LRT市场最近是有点冷,不过刚瞄了眼数据,infrared上WBERA-LAIR一度达到了700%+的收益率还挺离谱,Kodiak那边LAIR-BERA更是飙到69420%了
但话说回来,从去年下半年开始,大家都在追逐各种积分空投。
真的没人觉得奇怪吗?一个赛道从爆热变冷淡,往往不是赛道本身有问题,而是玩法走偏了
最近在研究 Lair Finance 的新动作。他们在 Berachain 上搞了个挺有意思的实验 - 跟 Infrared 合作推 LrBGT。表面上看是又一个 LRT,但细节里藏着不少门道
首先,为什么选 Berachain?因为它的 PoL 机制本身就是个创新。用流动性来保护网络,这思路就很超前。而 Infrared 已经拿下了 95% 的 LST 市场份额,这基本盘不得了
Lair 在这基础上加了层 LRT 框架,把 iBGT 包装成 LrBGT。但关键不在包装,在于他们设计了完整的收益闭环:基础质押收益 + PoL 生态奖励 + 未来可能的协议空投
更重要的是:这些收益都是实打实的,不是画大饼。光看他们在 Kaia 的表现就知道 - 占了 66% 的质押量,还跟 LINE 生态对接了 360 万实名用户。这说明他们的模式是真能跑得通的
现在的问题不是 LRT 不行,而是大多数项目都停在了"质押换积分"这个层面。Lair 走了条不同的路 - 与其画饼,不如先把真实收益做起来,再谈生态扩张
从 Kaia 到 Berachain,从连接 Web2 用户到对接 DeFi 生态,Lair 其实是在尝试把 LRT 变成真正的跨链基础设施。这可能才是 LRT 的正确打开方式
这么说吧,如果说第一波 LRT 是为了割韭菜,那现在开始的可能是真正的基建时代…
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