{"id":754,"date":"2025-01-10T05:17:44","date_gmt":"2025-01-09T21:17:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=754"},"modified":"2025-01-10T05:17:44","modified_gmt":"2025-01-09T21:17:44","slug":"%e4%b8%80%e6%96%87%e9%80%9f%e8%a7%88-ethena-%e6%96%b0%e7%a8%b3%e5%ae%9a%e5%b8%81-usdtb%ef%bc%9ablackrock-buidl-%e5%9f%ba%e9%87%91%e6%94%af%e6%8c%81%ef%bc%8c%e6%88%96%e5%b0%86%e6%8e%a8%e5%8a%a8","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=754","title":{"rendered":"\u4e00\u6587\u901f\u89c8 Ethena \u65b0\u7a33\u5b9a\u5e01 USDtb\uff1aBlackRock BUIDL \u57fa\u91d1\u652f\u6301\uff0c\u6216\u5c06\u63a8\u52a8\u5927\u91cf TradFi \u8d44\u91d1\u6d41\u5165"},"content":{"rendered":"
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\u4f5c\u8005\uff1aWeilin\uff0cPANews<\/span><\/em><\/p>\n

 <\/p>\n

12\u670816\u65e5\uff0cDeFi\u9879\u76eeEthena Labs\u5ba3\u5e03\u5176\u65b0\u7a33\u5b9a\u5e01USDtb\u6b63\u5f0f\u4e0a\u7ebf\u3002\u4f5c\u4e3a\u4e00\u6b3e\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u7f8e\u5143\u7a33\u5b9a\u5e01\uff0cUSDtb\u768490%\u50a8\u5907\u8d44\u91d1\u6295\u8d44\u4e8eBlackRock\u7684\u4ee3\u5e01\u5316\u57fa\u91d1BUIDL\uff0c\u5e76\u4e0e\u5934\u90e8\u73b0\u5b9e\u8d44\u4ea7\u4ee3\u5e01\u5316\u516c\u53f8Securitize\u5408\u4f5c\u3002<\/p>\n

\u4e0a\u7ebf\u9996\u65e5\uff0c\u6839\u636eDefiLlama\u6570\u636e\uff0cUSDtb\u7684TVL\u8fbe\u5230\u4e866450\u4e07\u7f8e\u5143\u3002\u6b64\u524d\uff0cEthena CEO Guy Young\u9884\u6d4b\uff0cUSDtb\u7684\u9996\u6708TVL\u5c06\u4f1a\u8fbe\u52305\u4ebf\u523010\u4ebf\u7f8e\u5143\u3002\u4ed6\u8fd8\u8868\u793a\uff0c\u4e00\u4e9b TradFi\u5b9e\u4f53\u5c3d\u7ba1\u5e76\u6ca1\u6709\u771f\u6b63\u63a5\u89e6\u5176\u4ed6\u52a0\u5bc6\u8d27\u5e01\uff0c\u4f46\u662f\u76ee\u524d\u5bf9Ethena\u6b63\u5728\u505a\u7684\u4e8b\u60c5\u5df2\u7ecf\u6709\u76f8\u5f53\u5927\u7684\u655e\u53e3\u3002<\/p>\n

\u7531BlackRock BUIDL\u57fa\u91d1\u652f\u6301\uff0c\u5e94\u5bf9\u718a\u5e02\u7684\u5e02\u573a\u6ce2\u52a8<\/h3>\n

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\"\u4e00\u6587\u901f\u89c8<\/p>\n

USDtb\u5c06\u4f5c\u4e3aEthena\u7684\u5907\u9009\u7a33\u5b9a\u5e01\uff0c\u627f\u63a5USDe\u5728\u6781\u7aef\u884c\u60c5\u4e0b\u7684\u8d44\u91d1\u3002Ethena\u7684CEO Guy Young\u6700\u8fd1\u5728Unchained\u64ad\u5ba2\u4e2d\u4ecb\u7ecd\uff0cUSDtb\u770b\u8d77\u6765\u4e0e\u666e\u901a\u7a33\u5b9a\u5e01\u975e\u5e38\u76f8\u4f3c\uff0c\u672c\u8eab\u4e0d\u5177\u6709\u6536\u76ca\uff0c\u56e0\u6b64\u8d2d\u4e70\u5b83\u7684\u6563\u6237\u7528\u6237\u4e0d\u4f1a\u50cf\u4f7f\u7528\u56fd\u503a\u57fa\u91d1\u90a3\u6837\u83b7\u5f97\u6536\u76ca\u3002\u4ed6\u8868\u793a\uff0c\u8fd9\u4e24\u79cd\u4ea7\u54c1\u5b9e\u9645\u4e0a\u662f\u5e76\u884c\u5de5\u4f5c\u7684\uff0c\u572898%\u7684\u60c5\u51b5\u4e0b\uff0c\u5f53\u52a0\u5bc6\u8d27\u5e01\u6c47\u7387\u770b\u8d77\u6765\u6bd4\u4f20\u7edf\u91d1\u878d\u6c47\u7387\u66f4\u5177\u5438\u5f15\u529b\u65f6\uff0cUSDe \u7684\u8fd0\u4f5c\u65b9\u5f0f\u5c31\u50cf\u73b0\u5728\u4e00\u6837\u3002\u7136\u540e\uff0c\u5728\u73af\u5883\u53d1\u751f\u53d8\u5316\u7684\u7a0b\u5ea6\u4e0a\uff08\u6bd4\u5982\u8fdb\u5165\u718a\u5e02\uff09\uff0c\u7528\u6237\u59cb\u7ec8\u4fdd\u7559\u7740\u9009\u62e9\u6743\uff0c\u80fd\u591f\u5173\u95ed\uff08\u5934\u5bf8\uff09\u5e76\u8fdb\u5165 USDtb\uff0c\u5e76\u5728\u81ea\u5df1\u7684\u4ea7\u54c1\u4e2d\u4fdd\u7559\u8d44\u4ea7\u8d1f\u503a\u8868\u3002<\/p>\n

\u56e0\u6b64\uff0cUSDtb\u53ef\u80fd\u5e2e\u52a9USDe\u7684\u6301\u6709\u8005\u201c\u5e94\u5bf9\u8270\u96be\u7684\u5e02\u573a\u73af\u5883\u201d\u3002Ethena Labs\u572812\u670816\u65e5\u7684\u516c\u544a\u4e2d\u8868\u793a\uff1a\u201cEthena\u5c06\u80fd\u591f\u5173\u95edUSDe\u80cc\u540e\u7684\u5bf9\u51b2\u5934\u5bf8\uff0c\u5e76\u5c06\u5176\u652f\u6301\u8d44\u4ea7\u91cd\u65b0\u914d\u7f6e\u5230USDtb\uff0c\u4ee5\u8fdb\u4e00\u6b65\u7f13\u89e3\u76f8\u5173\u98ce\u9669\u3002\u201d<\/p>\n

\u8be5\u7a33\u5b9a\u5e01\u768490%\u7531BlackRock\u7684BUIDL\u652f\u6301\uff0c\u5e76\u4e0e\u533a\u5757\u94fe\u4ee3\u5e01\u5316\u516c\u53f8Securitize\u5408\u4f5c\u3002Ethena\u7684\u59d4\u5458\u4f1a\u6210\u5458\u4e4b\u4e00Block Analiticia\u5728\u5df2\u7ecf\u6279\u51c6\u7684\u63d0\u6848\u4e2d\u6307\u51fa\uff0c\u50cfUSDC\u8fd9\u6837\u7684\u7a33\u5b9a\u5e01\u5c06\u5360USDtb\u50a8\u5907\u7684\u5269\u4f5910%\uff0c\u8fd9\u4e9b\u7a33\u5b9a\u5e01\u53ef\u4ee5\u5728\u56fd\u503a\u5e02\u573a\u65e0\u6cd5\u4ea4\u6613\u7684\u5468\u672b\u6216\u5176\u4ed6\u65f6\u6bb5\u63d0\u4f9b\u989d\u5916\u6d41\u52a8\u6027\u3002USDtb\u7684\u667a\u80fd\u5408\u7ea6\u201c\u6838\u5fc3\u201d\u90e8\u5206\u572810\u6708\u901a\u8fc7\u4e86Pashov\u3001Quantstamp\u548cCyfrin\u7684\u4e09\u6b21\u5b8c\u6574\u5ba1\u8ba1\u3002<\/p>\n

USDtb\u6216\u5c06\u63a8\u52a8\u5927\u91cf\u8d44\u91d1\u4eceTradFi\u6d41\u5165<\/h3>\n

Ethena Lab\u7684\u5408\u6210\u7a33\u5b9a\u5e01 USDe\u4e8e\u4eca\u5e742\u6708\u63a8\u51fa\uff0c\u968f\u540e\u8fc5\u901f\u589e\u957f\uff0c\u73b0\u5728\u662f\u4ec5\u6b21\u4e8e USDT \u548c USDC \u7684\u7b2c\u4e09\u5927\u7a33\u5b9a\u5e01\u3002\u81ea11\u67081\u65e5\u4ee5\u6765\uff0c\u4e5f\u5c31\u4e00\u4e2a\u534a\u6708\u524d\uff0c\u5176\u5e02\u503c\u7ffb\u4e86\u4e00\u756a\u591a\uff0c\u8fbe\u5230\u8fd1 60 \u4ebf\u7f8e\u5143\uff0c\u751a\u81f3\u8d85\u8fc7\u4e86 DAI \u8fd9\u4e00\u5386\u53f2\u60a0\u4e45\u7684 DeFi \u539f\u751f\u7a33\u5b9a\u5e01\u3002<\/p>\n

\"\u4e00\u6587\u901f\u89c8<\/p>\n

USDe\u6210\u529f\u7684\u5173\u952e\u5728\u4e8e\u5b83\u63d0\u4f9b\u7684\u6536\u76ca\u7387\u3002\u8be5\u4ee3\u5e01\u5e74\u6536\u76ca\u7387\u4e3a27%\uff0c\u8fdc\u9ad8\u4e8eDAI\u548cUSDS\u63d0\u4f9b\u768412.5%\u3002USDe\u662f\u901a\u8fc7\u5c06\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u6216Solana\u5b58\u5165Ethena\u534f\u8bae\uff0c\u968f\u540e\u5728\u50cfBybit\u8fd9\u6837\u7684\u671f\u8d27\u4ea4\u6613\u6240\u4e0a\u5f00\u542f\u505a\u7a7a\uff08\u770b\u8dcc\uff09\u5934\u5bf8\u800c\u521b\u5efa\u7684\u3002\u8fd9\u521b\u5efa\u4e86\u6240\u8c13\u7684\u201cdelta\u4e2d\u6027\u201d\u5934\u5bf8\uff0c\u5176\u4e2d\u8d44\u4ea7\u7684\u4ef7\u503c\u548c\u505a\u7a7a\u5934\u5bf8\u76f8\u4e92\u62b5\u6d88\uff0c\u4ece\u800c\u4fdd\u6301\u6574\u4f53\u4ef7\u683c\u7684\u7a33\u5b9a\u3002<\/p>\n

\u76ee\u524d\uff0c\u7531\u4e8e\u5927\u591a\u6570\u4ea4\u6613\u8005\u5bf9\u52a0\u5bc6\u8d27\u5e01\u6301\u770b\u6da8\u6001\u5ea6\uff0c\u4ed6\u4eec\u5411Ethena\u652f\u4ed8\u8d44\u91d1\u8fdb\u884c\u505a\u7a7a\uff0c\u800c\u8be5\u534f\u8bae\u901a\u8fc7\u8d28\u62bc\u5c06\u8fd9\u4e9b\u8d44\u91d1\u8f6c\u7ed9USDe\u6301\u6709\u8005\u3002\u53ea\u8981\u8fd9\u79cd\u60c5\u51b5\u6301\u7eed\u4e0b\u53bb\uff0cUSDe\u7684\u6536\u76ca\u7387\u5e94\u8be5\u4f1a\u4fdd\u6301\u8f83\u9ad8\u3002\u4f46\u5982\u679c\u4ea4\u6613\u8005\u8f6c\u4e3a\u770b\u8dcc\uff0cEthena\u5c06\u65e0\u6cd5\u63d0\u4f9b\u5982\u6b64\u9ad8\u7684\u6536\u76ca\u7387\u3002<\/p>\n

\u6b64\u5916\uff0cEthena\u63a8\u51fa\u7684Staked USDe\uff08sUSDe\uff09\u662f\u4e00\u79cd\u6536\u76ca\u4ee3\u5e01\uff0c\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u8d28\u62bcUSDe\u4ee3\u5e01\u83b7\u5f97\u989d\u5916\u6536\u76ca\u3002\u901a\u8fc7\u8d28\u62bc\u5956\u52b1\u548c\u57fa\u5dee\u4ea4\u6613\uff08Basis Trading\uff09\u7b56\u7565\uff0csUSDe\u4e3a\u6301\u6709\u8005\u63d0\u4f9b\u4e86\u9ad8\u6536\u76ca\u3002<\/p>\n

Blockworks Research \u6700\u8fd1\u5728\u63a8\u7279\u4e0a\u53d1\u5e03\u4e86\u5173\u4e8e Ethena \u4e3b\u8981\u4f7f\u7528\u7684\u4e0d\u540c\u65b9\u5f0f\u3002Pendle \u662f\u8d44\u4ea7\u8d85\u8fc7 10 \u4ebf\u7f8e\u5143\u7684 Staked USDe \u7684\u9996\u9009\u76ee\u7684\u5730\uff0cAave \u4f4d\u5c45\u7b2c\u4e8c\u3002Ethena CEO Guy Young\u6700\u8fd1\u5728Unchained\u64ad\u5ba2\u4e2d\u4ecb\u7ecd\uff0cPendle \u5927\u7ea6 50% \u5230 60% \u7684 TVL \u5efa\u7acb\u5728 sUSDe \u4e4b\u4e0a\u3002Aave \u5728\u51e0\u4e2a\u6708\u5185\u589e\u52a0\u4e86\u8d85\u8fc7 10 \u4ebfTVL\u3002<\/p>\n

\u56de\u5230\u65b0\u7a33\u5b9a\u5e01USDtb\u672c\u8eab\uff0c\u5728\u63a8\u51faUSDtb\u540e\uff0cEthena\u7684\u589e\u957f\u4e3b\u7ba1 Seraphim Czecker, \u8868\u793a\uff0cEthena \u7684\u8def\u7ebf\u5f88\u6e05\u6670\uff1a<\/p>\n

– \u5c06\u4fdd\u5b88\u7684 TradFi \u7eb3\u5165 USDtb<\/p>\n

– \u8ba9\u4ed6\u4eec\u9002\u5e94 USDe<\/p>\n

– \u5e2e\u52a9\u4ed6\u4eec\u4e86\u89e3 Aave\u3001Maker \u7b49 USDe \u94fe\u4e0a\u673a\u4f1a<\/p>\n

\u533a\u5757\u94fe\u7814\u7a76\u4e0e\u5f00\u53d1\u516c\u53f8Delphi Labs\u7684\u521b\u59cb\u4eba\u4e4b\u4e00Jos\u00e9 Maria Macedo\u9884\u6d4bUSDtb\u5c06\u5728\u63a8\u51fa\u540e\u7684\u4e00\u4e2a\u6708\u5185\u6210\u4e3a\u6700\u5927\u7684\u4ee3\u5e01\u5316\u56fd\u503a\u4ea7\u54c1\u3002Ethena\u7684\u589e\u957f\u8d1f\u8d23\u4ebaSeraphim Czecker\u8868\u793a\uff0cUSDtb\u6709\u6f5c\u529b\u6269\u5c55\u52301000\u4ebf\u7f8e\u5143\uff0c\u56e0\u4e3a\u8be5\u516c\u53f8\u73b0\u5728\u80fd\u591f\u5728\u770b\u8dcc\u5e02\u573a\u73af\u5883\u4e2d\u6709\u6548\u5730\u5206\u914d\u8d44\u672c\uff0c\u901a\u8fc7\u201c\u56f4\u7ed5\u56fd\u5e93\u5238\u5229\u7387\u521b\u5efaAPY \u2018\u5730\u677f\u2019\u201d\u6765\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\u3002\u201cUSDtb\u5c06\u63a8\u52a8\u5927\u91cf\u8d44\u91d1\u4ece TradFi \u6d41\u5165\u6211\u4eec\u7684\u9886\u57df\uff0c\u201dSeraphim\u603b\u7ed3\u8bf4\u3002<\/p>\n

\u76ee\u524d\uff0cEthena \u5728\u8bb8\u591a\u4e0d\u540c\u7684\u6307\u6807\u4e0a\u786e\u5b9e\u5df2\u7ecf\u8d85\u8d8a\u4e86\u4e00\u5806\u52a0\u5bc6\u539f\u751f\u534f\u8bae\u3002\u5176\u4e2d\u4e4b\u4e00\u662f\u5b83\u4e00\u76f4\u662f\u8d39\u7528\u6700\u9ad8\u7684\u201c\u53d1\u7535\u673a\u201d\u4e4b\u4e00\u3002\u5b83\u66fe\u591a\u6b21\u8d85\u8fc7\u4e86 Tether\u3001Uniswap\u3001Ethereum\u3001Jito\u3001Solana \u7b49\uff0c\u5df2\u7ecf\u6210\u4e3aDeFi\u7528\u6237\u4e92\u52a8\u7684\u91cd\u8981\u9879\u76ee\u3002<\/p>\n<\/p><\/div>\n

\n \u70ed\u95e8\u9879\u76ee\u4ea4\u4e92\u6307\u5357 \u6301\u7eed\u66f4\u65b0\u6709\u7a7a\u6295\u6f5c\u8d28\u7684\u65b0\u83b7\u878d\u8d44\u7684\u9879\u76ee\u3001\u503c\u5f97\u53c2\u4e0e\u7684\u6fc0\u52b1\u6d4b\u8bd5\u7f51\u7b49\u4ea4\u4e92\u6307\u5357\u3002 \u4e13\u9898\n <\/div>\n
\n
\n \u5173\u8054\u6807\u7b7e\n <\/div>\n
\n EthENA USDTb BlackRock BUIDL TradFi\n <\/div>\n<\/p><\/div>\n
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\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u4f5c\u8005\uff1aWeilin\uff0cPANews   12\u670816\u65e5\uff0cDeFi\u9879\u76eeEthena Labs\u5ba3\u5e03\u5176\u65b0\u7a33\u5b9a\u5e01 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-754","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=754"}],"version-history":[{"count":0,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}