{"id":2164,"date":"2025-10-19T05:17:44","date_gmt":"2025-10-18T21:17:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=2164"},"modified":"2025-10-19T05:17:44","modified_gmt":"2025-10-18T21:17:44","slug":"%e5%80%9f%e8%b4%b7%e5%b8%82%e5%9c%ba%e8%bf%9b%e9%98%b6%e4%b9%8b%e8%b7%af%ef%bc%9amorpho%e7%9a%84%e4%ba%8c%e6%ac%a1%e8%b7%83%e8%bf%81%e5%a6%82%e4%bd%95%e5%ae%9e%e7%8e%b0%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=2164","title":{"rendered":"\u501f\u8d37\u5e02\u573a\u8fdb\u9636\u4e4b\u8def\uff1aMorpho\u7684\u4e8c\u6b21\u8dc3\u8fc1\u5982\u4f55\u5b9e\u73b0\uff1f"},"content":{"rendered":"<h1 class=\"art_tit\">\u501f\u8d37\u5e02\u573a\u8fdb\u9636\u4e4b\u8def\uff1aMorpho\u7684\u4e8c\u6b21\u8dc3\u8fc1\u5982\u4f55\u5b9e\u73b0\uff1f<\/h1>\n<div class=\"content_text\">\n<p>\u539f\u6587\u4f5c\u8005\uff1aKevin, the Researcher from BlockBooster<\/p>\n<p>\u501f\u8d37\u534f\u8bae\u7684\u8d44\u91d1\u5bb9\u91cf\u6392\u540d\u00a0DeFi\u00a0\u8d5b\u9053\u7b2c\u4e00\uff0c\u662f\u00a0DeFi\u00a0\u4e2d\u8d44\u91d1\u5438\u6536\u91cf\u6700\u5927\u7684\u677f\u5757\u3002\u5e76\u4e14\u501f\u8d37\u662f\u4e00\u4e2a\u5df2\u7ecf\u5370\u8bc1\u4e86\u9700\u6c42\uff0c\u540c\u65f6\u5546\u4e1a\u6a21\u5f0f\u5065\u5eb7\uff0c\u4e14\u5e02\u573a\u4efd\u989d\u76f8\u5bf9\u96c6\u4e2d\u7684\u5e02\u573a\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u501f\u8d37\u5e02\u573a\u8fdb\u9636\u4e4b\u8def\uff1aMorpho\u7684\u4e8c\u6b21\u8dc3\u8fc1\u5982\u4f55\u5b9e\u73b0\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20241217\/ade5a1a0d0c028390a5f2f2a9d569336.jpg\"><\/p>\n<p class=\"img-desc customstyle_text\">\n<p class=\"img-desc customstyle_text\"> https:\/\/tokenterminal.com\/explorer\/markets\/lending<\/p>\n<p>Aave\u00a0\u7ecf\u8fc7\u591a\u5e74\u7684\u79ef\u7d2f\uff0c\u4ee3\u5e01\u8865\u8d34\u5e45\u5ea6\u5728\u9010\u6e10\u51cf\u5c11\uff0c\u4f46\u76ee\u524d\u9664\u4e86\u00a0Aave\u00a0\u4e4b\u5916\uff0c\u5176\u4ed6\u501f\u8d37\u534f\u8bae\u4f9d\u7136\u9700\u8981\u5145\u5206\u7684\u989d\u5916\u7684\u4ee3\u5e01\u6fc0\u52b1\uff0c\u5305\u62ec\u00a0Morpho\u3002 \u89c2\u5bdf\u00a0Aave\u00a0\u7684\u53d1\u5c55\u5386\u7a0b\uff0c\u53ef\u4ee5\u5f97\u51fa\u5176\u5b9e\u73b0\u76ee\u524d\u5e02\u573a\u5360\u6709\u7387\u7684\u6838\u5fc3\u4f18\u52bf\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u957f\u671f\u7a33\u5065\u7684\u5b89\u5168\u8868\u73b0\uff1a<\/strong>Aave\u00a0\u6709\u4e0d\u5c11\u00a0fork\u00a0\u9879\u76ee\uff0c\u4f46\u5b83\u4eec\u5728\u77ed\u65f6\u95f4\u5185\u90fd\u56e0\u76d7\u5e01\u6216\u574f\u8d26\u4e8b\u4ef6\u800c\u505c\u6446\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0cAave\u00a0\u81f3\u4eca\u4fdd\u6301\u4e86\u76f8\u5bf9\u826f\u597d\u7684\u5b89\u5168\u8bb0\u5f55\u3002\u4e3a\u5b58\u6b3e\u7528\u6237\u63d0\u4f9b\u4e86\u96be\u4ee5\u66ff\u4ee3\u7684\u4fe1\u4efb\u57fa\u7840\u3002\u53cd\u89c2\u4e00\u4e9b\u65b0\u5174\u7684\u501f\u8d37\u534f\u8bae\uff0c\u867d\u7136\u53ef\u80fd\u5177\u5907\u521b\u65b0\u6027\u6982\u5ff5\u6216\u66f4\u9ad8\u7684\u77ed\u671f\u6536\u76ca\u7387\uff0c\u4f46\u5728\u6ca1\u6709\u7ecf\u5386\u6570\u5e74\u5e02\u573a\u8003\u9a8c\u524d\uff0c\u5f80\u5f80\u96be\u4ee5\u8d62\u5f97\u7528\u6237\uff0c\u5c24\u5176\u662f\u5927\u8d44\u91d1\u7528\u6237\u7684\u4fe1\u8d56\u3002<\/p>\n<\/li>\n<li>\n<p><strong>\u66f4\u5145\u8db3\u7684\u5b89\u5168\u6295\u5165\uff1a<\/strong>\u5934\u90e8\u501f\u8d37\u534f\u8bae\u51ed\u501f\u66f4\u9ad8\u7684\u6536\u5165\u548c\u5145\u88d5\u7684\u56fd\u5e93\u8d44\u91d1\uff0c\u80fd\u591f\u4e3a\u5b89\u5168\u5ba1\u8ba1\u548c\u98ce\u9669\u7ba1\u7406\u63d0\u4f9b\u5f3a\u6709\u529b\u7684\u8d44\u6e90\u652f\u6301\u3002\u8fd9\u79cd\u9884\u7b97\u4f18\u52bf\u4e0d\u4ec5\u786e\u4fdd\u4e86\u65b0\u529f\u80fd\u5f00\u53d1\u7684\u5b89\u5168\u6027\uff0c\u8fd8\u4e3a\u5f15\u5165\u65b0\u8d44\u4ea7\u5960\u5b9a\u4e86\u7a33\u56fa\u7684\u57fa\u7840\uff0c\u5bf9\u534f\u8bae\u7684\u957f\u671f\u53d1\u5c55\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<\/li>\n<\/ul>\n<p>Morpho\u00a0\u81ea\u00a02022\u00a0\u5e74\u4e0b\u534a\u5e74\u83b7\u5f97a16z\u7684\u878d\u8d44\u4ee5\u6765\uff0c\u5728\u00a02\u00a0\u5e74\u65f6\u95f4\u5185\u5b9e\u73b0\u4e86\u501f\u8d37\u8d5b\u9053\u4e2d\u7684\u5f2f\u9053\u8d85\u8f66\u3002\u5982\u4e0b\u56fe\u6240\u793a\uff0cMorpho\u00a0\u76ee\u524d\u7684\u501f\u51fa\u8d44\u91d1\u8fbe\u5230$\u00a01.43\u00a02b\uff0c\u4ec5\u6b21\u4e8e\u00a0Aave\u00a0\u548c\u00a0Spark\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u501f\u8d37\u5e02\u573a\u8fdb\u9636\u4e4b\u8def\uff1aMorpho\u7684\u4e8c\u6b21\u8dc3\u8fc1\u5982\u4f55\u5b9e\u73b0\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20241217\/3b3e25276ac878841359e03d8c59616a.jpg\"><\/p>\n<p class=\"img-desc customstyle_text\"> https:\/\/tokenterminal.com\/explorer\/markets\/lending<\/p>\n<p>Morpho\u00a0\u7684\u6210\u529f\u7ecf\u5386\u5927\u62b5\u53ef\u4ee5\u5212\u5206\u4e3a\u4e24\u4e2a\u65f6\u671f\uff0c\u4e5f\u6b63\u662f\u901a\u8fc7\u8fd9\u4e24\u4e2a\u65f6\u671f\u7684\u79ef\u7d2f\u5b9e\u73b0\u7684\u8dc3\u8fc1\uff0c\u8ba9\u00a0Morpho\u00a0\u7684\u5e02\u573a\u5360\u6709\u7387\u7a33\u7a33\u4e0a\u5347\u3002<\/p>\n<h2 class=\"customstyle_text\">\u7b2c\u4e00\u6b21\u8dc3\u8fc1\uff1a\u4f18\u5316 Aave \u548c Compound \u5b9e\u73b0\u5feb\u901f\u589e\u957f<\/h2>\n<p>Morpho \u7684\u521d\u59cb\u4e1a\u52a1\u6a21\u5f0f\u805a\u7126\u4e8e\u63d0\u5347\u501f\u8d37\u534f\u8bae\u7684\u8d44\u91d1\u5229\u7528\u6548\u7387\uff0c\u5c24\u5176\u9488\u5bf9 Aave \u548c Compound \u7b49\u70b9\u5bf9\u6c60\u6a21\u578b\u4e2d\u8d44\u91d1\u5b58\u501f\u4e0d\u5b8c\u5168\u5339\u914d\u7684\u95ee\u9898\u3002\u901a\u8fc7\u5f15\u5165\u70b9\u5bf9\u70b9\u7684\u5339\u914d\u673a\u5236\uff0c\u4e3a\u7528\u6237\u63d0\u4f9b\u66f4\u4f18\u7684\u5229\u7387\u9009\u62e9\uff0c\u5373\u5b58\u6b3e\u5229\u7387\u66f4\u9ad8\uff0c\u501f\u6b3e\u5229\u7387\u66f4\u4f4e\u3002<\/p>\n<p>\u70b9\u5bf9\u6c60\u6a21\u5f0f\u7684\u6838\u5fc3\u5c40\u9650\u5728\u4e8e\u8d44\u91d1\u6c60\u7684\u603b\u5b58\u6b3e\u91cf\u5f80\u5f80\u8fdc\u8d85\u501f\u6b3e\u603b\u989d\uff0c\u8fd9\u79cd\u5931\u8861\u5e26\u6765\u4e86\u6548\u7387\u95ee\u9898\uff1a\u5b58\u6b3e\u7528\u6237\u7684\u5229\u606f\u88ab\u95f2\u7f6e\u8d44\u91d1\u7a00\u91ca\uff0c\u800c\u501f\u6b3e\u7528\u6237\u5219\u9700\u4e3a\u6574\u4e2a\u8d44\u91d1\u6c60\u627f\u62c5\u5229\u606f\u6210\u672c\uff0c\u800c\u975e\u4ec5\u652f\u4ed8\u5176\u5b9e\u9645\u4f7f\u7528\u90e8\u5206\u7684\u5229\u606f\u3002<\/p>\n<p>Morpho \u7684\u89e3\u51b3\u65b9\u6848\u5728\u4e8e\u5f15\u5165\u4e00\u79cd\u65b0\u7684\u5de5\u4f5c\u6d41\u7a0b\uff1a\u7528\u6237\u7684\u5b58\u6b3e\u548c\u62b5\u62bc\u54c1\u88ab\u5206\u914d\u81f3 Aave \u548c Compound\uff0c\u786e\u4fdd\u83b7\u53d6\u57fa\u7840\u5229\u7387\u3002\u4e0e\u6b64\u540c\u65f6\uff0cMorpho \u4f7f\u7528\u70b9\u5bf9\u70b9\u7684\u5339\u914d\u673a\u5236\u4f18\u5148\u5904\u7406\u5927\u989d\u8ba2\u5355\uff0c\u5c06\u5b58\u6b3e\u76f4\u63a5\u5206\u914d\u7ed9\u501f\u6b3e\u4eba\uff0c\u4ece\u800c\u51cf\u5c11\u95f2\u7f6e\u8d44\u91d1\u3002\u901a\u8fc7\u8fd9\u79cd\u65b9\u5f0f\uff0c\u5b58\u6b3e\u5f97\u4ee5\u5168\u90e8\u5229\u7528\uff0c\u800c\u501f\u6b3e\u4eba\u4ec5\u4e3a\u6240\u9700\u8d44\u91d1\u652f\u4ed8\u5229\u606f\uff0c\u8fbe\u6210\u4e86\u5229\u7387\u4f18\u5316\u3002<\/p>\n<p>\u8fd9\u79cd\u5339\u914d\u673a\u5236\u7684\u6700\u5927\u4f18\u52bf\u5728\u4e8e\uff0c\u5b83\u6d88\u9664\u4e86\u4f20\u7edf\u6a21\u5f0f\u4e0b\u7684\u6548\u7387\u74f6\u9888\uff1a<\/p>\n<p>\u5b58\u6b3e\u7528\u6237\u4eab\u6709\u66f4\u9ad8\u6536\u76ca\uff0c\u501f\u6b3e\u7528\u6237\u652f\u4ed8\u66f4\u5c11\u5229\u606f\uff0c\u53cc\u65b9\u5229\u7387\u8d8b\u4e8e\u4e00\u81f4\uff0c\u6781\u5927\u63d0\u5347\u4e86\u7528\u6237\u4f53\u9a8c\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>Morpho \u7684\u8fd0\u4f5c\u4ee5 Aave \u548c Compound \u4e3a\u4f9d\u6258\uff0c\u5229\u7528\u5b83\u4eec\u7684\u57fa\u7840\u8bbe\u65bd\u4f5c\u4e3a\u8d44\u91d1\u7f13\u51b2\u6c60\uff0c\u4ece\u800c\u5c06\u98ce\u9669\u63a7\u5236\u5728\u4e0e\u8fd9\u4e9b\u6210\u719f\u534f\u8bae\u76f8\u8fd1\u7684\u6c34\u5e73\u3002<\/p>\n<\/li>\n<li>\n<p>\u5bf9\u4e8e\u7528\u6237\u800c\u8a00\uff0c\u8fd9\u4e00\u6a21\u5f0f\u5438\u5f15\u529b\u663e\u8457\uff1a<\/p>\n<\/li>\n<\/ul>\n<p>\u65e0\u8bba\u662f\u5426\u5339\u914d\u6210\u529f\uff0c\u7528\u6237\u81f3\u5c11\u80fd\u83b7\u5f97\u4e0e Aave \u548c Compound \u76f8\u5f53\u7684\u5229\u7387\uff0c\u800c\u5339\u914d\u6210\u529f\u65f6\uff0c\u6536\u76ca\u6216\u6210\u672c\u5c06\u5f97\u5230\u8fdb\u4e00\u6b65\u4f18\u5316\u3002<\/p>\n<ol class=\" list-paddingleft-2\">\n<li>\n<p>Morpho \u57fa\u4e8e\u6210\u719f\u534f\u8bae\u6784\u5efa\uff0c\u5176\u98ce\u63a7\u6a21\u578b\u4e0e\u8d44\u91d1\u7ba1\u7406\u5b8c\u5168\u6cbf\u88ad Aave \u548c Compound\uff0c\u5927\u5e45\u964d\u4f4e\u4e86\u7528\u6237\u5bf9\u65b0\u5174\u5e73\u53f0\u7684\u4fe1\u4efb\u6210\u672c\u3002<\/p>\n<\/li>\n<li>\n<p>\u901a\u8fc7\u521b\u65b0\u6027\u7684\u8bbe\u8ba1\uff0cMorpho \u5de7\u5999\u5229\u7528\u4e86 DeFi \u534f\u8bae\u7684\u53ef\u7ec4\u5408\u6027\uff0c\u6210\u529f\u5728\u4f4e\u98ce\u9669\u7684\u524d\u63d0\u4e0b\u5438\u5f15\u4e86\u66f4\u591a\u7528\u6237\u8d44\u91d1\uff0c\u5b9e\u73b0\u4e86\u66f4\u9ad8\u6548\u7684\u5229\u7387\u4f18\u5316\u670d\u52a1\u3002<\/p>\n<\/li>\n<\/ol>\n<h2 class=\"customstyle_text\">\u7b2c\u4e8c\u6b21\u8dc3\u8fc1\uff1a\u4ece\u5e94\u7528\u8f6c\u5411\u53bb\u4e2d\u5fc3\u5316\u57fa\u7840\u8bbe\u65bd\uff0c\u5206\u79bb\u98ce\u9669\u5e76\u6784\u5efa\u72ec\u7acb\u751f\u6001\u7cfb\u7edf<\/h2>\n<p>\u4e4b\u524d\u8bb2\u5230\uff0cMorpho \u4f18\u5316\u5668\u53ea\u5b8c\u6210\u4e86\u00a0Morpho\u00a0\u7684\u7b2c\u4e00\u6b21\u8dc3\u8fc1\uff0c\u8ba9\u5176\u5728\u4e00\u4f17\u501f\u8d37\u534f\u8bae\u4e2d\u8131\u9896\u800c\u51fa\uff0c\u6210\u4e3a\u5e02\u573a\u4e2d\u4e0d\u53ef\u5ffd\u89c6\u7684\u5e73\u53f0\uff0c\u4f46\u662f\u65e0\u8bba\u4ece\u4ea7\u54c1\u8fd8\u662f\u534f\u8bae\u5b9a\u4f4d\u4ea6\u6216\u662f\u751f\u6001\u53d1\u5c55\u5f00\u653e\u5ea6\u6765\u8bf4\uff0c\u4f18\u5316\u5668\u90fd\u4e0d\u80fd\u5e26\u6765\u66f4\u5e7f\u9614\u7684\u60f3\u8c61\u7a7a\u95f4\u3002\u56e0\u4e3a\uff0c\u9996\u5148 \u4f18\u5316\u5668\u7684\u589e\u957f\u53d7\u5230\u5f53\u524d\u5e95\u5c42\u501f\u8d37\u6c60\u8bbe\u8ba1\u7684\u9650\u5236\uff0c\u56e0\u4e25\u91cd\u4f9d\u8d56\u5176 DAO \u548c\u53d7\u4fe1\u4efb\u7684\u627f\u5305\u5546\u6765\u6bcf\u5929\u76d1\u63a7\u548c\u66f4\u65b0\u6570\u767e\u4e2a\u98ce\u9669\u53c2\u6570\u6216\u5347\u7ea7\u5927\u578b\u667a\u80fd\u5408\u7ea6\u3002 \u5982\u679c\u539f\u5730\u8e0f\u6b65\uff0cMorpho\u00a0\u65e0\u6cd5\u5438\u5f15\u66f4\u5e7f\u6cdb\u7684\u00a0dev\u00a0\u548c\u539f\u751f\u534f\u8bae\uff0c\u5e76\u4e14\u5bf9\u5e02\u573a\u6765\u8bf4\u53ea\u80fd\u88ab\u5b9a\u4f4d\u6210\u00a0Aave \u548c Compound\u00a0\u7684\u751f\u6001\u534f\u8bae\u3002\u56e0\u6b64\u00a0Morpho\u00a0\u91c7\u7528\u4e86\u7c7b\u00a0Uni V4\u7684\u4ea7\u54c1\u601d\u8def\uff0c\u5373\u81ea\u5df1\u53ea\u505a\u4e00\u7c7b\u5927\u91d1\u878d\u670d\u52a1\u7684\u57fa\u7840\u5c42\uff0c\u628a\u57fa\u7840\u5c42\u4e4b\u4e0a\u7684\u6a21\u5757\u90fd\u5f00\u653e\u51fa\u53bb\uff0c\u5373\uff1a\u4ea7\u54c1\u6700\u5c0f\u5316\uff0c\u56e2\u961f\u79f0\u4e4b\u4e3a\u201cprimitive\u201d\uff0c\u628a\u6240\u6709\u7684\u501f\u8d37\u53c2\u6570\u65e0\u9700\u8bb8\u53ef\u5f00\u653e\u7ed9\u4e2a\u4eba\u548c\u751f\u6001\u534f\u8bae\u3002\u5c06\u98ce\u9669\u4ece\u5e73\u53f0\u8f6c\u79fb\u5230\u7b2c\u4e09\u65b9\u4e4b\u540e\uff0cMorpho\u00a0\u81ea\u8eab\u7684\u751f\u6001\u4ef7\u503c\u4f1a\u4e0d\u65ad\u5347\u9ad8\u3002<\/p>\n<p>\u4e3a\u4ec0\u4e48\u00a0Morpho\u00a0\u8981\u505a\u6700\u5c0f\u7ec4\u4ef6\uff0c\u5c06\u98ce\u9669\u53c2\u6570\u5f00\u653e\u7ed9\u7b2c\u4e09\u65b9\uff1f<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u98ce\u9669\u9694\u79bb\uff1a\u501f\u8d37\u5e02\u573a\u76f8\u4e92\u72ec\u7acb\u3002\u4e0e\u591a\u8d44\u4ea7\u6c60\u4e0d\u540c\uff0c\u6bcf\u4e2a\u5e02\u573a\u7684\u6e05\u7b97\u53c2\u6570\u90fd\u53ef\u4ee5\u5728\u4e0d\u8003\u8651\u7bee\u5b50\u4e2d\u98ce\u9669\u6700\u9ad8\u7684\u8d44\u4ea7\u7684\u60c5\u51b5\u4e0b\u8bbe\u7f6e\u3002Morpho\u00a0\u7684\u667a\u80fd\u5408\u7ea6\u4ec5\u6709\u00a0650\u00a0\u884c\u00a0Solidity\u00a0\u4ee3\u7801\uff0c\u65e0\u6cd5\u5347\u7ea7\uff0c\u7b80\u5355\u4e14\u5b89\u5168\u3002<\/p>\n<\/li>\n<li>\n<p>\u91d1\u5e93\u7684\u53ef\u5b9a\u5236\u5316\uff1a\u6bd4\u5982\u4f9b\u5e94\u5546\u53ef\u4ee5\u4ee5\u66f4\u9ad8\u7684 LLTV \u653e\u8d37\uff0c\u540c\u65f6\u627f\u53d7\u4e0e\u5411 LLTV \u8f83\u4f4e\u7684\u591a\u8d44\u4ea7\u6c60\u4f9b\u5e94\u65f6\u76f8\u540c\u7684\u5e02\u573a\u98ce\u9669\u3002\u4e5f\u53ef\u4ee5\u521b\u5efa\u4efb\u4f55\u62b5\u62bc\u54c1\u548c\u8d37\u6b3e\u8d44\u4ea7\u4ee5\u53ca\u4efb\u4f55\u98ce\u9669\u53c2\u6570\u5316\u7684\u5e02\u573a\u3002<\/p>\n<\/li>\n<li>\n<p>\u964d\u4f4e\u6210\u672c\uff1aMorpho \u5b8c\u5168\u81ea\u4e3b\uff0c\u56e0\u6b64\u65e0\u9700\u5f15\u5165\u8d39\u7528\u6765\u652f\u4ed8\u5e73\u53f0\u7ef4\u62a4\u3001\u98ce\u9669\u7ba1\u7406\u8005\u6216\u4ee3\u7801\u5b89\u5168\u4e13\u5bb6\u7684\u8d39\u7528\u3002\u57fa\u4e8e\u7b80\u5355\u4ee3\u7801\u7684\u5355\u4f8b\u5408\u7ea6\u8ba9\u00a0Gas\u00a0\u6210\u672c\u5927\u5e45\u964d\u4f4e\u00a070%\u00a0<\/p>\n<\/li>\n<li>\n<p>\u4e50\u9ad8\u5e95\u5c42\uff1a\u7b2c\u4e09\u65b9\u534f\u8bae\u6216\u8005\u4e2a\u4eba\u88ab\u5141\u8bb8\u5728\u00a0Morpho\u00a0\u4e0a\u6dfb\u52a0\u66f4\u591a\u903b\u8f91\u5c42\u3002\u8fd9\u4e9b\u5c42\u53ef\u4ee5\u901a\u8fc7\u5904\u7406\u98ce\u9669\u7ba1\u7406\u548c\u5408\u89c4\u6027\u6765\u589e\u5f3a\u6838\u5fc3\u529f\u80fd\uff0c\u6216\u7b80\u5316\u88ab\u52a8\u653e\u8d37\u8005\u7684\u7528\u6237\u4f53\u9a8c\u3002\u4f8b\u5982\uff0c\u98ce\u9669\u4e13\u5bb6\u53ef\u4ee5\u5efa\u7acb\u975e\u6258\u7ba1\u7684\u7cbe\u9009\u4fdd\u9669\u5e93\uff0c\u8ba9\u8d37\u6b3e\u4eba\u88ab\u52a8\u8d5a\u53d6\u6536\u76ca\u3002\u8fd9\u4e9b\u4fdd\u9669\u5e93\u91cd\u5efa\u4e86\u5f53\u524d\u7684\u591a\u62b5\u62bc\u54c1\u8d37\u6b3e\u6c60\u3002<\/p>\n<\/li>\n<li>\n<p>\u574f\u8d26\u5904\u7406\u8bbe\u8ba1\uff1aMorpho \u5728\u5904\u7406\u574f\u8d26\u65b9\u9762\u91c7\u53d6\u4e86\u4e0e\u5e38\u89c4\u501f\u8d37\u534f\u8bae\u4e0d\u540c\u7684\u7b56\u7565\u3002\u5177\u4f53\u800c\u8a00\uff0c\u82e5\u6e05\u7b97\u540e\u67d0\u8d26\u6237\u4ecd\u7559\u6709\u672a\u6e05\u507f\u503a\u52a1\u4e14\u65e0\u53ef\u4f9b\u5f25\u8865\u7684\u62b5\u62bc\u54c1\uff0c\u5219\u8fd9\u90e8\u5206\u635f\u5931\u5c06\u7531\u6240\u6709\u8d37\u65b9\u6309\u7167\u65e2\u5b9a\u6bd4\u4f8b\u5171\u540c\u627f\u62c5\u3002\u8fd9\u6837\u4e00\u6765\uff0cMorpho \u4e0d\u4f1a\u56e0\u4e3a\u574f\u8d26\u800c\u7834\u4ea7\uff0c\u5373\u4f7f\u6709\u574f\u8d26\uff0c\u4e5f\u53ea\u4f1a\u5f71\u54cd\u7279\u5b9a\u7684\u72ec\u7acb\u5e02\u573a\uff0c\u9664\u975e\u5927\u89c4\u6a21\u5e02\u573a\u90fd\u51fa\u73b0\u95ee\u9898\uff0c\u5426\u5219\u00a0Morpho\u00a0\u81ea\u8eab\u7684\u751f\u6001\u4ef7\u503c\u4e0d\u4f1a\u88ab\u635f\u4f24\u3002<\/p>\n<\/li>\n<li>\n<p>\u5f00\u53d1\u8005\u53cb\u597d\uff1a\u8d26\u6237\u7ba1\u7406\u5b9e\u73b0\u4e86\u65e0\u9700\u00a0GAS\u00a0\u4ea4\u4e92\u548c\u8d26\u6237\u62bd\u8c61\u529f\u80fd\uff0c\u514d\u8d39\u7684\u95ea\u7535\u8d37\u5141\u8bb8\u4efb\u4f55\u4eba\u901a\u8fc7\u4e00\u6b21\u8c03\u7528\u540c\u65f6\u8bbf\u95ee\u6240\u6709\u5e02\u573a\u7684\u8d44\u4ea7\u3002<\/p>\n<\/li>\n<\/ul>\n<p>Morpho \u5e73\u53f0\u4e3a\u7528\u6237\u63d0\u4f9b\u4e86\u5b8c\u5168\u81ea\u4e3b\u7684\u6784\u5efa\u7a7a\u95f4\uff0c\u4efb\u4f55\u4e2a\u4eba\u6216\u673a\u6784\u90fd\u53ef\u4ee5\u5728\u8be5\u5e73\u53f0\u4e0a\u8bbe\u8ba1\u5e76\u5b9e\u65bd\u81ea\u5df1\u7684\u501f\u8d37\u98ce\u9669\u7ba1\u7406\u673a\u5236\u3002\u4e13\u4e1a\u7684\u91d1\u878d\u673a\u6784\u4e5f\u80fd\u591f\u5229\u7528\u8be5\u5e73\u53f0\uff0c\u4e0e\u5176\u4ed6\u5e02\u573a\u53c2\u4e0e\u8005\u8fdb\u884c\u5408\u4f5c\uff0c\u901a\u8fc7\u63d0\u4f9b\u7ba1\u7406\u670d\u52a1\u8d5a\u53d6\u8d39\u7528\u3002\u5176\u65e0\u9700\u8bb8\u53ef\u7684\u7279\u6027\u4f7f\u5f97\u7528\u6237\u80fd\u591f\u7075\u6d3b\u5730\u8bbe\u7f6e\u5404\u79cd\u53c2\u6570\uff0c\u81ea\u4e3b\u521b\u5efa\u548c\u90e8\u7f72\u72ec\u7acb\u7684\u501f\u8d37\u5e02\u573a\uff0c\u800c\u4e0d\u5fc5\u4f9d\u8d56\u5916\u90e8\u6cbb\u7406\u6765\u6dfb\u52a0\u8d44\u4ea7\u6216\u8c03\u6574\u5e02\u573a\u89c4\u5219\u3002\u8fd9\u79cd\u7075\u6d3b\u6027\u8d4b\u4e88\u4e86\u5e02\u573a\u521b\u5efa\u8005\u6781\u9ad8\u7684\u81ea\u7531\u5ea6\uff0c\u8ba9\u4ed6\u4eec\u80fd\u591f\u6839\u636e\u81ea\u8eab\u7684\u98ce\u9669\u8bc4\u4f30\u72ec\u7acb\u7ba1\u7406\u501f\u8d37\u6c60\u7684\u98ce\u9669\u4e0e\u56de\u62a5\uff0c\u4ece\u800c\u6ee1\u8db3\u4e0d\u540c\u7528\u6237\u5728\u98ce\u9669\u504f\u597d\u548c\u4f7f\u7528\u573a\u666f\u4e0a\u7684\u591a\u6837\u5316\u9700\u6c42\u3002<\/p>\n<p>\u4f46\u662f\u8fdb\u4e00\u6b65\u770b\uff0c\u53bb\u4fe1\u4efb\u7684\u8bbe\u8ba1\u5176\u5b9e\u662f\u4e3a\u4e86\u4f4e\u6210\u672c\u79ef\u7d2f\u58f0\u8a89\u548c\u00a0TVL\u3002\u76ee\u524d\u00a0Morpho\u00a0\u4e0a\u6709\u6570\u767e\u4e2a\u00a0Vault\uff0c\u4f46\u662f\u88ab\u00a0list\u00a0\u5728\u00a0Morpho Interface \u4e0a\u7684\u5927\u591a\u6765\u81ea\u98ce\u9669\u7ba1\u7406\u4e13\u5bb6\u8bbe\u8ba1\u7684\u00a0Vault\u3002Morpho\u00a0\u8ba9\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u521b\u5efa\u00a0Vault\uff0c\u80fd\u591f\u65e0\u98ce\u9669\u589e\u52a0\u00a0TVL\uff0c\u8fd9\u4e9b\u00a0Vault\u00a0\u5373\u4f7f\u5927\u591a\u6570\u5931\u8d25\u4e86\uff0c\u4e5f\u4e0d\u4f1a\u9020\u6210\u5f71\u54cd\u3002\u4f46\u662f\uff0c\u5176\u4e2d\u8fd0\u8425\u51fa\u8272\u7684\u00a0Vault\u00a0\u4f1a\u8131\u9896\u800c\u51fa\uff0c\u5b83\u4eec\u7684\u5b9a\u4f4d\u4e5f\u4f1a\u88ab\u63d0\u5347\u5230\u98ce\u9669\u7ba1\u7406\u4e13\u5bb6\u7684\u7ea7\u522b\uff0c\u4eab\u53d7\u00a0Morpho\u00a0\u5e73\u53f0\u5e26\u6765\u7684\u7528\u6237\u91cf\uff0c\u5728\u6b64\u4e4b\u524d\uff0c\u4e2a\u4eba\u521b\u5efa\u7684\u00a0Vault\u00a0\u9700\u8981\u7ecf\u5386\u6f2b\u957f\u7684\u7ecf\u8425\u3002<\/p>\n<h2 class=\"customstyle_text\">\n<p class=\"img-desc customstyle_text\">Source\uff1a Morpho<\/p>\n<p>\u8be5\u8bbe\u8ba1\u6781\u5927\u5730\u4f18\u5316\u4e86\u501f\u8d37\u6d41\u7a0b\uff0c\u63d0\u5347\u4e86\u6574\u4f53\u7528\u6237\u4f53\u9a8c\uff0c\u540c\u65f6\u6709\u6548\u805a\u96c6\u5e02\u573a\u6d41\u52a8\u6027\u3002\u7528\u6237\u4e0d\u4ec5\u80fd\u591f\u8fdb\u5165\u72ec\u7acb\u5e02\u573a\u548c\u501f\u8d37\u6c60\u53c2\u4e0e\u4ea4\u6613\uff0c\u8fd8\u80fd\u8f7b\u677e\u63d0\u4f9b\u6d41\u52a8\u6027\uff0c\u4ece\u800c\u901a\u8fc7\u88ab\u52a8\u65b9\u5f0f\u8d5a\u53d6\u5229\u606f\u3002<\/p>\n<p>\u53e6\u4e00\u4e2a\u663e\u8457\u7279\u70b9\u662f\uff0cMorpho Vault \u63d0\u4f9b\u9ad8\u5ea6\u7075\u6d3b\u7684\u98ce\u9669\u7ba1\u7406\u4e0e\u8d39\u7528\u7ed3\u6784\u3002\u6bcf\u4e2a\u91d1\u5e93\u90fd\u80fd\u6839\u636e\u9700\u6c42\u7075\u6d3b\u8c03\u6574\u98ce\u9669\u655e\u53e3\u548c\u7ee9\u6548\u8d39\u7528\u8bbe\u7f6e\u3002\u4f8b\u5982\uff0c\u4e13\u6ce8\u4e8e LST 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