貝萊德進入defi。它的標記美國財政基金Buidl現在可以用作Euler Finance的抵押品

貝萊德（Blackrock）通過允許其令牌化的財政基金Buidl邁出了第一步，將其用作Euler Lending平台上的抵押品。

BlackRock is entering DeFi. Its tokenized U.S. Treasury fund, BUIDL, can now be used as collateral on Euler Finance, a decentralized lending protocol running on Avalanche.

貝萊德正在進入defi。現在，它的代幣美國財政基金Buidl現在可以用作歐拉金融（Euler Finance）的抵押品，這是一種在雪崩上運行的分散貸款方案。

BlackRock has taken its first step into DeFi by allowing its tokenized Treasury fund, BUIDL, to be used as collateral on the Euler lending platform, built on the Avalanche blockchain.

貝萊德（Blackrock）通過允許其令牌化的財政基金Buidl邁出了第一步，該基金將用作雪崩區塊鏈的Euler Lending平台上的抵押品。

The move will enable users to lock up sBUIDL, a digital, fully redeemable version of the BUIDL fund backed by short-term U.S. Treasuries, as collateral to borrow stablecoins like USDC and AUSD. Borrowers will continue to earn yield from the underlying Treasuries while also receiving bonus AVAX, Avalanche’s native token.

此舉將使用戶能夠鎖定Sbuidl，這是Buidl基金的數字兌換版本，並以美國短期紀念品為支持，作為藉用USDC和AUSD等Stablecoins的抵押品。借款人將繼續從基礎國庫中賺取收益，同時還獲得雪崩的獎金Avax。

sBUIDL, a tokenized version of BlackRock’s BUIDL fund, is fully backed by U.S. Treasuries and can be redeemed at any time, giving it real utility in DeFi without sacrificing liquidity or risk standards.

Sbuidl是BlackRock的Buidl基金的令牌版本，得到了美國國債的完全支持，可以隨時兌換，在不犧牲流動性或風險標準的情況下真正實用了Defi的實用性。

The system uses Chainlink’s decentralized data feeds to ensure accurate pricing and enhance security.

該系統使用ChainLink的分散數據提要來確保准確的定價並提高安全性。

This initiative is part of BlackRock’s broader strategy to bring BUIDL to multiple blockchain networks—including Aptos, Arbitrum, Optimism, and Polygon—to expand the fund’s utility and reach in the DeFi space.

該計劃是貝萊德（BlackRock）更廣泛的策略的一部分，即將Buidl帶到多個區塊鍊網絡（包括Aptos，intionum，oppormism and Polygon），以擴大基金的效用並在Defi空間中擴展。

Until now, BlackRock’s tokenization efforts, mainly through partnerships with firms like Securitize, were focused on issuing digital versions of traditional financial products.

到目前為止，BlackRock的令牌化工作主要是通過與Securitize這樣的公司建立合作夥伴關係，專注於發行傳統金融產品的數字版本。

Euler is also launching a new liquidity program to support the integration of sBUIDL with Euler. The program will provide incentives for liquidity providers to contribute to the sBUIDL market on Euler, further expanding the protocol’s capital efficiency and service to the broader Avalanche ecosystem.

Euler還啟動了一項新的流動性計劃，以支持Sbuidl與Euler的集成。該計劃將為流動性提供商提供激勵措施，為Euler的Sbuidl市場做出貢獻，進一步將協議的資本效率和服務擴大到更廣泛的雪崩生態系統。

The integration also highlights Euler’s comeback story. Once the target of a major exploit, the protocol has rebuilt its infrastructure and reputation, now partnering with the biggest name in asset management.

整合還重點介紹了歐拉的複出故事。一旦成為主要利用的目標，該協議就重建了其基礎架構和聲譽，現在與資產管理中的最大名稱合作。

Euler, a decentralized finance (DeFi) lending platform, suffered a significant setback in 2023 when a smart contract vulnerability was exploited, leading to the theft of $197 million in crypto assets. The attack impacted 3,464 assets across 14 protocols and affected thousands of users.

歐拉（Euler）是一個分散的財務（DEFI）貸款平台，在2023年利用了智能合同脆弱性，導致盜竊了1.7億美元的加密貨幣資產，遭受了重大挫折。這次攻擊影響了14個協議中的3,464家資產，並影響了數千名用戶。

After months of focused effort, the Euler team successfully completed the migration of the protocol’s core modules to a new architecture. This new architecture is more modular, lighter, and significantly more developer-friendly.

經過幾個月的重點努力，Euler團隊成功地完成了協議核心模塊向新體系結構的遷移。這種新的架構更加模塊化，更輕，並且對開發人員的友好更大。

Following the exploit and subsequent months of redevelopment and security upgrades, Euler relaunched in January 2024 on the Avalanche blockchain with a new design and a promise of enhanced security. By spring 2025, Euler had recovered momentum, boasting over $387 million in user deposits and over 26,000 unique users.

在開發和隨後的幾個月的重建和安全升級之後，Euler於2024年1月在雪崩區塊鏈上重新啟動，採用了新的設計和增強安全性的承諾。到2025年春季，Euler恢復了動力，擁有超過3.87億美元的用戶存款和超過26,000個唯一用戶。

As major traditional finance (TradFi) players like Franklin Templeton and Fidelity International make strides in the crypto space, institutions are increasingly engaging with digital assets.

隨著像富蘭克林·鄧普頓（Franklin Templeton）和富達國際（Fidelity International）這樣的主要傳統金融（Tradfi）球員在加密貨幣領域取得了長足的進步，機構越來越多地參與數字資產。

Franklin Templeton was an early adopter, launching the first on-chain money market fund in partnership with Boston Private in 2021. The firm is also a pioneer in tokenizing private credit and real estate assets. As of early 2025, Franklin is managing an estimated $689 million in tokenized assets.

富蘭克林·鄧普頓（Franklin Templeton）是早期採用者，他於2021年與波士頓私人公司合作啟動了第一家鏈貨幣市場基金。該公司也是使私人信貸和房地產資產的先驅。截至2025年初，富蘭克林正在管理約6.89億美元的令牌資產。

Fidelity International is rapidly expanding its digital asset capabilities. In June 2025, the investment giant tokenized shares of its flagship money market fund on JPMorgan’s Onyx Digital Assets blockchain, marking a significant milestone.

Fidelity International正在迅速擴大其數字資產能力。 2025年6月，投資巨頭將其旗艦貨幣市場基金的股票上的jpmorgan的Onyx Digital Assets區塊鏈上的股票標誌著，這是一個重大的里程碑。

JPMorgan’s Onyx platform is a critical enabler for institutions venturing into Web3. The bank’s engineers developed Onyx to tokenize and move value seamlessly across different blockchains and ledgers.

摩根大通的Onyx平台是進入Web3的機構的關鍵推動力。該銀行的工程師開發了Onyx，以使其在不同的區塊鍊和分類帳中無縫地傳遞價值。

In May 2025, Harvest, a DeFi protocol, announced the integration of its yield aggregator with Euler. This partnership aims to enhance capital efficiency and liquidity in the Avalanche ecosystem. Harvest is known for its role in aggregating and maximizing yield for liquidity providers.

2025年5月，一種Defi協議Harvest宣布將其收益匯總器與Euler整合在一起。該夥伴關係旨在提高雪崩生態系統的資本效率和流動性。 Harvest以其在匯總和最大化流動性提供者收益率中的作用而聞名。