加密資產經理正在大大增加鏈股權，利用Defi作為後端。機構涵蓋了穩定的股份收益率，加密借貸和增強用戶體驗的Defi。

Crypto-Native Asset Managers: Onchain Holdings Surge as DeFi Becomes the Invisible Back-End

加密本地資產管理人員：隨著defi成為無形的後端，OnChain Holtings Sughing

The crypto landscape is witnessing a significant shift: crypto-native asset managers are expanding their onchain holdings. Institutions are increasingly leveraging decentralized finance (DeFi) protocols as a sophisticated, behind-the-scenes infrastructure.

加密景觀正在見證一個重大的轉變：加密本地資產經理正在擴大其OnChain Holdings。機構越來越多地利用分散的融資（DEFI）方案作為一個複雜的幕後基礎架構。

The Rise of Crypto-Native Asset Managers

加密本地資產經理的興起

A new breed of 'crypto-native' asset managers is emerging, actively deploying capital across diverse opportunities within the DeFi ecosystem. Major firms have locked substantial amounts in platforms like Morpho Protocol, highlighting a growing confidence in DeFi's potential.

一種新的“加密本地”資產管理者正在興起，在Defi生態系統中積極部署資本。大型公司已將大量資金鎖定在Morpho協議等平台中，強調了對Defi潛力的日益信心。

DeFi: The Invisible Engine for Institutions

defi：機構的無形引擎

Institutions are now viewing DeFi not just as a disruptive force, but as a complementary and configurable financial layer. Financial tech firms, crypto wallets, and exchanges are integrating DeFi tools as an 'invisible' back-end infrastructure. This abstraction of DeFi's complexity allows these platforms to embed yield directly into their user experience, boosting retention, unlocking new monetization avenues, and improving capital efficiency.

現在，機構不僅將Defi視為一種破壞性力量，還視為互補和可配置的財務層。金融科技公司，加密錢包和交易所正在將Defi工具納入“隱形”後端基礎架構。 DEFI複雜性的這種抽象使這些平台可以將產量直接嵌入其用戶體驗中，增強保留率，解鎖新的貨幣化途徑並提高資本效率。

Stablecoins, Borrowing, and Yield: The Institutional DeFi Trifecta

Stablecoins，借用和產量：機構Defi Trifecta

Institutions primarily utilize DeFi in three key ways: offering stablecoin yield, providing crypto yield, and facilitating crypto borrowing. Centralized platforms are offering competitive stablecoin yields on assets like USDC and PYUSD. On the borrowing and yield side, services like Coinbase's crypto loan service, powered by Morpho Protocol, exemplify the 'DeFi Mullet' – fintech front-end, DeFi back-end.

機構主要以三種關鍵方式利用Defi：提供穩定的產量，提供加密貨幣產量並促進加密借貸。集中式平台為USDC和Pyusd等資產提供競爭性的穩定收益率。在藉貸和收益方面，由Morpho協議提供支持的Coinbase的加密貸款服務（Coinbase）的加密貸款服務（Coinbase's Crypto Loan Service）示例了“ Defi Mullet” - Fintech前端，Defi後端。

User Experience Matters

用戶體驗很重要

User experience is a critical factor driving DeFi adoption and capital retention. Platforms that prioritize reliability, predictability, and a seamless user experience are more likely to retain users. Simplifying interactions, reducing friction through innovations like gasless transactions, and building trust through transparency are essential for long-term success.

用戶體驗是推動Fefi採用和資本保留率的關鍵因素。優先考慮可靠性，可預測性和無縫用戶體驗的平台更有可能保留用戶。簡化互動，通過無氣交易（例如無氣交易）來減少摩擦以及通過透明度建立信任對於長期成功至關重要。

Final Thoughts

最後的想法

The confluence of regulatory clarity, maturing DeFi infrastructure, and a focus on user experience is paving the way for greater institutional participation in the crypto space. As crypto-native asset managers continue to innovate and institutions embrace DeFi as a powerful back-end, the future of finance is looking increasingly decentralized. It's an exciting time to be building in this space, so buckle up and enjoy the ride!

監管清晰度，成熟的Defi基礎架構以及對用戶體驗的關注的匯合處是為更大的機構參與加密空間鋪平道路。隨著加密本地資產經理繼續進行創新，機構將DEFI視為強大的後端，財務的未來看上去越來越分散。這是在這個空間建造的激動人心的時刻，所以搭扣並享受旅程！