Paxos，超流利资产和数百万用户：一场革命？

Paxos的USDH提案，具有PayPal集成，社区奖励和全球扩张，可以重塑超级流动性和DEFI。

Paxos, Hyperliquid Assets, and Millions of Users: A DeFi Revolution?

Paxos，超流利资产和数百万用户：一场革命？

Paxos is making waves with its USDH Proposal V2, which could supercharge Hyperliquid's global reach. With a PayPal partnership in the mix, Hyperliquid assets are poised to land in the hands of hundreds of millions of users. This isn't just an upgrade; it's a potential game-changer for decentralized finance.

Paxos正在使用其USDH提案V2引起浪潮，该提案可能会增强超流动性的全球影响力。借助PayPal合作伙伴关系，超流利资产有望掌握在数亿用户的手中。这不仅仅是升级；这是分散金融的潜在改变游戏规则。

Paxos and Hyperliquid: A Symbiotic Relationship

Paxos和超流动性：共生关系

Paxos is betting big on Hyperliquid. Their updated USDH Proposal V2 lays out a plan to scale Hyperliquid globally, focusing on a PayPal partnership, a new rewards model, and global expansion initiatives. Paxos success is now directly tied to Hyperliquid's success.

Paxos押注超流动性。他们最新的USDH提案V2规定了一项计划，以在全球范围内扩展超流动性，重点是PayPal合作伙伴关系，新的奖励模型和全球扩张计划。 Paxos的成功现在与超级流动性的成功直接相关。

PayPal Partnership: Opening the Floodgates

PayPal合作伙伴关系：打开闸门

The collaboration with PayPal is the headline grabber. Paxos' partnership promises to introduce Hyperliquid assets to millions of everyday users. PayPal's suite of products, including Checkout, Braintree, Hyperwallet, Venmo, and Xoom, will support USDH, potentially reaching over 400 million users and 35 million merchants. This could transform Hyperliquid from a niche platform into a mainstream financial tool.

与PayPal的合作是头条新闻。 Paxos的合作伙伴关系有望向数百万日常用户介绍超流动资产。 PayPal的产品套件，包括结帐，Braintree，Hyperwallet，Venmo和Xoom，将支持USDH，可能会吸引超过4亿用户和3500万商人。这可能会将超流体从利基平台转变为主流财务工具。

Building a Global Liquidity Infrastructure

建立全球流动性基础设施

Paxos isn't just thinking about payments; they're aiming to build Hyperliquid into the backbone of global decentralized finance. The proposal includes initiatives to enhance Hyperliquid's infrastructure and liquidity, turning it into more than just a trading platform.

Paxos不仅在考虑付款；他们的目的是将超流动性建立在全球分散财务的骨干上。该提案包括增强超流动性的基础设施和流动性的举措，将其变成不仅仅是交易平台。

Community-First Rewards: Aligning Incentives

社区优先奖励：一致激励措施

The new rewards model is designed to benefit the community. Paxos will only start earning revenue once USDH hits significant growth milestones, and even then, their earnings are capped at 5%. All fees will be paid in HYPE tokens, aligning Paxos' interests with the Hyperliquid community. The more Hyperliquid thrives, the more everyone benefits.

新的奖励模型旨在使社区受益。一旦USDH达到了显着的增长里程碑，Paxos才会才开始赚取收入，即使那样，他们的收入仍以5％的限制。所有费用将用于炒作令牌，使Paxos的利益与超流动性社区保持一致。蓬勃发展的繁荣越多，每个人都会受益更多。

The Battle for Stablecoin Issuance

发行Stablecoin的战斗

Hyperliquid's decision to issue its own native stablecoin, USDH, sparked a fierce competition among stablecoin issuers. Giants like Paxos, Frax Finance, and Agora vied for the opportunity to partner with Hyperliquid, driven by the potential to tap into the platform's $5.6 billion in USDC holdings. The move aims to internalize revenue, estimated at $220 million annually from Treasury bond interest, which would otherwise flow to external issuers like Circle.

Hyperliquid决定发布自己的本地Stablecoin USDH的决定激发了Stablecoin发行人的激烈竞争。 Paxos，Frax Finance和Agora等巨人争夺与Hyperliquid合作的机会，这是由于有可能利用该平台56亿美元的USDC控股的潜力。此举旨在将收入内部化，估计每年来自美国国债债券利息2.2亿美元，否则该债券将流向诸如Circle之类的外部发行人。

Compliance and Innovation

合规性和创新

Hyperliquid's requirements for USDH emphasized compliance, native minting on Hyperliquid, and a Hyperliquid-first team. Paxos' strong regulatory background and PayPal ecosystem advantages make them a strong contender. Frax Finance offered a compelling proposal to transfer 100% of Treasury bond returns to Hyperliquid users via smart contracts. This competition highlights the evolving landscape of stablecoins and their integration with DeFi platforms.

Hyperliquid对USDH的要求强调合规性，对超流动性的本地铸造以及超流动优先的团队。 Paxos强大的监管背景和贝宝生态系统的优势使他们成为有力的竞争者。 Frax Finance提出了一项令人信服的建议，可以通过智能合约将100％的国债收益转移给超流利用户。这项竞赛突出了Stablecoins的不断发展的景观及其与Defi平台的集成。

A DeFi Game Changer?

改变游戏规则的人？

The Paxos/Hyperliquid partnership, fueled by the USDH proposal, has the potential to bring DeFi to the masses. The integration with PayPal's vast user base, combined with a focus on community rewards and global expansion, could establish Hyperliquid as a key player in the decentralized finance ecosystem. The battle for stablecoin issuance reflects the growing importance of stablecoins in DeFi and the innovative approaches platforms are taking to capture value.

在USDH提案的推动下，Paxos/Hyproliquid合作伙伴关系有可能将Defi带入大众。与贝宝（PayPal）的庞大用户群集成，加上关注社区奖励和全球扩张的关注，可以将超级流动性确立为分散的金融生态系统的关键参与者。 Stablecoin发行的斗争反映了Stablecoins在DEFI中的重要性，而平台正在采取创新方法来捕获价值。

Of course, only time will tell if this all works out as planned. But one thing's for sure: the world of crypto never has a dull moment. So buckle up, buttercups, and get ready for the ride!

当然，只有时间才能确定这是否按计划进行。但是可以肯定的是：加密世界从来没有一个沉闷的时刻。因此，搭扣，毛cup，准备骑车！