貝萊德（BlackRock

貝萊德（Blackrock）進入了分散的財務，因為其令牌化基金Buidl與Euler集成了雪崩區塊鏈。證券化已推出了Sbuidl

BlackRock has joined decentralized financial protocols as its tokenized fund BUIDL integrates with Euler on the Avalanche blockchain.

貝萊德（Blackrock）加入了分散的財務方案，因為其令牌化基金Buidl與Euler集成了Avalanche區塊鏈。

Completing a year-long journey from announcement to launch, sBUIDL—a composable ERC-20 token minted from BUIDL and issued by Securitize—has arrived on Euler’s lending platform. This marks BlackRock’s first direct integration with a DeFi protocol.

Sbuidl完成了從公告開始的一年的旅程，Sbuidl（可從Buidl鑄造並通過Securitize發行）的Sbuidl到達了Euler的貸款平台。這標誌著貝萊德與DEFI協議的第一個直接集成。

sBUIDL is issued using Securitize’s vault system, allowing users to lock BUIDL and mint sBUIDL for DeFi use. The token is fully 1:1 redeemable for BUIDL, which holds short-term U.S. Treasuries and is exposed to repo markets.

SBUIDL是使用Securitize的Vault系統發行的，允許用戶鎖定BuIDL和Mint Sbuidl以供Defi使用。代幣完全可以兌換為Buidl的1：1，該公司擁有短期美國國債，並暴露於回購市場。

sBUIDL earns native AVAX liquidity rewards as the asset is used for borrowing and lending on Euler. The integration also allows for a structured entry point for broader capital market participation.

Sbuidl將資產用於借貸和借貸，從而獲得了本地Avax流動性獎勵。該集成還允許一個結構化的入口點，用於更廣泛的資本市場參與。

sBUIDL: A Structured Integration for Treasury Fund Tokens

SBUIDL：國庫基金代幣的結構化集成

sBUIDL, a tokenized portion of BlackRock’s flagship treasury fund, is now live on Euler’s lending protocol. It marks a significant moment in the convergence of traditional and decentralized finance.

Sbuidl是BlackRock旗艦財政基金的象徵性部分，現已遵循Euler的貸款協議。它標誌著傳統和分散財務的融合中的重要時刻。

sBUIDL is a composable ERC-20 token that can be used in decentralized applications. It’s fully backed by BUIDL, a tokenized portion of BlackRock’s treasury fund investing in short-term U.S. government bonds.

SBUIDL是一種可複合的ERC-20令牌，可用於分散應用程序。它得到了Buidl的支持，Buidl是BlackRock的國庫基金的象徵性部分，投資了短期美國政府債券。

sBUIDL is issued and managed using Securitize’s structured product framework. It’s designed to provide a seamless way for institutional capital to engage with decentralized financial protocols.

使用Securitize的結構化產品框架發行並管理SBUIDL。它旨在為機構資本提供一種與分散財務方案互動的無縫方式。

sBUIDL will be listed on Euler’s lending protocol, where it can be used as collateral to borrow other assets. This will allow sBUIDL to earn liquidity mining rewards in AVAX.

SBUIDL將在Euler的貸款協議上列出，在該方案中可以用作借用其他資產的抵押品。這將使Sbuidl能夠在Avax獲得流動性挖掘獎勵。

sBUIDL is also supported by Merkl, a blockchain startup focused on structured product issuance. Merkl will be providing additional AVAX incentives for users participating in sBUIDL.

SBUIDL也得到了專注於結構化產品發行的區塊鏈初創企業Merkl的支持。 Merkl將為參加SBUIDL的用戶提供其他Avax激勵措施。

sBUIDL is a functional bridge between BlackRock’s tokenized treasury exposure and decentralized financial markets. It’s designed to improve capital efficiency for BUIDL holders by enabling real-time liquidity and allowing for active portfolio management.

SBUIDL是貝萊德（Blackrock）的標記財政風險和分散金融市場之間的功能橋樑。它旨在通過實現實時流動性並允許積極的投資組合管理來提高Buidl持有人的資本效率。

Euler’s Modular Architecture Attracts $387 Million in Deposits

Euler的模塊化建築吸引了3.87億美元的存款

Euler is a modular, developer-first protocol that provides lending and borrowing services on Avalanche. It’s known for its rapid innovation and responsiveness to user needs.

Euler是一種模塊化的開發人員第一協議，可在Avalanche上提供貸款和借貸服務。它以快速創新和對用戶需求的響應能力而聞名。

Earlier this year, Euler completed the migration of its protocol from v1 to v2, having previously been exploited for $70 million in March 2023.

今年早些時候，歐拉（Euler）在2023年3月以7,000萬美元的價格剝削了其協議從V1到V2的遷移。

Despite the exploit, Euler quickly recovered and returned all exploited funds to users. Its redesigned architecture has attracted over $387 million in deposits since the relaunch.

儘管有利用，但Euler迅速恢復並退還了所有被剝削的資金給用戶。自重新推出以來，其經過重新設計的建築吸引了超過3.87億美元的存款。

This influx of capital highlights the role of trust and efficient risk management in institutional DeFi participation.

資本的湧入突出了信任和有效風險管理在機構偏愛參與中的作用。

Avalanche Serves as a Key Chain for Institutional DeFi

雪崩是機構偏見的關鍵鏈

Avalanche is the blockchain that powers Euler’s lending protocol and provides the framework for sBUIDL’s integration into decentralized markets.

雪崩是為Euler的貸款協議提供動力的區塊鏈，並為Sbuidl集成到分散市場的框架提供了框架。

Avalanche is known for its low transaction fees, high throughput, and smart contract capabilities, making it suitable for scalable and permissionless financial applications.

雪崩以低交易費用，高通量和智能合同功能而聞名，使其適用於可擴展和無許可的財務應用程序。

Earlier this year, Avalanche announced a partnership with Boston Consulting Group to explore Web3 use cases with leading institutions.

今年早些時候，雪崩宣布與波士頓諮詢集團（Boston Consulting Group）建立合作夥伴關係，以探索與領先機構的Web3用例。

This partnership, along with the launch of sBUIDL on Euler, underscores Avalanche’s role in facilitating compliant and scalable on-chain asset management.

這種夥伴關係以及Sbuidl在Euler上的推出，強調了Avalanche在促進合規和可擴展的鏈上資產管理方面的作用。