贝莱德进入defi。它的标记美国财政基金Buidl现在可以用作Euler Finance的抵押品

贝莱德（Blackrock）通过允许其令牌化的财政基金Buidl迈出了第一步，将其用作Euler Lending平台上的抵押品。

BlackRock is entering DeFi. Its tokenized U.S. Treasury fund, BUIDL, can now be used as collateral on Euler Finance, a decentralized lending protocol running on Avalanche.

贝莱德正在进入defi。现在，它的代币美国财政基金Buidl现在可以用作欧拉金融（Euler Finance）的抵押品，这是一种在雪崩上运行的分散贷款方案。

BlackRock has taken its first step into DeFi by allowing its tokenized Treasury fund, BUIDL, to be used as collateral on the Euler lending platform, built on the Avalanche blockchain.

贝莱德（Blackrock）通过允许其令牌化的财政基金Buidl迈出了第一步，该基金将用作雪崩区块链的Euler Lending平台上的抵押品。

The move will enable users to lock up sBUIDL, a digital, fully redeemable version of the BUIDL fund backed by short-term U.S. Treasuries, as collateral to borrow stablecoins like USDC and AUSD. Borrowers will continue to earn yield from the underlying Treasuries while also receiving bonus AVAX, Avalanche’s native token.

此举将使用户能够锁定Sbuidl，这是Buidl基金的数字兑换版本，并以美国短期纪念品为支持，作为借用USDC和AUSD等Stablecoins的抵押品。借款人将继续从基础国库中赚取收益，同时还获得雪崩的奖金Avax。

sBUIDL, a tokenized version of BlackRock’s BUIDL fund, is fully backed by U.S. Treasuries and can be redeemed at any time, giving it real utility in DeFi without sacrificing liquidity or risk standards.

Sbuidl是BlackRock的Buidl基金的令牌版本，得到了美国国债的完全支持，可以随时兑换，在不牺牲流动性或风险标准的情况下真正实用了Defi的实用性。

The system uses Chainlink’s decentralized data feeds to ensure accurate pricing and enhance security.

该系统使用ChainLink的分散数据提要来确保准确的定价并提高安全性。

This initiative is part of BlackRock’s broader strategy to bring BUIDL to multiple blockchain networks—including Aptos, Arbitrum, Optimism, and Polygon—to expand the fund’s utility and reach in the DeFi space.

该计划是贝莱德（BlackRock）更广泛的策略的一部分，即将Buidl带到多个区块链网络（包括Aptos，intionum，oppormism and Polygon），以扩大基金的效用并在Defi空间中扩展。

Until now, BlackRock’s tokenization efforts, mainly through partnerships with firms like Securitize, were focused on issuing digital versions of traditional financial products.

到目前为止，BlackRock的令牌化工作主要是通过与Securitize这样的公司建立合作伙伴关系，专注于发行传统金融产品的数字版本。

Euler is also launching a new liquidity program to support the integration of sBUIDL with Euler. The program will provide incentives for liquidity providers to contribute to the sBUIDL market on Euler, further expanding the protocol’s capital efficiency and service to the broader Avalanche ecosystem.

Euler还启动了一项新的流动性计划，以支持Sbuidl与Euler的集成。该计划将为流动性提供商提供激励措施，为Euler的Sbuidl市场做出贡献，进一步将协议的资本效率和服务扩大到更广泛的雪崩生态系统。

The integration also highlights Euler’s comeback story. Once the target of a major exploit, the protocol has rebuilt its infrastructure and reputation, now partnering with the biggest name in asset management.

整合还重点介绍了欧拉的复出故事。一旦成为主要利用的目标，该协议就重建了其基础架构和声誉，现在与资产管理中的最大名称合作。

Euler, a decentralized finance (DeFi) lending platform, suffered a significant setback in 2023 when a smart contract vulnerability was exploited, leading to the theft of $197 million in crypto assets. The attack impacted 3,464 assets across 14 protocols and affected thousands of users.

欧拉（Euler）是一个分散的财务（DEFI）贷款平台，在2023年利用了智能合同脆弱性，导致盗窃了1.7亿美元的加密货币资产，遭受了重大挫折。这次攻击影响了14个协议中的3,464家资产，并影响了数千名用户。

After months of focused effort, the Euler team successfully completed the migration of the protocol’s core modules to a new architecture. This new architecture is more modular, lighter, and significantly more developer-friendly.

经过几个月的重点努力，Euler团队成功地完成了协议核心模块向新体系结构的迁移。这种新的架构更加模块化，更轻，并且对开发人员的友好更大。

Following the exploit and subsequent months of redevelopment and security upgrades, Euler relaunched in January 2024 on the Avalanche blockchain with a new design and a promise of enhanced security. By spring 2025, Euler had recovered momentum, boasting over $387 million in user deposits and over 26,000 unique users.

在开发和随后的几个月的重建和安全升级之后，Euler于2024年1月在雪崩区块链上重新启动，采用了新的设计和增强安全性的承诺。到2025年春季，Euler恢复了动力，拥有超过3.87亿美元的用户存款和超过26,000个唯一用户。

As major traditional finance (TradFi) players like Franklin Templeton and Fidelity International make strides in the crypto space, institutions are increasingly engaging with digital assets.

随着像富兰克林·邓普顿（Franklin Templeton）和富达国际（Fidelity International）这样的主要传统金融（Tradfi）球员在加密货币领域取得了长足的进步，机构越来越多地参与数字资产。

Franklin Templeton was an early adopter, launching the first on-chain money market fund in partnership with Boston Private in 2021. The firm is also a pioneer in tokenizing private credit and real estate assets. As of early 2025, Franklin is managing an estimated $689 million in tokenized assets.

富兰克林·邓普顿（Franklin Templeton）是早期采用者，他于2021年与波士顿私人公司合作启动了第一家链货币市场基金。该公司也是使私人信贷和房地产资产的先驱。截至2025年初，富兰克林正在管理约6.89亿美元的令牌资产。

Fidelity International is rapidly expanding its digital asset capabilities. In June 2025, the investment giant tokenized shares of its flagship money market fund on JPMorgan’s Onyx Digital Assets blockchain, marking a significant milestone.

Fidelity International正在迅速扩大其数字资产能力。 2025年6月，投资巨头将其旗舰货币市场基金的股票上的jpmorgan的Onyx Digital Assets区块链上的股票标志着，这是一个重大的里程碑。

JPMorgan’s Onyx platform is a critical enabler for institutions venturing into Web3. The bank’s engineers developed Onyx to tokenize and move value seamlessly across different blockchains and ledgers.

摩根大通的Onyx平台是进入Web3的机构的关键推动力。该银行的工程师开发了Onyx，以使其在不同的区块链和分类帐中无缝地传递价值。

In May 2025, Harvest, a DeFi protocol, announced the integration of its yield aggregator with Euler. This partnership aims to enhance capital efficiency and liquidity in the Avalanche ecosystem. Harvest is known for its role in aggregating and maximizing yield for liquidity providers.

2025年5月，一种Defi协议Harvest宣布将其收益汇总器与Euler整合在一起。该伙伴关系旨在提高雪崩生态系统的资本效率和流动性。 Harvest以其在汇总和最大化流动性提供者收益率中的作用而闻名。