dYdX 重組為開曼群島基金會以應對監管風暴

dYdX 營運信託 (DOT) 投票贊成過渡到開曼群島基金會公司，以保護貢獻者免受因美國 SEC 加強審查而帶來的潛在法律後果。此舉旨在提供一個法律框架，在發生訴訟時保護公司管理人員的個人財務。開曼群島提供的監管環境對尋求避免像美國那樣更嚴格監管的加密貨​​幣公司來說更加有利。

dYdX Restructures as Cayman Islands Foundation to Navigate Regulatory Uncertainties

dYdX 重組為開曼群島基金會以應對監管不確定性

In a significant move amidst heightened scrutiny of Decentralized Finance (DeFi) protocols by U.S. regulators, the dYdX Operations Trust (DOT) has initiated plans to transition into a Cayman Islands Foundation Company. This restructuring, approved by an overwhelming majority of the dYdX community in a recent referendum, aims to shield contributors from potential legal complexities.

在美國監管機構對去中心化金融 (DeFi) 協議加強審查的背景下，dYdX Operations Trust (DOT) 啟動了轉型為開曼群島基金會公司的計劃，這是一項重大舉措。這項重組在最近的全民公投中得到了 dYdX 社群絕大多數成員的批准，旨在保護貢獻者免受潛在的法律複雜性的影響。

DOT to Transform into dYdX Foundation

DOT 轉型為 dYdX 基金會

The transition will see the DOT transform into the dYdX Foundation, a foundation company incorporated in the Cayman Islands. This new structure will involve drafting a Memorandum and Articles of Association for the Foundation and granting effective control to the dYdX Community.

此次轉型將使 DOT 轉變為 dYdX 基金會，這是一家在開曼群島註冊成立的基金會公司。這個新結構將涉及起草基金會的備忘錄和章程，並向 dYdX 社群授予有效控制權。

Motivations for Restructuring

重組的動機

The relocation to the Cayman Islands is primarily motivated by the increasing regulatory pressure on DeFi protocols by the U.S. Securities and Exchange Commission (SEC). Although dYdX does not operate within the United States, U.S. regulators have previously pursued crypto projects internationally.

搬遷到開曼群島的主要原因是美國證券交易委員會（SEC）對 DeFi 協議的監管壓力越來越大。儘管 dYdX 不在美國境內運營，但美國監管機構先前曾在國際上開展加密計畫。

Cayman Islands' Role in Facilitating Crypto Businesses

開曼群島在促進加密貨幣業務方面的作用

The Cayman Islands, a British territory, has emerged as a popular destination for crypto firms seeking more favorable regulatory environments. Its lax framework for digital assets and the legal provisions for establishing foundation companies make it an attractive option for companies seeking to avoid stricter regulations.

英國領土開曼群島已成為尋求更有利監管環境的加密貨幣公司的熱門目的地。其寬鬆的數位資產框架和成立基金會公司的法律規定使其成為尋求避免更嚴格監管的公司的有吸引力的選擇。

Foundation Companies and Liability Protection

基金會公司和責任保護

Foundation companies in the Cayman Islands offer a "separate legal personality," safeguarding the personal finances of those managing the company from potential lawsuits. This protection has become increasingly crucial as DeFi projects face regulatory inquiries and legal threats.

開曼群島的基金會公司提供“獨立的法人資格”，保護公司管理人員的個人財務免受潛在訴訟的影響。隨著 DeFi 計畫面臨監管調查和法律威脅，這種保護變得越來越重要。

Recent DeFi Regulatory Actions

近期 DeFi 監管行動

Recent regulatory actions by U.S. authorities have raised concerns within the DeFi community. Last year, the SEC subpoenaed SushiSwap and its key contributor, Jared Grey, fueling apprehensions about potential enforcement actions. Similarly, DeFi platform ShapeShift settled a lawsuit with U.S. securities regulators for $275,000 in March 2024.

美國當局最近的監管行動引起了 DeFi 界的擔憂。去年，SEC 傳喚了 SushiSwap 及其主要貢獻者 Jared Grey，加劇了人們對潛在執法行動的擔憂。同樣，DeFi 平台 ShapeShift 於 2024 年 3 月以 275,000 美元的價格與美國證券監管機構達成和解。

Trend towards Offshore Jurisdictions

離岸司法管轄區的趨勢

dYdX's move to the Cayman Islands is indicative of a growing trend within the DeFi space as companies seek more accommodating regulatory environments. This shift highlights the challenges posed by uncertain regulatory landscapes and the importance of finding jurisdictions that support the development of innovative financial technologies.

dYdX 遷往開曼群島表明，隨著公司尋求更寬鬆的監管環境，DeFi 領域的趨勢不斷增長。這項轉變凸顯了不確定的監管環境所帶來的挑戰以及尋找支持創新金融科技發展的司法管轄區的重要性。

Conclusion

結論

The restructuring of dYdX into the dYdX Foundation is a strategic maneuver designed to navigate the evolving regulatory landscape for DeFi protocols. By relocating to the Cayman Islands, the protocol aims to protect contributors from potential liabilities and ensure the continued growth and development of its decentralized platform.

將 dYdX 重組為 dYdX 基金會是一項策略性舉措，旨在應對 DeFi 協議不斷變化的監管環境。透過搬遷到開曼群島，該協議旨在保護貢獻者免受潛在責任，並確保其去中心化平台的持續成長和發展。