Ethena Labs 在比特幣支持下提振 USDe 合成美元

Ethena Labs 已將比特幣作為其 USDe 合成美元的支援資產，旨在提高可擴展性和安全性。此舉回應了交易者對比特幣相對於基於以太坊的衍生品日益增長的興趣，並利用了比特幣卓越的流動性和對沖優勢。透過添加比特幣，USDe 的容量預計將增加 2.5 倍以上，反映了有利於比特幣交易的更廣泛的市場趨勢。

Ethena Labs Adopts Bitcoin as Backing Asset for Synthetic Dollar, USDe

Ethena Labs 採用比特幣作為合成美元 USDe 的支援資產

[City, Date] - In a strategic move to enhance scalability and safety, Ethena Labs has announced the inclusion of Bitcoin (BTC) as a backing asset for its USDe synthetic dollar. This decision aligns with the growing interest in Bitcoin among traders and reflects a broader market trend favoring Bitcoin trades.

[城市，日期] - 為了增強可擴展性和安全性，Ethena Labs 宣布將比特幣 (BTC) 作為其 USDe 合成美元的支援資產。這項決定符合交易者對比特幣日益增長的興趣，並反映了有利於比特幣交易的更廣泛的市場趨勢。

Previously, USDe solely relied on Ether (ETH) liquid staking tokens for collateral. The shift to include Bitcoin aims to leverage its superior liquidity, hedging benefits, and duration profile for delta hedging.

此前，USDe 僅依賴以太坊（ETH）流動質押代幣作為抵押品。將比特幣納入其中的目的是利用其卓越的流動性、對沖優勢和 Delta 對沖久期特徵。

Bitcoin's Surging Popularity Drives Strategic Pivot

比特幣的飆升推動策略轉向

Bitcoin's open interest has witnessed a remarkable 150% surge in the past year, reaching $25 billion. This growth has significantly exceeded Ether's 100% growth in open interest, which currently stands at $10 billion. The contrasting demand dynamics between Bitcoin and Ether have influenced Ethena's strategic pivot.

比特幣的未平倉部位在過去一年大幅增加了 150%，達到 250 億美元。這一增長大大超過了以太坊未平倉合約 100% 的增長，目前未平倉合約為 100 億美元。比特幣和以太幣之間截然不同的需求動態影響了 Ethena 的戰略支點。

Bitcoin's robust market performance, with its price currently hovering around $68,026 and marking a 3.3% increase in the past 24 hours, further supports Ethena's decision to incorporate Bitcoin as a backing asset for USDe.

比特幣強勁的市場表現，目前價格徘徊在 68,026 美元左右，在過去 24 小時內上漲了 3.3%，進一步支持了 Ethena 將比特幣作為 USDe 支持資產的決定。

Partnership with Ceffu Enhances Off-Exchange Settlement and Liquidity

與 Ceffu 的合作增強了場外結算和流動性

To enhance off-exchange settlement and liquidity, Ethena Labs has entered into a partnership with Ceffu. This collaboration has integrated Ceffu's MirrorX solution with the Binance Exchange since Ethena's public launch in February 2024.

為了增強場外結算和流動性，Ethena Labs 與 Ceffu 建立了合作夥伴關係。自 2024 年 2 月 Ethena 公開發布以來，此次合作已將 Ceffu 的 MirrorX 解決方案與幣安交易所整合。

Through MirrorX, institutional clients like Ethena gain the advantage of frequent derivatives position settlements. Additionally, it broadens access to a comprehensive range of products and markets on Binance, further enhancing liquidity and market reach for USDe.

透過 MirrorX，Ethena 等機構客戶可以獲得頻繁的衍生性商品部位結算的優勢。此外，它還拓寬了幣安上各種產品和市場的准入，進一步增強了 USDe 的流動性和市場覆蓋範圍。

Bolstering Market Safety and Scalability

增強市場安全性和可擴展性

The decision to back USDe with Bitcoin is driven by Ethena Labs' commitment to fostering a more robust and secure trading environment. As the protocol approaches a $10 billion scale, the Bitcoin backing provides stronger support for USDe, which currently stands at approximately $2 billion.

Ethena Labs 致力於打造更強大、更安全的交易環境，因此決定以比特幣支援 USDe。隨著協議規模接近 100 億美元，比特幣的支持為 USDe 提供了更強有力的支持，目前 USDe 的規模約為 20 億美元。

This strategic move is expected to significantly increase USDe's scalability and safety for users, reinforcing its position in the synthetic dollar market.

這項策略性舉措預計將顯著提高 USDe 的可擴展性和用戶的安全性，從而鞏固其在合成美元市場的地位。

Comments from Key Executives

主要管理人員的評論

Guy Young, CEO of Ethena Labs, expressed the company's optimism about the partnership with Ceffu and the role it will play in enhancing off-exchange settlements.

Ethena Labs 執行長 Guy Young 表達了該公司對與 Ceffu 的合作及其在加強場外結算方面所發揮的作用的樂觀態度。

"We are excited to collaborate with Ceffu to improve the efficiency of our derivatives position settlements and access a wider range of liquidity," said Young.

Young 表示：“我們很高興與 Ceffu 合作，提高我們的衍生性商品頭寸結算效率並獲得更廣泛的流動性。”

Ian Loh, EVP of Ceffu, emphasized the added value of MirrorX in optimizing capital allocation and reducing exposure on Binance.

Ceffu 執行副總裁 Ian Loh 強調了 MirrorX 在優化資本配置和減少幣安風險敞口方面的附加價值。

"Our MirrorX solution provides a unique opportunity for institutional clients to enhance their trading strategies by improving capital allocation and reducing exposure," said Loh.

Loh 表示：“我們的 MirrorX 解決方案為機構客戶提供了獨特的機會，透過改善資本配置和減少風險敞口來增強其交易策略。”

Conclusion

結論

Ethena Labs' decision to back USDe with Bitcoin aligns with the evolving preference for Bitcoin among traders and reflects a broader market trend. The partnership with Ceffu further strengthens USDe's market position and enhances liquidity and safety for users. As the synthetic dollar market continues to grow, Ethena Labs' strategic pivot and focus on innovation position USDe as a leader in this evolving landscape.

Ethena Labs 以比特幣支持 USDe 的決定符合交易者對比特幣不斷變化的偏好，並反映了更廣泛的市場趨勢。與 Ceffu 的合作進一步增強了 USDe 的市場地位，並增強了使用者的流動性和安全性。隨著合成美元市場的持續成長，Ethena Labs 的策略重點和對創新的關注使 USDe 成為這個不斷發展的領域的領導者。