{"id":2367,"date":"2025-11-28T19:41:44","date_gmt":"2025-11-28T11:41:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=2367"},"modified":"2025-11-28T19:41:44","modified_gmt":"2025-11-28T11:41:44","slug":"%e9%87%8d%e6%96%b0%e5%ae%a1%e8%a7%86-defi%ef%bc%9aweb3-%e5%95%86%e4%b8%9a%e6%a8%a1%e5%bc%8f%e6%9c%80%e6%88%90%e7%86%9f%e8%b5%9b%e9%81%93%e7%9a%84%e7%8e%b0%e5%9c%a8%e5%92%8c%e6%9c%aa%e6%9d%a5","status":"publish","type":"post","link":"http:\/\/www.yixiangtian.com\/?p=2367","title":{"rendered":"\u91cd\u65b0\u5ba1\u89c6 DeFi\uff1aWeb3 \u5546\u4e1a\u6a21\u5f0f\u6700\u6210\u719f\u8d5b\u9053\u7684\u73b0\u5728\u548c\u672a\u6765"},"content":{"rendered":"<h1 class=\"art_tit\">\u91cd\u65b0\u5ba1\u89c6 DeFi\uff1aWeb3 \u5546\u4e1a\u6a21\u5f0f\u6700\u6210\u719f\u8d5b\u9053\u7684\u73b0\u5728\u548c\u672a\u6765<\/h1>\n<div class=\"content_text\">\n<p>\u4e3b\u6301\u4eba\uff1aAlex\uff0cMint Ventures \u7814\u7a76\u5408\u4f19\u4eba<\/p>\n<p>\u5609\u5bbe\uff1a\u6c11\u9053\uff0cdForce \u521b\u59cb\u4eba<\/p>\n<p><em>\u5927\u5bb6\u597d\uff0c\u6b22\u8fce\u6765\u5230\u7531 Mint Ventures \u53d1\u8d77\u7684 WEB3 Mint To Be\u3002\u5728\u8fd9\u91cc\uff0c\u6211\u4eec\u6301\u7eed\u8ffd\u95ee\u548c\u6df1\u5ea6\u601d\u8003\uff0c\u5728 WEB3 \u4e16\u754c\u91cc\u6f84\u6e05\u4e8b\u5b9e\u3001\u63a2\u6e05\u73b0\u5b9e\u3001\u5bfb\u627e\u5171\u8bc6\u3002\u4e3a\u5927\u5bb6\u5398\u6e05\u70ed\u70b9\u80cc\u540e\u7684\u903b\u8f91\uff0c\u63d0\u4f9b\u7a7f\u900f\u4e8b\u4ef6\u672c\u8eab\u7684\u6d1e\u5bdf\uff0c\u5f15\u5165\u591a\u5143\u7684\u601d\u8003\u89d2\u5ea6\u3002<\/em><\/p>\n<p><em>\u672c\u671f\u8282\u76ee\u662f\u300cWeb3 \u8d5b\u9053\u7684\u73b0\u72b6\u548c\u672a\u6765\u300d\u7cfb\u5217\u64ad\u5ba2\u7684\u7b2c\u4e8c\u671f\uff0c\u6211\u4eec\u6765\u804a\u804a Defi \u8fd9\u4e2a Web3\u00a0\u5546\u4e1a\u6a21\u5f0f\u6700\u6210\u719f\u8d5b\u9053\u7684\u73b0\u5728\u548c\u672a\u6765\u3002\u5728\u4e0a\u4e00\u671f\u4e2d\uff0c\u6211\u4eec\u804a\u4e86\u00a0Crypto 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DeFi\uff0c\u79bb\u4e0a\u6b21\u6211\u4eec\u804a\u7684\u65f6\u5019\u4e5f\u8fc7\u4e86\u4e00\u6bb5\u65f6\u95f4\u4e86\uff0c\u6574\u4e2a DeFi \u8d5b\u9053\u7684\u53d8\u5316\u633a\u5927\u7684\uff0c\u6211\u89c9\u5f97\u53ef\u4ee5\u501f\u8fd9\u4e2a\u673a\u4f1a\u7ed9\u5927\u5bb6\u505a\u4e00\u4e2a\u603b\u7ed3\u548c\u4e00\u4e9b\u89c2\u5bdf\u7684\u5206\u4eab\u3002<\/p>\n<h2>\u5bf9 Defi \u7684\u7406\u89e3\u548c\u9610\u91ca<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u597d\u7684\uff0c\u975e\u5e38\u671f\u5f85\u3002\u6211\u4eec\u7684\u8282\u76ee\u542c\u4f17\u91cc\u6709\u5f88\u591a\u8fd8\u6ca1\u6709\u6b63\u5f0f\u8fdb\u5165\u8fd9\u4e2a\u884c\u4e1a\u7684\u670b\u53cb\uff0c\u5bf9 Web3 \u6709\u6240\u5173\u6ce8\u7684\u65b0\u7684\u5c0f\u4f19\u4f34\u4e5f\u662f\u86ee\u591a\u7684\u3002\u6240\u4ee5\u6211\u4eec\u60f3\u804a\u7684\u7b2c\u4e00\u4e2a\u8bdd\u9898\u662f\u5bf9\u90a3\u4e9b\u8fd8\u6ca1\u6709\u6b63\u5f0f\u8fdb\u5165\u8fd9\u4e2a\u884c\u4e1a\u7684\u670b\u53cb\u7684\u3002\u6c11\u9053\u8001\u5e08\u5176\u5b9e\u65e9\u5728\u51e0\u5e74\u524d\u5c31\u5df2\u7ecf\u5f00\u59cb\u4e86\u5728 DeFi \u9886\u57df\u7684\u5b9e\u8df5\uff0c\u5982\u679c\u8bf4\u60a8\u8eab\u8fb9\u73b0\u5728\u6709\u5bf9\u52a0\u5bc6\u6216\u8005\u5bf9 Web3 \u4e0d\u662f\u5f88\u719f\u6089\u7684\u670b\u53cb\uff0c\u4ed6\u4eec\u6765\u95ee\u60a8\u4ec0\u4e48\u662f DeFi\uff0c\u60a8\u4f1a\u600e\u4e48\u7528\u4ed6\u4eec\u4e5f\u80fd\u591f\u7406\u89e3\u7684\u8bed\u8a00\u8fdb\u884c\u4ecb\u7ecd\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5176\u5b9e\u6211\u6bcf\u4e2a\u5468\u671f\u90fd\u4f1a\u9762\u4e34\u8fd9\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u600e\u4e48\u53bb\u89e3\u91ca\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u3001DeFi\u3002\u56e0\u4e3a\u8fd9\u4e2a\u65f6\u95f4\u70b9\u4e0a\uff0c\u6bd4\u7279\u5e01\u521b\u65b0\u9ad8\u4e86\uff0c\u6240\u4ee5\u5f88\u591a\u5165\u5708\u7684\u4eba\u4f1a\u95ee\u6211\u4ec0\u4e48\u662f DeFi\u3002\u6211\u89c9\u5f97\u8fd9\u4e2a\u70b9\u6bd4\u8f83\u597d\u7684\u5730\u65b9\u662f\uff0c\u5f88\u591a\u4eba\u5bf9\u4e8e\u6bd4\u7279\u5e01\u662f\u6709\u6982\u5ff5\u7684\uff0c\u662f\u4e00\u4e2a\u975e\u4e3b\u6743\u8d27\u5e01\uff0c\u6216\u8005\u8bf4\u662f\u7535\u5b50\u9ec4\u91d1\uff0c\u662f\u4e00\u4e2a\u53bb\u4e2d\u5fc3\u5316\u7cfb\u7edf\u3002\u6240\u4ee5\u73b0\u5728\u8fd9\u4e9b\u670b\u53cb\u95ee\u6211\uff0c\u5982\u679c\u4ed6\u4eec\u5bf9\u6bd4\u7279\u5e01\u672c\u8eab\u4e86\u89e3\u7684\u8bdd\uff0c\u6211\u7684\u4e00\u4e2a\u7b80\u5355\u7684\u8bf4\u6cd5\u5c31\u662f\uff1a\u6bd4\u7279\u5e01\u662f\u4e00\u4e2a\u8d27\u5e01\uff0c\u6211\u4eec\u5f53\u6210\u4e00\u4e2a\u53bb\u4e2d\u5fc3\u5316\u8d27\u5e01\uff0c\u90a3 DeFi \u5c31\u662f\u4e00\u4e2a\u5728\u6bd4\u7279\u5e01\u4e0a\u7684\u6269\u5927\u7248\u672c\uff0c\u9664\u4e86\u8d27\u5e01\u4e4b\u5916\u7684\u6240\u6709\u6211\u4eec\u4f20\u7edf\u91d1\u878d\u4e2d\u80fd\u63a5\u89e6\u5230\u7684\u8fd9\u4e9b\u91d1\u878d\u4f53\u7cfb\uff0c\u6bd4\u5982\u8bf4\u4ea4\u6613\u3001\u652f\u4ed8\u3001\u501f\u8d37\u3001\u94f6\u884c\u7c7b\u7684\u670d\u52a1\uff0c\u5176\u5b9e\u90fd\u662f\u5728\u6269\u5927\u7684 DeFi \u9886\u57df\u91cc\u9762\u80fd\u591f\u5b9e\u73b0\u7684\u3002\u4f60\u53ef\u4ee5\u8ba4\u4e3a\u5b83\u662f\u4e00\u4e2a\u6269\u5927\u7248\u7684\u6bd4\u7279\u5e01\uff0c\u5e94\u7528\u7248\u7684\u6bd4\u7279\u5e01\uff0c\u8fd9\u662f\u6211\u73b0\u5728\u5411\u670b\u53cb\u89e3\u91ca\u7684\uff0c\u5f88\u591a\u4ed6\u4eec\u4e5f\u80fd get \u5230\u3002\u5f53\u7136\uff0c\u5982\u679c\u5bf9\u6bd4\u7279\u5e01\u5b8c\u5168\u4e0d\u4e86\u89e3\u7684\u8bdd\uff0c\u90a3\u5c31\u53ef\u80fd\u9700\u8981\u91cd\u65b0\u4ece\u53bb\u4e2d\u5fc3\u5316\u548c\u975e\u8bb8\u53ef\u8fd9\u4e2a\u5c42\u9762\u53bb\u505a\u4ecb\u7ecd\uff0c\u4f46\u6211\u89c9\u5f97\u73b0\u5728\u57fa\u672c\u4e0a\u5927\u90e8\u5206\u4eba\u5982\u679c\u8fd9\u4e48\u6bd4\u55bb\u7684\u8bdd\uff0c\u5f88\u5bb9\u6613\u80fd get \u5230 DeFi \u672c\u8eab\u7684\u4e00\u4e9b\u7cbe\u9ad3\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u662f\u7684\uff0c\u90a3\u4ed6\u4eec\u5f80\u5f80\u5c31\u4f1a\u8ffd\u52a0\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u8bf4\u6bd4\u7279\u5e01\u53ef\u4ee5\u7406\u89e3\uff0c\u5b83\u662f\u4e00\u4e2a\u7535\u5b50\u9ec4\u91d1\uff0c\u662f\u4e00\u4e2a\u975e\u4e3b\u6743\u8d44\u4ea7\uff0c\u4f46\u6211\u4eec\u73b0\u5728\u7684\u4f20\u7edf\u91d1\u878d\u670d\u52a1\u5927\u90e8\u5206\u597d\u50cf\u90fd\u86ee\u4fbf\u5229\u7684\uff0cDeFi \u63d0\u4f9b\u7684\u989d\u5916\u4ef7\u503c\u662f\u4ec0\u4e48\uff1f\u5982\u679c\u4ed6\u4eec\u8fd9\u4e48\u95ee\u7684\u8bdd\uff0c\u4f60\u89c9\u5f97\u53ef\u4ee5\u600e\u4e48\u53bb\u603b\u7ed3\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u56e0\u4e3a\u6211\u672c\u8eab\u662f\u4ece\u4f20\u7edf\u91d1\u878d\u51fa\u6765\u7684\uff0c\u6211\u89c9\u5f97\u505a\u4f20\u7edf\u91d1\u878d\u7684\u4eba\u5176\u5b9e\u4e5f\u77e5\u9053\uff0c\u73b0\u5728\u4f20\u7edf\u91d1\u878d\u7684\u76d1\u7ba1\u662f\u5b8c\u5168\u8fc7\u5ea6\u76d1\u7ba1\u4e86\uff0c\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u73b0\u5728\u5f00\u4e2a\u94f6\u884c\u8d26\u53f7\u7279\u522b\u96be\u3002\u7f8e\u56fd\u73b0\u5728\u5927\u91cf\u8fa9\u8bba\u8bf4\u5f88\u591a\u79d1\u6280\u7c7b\u7684\u4f01\u4e1a\uff0c\u7279\u522b\u662f\u5e01\u5708\u7684\u4e00\u4e9b\u4f01\u4e1a\u5bb6\uff0c\u88ab\u6240\u8c13\u7684 debank\uff08\u53d6\u6d88\u94f6\u884c\u670d\u52a1\uff09\u4e86\uff0c\u5b8c\u5168\u6ca1\u6709\u94f6\u884c\u670d\u52a1\u3002\u6211\u89c9\u5f97\u5982\u679c\u771f\u7684\u8ddf 10 \u5e74\u524d\u300115 \u5e74\u524d\u6bd4\u8f83\uff0c\u53cd\u800c\u4f20\u7edf\u91d1\u878d\u670d\u52a1\u662f\u8d8a\u6765\u8d8a\u96be\u7528\u4e86\uff0c\u95e8\u69db\u8d8a\u6765\u8d8a\u9ad8\uff0c\u963b\u529b\u8d8a\u6765\u8d8a\u5927\u3002\u6240\u4ee5\u6211\u89c9\u5f97 DeFi \u63d0\u4f9b\u7684\u8ddf\u6211\u4eec\u8bf4\u4f20\u7edf\u91d1\u878d TradeFi \u6700\u5927\u7684\u4e00\u4e2a\u533a\u522b\u5728\u4e8e\uff0c\u672c\u8d28\u4e0a\u6211\u89c9\u5f97 DeFi \u662f\u56de\u5f52\u5230\u91d1\u878d\u7684\u6700\u672c\u8d28\uff0c\u5c31\u662f\u4e00\u4e2a\u4fe1\u606f\u7f51\u7edc\u3002\u6211\u4eec\u4f20\u7edf\u91d1\u878d\u662f\u628a\u8fd9\u4e2a\u4fe1\u606f\u7f51\u7edc\u5b8c\u5168\u5272\u88c2\u5316\u4e86\uff0c\u5404\u79cd\u56fd\u5bb6\u4e0d\u540c\u7684\u76d1\u7ba1\uff0c\u94f6\u884c\u672c\u8eab\u7684\u76d1\u7ba1\uff0c\u653f\u7b56\u7684\u5dee\u522b\uff0c\u5bfc\u81f4\u4e86\u4fe1\u606f\u4f20\u9012\u5176\u5b9e\u662f\u88ab\u5b8c\u5168\u5272\u88c2\u7684\uff0c\u800c\u4e14\u963b\u529b\u7279\u522b\u5927\u3002\u800c DeFi \u662f\u628a\u5b83\u8fd8\u539f\u4e86\uff0c\u91d1\u878d\u5c31\u662f\u4fe1\u606f\u3002\u6240\u4ee5\u4f60\u65e0\u8bba\u505a\u4ea4\u6613\uff0c\u8fd8\u662f\u53d1\u8d44\u4ea7\u3001\u505a\u501f\u8d37\uff0c\u5c31\u662f\u56de\u5f52\u5230\u4fe1\u606f\u548c\u4fe1\u606f\u4e4b\u95f4\u4f20\u9012\uff0c\u6ca1\u6709\u4efb\u4f55\u7684\u963b\u788d\uff0c\u6240\u8c13\u7684\u975e\u8bb8\u53ef\u3002\u8fd9\u4e5f\u662f\u6211\u89c9\u5f97 DeFi \u91cc\u9762\u5bf9\u4f20\u7edf\u91d1\u878d\u6700\u5927\u7684\u4e00\u4e2a\u63d0\u5347\u3002\u4f60\u7684\u4fe1\u606f\u53ea\u8981\u80fd\u591f\u56de\u5230\u4e00\u4e2a\u6240\u8c13\u7684\u50cf\u5149\u901f\u8fd9\u79cd\u4f20\u9012\uff0c\u6ca1\u6709\u4efb\u4f55\u963b\u788d\u7684\u4f20\u9012\u7684\u65f6\u5019\uff0c\u8d44\u672c\u6548\u7387\u662f\u6bd4\u4f20\u7edf\u91d1\u878d\u8981\u9ad8\u6210\u5343\u4e0a\u4e07\u500d\u7684\u3002\u800c\u4e14\u6211\u4eec\u73b0\u5728\u770b\u5230\u5b9e\u9645\u4e0a\u4e5f\u662f\u8fd9\u6837\uff0c\u5c31\u662f DeFi \u5e94\u7528\u91cc\u9762\uff0c\u4f60\u8981\u8ddf\u4f20\u7edf\u91d1\u878d\u6bd4\uff0c\u6bd4\u5982\u8bf4\u501f\u8d37\u8ddf\u94f6\u884c\u6bd4\uff0c\u4ea4\u6613\u548c\u4ea4\u6613\u6240\u6bd4\uff0c\u7f8e\u56fd\u7684\u80a1\u7968\u4ea4\u6613\u6240\u8fd8\u6709\u5047\u671f\uff0c\u5468\u672b\u8fd8\u5f00\u4e0d\u4e86\uff0c\u5404\u4e2a\u56fd\u5bb6\u4e4b\u95f4\u8981\u5f00\u6237\uff0c\u8981\u8bb8\u53ef\uff0c\u4f5c\u4e3a\u4e00\u4e2a\u666e\u901a\u4eba\u6ca1\u6cd5\u540c\u65f6\u4ea4\u6613\u7f8e\u80a1\u548c\u56fd\u5185\u7684\u80a1\u7968\u3001\u4fc4\u7f57\u65af\u80a1\u7968\u3002\u4f46 DeFi \u91cc\u9762\u56fd\u754c\u4e0d\u5b58\u5728\u4e86\u3002\u6240\u4ee5\u5176\u5b9e\u6211\u89c9\u5f97 DeFi \u662f\u628a\u91d1\u878d\u8fd8\u539f\u5230\u4e00\u4e2a\u4fe1\u606f\u8bba\u7684\u89d2\u5ea6\uff0c\u5b83\u5c31\u662f\u4e2a\u4fe1\u606f\u3002\u6240\u4ee5 DeFi \u662f\u8ba9\u4fe1\u606f\u6700\u9ad8\u6548\u5730\u4f20\u9012\uff0c\u4ee5\u5149\u901f\u4f20\u9012\u3002\u4f46\u4f20\u7edf\u91d1\u878d\u91cc\u9762\u4f60\u53d1\u73b0\u4fe1\u606f\u4e0d\u662f\u5149\u901f\uff0c\u751a\u81f3\u6211\u89c9\u5f97\u8fde\u58f0\u97f3\u7684\u901f\u5ea6\u90fd\u5230\u4e0d\u4e86\uff0c\u56e0\u4e3a\u5b83\u6bcf\u4e2a\u5730\u65b9\u90fd\u6709\u5173\u5361\u5361\u7740\uff0c\u6709\u56fd\u754c\u7684\u5173\u5361\u3001\u6709\u76d1\u7ba1\u7684\u5173\u5361\u3001\u94f6\u884c\u548c\u94f6\u884c\u4e4b\u95f4\u7684\u5173\u5361\u3002\u6240\u4ee5\u4ece\u6548\u7387\u4e0a\u8bb2\uff0c\u5176\u5b9e\u56de\u5230\u4e00\u4e2a\u6700\u672c\u6e90\u7684\u539f\u7406\uff0cDeFi \u4e00\u5b9a\u662f\u6bd4\u4f20\u7edf\u91d1\u878d\u8981\u9ad8\u975e\u5e38\u591a\u500d\u7684\u3002<\/p>\n<h2>\u5bf9 Defi \u8d5b\u9053\u73b0\u72b6\u7684\u770b\u6cd5<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u4e86\u89e3\uff0c\u6211\u4eec\u6765\u804a\u4e00\u4e0b\u66f4\u6df1\u5165\u7684\u4e00\u4e2a\u8bdd\u9898\u3002\u5176\u5b9e DeFi \u5230\u4eca\u5929\u4e3a\u6b62\uff0c\u6211\u4eec\u53ef\u4ee5\u8ba4\u4e3a\u5b83\u5df2\u7ecf\u53d1\u5c55\u4e86\u8d85\u8fc7\u4e24\u8f6e\u5468\u671f\u4e86\u3002\u771f\u6b63\u4e00\u8f6e\u5e94\u7528\u767e\u82b1\u9f50\u653e\u7684\u5176\u5b9e\u662f\u4e0a\u4e00\u8f6e\uff0c\u4e5f\u5c31\u662f 20 \u5e74\u300121 \u5e74\u8fd9\u4e00\u8f6e\uff0c\u6211\u4eec\u79f0\u4e4b\u4e3a DeFi \u5143\u5e74\uff0c\u6216\u8005\u8bf4\u53eb DeFi Summer\uff0c\u6709\u5927\u91cf\u7684\u65b0\u9879\u76ee\u51fa\u73b0\uff0c\u4f46\u5176\u5b9e\u5b83\u4eec\u5b58\u6d3b\u5230\u81f3\u4eca\u7684\u975e\u5e38\u5c11\u3002\u800c\u4e14\u8fd9\u4e00\u8f6e\u4ece\u76ee\u524d\u6570\u91cf\u6765\u770b\u7684\u8bdd\uff0c\u521b\u65b0\u7684\u65b0\u9879\u76ee\u662f\u8fdc\u5c11\u4e8e\u4e0a\u4e00\u8f6e\u7684\u3002\u6c11\u9053\u8001\u5e08\u60a8\u4f1a\u600e\u4e48\u8bc4\u4ef7 DeFi \u8d5b\u9053\u76ee\u524d\u7684\u4e00\u4e2a\u6574\u4f53\u72b6\u6001\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5176\u5b9e\u6211\u89c9\u5f97\u6574\u4e2a DeFi \u8d5b\u9053\u4e5f\u8ddf\u79d1\u6280\u9886\u57df\uff0c\u7279\u522b\u662f\u91d1\u878d\u9886\u57df\u7684\u521b\u65b0\u7279\u522b\u50cf\uff0c\u4e00\u5f00\u59cb\u767e\u82b1\u9f50\u653e\uff0c\u5404\u79cd\u5404\u6837\u7684\u53d9\u4e8b\u51fa\u6765\u3002\u56e0\u4e3a\u5927\u5bb6\u8fd8\u6ca1\u6709\u5bf9\u8fd9\u4e2a\u53d9\u4e8b\u672c\u8eab\u6709\u8ba4\u77e5\uff0c\u6240\u4ee5\u5728 DeFi Summer \u7684\u65f6\u5019\uff0c\u6bcf\u4e00\u5929\u771f\u7684\u90fd\u6709\u65b0\u7684\u91d1\u878d\u7684\u73a9\u6cd5\u51fa\u6765\u3002\u4f46\u662f\u4f60\u53d1\u73b0\u6700\u540e\u5230\u4e86\u5145\u5206\u7684\u7ade\u4e89\u4e4b\u540e\uff0c\u5c31\u4f1a\u6c89\u6dc0\u4e0b\u6765\u51e0\u4e2a\u8d5b\u9053\uff0c\u5c31\u662f\u6211\u4eec\u8bf4\u88ab\u9a8c\u8bc1\u7684\u8d5b\u9053\u3002\u5176\u5b9e\u4ece\u8fd9\u4e24\u4e2a\u5468\u671f\u770b\u4e0b\u6765\uff0c\u6211\u89c9\u5f97\u5927\u7684 DeFi \u7684\u57fa\u7840\uff0c\u6211\u4eec\u8bf4\u539f\u8bed primitive\uff0c\u6ca1\u6709\u8d85\u8d8a 19 \u5e74\u90a3\u4e2a\u65f6\u5019\u300219 \u5e74\u6211\u4eec\u90a3\u65f6\u5019\u521a\u597d\u662f\u7b2c\u4e00\u6ce2\u505a DeFi\u3002\u4f60\u53ef\u4ee5\u60f3\u8c61 19 \u5e74\u6709 Uniswap\u3001MakerDAO\uff0c\u8fd8\u6709\u5c31\u662f Compound\u3002Compound \u7b2c\u4e00\u4e2a\u505a\u6c60\u5b50\u501f\u8d37\u7684\uff0cAave \u5f53\u65f6\u8fd8\u662f\u53e6\u5916\u4e00\u4e2a\u540d\u5b57 Etherlend\uff0c\u662f\u505a P2P \u501f\u8d37\u7684\uff0c\u5b83\u90a3\u4e2a\u8def\u5b50\u662f\u9519\u7684\uff0c\u540e\u6765\u5b83\u6284\u4e86 Compound \u7684\u505a\u6cd5\uff0c\u7136\u540e\u8d77\u6765\u4e86\u3002\u6240\u4ee5\u90a3\u4e2a\u65f6\u5019\u6574\u4e2a DeFi \u7684\u539f\u8bed\u5c31\u90a3\u4e09\u4e2a\uff1a\u7a33\u5b9a\u5e01\uff0cAMM \u548c\u501f\u8d37\u3002\u6211\u4eec\u56de\u5230\u73b0\u5728\u6765\u770b\uff0c\u6574\u4e2a DeFi \u7684\u57fa\u7840\u8fd8\u662f\u8fd9\u4e09\u4e2a\u6ca1\u6709\u53d8\uff0c\u4e0a\u9762\u518d\u6709\u4e00\u4e9b\u53d8\u79cd\uff0c\u6bd4\u5982\u505a\u4e00\u4e9b order book\uff0c\u8fd8\u6709\u4e00\u4e9b\u5305\u62ec concentrated liquidity\uff0c\u7136\u540e AMM \u505a\u4e00\u4e9b\u6539\u8fdb\u3002\u501f\u8d37\u50cf\u9664\u4e86\u73b0\u5728\u6c60\u5b50\u501f\u8d37\u4e4b\u5916\uff0c\u8fd8\u6709\u8fd9\u79cd\u9694\u79bb\u6c60\u7684\u501f\u8d37\uff0c\u4f46\u672c\u8d28\u4e0a\u6211\u89c9\u5f97\u662f\u6ca1\u6709\u8131\u79bb\u8fd9\u4e09\u4e2a\u65b9\u5f0f\u3002\u6240\u4ee5\u6574\u4e2a\u73b0\u5728\u8d5b\u9053\u7684\u60c5\u51b5\u662f\uff0c\u6211\u89c9\u5f97\u4ece\u4e24\u4e2a\u5468\u671f\u6765\u770b\uff0c\u73b0\u5728\u6709\u4e24\u4e2a\u7279\u522b\u6709\u610f\u601d\u7684\u53d8\u5316\u3002\u4e00\u4e2a\u53d8\u5316\u662f DeFi \u5df2\u7ecf\u662f\u88ab\u5927\u91cf\u5730\u5546\u54c1\u5316\u4e86\uff0c\u6bcf\u4e00\u4e2a\u65b0\u7684\u94fe\uff0c\u6bcf\u4e2a Layer2 \u51fa\u6765\uff0c\u90fd\u662f\u90a3\u4e09\u5927\u4ef6\uff1a\u7a33\u5b9a\u5e01\u3001\u501f\u8d37\u3001AMM \u7684 swap\u3002\u8fd9\u4e09\u5927\u4ef6\uff0c\u6bcf\u4e2a\u94fe\u90fd\u662f\uff0c\u5927\u91cf\u88ab\u5546\u54c1\u5316\uff0c\u5f53\u7136\u8fd9\u91cc\u9762\u5927\u91cf\u90fd\u662f\u6284\u73b0\u5728\u5e02\u573a\u5df2\u7ecf\u6709\u7684\u8fd9\u4e9b\u9879\u76ee\u7684\u4ee3\u7801\uff0c\u56e0\u4e3a\u5b83\u672c\u8eab\u5c31\u662f\u5f00\u6e90\u7684\uff0cUniswap\u3001Aave \u90fd\u7528\u8fd9\u4e9b\u4ee3\u7801\u3002\u4f46\u662f\u540c\u65f6\u53e6\u5916\u4e00\u4e2a\u5f88\u6709\u610f\u601d\u7684\u73b0\u8c61\u662f\uff0c\u88ab\u5927\u91cf\u5546\u54c1\u5316\u7684\u540c\u65f6\uff0c\u96c6\u4e2d\u5ea6\u4e5f\u5728\u63d0\u9ad8\u3002\u6bd4\u5982\u8bf4 Uniswap \u7684\u73b0\u8d27\u4ea4\u6613\u5360\u6709\u91cf\uff0cAave \u5728\u501f\u8d37\u9886\u57df\u7684\u5360\u6709\u91cf\uff0c\u8fd9\u4e9b\u96c6\u4e2d\u5ea6\u662f\u5728\u5f80\u4e0a\u8d70\u7684\u3002\u6240\u4ee5\u8fd9\u91cc\u9762\u5176\u5b9e\u4e5f\u53cd\u6620\u51fa\u5728 DeFi \u8d5b\u9053\u91cc\u9762\uff0c\u6211\u89c9\u5f97\u5546\u54c1\u5316\u548c\u96c6\u4e2d\u5ea6\u63d0\u9ad8\u8fd9\u4e24\u4e2a\u4e8b\u60c5\u662f\u540c\u65f6\u53d1\u751f\u7684\u3002\u5176\u5b9e\u8fc7\u53bb\u8fd9\u51e0\u5e74\u8fd8\u662f\u6709\u5f88\u591a\u65b0\u7684 DeFi \u5e94\u7528\u51fa\u6765\u3002\u5f53\u7136\u8fd9\u4e5f\u662f\u57fa\u4e8e\u5927\u5bb6\u5bf9 DeFi \u7684\u8ba4\u77e5\u7684\u6539\u53d8\u3002\u4ece\u4f20\u7edf\u7684\u90a3\u79cd\u6240\u8c13\u4ee5\u53bb\u4e2d\u5fc3\u5316\u4e3a\u6838\u5fc3\u7684 DeFi\uff0c\u5230\u73b0\u5728 De-CeFi \u7ed3\u5408\u7684\u5e94\u7528\u7279\u522b\u591a\u3002\u6240\u4ee5\u6211\u4e0d\u662f\u8bf4\u6ca1\u6709\u521b\u65b0\uff0c\u5176\u5b9e\u8d5b\u9053\u5728\u57fa\u7840\u539f\u8bed\u5c42\u9762\u5df2\u7ecf\u9ad8\u5ea6\u6807\u51c6\u5316\u4e86\uff0c\u5c31\u90a3\u4e09\u5927\u4ef6\uff0c\u4e14\u8fd9\u4e09\u5927\u4ef6\u4e5f\u662f\u88ab\u975e\u5e38\u5927\u91cf\u5546\u54c1\u5316\uff0c\u540c\u65f6\u96c6\u4e2d\u5ea6\u5728\u63d0\u9ad8\u3002\u4f46\u53e6\u5916\u5728\u7ec6\u5206\u5c42\u9762\uff0c\u4e5f\u51fa\u73b0\u4e86\u4e00\u4e9b\u65b0\u7684 DeFi \u5e94\u7528\u548c\u8d5b\u9053\u3002\u6211\u89c9\u5f97\u8fd9\u662f\u968f\u7740\u57fa\u7840\u8bbe\u65bd\u8d77\u6765\u4e4b\u540e\u51fa\u73b0\u7684\u4e00\u4e2a\u5f88\u6709\u610f\u601d\u7684\u73b0\u8c61\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u5bf9\uff0c\u521a\u521a\u60a8\u63d0\u5230\u4e86\u4e09\u5927\u4ef6\uff1a\u7a33\u5b9a\u5e01\u3001\u501f\u8d37\u3001AMM \u7684 swap\u3002\u7136\u540e\u50cf\u884d\u751f\u54c1\u5176\u5b9e\u4ece\u4e0a\u4e00\u8f6e\u5f00\u59cb\u5230\u73b0\u5728\uff0c\u4e00\u76f4\u5728\u505a\u7684\u4ea7\u54c1\u4e5f\u633a\u591a\u7684\u3002\u60a8\u600e\u4e48\u770b\u884d\u751f\u54c1\u8fd9\u4e2a\u7c7b\u522b\uff0c\u5b83\u9002\u5408\u53bb\u7528 DeFi \u7684\u65b9\u5f0f\u505a\u5417\uff1f\u662f\u5426\u770b\u597d\u5b83\u7684\u540e\u7eed\u53d1\u5c55\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u8fd9\u4e2a\u70b9\u53ef\u80fd\u662f\u5173\u4e4e\u53e6\u5916\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u8bf4\u6574\u4e2a DeFi \u7684\u8d5b\u9053\u6f14\u8fdb\u7684\u5e95\u5c42\u903b\u8f91\u662f\u4ec0\u4e48\u3002\u6211\u4e00\u76f4\u5728\u4e4b\u524d\u7684\u5206\u4eab\u4e2d\u63d0\u5230\u4e00\u4e2a\u6240\u8c13 DeFi \u7684\u7b2c\u4e00\u6027\u539f\u7406\u3002\u7b2c\u4e00\u6027\u539f\u7406\u662f\u4ec0\u4e48\uff1f\u9996\u5148\u5b83\u4e00\u5b9a\u662f\u5728\u963b\u529b\u6700\u5927\u7684\u5730\u65b9\uff0c\u5148\u4f1a\u6709\u5e94\u7528\u51fa\u6765\u3002\u6bd4\u5982\u8bf4\u4ee5\u524d\u4ee5\u592a\u574a Layer1\uff0c\u4f60\u53ef\u4ee5\u8ba4\u4e3a\u5b83\u7684\u4ecb\u8d28\u7684\u4e3b\u529b\u662f\u5f88\u5927\u7684\uff0c\u54ea\u6015\u5149\u901f\u4f20\u9012\u5230\u4ee5\u592a\u574a\u4e0a\u9762\u53bb\uff0c\u56e0\u4e3a\u5b83\u7684 gas \u8d39\u7528\uff0c\u5b83\u7684\u541e\u5410\u91cf\u5f88\u5c0f\uff0c\u6240\u4ee5\u5728\u4ee5\u592a\u574a\u7684\u4e3b\u7f51\u4e0a\u80fd\u53d1\u751f\u7684 DeFi \u662f\u6709\u9650\u7684\uff0c\u5c31\u662f\u6211\u4eec\u8bb2\u5230\u7684\u524d\u9762\u51e0\u79cd\u3002\u6bd4\u5982\u8bf4\u4e3a\u4ec0\u4e48 Aave \u4e4b\u524d\u505a P2P lending \u505a\u4e0d\u6210\uff0c\u4e3a\u4ec0\u4e48\u641e\u6c60\u5b50\u6a21\u5f0f\u641e\u6210\u4e86\uff1f\u5c31\u56e0\u4e3a P2P lending \u8fd9\u79cd\u9ad8 gas\u3001\u4f4e\u541e\u5410\u91cf\u7684\u4e3b\u94fe\u4e0a\u6839\u672c\u73a9\u4e0d\u52a8\uff0c\u5b83\u7684\u6548\u7387\u592a\u4f4e\u4e86\uff0c\u4e2a\u4eba\u53bb\u5339\u914d\u6548\u7387\u592a\u4f4e\u3002\u540c\u6837\u7684\uff0c\u4e3a\u4ec0\u4e48 order book \u5728\u4ee5\u592a\u574a\u4e3b\u7f51\u4e0d\u6210\u7acb\uff1f\u90a3\u4e2a\u65f6\u5019 dYdX \u5728\u4e3b\u7f51\u4e0a\u505a\u8fc7 order book\uff0c\u540e\u6765\u64a4\u4e86\uff0c\u5230 StarkNet \u53bb\u505a\uff0c\u73b0\u5728\u641e\u4e00\u4e2a appchain \u53bb\u505a\u3002\u4f60\u53d1\u73b0\u5728\u4ee5\u592a\u574a\u4e3b\u7f51 order book \u4e5f\u8dd1\u4e0d\u901a\uff0cAMM \u6210\u7acb\u7684\u3002\u5176\u5b9e\u6240\u6709\u7684 DeFi \u5e94\u7528\u7684\u6210\u7acb\uff0c\u6211\u89c9\u5f97\u5b83\u9075\u5faa\u4e00\u4e2a\u539f\u7406\uff1a\u5c31\u662f\u4ece\u4f4e\u9891\u7c7b\u7684\u5e94\u7528\uff0c\u6bd4\u5982\u501f\u8d37\uff0c\u6bd4\u5982\u8bf4 AMM\uff0c\u5176\u5b9e\u5b83\u7684\u9891\u7387\u6ca1\u6709\u90a3\u4e48\u9ad8\uff0c\u8fd8\u6709\u7a33\u5b9a\u5e01\u4e5f\u662f\u5927\u989d\u7684\u4f4e\u9891\u7684\u4ea4\u6613\uff0c\u5230\u540e\u9762\u8d8a\u6765\u8d8a\u8d70\u5411\u6027\u80fd\u8d8a\u597d\u7684 layer2 \u6216\u8005\u662f\u65b0\u7684 layer1 \u51fa\u6765\u4e4b\u540e\uff0c\u4f60\u53d1\u73b0\u4e2d\u9891\u7684\u3001\u9ad8\u9891\u7684\u5e94\u7528\u5f00\u59cb\u9a6c\u4e0a\u51fa\u73b0\u4e86\u3002\u7136\u540e\u6211\u4eec\u521a\u521a\u8bb2\u7684 perpetual \u8fd9\u5757\uff0c\u6240\u8c13\u7684\u6c38\u7eed\u8fd9\u5757\uff0c\u4e3a\u4ec0\u4e48\u662f\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u73b0\u5728\u505a\uff0c\u800c\u4e0d\u662f\u8bf4\u5728\u4e4b\u524d\u7684\u4ee5\u592a\u574a\u4e3b\u7f51\u505a\uff1f\u56e0\u4e3a\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u5c31\u662f\u4e00\u4e2a\u53ef\u4ee5\u51fa\u6765\u6700\u9ad8\u9891\u7684\u5e94\u7528\u7684\u5730\u65b9\uff0cperpetual \u5c31\u662f\u5728\u8fd9\u79cd\u73af\u5883\u4e0b\u624d\u80fd\u4ea7\u751f\u3002\u4f46\u662f\u6211\u4eec\u770b\u5230\u8fd9\u4e2a\u65f6\u5019\u5f00\u59cb\u6bd4\u8f83\u6709\u610f\u601d\u7684\u662f\uff0c\u65b0\u7684\u9ad8\u6027\u80fd\u7684 layer1 \u548c\u9ad8\u6027\u80fd\u7684 layer2\uff0c\u4ee5\u53ca appchain \u540c\u65f6\u8fd9\u4e09\u4e2a\u8d5b\u9053\u51fa\u73b0\uff0c\u6211\u4eec\u8bf4\u7684 perpetual trading\uff0c\u800c\u4e14\u91cf\u7ea7\u5f88\u5927\u3002\u6bd4\u5982\u8bf4\u5728 Base\u3001Synthetix Futures\uff0c\u8fd8\u6709 Arbitrum \u50cf GMX\uff0c\u7136\u540e\u5230\u73b0\u5728\u6700\u8fd1\u7279\u522b\u706b\u7684 Hyperliquid\uff0c\u5b83\u8ddf dYdX \u4e00\u6837\u505a Cosmos SDK\uff0c\u4f60\u53d1\u73b0\u5176\u5b9e\u6240\u8c13\u7684 perpetual \u5e94\u7528\u5c5e\u4e8e\u9ad8\u9891\u7684\u5e94\u7528\uff0c\u5b83\u4e00\u5b9a\u5f97\u6709\u4e00\u4e2a\u9ad8\u9891\u7684\u57fa\u7840\u8bbe\u65bd\u652f\u6301\u5b83\u3002\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u8fd9\u4e2a\u5468\u671f\u6211\u4eec\u770b\u5230\u5f88\u591a perpetual \u51fa\u6765\u3002\u6211\u89c9\u5f97\u8fd9\u4e2a\u5468\u671f\u7684 perpetual \u672a\u5fc5\u662f\u80fd\u591f\u8ddf\u5e01\u5b89\u6216\u8005 OKX \u8fd9\u79cd\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240 PK \u7684\uff0c\u56e0\u4e3a\u5b83\u8fd8\u662f\u6709\u5f88\u591a\u6027\u80fd\u7684\u95ee\u9898\u3002\u4f46\u662f\u6211\u89c9\u5f97\u968f\u7740 layer1\uff0c\u5305\u62ec\u50cf Hyperliquid \u90a3\u6837\uff0c\u4f60\u53ef\u4ee5\u8ba4\u4e3a\u662f\u4e00\u4e2a\u975e\u5e38\u63a5\u8fd1\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4f53\u9a8c\u7684\u4e00\u4e2a appchain\u3002\u968f\u7740\u8fd9\u79cd\u5e94\u7528\u94fe\u7684\u51fa\u73b0\uff0c\u6211\u89c9\u5f97\u5c06\u6765\u5728 perpetual \u8fd9\u5757\u662f\u5b8c\u5168\u6709\u53ef\u80fd\u51fa\u6765\u8ddf\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u53bb\u7ade\u4e89\u7684\u3002\u5f53\u7136\u8fd9\u91cc\u9762\uff0c\u4f60\u5b8c\u5168\u4e0d\u53ef\u80fd\u662f\u4e00\u6bd4\u4e00\u7684\u6bd4\u8f83\uff0c\u4e5f\u4e0d\u9700\u8981\u3002\u56e0\u4e3a\u6bd5\u7adf\u4e00\u4e2a\u662f\u4ee5 DeFi \u6216\u8005\u975e\u8bb8\u53ef\u7684\u6a21\u5f0f\u5b58\u5728\u7684\uff0c\u53e6\u4e00\u4e2a\u8fd8\u6709 KYC\uff0c\u8fd8\u6709\u5176\u4ed6\u4e1c\u897f\uff0c\u66f4\u50cf\u4e00\u4e2a\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u6a21\u5f0f\u3002\u4f46\u662f\u5728\u6027\u80fd\u6bd4\u8f83\u4e0a\u8bb2\uff0c\u6211\u89c9\u5f97\u53ef\u80fd\u4f1a\u65e0\u9650\u63a5\u8fd1\u4e8e\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4f53\u9a8c\u3002<\/p>\n<h2>Defi \u7684\u6f5c\u529b\u7a7a\u95f4\u4e0e\u6f14\u8fdb\u65b9\u5f0f<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u521a\u521a\u5176\u5b9e\u60a8\u4e5f\u8bf4\u4e86\uff0c\u4ece 19 \u5e74\u5230\u73b0\u5728\uff0cDeFi \u7684\u4e09\u5927\u4ef6\u6216\u8005\u8bf4\u662f\u6700\u88ab\u5e02\u573a\u6240\u9a8c\u8bc1\u7684\u5e94\u7528\u7c7b\u578b\u5e76\u6ca1\u6709\u592a\u5927\u53d8\u5316\u3002\u6240\u4ee5\u5f88\u591a\u4eba\u8bf4 DeFi \u7684\u57fa\u7840\u521b\u65b0\u5176\u5b9e\u5df2\u7ecf\u5b8c\u6210\u4e86\uff0c\u8ba4\u4e3a\u672a\u6765\u53ef\u80fd\u4e0d\u4f1a\u6709\u592a\u591a\u60ca\u559c\u4e86\u3002\u8fd9\u4e00\u8f6e\u4f3c\u4e4e\u6211\u4eec\u4e5f\u6ca1\u6709\u770b\u5230\u50cf\u4e0a\u4e00\u8f6e\u8fd9\u6837\u8ba9\u4eba\u773c\u524d\u4e00\u4eae\u7684\u4ea7\u54c1\u3002\u4f46\u662f\u8fd8\u662f\u6709\u4eba\u8ba4\u4e3a\u8bf4 DeFi \u7684\u6f5c\u529b\u662f\u8fdc\u8fdc\u6ca1\u6709\u91ca\u653e\u7684\u3002\u5bf9\u8fd9\u4e2a\u89c2\u70b9\uff0c\u60a8\u7684\u770b\u6cd5\u662f\u4ec0\u4e48\uff1f\u5982\u679c\u8bf4 DeFi \u672a\u6765\u8fd8\u6709\u5f88\u5927\u7684\u589e\u957f\u7a7a\u95f4\u7684\u8bdd\uff0c\u60a8\u89c9\u5f97\u5b83\u7684\u63a8\u52a8\u56e0\u7d20\u6709\u54ea\u4e9b\uff1f\u53ef\u80fd\u4f1a\u4ee5\u600e\u4e48\u6837\u7684\u65b9\u5f0f\u6f14\u8fdb\u51fa\u6765\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5176\u5b9e\u5728\u57fa\u7840\u5c42\u9762\uff0c\u56e0\u4e3a\u6574\u4e2a DeFi \u90fd\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u67b6\u6784\uff0c\u5b83\u662f block by block\uff0c\u6240\u4ee5\u6211\u4eec\u770b\u5230\u4e3a\u4ec0\u4e48\u57fa\u7840\u8303\u5f0f\u5c42\u9762\u7684\u521b\u65b0\u6ca1\u6709\u592a\u591a\uff0c\u672c\u8d28\u4e0a\u662f\u56e0\u4e3a\u65e0\u8bba\u662f\u4ee5\u592a\u574a\u4e3b\u7f51\u8fd8\u662f layer2\uff0c\u8fd8\u662f Solana\uff0c\u8fd8\u662f\u6309\u7167\u4e00\u4e2a block \u4e00\u4e2a block \u8fd9\u79cd\u6a21\u5f0f\u53bb\u6784\u5efa\u5e95\u5c42\u7684\u57fa\u7840\u8bbe\u65bd\u3002\u4f46\u662f\u6574\u4e2a DeFi\uff0c\u8fd9\u4e2a\u5468\u671f\u548c\u4e0a\u4e24\u4e2a\u5468\u671f\u7684\u53d8\u5316\u5728\u4e8e\uff0c\u5927\u5bb6\u5bf9 DeFi \u7684\u7406\u89e3\u53d1\u751f\u4e86\u5f88\u591a\u53d8\u5316\u3002\u4ee5\u524d\u7684 DeFi \u5c31\u53eb decentralized finance\uff0c\u4f46\u662f\u6211\u89c9\u5f97\u5230\u73b0\u5728\u5927\u5bb6\u5df2\u7ecf\u5b8c\u5168\u4e0d\u628a decentralized \u8fd9\u4e2a\u4e8b\u60c5\u5f53\u6210\u4e00\u4e2a\u6838\u5fc3\u6784\u4ef6\u4e86\u3002\u66f4\u91cd\u8981\u7684\u662f permissionless\u3002\u8fd9\u4e2a\u5468\u671f\u6211\u81ea\u5df1\u770b\u5230\u8fd8\u7b97\u6bd4\u8f83\u6709\u521b\u65b0\u7684\uff0c\u50cf Pendle\uff0c\u50cf Ethena\u3002Pendle \u662f\u505a\u5229\u7387\u7684\u56fa\u5b9a\u5229\u7387\u548c\u6d6e\u52a8\u5229\u7387\u7684\u4e92\u6362\u7684\u534f\u8bae\uff0c\u4e00\u4e2a\u7c7b\u4f3c\u4e8e\u56fa\u6536\u7684\u534f\u8bae\u3002Ethena \u662f\u7279\u522b\u5178\u578b\u7684\u505a USDE \u7684\u7a33\u5b9a\u5e01\u3002\u5176\u5b9e\u5b83\u505a\u7a33\u5b9a\u5e01\u7684\u7b56\u7565\uff0c\u6211\u4eec\u5728\u8fdb\u5e01\u5708\u7684\u65f6\u5019\uff0c\u6211 14 \u5e74\u5f00\u59cb\u5230\u73b0\u5728\u4e00\u76f4\u5728\u505a\uff0c\u5c31\u662f\u505a\u6240\u8c13\u7684\u57fa\u5dee\u5957\u5229\uff08basis point\uff09\u3002\u5728\u6574\u4e2a\u505a\u4ea4\u6613\u7aef\u7684\u7b56\u7565\uff0c\u4ece\u6709\u6bd4\u7279\u5e01\u5f00\u59cb\uff0c\u5e02\u573a\u90fd\u4e00\u76f4\u5728\u505a\u7684\uff0c\u65e0\u975e\u662f\u73b0\u8d27\u3001\u671f\u8d27\u95f4\u600e\u4e48\u505a\u57fa\u5dee\u5957\u5229\u3002Ethena \u662f\u628a\u8fd9\u4e2a\u4e1c\u897f\u53d8\u6210\u4e00\u4e2a\u4ee3\u5e01\uff0c\u7136\u540e\u628a\u4ee5\u524d\u4ec5\u4ec5\u5904\u4e8e\u4e00\u4e9b trader \u7528\u7684\u8fd9\u79cd\u6240\u8c13\u7684 in-house \u7b56\u7565\u5b8c\u5168\u6c11\u4e3b\u5316\uff0c\u7136\u540e\u8ba9\u5e02\u573a\u53bb\u6355\u6349\u6240\u8c13\u7684\u8fd9\u4e2a\u5e02\u573a\u7684\u6bd4\u7279\u5e01\u6216\u8005\u5176\u4ed6\u8d27\u5e01\u7684\u6ce2\u52a8\u7684\u4e00\u4e2a\u57fa\u7840\u7684\u6536\u76ca\u3002\u4f60\u5982\u679c\u95ee\u8bf4\u6211\u4eec\u4e0a\u51e0\u4e2a\u5468\u671f\u7684\u4eba\uff0c\u6ca1\u6709\u4eba\u4f1a\u89c9\u5f97 Ethena \u662f\u4e2a DeFi \u9879\u76ee\uff0c\u56e0\u4e3a\u5b83\u6574\u4e2a\u57fa\u7840\u67b6\u6784\u662f\u52a0\u5728\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u505a\u5957\u5229\u7684\uff0c\u7136\u540e\u8d44\u4ea7\u867d\u7136\u6709\u6258\u7ba1\uff0c\u4f46\u8fd9\u4e2a\u6258\u7ba1\u672c\u8eab\u5e76\u4e0d\u662f\u5728\u5408\u7ea6\u91cc\u6258\u7ba1\u7684\uff0c\u662f\u901a\u8fc7\u6258\u7ba1\u673a\u6784\u6258\u7ba1\u7684\u3002\u6240\u4ee5\u4ece\u67b6\u6784\u5c42\u9762\u770b\uff0c\u5176\u5b9e\u770b\u4e0d\u5230\u662f DeFi\u3002\u4f46\u662f\u4ece\u5b83\u7684\u4ee3\u5e01\u5316\uff0c\u4ece\u6bcf\u4e2a\u4eba\u90fd\u53ef\u4ee5\u7528\u5b83\u7684\u5e01\u53bb\u94f8\u9020\u5b83\u3001\u53bb swap \u5b83\u5df2\u6709\u7684\u4ee3\u5e01\u8fd9\u4e2a\u5c42\u9762\uff0c\u5b83\u53c8\u662f DeFi \u7684\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u5927\u5bb6\u53ef\u4ee5\u79f0\u4e4b\u4e3a De-CeFI \u6216\u8005 Ce-DeFI \u8fd9\u6837\u7684\u5e94\u7528\u3002\u50cf\u8fd9\u6837\u7684\u5e94\u7528\u5728\u8fd9\u4e2a\u5468\u671f\u7279\u522b\u591a\uff0c\u6bd4\u5982\u8bf4\u6bd4\u7279\u5e01\u751f\u6001\u7684\u4e00\u4e9b\u9879\u76ee\uff0cliquid-staking \u7684\u4e00\u4e9b\u9879\u76ee\uff0c\u6709\u5f88\u591a\u90fd\u662f\u7c7b\u4f3c\u8fd9\u4e2a\u8def\u5b50\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u6211\u4eec\u8fd9\u4e2a\u65f6\u5019\u5176\u5b9e\u628a\u6574\u4e2a DeFi \u7684\u5b9a\u4e49\u505a\u4e86\u5f88\u5927\u7684\u6269\u5927\uff0c\u7136\u540e\u8fd9\u91cc\u9762\u4f60\u53d1\u73b0\u8fc7\u53bb\u8fd9\u4e2a\u5468\u671f\u8d77\u6765\u7684\u6574\u4e2a DeFi \u7684 TVL \u7684\u8d21\u732e\uff0c\u6709\u5927\u91cf\u7684\u8fd9\u79cd\u50cf liquid staking \u7684\uff0c\u50cf\u6211\u521a\u521a\u8bf4\u7684 Ethena \u8fd9\u79cd\u9879\u76ee\uff0c\u8fd8\u6709\u5305\u62ec RWA \u7684\u8fd9\u79cd\u4e0a\u94fe\u7684\u9879\u76ee\uff0c\u5176\u5b9e\u5bf9\u4e8e\u6574\u4e2a DeFi \u590d\u5174\uff0c\u5b83\u7684\u6574\u4e2a TVL \u8d21\u732e\u5360\u6bd4\u975e\u5e38\u5927\u3002\u6240\u4ee5\u6211\u89c9\u5f97 DeFi \u7684\u6f14\u8fdb\u662f\u6574\u4e2a\u6982\u5ff5\u7684\u6f14\u8fdb\uff0c\u4ece\u6211\u4eec\u4ee5\u524d\u6700\u7eaf\u7cb9\u7684\u8fd9\u79cd\u6240\u8c13\u7684\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff0c\u5230\u5f00\u653e\u91d1\u878d\uff0c\u5230\u73b0\u5728\u5b9e\u9645\u4e0a\u662f\u4e00\u4e2a\u6df7\u5408\u4f53\uff0c\u4e2d\u5fc3\u5316\u548c\u53bb\u4e2d\u5fc3\u5316\u6df7\u5408\u5728\u4e00\u8d77\u3002\u6240\u4ee5\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u4e0a\uff0c\u6211\u89c9\u5f97\u540e\u9762\u7ec6\u5206\u7684\u673a\u4f1a\u53ef\u80fd\u4f1a\u4ea7\u751f\u5f88\u591a\u975e\u5e38\u6709\u610f\u601d\u7684\u7ec4\u5408\u3002\u5f53\u7136\u5982\u679c\u4f60\u7eaf\u7cb9\u4ece\u6700\u539f\u59cb\u7684\uff0c\u5728\u539f\u6559\u65e8\u4e3b\u4e49\u7684 DeFi \u5c42\u9762\uff0c\u90a3\u786e\u5b9e\u6ca1\u6709\u592a\u591a\u7684\u9009\u9879\u3002\u56e0\u4e3a\u4ee5\u524d\u7684\u8fd9\u79cd\u6bd4\u5982\u53bb\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u8fd9\u4e2a\u8d5b\u9053\u57fa\u672c\u5c31\u6ca1\u6709\u4eba\u5728\u505a\u4e86\uff0c\u6216\u8005\u8bf4\u50cf\u4ee5\u524d\u7279\u522b degen \u90a3\u79cd Ponzi \u7684\u7a33\u5b9a\u5e01\u8d5b\u9053\u5c31\u57fa\u672c\u4e0a\u6ca1\u6709\u9879\u76ee\u505a\u4e86\u3002\u4e0d\u50cf\u5f53\u5e74 DeFi Summer \u65f6\u5019\u4e00\u5806\u51fa\u6765\uff0c\u6709\u8fd9\u79cd\u94fe\u4e0a\u6cbb\u7406\u7684\u53bb\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u6574\u4e2a\u5b9a\u4e49\u53d8\u5316\u540e\uff0c\u4f60\u53d1\u73b0 DeFi \u8d5b\u9053\u8fd8\u662f\u6d8c\u73b0\u51fa\u6765\u5f88\u591a\u65b0\u7684\u4e00\u4e9b\u5e94\u7528\uff0c\u800c\u4e14 TVL \u589e\u957f\u90fd\u975e\u5e38\u5feb\u3002<\/p>\n<h2>Solana \u4e0a\u7684 Defi \u53d1\u5c55\u7684\u9650\u5236\u56e0\u7d20<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u521a\u521a\u6c11\u9053\u8001\u5e08\u8bb2\u5230\u7b2c\u4e00\u4e2a\u662f DeFi \u7684\u5b9a\u4e49\u53d1\u751f\u53d8\u5316\uff0c\u53e6\u5916\u4e00\u4e2a DeFi \u771f\u6b63\u63d0\u4f9b\u7684\u4ef7\u503c\u4ece\u6240\u8c13\u7684\u53bb\u4e2d\u5fc3\u5316\u53d8\u6210\u4e86\u65e0\u8bb8\u53ef\uff0c\u7136\u540e\u6709\u4fbf\u6377\u6027\uff0c\u4eba\u4eba\u90fd\u53ef\u4ee5\u89e6\u8fbe\u3002\u6211\u4e4b\u524d\u4e00\u76f4\u6709\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u50cf Solana \u5b83\u8fd9\u6761\u94fe\uff0c\u5176\u5b9e\u8ddf\u4ee5\u592a\u574a\u5f88\u5927\u7684\u4e0d\u540c\u5c31\u5728\u4e8e Solana \u7684\u8282\u70b9\u53ef\u80fd\u6bd4\u8f83\u5c11\u3001\u6bd4\u8f83\u96c6\u4e2d\uff0c\u7136\u540e V \u795e\u90a3\u8fb9\u4e00\u76f4\u5728\u5f3a\u8c03\u4ee5\u592a\u574a\u7684\u8282\u70b9\u662f\u5206\u6563\u7684\uff0c\u6709\u66f4\u5f3a\u7684\u6297\u5ba1\u67e5\u6027\u3002\u4f46\u6211\u4eec\u73b0\u5728\u56de\u5230\u7528\u6237\u4f53\u9a8c\u6765\u770b\uff0c\u53bb\u4e2d\u5fc3\u5316\u6ca1\u6709\u90a3\u4e48\u91cd\u8981\uff0c\u5176\u5b9e\u5728\u53ef\u8fbe\u6027\uff0c\u5c31\u662f\u6280\u672f\u53ef\u7528\u6027\u4e0a\u9762\uff0c\u4f53\u9a8c\u6027\u4e0a\u9762\u5176\u5b9e Solana \u662f\u975e\u5e38\u597d\u7684\u3002\u4f46\u662f Solana \u5373\u4fbf\u5230\u8fd9\u4e2a\u5468\u671f\uff0c\u6211\u4eec\u53d1\u73b0\u5b83\u7684 DeFi \u8fdb\u5316\u8ddf\u5b83\u6574\u4e2a\u751f\u6001\u7684\u4e1a\u52a1\u6570\u636e\u5e76\u6ca1\u6709\u975e\u5e38\u5171\u632f\u3002\u6211\u4eec\u770b\u5b83\u7684 DeFi \u7684 TVL \u4e5f\u597d\uff0c\u94fe\u4e0a\u7684\u7a33\u5b9a\u5e01\u4e5f\u597d\uff0cDeFi \u9879\u76ee\u7684\u4e00\u4e9b TVL \u4e5f\u597d\uff0c\u4f3c\u4e4e\u90fd\u6ca1\u6709\u8fdb\u5316\u5f97\u975e\u5e38\u5feb\uff0c\u76f8\u6bd4\u4ee5\u592a\u574a\u7684\u4e1a\u52a1\u6570\u636e\u6765\u770b\u7684\u8bdd\u3002\u5bf9\u4e8e Solana \u8fd9\u6837\u7684\u94fe\uff0c\u4ed6\u4eec\u7684 DeFi \u76f8\u5bf9\u6765\u8bf4\u901f\u5ea6\u8fdb\u5316\u6bd4\u8f83\u6162\uff0c\u60a8\u8ba4\u4e3a\u53ef\u80fd\u7684\u539f\u56e0\u6216\u8005\u9650\u5236\u7684\u56e0\u7d20\u662f\u4ec0\u4e48\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5176\u5b9e\u8fd9\u4e00\u70b9\u4e0a\u6211\u89c9\u5f97\u662f\u56e0\u4e3a\u5927\u5bb6\u53ef\u80fd\u5bf9 DeFi \u6709\u5f88\u5927\u7684\u8bef\u89e3\uff0c\u89c9\u5f97\u4e00\u4e2a\u94fe\u53ea\u8981\u901f\u5ea6\u591f\u5feb\uff0c\u8d44\u91d1\u5c31\u80fd\u591f\u9a6c\u4e0a\u8fc1\u79fb\u8fc7\u53bb\u3002\u56e0\u4e3a\u6211\u4eec\u505a DeFi \u662f\u4ece 19 \u5e74\u505a\u5230\u73b0\u5728\uff0c\u6211\u89c9\u5f97 DeFi \u8ddf\u6240\u6709\u91d1\u878d\u4f01\u4e1a\u662f\u4e00\u6837\u7684\uff0c\u5b83\u8dd1\u5f97\u8d8a\u4e45\uff0c\u5b83\u7684\u7c98\u6027\u8d8a\u5927\u3002\u91d1\u878d\u4f01\u4e1a\u7684\u6240\u8c13\u7c98\u6027\u5b9e\u9645\u4e0a\u662f\u4e00\u4e2a\u5b89\u5168\u7684\u95e8\u69db\u5728\u4e0d\u65ad\u63d0\u9ad8\u3002\u6bd4\u5982\u4f60\u600e\u4e48\u68c0\u9a8c\u4e00\u4e2a\u4f53\u7cfb\u7684 DeFi \u662f\u4e0d\u662f\u591f\u5065\u58ee\uff0c\u50cf\u4ee5\u592a\u574a\u73b0\u5728\u6574\u4e2a DeFi \u4f53\u7cfb\u5feb\u63a5\u8fd1 2000 \u4ebf\u7f8e\u91d1\u7684 TVL \u5728\u4e0a\u9762\u3002\u7b49\u4e8e\u8bf4\u8fd9\u91cc\u9762\u751f\u6001\u6709 2000 \u4ebf\u7f8e\u91d1\u7684 bounty\uff0c\u4e5f\u5c31\u662f\u8d44\u91d1\u5728\u4e0a\u9762\u7ed9\u5404\u79cd\u9ed1\u5ba2\u53bb\u653b\u51fb\u3002\u8fd9\u91cc\u9762 TVL \u4e0d\u662f\u51ed\u7a7a\u51fa\u6765\u7684\uff0c\u662f\u8fc7\u53bb\u4ee5\u592a\u574a\u5df2\u7ecf\u4ed8\u51fa\u4e86\u5c06\u8fd1\u53ef\u80fd\u51e0\u767e\u4ebf\u7f8e\u91d1\u7684\u635f\u5931\u7684\u60c5\u51b5\u4e0b\uff0c\u624d\u51fa\u73b0\u8fd9\u4e48\u9ad8\u7684\u62a4\u57ce\u6cb3\u3002\u6240\u4ee5 Solana \u4e3a\u4ec0\u4e48\u6ca1\u6cd5\u628a\u8fd9\u4e2a\u4e1c\u897f\u7ed9\u8fc1\u79fb\u8fc7\u53bb\uff0c\u8fd9\u91cc\u9762\u5176\u5b9e\u6574\u4e2a\u4fe1\u4efb\u6210\u672c\u3001\u5b89\u5168\u6210\u672c\u7c98\u6027\u975e\u5e38\u9ad8\u7684\u3002\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\u8bf4\u4ee5\u592a\u574a\u7684\u4ef7\u503c\u5728\u4e8e\uff0c\u53ea\u8981\u6709\u8db3\u591f\u957f\u7684\u65f6\u95f4\u80fd\u591f\u53bb\u5f80\u524d\u8fd0\u4f5c\uff0c\u8fd9\u4e9b TVL \u5f88\u96be\u8fc1\u79fb\u6389\u3002\u800c\u4e14\u6211\u89c9\u5f97\u8fd8\u6709\u4e00\u4e2a\u5f88\u5173\u952e\u7684\u95ee\u9898\u662f\uff0c\u56e0\u4e3a\u8fd9\u51e0\u4e2a\u751f\u6001\u6211\u90fd\u6709\u7528\u5b83\u65b0\u7684\u5e94\u7528\uff0c\u6211\u89c9\u5f97\u4ece\u4ea4\u4e92\u4f53\u9a8c\u4e0a\u8bb2\uff0c\u6211\u4e0d\u89c9\u5f97\u50cf Base \u8fd9\u6837\u7684\u94fe\u6216\u8005 Arbitrum \u7684\u94fe\u4f1a\u8f93\u7ed9 Solana \u591a\u5c11\u3002\u90a3 Gas \u8d39\u7528\u5176\u5b9e\u8fd8\u8981\u6bd4 Solana \u66f4\u4f4e\u7684\uff0c\u5c31\u5728 Base \u4e0a\u4f7f\u7528\u3002\u552f\u4e00\u4e0d\u597d\u7684\u5730\u65b9\u5728\u54ea\uff1f\u6211\u89c9\u5f97\u662f\u5728\u7528\u6237\u7684\u8ba4\u77e5\u4e0a\uff0c\u5c31 Solana \u8fd9\u4e00\u4e2a\u94fe\uff0c\u6ca1\u4ec0\u4e48 layer 1\uff0clayer 2\uff0c\u4e0d\u4f1a\u6709\u6240\u8c13\u7684\u6df7\u6dc6\u3002\u4f46\u662f\u4ee5\u592a\u574a\u5c31\u592a\u591a\u4e86\uff0cArbitrum\uff0cOP \u53c8 Base \u53c8 Superchain \u5c31\u4e00\u5806\u3002\u6982\u5ff5\u4e0a\uff0c\u6211\u89c9\u5f97\u5bf9\u4e8e\u6563\u6237\u6765\u8bb2\u53ef\u80fd\u5728 go to market \u4e0a\u4f1a\u4ea7\u751f\u8fd9\u79cd\u6df7\u6dc6\u3002\u56de\u5230\u4f60\u521a\u521a\u8bf4\u7684\u95ee\u9898\uff0c\u4e3a\u4ec0\u4e48\u8bf4\u5b83\u7684 TVL\uff0c\u5b83\u7684 DeFi \u6ca1\u6cd5\u90a3\u4e48\u5feb\u5f80\u90a3\u8fb9\u8fc1\u79fb\uff0c\u6211\u89c9\u5f97\u8fd9\u79cd\u7f51\u7edc\u6548\u5e94\uff0c\u5305\u62ec Solidity \u4f5c\u4e3a\u4e00\u4e2a\u5f00\u53d1\u8bed\u8a00\uff0c\u5148\u6709\u6700\u5168\u7684\u5de5\u5177\uff0c\u7136\u540e\u6709\u6700\u591a\u7684\u5ba1\u8ba1\u6848\u4f8b\uff0c\u6709\u6700\u591a\u7684\u7ec4\u4ef6\u3002\u8fd9\u4e00\u70b9\u6765\u8bb2\u7684\u8bdd\uff0c\u6211\u89c9\u5f97\u5bf9\u50cf Solana \u8fd9\u79cd\u94fe\uff0c\u5b83\u60f3\u53bb\u5b8c\u5168\u590d\u5236\uff0c\u96be\u5ea6\u975e\u5e38\u5927\u3002\u800c\u4e14\u56de\u5230\u6700\u6839\u672c\u7684\u95ee\u9898\u5728\u4e8e\u8bf4\uff0c\u4e3a\u4ec0\u4e48\u4ee5\u592a\u574a\u8d70 Layer 2 \u4ee5\u53ca Layer 2 \u5c06\u6765\u8ddf\u8fd9\u79cd Solana \u8fd9\u79cd\u5355\u4e00\u94fe\u7ade\u4e89\u7684\u4f18\u52bf\u5728\u54ea\uff1f\u5176\u5b9e\u6211\u89c9\u5f97\u5982\u679c\u5c06\u6765\u6709\u66f4\u591a\u4f01\u4e1a\u8981\u53bb\u53d1\u94fe\u7684\u8bdd\uff0c\u56e0\u4e3a\u4f60\u4e0d\u4f1a\u6307\u671b\u50cf\u7f8e\u56fd\u94f6\u884c\u6216\u8005 JP Morgan \u8bf4\uff0c\u6211\u5c31\u628a\u6211\u7684\u6240\u6709\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u642d\u5728 Solana \u4e0a\u9762\uff0c\u4ed6\u4e00\u5b9a\u4f1a\u53d1\u4e00\u4e2a\u94fe\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u4f60\u80af\u5b9a\u4f1a\u9009\u62e9\u4e00\u4e2a\u5927\u7684\u516c\u94fe\u53bb\u652f\u6491\uff0c\u6bd4\u5982\u8bf4\u6709\u53ef\u80fd\u5c31\u662f\u505a\u4e00\u4e2a Layer 2\uff0c\u5728\u4ee5\u592a\u574a\u642d\u5efa\u3002\u5728\u8fd9\u79cd\u524d\u63d0\u4e0b\uff0c\u5176\u5b9e\u4f60\u80fd\u627e\u5230\u66f4\u591a\u7684 TVL \u548c\u7ec4\u5408\u6027\u7684\u5e94\u7528\u7684\u8bdd\uff0c\u4ece\u8fd9\u4e00\u70b9\u4e0a\u8bb2\uff0cSolana \u8981\u60f3\u53bb\u64ac\u52a8\u4ee5\u592a\u574a\u7684 TVL \u7684\u8bdd\uff0c\u6211\u89c9\u5f97\u96be\u5ea6\u4f1a\u66f4\u5927\u3002\u6240\u4ee5\u4f60\u53d1\u73b0 TVL \u4e4b\u95f4\u5b83\u7684\u7f51\u7edc\u6548\u5e94\u662f\u4e92\u76f8\u7275\u5236\uff0c\u4e0d\u662f\u7b80\u5355\u8bf4\u6211\u8fd9\u4e2a\u94fe\u7684\u5e01\u8d77\u6765\u4e86\uff0c\u6211\u7684 TVL \u7684\u5e94\u7528\u5c31\u5168\u8fc7\u53bb\u4e86\u3002\u5305\u62ec\u6700\u8fd1\u770b\u4e86\u4e2a\u6709\u610f\u601d\u7684\u73b0\u8c61\u5c31\u662f USDT\u3002USDT \u73b0\u5728\u5728\u6574\u5408\u4ed6\u6240\u6709\u7684\u94fe\u7684\u5e01\uff0c\u628a\u5f88\u591a\u4e00\u4e9b\u5176\u4ed6\u7684 Layer1 \u7684 USDT \u7684\u53d1\u5e01\u6743\uff0c\u5927\u91cf\u628a\u5b83\u8fc1\u79fb\u5230\u4ee5\u592a\u574a\u4e3b\u7f51\u6765\u3002\u5176\u5b9e\u4e5f\u662f\u57fa\u4e8e\u5b89\u5168\u7684\u8003\u8651\u3002\u6240\u4ee5\u8fd9\u79cd\u6240\u8c13\u7684 DeFi \u7684\u7c98\u6027\u548c\u5b89\u5168\u6027\uff0c\u6211\u89c9\u5f97\u5176\u4ed6\u65b0\u7684 Layer2 \u5373\u4fbf\u662f\u4f53\u9a8c\u518d\u597d\uff0c\u4e5f\u5f88\u96be\u77ed\u65f6\u95f4\u628a\u8fd9\u4e2a\u4e1c\u897f\u64ac\u8fc7\u53bb\uff0c\u66f4\u4e0d\u7528\u8bf4\u5176\u5b9e\u5728\u4ee5\u592a\u574a\u4e0a\uff0c\u6211\u521a\u521a\u8bf4\u4e86\uff0c\u5176\u5b9e\u6709\u5f88\u591a Layer2 \u4ece\u6027\u80fd\u4e0a\u8bb2\u4e0d\u4f1a\u5dee\u8fc7\u8fd9\u4e9b\u65b0\u7684 Layer1\u3002<\/p>\n<h2>MOVE \u8bed\u8a00\u7684\u4f18\u52bf\u6240\u5728<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u4e86\u89e3\u3002\u5047\u8bbe\u50cf\u73b0\u5728\u6211\u4eec\u770b\u5230 MOVE \u8bed\u8a00\u7684\u5f88\u591a\u516c\u94fe\uff0c\u751a\u81f3\u5305\u62ec\u4e00\u4e9b EVM \u517c\u5bb9\u7684 Move L2 \u90fd\u5df2\u7ecf\u51fa\u6765\u4e86\uff0c\u6700\u8fd1 Movement \u521a\u4e0a\u4e86\u5e01\u5b89\u3002\u90a3\u4e48\u50cf MOVE \u8bed\u8a00\u7684\u8bdd\uff0c\u4ed6\u4eec\u4e00\u76f4\u5728\u6253\u7684\u4e00\u4e2a\u4ef7\u503c\u4e3b\u5f20\u662f\u8bf4\u7528 MOVE \u8bed\u8a00\u53bb\u6784\u5efa DeFi \u8ddf\u5404\u79cd\u5404\u6837\u7684\u91d1\u878d\u670d\u52a1\u76f8\u6bd4 Solidity \u8bed\u8a00\u662f\u66f4\u5b89\u5168\u7684\u3002\u60a8\u4f5c\u4e3a\u5f00\u53d1\u8005\u8ddf\u521b\u4e1a\u8005\u6765\u770b\uff0cMOVE \u8bed\u8a00\u7684\u8fd9\u4e2a\u4f18\u52bf\u5bf9\u4e8e\u5f00\u53d1\u8005\u6765\u8bf4\u6709\u6ca1\u6709\u8fd9\u4e48\u5927\u7684\u5438\u5f15\u529b\u5462\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u8fd9\u51e0\u4e2a\u751f\u6001\u6211\u4eec\u90fd\u770b\u8fc7\uff0c\u5305\u62ec\u6211\u4eec\u8ddf Solana \u4ed6\u4eec\u56e2\u961f\u5f88\u65e9\u8ba4\u8bc6\u4e86\uff0c\u50cf\u4ed6\u4eec\u90fd\u7528 Rust\uff0c\u5176\u5b9e Rust \u8bed\u8a00\u8981\u4ece\u8868\u8fbe\u6027\u6765\u8bb2\uff0c\u53ef\u80fd\u4e5f\u6709\u5f88\u591a\u4eba\u8bf4\u6bd4 Solidity \u8981\u597d\u5f88\u591a\uff0c\u80fd\u591f\u505a\u5f88\u591a\u4e1c\u897f\u3002\u4e0d\u5355\u662f MOVE\uff0c\u5176\u5b9e\u5f88\u591a\u50cf Tezos \u65b0\u7684\u516c\u94fe\u90fd\u641e\u51fa\u81ea\u5df1\u7684\u65b0\u7684\u8bed\u8a00\u4e86\uff0c\u4e5f\u662f\u6253\u5404\u79cd\u6240\u8c13\u7684\u5f62\u5f0f\u5316\u9a8c\u8bc1\u3002\u4f46\u662f\u4f60\u4f1a\u53d1\u73b0\u5176\u5b9e\u8fd9\u4e9b\u65b0\u7684\u8bed\u8a00\u5f88\u5feb\u5c31\u6d88\u5931\u533f\u8ff9\u4e86\u3002\u6211\u89c9\u5f97\u6700\u6838\u5fc3\u7684\u95ee\u9898\u5728\u4e8e\uff0c\u4f60\u5f88\u96be\u4e25\u683c\u5730\u8bf4\u54ea\u4e2a\u8bed\u8a00\u771f\u7684\u4ece\u67b6\u6784\u5c42\u9762\u6709\u591a\u5927\u7684\u5148\u5929\u6027\u4f18\u52bf\u3002\u6211\u89c9\u5f97\u5bf9\u4e8e\u4e00\u4e2a\u5f00\u53d1\u5458\u6765\u8bb2\uff0c\u6700\u5173\u952e\u7684\u8fd8\u662f\u65f6\u95f4\uff0c\u5c31\u662f\u4f60\u7684 timing\u3002\u4f60\u8d8a\u65e9\u7528\uff0c\u50cf Solidity \u6240\u6709\u8fd9\u4e9b\u8be5\u72af\u7684\u6bdb\u75c5\uff0c\u8be5\u51fa\u73b0\u7684\u95ee\u9898\uff0c\u5df2\u7ecf\u88ab\u6211\u4eec\u7684\u5f00\u53d1\u8005\u7528\u771f\u91d1\u767d\u94f6\u628a\u5751\u7ed9\u5168\u586b\u4e86\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u4f60\u8bf4\u5b83\u662f\u66f4\u4e0d\u5b89\u5168\u5417\uff1f\u81f3\u5c11\u4ece\u6211\u4eec\u5f00\u53d1\u7684\u89d2\u5ea6\uff0c\u6211\u4e0d\u662f\u8fd9\u4e48\u770b\u8fd9\u4e2a\u95ee\u9898\u3002\u56e0\u4e3a\u5b83\u6709\u8db3\u591f\u591a\u7684\u6848\u4f8b\uff0c\u6709\u8db3\u591f\u591a\u7684\u5de5\u5177\u652f\u6491\uff0c\u6709\u8db3\u591f\u591a\u7684\u4e00\u4e9b\u81ea\u52a8\u5316\u5ba1\u8ba1\u7684\u4e1c\u897f\uff0c\u6709\u8db3\u591f\u591a\u7684\u5ba1\u8ba1\u516c\u53f8 cover\uff0c\u6709\u8db3\u591f\u591a\u7684 hacker\u3002\u6bd4\u5982\u8bf4\u5f88\u7b80\u5355\uff0c\u6211\u53d1\u4e00\u4e2a bounty\uff0cSolidity \u8fd9\u4e2a\u8303\u56f4\u5185\u80fd\u505a\u5230\u7684\u9ed1\u5ba2\u53ef\u80fd\u6709\u51e0\u4e07\u4e2a\u767d\u5e3d\u5427\uff0c\u4f46\u662f MOVE \u548c Solana \u751f\u6001\u53ef\u80fd\u5c31\u51e0\u767e\u51e0\u5343\u4e2a\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u5b89\u5168\u8fd9\u4e2a\u4e8b\u60c5\u672c\u8eab\u5c31\u662f\u4e00\u4e2a\u53d8\u91cf\uff0c\u6ca1\u6709\u4e00\u4e2a\u7edd\u5bf9\u6240\u8c13\u7684\u5b89\u5168\u7684\u8bed\u8a00\u3002\u6700\u5927\u7684\u95ee\u9898\u5728\u4e8e\uff0c\u5bf9\u4e8e\u65b0\u7684\u8bed\u8a00\u6765\u8bb2\uff0c\u5b83\u5c06\u6765\u600e\u4e48\u6784\u5efa\u81ea\u5df1\u7684\u62a4\u57ce\u6cb3\u3002\u5982\u679c\u6ca1\u6709\u8db3\u591f\u7684\u542f\u52a8\u7684\u52bf\u80fd\u7684\u8bdd\uff0c\u5176\u5b9e\u6700\u540e\u5c31\u8fdb\u5165\u4e00\u4e2a\u72b6\u6001\uff0c\u5c31\u50cf\u70e7\u67f4\u4e00\u6837\uff0c\u8fd9\u4e2a\u67f4\u662f\u6e7f\u7684\uff0c\u6c38\u8fdc\u90fd\u5230\u4e0d\u4e86\u71c3\u70b9\u3002\u8fd9\u6837\u7684\u8bdd\u53ef\u80fd\u5b83\u672c\u8eab\u5b89\u5168\u5c31\u4e0d\u662f\u4e00\u4e2a\u786e\u5b9a\u6027\u7684\u4e8b\u60c5\uff0c\u4e0d\u50cf Solidity \u90a3\u4e9b\u5199\u51fa\u6765\u6709\u8db3\u591f\u591a\u7684\u6848\u4f8b\u53bb\u9a8c\u8bc1\u5b83\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u8bed\u8a00\u672c\u8eab\u6ca1\u6709\u6240\u8c13\u7684\u7edd\u5bf9\u4f18\u52a3\uff0c\u53cd\u800c\u6211\u89c9\u5f97\u4e00\u4e2a\u8bed\u8a00\u5982\u679c\u5230\u4e86\u4e00\u4e2a\u7f51\u7edc\u6548\u5e94\uff0c\u60f3\u88ab\u53d6\u4ee3\u7684\u8bdd\u662f\u975e\u5e38\u96be\u7684\u3002\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\u6211\u4eec\u770b\u5230\u6700\u8fd1\u50cf Monad \u60f3\u628a Solana \u9ad8\u6027\u80fd\u7684\u5e95\u5c42\u7684\u67b6\u6784\u7528\u4e86 EVM \u505a\u517c\u5bb9\u3002\u4f60\u770b\u5230\u53cd\u800c\u662f\u90a3\u6761\u8def\u7ebf\u8fc7\u6765\u7684 Layer1 \u65b0\u7684\u57fa\u7840\u8bbe\u65bd\u633a\u591a\u7684\uff0c\u5c31\u600e\u4e48\u628a\u65b0\u7684\u66f4\u9ad8\u6027\u80fd\u7684\u4e00\u4e9b\u516c\u94fe\u7684\u4e00\u4e9b\u57fa\u7840\u67b6\u6784\uff0c\u6bd4\u5982\u8bf4 EVM \u517c\u5bb9\u8fd9\u79cd\u6267\u884c\u73af\u5883\uff0c\u6216\u8005\u662f\u505a\u4e00\u4e2a\u65b0\u7684\u516c\u94fe\u51fa\u6765\u3002\u8fd9\u4e2a\u8def\u7ebf\u7684\u9879\u76ee\u5176\u5b9e\u73b0\u5728\u633a\u591a\u7684\u3002<\/p>\n<h2>\u7f8e\u56fd\u653f\u5c40\u66f4\u8fed\u5bf9\u52a0\u5bc6\u9886\u57df\u7684\u5f71\u54cd<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u7406\u89e3\uff0c\u50cf\u521a\u521a\u60a8\u8bf4\u7684 Monad\uff0c\u5305\u62ec Movement \u597d\u50cf\u90fd\u662f\u8fd9\u79cd\u65b9\u5411\u3002\u7136\u540e\u4eca\u5e74\u5176\u5b9e\u53d1\u751f\u4e86\u4e00\u4e2a\u86ee\u5927\u7684\u653f\u7b56\u7684\u53d8\u5316\uff0c\u5c31\u662f\u4ece 11 \u6708\u4efd\u5f00\u59cb\uff0c\u5ddd\u666e\u62ff\u4e0b\u4e86\u603b\u7edf\uff0c\u5171\u548c\u515a\u4e5f\u62ff\u4e0b\u4e86\u53c2\u4f17\u4e24\u9662\u7684\u591a\u6570\u8bae\u5e2d\u3002\u5c24\u5176\u7f8e\u56fd\u90a3\u8fb9\u4f3c\u4e4e\u5bf9\u4e8e\u52a0\u5bc6\u4ea7\u4e1a\u7684\u53d1\u5c55\u9884\u671f\u662f\u5927\u4e3a\u6539\u89c2\u7684\uff0c\u8fd1\u671f\u8fd8\u6709\u7f8e\u56fd\u7684\u7b2c\u4e94\u5de1\u56de\u6cd5\u9662\u88c1\u5b9a\u4e4b\u524d OFAC \u5bf9 Tornado Cash \u7684\u5236\u88c1\u662f\u8fdd\u6cd5\u7684\u3002\u60a8\u600e\u4e48\u770b\u76ee\u524d\u7f8e\u56fd\u653f\u5c40\u66f4\u8fed\u5bf9\u4e8e DeFi \u751a\u81f3\u5bf9\u4e8e\u6574\u4e2a\u52a0\u5bc6\u9886\u57df\u7684\u5f71\u54cd\uff0c\u4e50\u89c2\u7684\u90e8\u5206\u6709\u54ea\u4e9b\uff0c\u4e0d\u4e50\u89c2\u7684\u98ce\u9669\u56e0\u7d20\u53ef\u80fd\u6709\u54ea\u4e9b\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u6211\u89c9\u5f97\u4ece\u4e50\u89c2\u5c42\u9762\u8bb2\uff0c\u5b83\u5df2\u7ecf\u8d85\u8fc7\u4e86\u6211\u6700\u4e50\u89c2\u7684\u9884\u671f\u4e86\uff0c\u6211\u6ca1\u6709\u60f3\u5230\u8fd9\u4e48\u72e0\uff0c\u5c31\u662f\u5ddd\u666e\u725b\u5e02\uff0c\u5ddd\u666e\u7684\u5c0f\u5b69\u76f4\u63a5\u5165\u573a\u505a DeFi \u9879\u76ee\u3002\u6211\u89c9\u5f97\u6574\u4e2a Crypto \u5bf9\u4e8e\u5ddd\u666e\u653f\u5e9c\u7684\u6e17\u900f\u4ece\u5bb6\u91cc\u4eba\uff0c\u6bd4\u5982\u8bf4 Donald Trump Jr\uff0c\u4ed6\u7684\u5c0f\u5b69\u505a\u4e86 DeFi \u9879\u76ee\uff0cBaron \u662f\u56e0\u4e3a\u53e6\u5916\u4e00\u4e2a\u5c0f\u5b69\uff0c\u73b0\u5728\u8fd8\u5728\u8bfb\u4e66\u7684\uff0c\u4e5f\u662f\u5728 Defi NFT \u8fd9\u5757\u3002\u6211\u89c9\u5f97\u53ef\u80fd\u5bf9\u5ddd\u666e\u5728\u6838\u5fc3\u5708\u7684\u5f71\u54cd\u7279\u522b\u5927\u3002\u53e6\u5916\u770b\u5230 Vance\uff0c\u7136\u540e\u4e0d\u7528\u8bf4 David Sacks \u8fd9\u4e9b\uff0c\u5168\u90fd\u662f PayPal mafia \u7684\u4eba\u6e17\u900f\u7684\u3002\u6240\u4ee5\u4f60\u53ef\u4ee5\u770b\u5230\uff0c\u5728\u5ddd\u666e\u80fd\u591f\u6d89\u53ca\u7684\u89d2\u8272\u5708\u91cc\uff0c\u57fa\u672c\u5168\u90e8\u90fd\u662f Pro Crypto \u7684\u4eba\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u5728\u653f\u6cbb\u5c42\u9762\uff0c\u6beb\u65e0\u7591\u95ee\u6bd4\u6211\u9884\u8ba1\u7684\u8fd8\u8981\u4e50\u89c2\uff0c\u800c\u4e14\u6211\u89c9\u5f97\u53ef\u80fd\u4f1a\u4e50\u89c2\u8fc7\u5934\u4e86\u3002\u8fd9\u4e00\u70b9\u662f\u6211\u53cd\u800c\u6bd4\u8f83\u62c5\u5fc3\u7684\uff0c\u5305\u62ec\u662f\u4e0d\u662f\u628a\u6bd4\u7279\u5e01\u7eb3\u5165\u5230\u7f8e\u56fd\u7684\u50a8\u5907\u3002\u4ece\u4e50\u89c2\u7684\u5c42\u9762\u770b\uff0c\u6211\u89c9\u5f97\u786e\u5b9e\u8fd9\u4e2a\u5468\u671f\u6ca1\u6709\u5929\u82b1\u677f\uff0c\u53cd\u800c\u662f\u8fd9\u4e2a\u4e50\u89c2\u672c\u8eab\u53ef\u80fd\u4f1a\u6253\u7834\u4ee5\u524d\u5e01\u5708\u7684\u6240\u8c13 4 \u5e74\u7684\u5468\u671f\u3002\u6211\u89c9\u5f97\u5728\u7acb\u6cd5\u5c42\u9762\u5927\u6982\u7387\u4f1a\u51fa\u4e00\u4e2a\u5b8c\u5168\u9488\u5bf9 Crypto \u7684\u6574\u4e2a\u76d1\u7ba1\u7684\u6846\u67b6\uff0c\u800c\u4e0d\u662f\u50cf\u73b0\u6709 SEC \u90a3\u6837\u5b8c\u5168\u628a Crypto \u786c\u751f\u751f\u5730\u7eb3\u5165\u5230\u6240\u8c13\u7684 security law \u7684\u90a3\u4e00\u5957\u4f53\u7cfb\u91cc\u53bb\u505a\u76d1\u7ba1\u3002\u6211\u89c9\u5f97\u6709\u53ef\u80fd\u4f1a\u51fa\u73b0\u5b8c\u5168\u72ec\u7acb\u7684\u4e00\u4e2a\u76d1\u7ba1\u4f53\u7cfb\u3002\u5982\u679c\u8fd9\u4e2a\u51fa\u73b0\u7684\u8bdd\uff0c\u6211\u89c9\u5f97\u53ef\u80fd\u4e0d\u5355\u662f DeFi \u7684\uff0c\u5bf9\u6574\u4e2a Web3 \u7684\u53d1\u5c55\u662f\u975e\u5e38\u4e50\u89c2\u7684\u3002\u90a3\u4e48\u60b2\u89c2\u7684\u89d2\u5ea6\u8bb2\uff0c\u5176\u5b9e\u73b0\u5728\u5f88\u660e\u663e\uff0c\u52a0\u5bc6\u8d27\u5e01\u672c\u8eab\u5df2\u7ecf\u4e0d\u662f\u4e00\u4e2a\u6240\u8c13\u7684\u975e\u515a\u6d3e\u653f\u6cbb\u7684\u8bae\u9898\u4e86\uff0c\u6211\u89c9\u5f97\u5df2\u7ecf\u662f\u53d8\u6210\u4e00\u4e2a\u515a\u6d3e\u7ad9\u961f\u7684\u95ee\u9898\u3002\u8fd9\u4e00\u70b9\u662f\u6211\u6bd4\u8f83\u62c5\u5fc3\u7684\uff0c\u6574\u4e2a\u5927\u9009\u8fc7\u540e\uff0c\u5171\u548c\u515a\u548c\u6c11\u4e3b\u515a\u4e4b\u95f4\u5728 Crypto \u548c Against Crypto \u5df2\u7ecf\u5f62\u6210\u4e00\u4e2a\u9635\u7ebf\u3002\u6211\u89c9\u5f97\u73b0\u5728\u5df2\u7ecf\u628a\u52a0\u5bc6\u8d27\u5e01\u5f53\u6210\u4e24\u515a\u653f\u6cbb\u7684\u4e00\u4e2a\u5206\u5316\u7684\u8bae\u9898\u3002\u5982\u679c\u5ddd\u666e 4 \u5e74\u4e4b\u540e\uff0c\u5171\u548c\u515a\u4e0a\u4e0d\u53bb\u600e\u4e48\u529e\uff1f\u4f1a\u4e0d\u4f1a\u91cd\u65b0\u66f4\u6539\u8fd9\u4e9b\u653f\u7b56\uff1f\u8fd9\u662f\u73b0\u5728\u5df2\u7ecf\u5f88\u96be\u56de\u5230\u4e2d\u7acb\u7684\u4e00\u4e2a\u8bdd\u9898\uff0c\u5b83\u662f\u5171\u548c\u515a\u548c\u6c11\u4e3b\u515a\u4e4b\u95f4\u7684\u4e00\u4e2a\u7ad9\u961f\u7684\u6838\u5fc3\u95ee\u9898\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u5bf9\uff0c\u5ddd\u666e\u53ef\u80fd\u4e0d\u4e00\u5b9a\u5230 4 \u5e74\uff0c\u53ef\u80fd\u5230 26 \u5e74\u4e2d\u671f\u9009\u4e3e\u7684\u65f6\u5019\uff0c\u5171\u548c\u515a\u8fd9\u8fb9\u7684\u8bae\u4f1a\u80fd\u4e0d\u80fd\u62ff\u90a3\u4e48\u591a\u5e2d\u4f4d\uff0c\u5230\u65f6\u5019\u4e5f\u662f\u6709\u6311\u6218\u3002<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5bf9\uff0c\u4f46\u662f\u6211\u89c9\u5f97\u6bd4\u8f83\u597d\u7684\u662f\uff0c\u6574\u4e2a\u8fd9\u4e00\u6b21\u7684\u8fd0\u4f5c\uff0c\u4e0d\u5355\u662f\u8bf4\u5ddd\u666e\u4e0a\u53f0\u8fd9\u4e2a\u4e8b\u60c5\uff0c\u5305\u62ec\u5728\u53c2\u4f17\u4e24\u9662\u7684 Lobby \u8fd9\u5757\uff0c\u5176\u5b9e\u7f8e\u56fd\u7684\u653f\u575b\u5df2\u7ecf\u5bf9\u6574\u4e2a Crypto Lobby \u8fd9\u65b9\u9762\u5df2\u7ecf\u6709\u70b9\u656c\u754f\u4e86\u3002\u8fd9\u4e2a\u656c\u754f\u6211\u8bf4\u7684\u4e0d\u4e00\u5b9a\u662f\u4e00\u4e2a\u8912\u4e49\u8bcd\uff0c\u53ef\u80fd\u662f\u4e00\u4e2a\u8d2c\u4e49\u8bcd\uff0c\u5c31\u662f\u89c9\u5f97\u5f71\u54cd\u592a\u5927\u4e86\u3002\u7279\u522b\u662f Ripple \u7684\u7ec4\u7ec7\u652f\u6301\u7684\u51e0\u4e2a Lobby \u56e2\u961f\uff0c\u5728\u7f8e\u56fd\u53c2\u8bae\u9662\u7684\u8fd9\u6b21\u9009\u4e3e\u6362\u4eba\u4e2d\uff0c\u80dc\u7387\u662f 85% \uff0c\u5c31\u4ed6 back \u7684 Senator\uff0c\u8fd9\u4e9b Crypto Senator 100 \u4e2a\u4eba\u6709 85% \u7684\u80dc\u7387\uff0c\u8fd9\u662f\u975e\u5e38\u9ad8\u7684\u80dc\u7387\u3002\u6240\u4ee5\u8fd9\u4e00\u70b9\u5176\u5b9e\u633a\u53ef\u6015\u7684\uff0c\u5c31\u610f\u5473\u7740\u5c06\u6765\u6240\u6709\u7684\u8fd9\u4e9b Against Crypto \u7684\u4eba\u53ef\u80fd\u90fd\u6ca1\u6709\u673a\u4f1a\u8fdb\u5165\u5230\u7f8e\u56fd\u7684\u7acb\u6cd5\u534f\u8bae\u3002\u4ece\u8fd9\u4e00\u70b9\u6765\u8bb2\uff0c\u6211\u89c9\u5f97\u4e5f\u53ef\u80fd\u4f1a\u5f15\u53d1\u6bd4\u5982\u6c11\u4e3b\u515a\u6216\u8005\u662f Anti Crypto \u7684\u4eba\u7684\u4e00\u4e9b\u53cd\u51fb\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u662f\u7684\uff0c\u6211\u770b Fair Shake \u5df2\u7ecf\u5728\u51c6\u5907 2026 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4 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debasement\uff0c\u6cd5\u5e01\u7684\u6240\u8c13\u7684\u8d2c\u503c\u3002\u6240\u4ee5\u4ece\u6839\u672c\u7684\u76ee\u7684\u6765\u8bf4\uff0c\u5b83\u8ddf\u628a\u7f8e\u56fd\u5f53\u6210\u662f\u552f\u4e00\u7684\u56fd\u9645\u5316\u7684\u50a8\u5907\uff0c\u5c31\u7f8e\u56fd\u7684\u5927\u90e8\u5206\u4eba\u7684\u613f\u671b\u6765\u8bb2\uff0c\u6211\u89c9\u5f97\u662f\u6709\u4e00\u5b9a\u51b2\u7a81\u7684\u3002\u5176\u5b9e\u5728\u7f8e\u56fd\u7684\u653f\u575b\u5f88\u591a\u4eba\u662f\u6301\u8fd9\u4e2a\u89c2\u70b9\u7684\u3002\u4ed6\u4eec\u8ba4\u4e3a\u6bd4\u7279\u5e01\uff0c\u867d\u7136\u53eb\u7535\u5b50\u9ec4\u91d1\uff0c\u8ddf\u9ec4\u91d1 PK\uff0c\u4f46\u662f\u4ed6\u4eec\u8ba4\u4e3a\u6700\u7ec8\u662f\u8ddf\u7f8e\u5143 PK \u7684\u3002\u800c\u4e14\u786e\u5b9e\u4e5f\u662f\uff0c\u5b83\u8ddf\u6240\u6709\u7684\u6cd5\u5e01\u5728 PK\uff0c\u56e0\u4e3a\u6cd5\u5e01\u7684 debase\uff0c\u6bd4\u7279\u5e01\u624d\u6709\u589e\u957f\u7684\u7a7a\u95f4\u3002\u6240\u4ee5\u8fd9\u4e00\u70b9\u4e0a\u8bb2\uff0c\u6211\u89c9\u5f97\u963b\u529b\u8fd8\u662f\u633a\u5927\u7684\u3002\u5f53\u7136\u8fd9\u4e2a\u53d6\u51b3\u4e8e\u5ddd\u666e\u4ed6\u5230\u5e95\u6709\u591a\u5927\u7684\u653f\u6cbb\u4fe1\u5ff5\u53bb\u628a\u8fd9\u4e2a\u63a8\u8fdb\u6765\uff0c\u4e0d\u597d\u8bf4\u3002\u6309\u7167\u4ed6\u98ce\u683c\u7684\u8bdd\uff0c\u4ed6\u53ef\u80fd\u771f\u7684\u4f1a\u7279\u522b\u7528\u529b\u63a8\u3002\u4f46\u8fd9\u4e00\u70b9\u4e5f\u4e0d\u662f\u8bf4\u7f8e\u56fd\u603b\u7edf\u63a8\u5c31\u884c\u4e86\uff0c\u8fd8\u5f97\u9700\u8981\u7acb\u6cd5\u8fd9\u4e2a\u5c42\u9762\u53bb\u901a\u8fc7\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u5bf9\uff0c\u521a\u521a\u60a8\u8bf4\u7684\u8fd9\u4e2a\u89c2\u70b9\u6211\u4e5f\u633a\u8d5e\u540c\uff0c\u56e0\u4e3a\u5176\u5b9e\u6211\u770b\u5f88\u591a\u7f8e\u56fd\u5236\u88c1\u7684\u56fd\u5bb6\uff0c\u5305\u62ec\u50cf\u4fc4\u7f57\u65af\u3001\u4f0a\u6717\uff0c\u4ed6\u4eec\u73b0\u5728\u90fd\u628a\u6bd4\u7279\u5e01\u4f5c\u4e3a\u56fd\u5bb6\u50a8\u5907\u7684\u4e00\u4e2a\u6f5c\u5728\u9009\u9879\uff0c\u7136\u540e\u4ed6\u4eec\u7684\u5047\u60f3\u654c\u90fd\u662f\u7f8e\u5143\uff0c\u5c31\u662f\u8bf4\u7528\u6bd4\u7279\u5e01\u4f5c\u4e3a\u50a8\u5907\u66f4\u597d\uff0c\u8fd9\u4e2a\u786e\u5b9e\u4f1a\u6311\u6218\u7f8e\u5143\u4f5c\u4e3a\u4e00\u4e2a\u57fa\u672c\u7684\u50a8\u5907\u8d44\u4ea7\u7684\u5730\u4f4d\u3002<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u662f\u7684\uff0c\u6240\u4ee5\u73b0\u5728\u5176\u5b9e\u5927\u5bb6\u90fd\u628a\u6bd4\u7279\u5e01\u5b9a\u4e49\u4e3a\u7535\u5b50\u9ec4\u91d1\uff0c\u5176\u5b9e\u662f\u633a\u8ba8\u5de7\u7684\u4e00\u4e2a\u7b56\u7565\u3002\u5c31\u8bf4\u6211\u4eec\u662f\u8ddf\u9ec4\u91d1 PK \u7684\uff0c\u5148\u4e0a\u5230 13 \u4e07\u4ebf\u300115 \u4e07\u4ebf\u7684\u6bd4\u4f8b\uff0c\u5148\u628a\u9ec4\u91d1 PK \u5b8c\u518d\u8bf4\u3002\u73b0\u5728\u6ca1\u6709\u4eba\u63d0\u8bf4\u8ddf\u7f8e\u5143\u7ade\u4e89\uff0c\u4f46\u662f\u6211\u89c9\u5f97\u6700\u5e95\u5c42\u8fd8\u662f\u4e00\u6837\u3002\u4f60\u8981\u8bf4\u9ec4\u91d1\uff0c\u4f46\u4f60\u53c8\u662f\u4e2a\u7535\u5b50\u9ec4\u91d1\uff0c\u53ef\u4ee5\u65e0\u9650\u5206\u5272\uff0c\u90a3\u8ddf\u8d27\u5e01\u6709\u5565\u533a\u522b\uff1f\u6ca1\u6709\u533a\u522b\u4e86\u3002\u4f46\u5e01\u5708\u4e5f\u4e0d\u613f\u610f\u628a\u8fd9\u4e2a\u8bae\u9898\u653e\u5f97\u7279\u522b\u91cd\u8981\u3002\u4f46\u662f\u6211\u89c9\u5f97\u7f8e\u56fd\u8d22\u653f\u90e8\u6216\u8005\u91d1\u878d\u5708\u5bf9\u8fd9\u4e9b\u770b\u5f97\u4e5f\u633a\u660e\u767d\u7684\u3002<\/p>\n<h2>\u5927\u516c\u53f8\u8d2d\u4e70 Defi \u9879\u76ee\u7684\u53ef\u80fd\u6027<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u90a3\u6211\u4eec\u518d\u6765\u804a\u4e00\u4e2a\u66f4\u805a\u7126\u4e8e DeFi \u7684\u8bdd\u9898\uff0c\u73b0\u5728\u6211\u4eec\u770b\u6bd4\u7279\u5e01\u7684 ETF \u6709\u4e86\uff0c\u4ee5\u592a\u574a\u7684 ETF \u4e5f\u6709\u4e86\u3002\u73b0\u5728\u4e0a\u5e02\u516c\u53f8\u751a\u81f3\u653f\u5e9c\u8d22\u653f\u53bb\u6301\u6709 BTC \u5df2\u7ecf\u4e0d\u662f\u4ec0\u4e48\u5927\u65b0\u95fb\u4e86\uff0c\u5927\u90e8\u5206\u516c\u53f8\u53bb\u4e70\u6bd4\u7279\u5e01\u5f88\u6b63\u5e38\u561b\u3002\u5728\u60a8\u770b\u6765\uff0c\u968f\u7740\u52a0\u5bc6\u4ea7\u4e1a\u5728\u7f8e\u56fd\u7684\u5408\u89c4\u5316\uff0c\u4ed6\u4eec\u4f1a\u4e0d\u4f1a\u8003\u8651\u53bb\u628a DeFi \u7684\u4e00\u4e9b\u84dd\u7b79\u9879\u76ee\uff0c\u6bd4\u5982\u50cf Aave \u3001Uni \u4f5c\u4e3a\u8fd9\u4e9b\u4f20\u7edf\u91d1\u878d\u516c\u53f8\u7684\u4e00\u4e2a\u5e76\u8d2d\uff0c\u6216\u8005\u81f3\u5c11\u662f\u4e00\u4e2a\u6f5c\u5728\u7684\u53c2\u80a1\u6807\u7684\u5427\uff0c\u60a8\u89c9\u5f97\u8fd9\u4e2a\u4e8b\u60c5\u5728\u672a\u6765\u7684\u4e00\u5230\u4e24\u5e74\u4f1a\u4e0d\u4f1a\u6709\u53ef\u80fd\u53d1\u751f\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u8fd9\u4e5f\u662f\u975e\u5e38\u6709\u610f\u601d\u7684\u8bdd\u9898\u3002\u6211\u4eec\u73b0\u5728\u770b\u5230\u5176\u5b9e\u6bd4\u7279\u5e01 ETF \u548c\u534e\u5c14\u8857\u6216\u8005\u4f20\u7edf\u91d1\u878d\u7684\u5173\u7cfb\uff0c\u4ed6\u4eec\u4ec5\u4ec5\u628a\u5b83\u5f53\u6210\u53e6\u5916\u4e00\u79cd\u4ea4\u6613\u8d44\u4ea7\uff0c\u6bd4\u5982\u8bf4\u7535\u5b50\u9ec4\u91d1\u3002\u5176\u5b9e\u5b83\u8ddf\u4f20\u7edf\u91d1\u878d\u4e4b\u95f4\u8fd8\u662f\u5272\u88c2\u7684\uff0c\u5c31\u662f\u8bf4\u5b83\u53ea\u662f\u5f53\u6210 AUM \u7684\u4e00\u90e8\u5206\uff0c\u8d44\u7ba1\u8303\u56f4\u7684\u4e00\u90e8\u5206\uff0c\u7528\u6237\u8981\u6211\u5c31\u7ed9\u4ed6\u3002\u4f46\u662f\u6211\u89c9\u5f97\u8fd9\u4e2a\u5468\u671f\u53d1\u751f\u4e86\u633a\u6709\u610f\u601d\u7684\u51e0\u4e2a\u53d8\u5316\u3002\u4e00\u4e2a\u662f\uff0c\u9664\u4e86\u6211\u4eec\u521a\u521a\u8bb2\u90a3\u79cd\u5b8c\u5168\u8fd9\u4e24\u4e2a\u662f\u72ec\u7acb\u7684\u4e2a\u4f53\uff0c\u5c31\u6bd4\u7279\u5e01\u8ddf\u9ec4\u91d1\u5176\u5b9e\u6ca1\u5565\u533a\u522b\uff0c\u6211\u8fd9\u4e2a Blackrock \u516c\u53f8\u4e5f\u662f\u63d0\u4f9b\u4e0d\u540c\u4ea7\u54c1\u7ed9\u6211\u7528\u6237\u7528\uff0c\u5176\u4ed6\u8ddf Blackrock \u516c\u53f8\u672c\u8eab\u5176\u5b9e\u6ca1\u6709\u5173\u8054\u6027\u7684\u3002\u4f46\u662f\u6bd4\u7279\u5e01\u548c\u5fae\u7b56\u7565\u8fd9\u4e2a\u5c31\u6bd4\u8f83\u6709\u8da3\uff0c\u5fae\u7b56\u7565\u4e5f\u662f\u4e00\u4e2a\u4f20\u7edf\u7684\u516c\u53f8\uff0c\u5b83\u662f\u4e2a\u8f6f\u4ef6\u516c\u53f8\uff0c\u4f46\u73b0\u5728\u662f\u4e2a\u91d1\u878d\u516c\u53f8\uff0c\u53ef\u4ee5\u8fd9\u4e48\u8ba4\u4e3a\u5bf9\u5427\u3002\u4f46\u662f\u5b83\u8ddf\u6bd4\u7279\u5e01\u7684\u5173\u7cfb\u5176\u5b9e\u5c31\u662f\u6211\u4eec\u524d\u9762\u8bb2\u7684 ETF \u8ddf Blackrock \u7684\u5173\u7cfb\uff0c\u662f\u5b8c\u5168\u72ec\u7acb\u4e2a\u4f53\u3002\u73b0\u5728\u6bd4\u7279\u5e01\u548c\u5fae\u7b56\u7565\u662f\u5b6a\u751f\u5173\u7cfb\u3002\u4e3a\u4ec0\u4e48\u662f\u5b6a\u751f\u5173\u7cfb\uff1f\u8fd9\u91cc\u9762\u8fde\u63a5\u4ed6\u4eec\u4e24\u4e2a\u5b6a\u751f\u5144\u5f1f\u4e4b\u95f4\u7684\u5173\u952e\u70b9\u5c31\u5728\u4e8e\u6ce2\u52a8\u6027\u3002\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u6027\u548c\u5fae\u7b56\u7565\u7684\u80a1\u7968\u6ce2\u52a8\u6027\uff0c\u8fd9\u4e24\u70b9\u662f\u8fde\u63a5\u5728\u4e00\u8d77\u7684\u3002\u6bd4\u7279\u5e01\u6ce2\u52a8\uff0c\u5b83\u7684\u80a1\u7968\u6ce2\u52a8\u3002\u5b83\u7684\u80a1\u7968\u6ce2\u52a8\u4e5f\u4f1a\u53cd\u800c\u5f71\u54cd\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u8fd9\u662f\u4e00\u4e2a\u7279\u522b\u6709\u610f\u601d\u7684\u73b0\u8c61\uff0c\u5c31\u5728\u4e8e\u6bd4\u7279\u5e01\u548c\u7f8e\u56fd\u7684\u4e0a\u5e02\u516c\u53f8\u4e4b\u95f4\u5176\u5b9e\u5efa\u7acb\u4e86\u8fd9\u4e48\u4e00\u4e2a\u53cc\u4ee3\u5e01\u7684\u673a\u5236\uff0c\u5176\u4e2d\u4e00\u4e2a\u662f\u6bd4\u7279\u5e01\uff0c\u53e6\u5916\u4e00\u4e2a\u662f\u4e0a\u5e02\u516c\u53f8\u7684\u80a1\u7968\uff0c\u5c31\u50cf\u6211\u4eec\u5728 DeFi \u91cc\u9762\u73a9\u8fd9\u79cd\u53cc\u4ee3\u5e01\uff0c\u5b50\u5e01\u6bcd\u5e01\u4e4b\u95f4\u4e92\u76f8\u7ecf\u6d4e\u6a21\u578b\u7684\u6302\u94a9\u3002\u7279\u522b\u6709\u610f\u601d\u7684\u662f\uff0c\u50cf\u6bd4\u7279\u5e01\u548c\u5fae\u7b56\u7565\u67d0\u79cd\u7a0b\u5ea6\u4e0a\u5f62\u6210\u4e00\u4e2a\u53cc\u4ee3\u5e01\u7684\u673a\u5236\uff0c\u5c31\u662f\u4f20\u7edf\u7684\u80a1\u7968\u7684\u80a1\u4ef7\u6ce2\u52a8\u6027\u548c\u6bd4\u7279\u5e01\u4e4b\u95f4\u5efa\u7acb\u4e00\u4e2a\u8054\u7cfb\u3002\u90a3\u4e48\u56de\u5230 DeFi \u8fd9\u4e2a\u5c42\u9762\uff0c\u8981\u8bf4 Blackrock \u53bb\u4e70\u4e2a Aave\uff0c\u4e70 Uniswap \u7684 token\uff0c\u6211\u89c9\u5f97\u8fd9\u4e2a\u4e8b\u60c5\u4e0d\u591f sexy\u3002\u6211\u81ea\u5df1\u9884\u6d4b\u5c06\u6765\u7684\u4e09\u4e94\u5e74\u4f1a\u51fa\u73b0\u7c7b\u4f3c\u6bd4\u7279\u5e01\u548c\u5fae\u7b56\u7565\u8fd9\u79cd\u5b6a\u751f\u5173\u7cfb\u7684 DeFi \u548c\u4e0a\u5e02\u516c\u53f8\u7684\u5b6a\u751f\u5173\u7cfb\u3002\u4ec0\u4e48\u610f\u601d\u5462\uff1f\u5c31\u662f\u6211\u4e00\u4e2a DeFi \u534f\u8bae\u63a7\u5236\u4e00\u4e2a\u4e0a\u5e02\u516c\u53f8\uff0c\u8fd9\u4e2a\u4e0a\u5e02\u516c\u53f8\u53ef\u80fd\u662f\u5f00\u94f6\u884c\u7684\uff0c\u53ef\u80fd\u505a lending\uff0c\u53ef\u4ee5\u505a banking\uff0c\u5b83\u53ef\u4ee5\u628a\u6cd5\u5e01\u901a\u9053\u6253\u901a\u5230 Aave \u6765\uff0c\u6216\u8005\u8bf4\u4e00\u4e2a\u4e0a\u5e02\u7684\u4ea4\u6613\u6240\uff0c\u5b83\u53ef\u4ee5\u628a\u5b83\u7684\u6cd5\u5e01\u76f4\u63a5\u8c03\u7528\u5230\u4e00\u4e2a\u94fe\u4e0a\u7684 DeFi \u6765\u3002\u8fd9\u4e00\u70b9\u624d\u662f\u6211\u771f\u8ba4\u4e3a\u6709\u53ef\u80fd\u4f1a\u5728 DeFi \u548c\u534e\u5c14\u8857\u7684\u516c\u53f8\u5f62\u6210\u8fd9\u79cd\u5b6a\u751f\u7684\u4e24\u4e2a\u5e01\u7684\u3002\u6211\u89c9\u5f97\u8fd9\u624d\u662f\u771f\u6b63\u5728\u4e0b\u4e2a\u5468\u671f\u6709\u53ef\u80fd\u4f1a\u53d1\u751f\u7684\u3002\u56e0\u4e3a\u73b0\u5728\u6211\u4eec\u770b\u5230\uff0c\u9664\u4e86\u5fae\u7b56\u7565\u4e4b\u5916\uff0c\u5305\u62ec Marathon\uff0c\u8fd8\u6709\u5305\u62ec\u597d\u591a\u77ff\u673a\u7684\u516c\u53f8\u90fd\u5f00\u59cb\u4e70\u6bd4\u7279\u5e01\u3002\u7528\u5fae\u7b56\u7565\u8fd9\u4e2a\u7b56\u7565\uff0c\u5b9e\u9645\u4e0a\u5c31\u7b49\u4e8e\u8bf4\uff0c\u5b83\u7684\u80a1\u7968\u4e0d\u5355\u8ddf\u6bd4\u7279\u5e01\u7684\u7b97\u529b\u7684\u96be\u5ea6\u6709\u5173\u7cfb\uff0c\u8ddf\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5176\u5b9e\u6709\u5173\u8054\u6027\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u5c06\u6765 DeFi \u66f4\u5927\u7684\u53ef\u80fd\u6027\u3001\u66f4\u6709\u610f\u601d\u7684\u70b9\u5728\u4e8e\uff0c\u6211\u4eec\u53eb\u300c\u524d\u4e0a\u5e02\u516c\u53f8\u540e DeFi\u300d\u3002\u4f60\u7684\u4e0a\u5e02\u516c\u53f8\u4f5c\u4e3a\u6211\u7684 DeFi \u7684\u53e6\u5916\u4e00\u4e2a\u6e20\u9053\u53bb\u505a\u53d1\u503a\uff0c\u53bb\u505a\u80a1\u6743\u878d\u8d44\uff0c\u53bb\u505a\u94f6\u884c\u7684\u724c\u7167\u7684\u4e1c\u897f\uff0c\u7136\u540e\u628a\u8fd9\u4e24\u4e2a\u4e16\u754c\u8fde\u8d77\u6765\u3002\u8fd9\u4e00\u70b9\u6211\u89c9\u5f97\u6309\u7167\u5ddd\u666e\u8fd9\u4e2a\u73a9\u6cd5\uff0c\u6bd4\u5982\u8bf4\u4ed6\u73b0\u5728\u641e\u7684 World Liberty DeFi\uff0c\u4e0b\u4e00\u6b65\u53ef\u80fd\u53d1\u7a33\u5b9a\u5e01\uff0c\u518d\u4e0b\u4e00\u6b65\u662f\u4e0d\u662f\u8fd8\u8981\u62ff\u94f6\u884c\u724c\u7167\uff0c\u662f\u4e0d\u662f\u6709\u53ef\u80fd\u628a\u5b83\u88c5\u5230\u4ed6\u81ea\u5df1\u7684\u4e0a\u5e02\u516c\u53f8\u53bb\uff0c\u8fd9\u662f\u5b8c\u5168\u662f\u6709\u53ef\u80fd\u7684\u3002\u6211\u771f\u7684\u89c9\u5f97\u6709\u53ef\u80fd\u5c31\u5728\u5c06\u6765\u7684\u4e09\u4e94\u5e74\u53d1\u751f\uff0c\u5c31\u5728\u4ed6\u4e0a\u4efb\u7684\u8fd9\u4e2a\u5468\u671f\u53d1\u751f\u3002\u5f53\u7136\u9664\u4e86\u4ed6\u4e4b\u5916\uff0c\u4f20\u7edf DeFi \u9879\u76ee\u4e5f\u6709\u53ef\u80fd\u53ef\u4ee5\u5f80\u90a3\u4e2a\u65b9\u5411\u53bb\u505a\u4e00\u4e9b\u5c1d\u8bd5\u3002\u6211\u89c9\u5f97\u8fd9\u662f\u66f4\u6709\u610f\u601d\u7684\uff0c\u5c31\u662f\u600e\u4e48\u771f\u7684\u5728\u673a\u5236\u4e0a\u628a\u300c\u5e01\u300d\u548c\u300c\u80a1\u300d\u771f\u7684\u5728\u7ecf\u6d4e\u6a21\u578b\u4e0a\u5efa\u7acb\u5173\u7cfb\u3002\u4f60\u7684 DeFi \u8d5a\u94b1\uff0c\u6211\u7684\u80a1\u7968\u7684\u80a1\u4e1c\u8981\u83b7\u76ca\uff0c\u7136\u540e\u6211\u80a1\u7968\u8fd9\u8fb9\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u6269\u5927\uff0c\u4e5f\u4f1a\u5e2e\u52a9\u6211\u7684 DeFi \u53bb\u83b7\u53d6\u66f4\u591a\u7684\u4f20\u7edf\u7684\u8d44\u91d1\u8fdb\u6765\u3002\u6211\u89c9\u5f97\u8fd9\u4e00\u70b9\u624d\u662f\u6bd4\u8f83\u6709\u610f\u601d\u7684\u4e00\u4e2a\u7ec4\u5408\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u8fd9\u4e2a\u89c2\u70b9\u786e\u5b9e\u662f\u6211\u4e4b\u524d\u95fb\u6240\u672a\u95fb\uff0c\u611f\u89c9\u8fd8\u662f\u975e\u5e38\u65b0\u5947\u8ddf\u6709\u60f3\u8c61\u529b\u7684\u3002\u4e4b\u524d\u6709\u80a1\u7968\u7248\u672c\u7684 BTC \u548c\u5fae\u7b56\u7565\uff0c\u540e\u9762\u6709 DeFi \u7248\u672c\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u6211\u611f\u89c9\u8fd9\u4e2a\u786e\u5b9e\u5f88\u6709\u610f\u601d\u3002\u90a3\u8fd8\u662f\u56de\u5230\u90a3\u4e9b\u5927\u578b\u7684\u91d1\u878d\u673a\u6784\u5bf9\u4e8e DeFi \u4e8b\u60c5\u7684\u770b\u6cd5\u6765\u8bf4\u3002\u4ed6\u4eec\u73b0\u5728\u53ef\u80fd\u66f4\u591a\u50cf\u60a8\u6240\u8bf4\u7684\uff0c\u914d\u7f6e\u4e00\u4e2a\u6bd4\u7279\u5e01\u7684\u901a\u9053\uff0c\u8ba9\u81ea\u5df1\u7684\u5ba2\u6237\u53ef\u4ee5\u53bb\u4e70\uff0c\u4ed6\u4eec\u66f4\u591a\u662f\u505a\u4e00\u4e2a\u8d44\u7ba1\u3002\u60a8\u89c9\u5f97\u4ed6\u4eec\u81ea\u5df1\u4e0b\u573a\u53bb\u505a DeFi \u76f8\u5173\u7684\u91d1\u878d\u5e94\u7528\uff0c\u6bd4\u5982\u8bf4\u53bb\u505a\u4e00\u4e2a\u53ef\u80fd\u66f4\u597d\u7248\u672c\u7684 Aave\uff0c \u50cf\u505a\u8fd9\u6837\u7684\u4e1a\u52a1\u7684\u53ef\u80fd\u6027\u5927\u4e0d\u5927\uff1f\u6bd4\u5982\u8bf4\u50cf\u8d1d\u83b1\u5fb7\u6216\u8005\u8bf4\u4e00\u4e9b\u522b\u7684\u91d1\u878d\u673a\u6784\u3002<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5176\u5b9e\u6211\u4eec\u770b\u5230\u4f20\u7edf\u7684\u50cf\u6469\u6839\u5927\u901a\uff0c\u4ed6\u4eec\u5185\u90e8\u6709\u81ea\u5df1\u7684\u533a\u5757\u94fe\u7cfb\u7edf\u3002\u5f53\u7136\u8fd9\u4e2a\u662f\u6ca1\u6709\u8fde\u63a5\u516c\u94fe\u7684\u3002\u8fd9\u91cc\u9762\u7528\u7684\u6700\u591a\u7684\u5c31\u662f\u505a\u5916\u6c47\u7684\u7ed3\u7b97\u3002\u4f60\u53ef\u4ee5\u8ba4\u4e3a\u5b83\u7684\u6574\u4e2a\u6a21\u5f0f\u8ddf Curve \u7684\u6a21\u5f0f\u4e5f\u6ca1\u6709\u592a\u591a\u533a\u522b\uff0c\u6216\u8005\u5728 Uniswap \u7684\u6c60\u5b50\u91cc\u9762\uff0c\u4e5f\u6ca1\u6709\u592a\u591a\u533a\u522b\u3002\u4f46\u8fd9\u7c7b\u5e94\u7528\u5176\u5b9e\u66f4\u591a\u662f\u94f6\u884c\u95f4\u7684\u6e05\u7b97\uff0c\u6211\u89c9\u5f97\u8fd9\u4e00\u70b9\u662f\u4ed6\u7b2c\u4e00\u6b65\u53ef\u80fd\u8981\u505a\u7684\u3002\u7136\u540e\u4e0b\u4e00\u6b65\u5c31\u662f\u600e\u4e48\u5f80\u516c\u94fe\u63a8\uff0c\u7528\u516c\u94fe\u7684\u57fa\u7840\u8bbe\u65bd\u6765\u505a\u3002\u8fd9\u4e5f\u662f\u56de\u5230\u6211\u4eec\u524d\u9762\u8bb2\u7684\uff0c\u5176\u5b9e\u6211\u89c9\u5f97\u6574\u4e2a\u516c\u94fe\u7684\u7ade\u8d5b\uff0c\u6bd4\u5982\u8bf4\u662f Solana \u8fd9\u79cd\u5355\u4e00\u94fe\u7684\u6a21\u5f0f\uff0c\u8fd8\u662f\u6211\u4eec\u8d70\u4ee5\u592a\u574a\u591a\u5c42\u7684\u6a21\u5f0f\uff0c\u6700\u5173\u952e\u7684\u70b9\u662f\u8fd9\u4e9b\u91d1\u878d\u4f01\u4e1a\u5c06\u6765\u4f1a\u4ee5\u4ec0\u4e48\u59ff\u6001\u63a5\u5165\u5230\u516c\u94fe\u6765\u3002\u5982\u679c\u4ed6\u8981\u4ee5\u53ef\u63a7\u7684\u65b9\u5f0f\u6765\u505a\u7684\u8bdd\uff0c\u4ed6\u5fc5\u987b\u81ea\u5df1\u53d1\u4e00\u4e2a layer2 \u6216\u8005 layer3\uff0c\u7136\u540e\u518d\u63a5\u5165\u5230\u516c\u7f51\u53bb\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u5c06\u6765\u4ed6\u8981\u8fdb\u5165 DeFi \u7684\u8bdd\uff0c\u4e5f\u80af\u5b9a\u662f\u53ef\u63a7\u7684\uff0c\u5c31\u662f\u5728\u4e00\u4e2a permission \u7684\u94fe\u91cc\u9762\u3002\u6211\u89c9\u5f97\u53ef\u80fd\u4f1a\u7279\u522b\u50cf\u73b0\u5728 Coinbase \u548c Kraken \u7684\u6a21\u5f0f\uff0c\u4f46\u662f\u4f1a\u6bd4\u4ed6\u4eec\u66f4\u4fdd\u5b88\u3002\u8fd9\u662f\u6211\u89c9\u5f97\u4ed6\u4eec\u4e0b\u573a\u7684\u73a9\u6cd5\u7684\u6838\u5fc3\uff0c\u4ed6\u4eec\u6bd4\u4ed6\u4eec\u66f4\u4fdd\u5b88\u3002\u56e0\u4e3a Coinbase \u6bd5\u7adf\u8fd8\u662f\u4e2a\u5e01\u5708\u7684\u4f01\u4e1a\u3002\u4f46\u662f\u4f60\u53d1\u73b0 Coinbase \u5176\u5b9e\u6bd4\u5e01\u5b89\u8fd8\u662f\u66f4\u4fdd\u5b88\u7684\u3002\u5e01\u5b89\u5728\u505a BSC \u7684\u65f6\u5019\uff0c\u5176\u5b9e\u5f88\u591a\u73a9\u6cd5\u6bd4 Coinbase \u8fd8\u8981\u66f4\u52a0\u6fc0\u8fdb\u7684\u3002\u4e3a\u4ec0\u4e48\u6fc0\u8fdb\u5462\uff1f\u56e0\u4e3a\u5e01\u5b89\u53ef\u80fd\u6709\u81ea\u5df1\u7684\u4e00\u4e9b DeFi \u7684\u9879\u76ee\uff0c\u53ef\u80fd\u81ea\u5df1\u5b75\u5316\u6216\u8005\u81ea\u5df1\u505a\u7684\uff0c\u4f46 Coinbase 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\u4e5f\u597d\uff0c\u4ed6\u4eec\u57fa\u672c\u4e0a\u90fd\u65e0\u4e00\u4f8b\u5916\u9009\u4e86 OP \u7684 stack\uff0c\u57fa\u672c\u4e0a\u90fd\u8fdb\u5165\u4e86 Superchain \u7684\u4e00\u4e2a\u5927\u751f\u6001\u3002\u6211\u542c\u60a8\u524d\u9762\u7684\u610f\u601d\uff0c\u5176\u5b9e\u4e5f\u89c9\u5f97\u8fd9\u79cd\u5927\u578b\u91d1\u878d\u673a\u6784\u8981\u81ea\u5df1\u53bb\u505a\u94fe\u7684\u8bdd\uff0c\u9009\u62e9\u4ee5\u592a\u574a\u5927\u751f\u6001\u53bb\u505a\u7684\u53ef\u80fd\u6027\u4e5f\u662f\u66f4\u5927\u4e00\u4e9b\uff0c\u5bf9\u5427\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5bf9\uff0c\u6211\u89c9\u5f97\u5176\u5b9e\u5bf9\u4e8e\u4f60\u8bf4\u7684\u6240\u8c13\u94fe\u7684\u6027\u80fd\u8fd9\u4e2a\u5c42\u9762\uff0c\u5bf9\u4e8e\u4ee5\u592a\u574a\u73b0\u5728 Layer 2 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\u6210\u4e00\u4e2a\u5b64\u5c9b\uff0c\u53ef\u80fd\u4e0d\u4f1a\u6bd4\u5728\u73b0\u4ee3\u7684 Layer 2 \u67b6\u6784\u91cc\u9762\u6709\u66f4\u597d\u7684\u4ef7\u503c\u3002<\/p>\n<h2>\u5370\u8c61\u6df1\u523b\u7684\u9879\u76ee\u548c\u8bc4\u5224\u7ef4\u5ea6<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u6211\u611f\u89c9\u8fd9\u662f\u6211\u8fd1\u671f\u542c\u5230\u7684\u6bd4\u8f83\u6709\u6df1\u5ea6\u7684\uff0c\u5173\u4e8e\u4ee5\u592a\u574a\u8fd9\u4e2a\u751f\u6001\u76f8\u5bf9\u4e8e SOL \u6765\u8bf4\u7684\u62a4\u57ce\u6cb3\u662f\u4ec0\u4e48\u7684\u4e00\u4e2a\u5f88\u65b0\u9896\u4e5f\u5f88\u6709\u6d1e\u5bdf\u7684\u89c2\u70b9\u3002\u521a\u521a\u60a8\u4e5f\u8c08\u5230\u4e86\uff0c\u5176\u5b9e\u5728\u8fd9\u4e00\u8f6e\u5f53\u4e2d\u4e5f\u770b\u5230\u4e86\u4e00\u4e9b\u65b0\u7684\u4ea7\u54c1\u3002\u90a3\u4e48\u5728\u8fd1\u4e00\u5e74\u5f53\u4e2d\uff0c\u6709\u54ea\u4e9b\u4ea7\u54c1\u7ed9\u60a8\u7559\u4e0b\u4e86\u6bd4\u8f83\u6df1\u523b\u7684\u5370\u8c61\uff0c\u4e0d\u7ba1\u662f\u8001\u9879\u76ee\u7684\u65b0\u53d1\u5c55\uff0c\u8fd8\u662f\u8bf4\u65b0\u9879\u76ee\u7684\u5192\u5934\u3002<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u65b0\u9879\u76ee\u5192\u5934\u6211\u524d\u9762\u63d0\u5230\u4e24\u4e2a\uff0cPendle \u548c Ethena\u3002\u5176\u5b9e Pendle \u8fd9\u4e2a\u6a21\u5f0f\u6211\u89c9\u5f97\u633a\u6ce2\u6298\u7684\uff0c\u56e0\u4e3a\u6700\u65e9\u7684\u65f6\u5019\u4ed6\u4eec\u51fa\u6765\u8bf4\u505a\u6240\u8c13\u7684\u56fa\u5b9a\u548c\u6d6e\u52a8\u5229\u7387\u7684\u4ea7\u54c1\uff0c\u6211\u5f53\u65f6\u770b\u8fc7\u3002\u56e0\u4e3a\u6211\u662f\u4f20\u7edf\u91d1\u878d\u51fa\u6765\uff0c\u6211\u89c9\u5f97\u5b83\u7279\u522b\u4e0d\u597d\u7684\u8bbe\u8ba1\u5728\u4e8e\u5b83\u6709\u5230\u671f\u65e5\u3002\u6211\u4e00\u76f4\u6709\u4e00\u4e2a\u7279\u522b\u5927\u7684\u504f\u89c1\uff0c\u6211\u8ba4\u4e3a\u5728 DeFi \u91cc\u9762\u505a\u6709\u5230\u671f\u65e5\u7684\u4ea7\u54c1\u57fa\u672c\u90fd\u662f\u6b7b\u8def\u4e00\u6761\uff0c\u80af\u5b9a\u641e\u4e0d\u4e0b\u53bb\u3002\u5305\u62ec\u4e4b\u524d\u6709\u5f88\u591a\u505a\u8fd9\u79cd\u5230\u671f\u65e5\u7684\u671f\u6743\u4ea4\u6613\uff0c\u6216\u8005\u662f\u671f\u8d27\u4ea4\u6613\u8fd9\u79cd option 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\u8fd9\u4e2a\u6a21\u5f0f\u5c31\u662f\u7ec8\u5c40\u6a21\u5f0f\uff0c\u6211\u89c9\u5f97\u65e0\u8bba\u662f\u5229\u7387\u4e92\u6362\u8fd8\u662f\u505a\u56fa\u6536\u7c7b\u4ea7\u54c1\uff0c\u6700\u7ec8\u53ef\u80fd\u8fd8\u662f\u6709\u4e00\u4e2a\u6c38\u7eed\u7c7b\u7684\uff0c\u6bd4\u5982\u8bf4\u505a\u6c38\u7eed\u7c7b\u7684\u8fd9\u79cd\u56fa\u6536\u548c\u53ef\u53d8\u6536\u76ca\u7684\u5206\u62c6\u3002\u5c31\u6709\u70b9\u50cf\u6c38\u7eed\u5408\u7ea6\u90a3\u6837\uff0c\u5927\u5bb6\u53ef\u4ee5\u4e00\u76f4\u4ea4\u6613\uff0c\u800c\u4e0d\u662f\u8bf4\u5230\u671f\u540e\u6211\u5c31\u8981\u91cd\u65b0\u518d roll \u6211\u7684 position\u3002\u6211\u89c9\u5f97\u6709\u53ef\u80fd Pendle \u4e5f\u5728\u505a\u65b0\u7684\u4e1c\u897f\u3002\u6211\u89c9\u5f97\u8fd9\u4e2a\u8d5b\u9053\u786e\u5b9e\u5728\u8fd9\u4e2a\u5468\u671f\u770b\u8d77\u6765\u771f\u7684\u627e\u5230\u4e86\u4ed6\u6240\u8c13\u7684 product market fit \u7684\u4e00\u4e2a\u5f88\u91cd\u8981\u7684\u5e94\u7528\u3002\u53e6\u5916 Ethena\uff0c\u6211\u89c9\u5f97\u4ed6\u628a\u6211\u4eec\u4e60\u4ee5\u4e3a\u5e38\u7684\u4e00\u4e2a\u4ea4\u6613\u7b56\u7565\u53d8\u6210\u4e86\u5927\u5bb6\u666e\u7f57\u5927\u4f17\u90fd\u80fd\u7528\u7684\uff0c\u800c\u4e14\u73b0\u5728\u589e\u957f\u5230\u4e86 50 \u4ebf\u7f8e\u91d1\u7684\u5934\u5bf8\u3002\u6211\u89c9\u5f97\u786e\u5b9e\u628a\u6574\u4e2a\u6536\u76ca\u5e02\u573a\u7684\u4ee3\u5e01\u5316\uff0c\u4ed6\u4eec\u73b0\u5728\u505a\u7684\u4ece token \u5c42\u9762\u6765\u8bb2\uff0c\u8fd8\u662f\u4ece\u6563\u6237\u7684\u53ef\u89e6\u8fbe\u5ea6\u6765\u8bb2\uff0c\u90fd\u505a\u7684\u662f\u6700\u597d\u7684\u3002\u800c\u4e14\u73b0\u5728\u6211\u4eec\u770b\u5230\uff0c\u4ed6\u4eec\u8fd9\u4e2a\u4ea7\u54c1\u51fa\u6765\u4e4b\u540e\uff0c\u73b0\u5728\u4ea4\u6613\u6240\u5168\u90fd\u5728\u505a\uff0c\u5305\u62ec\u5e01\u5b89\u4e5f\u63a8\u51fa\u6765\u4e86 FDUSD\uff0c\u8fd8\u6709\u5305\u62ec\u6211\u770b\u5230\u8fd9\u8fb9 OKX\u3001\u5e01\u5b89\uff0c\u4ed6\u4eec\u501f\u8d37\u5e02\u573a\u7684\u5229\u7387\u5176\u5b9e\u4e5f\u57fa\u672c\u662f\u951a\u5b9a\u4e86\u8fd9\u4e2a\u8d39\u7387\u5957\u5229\u7684\u57fa\u7840\u56de\u62a5\u3002\u6240\u4ee5\u5176\u5b9e\u4ea4\u6613\u6240\u4e5f\u90fd\u5728\u5b66\u8fd9\u4e2a\u7b56\u7565\u3002\u6240\u4ee5\u8fd9\u4e24\u4e2a\u4ea7\u54c1\uff0c\u6211\u89c9\u5f97\u662f\u8fd9\u4e2a\u5468\u671f\u4ece\u521b\u65b0\u6027\u4e0a\u8bb2\uff0c\u786e\u5b9e\u662f\u771f\u80fd\u627e\u5230\u4e00\u4e2a\u6bd4\u8f83\u597d\u7684\u7acb\u8db3\u70b9\u7684\u3002\u53e6\u5916\u662f\u56fd\u503a\u7684\u4e0a\u94fe\u8fd9\u5757\uff0c\u5176\u5b9e\u8fd9\u4e2a\u5468\u671f\u6211\u4eec\u770b\u5230\u5728 DeFi \u91cc\u9762\uff0c\u662f\u8ddf DeFi summer \u7684\u65f6\u5019\u5b8c\u5168\u4e0d\u4e00\u6837\u3002DeFi summer \u7684\u65f6\u5019\u771f\u7684\u5c31\u662f\u5927\u5bb6\u9760\u8865\u8d34\u51fa\u6765\u7684\uff0c\u6ca1\u6709\u6240\u8c13\u7684 real yield\u3002\u4f46\u662f\u6211\u4eec\u770b\u5230\u8fd9\u4e2a\u5468\u671f MakerDAO \u73b0\u5728\u5927\u91cf\u6536\u76ca\u90fd\u662f\u9760\u5e95\u5c42\u7684\u56fd\u503a\u7684\u6536\u76ca\u505a\u4e00\u4e2a\u4f20\u5bfc\u3002\u8fd9\u4e00\u70b9\u4e0a\u4e5f\u662f\u56de\u5230\u6211\u4eec\u524d\u9762\u8bb2\u7684\uff0c\u5176\u5b9e\u8fd9\u4e2a\u4e1c\u897f\u53eb DeFi \u5417\uff1f\u6309\u7167\u4f20\u7edf\u5b9a\u4e49\u4e0d\u53eb DeFi\u3002\u4f46\u662f\u8fd9\u4e2a\u5468\u671f\u5c31\u662f\u51fa\u73b0\u6211\u4eec\u8bf4\u7684\uff0c\u53eb\u505a De-CeFi \u7684\u7ed3\u5408\u3002\u6bd4\u5982\u6211\u4eec\u521a\u624d\u8bf4 Ethena \uff0c\u5b83\u7684\u5934\u5bf8\u5168\u90e8\u90fd\u5728\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff0c\u7136\u540e MakerDAO \u7684\u56fd\u503a\u5168\u90fd\u662f\u5728\u7ebf\u4e0b\u4fe1\u6258\u505a\u6258\u7ba1\u7684\uff0c\u7406\u8bba\u4e0a\u4e5f\u662f\u5f88\u4e2d\u5fc3\u5316\u7684\u4e1c\u897f\u3002\u4f46\u662f\u4f60\u53d1\u73b0\u5176\u5b9e\u8fd9\u79cd\u6240\u8c13\u7684\u4e2d\u5fc3\u5316\u548c\u534a\u4e2d\u5fc3\u5316\u7684\u7ed3\u5408\u53cd\u800c\u89e3\u51b3\u4e86\u5f88\u591a\u771f\u5b9e\u6536\u76ca\u7684\u95ee\u9898\uff0c\u56e0\u4e3a\u8fd9\u4e9b\u90fd\u662f\u771f\u5b9e\u6536\u76ca\uff0c\u4e00\u4e2a\u6765\u81ea\u4e8e\u6760\u6746\u5e02\u573a\uff0c\u4e00\u4e2a\u6765\u81ea\u4e8e\u7f8e\u56fd\u56fd\u503a\u7684\u6536\u76ca\uff0c\u7136\u540e\u901a\u8fc7\u8fd9\u79cd\u771f\u5b9e\u6536\u76ca\u901a\u8fc7 DeFi \u7684\u5206\u53d1\u8ba9\u7528\u6237\u53bb\u83b7\u5f97\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u6574\u4e2a DeFi \u7684\u6f14\u8fdb\uff0c\u6211\u4eec\u770b\u5230\u4ece\u7eaf\u7cb9\u7684\u8fd9\u79cd\u6240\u8c13\u7684\u539f\u6559\u65e8\u7684\u5b9a\u4e49\u5230\u73b0\u5728\u6bd4\u8f83\u52a1\u5b9e\u6d3e\u7684\u6df7\u5408\u4f53\uff0c\u4e5f\u662f\u8fd9\u4e2a\u5468\u671f\u5f88\u6709\u610f\u601d\u7684\u4e00\u4e2a\u70b9\u3002\u53e6\u5916\u6700\u8fd1\u4e00\u5e74\u591a\u51fa\u73b0\u7684\u4e00\u4e2a\u73b0\u8c61\uff0c\u5c31\u662f\u4ee5\u524d\u6211\u4eec\u770b\u5230 DeFi \u90fd\u662f\u6709\u5e01\u7684\uff0c\u4e00\u5b9a\u8981\u53d1\u5e01\u3002\u6211\u4eec\u73b0\u5728\u770b\u5230 Polymarket\u3001Pump.fun \u5728\u6ca1\u6709\u53d1\u5e01\u7684\u65f6\u5019\u5c31\u6709\u975e\u5e38\u5f3a\u7684\u6240\u8c13\u7684\u6536\u5165\u9700\u6c42\u3002\u8fd9\u8868\u660e\u4e86\u4e00\u4e2a\u4ec0\u4e48\u8d8b\u52bf\uff1f\u5c31\u662f\u50cf Polymarket \u548c Pump.fun \u5982\u679c\u6ca1\u6709\u4e00\u4e2a\u597d\u7684\u57fa\u7840\u8bbe\u65bd\u662f\u51fa\u4e0d\u6765\u7684\u3002\u8fd9\u4e24\u4e2a\u5e94\u7528\u90fd\u4f9d\u8d56\u4e8e\u4e00\u4e2a\u597d\u7684\u57fa\u7840\u8bbe\u65bd\uff0cPolymarket \u57fa\u4e8e Polygon\uff0cPump.fun \u662f\u57fa\u4e8e Solana \u7684\u3002\u6240\u4ee5\u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c\u968f\u7740\u73b0\u5728\u6211\u4eec\u6240\u8c13\u7684 Layer 2 \u548c\u65b0\u653b\u7565\u7684\u6027\u80fd\u8d8a\u6765\u8d8a\u597d\uff0c\u4f1a\u51fa\u73b0\u4e00\u5927\u5806\u4e0d\u9700\u8981\u4ee3\u5e01\u7684\uff0c\u53ef\u80fd\u5b8c\u5168\u4e0d\u9700\u8981\u4ee3\u5e01\uff0c\u4f46\u662f\u540c\u65f6\u53c8\u63d0\u4f9b\u8db3\u591f\u591a\u7684\u4f7f\u7528\u4ef7\u503c\u7684 DeFi \u5e94\u7528\u3002\u8fd9\u4e2a\u6211\u4eec\u73b0\u5728\u770b\u7279\u522b\u660e\u663e\u3002\u56de\u5230\u6211\u521a\u8bf4\u7684\uff0c\u6211\u8bf4 DeFi \u7684\u7b2c\u4e00\u6027\u539f\u7406\u5c31\u662f\uff0c\u968f\u7740\u6027\u80fd\u8d8a\u6765\u8d8a\u597d\uff0c\u4f1a\u6d8c\u73b0\u51fa\u4e00\u4e9b\u9700\u8981\u4f9d\u8d56\u4e8e\u8fd9\u79cd\u9ad8\u6027\u80fd\u94fe\u7684\u5e94\u7528\uff0c\u6bd4\u5982\u8bf4\u6211\u4eec\u521a\u521a\u8bf4 Polymarket \u548c Pump.fun \u5c31\u662f\u5178\u578b\u7684\u8fd9\u79cd\u7c7b\u578b\u7684\u5e94\u7528\u3002\u6211\u89c9\u5f97\u5c06\u6765\u53ef\u80fd\u4f1a\u51fa\u73b0\u5927\u91cf\u7684\u8fd9\u79cd\u3002\u5305\u62ec\u6211\u4eec\u73b0\u5728\u770b\u5230\u5f88\u591a Trading Bot \u6ca1\u6709\u5e01\u7684\uff0c\u4f46\u662f Trading Bot \u7279\u522b\u8d5a\u94b1\u3002\u5b83\u8ddf Pump.fun \u4e00\u6837\u53ef\u4ee5\u4e00\u5468\u8d5a 100 \u4e07\u3001200 \u4e07\u7f8e\u91d1\u7684\u3002\u5bf9\u8fd9\u4e00\u70b9\u4e0a\u6211\u89c9\u5f97\u662f\u8ddf\u6211\u4eec\u8bf4\u7684\u524d\u9762\u4e24\u4e2a\u5468\u671f\u7279\u522b\u4e0d\u4e00\u6837\u7684\u3002\u4ee5\u524d\u7684\u4e24\u4e2a\u5468\u671f\uff0c\u5982\u679c\u6ca1\u6709\u4ee3\u5e01\uff0c\u57fa\u672c\u5f88\u96be\u542f\u52a8\u4e00\u4e2a\u9879\u76ee\u3002\u4f46\u662f\u6211\u4eec\u73b0\u5728\u770b\u5230\u5927\u91cf\u7684\u8fd9\u7c7b\u578b\u7684\u5e94\u7528\uff0c\u5176\u5b9e\u5b8c\u5168\u4e0d\u9700\u8981\u4ee3\u5e01\uff0c\u4e5f\u627e\u5230\u5b83\u7684\u5e02\u573a\u9700\u6c42\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u60a8\u4f5c\u4e3a\u4e00\u4e2a\u6295\u8d44\u4eba\u53bb\u6295\u8d44\u4e00\u4e2a DeFi \u9879\u76ee\uff0c\u4f1a\u91cd\u70b9\u8003\u5bdf\u5b83\u7684\u54ea\u4e9b\u7ef4\u5ea6\uff0c\u6216\u8005\u8bf4\u60a8\u89c9\u5f97\u6bd4\u8f83\u5178\u578b\u7684 DeFi \u9879 \u76ee\u7684\u62a4\u57ce\u6cb3\u6709\u54ea\u4e00\u4e9b\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u6211\u89c9\u5f97\u770b\u6295\u8d44\u5468\u671f\u7684\u957f\u77ed\u3002\u5982\u679c\u8bf4\u4ec5\u4ec5\u662f\u770b\u4e00\u4e24\u5e74\u7684\u5468\u671f\u7684\u8bdd\uff0c\u53ef\u80fd\u662f\u90a3\u79cd narrative driven \u7684\uff0c\u5c31\u662f\u53d9\u4e8b driven \u7684\u4f1a\u591a\u4e00\u70b9\uff0c\u6bd4\u5982\u8bf4\u6295\u4e00\u4e9b\u6bd4\u8f83\u70ed\u95e8\u7684\u4e00\u4e9b\u673a\u5236\u7684 DeFi \u9879\u76ee\u3002\u4f46\u662f\u4ece\u6211\u7684\u89d2\u5ea6\uff0c\u6211\u66f4\u591a\u770b\u66f4\u957f\u5468\u671f\uff0c\u5c31\u662f\u8de8\u5468\u671f\u3002\u6211\u4eec\u5982\u679c\u4ece\u957f\u5468\u671f\u7684\u89d2\u5ea6\u770b\u7684\u8bdd\uff0c\u8981\u771f\u6b63\u80fd\u591f survive \u51e0\u4e2a\u5468\u671f\u7684\u9879\u76ee\u3002\u4ee5\u524d\u6211\u89c9\u5f97\u793e\u533a\u5f88\u91cd\u8981\uff0c\u597d\u50cf\u662f\u4e00\u5b9a\u8981\u7279\u522b\u5f3a\u7684\u793e\u533a\u7684\u9a71\u52a8\uff0c\u4f46\u662f\u6211\u73b0\u5728\u53d1\u73b0 DeFi \u9879\u76ee\u53cd\u800c\u793e\u533a\u53ef\u80fd\u4e0d\u662f\u6700\u5173\u952e\u7684\u3002\u56e0\u4e3a\u6211\u4eec\u73b0\u5728\u770b\u5230\u4f30\u503c\u6700\u9ad8\u3001\u62a4\u57ce\u6cb3\u6700\u9ad8\u7684\u51e0\u4e2a DeFi \u9879\u76ee\u5176\u5b9e\u8ddf\u793e\u533a\u53ef\u80fd\u5173\u7cfb\u4e0d\u5927\u3002\u6bd4\u5982\u8bf4 Uniswap \u73b0\u5728\u767e\u4ebf\u7f8e\u91d1\u7684\u5e02\u503c\u4e86\uff0cUniswap \u6709\u5927\u91cf\u7528\u6237\uff0c\u4f46\u5f88\u96be\u8bf4\u5b83\u6709\u4e2a\u793e\u533a\u3002AAVE \u4e0d\u4e00\u6837\uff0cAAVE \u662f\u6709\u4e00\u5b9a\u793e\u533a\u7684\uff0c\u4f60\u53ef\u4ee5\u770b\u5230\u8bba\u575b\u91cc\u9762\u8ba8\u8bba\u3002\u4f46\u662f Uniswap \u6211\u89c9\u5f97\u5305\u62ec AAVE\u3001Maker\uff0c\u8fd9\u51e0\u4e2a\u9879\u76ee\u6700\u540e\u5927\u7684\u62a4\u57ce\u6cb3\u6709\u4e24\u65b9\u9762\uff0c\u4e00\u4e2a\u5f53\u7136\u662f\u6301\u7eed\u521b\u65b0\uff0c\u6bcf\u6b21\u90fd\u662f\u6bd4 cycle \u66f4\u8fdb\u4e00\u6b65\u7684\u521b\u65b0\u3002\u4ed6\u4eec\u8fd8\u6709\u4e00\u4e2a\u5173\u952e\u70b9\u662f\u54c1\u724c\u7279\u522b\u5389\u5bb3\u3002\u73b0\u5728\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5 fork Uniswap\uff0cV1 V2 V3\uff0c\u628a\u5b83 fork \u8d77\u6765\u3002\u6211\u89c9\u5f97 Uniswap \u73b0\u5728\u7684\u5e02\u503c\u91cc\u9762\uff0c\u53ef\u80fd\u6709 60%\u300170% \u662f\u5b83\u7684\u54c1\u724c\u5e26\u6765\u7684\u3002\u800c\u8fd9\u4e00\u70b9\u662f\u522b\u4eba fork \u4e0d\u8d70\u7684\uff0c\u6211\u89c9\u5f97\u8fd9\u51e0\u4e2a\u9879\u76ee\u57fa\u672c\u90fd\u505a\u5230\u4e86\u3002\u5f53\u7136\u5728 DeFi \u91cc\u9762\uff0c\u5176\u5b9e\u4f60\u8981\u6709\u54c1\u724c\u7684\u8bdd\uff0c\u8fd8\u53d6\u51b3\u4e8e\u4e24\u4e2a\uff0c\u4e00\u4e2a\u662f\u6211\u521a\u624d\u8bb2\u7684\u6301\u7eed\u521b\u65b0\u3002\u4f46\u662f\u4f60\u4e0d\u4e00\u5b9a\u7b2c\u4e00\u4e2a\u521b\u65b0\uff0c\u6bd4\u5982\u8bf4 AAVE \u5b83\u4e0d\u662f\u7b2c\u4e00\u4e2a\u521b\u65b0\uff0c\u4f46\u662f\u5b83\u662f\u6301\u7eed\u4ece 19 \u5e74\u5230\u73b0\u5728\u505a\uff0cCompound \u53cd\u800c\u4e0d\u505a\u4e86\u3002Compound \u73b0\u5728\u521b\u59cb\u4eba\u51fa\u6765\u505a\u53e6\u5916\u7684\u9879\u76ee\u53bb\u4e86\u3002\u771f\u6b63 DAO \u5316\u4e4b\u540e\u73b0\u5728 Compound \u521b\u65b0\u5f88\u5c11\uff0c\u4f46\u662f AAVE \u5176\u5b9e\u6bcf\u4e00\u4e2a\u5468\u671f\u8fd8\u5728\u4e0d\u65ad\u521b\u65b0\u3002 \u53e6\u5916\u4e00\u4e2a\u5c31\u662f DeFi\uff0c\u6211\u89c9\u5f97\u6700\u6838\u5fc3\u7684\u662f\u5b89\u5168\uff0cUniswap \u6ca1\u6709\u53d1\u751f\u8fc7\u5b89\u5168\u4e8b\u6545\uff0cCompound\uff0cMaker \u548c AAVE \u90fd\u53d1\u751f\u8fc7\uff0c\u4f46\u81f3\u5c11\u8fd9\u4e9b\u5b89\u5168\u4e8b\u4ef6\u6ca1\u6709\u8ba9\u4ed6\u4eec\u8d77\u4e0d\u6765\u3002\u6240\u4ee5\u6211\u89c9\u5f97\u8fd9\u4e24\u70b9\u505a\u5230\u7684\u65f6\u5019\uff0c\u5b83\u7684\u54c1\u724c\u4ef7\u503c\u968f\u7740\u6bcf\u4e2a\u5468\u671f\u8d70\uff0c\u5176\u5b9e\u662f\u4e0d\u65ad\u52a0\u5f3a\u3002\u8fd9\u4e00\u70b9\u4e0a\u6211\u89c9\u5f97\u662f\u5b83\u6700\u5927\u7684\u62a4\u57ce\u6cb3\u3002\u4f60\u5f88\u96be\u770b\u5230\u4e0b\u9762\u5176\u4ed6\u9879\u76ee\uff0c\u800c\u4e14\u4f60\u770b\u5230\u73b0\u5728\u96c6\u4e2d\u5ea6\u8d8a\u6765\u8d8a\u9ad8\u7684\u9879\u76ee\uff0c\u90fd\u662f\u8fd9\u79cd\u54c1\u724c\u8ba4\u77e5\u5ea6\u975e\u5e38\u9ad8\u7684\u9879\u76ee\u3002<\/p>\n<h2>\u914d\u7f6e Defi \u9879\u76ee\u7684\u539f\u5219<\/h2>\n<p><strong>Alex<\/strong>\uff1a\u60a8\u5728\u5177\u4f53\u7684\u4e8c\u7ea7\u8d44\u4ea7\u914d\u7f6e\u4e0a\uff0c\u9664\u4e86 BTC\u3001\u4ee5\u592a\u574a\uff0c\u6211\u4eec\u6240\u8bf4\u7684\u4e00\u4e9b\u84dd\u7b79\u578b\u9009\u62e9\uff0cDeFi \u8fd9\u7c7b\u7684\u9879\u76ee\uff0c\u5c24\u5176\u662f\u4e00\u4e9b\u9f99\u5934\u9879\u76ee\uff0c\u4f1a\u5728\u60a8\u6295\u8d44\u7684\u914d\u7f6e\u6e05\u5355\u5f53\u4e2d\u5417\uff1f\u6211\u4eec\u8fd8\u662f\u8c08\u957f\u5468\u671f\u3002<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u6211\u57fa\u672c\u4e0a\u4e0d\u4f1a\u914d\u3002\u6211\u4e0d\u914d\u6709\u4e00\u4e2a\u6839\u672c\u539f\u56e0\u5728\u4e8e\u6211\u4eec\u672c\u6765\u5c31\u505a DeFi \u7684\uff0c\u672c\u6765\u5c31\u6295\u4e86\u65f6\u95f4\u548c\u7cbe\u529b\u5728\u8fd9\u4e2a set up \u91cc\u9762\u53bb\u3002\u6240\u4ee5\u8fd9\u4e00\u70b9\u4e0a\u53ef\u80fd\u662f\u6211\u8ddf\u5176\u4ed6\u6295\u8d44\u4eba\u4e00\u4e2a\u6bd4\u8f83\u5927\u7684\u533a\u522b\uff0c\u5c31\u662f\u6211\u4eec\u6ca1\u5fc5\u8981\u53bb double \u8fd9\u4e2a\u4e1c\u897f\u4e86\uff0c\u66f4\u591a\u8fd8\u662f\u5728\u516c\u94fe\u7684\u914d\u7f6e\u4f1a\u591a\u4e00\u70b9\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u4e86\u89e3\uff0c\u90a3\u5982\u679c\u8bf4\u4e00\u4e2a\u666e\u901a\u7684 Web3 \u6295\u8d44\u4eba\uff0c\u53ef\u80fd\u4ed6\u7684 portfolio \u91cc\u9762\u6709 BTC\u3001\u4ee5\u592a\u574a\uff0c\u7136\u540e\u4e5f\u6709\u4e00\u4e9b\u516c\u94fe\u7684\u4ee3\u5e01\u3002\u60a8\u89c9\u5f97 DeFi \u4e4b\u7c7b\u7684\u9879\u76ee\u5e94\u8be5\u6210\u4e3a\u5927\u90e8\u5206\u666e\u901a\u6295\u8d44\u8005\u6295\u8d44\u5f53\u4e2d\u7684\u4e00\u90e8\u5206\u5417\uff1f<\/p>\n<p><strong>\u6c11\u9053<\/strong>\uff1a\u5176\u5b9e\u6211\u4e4b\u524d\u5206\u4eab\u8fc7\uff0c\u6211\u89c9\u5f97\u6295\u8d44\u91cc\u9762\u5f88\u91cd\u8981\u7684\u8fd8\u662f\u6295\u8d44\u7ec4\u5408\u3002\u6bd4\u5982\u8bf4\u5728 13 \u5e74\u8fdb\u5e01\u5708\u7684\u65f6\u5019\u3002\u6211\u5f53\u65f6\u5c31\u8bf4\u4e86\uff0c\u6211\u7684\u6295\u8d44\u7ec4\u5408\u9664\u4e86\u6bd4\u7279\u5e01\u4e4b\u5916\uff0c30% \u6295\u4e00\u4e9b\u4e71\u4e03\u516b\u7cdf\u7684\u9879\u76ee\uff0c\u4e00\u5b9a\u662f\u975e\u6bd4\u7279\u5e01\u7684\u9879\u76ee\u3002\u5f53\u65f6\u6295\u4e86\u5f88\u591a\uff0c14 \u5e74\u7684\u65f6\u5019\u6295\u4e86\u4ee5\u592a\u574a\u7684 ICO\uff0c\u5c31\u8d4c\u4e86\u4ee5\u592a\u574a\u3002\u9664\u4e86\u4ee5\u592a\u574a\u7684 ICO \u8fd8\u6709\u5f88\u591a\uff0c\u90a3\u4e2a\u65f6\u5019\u5927\u6982\u4e09\u56db\u4e2a\u3002\u90a3\u65f6\u5019 ICO \u5f88\u5c11\uff0c13\u300114 \u5e74\u7684\u65f6\u5019\u7279\u522b\u5c11\uff0c\u4e00\u5e74\u53ef\u80fd\u51e0\u4e2a ICO\uff0c\u57fa\u672c\u4e0a\u6bcf\u4e2a\u90fd\u6295\u4e86\uff0c\u5f53\u7136\u5206\u914d\u7684\u6bd4\u4f8b\u4e0d\u4e00\u6837\u3002\u6211\u89c9\u5f97\u5982\u679c\u662f\u6563\u6237\u7684\u8bdd\uff0c\u6295\u8d44\u7ec4\u5408\u7684\u6784\u5efa\u662f\u6700\u5173\u952e\u7684\uff0c\u4e0d\u80fd\u591f\u5168 all in \u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u3002\u5f53\u7136\u6211\u8bf4\u7684\u662f\u771f\u7684\u8981\u9760\u8fd9\u4e2a\u5e01\u7ffb\u8eab\uff0c\u800c\u4e0d\u662f\u4e3a\u4e86\u7ffb\u500d\u3002\u8981\u7ffb\u8eab\u7684\u8bdd\uff0c\u6211\u89c9\u5f97\u7b2c\u4e00\u4e2a\u4e0d\u80fd\u591f\u90fd all in \u4e3b\u6d41\u5e01\uff0c\u6bd4\u5982\u8bf4\u6709\u4e9b\u6fc0\u8fdb\u7684\u4eba\u662f\u767e\u5206\u4e4b\u767e\u5168\u5230\u5c71\u5be8\u5e01\u7684\u3002\u6211\u77e5\u9053\u5468\u56f4\u6709\u4eba\u662f\u767e\u5206\u4e4b\u767e\u8d54\u7684\u3002\u5982\u679c\u4ed6\u7684\u8d5a\u94b1\u80fd\u529b\u8db3\u591f\u5f3a\uff0c\u4ed6\u62ff\u51fa\u6765\u5206\u914d\u8d44\u91d1\uff0c\u5bf9\u4e8f\u635f\u6389\u6ca1\u6709\u6240\u8c13\uff0c\u90a3\u6211\u89c9\u5f97\u8fd9\u4e2a\u7b56\u7565\u4e5f\u6ca1\u6709\u9519\u3002\u5c31\u767e\u5206\u4e4b\u767e all in\uff0c\u751a\u81f3\u90fd\u8fdb\u5165\u5230 meme \u5e01\u8fdb\u5230 degen \u5e01\uff0c\u6211\u89c9\u5f97\u8fd9\u4e2a\u6ca1\u6709\u95ee\u9898\u3002\u5982\u679c\u5728\u6784\u5efa\u6295\u8d44\uff0c\u6211\u89c9\u5f97\u81f3\u5c11\u53ef\u80fd 30% \u53bb\u6295\u5230\u6240\u8c13\u7684\u53e6\u7c7b\u7684\uff0c\u5c31\u9664\u4e86\u4e3b\u6d41\u5e01\u4e4b\u5916\u7684\u3002\u8fd9\u91cc\u9762 DeFi \u80af\u5b9a\u662f\u4e00\u4e2a\u503c\u5f97\u53bb\u914d\u7f6e\u7684\u8d5b\u9053\u3002\u9664\u4e86 DeFi \u4e4b\u5916\uff0c\u6211\u4e5f\u4e0d\u77e5\u9053 Crypto \u91cc\u9762\u8fd8\u6709\u54ea\u4e00\u4e9b\u7c7b\u578b\u7684\u5e94\u7528\u771f\u6b63\u6709 value capture \u7684\u3002\u73b0\u5728\u6240\u6709\u7684\u6240\u8c13\u6709 real yield\u3001\u6709 real income \u7684\u5c31 DeFi \u5e94\u7528\u3002\u6240\u4ee5\u8fd9\u4e00\u70b9\u4e0a\u6211\u89c9\u5f97\u5982\u679c\u4f60\u771f\u7684\u4e0d\u8003\u8651\u4e3b\u6d41\u5e01\uff0c\u53ea\u8003\u8651\u5c71\u5be8\u5e01\u7684\u8bdd\uff0cDeFi \u80af\u5b9a\u8981\u5360\u4e00\u4e2a\u633a\u5927\u7684\u6bd4\u4f8b\uff0c\u6211\u89c9\u5f97\u81f3\u5c11 50% \u4ee5\u4e0a\u7684\u6bd4\u4f8b\u3002\u7136\u540e\u5269\u4e0b\u90a3 50%\uff0c\u53ef\u80fd\u518d\u53bb\u8865\u4e00\u4e9b Degen \u5e01\uff0cmeme \u6216\u8005\u5176\u4ed6\u7c7b\u578b\u7684\u8d5b\u9053\u3002<\/p>\n<p><strong>Alex<\/strong>\uff1a\u597d\u7684\uff0c\u4eca\u5929\u975e\u5e38\u611f\u8c22\u6c11\u9053\u8001\u5e08\u7ed9\u6211\u4eec\u975e\u5e38\u6df1\u5165\u4e14\u7275\u6d89\u8bdd\u9898\u975e\u5e38\u5e7f\u6cdb\u7684\u5206\u4eab\uff0c\u4e0b\u6b21\u6709\u673a\u4f1a\uff0c\u6b22\u8fce\u6c11\u9053\u8001\u5e08\u5c31 DeFi \u548c Crypto \u7684\u8bdd\u9898\u7ed9\u6211\u4eec\u5206\u4eab\u66f4\u591a\u4ed6\u7684\u89c1\u8bc6\u8ddf\u770b\u6cd5\u3002\u611f\u8c22\u60a8\u7684\u65f6\u95f4\u3002<\/p>\n<\/div>\n<div id=\"project-details\" data-v-9516d980>\n<div class=\"project-details\" data-v-9516d980>\n<div class=\"project-details-l\" data-v-9516d980><img alt class=\"project-details-l-img\" data-v-9516d980><\/div>\n<div class=\"project-details-connent\" data-v-9516d980>\n<div class=\"project-data\" data-v-9516d980>\n<h3 class=\"project-data-name\" data-v-9516d980><\/h3>\n<p class=\"project-data-description\" data-v-9516d980>\n<\/div>\n<div class=\"to-view-more\" data-v-9516d980>\u67e5\u770b\u66f4\u591a<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p> <!--&gt;--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u91cd\u65b0\u5ba1\u89c6 DeFi\uff1aWeb3 \u5546\u4e1a\u6a21\u5f0f\u6700\u6210\u719f\u8d5b\u9053\u7684\u73b0\u5728\u548c\u672a\u6765 \u4e3b\u6301\u4eba\uff1aAlex\uff0cMint Ventures \u7814 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2367","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=\/wp\/v2\/posts\/2367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2367"}],"version-history":[{"count":1,"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=\/wp\/v2\/posts\/2367\/revisions"}],"predecessor-version":[{"id":4122,"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=\/wp\/v2\/posts\/2367\/revisions\/4122"}],"wp:attachment":[{"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2367"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.yixiangtian.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}