Bears Streake Berachan

32亿美元以熊主题为主题的区块链贝拉辛（Berachain）不符合炒作。内部人士销售和高初始估值对该项目产生了权衡

A version of this article appeared in our The Decentralised newsletter on February 11. Sign up here.

本文的一个版本出现在2月11日的分散新闻通讯中。在此处注册。

GM, Tim here.

通用，蒂姆在这里。

Bears strike Berachain

Bears Streake Berachan

While Berachain may be the $3.2 billion bear in the room, the project is quickly proving that it isn’t living up to the hype.

虽然贝拉辛（Berachain）可能是房间里的32亿美元熊，但该项目很快就证明了它并不符合炒作。

As we reported last week, Berachain’s native token, BERA, opened trading at around $13. It now trades for around $5 — a more than 60% drop.

正如我们上周报道的那样，Berachain的原住民代币Bera开业的交易约为13美元。现在，它的交易价格约为5美元，下降了60％以上。

While some investors are blaming the project’s pseudonymous co-founders for the asset’s declining value, others say that the token’s high initial valuation is the main reason for the decline.

虽然一些投资者将项目的假名共同创始人归咎于资产的价值下降，但其他投资者则说，令牌的高初始估值是下降的主要原因。

Onchain records first identified by pseudonymous DeFi researcher Ericonomic show a wallet address linked to one of Berachain’s co-founders sold almost $1 million worth of BERA tokens received in the Berachain airdrop.

伪偏见研究员Ericonomic首次确定的OnChain记录显示，与Berachain的一位联合创始人有关的钱包地址售出了近100万美元的Bera代币，该地址在Berachain Airdrop中获得。

“He might be testing things in production or just adding liquidity, but even if this is the case, this should be addressed and explained immediately,” Ericonomic said.

Ericonolic说：“他可能正在测试生产中的事物或仅增加流动性，但即使是这种情况，也应立即解决并解释。”

The co-founder in question, Itsdevbear, who also acts as the project’s chief technical officer, did not respond to a request for comment.

有关的联合创始人，也是该项目首席技术官的Devbear没有回应置评请求。

Several investors, including Arthur Hayes of Maelstrom, told Blockworks that the BERA token’s high initial valuation is the main reason for the asset’s declining value.

包括Maelstrom的Arthur Hayes在内的几位投资者告诉Blockworks，Bera令牌的高初始估值是资产价值下降的主要原因。

Investors have previously criticised crypto projects launching tokens at high valuations.

投资者此前曾批评以高估的代币推出代币的加密项目。

“Investors don’t believe there is upside potential if a project launches with an 11 figure valuation,” Marc Weinstein, a partner at crypto investment firm Mechanism Capital, previously told DL News.

加密投资公司机制资本的合伙人马克·温斯坦（Marc Weinstein）先前告诉DL News，“投资者不相信一个以11个数字估值启动的项目，如果有11个数字估值，则不会有上行潜力。”

Ondo’s new blockchain

Ondo的新区块链

Ondo Finance, one of the largest issuers of tokenised US Treasury bonds, will launch its own blockchain in an attempt to lure Wall Street investors to crypto.

Ondo Finance是标记美国财政债券的最大发行人之一，它将推出自己的区块链，以吸引华尔街投资者到Crypto。

The blockchain, dubbed Ondo Chain, was developed with input from some of the world’s largest financial institutions, Ian De Bode, Ondo’s chief strategy officer, said at the Ondo Summit conference on Thursday.

Ondo首席战略官Ian de Bode在周四举行的Ondo Summit会议上说，该区块链被称为Ondo Chain是由一些世界上最大的金融机构的投入而开发的。

To address Wall Street’s fear of running afoul of regulators, validators on Ondo Chain will be invite-only.

为了解决华尔街担心监管机构的恐惧，将邀请Ondo Chain上的验证者。

“This means that only known and reputable — and often regulated — institutions will be allowed to run a validator,” De Bode said.

De Bode说：“这意味着只有已知和信誉并经常受到监管的机构才能经营验证者。”

“This also means that when you as an investor come onchain, you can rest assured that your transactions are not going to be front-run, and you can enjoy similar protections like you do in traditional finance.”

“这也意味着，当您作为投资者来Onchain时，您可以放心，您的交易不会是前进的，并且您可以像传统金融中那样享受类似的保护。”

Crypto-curious financial institutions, wary of public blockchains that can be accessed by anyone — including North Korean hackers — have previously created invite-only blockchains of their own. Those experiments have largely been failures.

加密有趣的金融机构，包括朝鲜黑客在内的任何人都可以访问的公共区块链持谨慎态度，以前创建了自己的邀请区块链。这些实验在很大程度上是失败的。

A plan for Ethereum

以太坊的计划

Ether has failed to live up to its status as “ultrasound money.”

Ether未能辜负其作为“超声资金”的地位。

That’s according to Ethereum Foundation researcher Justin Drake, who has proposed changes to help offset the issuance of new Ether tokens.

这是根据以太坊基金会的研究人员贾斯汀·德雷克（Justin Drake）的说法，他提出了更改以抵消新的以太代币的发行。

To do so, Drake proposes reducing the high fees on the Ethereum blockchain.

为此，Drake提议减少以太坊区块链上的高费用。

Reduced fees would mean less Ether is destroyed in each transaction, but that reduced “burn” would be more than offset by new users who had previously avoided the blockchain due to its notoriously high fees.

减少的费用将意味着每笔交易中的以太币会减少，但是减少的“燃烧”将被新用户所抵消，而新用户由于众所周知的高费用而避免了区块链。

“It’s much more lucrative to have 10M [transactions per second] with each transaction paying $0.001,” he said in a lengthy post on X, “than it is to have 100 TPS at $100/tx.”

他在X上的冗长帖子中说：“每次交易的收入为1000万，每秒支付1000万美元，比以100美元/tx的价格将100 tps的收入更高。”

Secondly, Drake wants to put a cap on new Ether tokens issued from staking.

其次，德雷克（Drake）希望在Sticking发行的新Ether代币上加上盖帽。

He proposes an issuance curve in the shape of a croissant — an unusual analogy, but here’s what it means:

他提出了一个羊角面包形状的发行曲线 - 一种不寻常的类比，但这就是它的含义：

Once a quarter of all Ether is staked, the amount of newly issued Ether should peak at 1% of the total supply. As more Ether is staked, newly issued Ether declines, eventually hitting zero once half of all Ether is staked.

一旦将所有以太的四分之一固定在一起，新发行的以太币的数量应以总供应量的1％达到顶峰。随着越来越多的以太固定，新发行的以太下降，最终将所有以太的一半固定在零。

“To me a 50% staking soft cap feels credibly neutral and pragmatic,” Drake said.

德雷克说：“对我来说，50％的固定软帽感觉非常中立和务实。”

Currently, around 27% of all Ether tokens are staked.

目前，所有以太代币中约有27％被固定在。

This week in DeFi governance

本周的辩护治理

VOTE: Gnosis DAO votes on making Karpatkey a DAO and issuing a KPK token

投票：GNOSIS DAO投票通过使Karpatkey成为DAO并发行KPK令牌

VOTE: GMX DAO weighs using fees to strengthen token liquidity

投票：GMX DAO使用费用来加强代币流动性

VOTE: Arbitrum DAO votes to increase the Stylus Sprint programme budget

投票：仲裁道投票以增加手写笔冲刺计划预算

Post of the week

本周帖子

“How to DAO” author Kevin Owocki riffs on Uniswap’s latest promotional image.

在Uniswap的最新宣传图像上，“如何进行DAO”作家Kevin Owocki即兴演奏。

pic.twitter.com/WVO7VaYUcA

pic.twitter.com/wvo7vayuca

pic.twitter.com/WVO7VaYUcA

pic.twitter.com/wvo7vayuca

Got a tip about DeFi? Reach out at tim@dlnews.com.

有关于defi的提示吗？通过tim@dlnews.com与您联系。