Polkadot的Pusd：本地稳定或冒险的赌注？

Polkadot认为Pusd是一种由点支持的Stablecoin，引发了关于权力下放与风险的争论。这是自治的关键还是过去失败的重复？

Polkadot's pUSD: A Native Stablecoin or a Risky Bet?

Polkadot的Pusd：本地稳定或冒险的赌注？

The Polkadot community is buzzing about a proposal to launch pUSD, a native stablecoin backed entirely by DOT tokens. The goal? To reduce reliance on centralized stablecoins like USDT and USDC and keep value within the Polkadot ecosystem. But is it a game-changer or a gamble?

Polkadot社区正在嗡嗡作响，以推出PUSD的提议，PUSD是一个完全由DOT令牌支持的本地Stablecoin。目标？为了减少对USDT和USDC等集中式稳定的依赖，并将价值保持在Polkadot生态系统中。但这是改变游戏规则的人还是赌博？

The Push for pUSD

PUSD的推动

Bryan Chen, co-founder of Acala, introduced the idea, suggesting pUSD be launched on Polkadot’s Asset Hub using the Honzon protocol. Chen argues a native stablecoin is vital to prevent Polkadot from losing liquidity to chains that already have one. Think of it as Polkadot flexing its DeFi muscles.

Acala的联合创始人Bryan Chen提出了这个想法，建议使用Honzon协议在Polkadot的资产中心上启动PUSD。陈认为，一个本地稳定的稳态对于防止波尔卡多失去流动性到已经拥有的链条至关重要。可以将其视为Polkadot弯曲其除肌的肌肉。

Acala's Shadow

阿卡拉的影子

However, the ghost of Acala's past haunts the present. Acala’s previous stablecoin project, aUSD, collapsed in 2022 after an exploit. This has led to skepticism, with some community members wary of entrusting Acala with another stablecoin. Trust issues, anyone?

但是，阿卡拉（Acala）过去的幽灵困扰着现在。阿卡拉（Acala）以前的Stablecoin项目AUSD在剥削后于2022年倒塌。这引起了怀疑，一些社区成员对Acala与另一个Stablecoin保持警惕。信任问题，有人吗？

Gavin Wood's Vision

加文·伍德的视野

Polkadot founder Gavin Wood envisions a broader strategy, including both fully collateralized stablecoins like pUSD and more flexible “stable-ish” assets. He even suggested paying validators in pUSD to stabilize their income and attract institutional players. It’s like giving Polkadot a financial facelift.

Polkadot创始人Gavin Wood设想了更广泛的策略，包括PUSD等完全抵押的Stablecoins和更灵活的“稳定”资产。他甚至建议在PUSD中支付验证者，以稳定收入并吸引机构参与者。这就像给Polkadot进行财务改头换面。

The Risks and Rewards

风险和奖励

pUSD aims to provide Polkadot with greater financial autonomy, but the DOT-only choice highlights some critical issues. Risk concentration, governance clarity, technical framework, limited initial liquidity, and reliance on oracles are all potential pitfalls. Diversifying collateral, as some analysts suggest, could reduce systemic fragility. Think of it as not putting all your eggs in one DOT-backed basket.

PUSD旨在为Polkadot提供更大的财务自主权，但仅点选择的选择突出了一些关键问题。风险集中，治理清晰度，技术框架，有限的初始流动性和对甲壳的依赖都是潜在的陷阱。正如一些分析家所建议的那样，多样化的抵押品可以降低全身性脆弱性。可以认为这不是将所有鸡蛋放在一个圆点支持的篮子里。

Community Concerns

社区关注

The community is focused on the role of OpenGov in setting parameters, corrective actions, and responsibilities. Transparency is key for user trust. Public audits, specifications on oracles, and on-chain monitoring plans are essential. It’s like making sure everyone knows the rules of the game.

社区专注于OpenGov在设定参数，纠正措施和职责中的作用。透明度是用户信任的关键。公共审计，甲壳上的规格以及链上监控计划至关重要。这就像确保每个人都知道游戏规则。

The Road Ahead

前面的道路

As the voting continues, the future of pUSD hangs in the balance. Will Polkadot embrace this native stablecoin and strengthen its position in the DeFi world? Or will the risks outweigh the rewards? Only time will tell.

随着投票的继续，PUSD的未来悬而未决。 Polkadot会拥抱这种本地的Stablecoin并加强其在Defi世界中的地位吗？还是风险大于奖励？只有时间会证明。

So, Polkadot's trying to level up its DeFi game. Whether pUSD will be a critical hit or a face-plant remains to be seen. Stay tuned, folks, because this crypto drama is just getting started!

因此，Polkadot试图升级其Defi游戏。 PUSD是否将是一次关键的打击还是面包植物仍有待观察。伙计们，请继续关注，因为这部加密戏剧才刚刚开始！