Polkadot的Pusd：用於Defi流動性的新黎明？

Polkadot正在推動Pusd，這是一個由點支持的Stablecoin，旨在提高Defi，減少對USDT/USDC的依賴以及Streamline Theareury toasury ops。它會解決Polkadot的流動性困境嗎？

Polkadot's pUSD: A New Dawn for DeFi Liquidity?

Polkadot的Pusd：用於Defi流動性的新黎明？

Polkadot is taking a bold step towards DeFi autonomy with its proposal for pUSD, a stablecoin backed entirely by DOT. This move aims to supercharge DeFi activity, pump up liquidity, and ditch the dependence on external stablecoins like USDT and USDC. Let's dive into what this could mean for the Polkadot ecosystem.

Polkadot憑藉其對PUSD的提議邁出了大膽的一步，該提議完全由DOT支持。此舉措旨在增強對活動的抗氣活動，泵送流動性，並拋棄對USDT和USDC等外部穩定的依賴性。讓我們深入了解這對Polkadot生態系統意味著什麼。

The Vision: pUSD as Polkadot's Native Stablecoin

願景：PUSD為Polkadot的本地Stablecoin

The Polkadot community is buzzing about the potential launch of pUSD, a stablecoin that's all about DOT. If the governance proposal gets the green light, pUSD will leverage the Honzon protocol stack. Unlike Acala’s aUSD, which had a rough patch, pUSD is laser-focused on using DOT as its sole collateral.

Polkadot社區對Pusd的潛在推出（一種與DOT有關的穩定者）嗡嗡作響。如果治理提案獲得綠燈，PUSD將利用Honzon協議堆棧。與Acala的AUSD不同，它的斑塊很粗糙，PUSD專注於使用DOT作為其唯一抵押品。

Think of pUSD as an over-collateralized debt position (CDP). Users can lock up their DOT, snag pUSD, and keep their DOT—no selling required. The big picture? A decentralized alternative to centralized stablecoins that fuels DeFi growth on Polkadot.

將PUSD視為過度的債務頭寸（CDP）。用戶可以鎖定他們的點，snag pusd並保持點 - 無需銷售。大局？燃料對Polkadot燃料增長的集中式穩定劑的分散替代品。

The proposal spells it out: pUSD is set to be the native stablecoin for the Polkadot Asset Hub, reducing our reliance on USDT/USDC. It could even streamline how the Treasury handles stablecoin conversions.

該提案將其闡明：PUSD將成為Polkadot Asset Hub的本地穩定股，從而減少了我們對USDT/USDC的依賴。它甚至可以簡化財政部如何處理Stablecoin轉換。

Treasury Integration and DOT Inflation: A Strategic Play

財政部整合和點通貨膨脹：戰略競爭

If pUSD gets the nod, the Polkadot Treasury could start using it for payments. Right now, the Treasury juggles DOT and external stablecoins. Switching to pUSD would cut out the need for those external reserves and smooth out budget operations across the board.

如果PUSD點頭，Polkadot財政部可以開始使用它進行付款。現在，財政部雜耍了點和外部穩定。切換到PUSD將減少對這些外部儲備的需求，並全面平滑預算操作。

But wait, there's more! The plan is to eventually use pUSD for staking rewards. This could dial down the need for constant DOT inflation, which currently funds validator and nominator rewards. Using a stable asset could make the network's economics way more sustainable.

但是等等，還有更多！該計劃最終將PUSD用於放入獎勵。這可以降低對持續點通貨膨脹的需求，該點通貨膨脹目前為驗證者和提名人的獎勵提供了資金。使用穩定的資產可以使網絡的經濟學方式更加可持續。

This move mirrors what we're seeing in other ecosystems, where native stablecoins are being woven into core governance and reward structures.

這一舉動反映了我們在其他生態系統中看到的東西，在其他生態系統中，本地穩定的人正在編織成核心治理和獎勵結構。

Community Support and Gavin Wood's Endorsement

社區支持和加文·伍德的認可

The pUSD proposal is currently up for a community vote under Polkadot’s OpenGov system. The latest numbers show strong support, signaling that community members and stakeholders are on board.

PUSD提案目前正在Polkadot的OpenGov系統下進行社區投票。最新數字顯示出強烈的支持，表明社區成員和利益相關者正在加入。

Polkadot co-founder Gavin Wood is a big fan of pUSD. He sees it as “strategically essential” for the network's future. According to Wood, Polkadot Hub needs a native DOT-backed stablecoin to keep benefits, liquidity, and security from slipping away. He stresses the importance of a native stablecoin to reduce dependence on USDT and USDC and boost on-chain financial tools.

Polkadot聯合創始人Gavin Wood是PUSD的忠實擁護者。他認為這對於網絡的未來而言是“戰略性的”。根據伍德的說法，Polkadot Hub需要一個由土著餐廳支​​持的Stablecoin來保留福利，流動性和安全性。他強調了一個本地穩定的人在減少對USDT和USDC的依賴並增強鏈上金融工具的重要性。

The Liquidity Challenge on Polkadot

Polkadot的流動性挑戰

Here's the deal: Polkadot's stablecoin liquidity is lagging. Data from DeFi Llama shows less than $100 million in stablecoin assets across the ecosystem. Compare that to Ethereum and Solana, which boast billions. This liquidity gap has been holding back DeFi growth and developer activity.

這就是交易：Polkadot的Stablecoin流動性落後。來自Defi Llama的數據顯示，整個生態系統中的Stablecoin資產不到1億​​美元。將其與擁有數十億美元的以太坊和Solana進行比較。這種流動性差距一直阻止Defi增長和開發人員活動。

A DOT-backed stablecoin could bring more stability for traders, liquidity providers, and developers in the Polkadot ecosystem.

由點支持的穩定者可以為Polkadot生態系統中的貿易商，流動性提供者和開發商帶來更大的穩定性。

Personal Take: Is pUSD the Key to Unlocking Polkadot's Potential?

個人看法：PUSD是解鎖Polkadot潛力的關鍵嗎？

While the introduction of pUSD is promising, success hinges on robust risk management and community governance. The failure of Acala's aUSD serves as a stark reminder of the potential pitfalls. For pUSD to thrive, it needs stringent oversight and proactive measures to prevent mismanagement and technical glitches. If Polkadot can nail this, pUSD could indeed be the catalyst that unlocks its DeFi potential.

儘管PUSD的引入很有希望，但成功取決於強大的風險管理和社區治理。阿卡拉（Acala）的澳大利亞（Ausd）的失敗使人想起了潛在的陷阱。為了使PUSD蓬勃發展，它需要嚴格的監督和主動措施，以防止管理不善和技術故障。如果Polkadot可以釘住這一點，PUSD確實可以是催化其抗抗潛力的催化劑。

The Bigger Picture: Native Stablecoins on the Rise

更大的圖片：本地穩定幣正在上升

The introduction of pUSD is part of a broader trend. Many chains are launching stable assets tied to their native tokens to reduce third-party risk and rev up internal economic activity.

PUSD的引入是更廣泛的趨勢的一部分。許多連鎖店正在推出與本國令牌相關的穩定資產，以降低第三方風險並改善內部經濟活動。

If it passes, pUSD will become the core stable asset on the Polkadot Asset Hub, serving users who want to borrow against DOT, transact in a native stable currency, and jump into new DeFi protocols without swapping to external stablecoins.

如果它通過，PUSD將成為Polkadot Asset Hub上的核心穩定資產，為想要藉用DOT，以本機穩定貨幣進行交易的用戶服務，並跳入新的Defi協議而無需交換外部穩定的stablecoins。

Final Thoughts

最後的想法

So, will pUSD be the magic bullet for Polkadot's DeFi scene? Only time will tell. But one thing's for sure: it's a bold move that could shake things up in the best way possible. Keep your eyes peeled, folks—this could be the start of something big!

那麼，PUSD會成為Polkadot Defi場景的魔術子彈嗎？只有時間會證明。但是可以肯定的是：這是一個大膽的舉動，可以以最好的方式振作起來。睜大眼睛，伙計們 - 這可能是大事物的開始！