Synthetix 面臨 Arbitrum 挑戰，未能延長長期激勵計畫撥款

Synthetix 是一種流行的 DeFi 協議，它的 Arbitrum（以太坊第 2 層平台）計劃正面臨挑戰。

DeFi protocol Synthetix has encountered a setback in its plans for Arbitrum, a layer-2 platform for Ethereum, as the community voted against extending its Long-Term Incentive Program (LTIP) grant. The goal was to support the launch of Multi-Collateral Perps, a feature that would have allowed traders to trade on margin with ETH, BTC, and USDx as collateral when initiating perpetual futures on Arbitrum via Synthetix perpetuals.

由於社區投票反對延長其長期激勵計劃 (LTIP) 撥款，DeFi 協議 Synthetix 在其以太坊第 2 層平台 Arbitrum 計劃中遇到了挫折。目標是支援多抵押 Perps 的推出，該功能允許交易者在透過 Synthetix 永續合約在 Arbitrum 上啟動永續期貨時，以 ETH、BTC 和 USDx 作為抵押品進行保證金交易。

If the Arbitrum community had agreed, it would have enabled Synthetix to distribute 900,000 ARB as trading fee rebates. According to the Synthetix proposal, they aimed to incentivize users and, in turn, boost the active trading volume of Synthetix on the layer-2 platform.

如果 Arbitrum 社區同意，Synthetix 將分發 900,000 ARB 作為交易費用回扣。根據 Synthetix 的提案，他們的目的是激勵用戶，進而提高 Synthetix 在 Layer 2 平台上的活躍交易量。

While novel and a net positive for Synthetix, the ARB community ultimately deemed the extension, which would have run from September 16 through November 16, to be unnecessary. As a result, 66% of all ARB votes were cast against the extension, while only 9% supported the proposal.

雖然對 Synthetix 來說是新穎且積極的，但 ARB 社區最終認為延長期限（原定從 9 月 16 日持續到 11 月 16 日）是沒有必要的。結果，66% 的 ARB 投票反對延期，而只有 9% 的人支持該提案。

With the extension being voted down by ARB holders, the launch of the Multi-Collateral Perps feature will now be delayed. As such, Synthetix users on Arbitrum will have to wait longer to trade trustless perpetuals with the ability to use a variety of margin assets.

由於 ARB 持有者投票否決了延期，多抵押 Perps 功能的推出現在將被推遲。因此，Arbitrum 上的 Synthetix 用戶將不得不等待更長的時間才能交易無需信任的永續合約，並能夠使用各種保證金資產。

At the same time, there will now be less incentive for users to engage in trading on Arbitrum. Fewer users will be willing to trade on Arbitrum using Synthetix perpetuals without the extension, which will have a negative impact on the DeFi trading portal.

同時，用戶在 Arbitrum 上進行交易的動力將會減少。越來越少的用戶願意在沒有延期的情況下使用 Synthetix 永續合約在 Arbitrum 上進行交易，這將對 DeFi 交易入口網站產生負面影響。

Combining the above, engagement on Arbitrum would be impacted as Synthetix traders, who were aiming to receive the fee rebates from the 900,000 ARB, would withdraw.

綜合上述情況，Arbitrum 的參與度將受到影響，因為旨在從 900,000 ARB 獲得費用回扣的 Synthetix 交易者將退出。

What’s Next? Will ARB Recover From Record Lows?

接下來是什麼？ ARB 會從歷史低點回升嗎？

Moving forward, it remains to be seen how Synthetix will proceed on Arbitrum, the largest Ethereum layer-2 by trading volume. As it stands, the protocol may now have to explore other methods to incentivize traders and launch the important Multi-Collateral Perps feature.

展望未來，Synthetix 將如何在 Arbitrum 上進行仍有待觀察，Arbitrum 是交易量最大的以太坊第 2 層。就目前情況而言，該協議現在可能必須探索其他方法來激勵交易者並推出重要的多抵押 Perps 功能。

Though SNX prices might suffer, ARB might find support now that supply will be lowered. Looking at the daily chart of the ARBUSDT, sellers are in control.

儘管 SNX 價格可能會受到影響，但由於供應量將減少，ARB 可能會找到支撐。從 ARBUSDT 的日線圖來看，賣方處於掌控之中。

After peaking in January 2024, ARB has been plunging lower, sliding by as much as 80% to spot rates. The token finds itself at critical support. If bears take over, ARB will fall, printing fresh all-time lows.

在 2024 年 1 月達到高峰後，ARB 一直在走低，即期匯率下滑多達 80%。該代幣發現自己處於關鍵支撐位。如果空頭佔上風，ARB 將下跌，創下新的歷史低點。