jakiro
Source: Chain Observation
How to evaluate the decentralized Sequence Metisl2’s decentralized Sequence mining mechanism?If Ethereum ecology has entered the RestAKING Points+DEFI “Senior” of the lock ETH liquidity war, Metis uses decentralized Sequenceer to run and runs and@EnkiprotocolThe pledge and mining of the LST platform formed a linkage, and have the opportunity to reappear the Defi “budding period” on Layer2?Next, talk about my opinion:
1) When the RESTAKING platform appears one by one on the Ethereum, ETH native assets will become a fragrant fragrant between the platform.Therefore, a large number of platforms are exchanged for users’ ETH assets with the Wrapped version ETH. Although the packaging version of the assets can also be circulated in the DEFI system, users cannot redeem their native ETH assets.
The reason is also simple. Imagine if you store some other platforms on the LRT vouchers of some other platforms, without ETH native assets, this LST platform is just like no root wood.so,Of course, you have to try your best to use the “one fish to eat more” to find a way to “pay” the original ETH assets.
Of course, users do not care about this problem in the RESTAKING FOMO period. Staying in ETH can be replaced with the packaging version of ETH (which can be circulated), and you can also get the EIGENLAYER platform points.No.
If the asset superposition combination between these RESTAKING platforms has no security problems, there is no big problem.As soon as the user calculated the account, he handed over the native ETH, but in exchange for the out -of -encapsulation ETH and the future multi -platform integral airdrop opportunities, it seemed to make ance.But all of this need, the RestAKing portfolio economy around @eigenlayer will not have the premise of damping the dam. If the user wants to redeem the native assets to escape, it will be late.
This does not mean the meaning of FUD Ethereum RestAKing Defi ecology. In fact, more and more Staking+RESTAKING platforms appear.ETH is getting less and less. The “leverage” of the Defi Financial Lego Building will be stacked and higher. For radical points, it is also a new DEFI Summer.
However, from another perspective, this is also a typical feature of an ecological “hanging old”.There are so many native assets that do not have leverage on the market, and it is necessary to combine a leverage Empire Building.Who can grab the native assets and who is qualified to build the building. As a result, everyone is doing high leverage. A Eigenlayer revitalizes the Ethereum DEFI ecosystem, but the risk behind this is difficult to think about it.
2) Metis, as a part of Ethereum Layer2 ecosystem, has made some measures that do not follow us in the past few years:
1. The GAS Token replaced by $ ETH is the Layer2 platform. At the beginning of the hair chain, Metis was used as Utiliy practical token, and $ metis was built as a native Token;
2. As an OP-RollUp, the centralized Storage DA+key can be used for verifying data to submit to Ethereum’s combination DA paradigm, which can be greatly reduced.DA, to provide a DA method that is more fitted in market trends, which also provides basic flexibility for the implementation of Hybrid Rollup;
3. Push out the decentralized Sequenceer system and use the native Token to motivate decentralized Sequenceer nodes to mine. After the official launch, 20%of APY returns.If you need money, this is a native underlying income. For example, users pledge ETH in Lido and can get 20%of the income. The value of Utility token will be maximized in this link.Theoretically, the stronger the sustainability of this native mining income, the greater the combined development of subsequent Defi ecology.Imagine that 4%of LIDO’s current 4%of the revenue is still continuously derived, not to mention the early Metis Defi ecosystem with 20%of the starting time;
4. With the bottom decentralized Sequencer mining incentive of native Token, LST platforms such as @enkiprotocol @Artemisfinance will emerge, after all, this mining income is not willing to risk playing RESTAKING Point Inner Roll in the main network.For funds, attractiveness is still quite large;
5. When a large number of LST platforms emerge, the LRT platform will follow, because the pledge Metis generates Emetis. In addition to digging the points of the LST platform, Emetis can be pledged to other LRT platforms to further earn benefits.At the same time, some other DEX, Derivatives, CDP and other DEFI platforms will also participate in this overflowing liquidity relay. Slowly, Ethereum DEFI’s Defi Farming road has been theoretically reclaimed in theory;
In short, when Layer2 blossoms everywhere, Metis originally abandoned ETH’s rebellion for Gas token, but it established the basis for developing the DEFI ecology for it.The economy has laid the foundation.
At the moment, many Ethereum Layer2 Defi develops the root of the development. The core reason isThere is no growth in the value of native assets on the second floor. It is difficult for the two -layer package ETH tokens to build a healthy and sustainable growth ecology.
Obviously, Metis is still a small baby compared to the 10 billion -dollar valuation of the golden spoon in Layer2.However, if you agree with this paradigm based on the growth of decentralized economies based on native Utility token drivers, at least compared to other Layer2, Metis may be the most thorough and most likely to grow up in future DEFI ecological growth.Essence
(So, is this the real reason why Vitalik’s mother pushes Metis? It is a new Layer2 new vitality for Ethereum.
