歐盟委員會在日益嚴格的審查中啟動 DeFi 監控項目

歐盟委員會正在探索對以太坊區塊鏈上的即時 DeFi 活動進行自動資料收集和監督監控的潛力。此舉顯示人們對去中心化金融領域的監管越來越感興趣，旨在加強審查並建立更簡化的合規方法。

European Commission Embarks on Research Project to Enhance Oversight of Decentralized Finance (DeFi) Protocols

歐盟委員會啟動研究計畫以加強對去中心化金融（DeFi）協議的監管

Brussels, Belgium - The European Commission (EC) has initiated a research project aimed at exploring the feasibility of implementing automated supervisory monitoring of decentralized finance (DeFi) protocols. This initiative underscores the growing interest and scrutiny of DeFi within the European Union.

比利時布魯塞爾 - 歐盟委員會 (EC) 啟動了一個研究項目，旨在探索對去中心化金融 (DeFi) 協議實施自動監管監控的可行性。這項舉措凸顯了歐盟內部對 DeFi 日益增長的興趣和審查。

The project, titled "Embedded supervision of decentralized finance (DeFi) protocols," will investigate the potential of directly gathering data from the Ethereum blockchain to enable real-time supervision of DeFi activity. This effort suggests that European policymakers are keen on fostering greater oversight within the rapidly evolving DeFi landscape.

該計畫名為“去中心化金融（DeFi）協議的嵌入式監管”，將研究直接從以太坊區塊鏈收集數據以實現 DeFi 活動即時監管的潛力。這項努力表明，歐洲政策制定者熱衷於在快速發展的 DeFi 領域加強監管。

Origins and Evolution of DeFi

DeFi 的起源與演變

DeFi, a burgeoning sector of the financial industry, has witnessed a surge in popularity in recent years. Platforms such as Uniswap and Pancakeswap have catalyzed the growth of this decentralized ecosystem, which has been characterized by both lucrative opportunities and market volatility.

DeFi 作為金融業的新興領域，近年來人氣飆升。 Uniswap 和 Pancakeswap 等平台促進了這個去中心化生態系統的發展，其特點是利潤豐厚的機會和市場波動。

In 2020, the introduction of yield farming and liquidity mining paved the way for DeFi projects to raise funds swiftly and spurred a lucrative yet unpredictable market for associated tokens. The industry's rapid ascent fueled widespread public interest and sparked discussions about its potential to revolutionize the financial landscape.

2020年，流動性挖礦和流動性挖礦的引入為 DeFi 專案迅速籌集資金鋪平了道路，並刺激了相關代幣的利潤豐厚但不可預測的市場。該行業的快速崛起引發了公眾的廣泛興趣，並引發了關於其徹底改變金融格局的潛力的討論。

Proponents of DeFi have heralded the emergence of "DeFi millionaires" and the exponential growth of decentralized exchanges as evidence of its transformative potential. Critics, however, have voiced concerns about the sustainability of this growth and the potential for a market correction.

DeFi 的支持者宣稱「DeFi 百萬富翁」的出現和去中心化交易所的指數級增長是其變革潛力的證據。然而，批評者對這種成長的可持續性和市場調整的可能性表示擔憂。

DeFi's Maturation and Institutional Acceptance

DeFi 的成熟與機構接受度

The crypto market crash in the spring of 2022 served as a catalyst for reflection within the DeFi community. Despite the downturn, the year may mark a watershed moment for the industry, as it evolves towards mainstream adoption.

2022 年春季的加密貨幣市場崩盤引發了 DeFi 社群的反思。儘管經濟低迷，但今年可能標誌著該行業的分水嶺，因為它正在向主流採用發展。

The initial years of DeFi were characterized by high risk and a lack of regulation, which has deterred institutional participation. However, recent initiatives, such as Aave Arc, aim to bridge the gap between DeFi and traditional finance.

DeFi 在最初幾年的特點是風險高、缺乏監管，這阻礙了機構參與。然而，最近的舉措，例如 Aave Arc，旨在彌合 DeFi 和傳統金融之間的差距。

Aave Arc seeks to facilitate institutional involvement in compliant DeFi by eliminating the anonymity associated with traditional DeFi and establishing a "permission liquidity pool" accessible only to vetted and compliant institutions.

Aave Arc 旨在透過消除與傳統 DeFi 相關的匿名性並建立僅對經過審查且合規的機構開放的「許可流動性池」來促進機構參與合規 DeFi。

Anubi Digital, an Italian crypto custodian serving businesses, institutional investors, and high-net-worth individuals, has become one of the project's whitelisted financial institutions. This week, Anubi Digital launched its DeFi offering, DUO, a liquidity staking service that enables clients to participate in Uniswap liquidity pools using euros or crypto assets.

Anubi Digital 是一家為企業、機構投資者和高淨值人士提供服務的義大利加密貨幣託管機構，已成為該專案列入白名單的金融機構之一。本週，Anubi Digital 推出了 DeFi 產品 DUO，這是一項流動性質押服務，使客戶能夠使用歐元或加密資產參與 Uniswap 流動性池。

Regulatory Oversight and the Future of DeFi

監管監督和 DeFi 的未來

The increasing involvement of regulated financial institutions signals a shift towards mainstream acceptance and the potential for greater regulatory oversight.

受監管金融機構的日益參與標誌著向主流接受的轉變以及加強監管的潛力。

DeFi projects and platforms are typically governed by decentralized autonomous organizations (DAOs), comprised of anonymous token-holders with voting rights that can change frequently. This distributed governance structure presents challenges in terms of accountability and liability.

DeFi 專案和平台通常由去中心化自治組織 (DAO) 管理，該組織由匿名代幣持有者組成，投票權可能經常發生變化。這種分散式治理結構在問責制和責任方面提出了挑戰。

Regulatory authorities are exploring mechanisms to address these issues. The presence of regulatory oversight could foster greater confidence and stability within the DeFi ecosystem, facilitating its integration with the traditional financial system.

監管機構正在探索解決這些問題的機制。監管的存在可以增強 DeFi 生態系統的信心和穩定性，促進其與傳統金融體系的融合。

Conclusion

結論

The European Commission's research project underscores the growing importance of DeFi and the need for appropriate supervisory mechanisms. As DeFi continues to mature and gain mainstream acceptance, policymakers are tasked with striking a balance between fostering innovation and ensuring the stability and integrity of the financial marketplace.

歐盟委員會的研究計畫強調了 DeFi 日益增長的重要性以及適當監管機制的必要性。隨著 DeFi 不斷成熟並獲得主流接受，政策制定者的任務是在促進創新和確保金融市場的穩定性和完整性之間取得平衡。