001\u9884\u8a00\u673a\u3001\u6865\u3001\u9608\u503c\u52a0\u5bc6\u65b9\u6848\u3001\u53ef\u4fe1\u6267\u884c\u73af\u5883\u7b49\u3002EigenDA \u5c31\u662f\u4f7f\u7528 EigenlayerAVS \u670d\u52a1\u7684\u5178\u578b\u4ee3\u8868\u3002<\/p>\n \u76ee\u524d\u91c7\u7528 Eigenlayer AVS \u7684\u534f\u8bae \u6765\u6e90\uff1aEigenlayer \u5b98\u7f51<\/p>\n Eigenlayer \u7684\u5546\u4e1a\u903b\u8f91\u4e5f\u6bd4\u8f83\u7b80\u5355\uff0c\u5728\u4f9b\u7ed9\u7aef\uff0c\u4ed6\u4eec\u5411 ETH staker \u52df\u96c6\u8d44\u4ea7\u5e76\u652f\u4ed8\u8d39\u7528\uff1b\u5728\u9700\u6c42\u7aef\uff0c\u6709 AVS \u9700\u6c42\u7684\u534f\u8bae\u4ed8\u8d39\u4f7f\u7528\u5176\u670d\u52a1\uff0cEigenlayer \u4f5c\u4e3a\u300c\u534f\u8bae\u5b89\u5168\u5e02\u573a\u300d\u4ece\u4e2d\u64ae\u5408\u5e76\u8d5a\u53d6\u4e00\u5b9a\u7684\u8d39\u7528\u3002<\/p>\n \u4e0d\u8fc7\u6211\u4eec\u7eb5\u89c8\u76ee\u524d\u6240\u6709\u7684 restaking \u9879\u76ee\uff0c\u552f\u4e00\u7684\u771f\u5b9e\u6536\u76ca\u4ecd\u7136\u662f\u76f8\u5173\u534f\u8bae\u7684\u4ee3\u5e01\uff08\u6216\u79ef\u5206\uff09\uff0c\u6211\u4eec\u5c1a\u4e0d\u80fd\u786e\u5b9a restaking \u5df2\u7ecf\u83b7\u5f97\u4e86 PMF\uff1a\u4ece\u4f9b\u7ed9\u7aef\uff0c\u6bcf\u4e2a\u4eba\u90fd\u559c\u6b22 restaking \u6240\u5e26\u6765\u7684\u989d\u5916\u6536\u76ca\uff1b\u4f46\u662f\u9700\u6c42\u7aef\u4ecd\u7136\u662f\u4e00\u56e2\u8ff7\u96fe\uff1a\u771f\u7684\u6709\u534f\u8bae\u4f1a\u8d2d\u4e70\u534f\u8bae\u7ecf\u6d4e\u5b89\u5168\u670d\u52a1\u5417\uff1f\u5982\u679c\u6709\u4f1a\u6709\u591a\u5c11\uff1f<\/p>\n Multicoin \u521b\u59cb\u4eba Kyle Samani \u5bf9 restaking \u5546\u4e1a\u6a21\u5f0f\u7684\u7591\u95ee \u6765\u6e90\uff1aX<\/em><\/p>\n \u6211\u4eec\u4ece Eigenlayer \u5df2\u7ecf\u53d1\u5e01\u7684\u76ee\u6807\u7528\u6237\uff1a\u9884\u8a00\u673a\uff08LINK\u3001PYTH\uff09\u3001\u6865\uff08AXL\u3001ZRO\uff09\u3001DA\uff08TIA\u3001AVAIL\uff09\u6765\u770b\uff0c\u8d28\u62bc\u4ee3\u5e01\u6765\u7ef4\u62a4\u534f\u8bae\u5b89\u5168\u90fd\u662f\u5176\u4ee3\u5e01\u7684\u6838\u5fc3\u7528\u4f8b\uff0c\u9009\u62e9\u5411 Eigenlayer \u6765\u8d2d\u4e70\u5b89\u5168\u670d\u52a1\u4f1a\u6781\u5927\u524a\u5f31\u5176\u53d1\u884c\u4ee3\u5e01\u7684\u5408\u7406\u6027\u3002\u5373\u4fbf Eigenlayer \u81ea\u8eab\uff0c\u5728\u89e3\u91ca EIGEN \u4ee3\u5e01\u7684\u65f6\u5019\uff0c\u4e5f\u7528\u975e\u5e38\u62bd\u8c61\u6666\u6da9\u7684\u8bed\u8a00\u8868\u8fbe\u4e86\u300c\u4f7f\u7528 EIGEN \u6765\u7ef4\u62a4\u534f\u8bae\u5b89\u5168\u6027\u300d\u662f\u4e3b\u8981\u7528\u4f8b\u7684\u89c2\u70b9\u3002<\/p>\n Liquid restaking\uff08Etherfi\uff09\u7684\u751f\u5b58\u4e4b\u9053<\/strong><\/p>\n Eigenlayer \u652f\u6301\u4e24\u79cd\u65b9\u5f0f\u6765\u53c2\u4e0e restaking\uff1a\u4f7f\u7528 LST \u548c native restaking\u3002\u4f7f\u7528 LST \u53c2\u4e0e Eigenlayer Restaking \u7684\u65b9\u5f0f\u6bd4\u8f83\u7b80\u5355\uff0c\u7528\u6237\u5728 LST \u534f\u8bae\u5b58\u5165 ETH \u83b7\u5f97 LST \u4e4b\u540e\uff0c\u5c06 LST \u5b58\u5165 Eigenlayer \u5373\u53ef\uff0c\u4e0d\u8fc7 LST \u6c60\u957f\u671f\u9650\u989d\uff0c\u9650\u989d\u671f\u95f4\u8fd8\u60f3\u8981\u53c2\u4e0e restaking \u7684\u7528\u6237\u9700\u8981\u6309\u7167\u5982\u4e0b\u65b9\u5f0f\u8fdb\u884c native restaking\uff1a<\/p>\n \u53ef\u4ee5\u770b\u51fa\uff0cEigenlayer \u7684 Restaking \u662f\u6bd4\u8f83\u6807\u51c6\u7684\u2019re\u2019staking\uff0c\u4e0d\u8bba\u662f\u7528\u6237\u5c06\u5176\u4ed6\u7684 LST \u5b58\u5165 Eigenlayer\uff0c\u8fd8\u662f native restaking\uff0cEigenlayer \u90fd\u5e76\u4e0d\u76f4\u63a5\u300c\u63a5\u89e6\u300d\u7528\u6237\u8d28\u62bc\u7684 ETH\uff08Eigenlayer \u4e5f\u5e76\u4e0d\u53d1\u884c\u4efb\u4f55 LRT\uff09\u3002Native restaking \u7684\u6d41\u7a0b\u662f ETH \u7684 native staking \u7684\u300c\u590d\u6742\u7248\u300d\uff0c\u610f\u5473\u7740\u76f8\u8fd1\u7684\u8d44\u91d1\u3001\u786c\u4ef6\u3001\u7f51\u7edc\u548c\u77e5\u8bc6\u95e8\u69db\u3002<\/p>\n \u4e8e\u662f Etherfi \u7b49\u9879\u76ee\u8fc5\u901f\u63d0\u4f9b\u4e86 Liquid Restaking Tokens(LRTs) \u6765\u89e3\u51b3\u6b64\u95ee\u9898\uff0cEtherfi \u7684 eETH \u64cd\u4f5c\u6d41\u7a0b\u5982\u4e0b\uff1a<\/p>\n \u663e\u7136\uff0cEtherfi \u6240\u63d0\u4f9b\u7684\u670d\u52a1\u5bf9\u4e8e\u6301\u6709 ETH \u60f3\u8981\u83b7\u5f97\u6536\u76ca\u7684\u7528\u6237\u800c\u8a00\u662f\u6700\u4f18\u89e3\uff1a\u4e00\u65b9\u9762\uff0ceETH \u64cd\u4f5c\u7b80\u5355\uff0c\u4e5f\u5177\u5907\u6d41\u52a8\u6027\uff0c\u4e0e Lido \u7684 stETH \u4f53\u9a8c\u57fa\u672c\u4e00\u81f4\uff1b\u53e6\u4e00\u65b9\u9762\u7528\u6237\u5c06 ETH \u5b58\u5165 Etherfi \u7684 eETH \u6c60\uff0c\u53ef\u4ee5\u83b7\u5f97\uff1a3% \u5de6\u53f3\u7684\u57fa\u7840 ETH staking \u6536\u76ca\u3001Eigenlayer \u53ef\u80fd\u7684 AVS \u6536\u76ca\u3001Eigenlayer \u7684\u4ee3\u5e01\u6fc0\u52b1\uff08\u79ef\u5206\uff09\u3001Etherfi \u7684\u4ee3\u5e01\u6fc0\u52b1\uff08\u79ef\u5206\uff09\u3002<\/p>\n eETH \u5360\u636e\u4e86 Etherfi TVL \u7684 90%\uff0c\u7ed9 Etherfi \u8d21\u732e\u4e86\u9ad8\u5cf0\u65f6\u8d85\u8fc7 60 \u4ebf\u7f8e\u5143\u7684 TVL\uff0c\u4ee5\u53ca\u6700\u9ad8 80 \u4ebf\u7f8e\u5143\u7684 FDV\uff0c\u4e5f\u4f7f\u5f97 Etherfi \u5728\u77ed\u77ed\u534a\u5e74\u5185\u5c31\u6210\u4e3a\u4e86\u7b2c\u56db\u5927\u8d28\u62bc\u5b9e\u4f53\u3002<\/p>\n Etherfi TVL \u5206\u5e03 \u6765\u6e90\uff1aDune<\/em><\/p>\n LRT \u534f\u8bae\u7684\u957f\u671f\u5546\u4e1a\u903b\u8f91\uff0c\u5728\u4e8e\u5e2e\u52a9\u7528\u6237\u4ee5\u66f4\u7b80\u5355\u5bb9\u6613\u7684\u65b9\u5f0f\uff0c\u540c\u65f6\u53c2\u4e0e staking \u548c restaking\uff0c\u4ece\u800c\u83b7\u5f97\u66f4\u9ad8\u7684\u6536\u76ca\u3002\u7531\u4e8e\u672c\u8eab\u5e76\u4e0d\u4ea7\u751f\u4efb\u4f55\u6536\u76ca\uff08\u9664\u4e86\u81ea\u5df1\u7684 token \u4e4b\u5916\uff09\uff0c\u6240\u4ee5\u5728\u6574\u4f53\u5546\u4e1a\u903b\u8f91\u4e0a\uff0cLRT \u534f\u8bae\u66f4\u52a0\u7c7b\u4f3c ETH \u7684\u7279\u5b9a\u6536\u76ca\u805a\u5408\u5668\u3002\u5982\u679c\u6211\u4eec\u4ed4\u7ec6\u5206\u6790\uff0c\u4f1a\u53d1\u73b0\u5176\u5546\u4e1a\u903b\u8f91\u7684\u5b58\u5728\u4f9d\u6258\u4e8e\u5982\u4e0b\u4e24\u4e2a\u524d\u63d0\uff1a<\/p>\n \u4ece\u7eaf\u7cb9\u5546\u4e1a\u903b\u8f91\u6765\u770b\uff0c\u4f5c\u4e3a liquid staking \u5934\u90e8\u7684 Lido \u4e3a\u7528\u6237\u63d0\u4f9b liquid restaking \u670d\u52a1\u7ed9\u7528\u6237\u63d0\u4f9b\u66f4\u5e7f\u6cdb\u7684\u6536\u76ca\u6765\u6e90\uff0cEigenlayer \u76f4\u63a5\u5438\u7eb3\u7528\u6237\u8d44\u91d1\u66f4\u52a0\u65b9\u4fbf\u7684\u8fdb\u884c staking & restaking \u90fd\u662f\u5b8c\u5168\u53ef\u884c\u7684\u3002\u90a3\u4e3a\u4ec0\u4e48 Lido \u4e0d\u505a liquid restaking\uff0cEigenlayer \u4e0d\u505a liquid staking\uff1f<\/p>\n \u7b14\u8005\u8ba4\u4e3a\uff0c\u8fd9\u662f\u4ee5\u592a\u574a\u7684\u7279\u6b8a\u60c5\u51b5\u51b3\u5b9a\u7684\u3002Vitalik \u5728 2023 \u5e74 5 \u6708\uff0cEigenlayer \u521a\u521a\u5b8c\u6210\u65b0\u4e00\u8f6e 5000 \u4e07\u7f8e\u5143\u878d\u8d44\uff0c\u5728\u5e02\u573a\u4e0a\u5f15\u53d1\u4f17\u591a\u8ba8\u8bba\u4e4b\u9645\uff0c\u4e13\u95e8\u64b0\u6587\u300aDon\u2019t overload Ethereum\u2019s consensus\u300b\uff08\u4e0d\u8981\u8ba9\u4ee5\u592a\u574a\u5171\u8bc6\u8d85\u8f7d\uff09\uff0c\u7528\u4e00\u7cfb\u5217\u4f8b\u5b50\u8be6\u7ec6\u7684\u9610\u8ff0\u4e86\u4ed6\u5bf9\u4ee5\u592a\u574a\u7684\u5171\u8bc6\u5e94\u8be5\u88ab\u5982\u4f55\u590d\u7528\uff08\u4e5f\u5c31\u662f\u300c\u6211\u4eec\u5230\u5e95\u5e94\u8be5\u600e\u6837 restaking\u300d\uff09\u7684\u770b\u6cd5\u3002<\/p>\n \u5728 Lido \u65b9\u9762\uff0c\u7531\u4e8e\u5176\u89c4\u6a21\u957f\u671f\u5360\u4ee5\u592a\u574a\u8d28\u62bc\u6bd4\u4f8b\u7684\u4e09\u6210\u5de6\u53f3\uff0c\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u5185\u90e8\u5bf9\u5176\u8fdb\u884c\u5236\u7ea6\u7684\u58f0\u97f3\u4e0d\u65ad\uff0cVitalik \u4e5f\u591a\u6b21\u4eb2\u81ea\u64b0\u6587\u8ba8\u8bba\u8d28\u62bc\u4e2d\u5fc3\u5316\u95ee\u9898\uff0c\u8fd9\u4e5f\u4f7f\u5f97 Lido \u4e0d\u5f97\u4e0d\u5c06\u300c\u4e0e\u4ee5\u592a\u574a\u5bf9\u9f50\u300d\u4f5c\u4e3a\u5176\u4e1a\u52a1\u91cd\u70b9\uff0c\u4e0d\u4ec5\u9010\u6b65\u5173\u505c\u4e86\u5305\u62ec Solana \u5728\u5185\u7684\uff0c\u9664\u4e86\u4ee5\u592a\u574a\u4ee5\u5916\u5176\u4ed6\u6240\u6709\u94fe\u7684\u4e1a\u52a1\uff0c\u5176\u4e8b\u5b9e\u4e0a\u7684\u9886\u5bfc\u8005 Hasu \u5728\u4eca\u5e74 5 \u6708\u53d1\u6587\uff0c\u786e\u8ba4\u653e\u5f03\u81ea\u5df1\u4e0b\u573a restaking \u4e1a\u52a1\u7684\u53ef\u80fd\u6027\uff0c\u5c06 Lido \u4e1a\u52a1\u5c40\u9650\u4e8e staking\uff0c\u8f6c\u800c\u901a\u8fc7\u6295\u8d44\u5e76\u652f\u6301 restaking \u534f\u8bae Symbiotic\uff0c\u4ee5\u53ca\u6210\u7acb Lido \u8054\u76df\u6765\u5e94\u5bf9 Eigenlayer \u548c Etherfi \u7b49 LRT \u534f\u8bae\u5bf9\u5176\u5e02\u573a\u4efd\u989d\u7684\u7ade\u4e89\u3002<\/p>\n Reaffirm that stETH should stay an LST, not become an LRT.\uff08\u91cd\u7533 stETH \u5e94\u8be5\u4fdd\u6301\u4e3a LST\uff0c\u800c\u975e LRT\uff09<\/p>\n Support Ethereum-aligned validator services, starting with preconfirmations, without exposing stakers to additional risk.\uff08\u652f\u6301\u4e0e\u4ee5\u592a\u574a\u5bf9\u9f50\u7684\u9a8c\u8bc1\u8005\u670d\u52a1\uff0c\u901a\u8fc7\u9884\u786e\u8ba4\u7684\u5f62\u5f0f\u4e0d\u7ed9\u8d28\u62bc\u8005\u589e\u52a0\u98ce\u9669\uff09<\/p>\n Make stETH the #1 collateral in the restaking market, allowing stakers to opt into additional points on the risk and reward spectrum.\uff08\u4f7f stETH \u6210\u4e3a restaking \u5e02\u573a\u6700\u5927\u7684\u62b5\u62bc\u7269\uff0c\u7ed9\u8d28\u62bc\u8005\u63d0\u4f9b\u4e0d\u540c\u98ce\u9669\u6536\u76ca\u7684\u9009\u62e9\uff09<\/p>\n Lido \u5728 restaking \u76f8\u5173\u4e8b\u9879\u7684\u7acb\u573a\u00a0<\/p>\n \u800c\u5728 Eigenlayer \u65b9\u9762\uff0c\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u7684\u7814\u7a76\u5458 Justin Drake \u548c Dankrad Feist \u5f88\u65e9\u5c31\u88ab eigenlayer \u8058\u8bf7\u4e3a\u987e\u95ee\uff0cDankrad Feist \u8868\u793a\u4ed6\u52a0\u5165\u7684\u4e3b\u8981\u76ee\u7684\u5c31\u662f\u4f7f\u300ceigenlayer \u4e0e\u4ee5\u592a\u574a\u5bf9\u9f50\u300d\uff0c\u8fd9\u53ef\u80fd\u4e5f\u662f eigenlayer \u7684 native restaking \u6d41\u7a0b\u76f8\u5f53\u8fdd\u80cc\u7528\u6237\u4f53\u9a8c\u7684\u539f\u56e0\u3002<\/p>\n \u4ece\u67d0\u79cd\u610f\u4e49\u4e0a\uff0cEtherfi \u7684\u5e02\u573a\u7a7a\u95f4\u662f\u88ab\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u5bf9 Lido \u548c Eigenlayer \u7684\u300c\u4e0d\u4fe1\u4efb\u300d\u6240\u5e26\u6765\u7684\u3002<\/p>\n \u4ee5\u592a\u574a\u8d28\u62bc\u751f\u6001\u534f\u8bae\u5206\u6790<\/strong><\/p>\n \u7ed3\u5408 Lido \u548c Eigenlayer\uff0c\u6211\u4eec\u53ef\u4ee5\u770b\u51fa\uff0c\u5728\u76ee\u524d\u7684 PoS \u94fe\u4e0a\uff0c \u56f4\u7ed5\u7740\u8d28\u62bc\u884c\u4e3a\uff0c\u9664\u53bb\u5173\u8054\u65b9\u7684 token \u6fc0\u52b1\u4e4b\u5916\uff0c\u4e00\u5171\u6709\u4e09\u79cd\u957f\u671f\u7684\u6536\u76ca\u6765\u6e90\uff1a<\/p>\n \u5728\u4ee5\u592a\u574a\u7f51\u7edc\u4e0a\uff0c\u56f4\u7ed5\u7740\u8d28\u62bc\u884c\u4e3a\u76ee\u524d\u6709\u4e09\u7c7b\u534f\u8bae\uff1a<\/p>\n \u76ee\u524d ETH PoS \u5e95\u5c42\u6536\u76ca\u5728\u5e74\u5316 2.8% \u5de6\u53f3\uff0c\u4e5f\u5c31\u662f\u968f\u7740 ETH \u7684\u8d28\u62bc\u6bd4\u4f8b\u5347\u9ad8\u800c\u6162\u6162\u964d\u4f4e\uff1b<\/p>\n \u4ea4\u6613\u6392\u5e8f\u6536\u76ca\u968f\u7740 EIP-4844 \u7684\u4e0a\u7ebf\u6709\u4e86\u663e\u8457\u7684\u964d\u4f4e\uff0c\u6700\u8fd1\u534a\u5e74\u5728 0.5% \u5de6\u53f3\u3002<\/p>\n \u8d28\u62bc\u8d44\u4ea7\u51fa\u79df\u6536\u76ca\u57fa\u6570\u8f83\u5c0f\u8fd8\u65e0\u6cd5\u8fdb\u884c\u5e74\u5316\uff0c\u66f4\u591a\u7684\u662f\u9760 EIGEN \u4ee5\u53ca\u5173\u8054 LRT \u534f\u8bae\u7684\u4ee3\u5e01\u6fc0\u52b1\u4f7f\u5f97\u8fd9\u90e8\u5206\u6fc0\u52b1\u53d8\u5f97\u53ef\u89c2\u3002<\/p>\n \u5bf9\u4e8e LST \u534f\u8bae\u800c\u8a00\uff0c\u5176\u6536\u5165\u57fa\u6570\u4e3a\u8d28\u62bc\u6570\u91cf * \u8d28\u62bc\u6536\u76ca\u7387\u3002ETH \u7684\u8d28\u62bc\u6570\u91cf\u5df2\u7ecf\u63a5\u8fd1 30%\uff0c\u5c3d\u7ba1\u8fd9\u4e00\u6570\u503c\u4ecd\u7136\u5927\u5e45\u5ea6\u4f4e\u4e8e\u5176\u4ed6\u7684 PoS \u516c\u94fe\uff0c\u4f46\u662f\u4ece\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u53bb\u4e2d\u5fc3\u5316\u3001\u7ecf\u6d4e\u5e26\u5bbd\u7684\u89d2\u5ea6\u51fa\u53d1\uff0c\u5e76\u4e0d\u5e0c\u671b\u592a\u591a\u7684 ETH \u6d41\u5165\u5230\u8d28\u62bc\u4e2d\uff08\u53c2\u89c1 Vitalik \u6700\u8fd1\u535a\u6587\uff0c\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u66fe\u7ecf\u8ba8\u8bba\u8fc7\u662f\u5426\u8981\u5c06 ETH \u8d28\u62bc\u7684\u4e0a\u9650\u8bbe\u7f6e\u4e3a\u603b\u91cf\u7684 25%\uff09\uff1b\u800c\u8d28\u62bc\u6536\u76ca\u7387\u5219\u5728\u6301\u7eed\u4e0b\u964d\uff0c\u4ece 22 \u5e74\u5e95\u7a33\u5b9a\u5728 6% \u7ecf\u5e38\u80fd\u83b7\u5f97 10% \u5de6\u53f3\u7684\u77ed\u65f6 APR\uff0c\u964d\u4f4e\u5230\u73b0\u5728\u7684\u53ea\u6709 3%\uff0c\u5e76\u4e14\u5728\u53ef\u9884\u89c1\u7684\u672a\u6765\u6ca1\u6709\u56de\u5347\u7684\u7406\u7531\u3002<\/p>\n \u5bf9\u4e8e\u4e0a\u8ff0\u534f\u8bae\u4ee3\u5e01\u800c\u8a00\uff0c\u9664\u4e86\u53d7\u5236\u4e8e ETH \u672c\u8eab\u7684\u9893\u52bf\u4e4b\u5916\uff1a<\/p>\n \u4ee5\u592a\u574a\u7f51\u7edc LST \u7684\u5e02\u573a\u5929\u82b1\u677f\u5df2\u7ecf\u9010\u6b65\u53ef\u89c1\uff0c\u53ef\u80fd\u4e5f\u662f\u4ee5 LDO\u3001RPL \u7684 LST \u534f\u8bae\u6cbb\u7406\u4ee3\u5e01\u4ef7\u683c\u8868\u73b0\u4e0d\u4f73\u7684\u539f\u56e0\uff1b<\/p>\n \u5bf9\u4e8e EIGEN \u6765\u8bf4\uff0c\u76ee\u524d\u5176\u4ed6\u5404 PoS \u94fe\u5305\u62ec BTC \u94fe\u4e0a\u7684 restaking \u534f\u8bae\u90fd\u5728\u4e0d\u65ad\u6d8c\u73b0\uff0c\u5c06 Eigenlayer \u7684\u4e1a\u52a1\u57fa\u672c\u5c40\u9650\u5728\u4e86\u4ee5\u592a\u574a\u751f\u6001\u5185\uff0c\u8fdb\u4e00\u6b65\u964d\u4f4e\u4e86\u5176 AVS \u5e02\u573a\u672c\u5c31\u4e0d\u751a\u660e\u786e\u7684\u5e02\u573a\u89c4\u6a21\u7684\u6f5c\u5728\u4e0a\u9650\uff1b<\/p>\n \u800c\u672c\u4e0d\u5728\u9884\u671f\u5185\u7684 LRT \u534f\u8bae\u7684\u51fa\u73b0\uff08ETHFI \u9ad8\u5cf0\u65f6\u7684 FDV \u8d85\u8fc7 80 \u4ebf\u3001\u8d85\u8fc7 LDO \u548c EIGEN \u7684\u5386\u53f2\u6700\u9ad8 FDV\uff09\uff0c\u53c8\u8fdb\u4e00\u6b65\u300c\u7a00\u91ca\u300d\u4e86\u4e0a\u8ff0\u4e24\u8005\u5728\u8d28\u62bc\u751f\u6001\u4e2d\u7684\u4ef7\u503c\uff1b<\/p>\n \u800c\u5bf9 ETHFI \u548c REZ \u4eec\u6765\u8bf4\uff0c\u9664\u4e86\u4e0a\u8ff0\u56e0\u7d20\u4e4b\u5916\uff0c\u5728\u5e02\u573a\u70ed\u6f6e\u671f\u4e0a\u7ebf\u5e26\u6765\u7684\u8fc7\u9ad8\u7684\u521d\u59cb\u4f30\u503c\u5219\u662f\u5f71\u54cd\u5176\u4ee3\u5e01\u4ef7\u683c\u7684\u66f4\u91cd\u8981\u56e0\u7d20\u3002<\/p>\n Solana \u7684 staking \u548c restaking<\/strong><\/p>\n \u4ee5 Jito \u4e3a\u4ee3\u8868\u7684 Solana \u7f51\u7edc\u7684 liquid staking \u534f\u8bae\u7684\u8fd0\u884c\u673a\u5236\uff0c\u4e0e Ethereum \u7f51\u7edc\u7684\u57fa\u672c\u6ca1\u6709\u5dee\u522b\u3002\u4f46\u662f Solayer \u7684 restaking \u4e0e Eigenlayer \u7684 restaking \u5219\u4e0d\u540c\u3002\u4e3a\u4e86\u4e86\u89e3 Solayer \u7684 restaking\uff0c\u6211\u4eec\u9700\u8981\u5148\u4e86\u89e3 Soalna \u7684 swQoS \u673a\u5236\u3002<\/p>\n Solana \u7f51\u7edc\u7684 swQoS(stake-weighted Quality of Service\uff0c\u8d28\u62bc\u52a0\u6743\u7684\u670d\u52a1\u8d28\u91cf\u673a\u5236\uff09\u5728\u7ecf\u8fc7\u4eca\u5e74 4 \u6708\u4efd\u7684\u4e00\u6b21\u5ba2\u6237\u7aef\u7248\u672c\u5347\u7ea7\u4e4b\u540e\uff0c\u5f00\u59cb\u6b63\u5f0f\u751f\u6548\u3002swQoS \u673a\u5236\u7684\u51fa\u53d1\u70b9\u662f\u4e3a\u4e86\u7f51\u7edc\u7684\u6574\u4f53\u6548\u7387\uff0c\u56e0\u4e3a Solana \u7f51\u7edc\u5728 3 \u6708\u7684 meme \u70ed\u6f6e\u4e2d\u7ecf\u5386\u4e86\u957f\u65f6\u95f4\u7684\u7f51\u7edc\u5361\u987f\u3002<\/p>\n \u7b80\u5355\u800c\u8a00\uff0cswQoS \u542f\u7528\u540e\uff0c\u533a\u5757\u751f\u4ea7\u8005\u4f9d\u636e\u8d28\u62bc\u8005\u7684\u8d28\u62bc\u91d1\u989d\u6765\u786e\u5b9a\u5176\u4ea4\u6613\u7684\u4f18\u5148\u7ea7\uff0c\u62e5\u6709\u6574\u4e2a\u7f51\u7edc x% \u8d28\u62bc\u6bd4\u4f8b\u7684\u8d28\u62bc\u8005\uff0c\u6700\u591a\u53ef\u4ee5\u63d0\u4ea4 x% \u7684\u4ea4\u6613\uff08\u5173\u4e8e swQoS \u7684\u5177\u4f53\u673a\u5236\u548c\u5bf9 Solana \u7684\u6df1\u8fdc\u5f71\u54cd\uff0c\u8bfb\u8005\u53ef\u4ee5\u9605\u8bfb Helius \u7684\u6587\u7ae0\uff09\u3002swQoS \u542f\u7528\u540e\uff0cSolana \u7f51\u7edc\u7684\u4ea4\u6613\u6210\u529f\u7387\u8fc5\u901f\u63d0\u9ad8\u3002<\/p>\n Solana \u7f51\u7edc\u6210\u529f\u548c\u5931\u8d25\u7684 TPS \u6765\u6e90\uff1aBlockworks<\/p>\n swQoS \u901a\u8fc7\u300c\u6df9\u6ca1\u300d\u7f51\u7edc\u4e2d\u7684\u5c0f\u91d1\u989d\u8d28\u62bc\u8005\u7684\u4ea4\u6613\u7684\u5f62\u5f0f\uff0c\u4ece\u800c\u5728\u7f51\u7edc\u8d44\u6e90\u6709\u9650\u65f6\uff0c\u4f18\u5148\u4fdd\u8bc1\u7f51\u7edc\u4e2d\u66f4\u5927\u91d1\u989d\u8d28\u62bc\u8005\u7684\u6743\u76ca\uff0c\u4ece\u800c\u907f\u514d\u4e86\u6076\u610f\u4ea4\u6613\u5bf9\u7cfb\u7edf\u7684\u653b\u51fb\u3002\u4ece\u67d0\u79cd\u7a0b\u5ea6\u4e0a\u6765\u8bf4\uff0c\u300c\u8d28\u62bc\u6bd4\u4f8b\u8d8a\u591a\uff0c\u4eab\u53d7\u7f51\u7edc\u7279\u6743\u8d8a\u591a\u300d\u662f\u7b26\u5408 PoS \u516c\u94fe\u903b\u8f91\u7684\uff1a\u8d28\u62bc\u4e86\u66f4\u591a\u6bd4\u4f8b\u7684\u94fe\u539f\u751f\u4ee3\u5e01\uff0c\u5bf9\u4e8e\u94fe\u7684\u7a33\u5b9a\u548c\u94fe\u539f\u751f\u4ee3\u5e01\u7684\u8d21\u732e\u4e5f\u5c31\u66f4\u591a\uff0c\u4eab\u53d7\u66f4\u591a\u7279\u6743\u7406\u6240\u5e94\u5f53\u3002\u5f53\u7136\u8fd9\u79cd\u673a\u5236\u7684\u4e2d\u5fc3\u5316\u95ee\u9898\u4e5f\u975e\u5e38\u660e\u663e\uff1a\u66f4\u5927\u7684\u8d28\u62bc\u8005\u53ef\u4ee5\u7406\u6240\u5f53\u7136\u7684\u83b7\u5f97\u66f4\u591a\u7684\u4f18\u5148\u4ea4\u6613\u6743\uff0c\u800c\u4f18\u5148\u4ea4\u6613\u6743\u4f1a\u5e26\u6765\u66f4\u591a\u7684\u8d28\u62bc\u8005\uff0c\u4ece\u800c\u4f7f\u5f97\u5934\u90e8\u8d28\u62bc\u8005\u7684\u4f18\u52bf\u53ef\u4ee5\u81ea\u6211\u5f3a\u5316\uff0c\u8fdb\u4e00\u6b65\u503e\u5411\u5be1\u5934\u5316\u4e43\u81f3\u5f62\u6210\u5784\u65ad\u3002\u8fd9\u4f3c\u4e4e\u4e0e\u533a\u5757\u94fe\u6240\u5021\u5bfc\u7684\u53bb\u4e2d\u5fc3\u5316\u80cc\u9053\u800c\u9a70\uff0c\u4e0d\u8fc7\u8fd9\u5e76\u4e0d\u662f\u672c\u6587\u8ba8\u8bba\u7684\u91cd\u70b9\uff0c\u6211\u4eec\u4ece Solana \u4e00\u8d2f\u7684\u53d1\u5c55\u5386\u7a0b\u4e5f\u53ef\u4ee5\u6e05\u6670\u7684\u53d1\u73b0 Solana \u5728\u53bb\u4e2d\u5fc3\u5316\u4e0a\u95ee\u9898\u4e0a\u300c\u6027\u80fd\u4f18\u5148\u300d\u7684\u5b9e\u7528\u4e3b\u4e49\u6001\u5ea6\u3002<\/p>\n \u5728 swQoS \u7684\u80cc\u666f\u4e4b\u4e0b\uff0cSolayer \u7684 restaking \u7684\u76ee\u6807\u7528\u6237\u5e76\u4e0d\u662f\u9884\u8a00\u673a\u6216\u6865\uff0c\u800c\u662f\u5bf9\u4ea4\u6613\u901a\u8fc7\u6027 \/ \u53ef\u9760\u6027\u6709\u9700\u6c42\u7684\u534f\u8bae\uff0c\u5178\u578b\u5982 DEX\u3002\u56e0\u800c Solayer \u5c06 Eigenlayer \u6240\u63d0\u4f9b\u7684 AVS \u670d\u52a1\u79f0\u4e3a\u5916\u6e90\u6027 AVS\uff08Exogenous AVS\uff09\uff0c\u56e0\u4e3a Eigenlayer \u670d\u52a1\u7684\u8fd9\u4e9b\u7cfb\u7edf\u901a\u5e38\u4f4d\u4e8e Ethereum \u4e3b\u94fe\u4e4b\u5916\u3002\u800c\u81ea\u5df1\u6240\u63d0\u4f9b\u7684\u670d\u52a1\uff0c\u79f0\u4e4b\u4e3a\u5185\u6e90\u6027 AVS\uff08Endogenous AVS\uff09\uff0c\u56e0\u4e3a\u5176\u670d\u52a1\u5bf9\u8c61\u4f4d\u4e8e solana \u4e3b\u94fe\u4e4b\u5185\u3002<\/p>\n Solayer \u4e0e Eigenlayer \u7684\u533a\u522b\u00a0\u6765\u6e90<\/p>\n \u53ef\u4ee5\u770b\u51fa\uff0c\u5c3d\u7ba1\u540c\u662f\u5c06\u8d28\u62bc\u8d44\u4ea7\u79df\u8d41\u7ed9\u5176\u4ed6\u6709\u9700\u6c42\u7684\u534f\u8bae\u5b9e\u73b0\u2019re\u2019staking\uff0c\u4f46 Solayer \u7684\u5185\u6e90\u6027 AVS \u548c\u548c Eigenlayer \u7684\u5916\u6e90\u6027 AVS \u6240\u63d0\u4f9b\u7684\u6838\u5fc3\u670d\u52a1\u662f\u4e0d\u540c\u7684\u3002Solayer \u7684\u5185\u6e90\u6027 AVS \u672c\u8d28\u4e0a\u662f\u300c\u4ea4\u6613\u901a\u8fc7\u6027\u79df\u8d41\u5e73\u53f0\u300d\uff0c\u5176\u9700\u6c42\u7528\u6237\u662f\u5bf9\u4ea4\u6613\u901a\u8fc7\u6027\u6709\u9700\u6c42\u7684\u5e73\u53f0\uff08\u6216\u5176\u7528\u6237\uff09\uff0c\u800c Eigenlayer \u5219\u662f\u300c\u534f\u8bae\u5b89\u5168\u79df\u8d41\u5e73\u53f0\u300d\u3002\u800c\u5176\u5185\u6e90\u6027 AVS \u7684\u6838\u5fc3\u652f\u6491\uff0c\u662f Solana \u7684 swQoS \u673a\u5236\u3002\u6b63\u5982 Solayer \u5728\u5176\u6587\u6863\u4e2d\u6240\u8bf4\uff1a<\/p>\n We did not fundamentally agree with EigenLayer\u2019s technical architecture. So we re-architected, in a sense, restandardized restaking in the Solana ecosystem. Reusing stake as a way of securing network bandwidth for apps. We aim to become the de facto infrastructure for stake-weighted quality of service, and eventually, a core primitive of the Solana blockchain\/consensus.<\/p>\n \u300c\u6211\u4eec\u4ece\u6839\u672c\u4e0a\u4e0d\u540c\u610f EigenLayer \u7684\u6280\u672f\u67b6\u6784\u3002\u56e0\u6b64\u4ece\u67d0\u79cd\u610f\u4e49\u4e0a\u8bf4\uff0c\u6211\u4eec\u91cd\u65b0\u6784\u5efa\u4e86 Solana \u751f\u6001\u7cfb\u7edf\u4e2d\u7684 restaking\u3002\u590d\u7528 Stake \u4f5c\u4e3a\u4fdd\u62a4 APP \u7f51\u7edc\u5e26\u5bbd\u7684\u4e00\u79cd\u65b9\u5f0f\u3002\u6211\u4eec\u7684\u76ee\u6807\u662f\u6210\u4e3a swQoS \u4e8b\u5b9e\u4e0a\u7684\u57fa\u7840\u8bbe\u65bd\uff0c\u5e76\u6700\u7ec8\u6210\u4e3a Solana \u533a\u5757\u94fe \/ \u5171\u8bc6\u7684\u6838\u5fc3\u539f\u8bed\u3002\u300d<\/p>\n \u5f53\u7136\uff0c\u5982\u679c Solana \u94fe\u4e0a\u6709\u5176\u4ed6\u6709\u8d28\u62bc\u8d44\u4ea7\u9700\u6c42\u7684\u534f\u8bae\uff0c\u6bd4\u5982\u534f\u8bae\u5b89\u5168\u9700\u6c42\uff0cSolayer \u4e5f\u53ef\u4ee5\u5c06\u5176 SOL \u79df\u501f\u7ed9\u8fd9\u4e9b\u534f\u8bae\u3002\u4e8b\u5b9e\u4e0a\uff0c\u4ece\u5b9a\u4e49\u4e0a\u6765\u8bf4\uff0c\u4efb\u4f55\u5bf9\u8d28\u62bc\u8d44\u4ea7\u7684\u79df\u501f \/ \u518d\u5229\u7528\u90fd\u53ef\u4ee5\u88ab\u79f0\u4e3a\u518d\u8d28\u62bc\uff0c\u800c\u4e0d\u5fc5\u4ec5\u4ec5\u5c40\u9650\u4e8e\u5b89\u5168\u9700\u6c42\u3002\u7531\u4e8e Solana \u94fe swQoS \u673a\u5236\u7684\u5b58\u5728\uff0c\u5728 Solana \u94fe\u4e0a\u7684 restaking \u4e1a\u52a1\u8303\u56f4\u8981\u6bd4 Ethereum \u94fe\u4e0a\u7684\u66f4\u5e7f\uff0c\u800c\u4ece Solana \u8fd1\u671f\u7684\u706b\u70ed\u7684\u94fe\u4e0a\u6d3b\u8dc3\u5ea6\u6765\u770b\uff0c\u4ea4\u6613\u901a\u8fc7\u6027\u7684\u9700\u6c42\u8981\u6bd4\u5b89\u5168\u6027\u7684\u9700\u6c42\u66f4\u52a0\u521a\u6027\u3002<\/p>\n Solayer \u7684 restaking \u662f\u4e2a\u597d\u4e1a\u52a1\u5417\uff1f<\/strong><\/p>\n \u7528\u6237\u53c2\u4e0e Solayer restaking \u7684\u4e1a\u52a1\u6d41\u7a0b\u5982\u4e0b\uff1a<\/p>\n \u76ee\u524d Solayer \u7684 AVS\u00a0\u6765\u6e90<\/p>\n \u53ef\u4ee5\u770b\u51fa\uff0cSolayer \u4e0d\u4ec5\u662f\u4e00\u4e2a restaking \u5e73\u53f0\uff0c\u66f4\u662f\u76f4\u63a5\u53d1\u884c LST \u7684 restaking \u5e73\u53f0\uff0c\u4ece\u4e1a\u52a1\u6d41\u7a0b\u6765\u770b\uff0c\u50cf\u662f\u4ee5\u592a\u574a\u7f51\u7edc\u4e0a\u652f\u6301\u539f\u751f restaking \u7684 Lido\u3002<\/p>\n \u524d\u6587\u63d0\u5230\uff0c\u56f4\u7ed5\u8d28\u62bc\u884c\u4e3a\u4e00\u5171\u6709\u4e09\u79cd\u6536\u76ca\u6765\u6e90\uff0c\u5728 Solana \u7f51\u7edc\u4e0a\u8fd9\u4e09\u79cd\u6536\u76ca\u7684\u60c5\u51b5\u5982\u4e0b\uff1a<\/p>\n SOL liquid staking\uff08\u4ee5 JitoSOL \u4e3a\u4f8b\uff09APY \u7684\u603b\u6536\u76ca\u548c MEV \u6536\u76ca \u6765\u6e90<\/em><\/p>\n \u5982\u679c\u4ed4\u7ec6\u5bf9\u6bd4\u4ee5\u592a\u574a\u548c Solana \u7684\u4e0a\u8ff0\u4e09\u79cd\u6536\u76ca\uff0c\u6211\u4eec\u4f1a\u53d1\u73b0\uff0c\u5c3d\u7ba1 SOL \u7684\u5e02\u503c\u4ecd\u7136\u53ea\u6709 ETH \u7684 1\/4\uff0cstaked SOL \u7684\u5e02\u503c\u53ea\u6709 staked ETH \u5e02\u503c\u7684 60% \u5de6\u53f3\uff0c\u4f46 Solana \u94fe\u7684\u8d28\u62bc\u76f8\u5173\u534f\u8bae\u6bd4 Ethereum \u94fe\u7684\u8d28\u62bc\u76f8\u5173\u534f\u8bae\u6709\u7740\u4e8b\u5b9e\u4e0a\u66f4\u5927\u7684\u5e02\u573a\uff0c\u4ee5\u53ca\u66f4\u5927\u7684\u6f5c\u5728\u5e02\u573a\uff0c\u56e0\u4e3a\uff1a<\/p>\n 1. PoS \u5e95\u5c42\u6536\u76ca\u65b9\u9762\uff1aSOL \u613f\u610f\u652f\u4ed8\u7684\u7f51\u7edc\u589e\u53d1\u6536\u76ca\u5df2\u7ecf\u4ece 23 \u5e74 12 \u6708\u5f00\u59cb\u9ad8\u4e8e\u4e86 ETH\uff0c\u5e76\u4e14\u4e24\u8005\u7684\u5dee\u8ddd\u4ecd\u5728\u4e0d\u65ad\u6269\u5927\u3002\u4e0d\u8bba\u662f ETH \u8fd8\u662f SOL \u8d28\u62bc\uff0c\u8fd9\u90fd\u662f\u5360\u5176\u6536\u76ca\u7387\u4e2d\u8d85\u8fc7 80% \u7684\u90e8\u5206\uff0c\u8fd9\u51b3\u5b9a\u4e86\u6240\u6709\u8d28\u62bc\u76f8\u5173\u534f\u8bae\u7684\u6536\u5165\u57fa\u7ebf\u3002<\/p>\n Ethereum \u548c Solana \u4ee3\u5e01\u589e\u53d1\u5956\u52b1\uff08\u5373\u7f51\u7edc\u7684 PoS \u5e95\u5c42\u6536\u76ca\uff09\u6765\u6e90\uff1aBlockworks<\/em><\/p>\n 2. \u4ea4\u6613\u6392\u5e8f\u6536\u76ca\u65b9\u9762\uff1aBlockworks \u4f7f\u7528\u4ea4\u6613\u8d39\u548c MEV \u5c0f\u8d39\u6765\u53cd\u6620\u4e00\u6761\u94fe\u7684\u771f\u5b9e\u7ecf\u6d4e\u4ef7\u503c\uff08REV,Real Economic Value\uff09\uff0c\u8fd9\u4e2a\u6307\u6807\u8fd1\u4f3c\u80fd\u53cd\u6620\u4e00\u6761\u94fe\u6240\u80fd\u83b7\u5f97\u4ea4\u6613\u6392\u5e8f\u6536\u76ca\u7684\u6700\u5927\u503c\uff0c\u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c\u5c3d\u7ba1\u4e24\u6761\u94fe REV \u7684\u6ce2\u52a8\u90fd\u8f83\u5927\uff0c\u4f46\u4ee5\u592a\u574a\u7684 REV \u5728\u574e\u6606\u5347\u7ea7\u4e4b\u540e\u6025\u901f\u4e0b\u964d\uff0c\u800c Solana \u7684 REV \u5219\u603b\u4f53\u5448\u73b0\u4e0a\u5347\u8d8b\u52bf\uff0c\u5e76\u4e8e\u8fd1\u671f\u6210\u529f\u8d85\u8fc7\u4e86\u4ee5\u592a\u574a\u3002<\/p>\n Solana \u548c Ethereum \u7684 REV \u6765\u6e90\uff1aBlockworks<\/em><\/p>\n \u5728\u8d28\u62bc\u8d44\u4ea7\u51fa\u79df\u6536\u76ca\u65b9\u9762\uff0c\u76f8\u8f83\u4ee5\u592a\u574a\u7f51\u7edc\u76ee\u524d\u4ec5\u6709\u5b89\u5168\u6536\u76ca\uff0cSolana \u7684 swQoS \u673a\u5236\u80fd\u591f\u5e26\u6765\u989d\u5916\u7684\u4ea4\u6613\u901a\u8fc7\u6027\u7684\u79df\u8d41\u9700\u6c42\u3002<\/p>\n \u4ee5\u53ca\uff0cSolana \u7684\u8d28\u62bc\u76f8\u5173\u534f\u8bae\u53ef\u4ee5\u6309\u7167\u5546\u4e1a\u903b\u8f91\u6765\u6269\u5c55\u4e1a\u52a1\uff0c\u4efb\u4f55 liquid staking \u534f\u8bae\u90fd\u53ef\u4ee5\u5f00\u5c55 restaking \u4e1a\u52a1\uff0c\u6bd4\u5982\u6211\u4eec\u770b\u5230\u7684 Jito\uff1b\u4efb\u4f55 restaking \u534f\u8bae\u4e5f\u90fd\u53ef\u4ee5\u53d1\u884c LST\uff0c\u6bd4\u5982 Solayer \u548c Fragmetric\u3002<\/p>\n \u66f4\u91cd\u8981\u7684\u662f\uff0c\u4ee5\u4e0a\u7684\u8d8b\u52bf\u6211\u4eec\u76ee\u524d\u6ca1\u6709\u770b\u5230\u4efb\u4f55\u9006\u8f6c\u7684\u53ef\u80fd\u6027\uff0c\u4e5f\u5c31\u662f\u8bf4\uff0c\u672a\u6765 Solana \u8d28\u62bc\u534f\u8bae\u76f8\u5bf9 Ethereum \u8d28\u62bc\u534f\u8bae\u7684\u4f18\u52bf\u53ef\u80fd\u8fd8\u5c06\u4e0d\u65ad\u6269\u5927\u3002<\/p>\n \u4ece\u8fd9\u4e2a\u89d2\u5ea6\uff0c\u5c3d\u7ba1\u6211\u4eec\u4ecd\u7136\u4e0d\u80fd\u8bf4 Solana \u7684 restaking \u5df2\u7ecf\u627e\u5230\u4e86 PMF\uff0c\u4f46\u662f\u53ef\u4ee5\u660e\u786e\u7684\u662f\uff0cSolana \u7684 staking \u548c restaking \u662f\u6bd4 Ethereum \u4e0a\u66f4\u597d\u7684\u4e1a\u52a1\u3002<\/p>\n","protected":false},"excerpt":{"rendered":" \u5728\u63a5\u8fde\u83b7\u5f97\u4e24\u8f6e\u878d\u8d44\uff0c\u5305\u62ec Polychain \u9886\u6295\u7684 1200 \u4e07\u7f8e\u5143\u878d\u8d44\u548c Binance labs \u7684\u878d\u8d44 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1331","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1331"}],"version-history":[{"count":1,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1331\/revisions"}],"predecessor-version":[{"id":2985,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1331\/revisions\/2985"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1331"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/figure>\n
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