DYDX ETP：機構投資者獲得了身體支持的Defi暴露

21Shares推出了一個身體支持的DYDX ETP，為機構投資者提供了通往DYDX鍊和不斷增長的Defi衍生物世界的監管門戶。

The dYdX ETP is making waves. It's a physically backed product giving institutional investors a regulated and trustworthy way to access the dYdX Chain. Think of it as a bridge connecting traditional finance to the exciting, and sometimes intimidating, world of DeFi derivatives. Let's dive in!

DYDX ETP正在引起波浪。這是一種具有身體支持的產品，為機構投資者提供了一種訪問DYDX鏈的受監管和值得信賴的方式。將其視為將傳統財務與令人興奮的，有時令人生畏的Defi衍生物世界聯繫起來的橋樑。讓我們潛入！

dYdX ETP: A New On-Ramp for Institutions

DYDX ETP：機構的新坡道

21Shares launched the dYdX ETP, ticker symbol DYDX, on Euronext Paris and Amsterdam. The big deal? It's physically backed, meaning it actually holds the DYDX token. This is huge for institutional investors who need that extra layer of security and compliance. The dYdX Treasury subDAO is even supporting the ETP via kpk, a DeFi treasury manager. This arrangement brings on-chain governance into traditional markets.

21Shares在歐洲版本巴黎和阿姆斯特丹推出了DYDX ETP，股票符號DYDX。大事？它是身體後備的，這意味著它實際上容納了dydx令牌。對於需要額外的安全性和合規性層的機構投資者來說，這是巨大的。 DYDX財政部的Subdao甚至通過Defi財政經理KPK支持ETP。這種安排將鍊式治理帶入傳統市場。

What's the Big Deal with dYdX?

DYDX有什麼大不了的？

dYdX boasts over $1.4 trillion in cumulative trading volume and lists over 230 perpetual futures markets. This ETP provides a regulated entry point into this growing market. Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized that this launch marks a "milestone moment in DeFi adoption," allowing institutions to access dYdX using familiar infrastructure.

DYDX擁有超過1.4萬億美元的累計交易量，並列出了230多個永久期貨市場。該ETP為這個不斷增長的市場提供了一個受管制的入口點。 21Shares的金融產品開發負責人Mandy Chiu強調，此發射標誌著“採用Defi的里程碑時刻”，允許機構使用熟悉的基礎架構訪問DYDX。

More Than Just an ETP: Staking, Telegram Trading, and More

不僅僅是ETP：Staking，Telegram Trading等等

21Shares isn't stopping there. DYDX staking, with an auto-compounding feature to direct rewards into token buybacks, is on the horizon. Plus, dYdX itself is evolving with Telegram trading (to simplify order entry), a Solana spot market, and even perpetual futures tied to real-world assets like equities. Fee discounts for DYDX stakers and broader stablecoin/fiat deposits are also in the works.

21shares並沒有停止那裡。 DYDX Staking帶有自動化合物功能，可以將獎勵直接獎勵進入代幣回購。另外，DYDX本身正在隨著電報交易（簡化訂單輸入），索拉納（Solana）現貨市場，甚至與現實世界中的股票等現實資產相關的永久期貨的發展發展。 DYDX Stakers的費用折扣和更廣泛的Stablecoin/Fiat存款也在進行中。

The Bigger Picture: DeFi Derivatives Go Mainstream

更大的局面：Defi衍生物成為主流

The dYdX ETP is part of a broader trend of bringing DeFi derivatives into regulated venues. We're seeing similar moves from Kraken, Cboe, and CME. Cboe, for example, plans to launch continuous futures for Bitcoin and Ether, targeting institutions seeking listed crypto derivatives without direct custody. These developments show that institutional interest in crypto is growing. Look at ETH, for example, institutions keep buying in, even as it corrects. As Lookonchain posted, wallets withdrew millions from Kraken!

DYDX ETP是將Defi衍生物帶入受調節場所的更廣泛趨勢的一部分。我們看到了Kraken，Cboe和CME的類似動作。例如，CBOE計劃為比特幣和以太的連續期貨推出，目標是尋求無直接託管的加密衍生品的機構。這些事態發展表明，對加密貨幣的機構興趣正在增長。例如，看看ETH，即使是糾正的，機構都會不斷購買。正如Lookonchain發布的那樣，錢包從Kraken中撤出了數百萬美元！

Final Thoughts: DeFi is Maturing

最終想法：Defi正在成熟

From Bitcoin futures in 2017 to today's DeFi derivatives access, the crypto landscape has matured. The 21Shares dYdX ETP is a prime example. It's wrapping a DeFi ecosystem in a listed format, aligning on-chain activity with traditional exchange-based access. What was once a wild west is becoming a bit more civilized, and that's good news for everyone.

從2017年的比特幣期貨到當今的Defi衍生品訪問，加密貨幣景觀已經成熟。 21shares dydx ETP是一個很好的例子。它正在以列出的格式包裝Defi生態系統，將鏈上的活動與傳統的基於基於交換的訪問保持一致。曾經是一個野外的西部的東西變得更加文明，這對每個人來說都是個好消息。