MakerDAO 考虑向 Ethena 合成美元市场注入 6 亿美元 DAI

领先的 DeFi 协议 Maker (MKR) 正在探索将高达 6 亿美元的 DAI 稳定币分配给 Ethena 的合成美元 USDe 市场。此举旨在为 Ethena 的资产提供流动性和敞口，但引发了人们对与分配相关的潜在风险的担忧。

MakerDAO Contemplates Mammoth $600 Million DAI Allocation to Ethena's Synthetic Dollar Market

MakerDAO 考虑向 Ethena 的合成美元市场分配 6 亿美元的 DAI

In a bold move to expand its DeFi horizons, the decentralized finance (DeFi) pioneer MakerDAO is exploring a potential allocation of up to $600 million worth of its stablecoin DAI to markets for Ethena's synthetic dollar, USDe. This proposal, if approved, would represent a significant investment in Ethena's crypto-native solution for money and further bolster MakerDAO's liquidity ecosystem.

为了扩大其 DeFi 视野，去中心化金融 (DeFi) 先驱 MakerDAO 正在探索将价值高达 6 亿美元的稳定币 DAI 分配给 Ethena 合成美元 USDe 的市场。该提案如果获得批准，将代表对 Ethena 的加密原生货币解决方案的重大投资，并进一步支持 MakerDAO 的流动性生态系统。

Last week, MakerDAO took a measured step by deploying 100 million DAI to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue, a leading lending protocol on Ethereum. This strategic move provided "overcollateralized scalable liquidity for users seeking to increase their exposure to Ethena's assets," as stated by MakerDAO.

上周，MakerDAO 采取了谨慎的举措，在以太坊上领先的借贷协议 Morpho Blue 上向 Spark 的 sUSDe/DAI 和 USDe/DAI 市场部署了 1 亿枚 DAI。 MakerDAO 表示，这一战略举措“为寻求增加 Ethena 资产敞口的用户提供了超额抵押的可扩展流动性”。

Building on this initial success, a MakerDAO forum contributor has proposed an additional allocation of 500 million DAI into Morpho's lending infrastructure in the staked USDe and USDe/DAI markets. Authored by BA Labs, a respected member of MakerDAO's Stability Scope Advisory Council, the proposal envisages a total allocation that could reach 1 billion DAI.

基于这一初步成功，MakerDAO 论坛贡献者提议额外分配 5 亿 DAI 到 Morpho 在抵押 USDe 和 USDe/DAI 市场的借贷基础设施中。该提案由 MakerDAO 稳定性范围咨询委员会受人尊敬的成员 BA Labs 撰写，预计分配总量可能达到 10 亿 DAI。

This proposal has sparked mixed reactions within the crypto community. While some members view it as a calculated risk with the potential for substantial rewards, others have expressed concerns about the potential risks associated with such a large allocation. Marc Zeller, founder of the Aave Chan Initiative and an Aave (AAVE) DAO delegate, labeled the proposal as "the definition of reckless."

这一提议在加密社区内引发了不同的反应。虽然一些成员认为这是经过计算的风险，有可能带来丰厚的回报，但其他成员则对如此大的分配所带来的潜在风险表示担忧。 Aave Chan Initiative 的创始人兼 Aave (AAVE) DAO 代表 Marc Zeller 将该提案称为“鲁莽的定义”。

Ethena's mission is to establish a crypto-native solution for money that is independent of traditional banking systems. The protocol offers USDe, a synthetic dollar that tracks the value of the US dollar. Additionally, Ethena provides a dollar-denominated savings instrument known as "the Internet Bond." Last week, Binance Launchpool extended its support to Ethena's native asset, ENA.

Ethena 的使命是建立一个独立于传统银行系统的加密货币原生解决方案。该协议提供 USDe，一种追踪美元价值的合成美元。此外，Ethena 还提供一种以美元计价的储蓄工具，称为“互联网债券”。上周，Binance Launchpool 扩大了对 Ethena 原生资产 ENA 的支持。

Ethena has garnered significant industry recognition and support, having raised $14 million in a seed extension round earlier this year. Notable investors in this funding round included BitMEX founder Arthur Hayes, investment giant Franklin Templeton, digital asset manager Galaxy Digital, and Binance Labs.

Ethena 获得了业界的广泛认可和支持，在今年早些时候的种子轮融资中筹集了 1400 万美元。此轮融资的知名投资者包括 BitMEX 创始人 Arthur Hayes、投资巨头 Franklin Templeton、数字资产管理公司 Galaxy Digital 和 Binance Labs。

As MakerDAO deliberates on the proposed allocation, the DeFi industry awaits a decision that could have far-reaching implications for the ecosystem. The allocation of $600 million DAI to Ethena's USDe market would represent a major investment and a resounding vote of confidence in the project's vision. However, it also underscores the importance of careful consideration and risk management in the rapidly evolving world of DeFi.

在 MakerDAO 审议拟议的分配方案时，DeFi 行业正在等待可能对生态系统产生深远影响的决定。向 Ethena 的 USDe 市场分配 6 亿美元的 DAI 将是一项重大投资，也是对该项目愿景投下的充分信任票。然而，它也强调了在快速发展的 DeFi 世界中仔细考虑和风险管理的重要性。