DYDX ETP：机构投资者获得了身体支持的Defi暴露

21Shares推出了一个身体支持的DYDX ETP，为机构投资者提供了通往DYDX链和不断增长的Defi衍生物世界的监管门户。

The dYdX ETP is making waves. It's a physically backed product giving institutional investors a regulated and trustworthy way to access the dYdX Chain. Think of it as a bridge connecting traditional finance to the exciting, and sometimes intimidating, world of DeFi derivatives. Let's dive in!

DYDX ETP正在引起波浪。这是一种具有身体支持的产品，为机构投资者提供了一种访问DYDX链的受监管和值得信赖的方式。将其视为将传统财务与令人兴奋的，有时令人生畏的Defi衍生物世界联系起来的桥梁。让我们潜入！

dYdX ETP: A New On-Ramp for Institutions

DYDX ETP：机构的新坡道

21Shares launched the dYdX ETP, ticker symbol DYDX, on Euronext Paris and Amsterdam. The big deal? It's physically backed, meaning it actually holds the DYDX token. This is huge for institutional investors who need that extra layer of security and compliance. The dYdX Treasury subDAO is even supporting the ETP via kpk, a DeFi treasury manager. This arrangement brings on-chain governance into traditional markets.

21Shares在欧洲版本巴黎和阿姆斯特丹推出了DYDX ETP，股票符号DYDX。大事？它是身体后备的，这意味着它实际上容纳了dydx令牌。对于需要额外的安全性和合规性层的机构投资者来说，这是巨大的。 DYDX财政部的Subdao甚至通过Defi财政经理KPK支持ETP。这种安排将链式治理带入传统市场。

What's the Big Deal with dYdX?

DYDX有什么大不了的？

dYdX boasts over $1.4 trillion in cumulative trading volume and lists over 230 perpetual futures markets. This ETP provides a regulated entry point into this growing market. Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized that this launch marks a "milestone moment in DeFi adoption," allowing institutions to access dYdX using familiar infrastructure.

DYDX拥有超过1.4万亿美元的累计交易量，并列出了230多个永久期货市场。该ETP为这个不断增长的市场提供了一个受管制的入口点。 21Shares的金融产品开发负责人Mandy Chiu强调，此发射标志着“采用Defi的里程碑时刻”，允许机构使用熟悉的基础架构访问DYDX。

More Than Just an ETP: Staking, Telegram Trading, and More

不仅仅是ETP：Staking，Telegram Trading等等

21Shares isn't stopping there. DYDX staking, with an auto-compounding feature to direct rewards into token buybacks, is on the horizon. Plus, dYdX itself is evolving with Telegram trading (to simplify order entry), a Solana spot market, and even perpetual futures tied to real-world assets like equities. Fee discounts for DYDX stakers and broader stablecoin/fiat deposits are also in the works.

21shares并没有停止那里。 DYDX Staking带有自动化合物功能，可以将奖励直接奖励进入代币回购。另外，DYDX本身正在随着电报交易（简化订单输入），索拉纳（Solana）现货市场，甚至与现实世界中的股票等现实资产相关的永久期货的发展发展。 DYDX Stakers的费用折扣和更广泛的Stablecoin/Fiat存款也在进行中。

The Bigger Picture: DeFi Derivatives Go Mainstream

更大的局面：Defi衍生物成为主流

The dYdX ETP is part of a broader trend of bringing DeFi derivatives into regulated venues. We're seeing similar moves from Kraken, Cboe, and CME. Cboe, for example, plans to launch continuous futures for Bitcoin and Ether, targeting institutions seeking listed crypto derivatives without direct custody. These developments show that institutional interest in crypto is growing. Look at ETH, for example, institutions keep buying in, even as it corrects. As Lookonchain posted, wallets withdrew millions from Kraken!

DYDX ETP是将Defi衍生物带入受调节场所的更广泛趋势的一部分。我们看到了Kraken，Cboe和CME的类似动作。例如，CBOE计划为比特币和以太的连续期货推出，目标是寻求无直接托管的加密衍生品的机构。这些事态发展表明，对加密货币的机构兴趣正在增长。例如，看看ETH，即使是纠正的，机构都会不断购买。正如Lookonchain发布的那样，钱包从Kraken中撤出了数百万美元！

Final Thoughts: DeFi is Maturing

最终想法：Defi正在成熟

From Bitcoin futures in 2017 to today's DeFi derivatives access, the crypto landscape has matured. The 21Shares dYdX ETP is a prime example. It's wrapping a DeFi ecosystem in a listed format, aligning on-chain activity with traditional exchange-based access. What was once a wild west is becoming a bit more civilized, and that's good news for everyone.

从2017年的比特币期货到当今的Defi衍生品访问，加密货币景观已经成熟。 21shares dydx ETP是一个很好的例子。它正在以列出的格式包装Defi生态系统，将链上的活动与传统的基于基于交换的访问保持一致。曾经是一个野外的西部的东西变得更加文明，这对每个人来说都是个好消息。