{"id":2503,"date":"2025-12-26T00:29:44","date_gmt":"2025-12-25T16:29:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=2503"},"modified":"2025-12-26T00:29:44","modified_gmt":"2025-12-25T16:29:44","slug":"defi%e8%b5%9b%e9%81%93%e4%b8%ba%e4%bd%95%e6%9a%b4%e6%b6%a8%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/www.yixiangtian.com\/?p=2503","title":{"rendered":"DeFi\u8d5b\u9053\u4e3a\u4f55\u66b4\u6da8\uff1f"},"content":{"rendered":"<h1 class=\"art_tit\">DeFi\u8d5b\u9053\u4e3a\u4f55\u66b4\u6da8\uff1f<\/h1>\n<div class=\"content_text\">\n<p><em>Jessy<\/em>\uff0c\u91d1\u8272\u8d22\u7ecf<\/p>\n<p>\u8fd1\u4e00\u4e2a\u6708\uff0cDeFi\u8d5b\u9053\u8fce\u6765\u4e86\u66b4\u6da8\uff0cSushi24\u5c0f\u65f6\u6da8\u5e45\u8fd130%\uff0c\u800c\u8ddd\u79bb11\u6708\u65f6\u7684\u4f4e\u70b9\uff0c\u4e00\u4e2a\u6708\u5185\u5df2\u7ecf\u6da8\u4e86\u56db\u500d\u3002Uni\u4e5f\u5728\u4e00\u4e2a\u6708\u5185\u5b9e\u73b0\u4e86\u4e09\u500d\u7684\u6da8\u5e45\uff0cDYDX\u4e5f\u6709\u8fd1\u4e09\u500d\u6da8\u5e45\u3002\u800c\u572811\u670829\u65e5\u53d1\u5e01\u7684\u9879\u76eeHyperliquid\u00a0\uff0c\u8fd1\u4e00\u5468\u4ee3\u5e01\u7684\u6da8\u5e45\u4e5f\u9ad8\u8fbe52%\uff0c\u5e02\u503c\u5df2\u7ecf\u8d85\u8fc7\u4e86Arbitrum\u3002<\/p>\n<p>\u8fc7\u53bb\u4e00\u6bb5\u65f6\u95f4\uff0cDeFi \u5e02\u573a\u5e02\u503c\u4ece 705 \u4ebf\u7f8e\u5143\u8fc5\u901f\u6500\u5347\u81f3 1324 \u4ebf\u7f8e\u5143\uff0c\u4ee3\u5e01\u5e73\u5747\u6da8\u5e45\u8fbe\u5230 87%\uff0c\u5927\u5e45\u9886\u5148\u52a0\u5bc6\u8d27\u5e01\u6574\u4f53\u5e02\u573a 67% \u7684\u5e73\u5747\u6da8\u5e45\u3002<\/p>\n<p>DeFi\u9879\u76ee\u7684\u96c6\u4f53\u4e0a\u6da8\uff0c\u5728\u4e00\u4f17\u8d5b\u9053\u4e2d\u8868\u73b0\u4eae\u773c\uff0c\u4e0d\u662f\u7b80\u5355\u7684\u725b\u5e02\u7684\u677f\u5757\u8f6e\u52a8\u6216\u8005\u662f\u201c\u666e\u6da8\u201d\u56e0\u7d20\uff0c\u80cc\u540e\u6709\u7740\u4eba\u4eec\u5bf9\u4e8e\u76d1\u7ba1\u9884\u671f\u7684\u53d8\u5316\uff0c\u66f4\u5728\u4e8eDeFi\u9879\u76ee\u4eec\u672c\u8eab\u7684\u57fa\u672c\u9762\u5728\u8d70\u597d\uff0c\u5b9e\u73b0\u4e86\u6301\u7eed\u5730\u76c8\u5229\u7b49\u7b49\u3002<\/p>\n<h2>\u4e0a\u6da8\u5e45\u5ea6<\/h2>\n<p>\u6839\u636eMessari\u6570\u636e\u663e\u793a\uff0c\u8fd1\u4e09\u5341\u65e5\uff0c Uni\u7684\u6da8\u5e45\u4e3a85%\u3001Crv\u7684\u6da8\u5e45289%\u3001DYDX\u7684\u6da8\u5e45\u4e3a94%\u3001COMP\u7684\u6da8\u5e45\u4e3a125%\u3001RSR\u6da8\u5e45\u4e3a110%\u3001ZRX\u6da8\u5e45\u4e3a101%\u30011inch\u7684\u6da8\u5e45\u4e3a95%\u3001Ondo\u7684\u6da8\u5e45\u4e3a104%\u3001Sushi\u6da8\u5e45\u4e3a208%\u3001AAVE\u7684\u6da8\u5e45\u4e3a35%\u3001OM\u6da8\u5e45\u4e3a177%\u3001Torn\u6da8\u5e45 357%\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20241209\/a77b85e6c7194c40ecd2d0cd0c5ee05a.jpg\" title=\"7331323\" alt=\"obIkgv60fgcxo14eVxE6tAmsQ29z1Ph9ypUw4syx.png\" 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DeFi \u9886\u57df\u5f00\u5c55\u4e1a\u52a1\u7684\u516c\u53f8\u8fdb\u884c\u6307\u63a7\u548c\u5904\u7f5a \u3002\u5982 2023 \u5e74 9 \u6708 CFTC \u9488\u5bf9 Opyn\uff0c Inc.\u3001ZeroEx\uff0c Inc. \u548c Deridex\uff0c Inc. \u53d1\u5e03\u4e86\u540c\u65f6\u63d0\u8d77\u548c\u89e3\u51b3\u6307\u63a7\u7684\u547d\u4ee4\uff0c\u8fd9\u4e9b\u516c\u53f8\u88ab\u63a7\u672a\u80fd\u4f5c\u4e3a\u4ea4\u6613\u6267\u884c\u8bbe\u65bd\u6216\u6307\u5b9a\u5408\u540c\u5e02\u573a\u8fdb\u884c\u6ce8\u518c\uff0c\u672a\u80fd\u4f5c\u4e3a\u671f\u8d27\u59d4\u6258\u5546\u8fdb\u884c\u6ce8\u518c\uff0c\u4ee5\u53ca\u672a\u80fd\u6839\u636e\u300a\u94f6\u884c\u4fdd\u5bc6\u6cd5\u300b\u5b9e\u65bd\u5ba2\u6237\u8bc6\u522b\u8ba1\u5212\u7b49\u3002<\/p>\n<p>\u800c\u76ee\u524d\uff0c\u98ce\u53e3\u8f6c\u5411\uff0c\u7279\u6717\u666e\u5f53\u9009\u7f8e\u56fd\u4e0b\u4e00\u5c4a\u603b\u7edf\u540e\uff0c\u6709\u5206\u6790\u5e08\u8ba4\u4e3a\uff0c\u7531\u4e8e\u4ea4\u6613\u5458\u9884\u8ba1\u7279\u6717\u666e\u653f\u5e9c\u5c06\u52a0\u5f3a\u6301\u6709 \u201c\u5b9e\u7528\u201d \u4ee3\u5e01\u7684 \u201c\u6295\u8d44\u5438\u5f15\u529b\u201d\uff0c\u5f15\u53d1\u4e86\u4e00\u6ce2 \u201c\u76d1\u7ba1\u4e50\u89c2\u60c5\u7eea\u201d\uff0c\u5e02\u573a\u9884\u671f DeFi \u9879\u76ee\u53ca\u5176\u4ee3\u5e01\u5c06\u9762\u4e34\u66f4\u53cb\u597d\u7684\u73af\u5883\u3002<\/p>\n<p>\u9996\u5148\u662f\u300a21\u4e16\u7eaa\u91d1\u878d\u521b\u65b0\u4e0e\u6280\u672f\u6cd5\u6848\u300b\uff08FIT 21\u6cd5\u6848\uff09\u6cd5\u6848\u53ef\u80fd\u5728\u7279\u6717\u666e\u4e0a\u53f0\u540e\u88ab\u4f18\u5148\u63a8\u52a8\u8fd9\u90e8\u88ab\u8a89\u4e3a\u201c\u8fc4\u4eca\u4e3a\u6b62\u6700\u91cd\u8981\u201d\u7684\u52a0\u5bc6\u6cd5\u6848\uff0c\u4e0d\u4ec5\u6e05\u6670\u754c\u5b9a\u52a0\u5bc6\u8d27\u5e01\u4f55\u65f6\u662f\u5546\u54c1\u6216\u8bc1\u5238\uff0c\u8fd8\u5c06\u7ec8\u7ed3SEC\u4e0eCFTC\u5728\u52a0\u5bc6\u76d1\u7ba1\u4e0a\u7684\u201c\u62c9\u952f\u201d\u3002\u7f8e\u56fd\u4f17\u8bae\u9662\u6b64\u524d\u4ee5\u538b\u5012\u6027\u591a\u6570\u7968\u901a\u8fc7\u8be5\u6cd5\u6848\u5e76\u63d0\u4ea4\u53c2\u8bae\u9662\uff0c\u4f46\u540e\u8005\u5e76\u672a\u91c7\u53d6\u679c\u65ad\u884c\u52a8\u3002\u4e0d\u8fc7\u968f\u7740\u7279\u6717\u666e\u4e0a\u53f0\uff0c\u5e02\u573a\u666e\u904d\u9884\u671f\u8be5\u6cd5\u6848\u8fdb\u7a0b\u5c06\u4f1a\u63d0\u901f\u3002<\/p>\n<p>FIT 21 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21\u6cd5\u6848\uff09\u5916\uff0c\u8fd1\u671fTornado Cash\u4e8b\u4ef6\u4e5f\u6807\u5fd7\u7740\u7f8e\u56fd\u52a0\u5bc6\u76d1\u7ba1\u6b63\u671d\u7740\u66f4\u5f00\u653e\u53cb\u597d\u7684\u65b9\u5411\u53d1\u5c55\u300211\u6708\u5e95\uff0c\u7f8e\u56fd\u7b2c\u4e94\u5de1\u56de\u4e0a\u8bc9\u6cd5\u9662\u88c1\u5b9a\u8d22\u653f\u90e8\u5bf9Tornado Cash\u4e0d\u53ef\u53d8\u667a\u80fd\u5408\u7ea6\u7684\u5236\u88c1\u975e\u6cd5\uff0c\u8ba4\u4e3a\u8fd9\u4e9b\u667a\u80fd\u5408\u7ea6\u4e0d\u7b26\u5408\u201c\u8d22\u4ea7\u201d\u7684\u6cd5\u5f8b\u5b9a\u4e49\u3002\u8fd9\u4e00\u88c1\u5b9a\u4e3a\u667a\u80fd\u5408\u7ea6\u7684\u5408\u6cd5\u6027\u63d0\u4f9b\u4e86\u91cd\u8981\u652f\u6301\uff0c\u4f7f\u5f97\u5f00\u53d1\u8005\u548c\u7528\u6237\u5728\u4f7f\u7528\u8fd9\u4e9b\u534f\u8bae\u65f6\u4e0d\u518d\u9762\u4e34\u4f20\u7edf\u6cd5\u5f8b\u6846\u67b6\u7684\u76f4\u63a5\u51b2\u7a81\uff0c\u4ece\u800c\u4fc3\u8fdb\u91d1\u878d\u671d\u7740\u66f4\u5305\u5bb9\u3001\u66f4\u53cb\u597d\u81ea\u7531\u7684\u65b9\u5411\u53d1\u5c55\uff0c\u4e5f\u76f4\u63a5\u6709\u5229\u4e8eDeFi\u7684\u84ec\u52c3\u53d1\u5c55\u3002<\/p>\n<p><strong>2.\u8d44\u672c\u7684\u6301\u7eed\u770b\u597d<\/strong><\/p>\n<p>\u968f\u7740\u533a\u5757\u94fe\u6280\u672f\u7684\u4e0d\u65ad\u53d1\u5c55\u548c\u5e94\u7528\uff0c\u4eba\u4eec\u5bf9 DeFi 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