以太坊基金會在Defi中的作用：支持與基礎設施發展之間的平衡行為

以太坊基金會（EF）是區塊鏈行業中最有影響力的組織之一，負責以太坊的持續發展和進步，以太坊（通過市值通過市值，世界第二大加密貨幣。

The Ethereum Foundation (EF) is one of the most influential organizations in the blockchain industry, responsible for the continued development and advancement of Ethereum, the world’s second-largest cryptocurrency by market capitalization. Over the years, Ethereum has become the backbone of decentralized finance (DeFi), a rapidly growing sector that enables users to engage in financial activities such as lending, borrowing, trading, and staking—all without relying on traditional banks or financial institutions.

以太坊基金會（EF）是區塊鏈行業中最有影響力的組織之一，負責以太坊的持續發展和進步，以太坊（通過市值通過市值，世界第二大加密貨幣。多年來，以太坊已成為分散財務（DEFI）的骨幹，這是一個快速增長的行業，使用戶能夠從事貸款，借貸，交易和積累等財務活動，而無需依靠傳統銀行或金融機構。

Despite the success of DeFi, some industry leaders, including Kain Warwick, the founder of Synthetix and a pioneer of yield farming, have criticized the Ethereum Foundation for allegedly neglecting DeFi. Warwick has argued that while DeFi has played a crucial role in sustaining the Ethereum network, the foundation has failed to provide it with adequate support.

儘管Defi取得了成功，但一些行業領導人，包括Synthetix的創始人Kain Warwick，也是產量農業的先驅，批評以太坊基金會據稱忽略了Defi。沃里克（Warwick）認為，儘管迪迪（Defi）在維持以太坊網絡方面發揮了至關重要的作用，但基金會未能為其提供足夠的支持。

This article explores the controversy surrounding the Ethereum Foundation’s approach to DeFi, Warwick’s criticism, and Vitalik Buterin’s response.

本文探討了圍繞以太坊基金會對Defi的方法的爭議，沃里克的批評以及Vitalik Buterin的回應。

Kain Warwick’s Accusations Against the Ethereum Foundation

凱恩·沃里克（Kain Warwick）對以太坊基金會的指控

Kain Warwick has been vocal about his belief that the Ethereum Foundation has not given DeFi the attention and support it deserves. Yield farming, a concept popularized by Warwick’s Synthetix and other DeFi protocols, has driven significant adoption and liquidity within the Ethereum ecosystem. By offering high returns to users who provide liquidity to decentralized platforms, yield farming has attracted millions of participants and billions of dollars in total value locked (TVL).

凱恩·沃里克（Kain Warwick）對他的信念表示，以太坊基金會沒有給予應有的關注和支持。產量耕作是由沃里克（Warwick）的Synthetix和其他Defi協議普及的概念，它促進了以太坊生態系統中的大量採用和流動性。通過向為分散平台提供流動性的用戶提供高收益，產量耕作吸引了數百萬參與者和數十億美元的總價值鎖定（TVL）。

Warwick’s primary grievance is that, despite DeFi’s role in sustaining the Ethereum blockchain, the Ethereum Foundation has not prioritized its growth. Instead, he claims that the foundation has focused on other aspects of Ethereum’s development, such as scalability improvements and Ethereum 2.0, while largely ignoring DeFi’s needs.

沃里克（Warwick）的主要申訴是，儘管Defi在維持​​以太坊區塊鏈中的作用，但以太坊基金會並未將其增長放在首位。取而代之的是，他聲稱該基金會專注於以太坊開發的其他方面，例如可伸縮性提高和以太坊2.0，而在很大程度上忽略了Defi的需求。

His criticism suggests that without DeFi, Ethereum would not have seen such rapid growth over the past few years. Many DeFi applications rely on Ethereum’s smart contract functionality, making them integral to the network’s success. Warwick believes that the Ethereum Foundation should recognize this and allocate more resources toward supporting DeFi initiatives.

他的批評表明，在過去的幾年中，如果沒有Defi，以太坊不會看到如此迅速的增長。許多DEFI應用程序都依賴以太坊的智能合同功能，使其成為網絡成功不可或缺的一部分。沃里克（Warwick）認為，以太坊基金會應該認識到這一點，並為支持Defi計劃分配更多資源。

The Ethereum Foundation’s Stance on DeFi

以太坊基金會對Defi的立場

The Ethereum Foundation has traditionally maintained a neutral stance on specific applications built on Ethereum. Instead of favoring any particular sector, such as DeFi, the foundation has focused on broader issues, such as security, scalability, and Ethereum’s transition to proof-of-stake (PoS).

傳統上，以太坊基金會對基於以太坊的特定應用保持了中立的立場。該基金會不喜歡任何特定部門（例如Defi），而是集中在更廣泛的問題上，例如安全性，可伸縮性和以太坊向股份證明（POS）的過渡（POS）。

Vitalik Buterin, the co-founder of Ethereum, responded to Warwick’s criticism by addressing concerns about an alleged anti-DeFi bias within the foundation. Buterin rejected the idea that the Ethereum Foundation is neglecting DeFi, arguing that applications built on Ethereum need to be sustainable in the long run.

以太坊的聯合創始人維塔利克·布特林（Vitalik Buterin）通過解決對基金會中涉嫌反對偏見的擔憂來回應沃里克的批評。 Buterin拒絕以太坊基金會忽略Defi的想法，認為基於以太坊的申請從長遠來看需要可持續。

His response suggests that while DeFi has been a major driving force behind Ethereum’s adoption, not all DeFi projects are viable in the long term. Many yield farming schemes have been criticized for their unsustainable economic models, with some projects collapsing after offering excessively high rewards that were impossible to maintain.

他的回應表明，儘管Defi一直是以太坊採用的主要推動力，但並非所有DEFI項目在長期內都是可行的。許多產量農業計劃因其不可持續的經濟模式而受到批評，其中一些項目在提供了無法維持的過高的獎勵之後崩潰了。

Buterin emphasized that for Ethereum to remain a strong and decentralized network, it must support applications that are built on sustainable principles. He also revealed that he is a regular user of decentralized exchanges (DEXs), which further reinforces his support for DeFi as a whole.

Buterin強調，要使以太坊保持強大而分散的網絡，它必須支持建立在可持續原則的應用程序。他還透露，他是分散交流（DEX）的常規用戶，這進一步增強了對整個Fefi的支持。

Why the Ethereum Foundation Has Focused on Other Priorities

為什麼以太坊基金會專注於其他優先事項

One of the main reasons the Ethereum Foundation does not directly favor DeFi is that it is primarily concerned with the fundamental infrastructure of the Ethereum network. Rather than backing specific projects or industries, the foundation has dedicated its resources to improving the network’s scalability, security, and efficiency.

以太坊基金會不直接偏愛Defi的主要原因之一是它主要關注以太坊網絡的基本基礎設施。該基金會並沒有支持特定的項目或行業，而是將其資源致力於提高網絡的可擴展性，安全性和效率。

Several key initiatives have occupied the Ethereum Foundation’s focus in recent years:

近年來，幾項關鍵舉措佔據了以太坊基金會的重點：

These priorities reflect the foundation’s long-term vision for Ethereum as a robust and scalable platform rather than a network that caters solely to DeFi.

這些優先事項反映了基金會對以太坊的長期願景，這是一個強大而可擴展的平台，而不是僅適應Defi的網絡。

The Evolution of DeFi on Ethereum

Defi在以太坊上的演變

Despite the Ethereum Foundation’s perceived lack of direct support, DeFi has continued to thrive. Since the launch of major DeFi protocols like Uniswap, Aave, MakerDAO, and Synthetix, decentralized finance has grown into a multi-billion-dollar industry.

儘管以太坊基金會認為缺乏直接支持，但Defi仍在繼續蓬勃發展。自從啟動了諸如Uniswap，Aave，Makerdao和Synthetix之類的主要DEFI協議以來，分散的財務已發展為數十億美元的行業。

Ethereum’s smart contract capabilities have enabled a wide range of financial applications, including:

以太坊的智能合同功能已實現了廣泛的財務應用程序，包括：

While DeFi has introduced numerous innovations, it has also faced challenges, including security vulnerabilities, regulatory scrutiny, and concerns over sustainability. Some projects have collapsed due to exploits, rug pulls, or flawed tokenomics.

儘管Defi引入了許多創新，但它還面臨著挑戰，包括安全漏洞，監管審查以及對可持續性的擔憂。一些項目由於漏洞，地毯拉或有缺陷的令牌學而崩潰了。

Vitalik Buterin’s Perspective on DeFi Sustainability

Vitalik Buterin對Defi可持續性的看法

Vitalik Buterin’s response to Warwick’s accusations highlights a key issue: the sustainability of DeFi. While DeFi has generated immense value and innovation, not all projects within the sector have been built to last. Many yield farming schemes, for example, rely on unsustainable high rewards to attract users, leading to crashes when the incentives dry up.

維塔利克·布特林（Vitalik Buterin）對沃里克（Warwick）的指控的回應突出了一個關鍵問題：Defi的可持續性。儘管DEFI產生了巨大的價值和創新，但並非該部門內的所有項目都持續下去。例如，許多產生農業計劃依靠不可持續的高獎勵來吸引用戶，從而導致激勵措施枯竭時崩潰。

Buterin’s remarks suggest that the Ethereum Foundation wants to see DeFi projects that prioritize long-term growth rather than short-term profits. His acknowledgment of decentralized exchanges as a frequent user indicates that he supports DeFi but believes it must evolve beyond speculative yield farming models.

布特林的講話表明，以太坊基金會希望看到優先考慮長期增長而不是短期利潤的defi項目。他承認分散交易所作為經常用戶表明他支持DEFI，但認為它必須超越投機性養殖模型。

The Future of Ethereum

以太坊的未來