{"id":569,"date":"2026-01-17T20:17:56","date_gmt":"2026-01-17T12:17:56","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=569"},"modified":"2026-01-17T20:17:56","modified_gmt":"2026-01-17T12:17:56","slug":"vitalik-%e5%8a%9b%e6%8c%ba%e6%bc%94%e7%ae%97%e6%b3%95%e7%a8%b3%e5%ae%9a%e5%b8%81%ef%bc%8c%e3%80%8cdefi-%e7%9c%9f%e9%ad%82%e3%80%8d%e8%b8%8f%e4%b8%8a%e5%a4%8d%e5%85%b4%e4%b9%8b%e8%b7%af%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=569","title":{"rendered":"Vitalik \u529b\u633a\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\uff0c\u300cDeFi \u771f\u9b42\u300d\u8e0f\u4e0a\u590d\u5174\u4e4b\u8def\uff1f"},"content":{"rendered":"
\"\u76d8\u70b9\u300cV<\/div>\n<\/div>\n
\n
\n
<\/div>\n<\/p><\/div>\n
\n

\u4f5c\u8005\uff1aJae\uff0cPANews<\/strong><\/p>\n

\n

\u300c\u771f\u6b63\u7684 DeFi\u300d\u5e94\u8be5\u662f\u4ec0\u4e48\u6837\u5b50\uff1f\u5f53\u4ee5\u592a\u574a\u8054\u5408\u521b\u59cb\u4eba Vitalik Buterin \u5c06\u7968\u6295\u7ed9\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\uff0c\u4e00\u573a\u5173\u4e8e\u98ce\u9669\u3001\u6cbb\u7406\u4e0e\u8d27\u5e01\u4e3b\u6743\u7684\u53cd\u601d\u88ab\u91cd\u65b0\u70b9\u71c3\u3002<\/p>\n

\u4e00\u5219\u63a8\u6587\uff0c\u8db3\u4ee5\u64bc\u52a8\u4e00\u4e2a\u4ef7\u503c\u5343\u4ebf\u7f8e\u5143\u7684\u53d9\u4e8b\u3002<\/p>\n

2 \u6708 9 \u65e5\uff0cVitalik Buterin \u53d1\u63a8\u629b\u51fa\u4e00\u4e2a\u63b7\u5730\u6709\u58f0\u7684\u89c2\u70b9\uff1a\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u624d\u662f\u300c\u771f\u6b63\u7684 DeFi\u300d\u3002<\/p>\n

\u8fd9\u5e76\u975e\u5bf9\u76ee\u524d\u7a33\u5b9a\u5e01\u683c\u5c40\u7684\u6280\u672f\u5fae\u8c03\u5efa\u8bae\uff0c\u800c\u662f\u4e00\u6b21\u5bf9 DeFi \u5e95\u5c42\u903b\u8f91\u7684\u6743\u5a01\u6b63\u540d\u3002\u5728 USDT \u3001 USDC \u7b49\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u5360\u636e\u7edd\u5bf9\u4e3b\u6d41\u7684\u4eca\u5929\uff0cVitalik \u7684\u8a00\u8bba\u72b9\u5982\u4e00\u679a\u6df1\u6c34\u70b8\u5f39\uff0c\u8ba9\u6c89\u5bc2\u5df2\u4e45\u7684\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u8d5b\u9053\u91cd\u56de\u805a\u5149\u706f\u4e0b\u3002<\/p>\n

\u7a33\u5b9a\u5e01\u98ce\u9669\u89e3\u8026\u53ca\u53bb\u7f8e\u5143\u5316\u8be0\u91ca\u300c\u771f DeFi\u300d\u6807\u51c6<\/h3>\n

Vitalik \u5bf9\u300c\u771f\u5b9e DeFi\u300d\u7684\u5b9a\u4e49\u5efa\u7acb\u5728\u5bf9\u98ce\u9669\u7ed3\u6784\u7684\u89e3\u8026\u4e4b\u4e0a<\/strong>\uff0c\u4ed6\u5c06\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u5206\u4e3a\u4e24\u79cd\u6a21\u5f0f\u3002<\/p>\n

\u7b2c\u4e00\u7c7b\uff0c\u7eaf\u7cb9\u7684\u539f\u751f\u8d44\u4ea7\u62b5\u62bc\u3002<\/strong>\u534f\u8bae\u4ee5 ETH \u53ca\u5176\u884d\u751f\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u7269\u3002\u5373\u4f7f\u7cfb\u7edf\u4e2d 99% \u7684\u6d41\u52a8\u6027\u6765\u81ea\u4e8e CDP\uff08\u62b5\u62bc\u503a\u4ed3\uff09\u6301\u6709\u8005\uff0c\u5176\u672c\u8d28\u662f\u5c06\u7f8e\u5143\u4fa7\u7684\u4ea4\u6613\u5bf9\u624b\u65b9\u98ce\u9669\uff08Counterparty Risk\uff09\u8f6c\u79fb\u7ed9\u5e02\u573a\u53c2\u4e0e\u8005\u548c\u505a\u5e02\u5546\u3002<\/p>\n

\u8fd9\u5c31\u6ca1\u6709\u53ef\u4ee5\u88ab\u51bb\u7ed3\u7684\u94f6\u884c\u5e10\u6237\uff0c\u4e5f\u6ca1\u6709\u4f1a\u7a81\u7136\u5012\u95ed\u7684\u4e2d\u5fc3\u5316\u673a\u6784\u3002<\/strong><\/p>\n

\u7b2c\u4e8c\u7c7b\uff0c\u9ad8\u5ea6\u591a\u5143\u5316\u7684 RWA\uff08\u771f\u5b9e\u4e16\u754c\u8d44\u4ea7\uff09\u62b5\u62bc\u3002<\/strong>\u534f\u8bae\u5373\u4fbf\u5f15\u5165 RWA\uff08\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff09\uff0c\u4f46\u53ea\u8981\u900f\u8fc7\u8d44\u4ea7\u5206\u6563\u5316\u4e0e\u8d85\u989d\u62b5\u62bc\u6765\u5bf9\u51b2\u5355\u4e00\u8d44\u4ea7\u5931\u6548\u7684\u98ce\u9669\uff0c\u5c31\u80fd\u88ab\u89c6\u4e3a\u98ce\u9669\u7ed3\u6784\u7684\u663e\u8457\u4f18\u5316\u3002<\/p>\n

\u5982\u679c\u4e00\u4e2a\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u80fd\u591f\u4fdd\u8bc1\uff1a\u4efb\u4f55\u5355\u4e00 RWA \u7684\u5360\u6bd4\u90fd\u4e0d\u8d85\u8fc7\u7cfb\u7edf\u7684\u8d85\u989d\u62b5\u62bc\u7387\uff0c\u90a3\u4e48\u5373\u4f7f\u5176\u4e2d\u4e00\u9879\u8d44\u4ea7\u53d1\u751f\u8fdd\u7ea6\uff0c\u7a33\u5b9a\u5e01\u6301\u6709\u8005\u7684\u672c\u91d1\u5c31\u4f9d\u7136\u662f\u5b89\u5168\u7684\u3002<\/p>\n

\u66f4\u5177\u524d\u77bb\u6027\u7684\u89c2\u70b9\u662f\uff0cVitalik \u4e3b\u5f20\u7a33\u5b9a\u5e01\u9010\u6b65\u6446\u8131\u5bf9\u7f8e\u5143\u7684\u951a\u5b9a\u3002<\/strong>\u968f\u8457\u4e3b\u6743\u8d27\u5e01\u5728\u957f\u671f\u53ef\u80fd\u9762\u4e34\u7684\u8d2c\u503c\u98ce\u9669\uff0c\u7a33\u5b9a\u5e01\u5e94\u8be5\u9010\u6e10\u5411\u66f4\u5177\u666e\u9002\u6027\u7684\u3001\u57fa\u4e8e\u591a\u6837\u5316\u6307\u6570\u7684\u8bb0\u5e10\u5355\u4f4d\u8fed\u4ee3\uff0c\u6765\u964d\u4f4e\u5bf9\u4efb\u4f55\u5355\u4e00\u6cd5\u5e01\uff0c\u7279\u522b\u662f\u7f8e\u5143\u7684\u4f9d\u8d56\u3002<\/p>\n

\u8fd9\u4e5f\u610f\u5473\u8457\u7a33\u5b9a\u5e01\u7684\u5185\u6db5\u6b63\u5728\u6f14\u53d8\uff0c\u4f8b\u5982\u4ece\u300c\u4ef7\u683c\u7a33\u5b9a\u300d\u8f6c\u5411\u300c\u8d2d\u4e70\u529b\u7a33\u5b9a\u300d\u3002<\/strong><\/p>\n

\"Vitalik<\/p>\n

\u9488\u5bf9 Vitalik \u5bf9\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u7684\u5b9a\u4e49\uff0cPANews \u68b3\u7406\u4e86\u5e02\u573a\u4e2d\u6700\u7b26\u5408\u8fd9\u4e9b\u6807\u51c6\u7684\u9879\u76ee\uff0c\u4f46\u666e\u904d\u9762\u4e34\u8457\u7528\u6237\u83b7\u53d6\u7684\u56f0\u5883\uff0c\u8fd9\u6216\u8bb8\u4e5f\u662f Vitalik \u518d\u6b21\u4e3a\u8fd9\u7c7b\u9879\u76ee\u6447\u65d7\u5450\u558a\u7684\u539f\u56e0\u3002<\/p>\n

USDS\uff1a\u300c\u5c60\u9f99\u5c11\u5e74\u7ec8\u6210\u6076\u9f99\u300d\uff0c\u4e3b\u6d41\u5316\u6269\u5f20\u5f15\u53d1\u4e89\u8bae<\/h3>\n

Vitalik \u63a8\u6587\u540e\uff0c\u521d\u4ee3\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u9f99\u5934 MakerDAO \u7684\u534f\u8bae\u4ee3\u5e01 MKR \u4ef7\u683c\u4e00\u5ea6\u5927\u6da8 18% \u3002<\/p>\n

\u4ee4\u4eba\u73a9\u5473\u7684\u662f\uff0c\u5176\u8f6c\u578b\u540e\u7684 SKY \u4ee3\u5e01\u7684\u4ef7\u683c\u5374\u6ce2\u6f9c\u4e0d\u60ca\uff0c\u8fd9\u79cd\u80cc\u79bb\u672c\u8eab\u5c31\u662f\u4e00\u79cd\u5e02\u573a\u6001\u5ea6\u7684\u8868\u8fbe\u3002<\/p>\n

\u4f5c\u4e3a DeFi \u53d1\u5c55\u53f2\u4e0a\u6700\u5177\u4ee3\u8868\u6027\u7684\u534f\u8bae\u4e4b\u4e00\uff0cMakerDAO \u5728 2024 \u5e74 8 \u6708\u6b63\u5f0f\u66f4\u540d\u4e3a Sky Protocol\uff0c\u5e76\u63a8\u51fa\u4e86\u65b0\u4e00\u4ee3\u7a33\u5b9a\u5e01 USDS\uff0c\u5b8c\u6210\u4e86\u540d\u4e3a\u300cEndgame\u300d\u7684\u7ec8\u5c40\u8f6c\u578b\u3002<\/p>\n

USDS \u5b9a\u4f4d\u4e3a DAI \u7684\u5347\u7ea7\u7248\uff0c\u662f Sky \u7684\u65d7\u8230\u4ea7\u54c1\u3002\u622a\u81f3 2 \u6708 12 \u65e5\uff0cUSDS \u5df2\u8fc5\u901f\u6210\u957f\u4e3a\u5168\u52a0\u5bc6\u5e02\u573a\u7b2c\u4e09\u5927\u7a33\u5b9a\u5e01\uff0c\u5e02\u503c\u8d85\u767e\u4ebf\u7f8e\u5143\u3002<\/p>\n

\"Vitalik<\/p>\n

\u8868\u9762\u4e0a\u770b\uff0c\u8fd9\u662f DeFi \u5de8\u5934\u7684\u6210\u529f\u8fdb\u5316\u3002\u6df1\u5c42\u6765\u770b\uff0c\u8fd9\u5374\u662f\u4e00\u573a\u4ee3\u4ef7\u9ad8\u6602\u7684\u300c\u6210\u5e74\u793c\u300d\u3002<\/p>\n

USDS \u7684\u6536\u76ca\u4e3b\u8981\u6765\u81ea\u4e8e\u5e95\u5c42\u8d44\u4ea7\u7684\u591a\u5143\u5316\u914d\u7f6e\u3002<\/strong>\u00a0Sky \u900f\u8fc7 Star \u6a21\u7ec4\u5316\u751f\u6001\uff0c\u4e5f\u5c31\u662f\u5b50 DAO \u5c06\u62b5\u62bc\u7269\u5206\u914d\u5230\u5305\u542b\u77ed\u671f\u56fd\u503a\u4e0e 3A \u7ea7\u4f01\u4e1a\u503a\u5728\u5185\u7684 RWA \u3002<\/p>\n

\u4ece\u98ce\u9669\u5206\u6563\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u8fd9\u7b26\u5408 Vitalik \u7684\u7b2c\u4e8c\u7c7b\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u6807\u51c6\uff0c\u4f46\u95ee\u9898\u51fa\u5728\u8d44\u4ea7\u7ed3\u6784\u4e0a\u7684\u91cd\u5fc3\u504f\u79fb\u3002<\/p>\n

\u867d\u7136 USDS \u8fc8\u51fa\u4e86\u8d44\u4ea7\u591a\u5143\u5316\u7684\u6b65\u4f10\uff0c\u4f46\u50a8\u5907\u4e2d\u7a33\u5b9a\u5e01\uff08USDC\uff09\u7684\u5360\u6bd4\u8fd1\u516d\u6210\uff0c\u8fdc\u9ad8\u4e8e\u8d85\u989d\u62b5\u62bc\u7684\u90e8\u5206\uff0820%\uff09\u3002<\/p>\n

\u8fd9\u610f\u5473\u8457\uff0cUSDS \u7684\u5e95\u5c42\u4ef7\u503c\u652f\u6491\uff0c\u672c\u8d28\u4e0a\u9ad8\u5ea6\u4f9d\u8d56\u53e6\u4e00\u4e2a\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u3002<\/strong>\u56e0\u6b64\uff0c\u534f\u8bae\u7684\u8f6c\u578b\u59cb\u7ec8\u4f34\u968f\u8457\u4e89\u8bae\u3002<\/p>\n

\"Vitalik<\/p>\n

\u66f4\u8ba9 DeFi \u539f\u6559\u65e8\u4e3b\u4e49\u8005\u96be\u4ee5\u63a5\u53d7\u7684\u662f\uff0c\u534f\u8bae\u5f15\u5165\u4e86\u300c\u51bb\u7ed3\u529f\u80fd\u300d\u3002<\/strong>\u8fd9\u9879\u8bbe\u8ba1\u5141\u8bb8 Sky \u5728\u6536\u5230\u6cd5\u5f8b\u6307\u4ee4\u6216\u53d1\u751f\u5b89\u5168\u4e8b\u6545\u65f6\uff0c\u8fdc\u7aef\u51bb\u7ed3\u7528\u6237\u94b1\u5305\u4e2d\u7684 USDS \u3002<\/p>\n

\u5bf9 Sky \u800c\u8a00\uff0c\u8fd9\u662f\u5e94\u5bf9\u5168\u7403\u76d1\u7ba1\u7684\u52a1\u5b9e\u59a5\u534f\uff1a\u6ca1\u6709\u5408\u89c4\uff0c\u5c31\u6ca1\u6709\u4e3b\u6d41\u91c7\u7528\u3002\u4ece\u6280\u672f\u5c42\u9762\u6765\u770b\uff0cUSDS \u7684\u51bb\u7ed3\u529f\u80fd\u65e8\u5728\u5bf9\u6297\u9a87\u5ba2\u4e0e\u6d17\u94b1\u7b49\u975e\u6cd5\u6d3b\u52a8\uff0c\u8ba9\u5176\u5728\u76d1\u7ba1\u773c\u4e2d\u6210\u4e3a\u4e00\u4e2a\u5408\u89c4\u7684\u91d1\u878d\u5de5\u5177\u3002<\/p>\n

\u4f46\u5bf9 DeFi \u4fe1\u5f92\u800c\u8a00\uff0c\u8fd9\u662f\u4e0d\u53ef\u9976\u6055\u7684\u300c\u5272\u5730\u8d54\u6b3e\u300d\u3002\u90e8\u5206\u793e\u7fa4\u6210\u5458\u8ba4\u4e3a\uff0cSky \u5df2\u7ecf\u80cc\u5f03 DeFi \u6700\u521d\u7684\u6297\u5ba1\u67e5\u627f\u8bfa\uff0c\u4e00\u65e6\u8d4b\u4e88\u534f\u8bae\u51bb\u7ed3\u8d44\u4ea7\u7684\u6743\u529b\uff0cUSDS \u5b9e\u8d28\u4e0a\u5c31\u4e0e USDC \u65e0\u5f02\u3002<\/p>\n

\u663e\u7136\uff0c\u534f\u8bae\u6b63\u671d\u8457 Vitalik \u6240\u671f\u5f85\u7684\u65b9\u5411\u6e10\u884c\u6e10\u8fdc\u3002\u76f8\u8f83\u4e8e\u73b0\u4eca\u7684 Sky \u4e0e USDS\uff0c\u5e02\u573a\u6216\u8bb8\u66f4\u6000\u5ff5\u5f53\u5e74\u7684 MakerDAO \u4e0e DAI \u3002<\/p>\n

LUSD\/BOLD\uff1a\u575a\u5b88 ETH \u672c\u4f4d\uff0c\u8ffd\u6c42\u6cbb\u7406\u6700\u5c0f\u5316<\/h3>\n

\u5982\u679c\u8bf4 Sky \u9009\u62e9\u4e86\u5411\u5916\u6269\u5f20\uff0c\u90a3\u4e48 Liquity \u9009\u62e9\u4e86\u5411\u5185\u6df1\u6f5c\u3002<\/p>\n

Vitalik \u66fe\u591a\u6b21\u7ed9\u4e88 Liquity \u9ad8\u5ea6\u8bc4\u4ef7\uff0c\u5176\u5448\u73b0\u4e86\u534f\u8bae\u300d\u6cbb\u7406\u6700\u5c0f\u5316\u300c\u7684\u9886\u5148\u5f62\u6001\uff0c\u5728\u8bbe\u8ba1\u4e0a\u51e0\u4e4e\u6d88\u9664\u4e86\u5bf9\u4eba\u4e3a\u6cbb\u7406\u7684\u4f9d\u8d56\u3002<\/p>\n

Liquity \u53d1\u884c\u7684\u7a33\u5b9a\u5e01 LUSD\/BOLD \u5b8c\u5168\u7531 ETH \u53ca\u5176\u6d41\u52a8\u6027\u8d28\u62bc\u4ee3\u5e01\uff08LST\uff09\u80cc\u4e66\uff0c\u662f Vitalik \u7b2c\u4e00\u79cd\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u5206\u7c7b\u4e2d\u6700\u5178\u578b\u7684\u4ee3\u8868\u3002<\/p>\n

Liquity V1 \u900f\u8fc7\u5176\u5f00\u521b\u6027\u7684 110% \u6700\u4f4e\u62b5\u62bc\u7387\u4e0e\u521a\u6027\u8d4e\u56de\u673a\u5236\uff0c\u5960\u5b9a\u4e86\u5176\u5728 ETH \u62b5\u62bc\u7c7b\u7a33\u5b9a\u5e01\u4e2d\u7684\u6743\u5a01\u5730\u4f4d\uff0c\u4f46 V1 \u4e5f\u9762\u4e34\u8457\u8d44\u672c\u6548\u7387\u548c\u6d41\u52a8\u6027\u6210\u672c\u7684\u6743\u8861\uff1a<\/p>\n

    \n
  1. \u96f6\u606f\u5229\u7387\uff1a\u7528\u6237\u53ea\u9700\u5728\u85c9\u6b3e\u65f6\u652f\u4ed8\u4e00\u6b21\u6027\u7684\u501f\u8d37\u8d39\uff08\u901a\u5e38\u4e3a 0.5%\uff09\uff0c\u800c\u65e0\u9700\u507f\u8fd8\u968f\u8457\u65f6\u95f4\u7d2f\u79ef\u7684\u5229\u606f\u3002\u867d\u7136 0 \u5229\u606f\u5bf9\u501f\u6b3e\u4eba\u6781\u5177\u5438\u5f15\u529b\uff0c\u4f46\u4e3a\u4e86\u7ef4\u6301 LUSD \u7684\u6d41\u52a8\u6027\uff0c\u534f\u8bae\u5fc5\u987b\u4e0d\u65ad\u652f\u4ed8\u5956\u52b1\uff08\u5982\u589e\u53d1 LQTY \u4ee3\u5e01\uff09\uff0c\u8fd9\u79cd\u6a21\u5f0f\u5728\u7f3a\u4e4f\u957f\u671f\u53ef\u6301\u7eed\u6027\u3002<\/li>\n
  2. 110% \u6700\u4f4e\u62b5\u62bc\u7387\uff1a\u900f\u8fc7\u5373\u65f6\u6e05\u7b97\u7cfb\u7edf\uff08\u7a33\u5b9a\u6027\u6c60\uff09\uff0cLiquity \u5b9e\u73b0\u4e86\u6bd4\u7ade\u4e89\u5bf9\u624b\u66f4\u9ad8\u7684\u8d44\u672c\u6548\u7387\u3002\u5982\u679c ETH \u4ef7\u683c\u4e0b\u8dcc\uff0c\u7cfb\u7edf\u4f1a\u4f18\u5148\u4f7f\u7528\u7a33\u5b9a\u6027\u6c60\u4e2d\u7684 LUSD \u62b5\u6d88\u574f\u5e10\u5e76\u5206\u914d\u62b5\u62bc\u54c1\u3002<\/li>\n
  3. \u786c\u8d4e\u56de\u673a\u5236\uff1a\u4efb\u4f55\u6301\u6709 LUSD \u7684\u7528\u6237\u90fd\u80fd\u4ee5 1 \u7f8e\u5143\u7684\u56fa\u5b9a\u4ef7\u503c\u5728\u534f\u8bae\u4e2d\u8d4e\u56de\u7b49\u503c\u7684 ETH \u3002\u8fd9\u4e3a LUSD \u521b\u9020\u4e86\u4e00\u4e2a\u786c\u6027\u7684\u4ef7\u683c\u5730\u677f\uff0c\u5373\u4f7f\u5728\u6781\u7aef\u884c\u60c5\u4e0b\u4e5f\u53ef\u4ee5\u4fdd\u6301\u951a\u5b9a\u3002<\/li>\n<\/ol>\n

    \u7136\u800c\uff0c\u5355\u4e00\u62b5\u62bc\u54c1\u9650\u5236\u4e5f\u662f\u4e00\u628a\u53cc\u9762\u5203\u3002<\/strong>\u7531\u4e8e LUSD \u4ec5\u652f\u6301 ETH \u62b5\u62bc\uff0c\u5728\u4ee5\u592a\u574a\u8d28\u62bc\u7387\u4e0d\u65ad\u6500\u5347\u7684\u8d8b\u52bf\u4e0b\uff0c\u7528\u6237\u9762\u4e34\u5de8\u5927\u7684\u673a\u4f1a\u6210\u672c\uff0c\u4e5f\u5c31\u662f\u5728\u85c9\u6b3e\u7684\u540c\u65f6\u65e0\u6cd5\u83b7\u5f97\u8d28\u62bc\u6536\u76ca\u3002\u8fd9\u5bfc\u81f4 LUSD \u7684\u4f9b\u5e94\u91cf\u5728\u8fc7\u53bb\u4e24\u5e74\u4e2d\u6301\u7eed\u840e\u7f29\u3002<\/p>\n

    \"Vitalik<\/p>\n

    \u4e3a\u4e86\u89e3\u51b3 V1 \u7684\u5c40\u9650\u6027\uff0cLiquity \u63a8\u51fa\u4e86 V2 \u7248\u672c\u53ca\u65b0\u4e00\u4ee3\u7a33\u5b9a\u5e01 BOLD\uff0c\u5176\u6838\u5fc3\u521b\u65b0\u5728\u4e8e\u5f15\u5165\u4e86\u300c\u7528\u6237\u81ea\u8bbe\u5229\u7387\u300d\u3002<\/p>\n

    \u5728 Liquity V2 \u4e2d\uff0c\u501f\u6b3e\u4eba\u80fd\u591f\u6839\u636e\u81ea\u5df1\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b\u81ea\u884c\u8bbe\u5b9a\u501f\u6b3e\u5229\u7387\u3002\u534f\u8bae\u4f1a\u6839\u636e\u5229\u7387\u9ad8\u4f4e\u5bf9\u503a\u4ed3\u8fdb\u884c\u6392\u5e8f\uff0c\u503a\u4ed3\u5229\u7387\u8d8a\u4f4e\uff0c\u88ab\u4f18\u5148\u300c\u8d4e\u56de\u300d\uff08\u5e73\u4ed3\uff09\u7684\u98ce\u9669\u8d8a\u9ad8\u3002<\/p>\n

      \n
    • \u4f4e\u5229\u7387\u7b56\u7565\uff1a\u9002\u5408\u5bf9\u8d44\u91d1\u6210\u672c\u654f\u611f\u4f46\u613f\u610f\u627f\u62c5\u88ab\u63d0\u524d\u8d4e\u56de\u98ce\u9669\u7684\u4f7f\u7528\u8005\u3002<\/li>\n
    • \u9ad8\u5229\u7387\u7b56\u7565\uff1a\u9002\u5408\u5e0c\u671b\u957f\u671f\u6301\u6709\u90e8\u4f4d\u3001\u62b5\u5fa1\u8d4e\u56de\u98ce\u9669\u7684\u4f7f\u7528\u8005\u3002<\/li>\n<\/ul>\n

      \u8fd9\u5957\u52a8\u6001\u535a\u5f08\u7684\u673a\u5236\u5141\u8bb8\u7cfb\u7edf\u5728\u65e0\u9700\u4eba\u5de5\u5e72\u9884\u7684\u60c5\u51b5\u4e0b\u81ea\u52a8\u5bfb\u627e\u5e02\u573a\u5e73\u8861\uff1a<\/strong>\u501f\u6b3e\u4eba\u4e3a\u4e86\u907f\u514d\u5728 ETH \u4f4e\u8ff7\u65f6\u88ab\u52a8\u5931\u53bb\u62b5\u62bc\u54c1\uff0c\u4f1a\u503e\u5411\u4e8e\u8bbe\u7f6e\u66f4\u9ad8\u7684\u5229\u7387\uff0c\u800c\u8fd9\u4e9b\u5229\u7387\u76f4\u63a5\u6d41\u5411 BOLD \u7684\u5b58\u6b3e\u4eba\uff0c\u4ece\u800c\u5728\u4e0d\u4f9d\u8d56\u4ee3\u5e01\u6392\u653e\u7684\u60c5\u51b5\u4e0b\u521b\u9020\u4e86\u771f\u5b9e\u6536\u76ca\u3002<\/p>\n

      \u6b64\u5916\uff0cV2 \u4e5f\u6253\u7834\u4e86\u5355\u4e00\u8d44\u4ea7\u7684\u9650\u5236\uff0c\u589e\u52a0\u4e86\u5bf9 wstETH \u4e0e rETH \u7684\u652f\u6301\u3002<\/strong>\u900f\u8fc7\u8fd9\u79cd\u65b9\u5f0f\uff0c\u7528\u6237\u80fd\u591f\u5728\u83b7\u5f97 BOLD \u6d41\u52a8\u6027\u7684\u540c\u65f6\uff0c\u7ee7\u7eed\u8d5a\u53d6\u8d28\u62bc\u5956\u52b1\u3002<\/p>\n

      \u66f4\u91cd\u8981\u7684\u662f\uff0cV2 \u8fd8\u5f15\u5165\u4e86\u300c\u4e00\u952e\u4e58\u6570\u300d\u529f\u80fd\uff0c\u8ba9\u4f7f\u7528\u8005\u53ef\u4ee5\u5229\u7528\u5faa\u73af\u6760\u6746\u5c06\u5176\u5bf9 ETH \u7684\u66dd\u9669\u63d0\u5347\u81f3 11 \u500d\uff0c\u5927\u5e45\u63d0\u9ad8\u4e86\u7cfb\u7edf\u7684\u8d44\u672c\u6548\u7387\u3002<\/p>\n

      Liquity \u7684\u6f14\u5316\uff0c\u662f\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u4ece\u7406\u60f3\u4e3b\u4e49\u8fc8\u5411\u5b9e\u7528\u4e3b\u4e49\u7684\u575a\u5b9e\u4e00\u6b65\u3002<\/p>\n

      RAI\uff1a\u5de5\u4e1a\u601d\u60f3\u9a71\u52a8\u7684\u8d27\u5e01\u5b9e\u9a8c\uff0c\u6301\u5e01\u673a\u4f1a\u6210\u672c\u8fc7\u9ad8<\/h3>\n

      \u5982\u679c\u8bf4 Liquity \u662f\u52a1\u5b9e\u6d3e\uff0c\u90a3\u4e48 Reflexer \u5219\u662f\u4e0d\u6298\u4e0d\u6263\u7684\u7406\u60f3\u6d3e\u3002<\/p>\n

      \u534f\u8bae\u53d1\u884c\u7684\u7a33\u5b9a\u5e01 RAI \u4e0d\u6302\u94a9\u4efb\u4f55\u6cd5\u5e01\uff0c\u5176\u4ef7\u683c\u900f\u8fc7\u4e00\u5957\u6e90\u81ea\u5de5\u4e1a\u63a7\u5236\u9886\u57df\u7684 PID \u6f14\u7b97\u6cd5\u6765\u8c03\u8282\u3002<\/p>\n

      RAI \u8ffd\u6c42\u7684\u5e76\u975e 1 \u7f8e\u5143\u7684\u56fa\u5b9a\u4ef7\u683c\uff0c\u800c\u662f\u6781\u4f4e\u7684\u4ef7\u683c\u6ce2\u52a8\u6027\u3002<\/p>\n

      \u5f53 RAI \u7684\u5e02\u573a\u4ef7\u683c\u504f\u79bb\u5176\u5185\u90e8\u7684\u300c\u8d4e\u56de\u4ef7\u683c\u300d\u65f6\uff0cPID \u6f14\u7b97\u6cd5\u4f1a\u81ea\u52a8\u8c03\u6574\u8d4e\u56de\u7387\uff0c\u4e5f\u5c31\u662f\u7cfb\u7edf\u5185\u7684\u6709\u6548\u5229\u7387\u3002<\/p>\n

        \n
      • \n

        \u6b63\u5411\u504f\u79bb\uff1a\u5e02\u4ef7> \u8d4e\u56de\u4ef7\u2192 \u8d4e\u56de\u7387\u53d8\u4e3a\u8d1f\u6570\u2192 \u8d4e\u56de\u4ef7\u683c\u4e0b\u964d\u2192 \u501f\u6b3e\u4eba\u503a\u52a1\u51cf\u5c11\uff0c\u6fc0\u52b1\u5176\u94f8\u9020\u5e76\u5356\u51fa RAI \u4ee5\u83b7\u5229\u3002<\/p>\n<\/li>\n

      • \n

        \u8d1f\u504f\u79bb\uff1a\u5e02\u4ef7< \u8d4e\u56de\u4ef7\u2192 \u8d4e\u56de\u7387\u53d8\u4e3a\u6b63\u6570\u2192 \u8d4e\u56de\u4ef7\u683c\u4e0a\u5347\u2192 \u501f\u6b3e\u4eba\u503a\u52a1\u589e\u52a0\uff0c\u6fc0\u52b1\u5176\u5728\u5e02\u573a\u4e0a\u4e70\u56de RAI \u4ee5\u5e73\u4ed3\u3002<\/p>\n<\/li>\n<\/ul>\n

        \u5c3d\u7ba1\u83b7\u5f97 Vitalik \u591a\u6b21\u8d5e\u8a89\uff0cRAI \u7684\u53d1\u5c55\u4e4b\u8def\u5374\u5e03\u6ee1\u8346\u68d8\u3002<\/p>\n

          \n
        1. \u7528\u6237\u8ba4\u77e5\u969c\u788d\uff1aRAI \u88ab\u620f\u79f0\u4e3a\u300c\u653e\u8840\u5e01\u300d\uff0c\u56e0\u5176\u957f\u671f\u5b58\u5728\u7684\u8d1f\u5229\u7387\u73b0\u8c61\u5f80\u5f80\u8ba9 RAI \u6301\u6709\u8005\u7684\u8d44\u4ea7\u4ef7\u503c\u968f\u65f6\u95f4\u6301\u7eed\u7f29\u6c34\u3002<\/li>\n
        2. \u6d41\u52a8\u6027\u532e\u4e4f\uff1a\u7531\u4e8e\u4e0d\u951a\u5b9a\u7f8e\u5143\uff0cRAI \u5728\u652f\u4ed8\u4e0e\u4ea4\u6613\u573a\u666f\u4e2d\u96be\u4ee5\u88ab\u5e7f\u6cdb\u91c7\u7528\uff0c\u5176\u4f5c\u4e3a\u62b5\u62bc\u54c1\u7684\u7528\u9014\u4ec5\u9650\u4e8e\u72ed\u7a84\u7684\u6781\u5ba2\u5708\u5c42\u3002<\/li>\n
        3. \u8ba1\u7b97\u590d\u6742\uff1a\u76f8\u8f83\u4e8e Liquity \u6052\u5b9a\u7684 1 \u7f8e\u5143\u6302\u94a9\uff0cRAI \u7684 PID \u8c03\u8282\u6a21\u578b\u5bf9\u6295\u8d44\u4eba\u800c\u8a00\u96be\u4ee5\u5efa\u7acb\u9884\u6d4b\u6a21\u578b\u3002<\/li>\n<\/ol>\n

          RAI \u8bc1\u660e\u4e86\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u5728\u7406\u8bba\u4e0a\u7684\u4f18\u96c5\uff0c\u4e5f\u63ed\u9732\u4e86\u5728\u7528\u6237\u91c7\u7eb3\u4e0a\u7684\u6b8b\u9177\u73b0\u5b9e\u3002<\/p>\n

          Nuon\uff1a\u951a\u5b9a\u8d2d\u4e70\u529b\u6307\u6570\u7684\u5e73\u4ef7\u5e01\uff0c\u9ad8\u5ea6\u4f9d\u8d56\u9884\u8a00\u673a<\/h3>\n

          \u968f\u8457\u5168\u7403\u901a\u81a8\u538b\u529b\u7684\u52a0\u5267\uff0c\u4e00\u79cd\u66f4\u6fc0\u8fdb\u7684\u7a33\u5b9a\u5e01\u8303\u5f0f Flatcoins\uff08\u5e73\u4ef7\u5e01\uff09\u6216\u5c06\u5174\u8d77\u3002\u8fd9\u7c7b\u7a33\u5b9a\u5e01\u7684\u76ee\u6807\u4e0d\u662f\u6302\u94a9\u4e00\u5f20\u7eb8\u5e01\uff0c\u800c\u662f\u951a\u5b9a\u771f\u5b9e\u7684\u751f\u6d3b\u6210\u672c\u6216\u8d2d\u4e70\u529b\u3002<\/strong><\/p>\n

          \u4f20\u7edf\u7a33\u5b9a\u5e01\uff08USDT\/USDC\uff09\u7684\u8d2d\u4e70\u529b\u5728\u901a\u81a8\u73af\u5883\u4e0b\u662f\u5728\u7f29\u6c34\u7684\u3002<\/strong>\u5047\u8bbe\u7f8e\u5143\u6bcf\u5e74\u7684\u8d2d\u4e70\u529b\u4e0b\u964d 5%\uff0c\u6301\u6709\u4f20\u7edf\u7a33\u5b9a\u5e01\u7684\u7528\u6237\u5b9e\u9645\u4e0a\u627f\u53d7\u9690\u6027\u7684\u8d44\u672c\u635f\u5931\u3002\u76f8\u8f83\u4e4b\u4e0b\uff0cFlatcoins \u900f\u8fc7\u8ffd\u8e2a\u72ec\u7acb\u7684\u751f\u6d3b\u6210\u672c\u6307\u6570\uff08CPI\uff09\uff0c\u52a8\u6001\u8c03\u6574\u5176\u9762\u503c\u3002<\/p>\n

          \u4ee5\u9996\u4e2a\u57fa\u4e8e\u751f\u6d3b\u6210\u672c\uff08Cost of Living\uff09\u7684 Flatcoin \u534f\u8bae Nuon \u4e3a\u4f8b\uff0c\u5c06\u900f\u8fc7\u63a5\u5165\u7ecf\u94fe\u4e0a\u9a8c\u8bc1\u7684\u5373\u65f6\u901a\u81a8\u6570\u636e\uff0c\u52a8\u6001\u8c03\u6574\u951a\u5b9a\u76ee\u6807\u3002<\/p>\n

            \n
          1. \u76ee\u6807\u8d44\u4ea7\uff1a\u4e00\u7bee\u5b50\u5305\u542b\u98df\u54c1\u3001\u4f4f\u623f\u3001\u80fd\u6e90\u548c\u4ea4\u901a\u7684\u6d88\u8d39\u6307\u6570\u3002<\/li>\n
          2. \u8d2d\u4e70\u529b\u5e73\u4ef7\uff1a\u5982\u679c\u7d22\u5f15\u6570\u636e\u663e\u793a\u7f8e\u56fd\u751f\u6d3b\u6210\u672c\u4e0a\u6da8\u4e86 5%\uff0cNuon \u7684\u76ee\u6807\u4ef7\u4e5f\u4f1a\u76f8\u5e94\u4e0a\u6da8 5%\uff0c\u4ece\u800c\u4fdd\u8bc1\u6301\u6709\u8005\u624b\u4e2d\u7684 1 \u679a Nuon \u5728\u672a\u6765\u4ecd\u80fd\u4e70\u5230\u540c\u7b49\u6570\u91cf\u7684\u5546\u54c1\u4e0e\u670d\u52a1\u3002<\/li>\n
          3. \u673a\u5236\u903b\u8f91\uff1aNuon \u91c7\u7528\u8d85\u989d\u62b5\u62bc\u673a\u5236\uff0c\u5f53\u901a\u81a8\u6307\u6570\u53d8\u52a8\u65f6\uff0c\u6f14\u7b97\u6cd5\u4f1a\u81ea\u52a8\u8c03\u6574\u94f8\u9020\/\u9500\u6bc1\u903b\u8f91\uff0c\u4fdd\u969c\u6301\u6709\u8005\u7684\u5b9e\u9645\u4ef7\u503c\u4e0d\u4f1a\u88ab\u4fb5\u8680\u3002<\/li>\n<\/ol>\n

            \u5bf9\u4e8e\u8eab\u5904\u571f\u8033\u5176\u3001\u963f\u6839\u5ef7\u7b49\u9ad8\u901a\u81a8\u56fd\u5bb6\u7684\u5c45\u6c11\u800c\u8a00\uff0c\u4f20\u7edf\u7684\u7f8e\u5143\u7a33\u5b9a\u5e01\u867d\u7136\u53ef\u4ee5\u7f13\u89e3\u672c\u5e01\u8d2c\u503c\u7684\u538b\u529b\uff0c\u4f46\u4f9d\u7136\u65e0\u6cd5\u8eb2\u8fc7\u7f8e\u5143\u901a\u81a8\u7684\u300c\u9690\u6027\u7a0e\u6536\u300d\u3002 Flatcoins \u7684\u51fa\u73b0\u5219\u4e3a\u6297\u901a\u81a8\u3001\u7ef4\u6301\u8d2d\u4e70\u529b\u63d0\u4f9b\u4e86\u4e00\u4e2a\u975e\u7f8e\u5143\u3001\u53bb\u4e2d\u5fc3\u5316\u7684\u65b0\u9009\u62e9\u3002<\/p>\n

            \u5c3d\u7ba1 Flatcoins \u7684\u8bbe\u8ba1\u7406\u5ff5\u6781\u5177\u524d\u77bb\u6027\uff0c\u4f46\u5728\u5b9e\u52a1\u4e0a\u5374\u8574\u542b\u8457\u5de8\u5927\u7684\u6280\u672f\u98ce\u9669\u3002<\/strong>\u751f\u6d3b\u6210\u672c\u6307\u6570\u7684\u7ec4\u6210\u76f8\u5f53\u590d\u6742\uff0c\u5176\u8d44\u6599\u771f\u5b9e\u6027\u4e3b\u8981\u53d6\u51b3\u4e8e\u9884\u8a00\u673a\u7cfb\u7edf\u7684\u7a33\u5065\u6027\u3002<\/p>\n

            \u7136\u800c\uff0c\u901a\u81a8\u8d44\u6599\u7684\u94fe\u4e0a\u5316\u8fc7\u7a0b\u6d3b\u6210\u4e3a\u653b\u51fb\u8005\u7684\u6e29\u5e8a\uff0c\u4efb\u4f55\u9488\u5bf9\u8d44\u6599\u6765\u6e90\u7684\u5fae\u5c0f\u64cd\u7eb5\uff0c\u90fd\u6709\u53ef\u80fd\u76f4\u63a5\u5bfc\u81f4 Flatcoins \u6301\u6709\u8005\u7684\u8d2d\u4e70\u529b\u77ac\u95f4\u84b8\u53d1\u3002<\/p>\n

            \u6b64\u5916\uff0cFlatcoins \u7684\u52a8\u6001\u5e73\u8861\u9700\u8981\u5145\u8db3\u7684\u6d41\u52a8\u6027\u652f\u63f4\u3002<\/strong>\u5728\u6781\u7aef\u884c\u60c5\u4e0b\uff0c\u5957\u5229\u8005\u662f\u5426\u613f\u610f\u7ef4\u6301\u4e00\u4e2a\u4e0d\u65ad\u4e0a\u5347\u7684\u951a\u5b9a\u76ee\u6807\u4ecd\u6709\u5f85\u89c2\u5bdf\u3002<\/p>\n

            Flatcoins \u662f\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u53d9\u4e8b\u7684\u4e00\u6b21\u5927\u80c6\u8dc3\u8fc1\uff0c\u4f46\u4ece\u6982\u5ff5\u5230\u91c7\u7528\uff0c\u4e2d\u95f4\u6a2a\u4e98\u8457\u79d1\u6280\u4e0e\u91d1\u878d\u7684\u6df1\u8c37\u3002<\/p>\n

            \u4ece Liquity \u7684\u672c\u4f4d\u575a\u5b88\uff0c\u5230 Reflexer \u7684\u8d27\u5e01\u5b9e\u9a8c\uff0c\u518d\u5230 Flatcoins \u7684\u6fc0\u8fdb\u5c1d\u8bd5\uff0c\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u7684\u753b\u5377\u6b63\u5448\u73b0\u51fa\u524d\u6240\u672a\u6709\u7684\u591a\u6837\u6027\u548c\u601d\u60f3\u6df1\u5ea6\u3002<\/p>\n

            \u76ee\u524d\uff0c\u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u4ecd\u53d7\u56f0\u4e8e\u8d44\u672c\u6548\u7387\u3001\u6d41\u52a8\u6027\u4e0d\u8db3\u548c\u7528\u6237\u4f53\u9a8c\u7684\u684e\u688f\uff0c\u4f46\u5176\u6240\u4ee3\u8868\u7684\u98ce\u9669\u89e3\u8026\u3001\u6cbb\u7406\u6700\u5c0f\u5316\u4ee5\u53ca\u8d27\u5e01\u4e3b\u6743\u7406\u5ff5\uff0c\u59cb\u7ec8\u662f DeFi \u7684\u5723\u676f\u3002<\/p>\n

            \u6f14\u7b97\u6cd5\u7a33\u5b9a\u5e01\u7684\u590d\u5174\u4e4b\u8def\uff0c\u624d\u521a\u8d77\u6b65\u3002<\/p>\n

            \n

            \uff08\u4ee5\u4e0a\u5185\u5bb9\u83b7\u5408\u4f5c\u4f19\u4f34 PANews <\/strong>\u6388\u6743\u8282\u5f55\u53ca\u8f6c\u8f7d\uff0c\u539f\u6587\u8fde\u7ed3 \u00a0<\/strong><\/em>\uff09<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

            \u4f5c\u8005\uff1aJae\uff0cPANews \u300c\u771f\u6b63\u7684 DeFi\u300d\u5e94\u8be5\u662f\u4ec0\u4e48\u6837\u5b50\uff1f\u5f53\u4ee5\u592a\u574a\u8054\u5408\u521b\u59cb\u4eba Vitalik Buter […]<\/p>\n","protected":false},"author":2,"featured_media":570,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=569"}],"version-history":[{"count":0,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/570"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}