Frax Finance面臨WLFI合作夥伴關係的風險

Frax聯合創始人史蒂芬·摩爾（Stephen Moore）與WLFI的聯繫以及以前作為特朗普本人的經濟顧問的工作增加了該提案的權重。

Frax Finance, a major decentralized finance (DeFi) protocol, is currently voting on a high-stakes proposal to invest up to $15 million in World Liberty Financial (WLFI), a DeFi project reportedly linked to the family of former US President Donald Trump. This bold proposition has sparked heated debate within the Frax Finance community, carrying both potential risks and rewards.

Frax Finance是一項主要的分散財務（DEFI）協議，目前正在投票通過一項高風險提議，以向世界自由金融（WLFI）投資高達1500萬美元，這是一個與美國前總統唐納德·特朗普家族有關的DEFI項目。這個大膽的主張引發了Frax Finance社區中激烈的辯論，具有潛在的風險和獎勵。

The proposal outlines an initial investment of $5 million to acquire WLFI tokens and forge a strategic partnership with the project. If the first phase proves successful, it could pave the way for an additional investment of up to $10 million, contingent on performance metrics.

該提案概述了500萬美元的初始投資，以獲取WLFI代幣並與該項目建立戰略合作夥伴關係。如果第一階段證明是成功的，那麼它可能會為最高1000萬美元的額外投資鋪平道路，取決於績效指標。

Proponents argue that this deal could unlock vast opportunities for Frax Finance. By collaborating with World Liberty Financial, Frax would gain access to a broader audience, leveraging Trump's public presence and pro-cryptocurrency stance to reach millions of Americans who may be unfamiliar with decentralized finance.

支持者認為，這項交易可以為Frax Finance釋放巨大的機會。通過與世界自由金融合作，Frax將獲得更廣泛的受眾訪問，並利用特朗普的公共存在和親密貨幣立場來吸引數百萬美國人，他們可能不熟悉分散的金融。

According to blockchain analytics platform Spot On Chain, WLFI has attained a degree of notoriety, having already funneled over $70 million into large DeFi protocols, such as Aave, Chainlink, Ethereum, Tron, and Ethena. Its governance structure enables token holders to influence decisions on projects, and the technical and operational benefits from its partnerships with entities like Chainlink and Ethena Labs are substantial.

根據Blockchain Analytics Platform在Chain上的地位，WLFI已獲得了一定程度的臭名昭著，已經在大型Defi方案中匯集了超過7000萬美元，例如AAVE，Chainlink，以太坊，Tron和Ethena。它的治理結構使代幣持有人能夠影響項目的決策，以及與Chainlink和Ethena Labs這樣的實體的合作夥伴關係所帶來的技術和運營益處。

After $ETH, World Liberty Financial (@worldlibertyfi) is buying $TRX, $AAVE and $LINK!

$ ETH之後，世界自由金融（@worldlibertyfi）將購買$ trx，$ aave和$ link！

In the past 20 minutes, the fund spent $14.1M to buy:

在過去的20分鐘中，該基金花費了1410萬美元來購買：

- 19.3M $TRX ($4.7M)

-193M $ TX（470萬美元）

- 13,261 $AAVE ($4.7M)

-13,261 $ AAVE（470萬美元）

- 177,928 $LINK ($4.7M)

-177,928 $鏈接（470萬美元）

Note that TRON DAO (@trondao) also spent another 15M $USDT to buy… https://t.co/LJdgBssdvr pic.twitter.com/2p7zqiokRK

請注意，Tron Dao（@trondao）還花了另外1500萬美元的USDT來購買…https://t.co/ljdgbssdvr pic.twitter.com/2p7zqiokrk

Frax Finance’s Risky Partnership with WLFI

Frax Finance與WLFI的風險合作夥伴關係

Frax co-founder Stephen Moore's involvement with WLFI and his prior role as an economic adviser to Trump himself lend further significance to the proposal. However, some members of the Frax community have expressed reservations about the lack of a clear strategic connection between the two entities. If the proposal is approved, this collaboration could bolster Frax Finance's standing as a leading US-based stablecoin, granting it entry into WLFI's governance ecosystem.

Frax聯合創始人史蒂芬·摩爾（Stephen Moore）與WLFI的參與以及他先前擔任特朗普本人的經濟顧問的角色對該提案更加重要。但是，Frax社區的一些成員對兩個實體之間缺乏明確的戰略聯繫表示保留。如果該提案獲得批准，這項合作可以支持Frax Finance作為美國領先的Stablecoin的地位，從而授予WLFI的治理生態系統。

“By partnering with WLFI, Frax would solidify its status as a premier US-origin stablecoin while benefiting from WLFI’s ecosystem and governance opportunities,” the proposal reads.

該提議寫道：“通過與WLFI合作，Frax將鞏固其作為首屈一指的美國 - 原子穩定的地位，同時從WLFI的生態系統和治理機會中受益。”

Despite its potential upsides, the proposal has not been without its controversy. Critics within the Frax community have raised concerns about the financial risks, particularly regarding the valuation of WLFI.

儘管有潛在的局勢，但該提議並非沒有爭議。 Frax社區中的批評家提出了對財務風險的擔憂，特別是對WLFI的估值。

One community member expressed apprehension over the project's $5 billion fully diluted valuation, labeling it "extremely risky and unreasonable." They cautioned that this lofty valuation aligns with the unsustainable hype witnessed during the crypto bull run of 2021-2022, raising concerns about future dilution and its impact on token value.

一位社區成員對該項目的50億美元完全稀釋的估值表示擔憂，並將其標記為“極為風險和不合理”。他們警告說，這種崇高的估值與2021 - 2022年加密公牛運行期間見證的不可持續的炒作保持一致，這引起了人們對未來稀釋及其對代幣價值的影響的擔憂。

As the debate deepens over the fine line within the DeFi sector - between those who are fully receptive to high-profile partnerships and those who, in the case of unproven projects, prefer to exercise caution - the critical decision hinges on whether Frax Finance will embrace WLFI's potential to reshape its US market or prioritize community concerns and proceed more conservatively.

隨著辯論在偏見部門內的細線加深- 那些完全接受備受矚目的伙伴關係的人與在未經證實的項目中更喜歡謹慎行事的人之間- 關於Frax Finance是否會接受的關鍵決定是否會接受WLFI重塑其美國市場或優先考慮社區問題並更加保守的潛力。

While the community deliberates on this proposal, it highlights a crucial balancing act that DeFi protocols must undertake - between innovation and risk - a dynamic that will likely continue to shape the space for years to come.

儘管社區對此提案進行了審議，但它突出了一項至關重要的平衡行為，該法案必須在創新和風險之間進行，這種動態可能會在未來幾年內繼續塑造該空間。

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