Polkadot的Pusd：一種本地穩定的，以釋放出潛能

Polkadot即將推出Pusd，這是一種由點支持的Stablecoin，以提高Defi流動性並減少對外部穩定的依賴，從而有可能徹底改變其生態系統。

Polkadot's pUSD: A Native Stablecoin to Unleash DeFi Potential

Polkadot的Pusd：一種本地穩定的，以釋放出潛能

Polkadot is making waves with its proposal to launch pUSD, a stablecoin fully backed by DOT tokens. This move aims to boost DeFi liquidity, reduce reliance on stablecoins like USDT and USDC, and foster economic resilience within the Polkadot ecosystem. Is pUSD the key to unlocking Polkadot's full potential?

波爾卡多（Polkadot）的提議正在發動波斯（Pusd），這是一個由點令牌完全支持的穩定者。此舉旨在提高Defi流動性，減少對USDT和USDC等穩定的依賴，並在Polkadot生態系統中促進經濟韌性。 PUSD是解鎖Polkadot的全部潛力的關鍵嗎？

The Dawn of pUSD: A DOT-Collateralized Stablecoin

PUSD的黎明：一個點 - 填充的Stablecoin

Polkadot is gearing up to launch pUSD, its first native stablecoin, designed to be fully backed by DOT tokens. This initiative is gaining traction, with a recent proposal highlighting its potential to boost DeFi growth and reduce dependence on external stablecoins. The proposed pUSD is designed as an over-collateralized debt token, allowing users to borrow against their DOT holdings without sacrificing them. This mechanism aims to bring more stability to traders and liquidity providers, while also promoting developer activity.

Polkadot正在準備發射Pusd，這是其第一個本地Stablecoin，旨在完全由DOT令牌支持。該倡議正在引起人們的關注，最近提出的提案突出了其增長的潛力，並減少對外部穩定的依賴性。擬議的PUSD被設計為過度物質化的債務令牌，使用戶可以在不犧牲它們的情況下借用其點持有量。這種機制旨在為貿易商和流動性提供者帶來更大的穩定性，同時還促進開發人員的活動。

Why pUSD Matters

為什麼PUSD很重要

The introduction of pUSD is a strategic move by Polkadot to foster self-sufficiency and economic resilience. By establishing pUSD, Polkadot aims to make the conversion between OpenGov DOT-stablecoin and pUSD much more convenient, promoting self-sufficiency. This stablecoin may also be included in Polkadot’s Treasury for payments, reducing the need for maintaining separate reserves in external stablecoins. Over time, the Treasury could even use pUSD as an incentive for staking, potentially eliminating DOT inflation and replacing it with stable payouts.

PUSD的引入是Polkadot促進自給自足和經濟韌性的戰略舉動。通過建立PUSD，Polkadot的目標是使OpenGov Dot-Stablecoin和Pusd之間的轉換更加方便，從而促進自給自足。該穩定的股份也可以包括在Polkadot的財政部以進行付款，從而減少了在外部穩定中維持單獨儲量的需求。隨著時間的流逝，財政部甚至可以將PUSD用作積累的動機，有可能消除DOT通貨膨脹並以穩定的支出代替。

Addressing Liquidity Challenges

應對流動性挑戰

One of the key drivers behind pUSD is the need to address liquidity challenges within the Polkadot ecosystem. Currently, Polkadot has less than $100 million in stablecoin liquidity, significantly lower than chains like Ethereum and Solana. This lack of liquidity has hindered the network’s DeFi growth and discouraged developers. pUSD aims to solve this by providing a stable medium of exchange, supporting developers building DeFi apps, and enabling holders to borrow against DOT without liquidation.

PUSD背後的主要驅動因素之一是需要解決Polkadot生態系統中的流動性挑戰。目前，Polkadot的Stablecoin流動性不到1億美元，其鏈條明顯低於以太坊和Solana等連鎖店。這種流動性的缺乏阻礙了該網絡的挑戰增長和灰心的開發人員。 PUSD的目的是通過提供穩定的交換媒介，支持開發人員構建Defi應用程序，並使持有人能夠在沒有清算的情況下借用DOT來解決這一問題。

Community and Governance

社區和治理

The pUSD proposal has garnered significant community support, with voting support nearing the approval threshold. Polkadot co-founder Gavin Wood has also expressed his support, calling the stablecoin “strategically essential” to the future of the network. The rollout of pUSD will be guided by OpenGov tokenholders, reflecting decentralized consensus and showcasing Polkadot’s community-driven model. This democratic process aims to increase legitimacy and ensure that the stablecoin aligns with the needs of the Polkadot community.

PUSD提案獲得了大量的社區支持，投票支持接近批准門檻。 Polkadot的聯合創始人加文·伍德（Gavin Wood）也表示支持，稱穩定的人對網絡的未來“戰略性至關重要”。 PUSD的推出將以OpenGov Tokenholder的指導，反映出分散的共識並展示Polkadot的社區驅動模型。這一民主進程旨在提高合法性，並確保穩定劑與波爾卡多社區的需求保持一致。

A Broader Industry Trend

更廣泛的行業趨勢

Polkadot’s move towards a native stablecoin is part of a broader industry trend. Several competing blockchains have created similar assets to build internal economies and mitigate third-party risk. Others point to Circle’s USDC and Tether’s USDT as becoming potential risk factors because they are subject to external governance and regulatory interventions. By de-pegging, the network takes a step towards reducing its reliance on outside stablecoins and enabling greater autonomy and liquidity.

波爾卡多（Polkadot）朝著本地穩定的穩定性轉向是更廣泛的行業趨勢的一部分。幾個相互競爭的區塊鏈創造了類似的資產來建立內部經濟並減輕第三方風險。其他人則指出，Circle的USDC和Tether的USDT是潛在的危險因素，因為它們受外部治理和監管干預措施的約束。通過De-Peggging，該網絡邁出了一步，朝著減少其對外部穩定的依賴，並實現更大的自主權和流動性。

Potential Concerns and Controversies

潛在的關注和爭議

While the proposal has strong support, it has also sparked some controversy. Observers warn against a system-level stablecoin, raising concerns about potential risks. However, proponents argue that the benefits of pUSD, such as increased liquidity and reduced reliance on external stablecoins, outweigh the risks. The debate highlights the complexities of introducing a native stablecoin and the need for careful consideration of potential consequences.

儘管該提議得到了強有力的支持，但它也引發了一些爭議。觀察者警告說，對系統級的穩定劑警告，引起了人們對潛在風險的擔憂。但是，支持者認為，PUSD的益處，例如增加的流動性和減少對外部穩定的依賴的依賴，超過了風險。辯論強調了引入本地穩定的複雜性以及仔細考慮潛在後果的需要。

The Future of pUSD

PUSD的未來

If approved, pUSD would become an integral part of the Asset Hub of Polkadot. It is expected to attract traders who need a stable medium of exchange, support developers building DeFi apps, and enable holders to borrow against DOT without liquidation. The success of pUSD will depend on its ability to maintain stability, foster community trust, and drive DeFi growth within the Polkadot ecosystem.

如果獲得批准，PUSD將成為Polkadot資產中心的組成部分。預計將吸引需要穩定的交換媒介，支持開發人員建立偏見應用程序的交易者，並使持有人能夠在不清算的情況下借用DOT。 PUSD的成功將取決於其維持穩定性，促進社區信任並推動Polkadot生態系統中的Defi增長的能力。

So, will pUSD be the game-changer Polkadot needs? Only time will tell, but one thing is for sure: the future of DeFi on Polkadot just got a whole lot more interesting. Keep your eyes peeled, folks – this could be the start of something big!

那麼，PUSD會成為改變遊戲規則的Polkadot需求嗎？只有時間會說明，但是可以肯定的是：Polkadot上Defi的未來變得更加有趣。睜大眼睛，伙計們 - 這可能是大事物的開始！