USDH，超流动和无许可的资产：Defi的新时代？

探索USDH作为Hyperliquid的第一个无许可的报价资产的影响，以及对分散财务的更广泛含义。

USDH, Hyperliquid, and Permissionless Assets: A New Era for DeFi?

USDH，超流动和无许可的资产：Defi的新时代？

The DeFi landscape is constantly evolving, and the recent developments surrounding USDH and Hyperliquid's permissionless asset feature are shaking things up. This blog post dives into what these changes mean for traders and the future of decentralized finance, all while keeping it real, New York style.

Defi景观不断发展，围绕USDH和Hyproliquid的无许可资产功能的最新发展正在震撼。这篇博客文章深入了解这些变化对交易者和分散财务的未来意味着什么，同时使其保持真实，纽约风格。

Hyperliquid's Bold Move: Permissionless Assets

超流动的大胆举动：无许可的资产

Hyperliquid, a decentralized trading platform, just dropped a bombshell: permissionless spot quote assets. Basically, any asset can now be used as a quote asset, letting users and projects create new trading pairs through Dutch auctions. This is a big deal because it adds flexibility and decentralization to the platform. It's like opening up the doors to a whole new world of trading possibilities.

超级流动的交易平台Hyproliquid刚刚放弃了一个重磅炸弹：无许可的报价资产。基本上，任何资产现在都可以用作报价资产，让用户和项目通过荷兰拍卖来创建新的交易对。这很重要，因为它为平台增加了灵活性和分散性。这就像打开一个全新的交易可能性世界的大门一样。

USDH Takes the Stage

USDH上台

Enter USDH, the first stablecoin to achieve permissionless quote status on Hyperliquid. Native Markets deployed USDH, and the HYPE/USDH trading pair is now live. Native Markets even locked up 200,000 HYPE tokens for three years to get the ball rolling, showing they're serious about this whole thing. Hyperliquid is hinting that more trading pairs are coming, so keep your eyes peeled.

输入USDH，这是第一个在Hyperliquid上获得无权报价状态的Stablecoin。本地市场部署了USDH，而HYPE/USDH交易对现已发行。当地市场甚至将200,000个炒作令牌锁定了三年，以使球滚动，这表明他们对整个事情很认真。 Hyproliquid暗示即将到来更多的交易对，因此请保持眼睛剥落。

How It Works

它如何工作

So, how does this permissionless thing actually work? Well, if you're deploying stable assets, you can enable your tokens to act as quote assets, as long as you meet Hyperliquid’s on-chain requirements. Once you've got that quote status, you can use it in the first spot pair of any HIP-1 deployment. New trading pairs can also be set up through permissionless Dutch auctions, which are separate from HIP-1 token auctions. This keeps things organized and prevents any disruption to current token distributions.

那么，这种无许可的事情实际上是如何工作的呢？好吧，如果您要部署稳定的资产，只要您符合Hyperliquid的链上要求，就可以使令牌能够充当报价资产。获得报价状态后，您可以在任何HIP-1部署的第一名对中使用它。新的交易对也可以通过无许可的荷兰拍卖来建立，这些拍卖与HIP-1代币拍卖分开。这样可以使事情井井有条，并防止对当前令牌分布的任何中断。

Why This Matters

为什么这很重要

The permissionless system hands more control to users, allowing them to experiment with different asset combinations and create new trading opportunities. The Dutch auction mechanism ensures that new pairs are deployed transparently and fairly. It's all about giving traders more freedom and control.

无许可的系统将更多的控制权提供给用户，从而使他们可以尝试不同的资产组合并创造新的交易机会。荷兰拍卖机制可确保新对透明，公平地部署。这全都是为了给贸易商提供更多的自由和控制。

The Competition Heats Up

比赛升温

Of course, no good story is without some drama. Hyperliquid isn't the only player in town. Aster, a CZ-endorsed DEX, is also making waves, even surpassing Hyperliquid in 24-hour revenue at one point. Plus, Cathie Wood from ARK Invest even mentioned Hyperliquid as a project to watch, comparing it to Solana's early days. That's some serious buzz!

当然，没有戏剧的好故事。杂种不是镇上唯一的球员。 CZ认可的DEX Aster也在引起浪潮，甚至在某一时刻超过了24小时的超级流动性。另外，ARK Invest的Cathie Wood甚至提到Hyproliquid是一个观看的项目，将其与Solana的早期进行了比较。那是一些严重的嗡嗡声！

My Two Cents

我的两分钱

Personally, I think Hyperliquid's move towards permissionless assets is a smart one. It's all about giving users more control and fostering innovation. Sure, there's competition, but that just makes things more exciting. The fact that USDH is backed by a mix of cash and short-term U.S. Treasuries adds a layer of stability that's always welcome in the wild world of DeFi. Also, Native Markets pre-minted $15 million USDH through HyperEVM, collaborating with the Assistance Fund to support initial liquidity, solidifying the backing of USDH.

就我个人而言，我认为Hyplliquid朝着无许可的资产迈进了一项聪明的资产。这一切都是为了为用户提供更多的控制和促进创新。当然，有竞争，但这只是使事情变得更加令人兴奋。 USDH得到现金和短期美国国债的支持，这一事实增加了一层稳定性，在Defi的野生世界中始终受到欢迎。此外，本地市场通过HypereVM预先付出了1500万美元，与援助基金合作，以支持初始流动性，巩固了USDH的支持。

Wrapping It Up

包装

So, what's the takeaway? Hyperliquid's embracing decentralization and innovation. With USDH leading the charge as the first permissionless quote asset, we're likely to see some cool new trading opportunities popping up. The DeFi space is constantly changing, and Hyperliquid is positioning itself to be a major player. Keep an eye on this one, folks. It's gonna be a wild ride!

那么，收获是什么？超流动的拥抱权力下放和创新。由于USDH将指控作为第一个无许可的报价资产，我们很可能会看到一些很酷的新交易机会弹出。 Defi空间正在不断变化，而超流动液则将自己定位为主要参与者。伙计们，请密切注意这一点。这将是一个疯狂的旅程！