PI協議：一種創新的嘗試屈服穩定的嘗試

PI協議是一種新興的Stablecoin協議，旨在通過創新的產量設計來挑戰現有的Stablecoin市場。它的核心產品是USP Stablecoin。

With the election of US President Trump, the stablecoin sector has seen a boom. Within days of taking office, Trump issued an executive order to promote the adoption of dollar-backed stablecoins, while Congress is drafting a bill to provide a regulatory framework for stablecoins in the US. Major financial companies like PayPal and numerous crypto enterprises are issuing stablecoins.

隨著美國總統特朗普的當選，斯塔布萊幣部門的繁榮。上任的幾天之內，特朗普發布了一項行政命令，以促進通過美元支持的穩定幣，而國會正在起草一項法案，以為美國的Stablecoins提供監管框架。 PayPal和眾多加密企業等主要金融公司正在發行Stablecoins。

Recently, according to a Bloomberg report, Reeve Collins, one of the original co-founders of Tether, is launching a yield-bearing stablecoin project called Pi Protocol, which will provide holders with potential earnings from tokenized real-world assets.

最近，根據彭博社的一份報告，Tether的最初聯合創始人Reeve Collins正在啟動一個名為PI Protocal的承重的Stablecoin項目，該項目將為持有者提供代幣化現實世界中的潛在收益。

According to the Pi Protocol official X platform, Pi was originally named TreasuryX and was officially established last year, recently undergoing a complete rebranding and repositioning. Pi plans to launch its first yield-bearing stablecoin, USP, on Ethereum or Solana in the second half of 2023.

根據PI協議官方X平台的說法，PI最初被任命為TeareAryx，並於去年正式成立，最近經歷了一個完整的重塑和重新定位。 PI計劃在2023年下半年在以太坊或Solana上推出首個承重的Stablecoin USP。

Innovative Attempts at Yield-Bearing Stablecoins

創新的嘗試屈服穩定的嘗試

Pi Protocol is an emerging stablecoin protocol that aims to disrupt the existing stablecoin market with innovative yield-bearing designs. Its core product is the USP stablecoin, which differs from traditional stablecoins like USDT and USDC in that the asset earnings are directly distributed to USP holders via the USI token, whereas issuers of USDT and USDC currently retain these earnings. This model not only attracts yield-sensitive users but may also drive the transition of stablecoins from mere "value anchoring tools" to "investment tools."

PI協議是一種新興的Stablecoin協議，旨在用創新的屈服設計破壞現有的Stablecoin市場。它的核心產品是USP Stablecoin，它與USDT和USDC（USDC）的傳統穩定股不同，因為資產收益直接通過USI代幣直接分發給USP持有人，而USDT和USDC的發行人當前保留這些收入。該模型不僅吸引了對產量敏感的用戶，而且還可能會推動穩定幣從單純的“價值錨定工具”到“投資工具”的過渡。

Pi Protocol plans to operate on the Ethereum and Solana blockchains, utilizing smart contracts to ensure efficient transactions and ecological compatibility. Additionally, the project will introduce governance tokens, allowing the community to participate in the decision-making process, enhancing the transparency and engagement of decentralized governance.

PI協議計劃利用智能合約來確保有效的交易和生態兼容性，以在以太坊和Solana區塊鏈上進行操作。此外，該項目將引入治理令牌，使社區能夠參與決策過程，從而提高分散治理的透明度和參與。

Specifically, Pi will use smart contracts to assess the value of collateral and execute over-collateralization rates, minting its USP stablecoin. As a reward, minters will receive another token, USI, as earnings.

具體而言，PI將使用智能合約來評估抵押品的價值和執行過度的合併率，從而造成其USP Stablecoin。作為獎勵，Minters將獲得另一個令牌USI作為收入。

Pi will be governed by the governance token USPi, whose holders will benefit from platform revenues derived from minting stablecoins and other sources. Users of this token will be able to vote on decisions such as setting risk parameters, adjusting collateral policies, and distributing protocol revenues. The team and advisors will receive 25% of the governance token supply. It is reported that the team is conducting a presale of the governance tokens.

PI將受到治理令牌USPI的管轄，其持有人將受益於從鑄造穩定劑和其他來源獲得的平台收入。該代幣的用戶將能夠對諸如設定風險參數，調整抵押策略和分配協議收入等決策等決策進行投票。團隊和顧問將獲得治理令牌供應的25％。據報導，該團隊正在進行治理令牌的預售。

Founder Collins himself stated, "Pi Protocol is the evolution of stablecoins."

創始人柯林斯本人說：“ PI方案是Stablecoins的演變。”

Team Introduction

團隊介紹

Reeve Collins is the founder and chairman of Pi Protocol, and he is a serial entrepreneur in the crypto space. He co-founded Tether in 2013 and served as its first CEO until 2015. Collins is also one of the inventors of stablecoins; during his tenure at Tether, he publicly collaborated with co-founders Brock Pierce and Craig Sellars on innovations related to stablecoins.

里夫·柯林斯（Reeve Collins）是PI協議的創始人兼董事長，他是加密貨幣領域的連續企業家。他於2013年與他人共同創立了Tether，並在2015年擔任首位首席執行官。Collins也是Stablecoins的發明者之一。在Tether任職期間，他與聯合創始人Brock Pierce和Craig Sellars公開合作，從事與Stablecoins有關的創新。

After leaving Tether, he founded BLOCKv (focused on NFT platforms, which raised $22 million in an ICO in 2017), SmartMedia Technologies (an enterprise-level Web3 platform), and the decentralized currency market protocol WeFi.

離開Tether後，他建立了BlockV（專注於NFT平台，該平台在2017年在ICO中籌集了2200萬美元），SmartMedia Technologies（企業級Web3平台）和分散的貨幣市場協議WEFI。

Bundeep Singh Rangar is the CEO of Pi Protocol, having previously founded the TradFi network InsurTech and worked on the listing of the first DeFi ETP.

Bundeep Singh Rangar是PI協議的首席執行官，此前曾創立了TradFi Network Insurtech，並在第一個Defi ETP的列表中工作。

Roadmap

路線圖

According to publicly available official information, Pi Protocol's future plans include the following aspects:

根據公開可用的官方信息，PI協議的未來計劃包括以下方面：