SpringSui：Sui 网络上的新流动性质押标准

流动性质押刚刚在 Sui Network 上得到了推动。 Suilend推出了新的流动性质押标准。它减少了 $sSUI 代币与 $SUI 脱钩的机会。这为 Sui DeFi 生态系统开辟了新的选择。

Sui has been getting lots of attention recently. The $SUI token and the Sui ecosystem have been on fire. $SUI reached a new ATH during October and for the time being, $2.35 is the new standard. After the amazing rise during Suitember and October, the $SUI token was due for a good correction. However, now it’s getting attention again.

近来，隋炀帝受到了很多人的关注。 $SUI 代币和 Sui 生态系统已经火了。 $SUI 在 10 月份达到了新的 ATH，目前新标准为 2.35 美元。在 Suitember 和 10 月份的惊人上涨之后，$SUI 代币将迎来一次良好的调整。然而，现在它再次受到关注。

Suilend launched a new liquid staking standard, SpringSui, with its $sSUI token. So, we’re taking a closer look at what Suilend on the Sui Network brings to the liquid staking table.

Suilend 推出了新的流动性质押标准 SpringSui 及其 $sSUI 代币。因此，我们正在仔细研究 Sui Network 上的 Suilend 为流动性质押平台带来了什么。

What Is Liquid Staking

什么是流动质押

Regular staked assets are locked up and you can’t do anything with them except for receiving staking rewards. On the other hand, with liquid staking, once you lock your initial tokens, you receive a new token. This new token represents your initial stake. This is your LST or liquid staking token.

常规质押资产被锁定，除了获得质押奖励外，您无法使用它们做任何事情。另一方面，通过流动性质押，一旦您锁定初始代币，您就会收到一个新代币。这个新代币代表您的初始股份。这是您的 LST 或流动质押代币。

Now, you can use your LST in DeFi and earn more rewards. That’s on top of your initial staking rewards. We covered liquid staking, including its risks, in various articles. You can also check a dedicated Sui blog about liquid staking.

现在，您可以在 DeFi 中使用您的 LST 并获得更多奖励。这是您最初的质押奖励之外的。我们在多篇文章中介绍了流动性质押，包括其风险。您还可以查看有关流动性质押的专门 Sui 博客。

Learn how Sui’s unique approach to liquid staking using a unified coin standard enables greater composability, which in turn helps support a strong DeFi ecosystem and provides advantages over other chains.https://t.co/3KBaLwZC2o

了解 Sui 使用统一代币标准的独特流动质押方法如何实现更大的可组合性，从而有助于支持强大的 DeFi 生态系统并提供优于其他链的优势。https://t.co/3KBaLwZC2o

— Sui (@SuiNetwork) February 3, 2024

— 隋 (@SuiNetwork) 2024 年 2 月 3 日

What Is SpringSui by Suilend?

Suilend 的 SpringSui 是什么？

SpringSui is a new liquid staking standard on the Sui Network. The first token built with this new standard is $sSUI. The SpringSui Standard is an open-source LST (liquid staking token) standard.

SpringSui是Sui网络上的一个新的流动性质押标准。使用此新标准构建的第一个代币是 $sSUI。 SpringSui 标准是一个开源的 LST（流动性质押代币）标准。

$sSUI pegs 1:1 to the $SUI token. With this new standard, it reduces the risk of de-pegging. That’s because it offers infinite liquidity through instant unstaking. As you may know, crypto always has risks. Especially DeFi carries more risks. So, reducing the de-pegging risk is a massive step forward. It makes the $sSUI token more secure than other LSTs.

$sSUI 以 1:1 的比例与 $SUI 代币挂钩。有了这个新标准，它降低了脱钩的风险。这是因为它通过即时取消质押提供了无限的流动性。如您所知，加密货币总是存在风险。尤其是DeFi带来的风险更大。因此，降低脱钩风险是向前迈出的一大步。它使 $sSUI 令牌比其他 LST 更安全。

Suilend did this with the SIP-33. An SIP is a Sui Improvement Proposal. SIP-33 allows for instant redemption of LSTs for Sui. There’s no need to wait anymore for the end of a Sui epoch. Each Sui epoch lasts for around 24 hours. So, this results in a reduced de-pegging risk. Other LST tokens can depeg during market volatility or because of low liquidity. This can result in your liquidation.

Suilend 使用 SIP-33 做到了这一点。 SIP 是一项 Sui 改进提案。 SIP-33 允许立即兑换 Sui 的 LST。没有必要再等待隋朝的结束了。每个隋纪持续约24小时。因此，这会降低脱钩风险。其他 LST 代币可能会在市场波动期间或由于流动性低而脱钩。这可能会导致您的清算。

How does it work?

它是如何运作的？

When you stake SUI in a LST contract, you get a token that represents your stake. Before, these tokens could depeg during market volatility or low liquidity, causing liquidations.

当您在 LST 合约中质押 SUI 时，您会获得代表您质押的代币。以前，这些代币可能会在市场波动或流动性较低时脱钩，从而导致清算。

The Suilend team authored SIP-33, to fix this by allowing instant redemption of…

Suilend 团队编写了 SIP-33，通过允许即时赎回来解决这个问题......

— Suilend (@suilendprotocol) October 31, 2024

- Suilend (@suilendprotocol) 2024 年 10 月 31 日

An interesting stat is that on SUI, liquid-staked SUI assets only represent 1.32% of all staked SUI assets. However, on Solana and Ethereum, that’s respectively 7% and 41%. SpringSui is about to change that percentage. Within 24 hours, it had already seen $10 million in TVL. At the time of writing, it sits at $11.46 million TVL. That’s still within 24 hours. After 4 days, it’s up to $15 million TVL. See the picture below.

一个有趣的统计数据是，在 SUI 上，流动质押的 SUI 资产仅占所有质押 SUI 资产的 1.32%。然而，在 Solana 和以太坊上，这一比例分别为 7% 和 41%。 SpringSui 即将改变这个百分比。 24 小时内，其 TVL 已达到 1000 万美元。截至撰写本文时，TVL 为 1146 万美元。这还有24小时之内。 4 天后，TVL 达到 1500 万美元。见下图。

The current LTV (Loan to Value) is 70%. $sSUI has an initial deposit limit of 10 million $SUI. The current $11.6 million TVL represents 6 million $SUI. So, you can still liquid-stake your $SUI on SpringSui. Below, you find out how to do this.

目前的 LTV（贷款价值比）为 70%。 $sSUI 的初始存款限额为 1000 万美元 SUI。当前 1160 万美元的 TVL 相当于 600 万美元的 SUI。因此，您仍然可以在 SpringSui 上流动性质押您的 $SUI。下面，您将了解如何执行此操作。

How Does Liquid Staking with SpringSUI Work?

SpringSUI 的流动性质押如何运作？

To start, you will need some $SUI tokens. You can buy them easily on various exchanges and DEXes. Once you have $SUI in your wallet, you can visit the SpringSui app and connect your wallet.

首先，您需要一些 $SUI 代币。您可以在各种交易所和 DEX 上轻松购买它们。一旦您的钱包中有 $SUI，您就可以访问 SpringSui 应用程序并连接您的钱包。

Click on the ‘Stake’ button and deposit your $SUI tokens in the red ‘Stake’ box (marked by the red ‘A’). In the yellow box marked ‘B’, you can see the amount of $sSUI you will receive. This is a 1:1 ratio. So, if you deposited 50 $SUI, you should receive 50 $sSUI.

单击“Stake”按钮并将您的 $SUI 代币存入红色“Stake”框中（用红色“A”标记）。在标记为“B”的黄色框中，您可以看到您将收到的 $sSUI 金额。这是1:1的比例。因此，如果您存入 50 $SUI，您应该收到 50 $sSUI。

Now you can go to Suilend and deposit your $sSUI there. You start by connecting your wallet. Now you can select the $sSUI row, on top of the page (marked

现在您可以前往 Suilend 并在那里存入您的 $sSUI。首先连接您的钱包。现在您可以选择页面顶部的 $sSUI 行（标记为