比特币原生 DeFi 将重塑比特币作为多功能资产

比特币原生的去中心化金融（DeFi），或称 BTCFi，旨在增强比特币的多功能性和收益生成能力。随着像 Stacks 这样的比特币 L2 网络能够降低交易成本和创建智能合约，BTCFi 正在获得越来越多的关注。 Stacks 的 Andre Serrano 预测，由于比特币 DeFi 用例的巨大增长潜力，比特币 L2 的市场可能会超过以太坊 L2 的市场。

Bitcoin-Native DeFi Poised to Transform Bitcoin into a Multifaceted Asset

比特币原生 DeFi 准备将比特币转变为多面资产

Amidst the impending Bitcoin halving, the emergence of Bitcoin decentralized finance (DeFi) promises to unlock unprecedented potential for the world's first blockchain network.

在比特币减半即将到来之际，比特币去中心化金融（DeFi）的出现有望为世界上第一个区块链网络释放前所未有的潜力。

Andre Serrano, product and partnership manager at Stacks, envisions a future where Bitcoin, currently valued at $1.2 trillion, transcends its role as a store of value to become a dynamic asset with income-generating capabilities. "The opportunity for protocols and layer-2s to make Bitcoin a productive asset is enormous," he told Cointelegraph in an exclusive interview.

Stacks 产品和合作伙伴经理安德烈·塞拉诺 (Andre Serrano) 设想，未来比特币（目前价值 1.2 万亿美元）将超越其作为价值储存手段的角色，成为具有创收能力的动态资产。 “协议和第 2 层使比特币成为生产性资产的机会是巨大的，”他在一次独家采访中告诉 Cointelegraph。

BTCFi, a nascent development, aims to bring decentralized financial services to the Bitcoin blockchain. Its adoption has been rapid, with Serrano predicting that the market for Bitcoin layer-2 networks could surpass that of Ethereum layer-2s in the coming years.

BTCFi 是一项新兴开发项目，旨在将去中心化金融服务引入比特币区块链。它的采用速度很快，Serrano 预测比特币第 2 层网络的市场可能在未来几年超过以太坊第 2 层网络。

"Layer-2s expand the design possibilities for what's feasible with Bitcoin," he explained. "Over time, I expect the market for Bitcoin L2s to rival and even exceed that of Ethereum L2s."

“Layer-2 扩展了比特币可行的设计可能性，”他解释道。 “随着时间的推移，我预计比特币 L2 的市场将与以太坊 L2 竞争甚至超过。”

Serrano's optimism is bolstered by the strong investor demand for BTCFi. MerlinSwap, a decentralized exchange, raised an impressive 6,599 Bitcoin, worth approximately $480 million, through its initial DEX offering (IDO) in April. The IDO attracted over 52,000 participants.

投资者对 BTCFi 的强劲需求增强了 Serrano 的乐观态度。 MerlinSwap 是一家去中心化交易所，通过 4 月份的首次 DEX 发行（IDO）筹集了令人印象深刻的 6,599 比特币，价值约 4.8 亿美元。 IDO 吸引了超过 52,000 名参与者。

Layer-2 networks play a pivotal role in BTCFi by facilitating low-cost transactions and enabling novel use cases on the Bitcoin blockchain. Stacks, for instance, allows for the creation of smart contracts on the Bitcoin network.

第 2 层网络通过促进低成本交易并在比特币区块链上实现新颖的用例，在 BTCFi 中发挥着关键作用。例如，Stacks 允许在比特币网络上创建智能合约。

Serrano emphasized the critical importance of L2s for Bitcoin, arguing that they are more vital than for Ethereum, which already possesses native smart contract functionality. L2s are indispensable for scaling the Bitcoin network and overcoming its current transaction limitations.

Serrano 强调了 L2 对比特币的重要性，认为它们比以太坊更重要，后者已经拥有原生智能合约功能。 L2 对于扩展比特币网络和克服当前的交易限制是不可或缺的。

He identified "low-hanging fruits" for enhancing Bitcoin's productivity, including the introduction of yield-generating capabilities and lending protocols.

他指出了提高比特币生产力的“唾手可得的成果”，包括引入产生收益的能力和借贷协议。

Other market players share Serrano's enthusiasm for Bitcoin-native DeFi. Nash Lee, co-founder of MerlinSwap, believes that at its current adoption rate, BTCFi could match the innovation of Ethereum DeFi.

其他市场参与者与 Serrano 一样对比特币原生 DeFi 充满热情。 MerlinSwap 联合创始人 Nash Lee 认为，以目前的采用率，BTCFi 可以与以太坊 DeFi 的创新相媲美。

"The market demands expandable platforms that can accommodate growing volumes and expectations," Lee told Cointelegraph. "DeFi is uniquely positioned to fulfill this need, providing a robust ecosystem for Bitcoin's evolving applications. This dynamic paves the way for Bitcoin DeFi to potentially equal or even surpass the innovation witnessed in Ethereum's DeFi ecosystem."

“市场需要可扩展的平台，以适应不断增长的数量和期望，”Lee 告诉 Cointelegraph。 “DeFi 在满足这一需求方面具有独特的优势，为比特币不断发展的应用程序提供了一个强大的生态系统。这种动态为比特币 DeFi 可能等于甚至超越以太坊 DeFi 生态系统所见证的创新铺平了道路。”

The upcoming Bitcoin halving, a reduction in the block reward for miners, has the potential to further catalyze the growth of Bitcoin-native DeFi. As the supply of new Bitcoins dwindles, investors may seek alternative ways to generate returns on their assets.

即将到来的比特币减半，即矿工区块奖励的减少，有可能进一步促进比特币原生 DeFi 的增长。随着新比特币供应量的减少，投资者可能会寻求其他方式来为其资产带来回报。

In conclusion, Bitcoin decentralized finance is poised to transform Bitcoin into a more versatile asset with yield-generating capabilities, expanded use cases, and enhanced scalability. The upcoming Bitcoin halving could accelerate this transformation, making BTCFi a compelling investment opportunity for savvy investors.

总之，比特币去中心化金融有望将比特币转变为一种更通用的资产，具有产生收益的能力、扩大的用例和增强的可扩展性。即将到来的比特币减半可能会加速这一转变，使 BTCFi 对于精明的投资者来说成为一个引人注目的投资机会。