jakiro
Author: David C, Bankless; Compilation: White Water, Bit Chain Vision Realm
EIGENLAYER’s recent EIGEN “pledge decrease” is not an industry ecstasy moment when many people expect.
Although some novel design functions have won praise, the overall emotions seem to be negative.EIGEN’s initial non -transferability, VC -centered token distribution, and the lack of direct rewards for key DEFI protocols to promote the large number of Eigenlayer participation, making many people feel marginalized.
Although the replacement re -pledge agreement has been developed for some time, this kind of complimental reaction to the decline in Eigenlayer tokens has shifted some interests to other participants, competitors on Ethereum, and roads that open roads on other networks.On the protocol.
BoundceBit, Symbiotic, Solayer, and Karak Network are more obvious examples. These popular agreements adopt their own pledge methods, whether they are diverse assets or their ecosystems from their deposits or their ecosystems.
In this article, we will explore the main characteristics of these new agreements to determine what they can bring to the pledge market.
Karak network
Karak is a universal re -pledged layer, which has been compatible with a variety of assets, including stablecoins such as LST, USDE and SDAI and PENDLE PT positions.
With the support of funds such as Coinbase Ventures, Pantera Capital, and DCG, Karak supports assets on multiple chains such as Mantle and Arbitrum, expanding its market share that can attract capital.In addition, Karak’s method also uses two other mechanisms to stand out:
-
General safety:Through standardized capital requirements, Karak makes the new agreement easier to use a security trust network through its agreement from the beginning.This general method simplifies the guidance process of developers, and also enhances network mutual compatibility.
-
Verifying market:Karak has created a market that developers can inspire authenticants to use re -pledged assets to protect their services.This eliminates their needs for creating new, high inflation tokens, making rewards more consistent, and reducing costs, making Karak more efficient and scalable.
Although the scale of Karak is far less than that of Eigenlayer, it has increased by nearly 4 times in the past month. Whether it is disappointed by the decline in Eigenlayer, or the market is just looking for more returns.
In any case, Karak’s extensive asset support (even supported Defi positions) stood out from Eigenlayer.Whether it can overcome EigenLayer’s capital moat is completely another problem.
Symbiotic
Symbiotic is funded by Paradigm, co-founder and venture capital company of Lido, and aims to directly compete with EIGENLAYER by allowing any ERC-20s to pledged any ERC-20s to the Ethereum.
At present, very little about Symbiotic. In addition to the agreement will accept any ERC-20s tokens, this greatly expands the total addressable market for re-pledges and enhances its extensive integration in DEFI.
However, it did not stop at ERC-20.Symbiotic said it will also accept other forms of pledge, including the withdrawal voucher of ETH verifications and assets such as the LP position, no matter which blockchain they are on.In other words, pledge your PEPE/MOG Uni V3 position.
A key competitive advantage of Symbiotic may come from its consistency with the founder of Lido.Recently, Lido announced their Lido Alliance framework, focusing on finding a way to make STETH a centered center.In view of the status of LIDO as the leading agreement of Ethereum, the main status of STETH as the core DEFI component, and the founder’s investment in Symbiotic, this can provide a solid foundation for the start and integration of the project.
According to reports, Symbiotic will be launched at the end of this year. It has the potential to accept pledge of various ERC-20s and other forms of pledge, which may make it a powerful competitor of EIGENLAYER.
Solayer
Recently, the soft -launched Solana Re -pledged provider Solayer intends to introduce a popular L1 for the application chain network to expand economic security and execution capabilities.
We have begun to see some of the early development of Solana L2; Solayer can expand this demand, and use Solana’s architecture to provide application developers with a higher degree of consensus and block space customization.
From the perspective of supply, Solayer must have demand, and its deposit for SOL and LST has reached a maximum of $ 20 million in 45 minutes.Although Solayer may have a strong (soft) startup, the game must not end.It is competing with Cambrian, Picasso and potential Jito. It has been rumored for a long time that Jito is establishing a re -pledge game.Considering Jito’s position in the ecosystem, Solay’s work may be ready.
Bounterbit
BoundceBit brings back pledge function to Bitcoin, enabling BTC holders to earn benefits while expanding the opportunities of new applications on the Internet.
The working principle of the agreement is to allow users to deposit Bitcoin from various networks (BTCB and WBTC) from various networks (BTCB and WBTC on BNBCHAIN) in Mainnet Digital and CEFFU. Two things will happen.
-
The regulatory custodian Bitcoin is locked, allowing users to cast an equivalent mirror tokens BBTC on the Boundcebit chain, entrust them to node operators, and receive STBBTC as vouchers.You can then pledge this STBBTC to the shared security client (SSC) -boundcebit’s AVS -such as bridges, prophecy machines and side chains to earn more pledged rewards or for DEFI income.
-
At the same time, the primitive Bitcoin of the hosting continues to earn benefits through arbitrage and provide continuous revenue.
Since Bounterbit is also compatible with EVM, it can bring existing Defi liquidity into the Bitcoin ecosystem, help to accelerate the use of DEFI applications in the network, and expand its use cases and practicality.
In short, the method of Bounterbit allows Bitcoin to maximize its income potential through the arbitrage and re -pledge opportunities of regulatory and pledge opportunities, while using this capital security to expand the possibility of existence on Bitcoin.
Who is the victor?
Recent
BounceBit, Symbiotic, Solayer and Karak have brought new perspectives to the market, expanding and enhancing the overall pledge pattern.
No matter which projects have received early attention in their respective network fields, one thing is certain -Eigenlayer has set some considerable expectations for the re -pledge pattern, which is a potential return that many investors and builders desire to get.
