DWF 实验室计划推出合成稳定币

著名风险投资家和做市商 DWF Labs 宣布计划推出自己的合成抵押稳定币，并透露设计已经完成。

Venture capitalist and market maker DWF Labs has announced plans to launch its own synthetic collateralized stablecoin, revealing that the design is already completed.

风险投资家和做市商 DWF Labs 宣布计划推出自己的合成抵押稳定币，并透露设计已经完成。

Stablecoins continue to expand in value, with a current market capitalization surpassing $170 billion. Tether’s USDT remains the dominant player in this sector.

稳定币的价值持续扩大，目前市值超过 1700 亿美元。 Tether 的 USDT 仍然是该领域的主导者。

DWF Labs Plans Synthetic Stablecoin Launch

DWF 实验室计划推出合成稳定币

In a Thursday post, DWF Labs managing partner Andrei Grachev announced the finalization of the firm’s synthetic collateralized stablecoin design. Grachev highlighted its ability to generate significant liquidity and support multiple collaterals with different annual percentage returns.

在周四的一篇文章中，DWF Labs 管理合伙人 Andrei Grachev 宣布该公司的合成抵押稳定币设计最终确定。格拉乔夫强调了其产生大量流动性并支持具有不同年回报率的多种抵押品的能力。

The synthetic stablecoin from DWF will be backed by several assets, including USDT, USDC, DAI, and USDe stablecoins, as well as Bitcoin, Ethereum, and select blue-chip tokens. This approach ensures liquidity and risk management, according to Grachev.

DWF 的合成稳定币将得到多种资产的支持，包括 USDT、USDC、DAI 和 USDe 稳定币，以及比特币、以太坊和精选的蓝筹代币。格拉乔夫表示，这种方法可以确保流动性和风险管理。

“Following our plans to be a global Web3 financial institution, I am happy to announce that DWF labs is working on CeDeFi [centralized and decentralized finance] synthetic stable coin, that will allow users to receive nice yield, without losing any flexibility of using their assets,” Grachev said.

“按照我们成为全球 Web3 金融机构的计划，我很高兴地宣布 DWF 实验室正在开发 CeDeFi（中心化和去中心化金融）合成稳定币，这将使用户获得可观的收益，同时又不会失去使用其资金的任何灵活性。资产，”格拉乔夫说。

Read more: What Is a Stablecoin? A Beginner’s Guide

阅读更多：什么是稳定币？初学者指南

DWF Labs made headway in the crypto market in 2023 as a crypto VC. Boasting a portfolio of over 700 companies, it funds Web3 startups, sponsors hackathons, and supplies market-making for crypto projects after their token generation events. The firm also provides over-the-counter (OTC) and high-volume trading services.

DWF Labs 作为加密货币风险投资公司，于 2023 年在加密货币市场取得了进展。它拥有超过 700 家公司的投资组合，为 Web3 初创公司提供资金，赞助黑客马拉松，并在代币生成活动结束后为加密项目提供做市服务。该公司还提供场外交易（OTC）和大批量交易服务。

However, some have raised concerns about its investment practices, citing issues with OTC deals instead of traditional VC fundraising, limited transparency in market-making, and accusations of artificially inflating token prices for clients.

然而，一些人对其投资实践表示担忧，理由是场外交易而不是传统的风险投资融资存在问题、做市透明度有限，以及人为抬高客户代币价格的指控。

Despite previous criticisms, DWF Labs’ stablecoin plans mark a major step forward for the company, as it enters the fast-growing stablecoin sector.

尽管之前受到批评，DWF Labs 的稳定币计划标志着该公司向前迈出了重要一步，因为它进入了快速增长的稳定币领域。

DWF Follows Ethena’s Footsteps

DWF 追随 Ethena 的脚步

With its synthetic stablecoin, DWF Labs will follow a path similar to decentralized finance (DeFi) platform Ethena. Ethena’s USDe, dubbed a synthetic dollar, operates like an algorithmic stablecoin and offers a 27% annual percentage yield (APY) to holders, primarily through shorting Ethereum futures. However, Ethena’s USDe has also faced criticism regarding risk management.

凭借其合成稳定币，DWF Labs 将遵循类似于去中心化金融（DeFi）平台 Ethena 的道路。 Ethena 的 USDe 被称为合成美元，其运作方式类似于算法稳定币，主要通过做空以太坊期货为持有者提供 27% 的年收益率 (APY)。然而，Ethena 的 USDe 也面临风险管理方面的批评。

Meanwhile, the stablecoin market continues to expand. As of Sept. 5, the total market capitalization of stablecoins exceeds $170 billion, with USDT accounting for at least 70% of the market share.

与此同时，稳定币市场继续扩大。截至9月5日，稳定币总市值超过1700亿美元，其中USDT占据至少70%的市场份额。

Read more: Stablecoin Regulations Around the World

阅读更多：世界各地的稳定币法规

Notably, Ethena’s USDe has quickly risen to a top-five position with a market capitalization nearing $2.7 billion. If DWF Labs’ synthetic stablecoin gains similar traction, it could follow suit.

值得注意的是，Ethena 旗下的 USDe 已迅速升至前五名，市值接近 27 亿美元。如果 DWF Labs 的合成稳定币获得类似的吸引力，它可能会效仿。