After the EIGEN airdrop, what will be the future of LRTs?
Written by:hitesh.eth
Compiled by: Xiaobai Navigation coderworld
LRTs provide users with a simple interface to re-stake ETH and LSTs to earn additional returns. Now that the LRT, Eigenlayer and 10+ AVS Points meta events have ended, we need toWe need to shift our attention to LRTs like EzETH and eETH, and think about how to get additional benefits on the ETH native yield of 3.21%..
In EL’s design, AVS operators run hardware to perform computation and verification, and delegate the re-staked ETH to AVS — AVS essentially uses Eigenlayer’s economy.SafetyPool Guidedweb3Service Agreement.
Since they borrow financial guarantees from EL, they need to pay some fees, and these fees are the additional benefits they are promised.
In the early stages, most AVSs have difficulty gaining adoption for their projects, so earning revenue in the form of Rev shares is almost impossible. The only way for them to do this is to launch aToken.
Today, venture capital firms are investing blindly in AVS, so if some AVSTokenI wouldn't be surprised if it gets a multi-billion dollar valuation at TGE.
Web3 service protocols like Graph, Pyth, and Axelar all allocate a certain percentage of their supply to node rewards, and there is token inflation dedicated to node rewards every year.The supply distribution of node rewards is usually between 5-10%But if you look at the economy they get from EigenlayerSafetysize, then again this is subjective. For example, AXL has a $750 million economySafety,而如果看 Witness Chain、Lagrange 等 AVS,它们在不到一个月的时间里就坐拥超过 50 亿美元的经济安全。
Ideally, they will allocate more than 10% supply to provide fair rewards to AVS operators, who will share a portion of it with re-stakers.
Initially, before these AVS launch the Points program, you can earn AVS Points by staking ETH in Renzo, Puffer, and Etherfi... and it will continue to do so until we find a saturation stage for the Points meta.
For LRT’s tokens, they currently have governance utility, so unless they start sharing things like fees or other revenue from stakers, there’s no point in buying those tokens.
The entire EL ecosystem is a venture capitalist’s dream.
For retail investors, this is pure capital dilution for the sake of getting some extra yield on ETH.
You can also optimize returns in other DeFi strategies, so only play this game if you understand the rules and risks.
Finally, the original post author also compiled a comprehensive dashboard on the operation status of EigenLayer, covering the real-time status of various data such as LRT, AVS and user indicators, providing a useful reference for readers who are concerned about the EigenLayer ecosystem.
EL Ecological DataDashboard Link(Click here)
The article comes from the Internet:After the EIGEN airdrop, what will be the future of LRTs?
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