EigenLayer 的 EIGEN 空投争议在用户担忧中升温

EigenLayer 最近宣布的 EIGEN 代币空投在加密社区内引起了相当大的争议。用户面临的问题包括代币经济学缺乏透明度、复杂的空投分配、不可转让的代币、不明确的归属时间表和访问限制。该项目的信息沟通和呈现因支离破碎且含糊不清而受到批评。尽管 TVL 和之前的资金都很可观，但 EigenLayer 的代币发行还是让人们对所谓的“积分”空投模式的未来产生了怀疑。

EigenLayer's EIGEN Airdrop Announcement Sparks Controversy amidst User Concerns

EigenLayer EIGEN空投公告引发用户关注争议

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 是一个著名的重质押协议，它推出了 EIGEN 代币，并计划于 5 月份向用户进行空投。然而，这一公告在加密货币社区内引发了一系列关于代币经济学和与分配相关的特殊机制的争论。

Tokenomics Revelation and Token Lock-up

通证经济启示与通证锁定

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，该项目发布了一份 43 页的白皮书，详细介绍了 EIGEN 代币的概述、实用性和技术方面。令人惊讶的是，该文件没有提及代币经济学，这是原生代币项目的一个关键方面，让投资者对供应分配、流通供应和未来的解锁时间表一无所知。这些重要信息的缺失让加密货币社区感到困惑。

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.

对 EIGEN 代币经济学的最初见解源自外部媒体 The Block，而不是项目本身。这种差异需要用户根据提供的分布百分比创建自己的说明性图表。

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

EigenLayer 随后通过支持该项目的社区治理组织 Eigen Foundation 发布的博客文章披露了详细信息。

Complex Airdrop Phases

复杂的空投阶段

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.

除了代币经济学难题之外，空投分配也引发了问题和担忧。 EigenLayer 的初始代币供应量为 16.7 亿，将分配 15% 用于空投，其中只有 5% 将奖励参与“挖矿”过程的用户，标记为第 1 季。第 1 季于 2024 年 3 月 15 日以快照结束。

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

然而，第 1 季进一步分为两个阶段：第 1 阶段和第 2 阶段。

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.

第一阶段适用于通过协议本身或其他流动性重新抵押协议 (LRT) 直接与 EigenLayer 智能合约交互的最终用户。本阶段分配的代币将于2024年5月10日解锁。

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，第二阶段针对的是间接重新抵押协议的用户。 EigenLayer 解释说，由于多个项目重新抵押彼此的抵押代币，因此在重叠的重新抵押环境中定义直接用户具有挑战性。因此，通过重新质押项目质押的用户将属于第二阶段。

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.

这种区别引起了社会的批评。 Liquid restake 是 EigenLayer 本身的衍生品，该项目积极鼓励其扩张，有效地创建了一个错综复杂的流动性“庞氏”骗局网络。然而，LRT 之间的分类导致了分配不成比例，大部分代币分配给了与 EigenLayer 直接相关的协议的用户，只有一小部分保留给其他项目。

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.

围绕这些空投计算的混乱促使 EigenLayer 提供额外的澄清，但由于其在处理不同轻轨方面的含糊性和缺乏透明度而受到进一步的批评。

Non-Transferable Tokens

不可转让代币

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 页白皮书中隐藏的另一个启示是 EIGEN 代币的不可转让性。实际上，收到这些代币的用户将无法转让、出售或交换它们，从而使它们相当于忠诚度积分，EigenLayer 之前曾将其用于空投估算。

Vesting Schedule and Trading Restrictions

归属时间表和交易限制

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.

尽管 EIGEN 花了几个月的时间进行耕种，但代币不可转让的公告引起了人们的担忧，这是可以理解的。然而，当白皮书明显没有透露何时启用交易的明确时间表时，情况变得更加恶化。

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 证明了这一决定的合理性，理由是需要社区对关键因素进行反馈，确保正确理解奖励机制并大幅削减处罚，并通过留出时间进行额外的空投分发来培育去中心化的治理生态系统。

Geographic Restrictions at Claim Time

索赔时的地理限制

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.

该项目决定对来自某些国家（包括美国、加拿大以及亚洲和非洲部分地区）的用户进行地理封锁，这一决定引起了人们的关注。值得注意的是，EigenLayer 未能预先披露这些限制，许多用户只是在尝试领取空投时才发现它们被排除在外。

Ambiguous Token Utility

不明确的代币效用

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 引入了一种称为“通用主体间工作代币”（EIGEN）的新颖技术概念，补充了“通用目标工作代币”（ETH）。该项目的文档提供了这一技术进步的详细解释。

Insider Trading Allegations

内幕交易指控

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.

除了越来越多的争议之外​​，一些社区成员还对与 EigenLayer 代币公告相关的可疑活动表示担忧。就在快照发布的第二天，一个钱包地址就被观察到从 EigenLayer 中提取了大量 ETH，这导致人们猜测可能涉及内幕信息。

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，其他人反驳说，这种观察结果可能是巧合，因为取消质押过程需要 7 天才能完成，并且由于在 3 月 15 日快照截止日期之前取消质押，相关钱包可能没有资格获得空投。

Industry Experts Weigh In

行业专家参与讨论

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.

围绕 EigenLayer 的 EIGEN 代币持续不断的争议促使行业专家发表了他们的意见。 The Block 的弗兰克·查帕罗 (Frank Chaparro) 和复合创始人罗伯特·莱什纳 (Robert Leshner) 表示，这一事件可能标志着与空投农业相关的“积分黄金时代”的衰落。

Conclusion

结论

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.

除了对 VPN 限制、不可转让代币和外部争议的具体担忧之外，对 EigenLayer 的 EIGEN 公告的更广泛批评源于信息传播缺乏清晰度和凝聚力。关键细节，包括代币经济学、归属时间表、代币效用和生态系统项目的空投标准，分散在多个来源，要求投资者对代币及其分布有全面的了解。考虑到该项目在 DeFi 领域的突出地位，其 TVL 高达 156 亿美元，并从 a16z 等知名投资公司筹集了 1.5 亿美元，这种脱节的做法令人惊讶。

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.

随着情况的不断发展，加密货币社区仍然持怀疑态度，对 EigenLayer 不透明通信的影响以及 EIGEN 代币不确定的未来表示担忧。