加密资产经理正在大大增加链股权，利用Defi作为后端。机构涵盖了稳定的股份收益率，加密借贷和增强用户体验的Defi。

Crypto-Native Asset Managers: Onchain Holdings Surge as DeFi Becomes the Invisible Back-End

加密本地资产管理人员：随着defi成为无形的后端，OnChain Holtings Sughing

The crypto landscape is witnessing a significant shift: crypto-native asset managers are expanding their onchain holdings. Institutions are increasingly leveraging decentralized finance (DeFi) protocols as a sophisticated, behind-the-scenes infrastructure.

加密景观正在见证一个重大的转变：加密本地资产经理正在扩大其OnChain Holdings。机构越来越多地利用分散的融资（DEFI）方案作为一个复杂的幕后基础架构。

The Rise of Crypto-Native Asset Managers

加密本地资产经理的兴起

A new breed of 'crypto-native' asset managers is emerging, actively deploying capital across diverse opportunities within the DeFi ecosystem. Major firms have locked substantial amounts in platforms like Morpho Protocol, highlighting a growing confidence in DeFi's potential.

一种新的“加密本地”资产管理者正在兴起，在Defi生态系统中积极部署资本。大型公司已将大量资金锁定在Morpho协议等平台中，强调了对Defi潜力的日益信心。

DeFi: The Invisible Engine for Institutions

defi：机构的无形引擎

Institutions are now viewing DeFi not just as a disruptive force, but as a complementary and configurable financial layer. Financial tech firms, crypto wallets, and exchanges are integrating DeFi tools as an 'invisible' back-end infrastructure. This abstraction of DeFi's complexity allows these platforms to embed yield directly into their user experience, boosting retention, unlocking new monetization avenues, and improving capital efficiency.

现在，机构不仅将Defi视为一种破坏性力量，还视为互补和可配置的财务层。金融科技公司，加密钱包和交易所正在将Defi工具纳入“隐形”后端基础架构。 DEFI复杂性的这种抽象使这些平台可以将产量直接嵌入其用户体验中，增强保留率，解锁新的货币化途径并提高资本效率。

Stablecoins, Borrowing, and Yield: The Institutional DeFi Trifecta

Stablecoins，借用和产量：机构Defi Trifecta

Institutions primarily utilize DeFi in three key ways: offering stablecoin yield, providing crypto yield, and facilitating crypto borrowing. Centralized platforms are offering competitive stablecoin yields on assets like USDC and PYUSD. On the borrowing and yield side, services like Coinbase's crypto loan service, powered by Morpho Protocol, exemplify the 'DeFi Mullet' – fintech front-end, DeFi back-end.

机构主要以三种关键方式利用Defi：提供稳定的产量，提供加密货币产量并促进加密借贷。集中式平台为USDC和Pyusd等资产提供竞争性的稳定收益率。在借贷和收益方面，由Morpho协议提供支持的Coinbase的加密贷款服务（Coinbase）的加密贷款服务（Coinbase's Crypto Loan Service）示例了“ Defi Mullet” - Fintech前端，Defi后端。

User Experience Matters

用户体验很重要

User experience is a critical factor driving DeFi adoption and capital retention. Platforms that prioritize reliability, predictability, and a seamless user experience are more likely to retain users. Simplifying interactions, reducing friction through innovations like gasless transactions, and building trust through transparency are essential for long-term success.

用户体验是推动Fefi采用和资本保留率的关键因素。优先考虑可靠性，可预测性和无缝用户体验的平台更有可能保留用户。简化互动，通过无气交易（例如无气交易）来减少摩擦以及通过透明度建立信任对于长期成功至关重要。

Final Thoughts

最后的想法

The confluence of regulatory clarity, maturing DeFi infrastructure, and a focus on user experience is paving the way for greater institutional participation in the crypto space. As crypto-native asset managers continue to innovate and institutions embrace DeFi as a powerful back-end, the future of finance is looking increasingly decentralized. It's an exciting time to be building in this space, so buckle up and enjoy the ride!

监管清晰度，成熟的Defi基础架构以及对用户体验的关注的汇合处是为更大的机构参与加密空间铺平道路。随着加密本地资产经理继续进行创新，机构将DEFI视为强大的后端，财务的未来看上去越来越分散。这是在这个空间建造的激动人心的时刻，所以搭扣并享受旅程！