曲線融資作為穩定交換的領先協議的成功背後，有一個具有高級數學和物理背景的人物，即邁克爾·埃格羅夫（Michael Egorov）。

他不是一個普通的Defi創始人。 Egorov擁有量子物理學學位，為分散金融的世界帶來了獨特的科學方法。

In the vibrant landscape of decentralized finance (DeFi), a protocol stands out for its innovative approach to stablecoin exchanges and the role it plays in shaping the future of the DeFi ecosystem. This protocol is none other than Curve Finance.

在分散融資（DEFI）的充滿活力的景觀中，協議以其創新的穩定方式交流及其在塑造Defi生態系統的未來中所發揮的作用而脫穎而出。該協議就是曲線融資。

However, few realize that behind the success of Curve, there is a figure with a high-level mathematics and physics background, namely Michael Egorov.

但是，很少有人意識到，在曲線的成功之後，有一個具有高級數學和物理背景的人物，即邁克爾·埃格羅夫（Michael Egorov）。

He is not an ordinary DeFi founder. Armed with a degree in quantum physics, Egorov brings a unique scientific approach to the world of decentralized finance.

他不是一個普通的Defi創始人。 Egorov擁有量子物理學學位，為分散金融的世界帶來了獨特的科學方法。

But his career journey is not only about innovation. Because there is also a story full of dynamics, starting from early projects, disputes in the governance system, to controversies related to the sale of tokens worth millions of dollars.

但是他的職業生涯不僅與創新有關。因為也有一個充滿活力的故事，從早期項目開始，治理系統中的爭議，以及與出售價值數百萬美元的代幣有關的爭議。

So, who exactly is this Egorov figure and how does he influence the future direction of DeFi? Let’s explore further.

那麼，這個Egorov到底是誰，他如何影響Defi的未來方向？讓我們進一步探索。

Who is Michael Egorov, and Why is He Important?

邁克爾·埃格羅夫（Michael Egorov）是誰，為什麼他很重要？

Michael Egorov is the key figure behind Curve Finance, one of the leading decentralized exchange (DEX) protocols focused on stablecoin exchanges.

邁克爾·埃格羅夫（Michael Egorov）是曲線金融背後的關鍵人物，曲線金融是針對穩定交換的領先分散交易所（DEX）協議之一。

He also leads Curve Finance Labs as CEO, the institution that develops the technology behind Curve.

他還領導曲線金融實驗室，擔任首席執行官，這是開發曲線背後技術的機構。

Since its rise to fame in 2020, Curve has become one of the foundations of the DeFi ecosystem thanks to its liquidity efficiency and yield farming innovations.

自2020年成名以來，由於其流動性效率並產生了農業創新，曲線已成為Defi生態系統的基礎之一。

Egorov himself was born and raised in Russia, and has an impressive academic background.

埃格羅夫本人在俄羅斯出生和長大，具有令人印象深刻的學術背景。

He studied at the Moscow Institute of Physics and Technology, one of the most prestigious universities in the field of science and technology, and earned degrees in Applied Mathematics and Physics.

他曾在莫斯科物理技術研究所學習，這是科學技術領域最負盛名的大學之一，並在應用數學和物理學領域獲得了學位。

He is also known as a bronze medalist at the 2003 International Physics Olympiad, indicating his early scientific talent.

他還在2003年國際物理奧林匹克運動會上被稱為銅牌獲得者，表明他的早期科學才華。

Prior to founding Curve, Egorov served as CTO and Co-founder of NuCypher, a data encryption project that was born out of Y Combinator incubation.

在建立曲線之前，Egorov擔任CTO和Nucypher的聯合創始人，Nucypher是一個來自Y組合孵育的數據加密項目。

NuCypher develops security solutions with proxy re-encryption technology to protect big data platforms, such as Apache Kafka, Spark, and Hadoop from security holes.

Nucypher通過代理重新加入技術開發安全解決方案，以保護大數據平台，例如Apache Kafka，Spark和Hadoop免受安全孔的影響。

Not only that, he also worked at LinkedIn and was directly involved in overcoming system scalability challenges.

不僅如此，他還曾在LinkedIn工作，並直接參與了克服系統可伸縮性挑戰。

In addition to NuCypher and Curve, Egorov also initiated LoanCoin, an early project that showed his interest in a financial system without intermediaries long before DeFi became a global trend.

除了核能和曲線外，Egorov還啟動了Loancoin，這是一個早期的項目，該項目表明了他對沒有中介機構的金融體系的興趣，在Defi成為全球趨勢之前。

With a combination of expertise in quantum physics, cryptography, and experience building technology infrastructure, Egorov is one of the key figures in shaping the future direction of decentralized finance.

Egorov結合了量子物理學，加密技術和經驗建設技術基礎設施的專業知識，是塑造分散融資的未來方向的關鍵人物之一。

Behind Curve’s Popularity: Dominance & Criticism

曲線的受歡迎程度背後：統治與批評

Although Curve is a DAO (Decentralized Autonomous Organization),, Egorov still holds enormous power thanks to his vast holdings of CRV tokens.

儘管Curve是一個DAO（分散的自治組織），但由於他的CRV代幣持有龐大的持有，Egorov仍然擁有巨大的權力。

In a DAO system, decisions are supposed to be made decentralized by the community.

在DAO系統中，決定應該由社區分散。

However, Egorov remains a very influential figure due to his large number of tokens, giving him significant voting rights in many important decisions.

但是，由於埃戈羅夫（Egorov），由於他的代幣數量大量，他仍然是一個非常有影響力的人物，在許多重要決定中賦予了他重要的投票權。

In 2023, Egorov made a controversial move by selling millions of CRV tokens to cover his mounting debts in various DeFi protocols, such as Aave and Frax.

2023年，埃戈羅夫（Egorov）通過出售數百萬個CRV令牌來彌補其不斷增加的債務，例如AAVE和FRAX等各種債務。

The decision sparked a stir in the market as there were concerns that the action could destabilize Curve, which is essentially a protocol that relies heavily on trust and stability.

該決定在市場上引起了轟動，因為人們擔心該行動可能會破壞曲線的穩定，這實質上是一項嚴重依賴信任和穩定性的協議。

The action caused division among the community. Some supported the decision, arguing that the token sale was necessary to maintain liquidity and ensure the continuity of the protocol’s operations.

該行動導致社區之間的分裂。一些人支持該決定，認為代幣出售對於維持流動性並確保協議運營的連續性是必要的。

However, there are also concerns that this action indicates a centralization of power that could threaten the basic principles of decentralization that are the foundation of Curve.

但是，也有人擔心此行動表明權力集中，這可能威脅到權力的基本原則，這是曲線的基礎。

Also read related articles: DAO vs OZO: Decentralization and Centralization in Blockchain

另請閱讀相關文章：DAO與Ozo：區塊鏈中的分散和集中化

Egorov’s Big Impact on the DeFi World

埃戈羅夫對迪迪世界的巨大影響

Egorov brings a very analytical and scientific approach to designing Curve, integrating complex mathematical concepts to maintain price stability and maximize liquidity efficiency.

Egorov為設計曲線帶來了一種非常分析和科學的方法，將復雜的數學概念整合在一起以保持價格穩定性並最大程度地提高流動性效率。

One of his most significant contributions is the implementation of a mathematical model that ensures the Curve protocol can continue to function properly even in the face of sharp market fluctuations.

他最重要的貢獻之一是實施數學模型，該模型可以確保即使面對急劇的市場波動，曲線協議也可以繼續正常運行。

This approach not only makes Curve a more stable platform, but also gives users and investors confidence to allocate their funds in an ecosystem that is considered safer and more predictable.

這種方法不僅使曲線成為更穩定的平台，而且還使用戶和投資者有信心在被認為更安全，更可預測的生態系統中分配其資金。

In addition, Egorov has also inspired the development of other DeFi protocols, such as Convex Finance, which is built on the foundation of Curve.

此外，Egorov還啟發了其他Defi協議的開發，例如凸金融，該協議建立在曲線的基礎上。

Convex Finance optimizes the use of CRV tokens, allowing users to earn higher returns without having to be directly involved in staking tokens.

凸金融優化了CRV代幣的使用，使用戶可以賺取更高的回報，而無需直接參與蓄積令牌。

Such innovations expand Curve’s use case and strengthen its position in the ever-growing DeFi ecosystem. The innovations pioneered by Egorov have led to an increasingly liquid and complex DeFi ecosystem.

這種創新擴大了曲線的用例，並加強了其在不斷增長的Defi生態系統中的地位。 Egorov開創的創新導致了一個日益流動和復雜的自生態系統。

By providing a solid infrastructure for yield farming and liquidity mining strategies, Curve is now an integral part of many other DeFi protocols and applications.

通過為產量耕作和流動性挖掘策略提供可靠的基礎設施，曲線現在已成為許多其他Fefi協議和應用的組成部分。

This makes Curve not only a decentralized exchange platform, but also a foundation that supports thousands of decentralized finance applications in the market today.

這不僅使曲線成為一個分散的交換平台，而且還使基金會支持當今市場上數千個分散的金融應用程序。

Is Egorov Still Worth Trusting?

Egorov仍然值得信任嗎？