USDH，超流動和無許可的資產：Defi的新時代？

探索USDH作為Hyperliquid的第一個無許可的報價資產的影響，以及對分散財​​務的更廣泛含義。

USDH, Hyperliquid, and Permissionless Assets: A New Era for DeFi?

USDH，超流動和無許可的資產：Defi的新時代？

The DeFi landscape is constantly evolving, and the recent developments surrounding USDH and Hyperliquid's permissionless asset feature are shaking things up. This blog post dives into what these changes mean for traders and the future of decentralized finance, all while keeping it real, New York style.

Defi景觀不斷發展，圍繞USDH和Hyproliquid的無許可資產功能的最新發展正在震撼。這篇博客文章深入了解這些變化對交易者和分散財務的未來意味著什麼，同時使其保持真實，紐約風格。

Hyperliquid's Bold Move: Permissionless Assets

超流動的大膽舉動：無許可的資產

Hyperliquid, a decentralized trading platform, just dropped a bombshell: permissionless spot quote assets. Basically, any asset can now be used as a quote asset, letting users and projects create new trading pairs through Dutch auctions. This is a big deal because it adds flexibility and decentralization to the platform. It's like opening up the doors to a whole new world of trading possibilities.

超級流動的交易平台Hyproliquid剛剛放棄了一個重磅炸彈：無許可的報價資產。基本上，任何資產現在都可以用作報價資產，讓用戶和項目通過荷蘭拍賣來創建新的交易對。這很重要，因為它為平台增加了靈活性和分散性。這就像打開一個全新的交易可能性世界的大門一樣。

USDH Takes the Stage

USDH上台

Enter USDH, the first stablecoin to achieve permissionless quote status on Hyperliquid. Native Markets deployed USDH, and the HYPE/USDH trading pair is now live. Native Markets even locked up 200,000 HYPE tokens for three years to get the ball rolling, showing they're serious about this whole thing. Hyperliquid is hinting that more trading pairs are coming, so keep your eyes peeled.

輸入USDH，這是第一個在Hyperliquid上獲得無權報價狀態的Stablecoin。本地市場部署了USDH，而HYPE/USDH交易對現已發​​行。當地市場甚至將200,000個炒作令牌鎖定了三年，以使球滾動，這表明他們對整個事情很認真。 Hyproliquid暗示即將到來更多的交易對，因此請保持眼睛剝落。

How It Works

它如何工作

So, how does this permissionless thing actually work? Well, if you're deploying stable assets, you can enable your tokens to act as quote assets, as long as you meet Hyperliquid’s on-chain requirements. Once you've got that quote status, you can use it in the first spot pair of any HIP-1 deployment. New trading pairs can also be set up through permissionless Dutch auctions, which are separate from HIP-1 token auctions. This keeps things organized and prevents any disruption to current token distributions.

那麼，這種無許可的事情實際上是如何工作的呢？好吧，如果您要部署穩定的資產，只要您符合Hyperliquid的鏈上要求，就可以使令牌能夠充當報價資產。獲得報價狀態後，您可以在任何HIP-1部署的第一名對中使用它。新的交易對也可以通過無許可的荷蘭拍賣來建立，這些拍賣與HIP-1代幣拍賣分開。這樣可以使事情井井有條，並防止對當前令牌分佈的任何中斷。

Why This Matters

為什麼這很重要

The permissionless system hands more control to users, allowing them to experiment with different asset combinations and create new trading opportunities. The Dutch auction mechanism ensures that new pairs are deployed transparently and fairly. It's all about giving traders more freedom and control.

無許可的系統將更多的控制權提供給用戶，從而使他們可以嘗試不同的資產組合併創造新的交易機會。荷蘭拍賣機制可確保新對透明，公平地部署。這全都是為了給貿易商提供更多的自由和控制。

The Competition Heats Up

比賽升溫

Of course, no good story is without some drama. Hyperliquid isn't the only player in town. Aster, a CZ-endorsed DEX, is also making waves, even surpassing Hyperliquid in 24-hour revenue at one point. Plus, Cathie Wood from ARK Invest even mentioned Hyperliquid as a project to watch, comparing it to Solana's early days. That's some serious buzz!

當然，沒有戲劇的好故事。雜種不是鎮上唯一的球員。 CZ認可的DEX Aster也在引起浪潮，甚至在某一時刻超過了24小時的超級流動性。另外，ARK Invest的Cathie Wood甚至提到Hyproliquid是一個觀看的項目，將其與Solana的早期進行了比較。那是一些嚴重的嗡嗡聲！

My Two Cents

我的兩分錢

Personally, I think Hyperliquid's move towards permissionless assets is a smart one. It's all about giving users more control and fostering innovation. Sure, there's competition, but that just makes things more exciting. The fact that USDH is backed by a mix of cash and short-term U.S. Treasuries adds a layer of stability that's always welcome in the wild world of DeFi. Also, Native Markets pre-minted $15 million USDH through HyperEVM, collaborating with the Assistance Fund to support initial liquidity, solidifying the backing of USDH.

就我個人而言，我認為Hyplliquid朝著無許可的資產邁進了一項聰明的資產。這一切都是為了為用戶提供更多的控制和促進創新。當然，有競爭，但這只是使事情變得更加令人興奮。 USDH得到現金和短期美國國債的支持，這一事實增加了一層穩定性，在Defi的野生世界中始終受到歡迎。此外，本地市場通過HypereVM預先付出了1500萬美元，與援助基金合作，以支持初始流動性，鞏固了USDH的支持。

Wrapping It Up

包裝

So, what's the takeaway? Hyperliquid's embracing decentralization and innovation. With USDH leading the charge as the first permissionless quote asset, we're likely to see some cool new trading opportunities popping up. The DeFi space is constantly changing, and Hyperliquid is positioning itself to be a major player. Keep an eye on this one, folks. It's gonna be a wild ride!

那麼，收穫是什麼？超流動的擁抱權力下放和創新。由於USDH將指控作為第一個無許可的報價資產，我們很可能會看到一些很酷的新交易機會彈出。 Defi空間正在不斷變化，而超流動液則將自己定位為主要參與者。伙計們，請密切注意這一點。這將是一個瘋狂的旅程！