jakiro
Source: Chain Observation
Recently, a series of factors include: @eigenlayer’s airdrop expectation, @Renzoprotocol, will not perform as expected after launch, and the decrease in other RestAking’s FOMO emotions will undoubtedly reduce the RestAKING again.How to see the status quo of the Restaking industry and the change of the possibility of follow -up?Next, I simply share a few points:
1) The RESTAKING track has indeed undergone a long time of irrational prosperity. From points wars to ETHFI, Renzo, Puffer, SWELL, etc. are placed in high market high hopes, and then pledged the track into a robbing native ETH and LST vouchersThe “lock -locking” data show mode, as if who can attract more assets to lock in, who can create greater expected value in the future, so get a higher valuation of entering the market?
In my opinion, this value estimation standard is separated from a large spectrum, which ignores the essence. Lock LST vouchers have created incremental value for points.The beginning.Obviously, under irrational emotions, everyone’s expectations and focus are not on the application level of AVS. Instead, they are replaced by high expectations with attracting flow and assets, and they are not effective.
2) EIGENLAYER’s warehouse promotion to the token, and proposed the innovation paradigm of Intersubjective. In fact, this Token was issued to my opinion as if it was dedicated to “fire extinguishing”.Because if RESTAKING points are further demonized, the pressure to Eigenlayer will also be amplified by the index level. Once Eigenlayer will cause the pledge industry to induce the chain resonance crisis in the future development process.
Eigenlayer’s expected landing on the token will clearly cool down the FOMO atmosphere such as points wars and let the market focus on the growth of the support point of the re -pledged support point AVS network effect.
3) AVS (active verification service). In short, some nodes are selected from tens of thousands of node operators in Ethereum, and some corresponding software and hardware and technical service capabilities are enhanced.Originally, on the basis of the Ethereum consensus, some service capabilities that expand some network security such as other Rollups have been expanded, and the possibility of additional benefits will be obtained.(Equivalent to abstract some “mining pools” from a large number of “miners” and do some business development)
The AVS network can be understood as some “middleware” services enhanced in the Ethereum Basic Infra layer, so that some nodes are united, and you can do “packaging” and commercialization of service capabilities such as decentralization SEQUENCER, decentralization Oracle and other servicesOutput.Theoretically, as long as the ability of the nodes under the jurisdiction of AVS is large enough, as long as it is within the large consensus framework of Ethereum, the application of the application to the floor will be very considerable.
It is more popular that the original intermediate network network needs to be built on the outside consensus to access. Now it can directly allow the underlying infrastructure of Ethereum to have such service capabilities, and it can represent the security consensus of Ethereum.The enhanced application paradigm of AVS nodes can be regarded as one potential direction of increasing business expansion capabilities to Ethereum, but its focus is on the enhancement of node service capabilities and the real landing of AVS network service capabilities and generating benefits.It is not an Avs pledge and re -pledge and the expected attributes of points Warwar.
4) In fact, the enhanced application paradigm of AVS nodes is also reflected in the Ethereum network: for example: @marlinprotocol enhanced through distributed nodes, it can achieve some AI model training needs to provide rental power support; and alsoFor example: @Flarenetworks can enhance the ability of the distributed distributed Oracle node under its chain, which can allow Oracle nodes to directly integrate EVM networks and ecology on the chain to open up the narrative direction of Oracle As a Service.(Take time and follow the analysis and interpretation in detail)
After strengthening the capacity of the nodes behind the bottom at the bottom, the ability to strengthen the capacity of the underlying node can bring wider business growth capabilities to the original chain.
Looking back, the original Eigenlayer originally made a pledge only to provide basic security capabilities for EIGENDA (first AVS), but he never thought but opened the “Pandora Magic Box” that pledged the re -pledged: if you do not add guidanceAnd control, the false prosperity of the pledge will further enlarge the potential liquidity crisis of the Ethereum network; in a positive point of view, from the perspective of AVS node capacity enhancement perspective, RESTAKING will indeed inject a new narrative direction and imagination space into the blockchain ecosystem.Essence
This is the future of pledged tracks, without it.
