MakerDAO 正在考慮向 Ethena 合成美元市場注入 6 億美元 DAI

領先的 DeFi 協議 Maker (MKR) 正在探索將高達 6 億美元的 DAI 穩定幣分配給 Ethena 的合成美元 USDe 市場。此舉旨在為 Ethena 的資產提供流動性和敞口，但引發了人們對與分配相關的潛在風險的擔憂。

MakerDAO Contemplates Mammoth $600 Million DAI Allocation to Ethena's Synthetic Dollar Market

MakerDAO 考慮向 Ethena 的合成美元市場分配 6 億美元的 DAI

In a bold move to expand its DeFi horizons, the decentralized finance (DeFi) pioneer MakerDAO is exploring a potential allocation of up to $600 million worth of its stablecoin DAI to markets for Ethena's synthetic dollar, USDe. This proposal, if approved, would represent a significant investment in Ethena's crypto-native solution for money and further bolster MakerDAO's liquidity ecosystem.

為了擴大其 DeFi 視野，去中心化金融 (DeFi) 先驅 MakerDAO 正在探索將價值高達 6 億美元的穩定幣 DAI 分配給 Ethena 合成美元 USDe 的市場。該提案如果獲得批准，將代表對 Ethena 的加密原生貨幣解決方案的重大投資，並進一步支持 MakerDAO 的流動性生態系統。

Last week, MakerDAO took a measured step by deploying 100 million DAI to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue, a leading lending protocol on Ethereum. This strategic move provided "overcollateralized scalable liquidity for users seeking to increase their exposure to Ethena's assets," as stated by MakerDAO.

上週，MakerDAO 採取了謹慎的舉措，在以太坊上領先的借貸協議 Morpho Blue 上向 Spark 的 sUSDe/DAI 和 USDe/DAI 市場部署了 1 億枚 DAI。 MakerDAO 表示，這項策略性舉措「為尋求增加 Ethena 資產敞口的用戶提供了超額抵押的可擴展流動性」。

Building on this initial success, a MakerDAO forum contributor has proposed an additional allocation of 500 million DAI into Morpho's lending infrastructure in the staked USDe and USDe/DAI markets. Authored by BA Labs, a respected member of MakerDAO's Stability Scope Advisory Council, the proposal envisages a total allocation that could reach 1 billion DAI.

基於這項初步成功，MakerDAO 論壇貢獻者提議額外分配 5 億 DAI 到 Morpho 在抵押 USDe 和 USDe/DAI 市場的借貸基礎設施中。該提案由 MakerDAO 穩定性範圍諮詢委員會受人尊敬的成員 BA Labs 撰寫，預計總分配量可能達到 10 億 DAI。

This proposal has sparked mixed reactions within the crypto community. While some members view it as a calculated risk with the potential for substantial rewards, others have expressed concerns about the potential risks associated with such a large allocation. Marc Zeller, founder of the Aave Chan Initiative and an Aave (AAVE) DAO delegate, labeled the proposal as "the definition of reckless."

這項提議在加密社群內引發了不同的反應。雖然一些成員認為這是經過計算的風險，有可能帶來豐厚的回報，但其他成員則對如此大的分配所帶來的潛在風險表示擔憂。 Aave Chan Initiative 的創始人兼 Aave (AAVE) DAO 代表 Marc Zeller 將該提案稱為「魯莽的定義」。

Ethena's mission is to establish a crypto-native solution for money that is independent of traditional banking systems. The protocol offers USDe, a synthetic dollar that tracks the value of the US dollar. Additionally, Ethena provides a dollar-denominated savings instrument known as "the Internet Bond." Last week, Binance Launchpool extended its support to Ethena's native asset, ENA.

Ethena 的使命是建立一個獨立於傳統銀行系統的加密貨幣原生解決方案。該協議提供 USDe，這是一種追蹤美元價值的合成美元。此外，Ethena 還提供一種以美元計價的儲蓄工具，稱為「網路債券」。上週，Binance Launchpool 擴大了對 Ethena 原生資產 ENA 的支持。

Ethena has garnered significant industry recognition and support, having raised $14 million in a seed extension round earlier this year. Notable investors in this funding round included BitMEX founder Arthur Hayes, investment giant Franklin Templeton, digital asset manager Galaxy Digital, and Binance Labs.

Ethena 獲得了業界的廣泛認可和支持，在今年稍早的種子輪融資中籌集了 1,400 萬美元。此輪融資的知名投資者包括 BitMEX 創辦人 Arthur Hayes、投資巨頭 Franklin Templeton、數位資產管理公司 Galaxy Digital 和 Binance Labs。

As MakerDAO deliberates on the proposed allocation, the DeFi industry awaits a decision that could have far-reaching implications for the ecosystem. The allocation of $600 million DAI to Ethena's USDe market would represent a major investment and a resounding vote of confidence in the project's vision. However, it also underscores the importance of careful consideration and risk management in the rapidly evolving world of DeFi.

在 MakerDAO 審議擬議的分配方案時，DeFi 產業正在等待可能對生態系統產生深遠影響的決定。向 Ethena 的 USDe 市場分配 6 億美元的 DAI 將是一項重大投資，也是對該計畫願景投下的充分信任票。然而，它也強調了在快速發展的 DeFi 世界中仔細考慮和風險管理的重要性。