Maker Protocol 考慮向 Athena 合成美元市場投資 6 億美元

DeFi 協議 Maker (MKR) 正在考慮將其 DAI 穩定幣投資至多 6 億美元到 Athena 的合成美元市場 - USDe。 Maker 最近在 Morpho Blue 的 Spark（借貸協議）上的 sUSDe/DAI 和 USDe/DAI 上投資了 1 億 DAI。

Maker Protocol Weighs $600 Million Investment in Athena's Synthetic Dollar Market

Maker Protocol 擬向 Athena 合成美元市場投資 6 億美元

New York, NY - March 29, 2024 - The Maker Protocol, a decentralized finance (DeFi) platform, is contemplating a substantial investment of up to $600 million in Athena's synthetic dollar market, USDe. This move follows Maker's recent allocation of $100 million in DAI stablecoins to the USDe/DAI and sUSDe/DAI markets on Morpho Blue's Spark lending protocol.

紐約州紐約 - 2024 年 3 月 29 日 - 去中心化金融 (DeFi) 平台 Maker Protocol 正在考慮向 Athena 的合成美元市場 USDe 進行高達 6 億美元的大量投資。在此之前，Maker 最近根據 Morpho Blue 的 Spark 借貸協議向 USDe/DAI 和 sUSDe/DAI 市場分配了 1 億美元的 DAI 穩定幣。

The proposed investment aims to bolster the liquidity of USDe markets, enabling users to amplify their exposure to Athena's assets. Maker has deployed a 100-million DAI Direct Deposit Module to Spark's USDe/DAI and sUSDe/DAI markets on Morpho Blue, facilitating overcollateralized liquidity for individuals seeking to increase their engagement with Athena's offerings.

擬議的投資旨在增強 USDe 市場的流動性，使用戶能夠擴大對 Athena 資產的曝險。 Maker 已在 Morpho Blue 上的 Spark USDe/DAI 和 sUSDe/DAI 市場部署了 1 億 DAI 直接存款模組，為尋求增加 Athena 產品參與度的個人提供超額抵押流動性。

On Monday, a proposal was submitted to the Maker forum, advocating for an additional $500 million DAI allocation to Morpho's lending infrastructure, specifically in the USDe staked and USDe/DAI markets. Authored by BA Labs, a member of the MakerDAO's Stability Scope Advisory Board, the proposal envisions a total investment of up to $1 billion DAI.

週一，一項提案提交給 Maker 論壇，主張為 Morpho 的借貸基礎設施額外分配 5 億美元的 DAI，特別是在 USDe 質押和 USDe/DAI 市場。該提案由 MakerDAO 穩定性範圍諮詢委員會成員 BA Labs 撰寫，預計 DAI 總投資將高達 10 億美元。

However, the proposal has drawn criticism from some within the cryptocurrency community, citing concerns about excessive risk. Mark Zeller, Founder of the Aave Chan Initiative and Aave DAO Delegate (AAVE), characterized the proposal as "the definition of recklessness," highlighting the lack of battle-testing of the protocol, absence of risk mitigation measures, reliance on weak oracles, and the short timeframe for such a significant investment. In response, Zeller has announced plans to propose a reduction in the loan-to-value (LTV) ratio for DAI borrowing on Aave.

然而，該提案引起了加密貨幣社群內一些人的批評，理由是擔心風險過高。 Aave Chan Initiative 和 Aave DAO 代表 (AAVE) 的創始人 Mark Zeller 將該提案描述為“魯莽的定義”，強調該協議缺乏實戰測試，缺乏風險緩解措施，對薄弱的預言機的依賴，如此重大的投資期限很短。作為回應，Zeller 宣布計劃提議降低 Aave 上 DAI 借款的貸款價值 (LTV) 比率。

The Maker Protocol is a leading decentralized autonomous organization (DAO) governing the stablecoin DAI. DAI is pegged to the value of the US dollar and is backed by a diversified portfolio of crypto assets. The protocol ensures the stability of DAI through a system of collateralized debt positions (CDPs), which allow users to borrow DAI against their crypto assets.

Maker Protocol 是管理穩定幣 DAI 的領先去中心化自治組織 (DAO)。 DAI 與美元價值掛鉤，並得到多元化加密資產組合的支持。該協議透過抵押債務部位（CDP）系統確保 DAI 的穩定性，該系統允許用戶以其加密資產借入 DAI。

Athena is a synthetic asset issuance platform that enables the creation of synthetic versions of real-world assets, such as stocks, commodities, and currencies. The USDe stablecoin is a synthetic asset pegged to the value of the US dollar and backed by a basket of crypto assets.

Athena 是一個合成資產發行平台，可以創建現實世界資產的合成版本，例如股票、商品和貨幣。 USDe 穩定幣是一種與美元價值掛鉤並由一籃子加密資產支持的合成資產。

The proposed investment in Athena's USDe market reflects Maker's growing interest in synthetic asset markets. As the DeFi ecosystem matures and the adoption of stablecoins increases, synthetic assets are expected to play a significant role in providing exposure to a wider range of assets and facilitating financial innovation.

對 Athena USDe 市場的擬議投資反映了 Maker 對合成資產市場日益增長的興趣。隨著 DeFi 生態系統的成熟和穩定幣採用的增加，合成資產預計將在提供更廣泛的資產曝險和促進金融創新方面發揮重要作用。

However, the proposal has reignited concerns about excessive risk-taking within the DeFi ecosystem. Critics argue that the investment is premature, given the unproven track record of the synthetic dollar market and the potential for volatility and market manipulation. Maker's decision will ultimately be influenced by a careful assessment of the risks and benefits associated with the proposed investment.

然而，該提案再次引發了人們對 DeFi 生態系統內過度冒險的擔憂。批評者認為，鑑於合成美元市場未經證實的記錄以及波動和市場操縱的可能性，這項投資還為時過早。製造商的決定最終將受到與擬議投資相關的風險和收益的仔細評估的影響。