EigenLayer 的 EIGEN 空投爭議在用戶擔憂中升溫

EigenLayer 最近宣布的 EIGEN 代幣空投在加密社群內引起了相當大的爭議。用戶面臨的問題包括代幣經濟學缺乏透明度、複雜的空投分配、不可轉讓的代幣、不明確的歸屬時間表和訪問限制。該項目的資訊溝通和呈現因支離破碎且含糊不清而受到批評。儘管 TVL 和先前的資金都很可觀，但 EigenLayer 的代幣發行讓人們對所謂的「積分」空投模式的未來產生了懷疑。

EigenLayer's EIGEN Airdrop Announcement Sparks Controversy amidst User Concerns

EigenLayer EIGEN空投公告引發用戶關注爭議

EigenLayer, a notable restaking protocol, unveiled its EIGEN token and plans for an airdrop to users in May. However, the announcement has triggered a flurry of debates within the cryptocurrency community regarding the tokenomics and peculiar mechanics associated with the distribution.

EigenLayer 是一個著名的重質押協議，它推出了 EIGEN 代幣，並計劃在 5 月向用戶進行空投。然而，這項公告在加密貨幣社群內引發了一系列關於代幣經濟學和與分配相關的特殊機制的爭論。

Tokenomics Revelation and Token Lock-up

通證經濟啟示與通證鎖定

Initially, the project released a 43-page whitepaper detailing the overview, utility, and technical aspects of the EIGEN token. Surprisingly, the document failed to mention the tokenomics, a crucial aspect for projects with native tokens, leaving investors in the dark about supply distribution, circulating supply, and future unlocking schedules. The absence of this vital information perplexed the crypto community.

最初，該專案發布了一份 43 頁的白皮書，詳細介紹了 EIGEN 代幣的概述、實用性和技術方面。令人驚訝的是，該文件沒有提及代幣經濟學，這是原生代幣項目的關鍵方面，讓投資者對供應分配、流通供應和未來的解鎖時間表一無所知。這些重要資訊的缺失讓加密貨幣社群感到困惑。

The first insights into EIGEN's tokenomics originated from The Block, an external media outlet, rather than the project itself. This discrepancy necessitated users to create their own illustrative charts based on the provided distribution percentages.

對 EIGEN 代幣經濟學的最初見解源自於外部媒體 The Block，而不是專案本身。這種差異需要使用者根據提供的分佈百分比來建立自己的說明性圖表。

EigenLayer subsequently disclosed details through a blog post published by Eigen Foundation, the community governance organization backing the project.

EigenLayer 隨後透過支持該計畫的社群治理組織 Eigen Foundation 發布的部落格文章披露了詳細資訊。

Complex Airdrop Phases

複雜的空投階段

Beyond the tokenomics conundrum, the airdrop distribution has also raised questions and concerns. EigenLayer's initial token supply of 1.67 billion will allocate 15% for airdrops, of which only 5% will reward users who participated in the "farming" process, labeled as Season 1. Season 1 ended with a snapshot on March 15, 2024.

除了代幣經濟學難題之外，空投分配也引發了問題和擔憂。 EigenLayer 的初始代幣供應量為16.7 億，將分配15% 用於空投，其中只有5% 將獎勵參與「挖礦」過程的用戶，標記為第1 季。以快照結束。

However, Season 1 has been further divided into two phases: Phase 1 and Phase 2.

然而，第 1 季進一步分為兩個階段：第 1 階段和第 2 階段。

Phase 1 is intended for end users who interacted directly with EigenLayer's smart contracts, either through the protocol itself or via other liquidity restaking protocols (LRTs). The tokens distributed in this phase will be unlocked on May 10, 2024.

第一階段適用於透過協定本身或其他流動性重新抵押協定 (LRT) 直接與 EigenLayer 智能合約互動的最終用戶。本階段分配的代幣將於2024年5月10日解鎖。

Phase 2, on the other hand, targets users of indirect restaking protocols. EigenLayer explains that defining direct users in the overlapping restaking landscape is challenging due to multiple projects re-staking each other's staked tokens. Therefore, users who staked through restaking projects will fall under Phase 2.

另一方面，第二階段針對的是間接重新抵押協議的使用者。 EigenLayer 解釋說，由於多個項目重新抵押彼此的抵押代幣，因此在重疊的重新抵押環境中定義直接用戶具有挑戰性。因此，透過重新質押項目質押的用戶將屬於第二階段。

This distinction has drawn criticism from the community. Liquid restaking is a derivative of EigenLayer itself, and the project has actively encouraged its expansion, effectively creating an intricate web of liquidity "Ponzi" schemes. However, the classification between LRTs has led to a disproportionate distribution, with the majority of tokens allocated to users of protocols with direct ties to EigenLayer and only a small fraction reserved for other projects.

這種區別引起了社會的批評。 Liquid restake 是 EigenLayer 本身的衍生品，該項目積極鼓勵其擴張，有效地創建了一個錯綜複雜的流動性「龐氏」騙局網絡。然而，LRT 之間的分類導致了分配不成比例，大部分代幣分配給了與 EigenLayer 直接相關的協議的用戶，只有一小部分保留給其他項目。

The confusion surrounding these airdrop calculations prompted EigenLayer to provide additional clarifications, which were met with further criticism due to their perceived ambiguity and lack of transparency regarding the treatment of different LRTs.

圍繞這些空投計算的混亂促使 EigenLayer 提供額外的澄清，但由於其在處理不同輕軌方面的含糊性和缺乏透明度而受到進一步的批評。

Non-Transferable Tokens

不可轉讓代幣

Another revelation buried within the 43-page whitepaper was the non-transferability of EIGEN tokens. Effectively, users who receive these tokens will be unable to transfer, sell, or exchange them, rendering them equivalent to loyalty points, which EigenLayer had previously used for airdrop estimations.

43 頁白皮書中隱藏的另一個啟示是 EIGEN 代幣的不可轉讓性。實際上，收到這些代幣的用戶將無法轉讓、出售或交換它們，使它們相當於忠誠度積分，EigenLayer 之前曾將其用於空投估算。

Vesting Schedule and Trading Restrictions

歸屬時間表和交易限制

Despite the months spent farming for EIGEN, the announcement that the tokens would be non-transferable understandably raised concerns. However, the situation worsened when it became apparent that the whitepaper did not reveal a definitive timeline for when trading would be enabled.

儘管 EIGEN 花了幾個月的時間進行耕種，但代幣不可轉讓的公告引起了人們的擔憂，這是可以理解的。然而，當白皮書顯然沒有透露何時啟用交易的明確時間表時，情況變得更加惡化。

EigenLayer justified this decision by citing the need for community feedback on crucial factors, ensuring proper understanding of reward mechanisms and slashing penalties, and fostering a decentralized governance ecosystem by allowing time for additional airdrop distributions.

EigenLayer 證明了這項決定的合理性，理由是需要社群對關鍵因素進行回饋，確保正確理解獎勵機制並大幅削減處罰，並透過留出時間進行額外的空投分發來培育去中心化的治理生態系統。

Geographic Restrictions at Claim Time

索賠時的地理限制

The project's decision to geo-block access to users from certain countries, including the United States, Canada, and parts of Asia and Africa, has raised eyebrows. Notably, EigenLayer failed to disclose these restrictions upfront, and many users only discovered their exclusion upon attempting to claim the airdrop.

該計畫決定對來自某些國家（包括美國、加拿大以及亞洲和非洲部分地區）的用戶進行地理封鎖，這項決定引起了人們的關注。值得注意的是，EigenLayer 未能預先披露這些限制，許多用戶只是在嘗試領取空投時才發現它們被排除在外。

Ambiguous Token Utility

不明確的代幣效用

EigenLayer introduced a novel technological concept known as the "Universal Intersubjective Work Token" (EIGEN), complementing the "Universal Objective Work Token" (ETH). The project's documentation provides a detailed explanation of this technological advancement.

EigenLayer 引入了一種稱為「通用主體間工作代幣」（EIGEN）的新穎技術概念，補充了「通用目標工作代幣」（ETH）。該專案的文檔提供了這項技術進步的詳細解釋。

Insider Trading Allegations

內線交易指控

Adding to the growing list of controversies, some community members have raised concerns about suspicious activity related to EigenLayer's token announcement. One wallet address was observed to have unstaked a significant amount of ETH from EigenLayer just a day after the snapshot, leading to speculation that insider information may have been involved.

除了越來越多的爭議之外，一些社區成員也對與 EigenLayer 代幣公告相關的可疑活動表示擔憂。就在快照發布的第二天，一個錢包地址就被觀察到從 EigenLayer 中提取了大量 ETH，這導致人們猜測可能涉及內幕信息。

However, others have countered that such observations could be coincidental, as the unstaking process takes seven days to complete and the wallet in question may have been ineligible for the airdrop due to unstaking before the March 15 snapshot deadline.

然而，其他人反駁說，這種觀察結果可能是巧合，因為取消質押過程需要 7 天才能完成，並且由於在 3 月 15 日快照截止日期之前取消質押，相關錢包可能沒有資格獲得空投。

Industry Experts Weigh In

行業專家參與討論

The ongoing controversies surrounding EigenLayer's EIGEN token have prompted industry experts to voice their opinions. Frank Chaparro of The Block and Compound founder Robert Leshner have suggested that this incident could mark the decline of the "golden age of points" associated with airdrop farming.

圍繞 EigenLayer 的 EIGEN 代幣持續不斷的爭議促使行業專家發表了他們的意見。 The Block 的 Frank Chaparro 和複合創始人 Robert Leshner 表示，這一事件可能標誌著與空投農業相關的「積分黃金時代」的衰落。

Conclusion

結論

Beyond specific concerns regarding VPN restrictions, non-transferable tokens, and external controversies, the broader critique of EigenLayer's EIGEN announcement stems from the lack of clarity and cohesiveness in information dissemination. Key details, including tokenomics, vesting schedules, token utility, and airdrop criteria for ecosystem projects, are scattered across multiple sources, requiring investors to piece together a comprehensive understanding of the token and its distribution. This disjointed approach is surprising, considering the project's prominence in the DeFi sector, boasting a TVL of $15.6 billion and having raised $150 million from reputable investment firms such as a16z.

除了對 VPN 限制、不可轉讓代幣和外部爭議的具體擔憂之外，對 EigenLayer 的 EIGEN 公告的更廣泛批評源於資訊傳播缺乏清晰度和凝聚力。關鍵細節，包括代幣經濟學、歸屬時間表、代幣效用和生態系統專案的空投標準，分散在多個來源，要求投資者對代幣及其分佈有全面的了解。考慮到該項目在 DeFi 領域的突出地位，其 TVL 高達 156 億美元，並從 a16z 等知名投資公司籌集了 1.5 億美元，這種脫節的做法令人驚訝。

As the situation continues to evolve, the cryptocurrency community remains skeptical, expressing concerns about the implications of EigenLayer's opaque communication and the uncertain future of the EIGEN token.

隨著情況的不斷發展，加密貨幣社群仍然持懷疑態度，對 EigenLayer 不透明通訊的影響以及 EIGEN 代幣不確定的未來表示擔憂。