Ethena Labs 透過比特幣支援 USDe 穩定幣，為指數級成長做好準備

Ethena Labs 計劃透過將比特幣作為支援資產來擴大 USDe 穩定幣的規模，旨在增強其穩定性。憑藉比特幣的流動性，Ethena 尋求增強 USDe 的框架，利用其不斷增加的未平倉合約進行 Delta 對沖。此舉符合 MakerDAO 的提議，即利用 Morpho Labs 的能力向 USDe 和 sUSDe 投資 6 億美元。比特幣的加入和擬議的投資凸顯了 Ethena Labs 致力於優化 USDe 的可擴展性和穩定性，並增強其在 DeFi 生態系統中的作用。

Ethena Labs Supercharges USDe Stablecoin with Bitcoin's Backing, Poised for Exponential Growth

Ethena Labs 在比特幣的支援下為 USDe 穩定幣充值，準備實現指數級成長

Ethena Labs, a pioneering force in the decentralized finance (DeFi) realm, has unveiled a strategic move to fortify its stablecoin, USDe, by incorporating Bitcoin (BTC) as an additional backing asset. This integration marks a significant step towards enhancing USDe's stability and scalability, as the stablecoin currently boasts an impressive market capitalization of $2 billion.

Ethena Labs 是去中心化金融 (DeFi) 領域的先鋒力量，推出了一項策略舉措，透過將比特幣 (BTC) 納入額外的支援資產來強化其穩定幣 USDe。此次整合標誌著 USDe 向增強穩定性和可擴展性邁出了重要一步，因為該穩定幣目前擁有 20 億美元的令人印象深刻的市值。

Leveraging Bitcoin's Liquidity: A Catalyst for Stability

利用比特幣的流動性：穩定的催化劑

By tapping into Bitcoin's vast liquidity, Ethena aims to bolster USDe's stability framework. The open interest in Bitcoin derivatives has surpassed that of Ethereum, providing enhanced scalability and liquidity for delta hedging, a crucial technique for stabilizing stablecoins.

透過利用比特幣的巨大流動性，Ethena 旨在增強 USDe 的穩定性框架。比特幣衍生性商品的未平倉合約已經超過了以太坊，為 Delta 對沖提供了增強的可擴展性和流動性，而 Delta 對沖是穩定穩定幣的關鍵技術。

Although Bitcoin lacks a native staking yield like staked Ether (stETH), Ethena believes that such yields pale in comparison to the lucrative funding rates of over 30% prevalent in bullish markets. This current market environment presents an opportune moment to optimize USDe's scalability.

儘管比特幣缺乏像質押以太坊 (stETH) 這樣的原生質押收益率，但 Ethena 認為，與牛市中普遍存在的超過 30% 的利潤豐厚的融資利率相比，這種收益率顯得蒼白無力。當前的市場環境為優化 USDe 的可擴展性提供了有利時機。

MakerDAO's Vote of Confidence: A Catalyst for Diversification

MakerDAO 的信任投票：多元化的催化劑

In a resounding endorsement of USDe's potential, MakerDAO, the decentralized autonomous organization (DAO) behind the renowned stablecoin DAI, has proposed channeling a staggering $600 million into USDe and its staked variant, sUSDe. This move underscores the growing recognition of USDe's stability and the diversification strategy employed by MakerDAO.

為了對 USDe 的潛力給予充分認可，著名穩定幣 DAI 背後的去中心化自治組織 (DAO) MakerDAO 提議向 USDe 及其質押變體 sUSDe 投入高達 6 億美元的資金。此舉凸顯了人們對 USDe 穩定性和 MakerDAO 所採用的多元化策略的日益認可。

A Robust Backing: Enhancing User Confidence

堅強後盾：增強使用者信心

Ethena Labs firmly believes that the addition of Bitcoin as a backing asset for USDe will provide a more robust foundation, ultimately translating into enhanced safety for users. As USDe continues its trajectory towards a $10 billion market capitalization, the increased liquidity and duration profile offered by Bitcoin will further strengthen its stability.

Ethena Labs 堅信，添加比特幣作為 USDe 的支援資產將為 USDe 提供更堅實的基礎，最終轉化為增強用戶的安全性。隨著 USDe 繼續朝著 100 億美元的市值邁進，比特幣提供的流動性和久期特徵的增加將進一步增強其穩定性。

Leveraging Bitcoin's Growing Open Interest:

利用比特幣不斷增長的未平倉合約：

The integration of Bitcoin into USDe aims tocapitalize on the exponential growth of Bitcoin open interest on major exchanges, a trend that has accelerated significantly over the past year. This strategic move underscores Ethena Labs' commitment to leveraging Bitcoin's liquidity and growth potential to enhance the framework of USDe.

將比特幣納入 USDe 的目的是利用主要交易所的比特幣未平倉合約的指數增長，這一趨勢在過去一年中顯著加速。這項策略性舉措強調了 Ethena Labs 致力於利用比特幣的流動性和成長潛力來增強 USDe 的框架。

A Commitment to Stability and Scalability:

對穩定性和可擴展性的承諾：

Ethena Labs' decision to add Bitcoin as a backing asset for USDe exemplifies their unwavering commitment to optimizing the stablecoin's scalability and stability. By leveraging Bitcoin's liquidity and growth potential, Ethena aims to provide a safer and more robust product for users as they continue to expand and optimize the scalability of USDe.

Ethena Labs 決定將比特幣添加為 USDe 的支援資產，這體現了他們對優化穩定幣的可擴展性和穩定性的堅定承諾。透過利用比特幣的流動性和成長潛力，Ethena 旨在為用戶不斷擴展和優化 USDe 的可擴展性提供更安全、更強大的產品。

Poised for Growth: USDe's Ascent within the DeFi Ecosystem

蓄勢待發：USDe 在 DeFi 生態系中的崛起

The proposal by MakerDAO to invest $600 million in USDe and sUSDe through Morpho Labs reflects the growing confidence in the stablecoin's potential for growth and diversification within the DeFi ecosystem. With the integration of Bitcoin and the proposed investments from MakerDAO, USDe is poised to evolve and expand within the DeFi landscape.

MakerDAO 提議透過 Morpho Labs 向 USDe 和 sUSDe 投資 6 億美元，這反映出人們對穩定幣在 DeFi 生態系統中的成長和多元化潛力的信心不斷增強。隨著比特幣和 MakerDAO 擬議投資的整合，USDe 預計將在 DeFi 領域不斷發展和擴張。

Conclusion: A New Era for USDe

結論：USDe 的新時代

Ethena Labs' decision to scale USDe by adding Bitcoin as a backing asset demonstrates their unwavering commitment to enhancing the stablecoin's stability and scalability. With the integration of Bitcoin and proposed investments from MakerDAO, USDe is poised to flourish and continue its ascendancy within the DeFi ecosystem. By leveraging Bitcoin's liquidity and growth potential, Ethena aims to provide a safer and more robust product for users as they continue to expand and optimize the scalability of USDe.

Ethena Labs 決定透過添加比特幣作為支持資產來擴展 USDe，這表明了他們對增強穩定幣穩定性和可擴展性的堅定承諾。隨著比特幣的整合和 MakerDAO 擬議的投資，USDe 預計將蓬勃發展並繼續在 DeFi 生態系統中佔據主導地位。透過利用比特幣的流動性和成長潛力，Ethena 旨在為用戶不斷擴展和優化 USDe 的可擴展性提供更安全、更強大的產品。