{"id":3393,"date":"2026-02-15T19:12:29","date_gmt":"2026-02-15T11:12:29","guid":{"rendered":"http:\/\/www.jineng168.com\/?p=3393"},"modified":"2026-02-15T19:12:29","modified_gmt":"2026-02-15T11:12:29","slug":"%e5%af%b9%e8%af%9d-aave-%e5%88%9b%e5%a7%8b%e4%ba%ba%ef%bc%9agenius-%e6%b3%95%e6%a1%88%e5%b7%b2%e9%80%9a%e8%bf%87%ef%bc%8c%e7%a8%b3%e5%ae%9a%e5%b8%81%e7%bb%88%e5%b0%86%e6%88%90%e4%b8%ba%e9%87%91","status":"publish","type":"post","link":"http:\/\/www.jineng168.com\/?p=3393","title":{"rendered":"\u5bf9\u8bdd Aave \u521b\u59cb\u4eba\uff1aGENIUS \u6cd5\u6848\u5df2\u901a\u8fc7\uff0c\u7a33\u5b9a\u5e01\u7ec8\u5c06\u6210\u4e3a\u91d1\u878d\u4f53\u7cfb\u7684\u57fa\u77f3"},"content":{"rendered":"<h1 class=\"art_tit\">\u5bf9\u8bdd Aave \u521b\u59cb\u4eba\uff1aGENIUS \u6cd5\u6848\u5df2\u901a\u8fc7\uff0c\u7a33\u5b9a\u5e01\u7ec8\u5c06\u6210\u4e3a\u91d1\u878d\u4f53\u7cfb\u7684\u57fa\u77f3<\/h1>\n<div class=\"content_text\">\n<div class=\"quote\">                        \u53ea\u8981\u7f8e\u56fd\u653f\u5e9c\u652f\u6301\u7a33\u5b9a\u5e01\uff0c\u7a33\u5b9a\u5e01\u5c31\u53ea\u4f1a\u589e\u5f3a\u7f8e\u5143\u7684\u5f71\u54cd\u529b\uff0c\u800c\u4e0d\u662f\u524a\u5f31\u5b83\u3002                    <\/div>\n<p><span>\u6574\u7406 &amp; \u7f16\u8bd1\uff1a\u6df1\u6f6eTechFlow<\/span><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250530\/a5b8aa6cbd27897d0105d6cfeb803ab2.jpg\" \/><\/p>\n<p><strong>\u5609\u5bbe<\/strong>\uff1aSam Kazemian\uff0cFrax Finance \u521b\u59cb\u4eba\uff1bStani Kulechov\uff0cAave \u521b\u59cb\u4eba<\/p>\n<p><strong>\u4e3b\u6301\u4eba<\/strong>\uff1aRobbie<\/p>\n<p><strong>\u64ad\u5ba2\u6e90<\/strong>\uff1aThe Rollup<\/p>\n<p><strong>\u539f\u6807\u9898<\/strong>\uff1aHow The Genius Act Could Change The Dollar Forever &#8211; Sam Kazemian &amp; Stani Kulechov<\/p>\n<p><strong>\u64ad\u51fa\u65e5\u671f<\/strong>\uff1a2025\u5e745\u670829\u65e5<\/p>\n<h2>\u8981\u70b9\u603b\u7ed3<\/h2>\n<p>Sam Kazemian (Frax Finance \u7684\u521b\u59cb\u4eba) \u548c Stani Kulechov (Aave \u7684\u521b\u59cb\u4eba) \u6700\u8fd1\u53c2\u4e0e\u4e86\u4e00\u573a\u5173\u4e8e GENIUS Act \u7684\u8ba8\u8bba\u3002\u8fd9\u9879\u5173\u952e\u7acb\u6cd5\u53ef\u80fd\u4f1a\u5c06\u7a33\u5b9a\u5e01\u6b63\u5f0f\u786e\u7acb\u4e3a\u5408\u6cd5\u8d27\u5e01\uff0c\u610f\u4e49\u91cd\u5927\u3002<\/p>\n<p>\u7f8e\u5143\u6b63\u5728\u52a0\u901f\u201c\u4e0a\u94fe\u201d\uff0c\u8fd9\u4e00\u8d8b\u52bf\u6b63\u5728\u6539\u53d8\u4f20\u7edf\u91d1\u878d\u683c\u5c40\u3002\u6211\u4eec\u6df1\u5165\u63a2\u8ba8\u4e86\u8fd9\u4e00\u53d8\u5316\u7684\u610f\u4e49\u3001\u94f6\u884c\u4e3a\u4f55\u5bf9\u6b64\u6301\u53cd\u5bf9\u6001\u5ea6\uff0c\u4ee5\u53ca Frax \u548c Aave \u5982\u4f55\u4e3a\u8fd9\u79cd\u8f6c\u53d8\u505a\u597d\u51c6\u5907\u3002<\/p>\n<p>\u5728\u8ba8\u8bba\u4e2d\uff0cSam \u8be6\u7ec6\u4ecb\u7ecd\u4e86 FrxUSD\uff0c\u5e76\u89e3\u91ca\u4e86\u4e3a\u4ec0\u4e48\u7a33\u5b9a\u5e01\u548c\u4eba\u5de5\u667a\u80fd (AI) \u662f\u5f53\u524d\u6700\u53d7\u5173\u6ce8\u7684\u9886\u57df\u3002\u800c Stani \u5219\u5206\u4eab\u4e86\u4ed6\u7684\u89c2\u70b9\uff0c\u8ba4\u4e3a\u8bc1\u5238\u578b\u4ee3\u5e01\u53ef\u80fd\u4f1a\u6210\u4e3a\u94fe\u4e0a\u6700\u5927\u7684\u8d44\u4ea7\u7c7b\u522b\u3002\u5c3d\u7ba1\u76ee\u524d\u7a33\u5b9a\u5e01\u4ec5\u5360\u7f8e\u5143\u6d41\u901a\u91cf\u7684 1.1%\uff0c\u4f46\u8fd9\u79cd\u6bd4\u4f8b\u53ef\u80fd\u5f88\u5feb\u4f1a\u53d1\u751f\u663e\u8457\u53d8\u5316\u3002<\/p>\n<h3>\u7cbe\u5f69\u89c2\u70b9\u6458\u8981<\/h3>\n<ul>\n<li>\n<p>\u7a33\u5b9a\u5e01\u3001DeFi \u7b49\u6280\u672f\u7ec8\u5c06\u6210\u4e3a\u91d1\u878d\u4f53\u7cfb\u7684\u57fa\u77f3\u3002<\/p>\n<\/li>\n<li>\n<p>\u7b80\u5355\u7684\u4e1c\u897f\u66f4\u5bb9\u6613\u6269\u5c55\uff0c\u8fd9\u4e00\u70b9\u5728\u52a0\u5bc6\u9886\u57df\u4e5f\u9002\u7528\u3002\u7a33\u5b9a\u5e01\u7684\u6982\u5ff5\u975e\u5e38\u7b80\u5355\uff0c\u8fd9\u4e5f\u662f\u5b83\u80fd\u591f\u6539\u53d8\u4eba\u4eec\u5bf9\u52a0\u5bc6\u8d27\u5e01\u770b\u6cd5\u7684\u91cd\u8981\u539f\u56e0\u4e4b\u4e00\u3002<\/p>\n<\/li>\n<li>\n<p>\u53ea\u8981\u7f8e\u56fd\u653f\u5e9c\u652f\u6301\u7a33\u5b9a\u5e01\uff0c\u7a33\u5b9a\u5e01\u5c31\u53ea\u4f1a\u589e\u5f3a\u7f8e\u5143\u7684\u5f71\u54cd\u529b\uff0c\u800c\u4e0d\u662f\u524a\u5f31\u5b83\u3002<\/p>\n<\/li>\n<li>\n<p>\u5728\u52a0\u5bc6\u9886\u57df\uff0c\u6211\u4eec\u9700\u8981\u786e\u4fdd\u521b\u65b0\u4e0d\u4f1a\u56e0\u4e3a\u76d1\u7ba1\u800c\u6d88\u5931\u3002\u6211\u5bf9\u672a\u6765\u4ecd\u7136\u62b1\u6709\u4e50\u89c2\u6001\u5ea6\u3002\u53ea\u8981\u6211\u4eec\u80fd\u591f\u5728\u76d1\u7ba1\u4e0e\u521b\u65b0\u4e4b\u95f4\u627e\u5230\u5e73\u8861\uff0c\u5c31\u53ef\u4ee5\u6784\u5efa\u4e00\u4e2a\u66f4\u900f\u660e\u3001\u66f4\u9ad8\u6548\u7684\u91d1\u878d\u7cfb\u7edf\uff0c\u4e3a\u5168\u7403\u7528\u6237\u63d0\u4f9b\u66f4\u597d\u7684\u670d\u52a1\u3002<\/p>\n<\/li>\n<li>\n<p>\u5168\u7403 20 \u4e07\u4ebf\u7f8e\u5143\u7684 M1 \u8d27\u5e01\u4f9b\u5e94\u5b8c\u5168\u53ef\u4ee5\u901a\u8fc7\u7a33\u5b9a\u5e01\u8f6c\u5316\u4e3a\u6570\u5b57\u5f62\u5f0f\u3002\u76ee\u524d\uff0c\u6211\u4eec\u53ea\u5b9e\u73b0\u4e86\u5927\u7ea6 1% \u7684\u8f6c\u6362\uff0c\u4ece Web 2 \u7684\u4f20\u7edf\u91d1\u878d\u4e16\u754c\u8f6c\u5411 Web 3 \u7684\u6570\u5b57\u7f8e\u5143\u3002\u56e0\u6b64\uff0c\u5173\u952e\u5728\u4e8e\u5efa\u7acb\u4e00\u4e2a\u57fa\u7840\u7684\u6570\u5b57\u7f8e\u5143\u4f53\u7cfb\uff0c\u6bd4\u5982 FRX USD\u3001USDC \u6216\u94f6\u884c\u53d1\u884c\u7684\u7a33\u5b9a\u5e01\u3002<\/p>\n<\/li>\n<\/ul>\n<h2>\u5927\u89c4\u6a21\u7a33\u5b9a\u5e01\u91c7\u7528<\/h2>\n<p><strong>Robbie\uff1a<\/strong><\/p>\n<p>\u5927\u5bb6\u597d\uff0c\u6b22\u8fce\u6765\u300aRoll Up\u300b\u3002\u4eca\u5929\u6211\u4eec\u5f88\u9ad8\u5174\u9080\u8bf7\u5230\u4e24\u4f4d\u7a33\u5b9a\u5e01\u9886\u57df\u7684\u4e13\u5bb6\u2014\u2014Frax \u7684 Sam \u548c Aave \u7684 Stani\u3002\u7a33\u5b9a\u5e01\u6b63\u5728\u5feb\u901f\u5d1b\u8d77\uff0c\u6211\u8ba4\u4e3a\u8fd9\u662f\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\u5c11\u6570\u771f\u6b63\u627e\u5230\u4e86\u5e02\u573a\u5951\u5408\u70b9\u7684\u4ea7\u54c1\u4e4b\u4e00\u3002\u6211\u4eec\u770b\u5230\u7a33\u5b9a\u5e01\u76f8\u5173\u7684\u76d1\u7ba1\u6cd5\u6848\u5728\u7f8e\u56fd\u56fd\u4f1a\u4e24\u9662\u8fc5\u901f\u63a8\u8fdb\uff0c\u76ee\u524d\u7a33\u5b9a\u5e01\u5df2\u7ecf\u5360\u5230\u6d41\u901a\u7f8e\u5143\u7684 1.1%\uff0c\u672a\u6765\u53ea\u4f1a\u7ee7\u7eed\u589e\u957f\u3002<strong>\u4f60\u4eec\u5bf9\u4e8e\u7a33\u5b9a\u5e01\u9886\u57df\u7684\u73b0\u72b6\u6709\u4ec0\u4e48\u770b\u6cd5\uff1f<\/strong><\/p>\n<p><strong>Sam Kazemian\uff1a<\/strong><\/p>\n<p>\u6211\u5176\u5b9e\u4e00\u76f4\u5728\u52aa\u529b\u63a7\u5236\u81ea\u5df1\u7684\u5174\u594b\u60c5\u7eea\uff0c\u73b0\u5728\u7684\u60c5\u51b5\u8ba9\u6211\u611f\u5230\u65e0\u6bd4\u6fc0\u52a8\u3002<strong>\u6211\u6ca1\u60f3\u5230\u7a33\u5b9a\u5e01\u7684\u53d1\u5c55\u4f1a\u5230\u8fbe\u4eca\u5929\u8fd9\u6837\u7684\u9ad8\u5ea6\uff0c\u76ee\u524d\u5168\u7403\u6700\u4ee4\u4eba\u77a9\u76ee\u7684\u4e24\u4e2a\u884c\u4e1a\u662f\u4eba\u5de5\u667a\u80fd\u548c\u7a33\u5b9a\u5e01\u3002<\/strong>\u5728\u5f53\u524d\u7684\u5e02\u573a\u73af\u5883\u4e2d\uff0c\u6ca1\u6709\u5176\u4ed6\u884c\u4e1a\u80fd\u4e0e\u4e4b\u5339\u654c\u3002\u770b\u5230\u81ea\u5df1\u591a\u5e74\u6765\u52aa\u529b\u7684\u9886\u57df\u8fbe\u5230\u8fd9\u6837\u7684\u5dc5\u5cf0\uff0c\u771f\u662f\u4ee4\u4eba\u6b23\u6170\u3002\u53ef\u4ee5\u8bf4\uff0c\u4e16\u754c\u7ec8\u4e8e\u5f00\u59cb\u5173\u6ce8\u5e76\u8ba4\u53ef\u8fd9\u4e00\u5207\u4e86\u3002<\/p>\n<p>\u6211\u77e5\u9053 Stani \u88ab\u79f0\u4e3a DeFi \u7684\u201c\u6559\u7236\u201d\uff0c\u4ed6\u53ef\u80fd\u65e9\u5c31\u4f53\u4f1a\u8fc7\u8fd9\u79cd\u6210\u5c31\u611f\u3002\u5f53\u4f60\u5728 DeFi \u9886\u57df\u6df1\u8015\u591a\u5e74\uff0c\u6700\u7ec8\u6574\u4e2a\u4e16\u754c\u4e5f\u7ad9\u5728\u4e86\u4f60\u7684\u7acb\u573a\u4e0a\uff0c\u90a3\u79cd\u611f\u89c9\u4e00\u5b9a\u4e0e\u4f17\u4e0d\u540c\u3002\u5728\u672c\u5468\u4e00\u901a\u8fc7 Genius Act \u4e4b\u540e\uff0c\u7a33\u5b9a\u5e01\u9886\u57df\u6700\u4e0d\u786e\u5b9a\u548c\u6700\u56f0\u96be\u7684\u90e8\u5206\u5df2\u7ecf\u8fc7\u53bb\u4e86\u3002\u7f8e\u56fd\u7684\u653f\u6cbb\u548c\u7acb\u6cd5\u4f53\u7cfb\u975e\u5e38\u590d\u6742\uff0c\u5f88\u591a\u4eba\u5176\u5b9e\u5e76\u4e0d\u6e05\u695a\u5176\u4e2d\u7684\u8fd0\u4f5c\u673a\u5236\u3002\u56fd\u4f1a\u7684\u53cc\u9662\u5236\u7acb\u6cd5\u673a\u6784\u9700\u8981\u8fdb\u884c\u591a\u8f6e\u6295\u7968\uff0c\u7ecf\u5e38\u8ba9\u4eba\u611f\u5230\u56f0\u60d1\uff0c\u6bd4\u5982\u201c\u600e\u4e48\u53c8\u6765\u4e00\u8f6e\u6295\u7968\uff1f\u201d\u4f46\u6700\u7ec8\uff0c\u9664\u975e\u53d1\u751f\u91cd\u5927\u53d8\u5316\uff0c\u6bd4\u5982\u5171\u548c\u515a\u4f18\u5148\u4e8b\u9879\u7684\u8c03\u6574\uff08\u8fd9\u79cd\u53ef\u80fd\u6027\u6781\u4f4e\uff09\uff0c\u67d0\u79cd\u5f62\u5f0f\u7684\u7a33\u5b9a\u5e01\u6cd5\u6848\u6216\u5176\u4f17\u8bae\u9662\u7248\u672c\u5c06\u4f1a\u901a\u8fc7\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u867d\u7136\u76ee\u524d\u53c2\u8bae\u9662\u901a\u8fc7\u4e86\u4e00\u4e9b\u6cd5\u6848\uff0c\u4f46\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u5b83\u4eec\u5df2\u7ecf\u6210\u4e3a\u6cd5\u5f8b\uff0c\u8fd8\u9700\u8981\u603b\u7edf\u7684\u7b7e\u5b57\u3002\u4e0d\u8fc7\uff0c\u8fd9\u65e0\u7591\u662f\u4e00\u4e2a\u5386\u53f2\u6027\u65f6\u523b\uff0c\u6bcf\u4e2a\u4eba\u90fd\u5bf9\u6b64\u5145\u6ee1\u671f\u5f85\u3002\u4e0b\u5468\uff0c\u6211\u5c06\u4e0e\u53c2\u8bae\u5458\u6bd4\u5c14\u00b7\u54c8\u683c\u63d0 (Bill Hagerty) \u548c\u6c64\u59c6\u00b7\u6885\u4f2f (Tom Member) \u4e00\u8d77\u8ba8\u8bba\u7a33\u5b9a\u5e01\u7acb\u6cd5\u53ca\u5176\u751f\u6548\u540e\u7684\u5f71\u54cd\u3002\u6211\u5bf9\u6b64\u975e\u5e38\u6fc0\u52a8\u3002\u60f3\u5230\u5f53\u5e74 Aave \u5728\u201cDeFi Summer\u201d\u63a8\u51fa\u65f6\u7684\u60c5\u666f\uff0c\u6211\u53ef\u4ee5\u60f3\u8c61\u90a3\u79cd\u4ee4\u4eba\u632f\u594b\u7684\u611f\u89c9\u3002<\/p>\n<p><strong>Stani Kulechov\uff1a<\/strong><\/p>\n<p>\u6211\u975e\u5e38\u8ba4\u540c Sam \u7684\u89c2\u70b9\uff0c\u80fd\u5728\u8fd9\u4e2a\u9886\u57df\u5de5\u4f5c\u771f\u7684\u5f88\u6709\u8da3\u3002<strong>\u4f60\u53ef\u80fd\u4e0d\u4f1a\u60f3\u5230\u4e8b\u60c5\u4f1a\u53d1\u5c55\u5230\u4eca\u5929\u7684\u89c4\u6a21\uff0c\u4f46\u5185\u5fc3\u6df1\u5904\u603b\u6709\u4e00\u79cd\u4fe1\u5ff5\uff1a\u7a33\u5b9a\u5e01\u3001<\/strong><strong>DeFi<\/strong><strong> \u7b49\u6280\u672f\u7ec8\u5c06\u6210\u4e3a\u91d1\u878d\u4f53\u7cfb\u7684\u57fa\u77f3\u3002<\/strong><\/p>\n<p><strong>\u8fd9\u79cd\u8f6c\u53d8\u662f\u81ea\u7136\u7684\uff0c\u5c31\u50cf\u4ece\u7eb8\u8d28\u652f\u4ed8\u5230\u6570\u5b57\u652f\u4ed8\u7684\u8fc7\u6e21\uff0c\u73b0\u5728\u6211\u4eec\u6b63\u8fc8\u5411\u4e00\u4e2a\u5168\u65b0\u7684\u91d1\u878d\u4e16\u754c\uff0c\u8fd9\u4e00\u8fc7\u7a0b\u9700\u8981\u65f6\u95f4\u3002<\/strong>\u56de\u60f3\u6211\u4eec\u4e0e Aave \u5728\u65e9\u671f\u5408\u4f5c\u65f6\uff0c\u90a3\u65f6\u4ee5\u592a\u574a\u4e0a\u51e0\u4e4e\u6ca1\u6709\u7a33\u5b9a\u5e01\u7684\u6982\u5ff5\u3002\u800c\u51e0\u5e74\u540e\uff0c\u7a33\u5b9a\u5e01\u5df2\u7ecf\u6210\u4e3a\u83b7\u53d6\u6d41\u52a8\u6027\u548c\u6536\u76ca\u7684\u91cd\u8981\u57fa\u7840\u8bbe\u65bd\uff0c\u8fd9\u79cd\u5f62\u5f0f\u5bf9\u673a\u6784\u548c\u4e3b\u6d41\u7528\u6237\u6765\u8bf4\u90fd\u975e\u5e38\u76f4\u89c2\u548c\u6613\u4e8e\u63a5\u53d7\u3002<\/p>\n<p>\u6211\u4e00\u76f4\u8ba4\u4e3a\uff0c<strong>\u7b80\u5355\u7684\u4e1c\u897f\u66f4\u5bb9\u6613\u6269\u5c55\uff0c\u8fd9\u4e00\u70b9\u5728\u52a0\u5bc6\u9886\u57df\u4e5f\u9002\u7528\u3002\u7a33\u5b9a\u5e01\u7684\u6982\u5ff5\u975e\u5e38\u7b80\u5355\uff0c\u8fd9\u4e5f\u662f\u5b83\u80fd\u591f\u6539\u53d8\u4eba\u4eec\u5bf9\u52a0\u5bc6\u8d27\u5e01\u770b\u6cd5\u7684\u91cd\u8981\u539f\u56e0\u4e4b\u4e00\u3002<\/strong>\u8fc7\u53bb\uff0c\u4e3b\u6d41\u63d0\u5230\u52a0\u5bc6\u8d27\u5e01\u65f6\uff0c\u5f80\u5f80\u8054\u60f3\u5230\u6295\u673a\u4ea4\u6613\uff0c\u56e0\u4e3a\u591a\u6570\u7528\u6237\u90fd\u662f\u901a\u8fc7\u4ea4\u6613\u6240\u63a5\u89e6\u5230\u8fd9\u4e9b\u8d44\u4ea7\uff0c\u800c\u8fd9\u4e9b\u8d44\u4ea7\u5f80\u5f80\u7f3a\u4e4f\u5b9e\u9645\u7528\u9014\u3002\u4f46\u7a33\u5b9a\u5e01\u4e3a\u4e3b\u6d41\u7528\u6237\u6253\u5f00\u4e86\u5168\u65b0\u7684\u4f7f\u7528\u573a\u666f\uff0c\u4f8b\u5982\u8de8\u5883\u652f\u4ed8\u548c\u4ef7\u503c\u4f20\u9012\uff0c\u8fd9\u4e9b\u4ee5\u524d\u662f\u4e0d\u5b58\u5728\u7684\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u5bf9\u4e8e\u4e00\u4e9b\u91d1\u878d\u4f53\u7cfb\u4e0d\u591f\u7a33\u5b9a\u7684\u5730\u533a\uff0c\u6bd4\u5982\u963f\u6839\u5ef7\u3001\u975e\u6d32\u90e8\u5206\u56fd\u5bb6\uff0c\u4ee5\u53ca\u4e2d\u4e1c\u548c\u4e9a\u6d32\u7684\u4e00\u4e9b\u5730\u533a\uff0c\u7a33\u5b9a\u5e01\u7684\u201c\u7a33\u5b9a\u6027\u201d\u663e\u5f97\u5c24\u4e3a\u91cd\u8981\u3002\u800c\u5728\u897f\u65b9\u4e16\u754c\uff0c\u6bd4\u5982\u6b27\u6d32\u548c\u7f8e\u56fd\uff0c\u7a33\u5b9a\u5e01\u7684\u4f5c\u7528\u66f4\u591a\u4f53\u73b0\u5728\u63d0\u4f9b DeFi \u673a\u4f1a\u3001\u6d41\u52a8\u6027\u83b7\u53d6\u4ee5\u53ca\u6536\u76ca\u63d0\u53d6\u4e0a\u3002\u6211\u8ba4\u4e3a\u8fd9\u4e9b\u90fd\u662f\u975e\u5e38\u6709\u8da3\u7684\u5e94\u7528\u573a\u666f\u3002\u6b64\u5916\uff0c\u7a33\u5b9a\u5e01\u5728\u652f\u4ed8\u548c\u65e0\u56fd\u754c\u4ef7\u503c\u5206\u914d\u65b9\u9762\u7684\u6f5c\u529b\u4e5f\u8ba9\u6211\u975e\u5e38\u5174\u594b\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u7acb\u6cd5\u7ec6\u8282\u5bf9\u8fd9\u4e00\u9886\u57df\u7684\u672a\u6765\u53d1\u5c55\u81f3\u5173\u91cd\u8981\u3002\u5373\u4fbf\u7a33\u5b9a\u5e01\u5f97\u5230\u4e86\u76d1\u7ba1\uff0c\u6211\u4eec\u4e5f\u9700\u8981\u786e\u4fdd\u8fd9\u4e9b\u6cd5\u89c4\u662f\u5408\u7406\u7684\uff0c\u540c\u65f6\u5728\u5fc5\u8981\u65f6\u505a\u51fa\u59a5\u534f\u3002<\/p>\n<h2>\u7a33\u5b9a\u5e01 vs \u7f8e\u5143<\/h2>\n<p><strong>Robbie\uff1a<\/strong><\/p>\n<p>Stani\uff0c\u4f60\u63d0\u5230\u7684\u4e00\u4e2a\u91cd\u8981\u4ef7\u503c\u4e3b\u5f20\uff0c\u4ee5\u53ca Sam 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Kazemian\uff1a<\/strong><\/p>\n<p>\u8fd9\u4e2a\u95ee\u9898\u9700\u8981\u4e00\u4e9b\u80cc\u666f\u77e5\u8bc6\u3002\u6211\u5728\u52a0\u5bc6\u9886\u57df\u5df2\u7ecf\u6709\u5341\u591a\u5e74\u7684\u7ecf\u9a8c\u4e86\uff0c\u4ece\u5927\u5b66\u65f6\u671f\u5f00\u59cb\u6316\u77ff\uff0c\u6bd4\u4ee5\u592a\u574a\u7b49\u9879\u76ee\u8fd8\u8981\u65e9\u3002<\/p>\n<p>\u5173\u4e8e\u7a33\u5b9a\u5e01\u7684\u53d1\u5c55\uff0c\u6211\u559c\u6b22\u5c06\u5176\u5206\u4e3a\u4e24\u4e2a\u9636\u6bb5\uff0c\u5c31\u50cf\u5386\u53f2\u88ab\u5212\u5206\u4e3a\u516c\u5143\u524d\u548c\u516c\u5143\u540e\u3002<strong>\u7b2c\u4e00\u9636\u6bb5\u662f\u7a33\u5b9a\u5e01\u7684\u521d\u59cb\u7406\u5ff5\uff1a\u6211\u4eec\u80fd\u5426\u5c06\u6bd4\u7279\u5e01\u7684\u53bb\u4e2d\u5fc3\u5316\u548c\u4fe1\u4efb\u673a\u5236\u7ed3\u5408\u8d77\u6765\uff0c\u521b\u9020\u4e00\u4e2a\u4e0e\u7f8e\u5143\u6302\u94a9\u7684\u7a33\u5b9a\u8d44\u4ea7\uff1f<\/strong>\u8fd9\u4e2a\u60f3\u6cd5\u7c7b\u4f3c\u4e8e\u8ffd\u6c42\u201c\u5723\u676f\u201d\u3002\u7b97\u6cd5\u7a33\u5b9a\u5e01\u5c31\u662f\u8fd9\u79cd\u7406\u5ff5\u7684\u4f53\u73b0\uff0c\u5b83\u8bd5\u56fe\u901a\u8fc7\u94fe\u4e0a\u673a\u5236\u5b9e\u73b0\u65e0\u9650\u6269\u5c55\u548c\u6536\u7f29\uff0c\u65e0\u9700\u94f6\u884c\u8d26\u6237\u6216\u6cd5\u5e01\u50a8\u5907\u6765\u7ef4\u6301\u7a33\u5b9a\u3002\u8fd9\u79cd\u8bbe\u8ba1\u7ed3\u5408\u4e86\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u7684\u4f18\u70b9\u3002<\/p>\n<p>\u7136\u800c\uff0c\u5b9e\u8df5\u8bc1\u660e\uff0c\u8fd9\u79cd\u8bbe\u8ba1\u5e76\u4e0d\u5b8c\u7f8e\uff0c\u751a\u81f3\u662f\u4e0d\u53ef\u884c\u7684\u3002\u7c7b\u4f3c\u4e8e\u201c\u6c38\u52a8\u673a\u201d\u7684\u6982\u5ff5\uff0c\u8fd9\u79cd\u6a21\u578b\u8fdd\u53cd\u4e86\u7ecf\u6d4e\u5b66\u548c\u7269\u7406\u5b66\u7684\u57fa\u672c\u89c4\u5f8b\u3002\u56e0\u6b64\uff0c\u884c\u4e1a\u5f00\u59cb\u8f6c\u5411\u66f4\u73b0\u5b9e\u7684\u8bbe\u8ba1\u3002\u4ee5 FRAX \u7684 V1 \u7248\u672c\u4e3a\u4f8b\uff0c\u5b83\u5c1d\u8bd5\u4e86\u4e00\u79cd\u6df7\u5408\u7684\u53bb\u4e2d\u5fc3\u5316\u6a21\u578b\uff0c\u4f46\u6700\u7ec8\u53d1\u73b0\uff0c\u8981\u5b9e\u73b0\u4e0e\u7f8e\u5143\u6302\u94a9\u7684\u7a33\u5b9a\u6027\uff0c\u4ecd\u7136\u9700\u8981\u56fd\u5bb6\u7684\u652f\u6301\u548c\u6cd5\u5f8b\u7684\u8ba4\u53ef\u3002<\/p>\n<p>\u4f46\u662f\u73b0\u5728\u8fd9\u79cd\u53ef\u80fd\u6027\u771f\u7684\u51fa\u73b0\u4e86\u3002\u7f8e\u56fd\u653f\u5e9c\u53ef\u80fd\u4f1a\u4ee5\u6cd5\u5f8b\u5f62\u5f0f\u627f\u8ba4\u67d0\u4e9b\u7a33\u5b9a\u5e01\u7b49\u540c\u4e8e\u7f8e\u5143\uff0c\u8fd9\u5728\u51e0\u5e74\u524d\u662f\u96be\u4ee5\u60f3\u8c61\u7684\u3002\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48<strong> FRAX \u7684\u65b0\u8def\u7ebf\u56fe\u4ecd\u7136\u4ee5\u7a33\u5b9a\u5e01\u4e3a\u6838\u5fc3\u3002<\/strong>\u6211\u4eec\u8ffd\u6c42\u7684\u76ee\u6807\u662f\u6570\u4e07\u4ebf\u7f8e\u5143\u7684\u5e02\u573a\u89c4\u6a21\uff0c\u800c\u8fd9\u9700\u8981\u4e00\u4e2a\u73b0\u5b9e\u4e14\u53ef\u884c\u7684\u8bbe\u8ba1\u3002\u56de\u987e\u5386\u53f2\uff0c\u6211\u4eec\u9010\u6e10\u610f\u8bc6\u5230\uff0c\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316\u4e14\u80fd\u6269\u5c55\u5230 20 \u4e07\u4ebf\u7f8e\u5143\u7684\u7a33\u5b9a\u5e01\u662f\u4e0d\u53ef\u80fd\u7684\u3002\u4f46\u5982\u679c\u80fd\u8ba9\u7f8e\u8054\u50a8\u548c\u7f8e\u56fd\u653f\u5e9c\u652f\u6301\u8fd9\u4e9b\u6570\u5b57\u8d44\u4ea7\uff0c\u90a3\u5c06\u662f\u6700\u4ee4\u4eba\u6fc0\u52a8\u7684\u4e8b\u60c5\u3002\u8fd9\u6b63\u662f FRAX \u5f53\u524d\u7684\u65b9\u5411\u3002<\/p>\n<p><strong>\u81f3\u4e8e\u7a33\u5b9a\u5e01\u662f\u5426\u5a01\u80c1\u7f8e\u5143\u7684\u5730\u4f4d\uff0c\u6211\u8ba4\u4e3a\u53ea\u8981\u7f8e\u56fd\u653f\u5e9c\u652f\u6301\u7a33\u5b9a\u5e01\uff0c\u5b83\u4eec\u5c31\u53ea\u4f1a\u589e\u5f3a\u7f8e\u5143\u7684\u5f71\u54cd\u529b\uff0c\u800c\u4e0d\u662f\u524a\u5f31\u5b83\u3002<\/strong><\/p>\n<p><strong>Stani Kulechov\uff1a<\/strong><\/p>\n<p>\u6211\u5b8c\u5168\u540c\u610f Stani \u7684\u89c2\u70b9\u3002<strong>\u7f8e\u5143\u672c\u8d28\u4e0a\u662f\u4e00\u4e2a\u7b80\u5355\u800c\u9ad8\u6548\u7684\u4ea4\u6613\u5de5\u5177\uff0c\u800c\u4e92\u8054\u7f51\u7684\u51fa\u73b0\u5e76\u6ca1\u6709\u524a\u5f31\u7f8e\u5143\u7684\u5730\u4f4d\uff0c\u53cd\u800c\u6269\u5927\u4e86\u5176\u5168\u7403\u5f71\u54cd\u529b\u3002\u6211\u9884\u8ba1\u7a33\u5b9a\u5e01\u4e5f\u4f1a\u4ea7\u751f\u7c7b\u4f3c\u7684\u6548\u679c\uff0c\u56e0\u4e3a\u5b83\u4eec\u8ba9\u7f8e\u5143\u7684\u8986\u76d6\u8303\u56f4\u66f4\u5e7f\u3002<\/strong><\/p>\n<p>\u5728\u89c4\u6a21\u65b9\u9762\uff0c\u6211\u4e5f\u975e\u5e38\u8ba4\u540c Stani \u7684\u770b\u6cd5\u3002\u5b9e\u73b0\u4e00\u4e2a\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316\u7684\u5168\u7403\u8d27\u5e01\u4f53\u7cfb\u9700\u8981\u5f88\u957f\u65f6\u95f4\u548c\u5927\u91cf\u7684\u7528\u6237\u91c7\u7eb3\u3002\u4f46\u5c31\u76ee\u524d\u800c\u8a00\uff0c\u7a33\u5b9a\u5e01\u7684\u6280\u672f\u6f5c\u529b\u66f4\u591a\u4f53\u73b0\u5728\u6269\u5c55\u73b0\u6709\u7684\u91d1\u878d\u4f53\u7cfb\u4e0a\u3002<\/p>\n<p>\u672a\u6765\u51e0\u5e74\u5185\uff0c\u6211\u8ba4\u4e3a\u7a33\u5b9a\u5e01\u5c06\u6210\u4e3a\u94fe\u4e0a\u6700\u5927\u7684\u8d44\u4ea7\u7c7b\u522b\u3002\u518d\u5f80\u540e\uff0c\u8bc1\u5238\u4ee3\u5e01\u53ef\u80fd\u4f1a\u8d85\u8fc7\u7a33\u5b9a\u5e01\u548c\u5176\u4ed6\u52a0\u5bc6\u8d44\u4ea7\u7684\u603b\u548c\uff0c\u6210\u4e3a\u6700\u5927\u7684\u94fe\u4e0a\u8d44\u4ea7\u7c7b\u522b\u3002\u8fd9\u79cd\u8f6c\u578b\u8fc7\u7a0b\u975e\u5e38\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u4e0d\u4ec5\u5f3a\u5316\u4e86\u7f8e\u5143\u5728\u4ea4\u6613\u4e2d\u7684\u4f5c\u7528\uff0c\u4e5f\u4e3a\u672a\u6765\u7684\u91d1\u878d\u4f53\u7cfb\u5960\u5b9a\u4e86\u57fa\u7840\u3002<\/p>\n<p>\u6700\u7ec8\uff0c<strong>\u6211\u4eec\u5e0c\u671b\u80fd\u591f\u6784\u5efa\u4e00\u4e2a\u66f4\u52a0\u53bb\u4e2d\u5fc3\u5316\u3001\u516c\u5e73\u548c\u9ad8\u6548\u7684\u5168\u7403\u91d1\u878d\u7cfb\u7edf\uff0c\u4f46\u5728\u6b64\u4e4b\u524d\uff0c\u7a33\u5b9a\u5e01\u662f\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\u7684\u91cd\u8981\u4e00\u6b65\u3002<\/strong>\u770b\u5230\u8d8a\u6765\u8d8a\u591a\u7684\u4f20\u7edf\u91d1\u878d\u673a\u6784\u548c\u79d1\u6280\u516c\u53f8\u52a0\u5165\u7a33\u5b9a\u5e01\u9886\u57df\uff0c\u6211\u611f\u5230\u975e\u5e38\u5174\u594b\u3002\u8fd9\u8868\u660e\u4eba\u4eec\u5bf9\u7a33\u5b9a\u5e01\u7684\u63a5\u53d7\u5ea6\u6b63\u5728\u63d0\u9ad8\uff0c\u884c\u4e1a\u4e5f\u5728\u5feb\u901f\u53d1\u5c55\u3002<\/p>\n<h2>\u7a33\u5b9a\u5e01\u3001\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7 (RWAs)\u3001\u8bc1\u5238\u578b\u4ee3\u5e01<\/h2>\n<p><strong>Robbie\uff1a<\/strong><\/p>\n<p>Stani \u4f60\u4e4b\u524d\u7684\u9884\u6d4b\u5df2\u7ecf\u591a\u6b21\u88ab\u9a8c\u8bc1\u4e86\uff0c\u6bd4\u5982\u5728\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d (DeFi) \u501f\u8d37\u9886\u57df\u7684\u6210\u529f\uff0c\u8fd9\u53ef\u80fd\u662f DeFi \u4e2d\u6700\u91cd\u8981\u7684\u90e8\u5206\u4e4b\u4e00\u3002\u800c\u73b0\u5728\uff0c\u7a33\u5b9a\u5e01\u4e5f\u8fce\u6765\u4e86\u5b83\u7684\u9ad8\u5149\u65f6\u523b\u3002\u4f60\u5df2\u7ecf\u4e24\u6b21\u9884\u6d4b\u6b63\u786e\u4e86\uff0c\u800c\u73b0\u5728\u4f60\u53c8\u63d0\u5230\u8bc1\u5238\u578b\u4ee3\u5e01\u5c06\u4f1a\u6210\u4e3a\u94fe\u4e0a\u6700\u5927\u7684\u8d44\u4ea7\u7c7b\u522b\uff0c\u751a\u81f3\u8d85\u8fc7\u7a33\u5b9a\u5e01\u548c\u52a0\u5bc6\u8d44\u4ea7\u7684\u603b\u548c\u3002<\/p>\n<p><strong>\u4f60\u80fd\u4e0d\u80fd\u4e3a\u6211\u4eec\u89e3\u91ca\u4e00\u4e0b\u4ec0\u4e48\u662f\u8bc1\u5238\u578b\u4ee3\u5e01\uff1f\u662f\u6307\u80a1\u6743\u5417\uff1f\u6bd4\u5982\u6211\u4eec\u770b\u5230 Kraken \u6700\u8fd1\u7684\u516c\u544a\uff0cRobinhood \u4e5f\u63a8\u51fa\u4e86\u4ee3\u5e01\u5316\u7684\u80a1\u6743\u3002\u8fd9\u4e9b\u5c31\u662f\u4f60\u6240\u8bf4\u7684\u8bc1\u5238\u578b\u4ee3\u5e01\u5417\uff1f\u4e3a\u4ec0\u4e48\u4f60\u8ba4\u4e3a\u8bc1\u5238\u578b\u4ee3\u5e01\u80fd\u591f\u8d85\u8d8a\u7a33\u5b9a\u5e01\u548c\u5176\u4ed6\u52a0\u5bc6\u8d44\u4ea7\uff0c\u6210\u4e3a\u94fe\u4e0a\u6700\u5927\u7684\u8d44\u4ea7\u7c7b\u522b\uff1f<\/strong><\/p>\n<p><strong>Stani Kulechov\uff1a<\/strong><\/p>\n<p>\u9996\u5148\uff0c\u6211\u7684\u9884\u6d4b\u5e76\u4e0d\u603b\u662f\u6b63\u786e\u3002\u4f46\u5c31\u8bc1\u5238\u578b\u4ee3\u5e01\u800c\u8a00\uff0c\u6216\u8005\u66f4\u5e7f\u6cdb\u5730\u8bf4\uff0c\u6211\u4eec\u53ef\u4ee5\u7528\u201c\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7 (RWAs)\u201d\u8fd9\u4e2a\u672f\u8bed\u6765\u63cf\u8ff0\uff0c\u5b83\u6db5\u76d6\u7684\u8303\u56f4\u975e\u5e38\u5e7f\u6cdb\u3002<\/p>\n<p>\u8bc1\u5238\u578b\u4ee3\u5e01\u53ef\u4ee5\u5305\u62ec\u80a1\u6743\uff0c\u6bd4\u5982\u4e0a\u5e02\u516c\u53f8\u7684\u80a1\u7968\uff0c\u4e5f\u53ef\u4ee5\u662f\u672a\u4e0a\u5e02\u516c\u53f8\u7684\u80a1\u4efd\u3002\u8fd9\u4e9b\u8d44\u4ea7\u76ee\u524d\u5728\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u4e2d\u5e76\u4e0d\u662f\u6240\u6709\u4eba\u90fd\u80fd\u8f7b\u677e\u83b7\u53d6\uff0c\u901a\u5e38\u53ea\u6709\u5c11\u6570\u673a\u6784\u6216\u4e2a\u4eba\u53ef\u4ee5\u53c2\u4e0e\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u8bc1\u5238\u578b\u4ee3\u5e01\u8fd8\u53ef\u4ee5\u6db5\u76d6\u503a\u52a1\u8d44\u4ea7\u3002\u4e00\u4e2a\u5178\u578b\u7684\u4f8b\u5b50\u662f\u56fd\u503a (T-Bills)\uff0c\u5b83\u4eec\u5df2\u7ecf\u5f00\u59cb\u901a\u8fc7\u4ee3\u5e01\u5316\u7684\u65b9\u5f0f\u88ab\u5f15\u5165\u94fe\u4e0a\u3002\u5f53 DeFi \u7684\u5229\u7387\u8f83\u4f4e\u65f6\uff0c\u8fd9\u79cd\u8d44\u4ea7\u663e\u5f97\u5c24\u4e3a\u6709\u5438\u5f15\u529b\uff0c\u56e0\u4e3a\u5b83\u4eec\u80fd\u591f\u5c06\u4f20\u7edf\u91d1\u878d\u4e2d\u7684\u4f4e\u98ce\u9669\u8d44\u4ea7\u5e26\u5165\u94fe\u4e0a\u751f\u6001\u3002<\/p>\n<p>\u968f\u7740\u65f6\u95f4\u63a8\u79fb\uff0c<strong>\u6211\u4eec\u8fd8\u4f1a\u770b\u5230\u66f4\u591a\u98ce\u9669\u6536\u76ca\u8f83\u9ad8\u7684\u6295\u8d44\u673a\u4f1a\u88ab\u5f15\u5165\u94fe\u4e0a\uff0c\u6bd4\u5982\u4f01\u4e1a\u503a\u5238\u6216\u5176\u4ed6\u9ad8\u6536\u76ca\u8d44\u4ea7\u3002<\/strong>\u8fd9\u79cd\u8d8b\u52bf\u4e0d\u4ec5\u6269\u5927\u4e86\u94fe\u4e0a\u7684\u8d44\u4ea7\u79cd\u7c7b\uff0c\u4e5f\u8ba9\u8bb8\u591a\u5728\u4f20\u7edf\u91d1\u878d\u4e2d\u7f3a\u4e4f\u6d41\u52a8\u6027\u7684\u8d44\u4ea7\u627e\u5230\u65b0\u7684\u4ef7\u503c\u3002\u4f8b\u5982\uff0c\u6709\u4e9b\u8d44\u4ea7\u5e76\u4e0d\u662f\u56e0\u4e3a\u7f3a\u4e4f\u5438\u5f15\u529b\u800c\u6d41\u52a8\u6027\u4e0d\u8db3\uff0c\u800c\u662f\u56e0\u4e3a\u6295\u8d44\u95e8\u69db\u8f83\u9ad8\u6216\u4ea4\u6613\u8fc7\u7a0b\u590d\u6742\u3002\u800c DeFi \u7684\u4f18\u52bf\u5728\u4e8e\uff0c\u5b83\u80fd\u591f\u96c6\u4e2d\u5927\u91cf\u6d41\u52a8\u6027\uff0c\u5e76\u901a\u8fc7\u9ad8\u6548\u7684\u4e92\u64cd\u4f5c\u6027\u5c06\u8d44\u672c\u4e0e\u8fd9\u4e9b\u91d1\u878d\u673a\u4f1a\u8fde\u63a5\u8d77\u6765\u3002<\/p>\n<p><strong>\u4ece\u67d0\u79cd\u610f\u4e49\u4e0a\u770b\uff0c\u7a33\u5b9a\u5e01\u4e5f\u53ef\u4ee5\u88ab\u89c6\u4e3a\u4e00\u79cd RWAs<\/strong>\u3002\u5b83\u4eec\u7684\u4e0d\u540c\u4e4b\u5904\u5728\u4e8e\uff0c\u7a33\u5b9a\u5e01\u901a\u5e38\u4e0d\u4f1a\u76f4\u63a5\u4e3a\u6700\u7ec8\u7528\u6237\u63d0\u4f9b\u6536\u76ca\uff0c\u56e0\u6b64\u66f4\u50cf\u662f\u4e00\u4e2a B2B \u7684\u5de5\u5177\u3002\u4f46\u5b83\u4eec\u7684\u51fa\u73b0\u8868\u660e\uff0c\u533a\u5757\u94fe\u7cfb\u7edf\u53ef\u4ee5\u5438\u5f15\u5927\u91cf\u6765\u81ea\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u7684\u4ef7\u503c\u6d41\u5165\uff0c\u800c\u8fd9\u79cd\u8d8b\u52bf\u53ea\u4f1a\u7ee7\u7eed\u6269\u5927\u3002<\/p>\n<p><strong>Robbie\uff1a<\/strong><\/p>\n<p>\u5b8c\u5168\u540c\u610f\u3002\u6211\u8ba4\u4e3a\u4f60\u63cf\u7ed8\u4e86\u4e00\u4e2a\u975e\u5e38\u6e05\u6670\u7684\u56fe\u666f\uff0c\u5c55\u793a\u4e86\u5c06\u8fd9\u4e9b\u8d44\u4ea7\u5f15\u5165\u94fe\u4e0a\u7684\u5de8\u5927\u6f5c\u529b\u3002\u8fd9\u4e0d\u4ec5\u4ec5\u662f\u5c06\u8fd9\u4e9b\u8d44\u4ea7\u8f6c\u53d8\u4e3a\u751f\u4ea7\u6027\u8d44\u4ea7\uff0c\u540c\u65f6\u4e5f\u5145\u5206\u5229\u7528\u4e86\u94fe\u4e0a\u7684\u4e92\u64cd\u4f5c\u6027\u548c\u4e0e\u4f20\u7edf\u91d1\u878d\u7cfb\u7edf\u7684\u53ef\u7ec4\u5408\u6027\u6240\u5e26\u6765\u7684\u673a\u4f1a\u3002<\/p>\n<p><strong>\u6536\u76ca\u548c\u6d41\u52a8\u6027\u662f\u5173\u952e\u56e0\u7d20\u3002\u8fd9\u4e9b\u8d44\u4ea7\u9700\u8981\u6d41\u52a8\u6027\u548c\u6536\u76ca\uff0c\u800c\u94fe\u4e0a\u751f\u6001\u6b63\u597d\u80fd\u591f\u6ee1\u8db3\u8fd9\u4e9b\u9700\u6c42\u3002<\/strong>\u4f60\u63d0\u5230\u56fd\u503a\uff0c\u6211\u76f8\u4fe1\u5b83\u4eec\u5df2\u7ecf\u6210\u4e3a\u8bb8\u591a\u7a33\u5b9a\u5e01\u50a8\u5907\u8d44\u4ea7\u7684\u91cd\u8981\u7ec4\u6210\u90e8\u5206\uff0c\u8fdb\u4e00\u6b65\u8bc1\u660e\u4e86\u94fe\u4e0a\u91d1\u878d\u7684\u5438\u5f15\u529b\u3002<\/p>\n<p><strong>Sam\uff0c\u4f60\u63d0\u5230\u4e0b\u5468\u5c06\u5728\u62c9\u65af\u7ef4\u52a0\u65af\u4e0e Hagardy \u548c\u5176\u4ed6\u64b0\u5199\u7acb\u6cd5\u7684\u4eba\u8fdb\u884c\u8ba8\u8bba\u3002\u4f60\u63d0\u5230\u4e00\u65e6\u76f8\u5173\u6cd5\u6848\u7b7e\u7f72\u751f\u6548\uff0c\u53ef\u80fd\u4f1a\u5f00\u542f\u8bb8\u591a\u65b0\u7684\u673a\u4f1a\u3002\u76ee\u524d\u6211\u4eec\u90fd\u77e5\u9053\u7a33\u5b9a\u5e01\u5e02\u573a\u7684\u73b0\u72b6\uff0c\u90a3\u4e48\u5728\u6cd5\u6848\u7b7e\u7f72\u540e\uff0c\u4f1a\u6709\u54ea\u4e9b\u65b0\u7684\u53d1\u5c55\u548c\u673a\u9047\uff1f<\/strong><\/p>\n<p><strong>Sam Kazemian\uff1a<\/strong><\/p>\n<p><strong>\u8fd9\u9879\u6cd5\u6848\u4e0e\u6b27\u76df\u7684\u7a33\u5b9a\u5e01\uff08\u4f8b\u5982 Mika \u6cd5\u6848\uff09\u6216\u5176\u4ed6\u533a\u57df\u6027\u7a33\u5b9a\u5e01\u6709\u5f88\u5927\u7684\u4e0d\u540c\u3002<\/strong>\u5728\u963f\u8054\u914b\u6709\u865a\u62df\u8d44\u4ea7\u76d1\u7ba1\u5c40 (VAR)\uff0c\u5728\u65e5\u672c\u4e5f\u6709\u7c7b\u4f3c\u7684\u7a33\u5b9a\u5e01\u8bb8\u53ef\u8bc1\u3002\u6bd4\u5982 Circle \u51e0\u4e2a\u6708\u524d\u5ba3\u5e03\u4ed6\u4eec\u83b7\u5f97\u4e86\u65e5\u672c\u7684\u7a33\u5b9a\u5e01\u53d1\u884c\u8bb8\u53ef\u3002\u7136\u800c\uff0c\u8fd9\u9879\u6cd5\u6848\u7684\u5173\u952e\u70b9\u4e0d\u5728\u4e8e\u83b7\u5f97\u67d0\u79cd\u8bb8\u53ef\u8bc1\u6216\u6307\u5bfc\uff0c\u800c\u5728\u4e8e\u5b83\u6d89\u53ca\u5230\u7f8e\u5143\u7684\u53d1\u884c\u4e3b\u4f53\u2014\u2014\u7f8e\u56fd\u653f\u5e9c\u672c\u8eab\u3002<\/p>\n<p>\u76ee\u524d\u5168\u7403\u7a33\u5b9a\u5e01\u5e02\u573a\u4e2d\uff0c\u8d85\u8fc7 95% 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Kulechov\uff1a<\/strong><\/p>\n<p>\u6211\u5b8c\u5168\u540c\u610f\u3002\u8fd9\u9879\u6cd5\u6848\u7684\u7ec6\u8282\u975e\u5e38\u91cd\u8981\uff0c\u5b83\u4e0d\u4ec5\u5f71\u54cd\u7a33\u5b9a\u5e01\u7684\u76d1\u7ba1\uff0c\u8fd8\u53ef\u80fd\u51b3\u5b9a\u521b\u65b0\u7684\u7a7a\u95f4\u3002\u56de\u987e\u91d1\u878d\u79d1\u6280\u9886\u57df\u7684\u5386\u53f2\uff0c\u6bd4\u5982 P2P \u501f\u8d37\u7684\u5174\u8d77\uff0c\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u76d1\u7ba1\u5f80\u5f80\u4f1a\u8fc5\u901f\u8ddf\u8fdb\uff0c\u5e76\u5bf9\u521b\u65b0\u5f62\u6210\u9650\u5236\u3002\u8fd9\u79cd\u60c5\u51b5\u53ef\u80fd\u4f1a\u8ba9\u5c0f\u56e2\u961f\u548c\u521d\u521b\u4f01\u4e1a\u96be\u4ee5\u7ade\u4e89\uff0c\u56e0\u4e3a\u4ed6\u4eec\u65e0\u6cd5\u627f\u62c5\u9ad8\u6602\u7684\u5408\u89c4\u6210\u672c\u3002<\/p>\n<p><strong>\u5728\u52a0\u5bc6\u9886\u57df\uff0c\u6211\u4eec\u9700\u8981\u786e\u4fdd\u521b\u65b0\u4e0d\u4f1a\u56e0\u4e3a\u76d1\u7ba1\u800c\u6d88\u5931\u3002<\/strong>\u6b27\u6d32\u7684 Mika \u6cd5\u6848\u5c31\u662f\u4e00\u4e2a\u4f8b\u5b50\u3002\u867d\u7136\u5b83\u786e\u7acb\u4e86\u4e00\u4e9b\u89c4\u5219\u6765\u89c4\u8303\u52a0\u5bc6\u516c\u53f8\u548c\u7a33\u5b9a\u5e01\u7684\u8fd0\u8425\uff0c\u4f46\u5176\u7acb\u6cd5\u8fc7\u7a0b\u66f4\u591a\u662f\u57fa\u4e8e\u7a33\u5b9a\u5e01\u7684\uff0c\u800c\u8fd9\u5e76\u4e0d\u5b8c\u5168\u9002\u7528\u4e8e\u5f53\u524d\u7684\u52a0\u5bc6\u884c\u4e1a\u3002\u56e0\u6b64\uff0c\u7acb\u6cd5\u9700\u8981\u66f4\u52a0\u5173\u6ce8\u884c\u4e1a\u7684\u5b9e\u9645\u9700\u6c42\uff0c\u800c\u4e0d\u662f\u963b\u788d\u521b\u65b0\u3002<\/p>\n<p>\u6211\u5bf9\u672a\u6765\u4ecd\u7136\u62b1\u6709\u4e50\u89c2\u6001\u5ea6\u3002<strong>\u53ea\u8981\u6211\u4eec\u80fd\u591f\u5728\u76d1\u7ba1\u4e0e\u521b\u65b0\u4e4b\u95f4\u627e\u5230\u5e73\u8861\uff0c\u5c31\u53ef\u4ee5\u6784\u5efa\u4e00\u4e2a\u66f4\u900f\u660e\u3001\u66f4\u9ad8\u6548\u7684\u91d1\u878d\u7cfb\u7edf\uff0c\u4e3a\u5168\u7403\u7528\u6237\u63d0\u4f9b\u66f4\u597d\u7684\u670d\u52a1\u3002<\/strong><\/p>\n<h2>\u5bf9 Genius Act \u7684\u53cd\u5e94<\/h2>\n<p><strong>Robbie\uff1a<\/strong><\/p>\n<p>\u4ece\u5916\u90e8\u6765\u770b\uff0c\u7f8e\u56fd\u653f\u5e9c\u4f3c\u4e4e\u6b63\u5728\u5c1d\u8bd5\u653e\u677e\u5bf9\u91d1\u878d\u884c\u4e1a\u7684\u76d1\u7ba1\u3002Sam \u63d0\u5230\u7684\u4e00\u4e2a\u5173\u952e\u70b9\u662f\uff0c\u8fc7\u53bb\u7f8e\u5143\u7684\u53d1\u884c\u6743\u4e00\u76f4\u7531\u94f6\u884c\u5784\u65ad\uff0c\u53ea\u6709\u83b7\u5f97\u7279\u8bb8\u7684\u94f6\u884c\u624d\u80fd\u53d1\u884c\u7f8e\u5143\uff0c\u8fd9\u4e5f\u662f M1 \u8d27\u5e01\u7684\u4e00\u90e8\u5206\u3002\u800c\u901a\u8fc7 Genius Act\uff0c\u5c3d\u7ba1\u76d1\u7ba1\u6709\u6240\u589e\u52a0\uff0c\u4f46\u5b9e\u9645\u4e0a\u6253\u7834\u4e86\u8fd9\u79cd\u5784\u65ad\uff0c\u5c06\u7f8e\u5143\u7684\u53d1\u884c\u6743\u6269\u5c55\u5230\u66f4\u591a\u7684\u673a\u6784\u548c\u5b9e\u4f53\uff0c\u8ba9\u5b83\u4eec\u4e5f\u80fd\u53c2\u4e0e\u7f8e\u5143\u7684\u53d1\u884c\u3002\u8fd9\u79cd\u76d1\u7ba1\u65b9\u5f0f\u6709\u52a9\u4e8e\u884c\u4e1a\u7684\u53d1\u5c55\uff0c\u540c\u65f6\u964d\u4f4e\u4e86\u65b0\u5174\u516c\u53f8\u8fdb\u5165\u5e02\u573a\u8fdb\u884c\u521b\u65b0\u7684\u95e8\u69db\u3002<\/p>\n<p><strong>Sam Kazemian\uff1a<\/strong><\/p>\n<p>\u4f60\u63d0\u5230\u7684\u8fd9\u4e00\u70b9\u975e\u5e38\u5173\u952e\u3002\u8fd9\u9879\u5177\u4f53\u7684\u76d1\u7ba1\u548c\u6cd5\u6848\u786e\u5b9e\u662f\u79ef\u6781\u7684\uff0c\u56e0\u4e3a\u901a\u5e38\u60c5\u51b5\u4e0b\uff0c\u5c0f\u4f01\u4e1a\u5f80\u5f80\u53cd\u5bf9\u76d1\u7ba1\uff0c\u6b63\u5982 Stani \u6240\u8bf4\uff0c\u56e0\u4e3a\u4ed6\u4eec\u7f3a\u4e4f\u5927\u516c\u53f8\u6240\u62e5\u6709\u7684\u8d44\u6e90\u3002\u4eba\u4eec\u901a\u5e38\u8ba4\u4e3a\u76d1\u7ba1\u53ea\u4f1a\u8ba9\u73b0\u6709\u4f01\u4e1a\u7684\u5784\u65ad\u5730\u4f4d\u66f4\u52a0\u5f3a\u5927\uff0c\u66f4\u96be\u6253\u7834\u3002\u7136\u800c\uff0c\u94f6\u884c\u6e38\u8bf4\u56e2\u4f53\u548c\u4f20\u7edf\u91d1\u878d\u7cfb\u7edf\u5bf9\u8fd9\u9879\u7acb\u6cd5\u7684\u53cd\u5bf9\uff0c\u6b63\u597d\u8bc1\u660e\u4e86\u8fd9\u4e00\u70b9\u3002\u8fd9\u662f\u5c11\u6570\u51e0\u9879\u771f\u6b63\u6253\u5f00\u7ade\u4e89\u821e\u53f0\u7684\u7acb\u6cd5\u4e4b\u4e00\u3002<\/p>\n<p>\u7406\u60f3\u60c5\u51b5\u4e0b\uff0c\u76d1\u7ba1\u5e94\u8be5\u80fd\u591f\u5728\u7ade\u4e89\u4e2d\u4fc3\u8fdb\u66f4\u591a\u521b\u65b0\uff0c\u540c\u65f6\u4e5f\u9f13\u52b1\u548c\u6fc0\u52b1\u4f01\u4e1a\u5bb6\u548c\u521b\u65b0\u8005\u8fdb\u5165\u7279\u5b9a\u9886\u57df\uff0c\u5e76\u5236\u5b9a\u660e\u786e\u7684\u89c4\u5219\u8ba9\u6240\u6709\u4eba\u9075\u5b88\u3002\u8fd9\u6837\u7684\u4f8b\u5b50\u5e76\u4e0d\u591a\u89c1\uff0c\u5982\u679c\u6211\u95ee\u4f60\uff0c\u6700\u540e\u4e00\u4e2a\u4f60\u77e5\u9053\u7684\u7c7b\u4f3c\u4f8b\u5b50\u662f\u4ec0\u4e48\uff0c\u4f01\u4e1a\u5bb6\u4eec\u4f1a\u8bf4\u201c\u662f\u7684\uff0c\u6211\u4eec\u9700\u8981\u66f4\u591a\u7684\u76d1\u7ba1\u201d\uff0c\u800c\u73b0\u6709\u4f01\u4e1a\u5219\u4e0d\u5e0c\u671b\u6709\u66f4\u591a\u7684\u76d1\u7ba1\u3002\u8fd9\u6837\u7684\u60c5\u51b5\u975e\u5e38\u5c11\u89c1\uff0c\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\u8fd9\u9879\u6cd5\u6848\u5728\u8fd9\u4e2a\u9886\u57df\u663e\u5f97\u7279\u522b\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u5b8c\u5168\u98a0\u8986\u4e86\u4eba\u4eec\u5bf9\u4f20\u7edf\u76d1\u7ba1\u7684\u770b\u6cd5\u3002<\/p>\n<p><strong>Robbie\uff1a<\/strong><\/p>\n<p><strong>\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u53d1\u884c\u8005\u8fdb\u5165\u8fd9\u4e00\u7ade\u4e89\u9886\u57df\uff0c\u6211\u4eec\u4e5f\u5f00\u59cb\u770b\u5230\u66f4\u591a\u79cd\u7c7b\u7684\u7a33\u5b9a\u5e01\u3002\u6211\u5f88\u597d\u5947\uff0c\u50cf\u4f60\u4eec\u8fd9\u6837\u7684\u73b0\u6709\u4f01\u4e1a\u5982\u4f55\u5728\u8fd9\u4e9b\u65b0\u5174\u7a33\u5b9a\u5e01\u548c\u53d1\u884c\u8005\u7684\u73af\u5883\u4e2d\u8c03\u6574\u81ea\u8eab\u7684\u5b9a\u4f4d\uff1f\u6211\u4eec\u8fd8\u8c08\u5230\u4e86\u4e00\u4e9b\u5927\u578b\u94f6\u884c\u6b63\u5728\u8fdb\u5165\u7a33\u5b9a\u5e01\u9886\u57df\u3002\u4f60\u4eec\u5982\u4f55\u770b\u5f85 FRAX \u4e0e\u8fd9\u4e9b\u94f6\u884c\u53d1\u884c\u7684\u7a33\u5b9a\u5e01\uff0c\u4ee5\u53ca\u4e0e Meta \u7b49\u5176\u4ed6\u7a33\u5b9a\u5e01\u4e4b\u95f4\u7684\u4e92\u52a8\uff1f\u8fd9\u4e9b\u7a33\u5b9a\u5e01\u4e4b\u95f4\u662f\u4e92\u8865\u7684\uff0c\u8fd8\u662f\u4f1a\u5f62\u6210\u4e00\u79cd\u65b0\u7684\u7ade\u4e89\u683c\u5c40\uff1f<\/strong><\/p>\n<p><strong>Stani Kulechov\uff1a<\/strong><\/p>\n<p><strong>\u6211\u5e76\u4e0d\u8ba4\u4e3a\u7a33\u5b9a\u5e01\u4e4b\u95f4\u5b58\u5728\u76f4\u63a5\u7684\u7ade\u4e89\u3002\u5b9e\u9645\u4e0a\uff0c\u6211\u66f4\u503e\u5411\u4e8e\u628a\u5b83\u4eec\u770b\u4f5c\u4e0d\u540c\u7684\u652f\u4ed8\u8def\u5f84\u3002<\/strong>\u542c\u8d77\u6765\u53ef\u80fd\u6709\u4e9b\u5947\u602a\uff0c\u4f46\u5f53\u4eba\u4eec\u9009\u62e9\u4f7f\u7528 GHO \u6216 USDC 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class=\"line32 mt20\">                        Telegram\u8ba2\u9605\u7fa4\uff1ahttps:\/\/t.me\/TechFlowDaily<br \/>                        Twitter\u5b98\u65b9\u8d26\u53f7\uff1ahttps:\/\/x.com\/TechFlowPost<br \/>                        Twitter\u82f1\u6587\u8d26\u53f7\uff1ahttps:\/\/x.com\/BlockFlow_News                    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u5bf9\u8bdd Aave \u521b\u59cb\u4eba\uff1aGENIUS \u6cd5\u6848\u5df2\u901a\u8fc7\uff0c\u7a33\u5b9a\u5e01\u7ec8\u5c06\u6210\u4e3a\u91d1\u878d\u4f53\u7cfb\u7684\u57fa\u77f3 \u53ea\u8981\u7f8e\u56fd\u653f\u5e9c\u652f\u6301\u7a33\u5b9a\u5e01\uff0c\u7a33\u5b9a\u5e01 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts\/3393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3393"}],"version-history":[{"count":1,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts\/3393\/revisions"}],"predecessor-version":[{"id":5667,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts\/3393\/revisions\/5667"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/media\/3394"}],"wp:attachment":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3393"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}