MakerDAO 為 Ethena 注入 6 億美元，引發成長激增

據報道，以太坊上的去中心化區塊鏈協議 MakerDAO 計劃向 USDe 投資 6 億美元的 DAI，並透過 DeFi 借貸協議 Morpho Labs 質押 USDe（sUSDe），從而促進 Ethena Labs 的成長。

MakerDAO Invests Heavily in Ethena Eyes Growth

MakerDAO 大力投資 Ethena 著眼於成長

MakerDAO, a decentralized blockchain protocol on Ethereum, is reportedly planning to invest $600 million in USDe and stake sUSDe (sUSDe) via DeFi lending protocol Morpho Labs, fueling the growth of Ethena Labs.

據報道，以太坊上的去中心化區塊鏈協議 MakerDAO 計劃向 USDe 投資 6 億美元，並透過 DeFi 借貸協議 Morpho Labs 質押 sUSDe (sUSDe)，從而推動 Ethena Labs 的發展。

While both USDe and sUSDe are issued by Ethena, a synthetic USD protocol built on Ethereum, the mammoth development is expected to propel its total value locked (TVL) to greater heights.

雖然 USDe 和 sUSDe 都是由 Ethena（一種基於以太坊的合成美元協議）發行的，但巨大的發展預計將推動其總鎖定價值 (TVL) 達到更高的高度。

Ethena's Head of Growth, Seraphim Czecker, shared a blog post, revealing MakerDAO's move to invest in USDe and sUSDe. According to his post, "ETH TVL growth is on track with internal expectations."

Ethena 的成長主管 Seraphim Czecker 分享了一篇部落格文章，透露了 MakerDAO 投資 USDe 和 sUSDe 的舉措。根據他的帖子，“ETH TVL 的增長符合內部預期。”

MakerDAO envisions deeper involvement in the project with the growth of ETH. As per a proposal shared by Morpho Spark DAI vault,

MakerDAO 預計隨著 ETH 的成長，會更深入地參與該計畫。根據 Morpho Spark DAIVault 共享的提案，

"Using the lowest of the above thresholds would result in a maximum recommended exposure of US$600mm. This will gradually scale up as ETH grows, however for now we do believe it is prudent to cap the total allocation at this level."

“使用上述閾值中的最低值將導致最大建議敞口為 600 美元。隨著 ETH 的增長，這一規模將逐漸擴大，但目前我們確實認為將總配置限制在這一水平是謹慎的做法。”

The proposal also hints at the platform's plans to allocate more funds to USDe, considering users' preference for USDe over sUSDe. The reported fund allocation is subject to several factors, including Morpho's money market model, transparency of collateral and exchange, and counterparty risk.

該提案還暗示，考慮到用戶對 USDe 而非 sUSDe 的偏好，該平台計劃向 USDe 分配更多資金。報告的資金分配受到多種因素的影響，包括 Morpho 的貨幣市場模型、抵押品和交易的透明度以及交易對手風險。

MakerDAO's Interest in Ethena

MakerDAO 對 Ethena 的興趣

On March 29, MakerDAO announced the deployment of a 100-million DAI Direct Deposit Module to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue via its official X blog. The move reportedly aims to enable "overcollateralized scalable liquidity for users interested in increasing their exposure to Ethena's assets."

3 月 29 日，MakerDAO 透過其官方 X 部落格宣佈在 Morpho Blue 上的 Spark sUSDe/DAI 和 USDe/DAI 市場部署 1 億 DAI 直接存款模組。據報道，此舉旨在「為有興趣增加 Ethena 資產敞口的用戶提供超額抵押的可擴展流動性」。

In related news, Ethena's ENA token was recently featured on Binance Launchpool, allowing users to farm ENA. With an initial supply of 1,425,000,000 ENA, Binance has allocated 300,000,000 ENA, representing 2% of the maximum supply of 15,000,000,000 tokens, as rewards for the Launchpool token.

在相關新聞中，Ethena 的 ENA 代幣最近在 Binance Launchpool 上亮相，允許用戶挖礦 ENA。初始供應量為 1,425,000,000 ENA，幣安已分配 300,000,000 ENA，相當於最大供應量 15,000,000,000 枚代幣的 2%，作為 Launchpool 代幣的獎勵。

Implications and Conclusion

影響和結論

MakerDAO's strategic investment in Ethena represents a significant vote of confidence in the project's growth potential. The influx of capital and liquidity is expected to bolster Ethena's position in the DeFi landscape, potentially attracting more users and developers to its ecosystem.

MakerDAO 對 Ethena 的策略投資代表了對該專案成長潛力的重要信任票。資本和流動性的湧入預計將增強 Ethena 在 DeFi 領域的地位，並有可能吸引更多用戶和開發者加入其生態系統。

As Ethena continues to gain traction, it remains to be seen how MakerDAO's involvement will shape the project's future trajectory. However, the collaboration between the two entities signals a growing convergence between traditional finance and decentralized finance, with MakerDAO's stablecoin, DAI, playing a pivotal role in bridging the gap.

隨著 Ethena 繼續受到關注，MakerDAO 的參與將如何塑造該計畫的未來軌跡還有待觀察。然而，這兩個實體之間的合作標誌著傳統金融和去中心化金融之間的日益融合，而 MakerDAO 的穩定幣 DAI 在彌合差距方面發揮關鍵作用。