Badger Finance 着眼于通过新型比特币借贷协议 eBTC 实现复苏

Badger Finance 推出了 eBTC，这是一种新颖的零利率比特币借贷协议。利用 Lido 的 stETH，用户可以抵押以太坊来借用与比特币挂钩的有收益的稳定币。这种独特的机制由安全审计和合作伙伴支持，旨在增强用户能力并推动 DeFi 生态系统内的创新。

Will Badger Finance Regain Its Footing with eBTC?

Badger Finance 会通过 eBTC 重新站稳脚跟吗？

Badger Finance is making a bold move with the launch of eBTC, a Bitcoin lending protocol offering 0% interest. Effective March 26, 2024, the protocol leverages stETH from Lido, allowing users to borrow a yield-bearing Bitcoin-pegged stablecoin using ETH as collateral.

Badger Finance 正在采取大胆举措，推出 eBTC，这是一种提供 0% 利息的比特币借贷协议。该协议自 2024 年 3 月 26 日起生效，利用 Lido 的 stETH，允许用户使用 ETH 作为抵押品借入与比特币挂钩的有收益的稳定币。

0% Interest, No Fees? What's the Catch?

0% 利息，无费用？有什么问题？

Deposit Ethereum tokens in various forms and qualify for eBTC at 0% interest. No initiation fees or repayment fees apply. However, a 110% collateralization threshold ensures users don't get liquidated.

以各种形式存入以太坊代币，即可享受 0% 利息的 eBTC。不收取启动费或还款费。然而，110% 的抵押门槛可确保用户不会被清算。

Badger claims this sets them apart from traditional DeFi lending protocols, encouraging users to deposit Ethereum and borrow eBTC. Lido's Liquidity Observation Lab is offering 15 stETH as incentives to early adopters over one month, airdropped to users. DeFiYaco, Business Development Lead at LidoDAO, commends the development for introducing exceptional use cases for stETH.

Badger 声称这将它们与传统的 DeFi 借贷协议区分开来，鼓励用户存入以太坊并借入 eBTC。 Lido 的流动性观察实验室将在一个月内向早期采用者提供 15 stETH 作为奖励，空投给用户。 LidoDAO 业务开发主管 DeFiYaco 对引入 stETH 特殊用例的开发表示赞赏。

Lido's Powerhouse Role

丽都的重要角色

Partnering with Lido, with its massive $35.5 billion TVL and dominance as a liquid staking provider, gives Badger access to 30.3% of Ether's supply. This collaboration provides a capital-efficient borrowing option for Bitcoin on Ethereum.

与 Lido 合作，Lido 拥有 355 亿美元的巨额 TVL 和作为流动性质押提供商的主导地位，使 Badger 能够获得 30.3% 的以太币供应。此次合作为以太坊上的比特币提供了一种资本高效的借贷选择。

Badger's Redemption Story

獾的救赎故事

Badger has faced setbacks, with its TVL plummeting from $1.2 billion to $23.3 million after a front-end attack in 2021. Competition from other crypto lending platforms added to their woes.

Badger 遭遇了挫折，在 2021 年遭受前端攻击后，其 TVL 从 12 亿美元暴跌至 2330 万美元。来自其他加密借贷平台的竞争加剧了他们的困境。

eBTC: A Reckoning of Sorts

eBTC：各种清算

Badger acknowledges these challenges but emphasizes the security measures taken for eBTC, including partnerships with five security companies. Multiple smart contract audits, economic risk assessments, and a pre-launch bug bounty demonstrate their commitment to safety.

Badger 承认这些挑战，但强调了 eBTC 采取的安全措施，包括与五家安全公司的合作。多次智能合约审计、经济风险评估和发布前的错误赏金证明了他们对安全的承诺。

A Novel Lending Model

新颖的借贷模式

The 0% interest Bitcoin lending model is gaining traction, allowing eBTC to generate staking yield and eliminate traditional DeFi lending mechanisms.

0% 利息的比特币借贷模式越来越受欢迎，使 eBTC 能够产生质押收益并消除传统的 DeFi 借贷机制。

A Time for Redemption

救赎的时刻

Once a leader in the industry, Badger has experienced setbacks but is poised for redemption with eBTC. Partnering with Lido, implementing security measures, and offering 0% interest could be the catalyst for a resurgence in Badger's fortunes.

Badger 曾经是行业的领导者，也曾经历过挫折，但现在已经准备好通过 eBTC 进行救赎。与 Lido 合作、实施安全措施并提供 0% 的利息可能会成为 Badger 财富复苏的催化剂。