SpringSui：Sui 網路上流動性質押的新代幣標準

Suilend 開發的新代幣標準為 Sui 上的流動性質押帶來了可喜的推動。

A new token standard for creating liquid staking tokens (LSTs) on Sui has been unveiled by Suilend, the team behind the popular DeFi lending protocol. Named SpringSui, the standard is set to have major implications for Sui builders and users alike.

Suilend 是熱門 DeFi 借貸協議背後的團隊，推出了在 Sui 上創建流動性質押代幣 (LST) 的新代幣標準。該標準名為 SpringSui，將對 Sui 建構者和使用者產生重大影響。

Aftermath Finance is one of the first Sui protocols to incorporate SpringSui, and there are signs that other Sui projects are also poised to take the plunge.

Aftermath Finance 是首批納入 SpringSui 的 Sui 協議之一，有跡象表明其他 Sui 專案也準備採取這項措施。

Two Standards That Work as One

兩個標準合而為一

SpringSui is built upon SIP-31 and SIP-33, two protocol upgrades that support assets such as LSTs by allowing staked tokens to become fungible. As Emma Zhong, Software Engineer at Mysten Labs, explains: “SIP-33’s instant unstaking feature improves the safety of LSTs by minimizing depegging risks. This upgrade represents a major step in boosting the safety, efficiency, and accessibility of staking products across Sui’s DeFi ecosystem.”

SpringSui 基於 SIP-31 和 SIP-33 構建，這兩種協議升級透過允許質押代幣變得可替代來支持 LST 等資產。正如 Mysten Labs 軟體工程師 Emma Zhu 所解釋的那樣：「SIP-33 的即時取消抵押功能可透過最大限度地降低脫鉤風險來提高 LST 的安全性。此次升級代表 Sui 的 DeFi 生態系統在提高質押產品的安全性、效率和可及性方面邁出了重要一步。

More than just a proof of concept, SpringSui’s release has been accompanied by the launch of Spring SUI (sSUI), the first LST to harness this new framework. Users who stake SUI can receive sSUI on a 1:1 basis. This liquid staking token can then be utilized in other ways: for instance paired against SUI in a liquidity pool to earn a share of trading fees or as collateral to borrow stablecoins.

SpringSui 的發布不僅僅是一個概念驗證，還伴隨著 Spring SUI (sSUI) 的發布，這是第一個利用這一新框架的 LST。質押 SUI 的使用者可以按照 1:1 的比例獲得 sSUI。然後，這種流動性質押代幣可以以其他方式使用：例如與流動性池中的 SUI 配對，以賺取一部分交易費用或作為借入穩定幣的抵押品。

Making Liquid Staking the Center of Sui

讓流動性押成為Sui的中心

SpringSui is designed to grow the liquid staking landscape on Sui network, which has lagged behind more mature networks such as Ethereum when it comes to liquid staking. At present, just over 1% of all native SUI is staked through liquid staking on Sui, whereas a whopping 41% of ETH is liquid staked on Ethereum. Even Solana is ahead with over 6.6% of SOL liquid staked compared to Sui. Being newer to PoS and DeFi, Sui is still developing its LST ecosystem which is why the SpringSui standard has been widely welcomed by developers.

SpringSui 旨在發展 Sui 網路上的流動性質押格局，該網路在流動性質押方面落後於以太坊等更成熟的網路。目前，所有原生 SUI 中只有略多於 1% 的流動性質押在 Sui 上，而高達 41% 的 ETH 則流動性質押在以太坊上。與 Sui 相比，甚至 Solana 的 SOL 流動性質押量也領先 6.6% 以上。作為 PoS​​ 和 DeFi 的新手，Sui 仍在開發其 LST 生態系統，這也是 SpringSui 標準受到開發者廣泛歡迎的原因。

Ethereum’s transition to Proof of Stake (PoS) has driven significant demand for staking. LSTs on Ethereum, like stETH (Lido’s liquid staked Ethereum) and rETH (Rocket Pool’s token), allow users to earn staking rewards while participating in DeFi. This same principle is now widely used across numerous PoS chains, with LSTs widely regarded as superior to conventional staking from a user perspective.

以太坊向權益證明 (PoS) 的過渡推動了對權益質押的巨大需求。以太坊上的 LST，如 stETH（Lido 的流動質押以太坊）和 rETH（Rocket Pool 的代幣），允許用戶在參與 DeFi 的同時獲得質押獎勵。同樣的原理現在廣泛應用於眾多 PoS 鏈中，從使用者的角度來看，LST 被廣泛認為優於傳統的質押。

Not only do liquid staking protocols lower the barriers to entry, because users can stake with any amount, they’re freed from needing to run a validator node. Solo staking on Ethereum, for example, requires a minimum of 32 ETH. The growth of LSTs on Sui through SpringSui will be good for Suilend, good for DeFi users, and good for the broader staking industry.

流動質押協議不僅降低了進入門檻，因為用戶可以以任意金額進行質押，而且他們無需運行驗證器節點。例如，單獨質押以太坊至少需要 32 ETH。透過 SpringSui，Sui 上的 LST 的成長將有利於 Suilend，有利於 DeFi 用戶，也有利於更廣泛的 Stake 產業。