FTX揭示了中心化金融的問題，並證明了DeFi的必要性

Sam Bankman-Fried 的加密貨幣交易帝國的崩潰不可能也不會發生在去中心化和透明的協議上。

The recent collapse of Sam Bankman-Fried's FTX crypto exchange has highlighted the problems inherent in centralized finance (CeFi) and the need for decentralized finance (DeFi).

Sam Bankman-Fried 的 FTX 加密貨幣交易所最近的崩潰凸顯了中心化金融（CeFi）固有的問題和去中心化金融（DeFi）的需求。

Unlike CeFi platforms, which hold the keys to user assets and can engage in risky practices like under-collateralization, DeFi protocols are designed to preserve the benefits introduced by Bitcoin and amplified by Ethereum, such as permissionlessness, transparency, censorship resistance, and self-sovereign custody of assets.

與CeFi 平台不同，CeFi 平台掌握著用戶資產的金鑰，可能會進行抵押不足等風險行為，而DeFi 協議旨在保留比特幣帶來的、以太坊放大的好處，例如無需許可、透明、抗審查和自我保護等。

In the wake of the FTX failure, some centralized exchanges (CEXs) and CeFi platforms have been overwhelmed with users withdrawing funds, forcing them to freeze transfers off the platform. This indicates that some of these platforms may be insolvent.

FTX故障後，一些中心化交易所（CEX）和CeFi平台因用戶撤資而不堪重負，迫使他們凍結平台轉帳。這表明其中一些平台可能資不抵債。

Those who had funds on FTX will likely lose their money. Several large venture firms and Web3 companies disclosed to their investors on Wednesday that a significant portion of their assets under management (AUM) or treasuries were lost to CEXs.

那些在 FTX 上有資金的人可能會賠錢。幾家大型創投公司和 Web3 公司週三向投資者透露，他們管理的資產 (AUM) 或國庫資金的很大一部分都流失到了中央交易所 (CEX)。

However, decentralized exchanges (DEXs) like Uniswap, Balancer, Curv, and other DeFi platforms have been functioning smoothly, allowing users to exit their crypto positions or capitalize on low prices and buy in.

然而，Uniswap、Balancer、Curv 等去中心化交易所 (DEX) 和其他 DeFi 平台一直運作順利，允許用戶退出其加密貨幣部位或利用低價買入。

Throughout this episode, users never lost access to their assets, which is a fundamental aspect of consumer protection in finance.

在整個過程中，使用者從未失去對其資產的存取權，這是金融領域消費者保護的基本面向。

As the world embraces the decentralized future, DeFi platforms offer the best path to an open, accessible, and inclusive financial system, where users have complete control over their assets and the freedom to participate in a permissionless economy.

隨著世界擁抱去中心化的未來，DeFi 平台提供了通往開放、可訪問和包容性金融體系的最佳途徑，用戶可以完全控制自己的資產並自由參與無需許可的經濟。