MakerDAO 啟動 10 億美元競賽，從美國國庫券和相關產品中取得代幣化資產

這項名為「Spark 代幣化大獎賽」的競賽的重點是增加 Maker 對短期美國國庫券和相關代幣化產品的曝險。

MakerDAO began accepting applications on Monday for a competition to onboard up to $1 billion in tokenized assets.

MakerDAO 於週一開始接受競賽申請，以獲取高達 10 億美元的代幣化資產。

The competition, dubbed the “Spark Tokenization Grand Prix,” is designed to increase Maker’s exposure to short-duration US T-Bills and related tokenized products, according to a governance post by Steakhouse Financial, a treasury management firm that is also MakerDAO’s strategic finance core unit.

Steakhouse Financial 是一家財務管理公司，同時也是MakerDAO 的戰略財務部門，在一份治理帖子中稱，這項被稱為“Spark 代幣化大獎賽”的競賽旨在增加Maker 對短期美國國庫券和相關代幣化產品的曝險。

Applications will be judged on several metrics, including the tradeoff between liquidity and capital efficiency, according to the governance post. “Spark plans to utilize a more liquid product for frequent rebalancing and higher yielding product(s) for capital efficiency, with less frequent rebalancing,” Steakhouse Financial wrote last week. Spark is a subDAO of Maker that is best known for its product SparkLend, a decentralized finance lending platform.

據治理貼文稱，申請將根據幾個指標進行評判，包括流動性和資本效率之間的權衡。 Steakhouse Financial 上週寫道：“Spark 計劃利用流動性更強的產品進行頻繁的再平衡，並利用收益率更高的產品來提高資本效率，同時減少再平衡的頻率。” Spark 是 Maker 的子 DAO，以其產品 SparkLend（一個去中心化金融借貸平台）而聞名。

“However, we expect the process to be dynamic and competitive,” Steakhouse Financial added. “Liquidity-focused products will need to offer an attractive net yield, and yield-focused products will need to offer suitable liquidity.”

Steakhouse Financial 補充說：“然而，我們希望這個過程充滿活力且具有競爭力。” “以流動性為中心的產品需要提供有吸引力的淨收益率，而以收益為中心的產品需要提供適當的流動性。”

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Liquidity is defined as the ease with which financial products can be converted to cash or fiat-backed stablecoins, while capital efficiency refers to the effectiveness of generating the most yield from a given amount of capital.

流動性被定義為金融產品轉換為現金或法定支持的穩定幣的難易程度，而資本效率是指從給定量的資本中產生最大收益的有效性。

Several notable firms said they will participate in the competition, including Ondo Finance, Superstate, Mountain Protocol, OpenEden, and Securitize, the distributor of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).

多家知名公司表示將參加此競賽，包括 Ondo Finance、Superstate、Mountain Protocol、OpenEden 以及 BlackRock 美元機構數位流動性基金（BUIDL）的經銷商 Securitize。

“Great to see this initiative. Ondo looks forward to participating,” Nathan Allman, the founder and CEO of real-world assets platform Ondo Finance, best known for its tokenized U.S. Treasury offerings, wrote in MakerDAO’s governance forum.

“很高興看到這項舉措。 Ondo 期待參與，」現實世界資產平台 Ondo Finance 的創始人兼首席執行官 Nathan Allman 在 MakerDAO 治理論壇上寫道，該平台以其代幣化的美國國債產品而聞名。

Arbitrum and Ethena’s RWA Programs

Arbitrum 和 Ethena 的 RWA 計劃

The expected submissions follow applications by Superstate, Mountain Protocol, OpenEden, and Securitize to receive an allocation from synthetic dollar protocol Ethena’s reserve fund into real-world assets. Submissions for Ethena closed on Monday, the same day MakerDAO opened its applications.

預期的提交是在 Superstate、Mountain Protocol、OpenEden 和 Securitize 申請接收合成美元協議 Ethena 儲備基金對現實世界資產的分配之後提交的。 Ethena 的提交已於週一截止，同一天 MakerDAO 開放了申請。

The same four companies are also participating in layer 2 blockchain Arbitrum’s STEP program, which aims to diversify the network’s treasury into stable, liquid, and yield-bearing assets.

這四家公司還參與了第 2 層區塊鏈 Arbitrum 的 STEP 計劃，該計劃旨在將網路的資金多樣化為穩定、流動和有收益的資產。

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“Our experiences with Arbitrum and Ethena have helped us shape our approach to MakerDAO’s investment proposal,” a Superstate spokesperson told Unchained in an email. “These processes, particularly Arbitrum’s, provided us with a clear blueprint for how DAOs can efficiently coordinate to achieve specific financial objectives.”

「我們在 Arbitrum 和 Ethena 方面的經驗幫助我們制定了 MakerDAO 投資提案的方法，」Superstate 發言人在一封電子郵件中告訴 Unchained。 “這些流程，尤其是 Arbitrum 的流程，為我們提供了 DAO 如何有效協調以實現特定財務目標的清晰藍圖。”

“Arbitrum’s structured and objective evaluation process allowed us to see firsthand how well-organized frameworks can help DAOs select the right partners and manage proposals more effectively,” the Superstate spokesperson said.

Superstate 發言人表示：“Arbitrum 結構化且客觀的評估流程讓我們親眼目睹了組織良好的框架如何幫助 DAO 選擇合適的合作夥伴並更有效地管理提案。”

The deadline for submissions is September 20, 2024. After the deadline, the Grand Prix committee will review the submissions and propose selections to Maker’s governance body of MKR token holders, who will then suggest which asset managers to onboard.

提交的截止日期為2024 年9 月20 日。人。

MakerDAO is one of the highest-revenue protocols in all of crypto, having accrued nearly $350 million in lifetime revenue, according to data from blockchain analytics firm DefiLlama. The protocol’s governance token, MKR, has gained almost 5% in the past 24 hours to trade just under $2,000, giving the cryptocurrency a market capitalization of $1.8 billion, according to CoinGecko.

根據區塊鏈分析公司 DefiLlama 的數據，MakerDAO 是所有加密貨幣中收入最高的協議之一，其終身收入已接近 3.5 億美元。據 CoinGecko 稱，該協議的治理代幣 MKR 在過去 24 小時內上漲了近 5%，交易價格略低於 2,000 美元，使該加密貨幣的市值達到 18 億美元。