dYdX 重組營運以適應監管環境

為了因應美國當局加強的監管審查，去中心化交易所 dYdX 已啟動重組程序，在開曼群島設立法人實體。透過社區公投，90% 的參與者支持這項舉措，將 dYdX 營運信託轉變為 dYdX 基金會，一個位於開曼群島的獨立實體。這種積極主動的方法旨在確保平台及其貢獻者免受潛在的法律挑戰，突顯該行業對應對不斷變化的監管環境的承諾。

dYdX Reorganizes Operations to Navigate Regulatory Landscape

dYdX 重組營運以適應監管環境

dYdX, a decentralized crypto exchange, has unveiled plans to establish a legal entity in the Cayman Islands as part of a strategic restructuring. This move comes amidst intensifying regulatory scrutiny by United States authorities towards decentralized finance (DeFi) protocols.

作為策略重組的一部分，去中心化加密貨幣交易所 dYdX 公佈了在開曼群島建立法人實體的計劃。此舉正值美國當局加強對去中心化金融（DeFi）協議的監管審查之際。

Community-Endorsed Restructuring

社區認可的重組

The decision to relocate a portion of dYdX's operations to the Cayman Islands was overwhelmingly supported by the community through a referendum, with over 90% of participants voting in favor. The restructuring involves transforming the dYdX Operation Trust (DOT) into a new organization known as the dYdX Foundation, which will be domiciled in the Cayman Islands.

將 dYdX 的部分業務遷至開曼群島的決定通過全民投票得到了社區的壓倒性支持，超過 90% 的參與者投了贊成票。重組涉及將 dYdX 營運信託 (DOT) 轉變為一個名為 dYdX 基金會的新組織，該組織將設在開曼群島。

This initiative underscores the community's commitment to adapting to the evolving and increasingly complex regulatory environment surrounding cryptocurrencies and DeFi platforms.

這項舉措強調了社區致力於適應加密貨幣和 DeFi 平台不斷發展且日益複雜的監管環境。

The Cayman Islands: A Crypto-Friendly Destination

開曼群島：加密貨幣友善的目的地

The Cayman Islands has gained recognition for its favorable approach towards digital assets and blockchain-based businesses. The British territory's lax regulatory climate has made it an attractive destination for crypto companies seeking to avoid stringent regulation elsewhere.

開曼群島因其對數位資產和基於區塊鏈的業務的有利態度而獲得認可。英國領土寬鬆的監管環境使其成為尋求避免其他地方嚴格監管的加密貨​​幣公司的有吸引力的目的地。

By establishing a foundation company in the Cayman Islands, dYdX will gain the status of a separate legal entity, thereby shielding the personal assets of the organization's executives.

透過在開曼群島設立基金會公司，dYdX 將獲得獨立法人實體的地位，從而保護該組織高階主管的個人資產。

Responding to Regulatory Pressure

應對監管壓力

dYdX's move can be interpreted as a proactive response to the growing regulatory pressure faced by DeFi entities from U.S. authorities. While dYdX does not have a physical presence in the United States, the extraterritorial reach of U.S. regulations has raised concerns for many in the crypto industry. The restructuring serves as a preemptive measure to safeguard the dYdX community and its contributors from potential legal complications.

dYdX 的此舉可以解讀為對美國當局對 DeFi 實體面臨的日益增長的監管壓力的積極回應。雖然 dYdX 在美國沒有實體存在，但美國法規的域外影響引起了加密行業許多人的擔憂。此次重組是一項先發製人的措施，旨在保護 dYdX 社區及其貢獻者免受潛在法律糾紛的影響。

The U.S. Securities and Exchange Commission (SEC) has recently targeted the DeFi sector, issuing subpoenas to platforms such as SushiSwap and settlements with ShapeShift. These actions have highlighted the potential legal challenges that DeFi projects may face, particularly in jurisdictions with stringent regulatory regimes like the United States.

美國證券交易委員會（SEC）最近瞄準了 DeFi 領域，向 SushiSwap 等平台發出傳票，並與 ShapeShift 和解。這些行動凸顯了 DeFi 計畫可能面臨的潛在法律挑戰，特別是在美國等監管制度嚴格的司法管轄區。

A Proactive Approach for Sustainability

積極主動的可持續發展方法

dYdX's decision to relocate is not merely a reaction to regulatory pressures, but also a strategic move to ensure the long-term viability and sustainability of its operations. By choosing a jurisdiction that is more crypto-friendly, dYdX aims to continue fostering innovation and growth in the DeFi space, despite the prospect of increased regulation. This proactive approach may serve as a model for other DeFi projects facing similar regulatory hurdles.

dYdX 的搬遷決定不僅是對監管壓力的反應，也是確保其營運的長期生存能力和永續性的策略性舉措。儘管監管可能會加強，但透過選擇對加密貨幣更友善的司法管轄區，dYdX 的目標是繼續促進 DeFi 領域的創新和成長。這種積極主動的做法可以為其他面臨類似監管障礙的 DeFi 專案提供借鏡。

Impact on DYDX Token

對 DYDX 代幣的影響

In the wake of the restructuring announcement, the price of the DYDX token has experienced a decline of approximately 5.25% in the last 24 hours. At press time, the token was trading at $3.23, within a range of $3.15 to $3.45.

重組公告發布後，DYDX 代幣的價格在過去 24 小時內下跌了約 5.25%。截至發稿時，該代幣的交易價格為 3.23 美元，區間為 3.15 美元至 3.45 美元。