jakiro
Source: Dao said the blockchain
Recently, in the Ethereum ecosystem, a new track has risen:
Based on Eigenlayer’s re -pledged track.
Articles on this track on the Internet have been sweaty, but these articles mainly focus on introducing some projects that may be airdropping, and few descriptions of the principles and potential problems of the track.
The project directly introduces that the project looks straightforward and can immediately let readers copy homework, but it is difficult to inspire us to find and discover new projects and opportunities.
So in the next article, I will share with you my understanding of some basic principles and potential opportunities of this track.
The track is fundamentally EIGENLAYER.So everything starts with the EIGENLAYER project.
What is eigenlayer?
It is a solution that is committed to extending the security of Ethereum to other ecology.
We all know that the security of the Ethereum blockchain comes from the consensus of nodes in the Ethereum network.In order to allow the nodes that participate in consensus to work normally without evil, Ethereum has set up a mechanism: each node can only participate in block packaging and other work after mortgaging 32 ETH.
When the node works normally, it can be rewarded; when it does evil or abnormal work, the ETH mortgaged ETH will be punished.
This mechanism is the foundation of the entire Ethereum security, and it is also a mechanism universally universally universal in blockchain based on POS consensus.
Among the current POS consensus -based blockchain, it is clear that Ethereum is the highest security, and the market value of ETH is the largest.
In this case, can you simply extend this security of Ethereum into other POS -based blockchains or systems that also need security?
So Eigenlayer’s idea was proposed.
Its solution is very direct: Since Ethereum nodes have provided such a high security for Ethereum, since the market value of ETH is the highest among all POS blockchains, why not directly guide the Ethereum node as other POS blocks as other POS blocks.Provide the same security chain or system?Why not directly use ETH as the assets needed for security mortgages?
Following this idea, one of the most direct way is to allow Ethereum nodes to participate in other POS blockchain or system pledge at the same time.Specifically, the implementation of technology is to mortgage the mortgaged ETH to other POS blockchain or a system that requires security guarantee.
If this method is further refined, developed, and extended, there are four specific implementation methods:
The first is that ETH, which has been mortgaged in Ethereum, is also used as mortgage to be mortgaged to other systems.This is equivalent to a mortgage assets of Ethereum and other systems at the same time.
The second is mortgaged to be mortgaged to other systems by ETH derivatives (such as STETH obtained through Lido and RetH obtained through Rocket.At this time ETH mortgaged directly in Ethereum and indirectly mortgaged in other systems.
The third is derived from the first way.Since ETH can also be used as a mortgage of other systems, why not use derivative assets containing ETH as mortgages?The most typical is to include ETH transactions (LP) tokens in various decentralized exchanges.Mortgage to other systems.
The fourth way is derived from the second way, imitating the third method.Since STETH and RETH can be used as mortgages of other systems, we can also use derivative assets containing STETH and RETH as mortgages, such as transactions containing STETH and RETH in various decentralized exchanges to token to token to other systemsEssence
The above four models are the mortgage methods described in its white paper in its white paper.
This design idea of Eigenlayer is divergent and open.Based on ETH, it is regarded as effective assets that ETH and its XXETH assets derived from each other and participate in pledge of other systems.
Because of the divergence and opening up of the agreement, it has left great room for the development of this track.
In the above four methods, except for the first one, the other three methods are used for derivative assets.The project party can create a variety of ETH -based derivatives based on different scenes and use them as mortgage.
As a result, various doll projects based on Eigenlayer have emerged endlessly, making this track look extremely lively.
