DeFi 巨头的冲突：Aave 和 MakerDAO 争夺 Web3 的主导地位

在Web3的崛起过程中，AAVE和MakerDAO之间在市场风险管理方面出现了冲突。据称，AAVE 的前合作伙伴 Gauntlet 一直在为这两个平台提供服务，导致 AAVE 决定终止其合同。冲突的焦点在于利率设定和抵押实践的差异，Aave 依赖于利用率，而 MakerDAO 使用抵押比率和 DAI 稳定币。

Aave and MakerDAO: A Clash of DeFi Titans Amid Web3's Rise

Aave 和 MakerDAO：Web3 崛起期间 DeFi 巨头的冲突

As the burgeoning Web3 landscape continues to evolve, a bitter rivalry has erupted between two titans of decentralized finance (DeFi): Aave and MakerDAO. The catalyst for this escalating conflict centers around Gauntlet, a market risk manager for Aave, which has allegedly been operating on both sides of the fence, providing services to Aave's direct competitor, MakerDAO.

随着新兴的 Web3 格局的不断发展，去中心化金融 (DeFi) 的两大巨头 Aave 和 MakerDAO 之间爆发了激烈的竞争。这场不断升级的冲突的催化剂围绕着 Aave 的市场风险经理 Gauntlet，据称该公司一直在栅栏两侧运营，为 Aave 的直接竞争对手 MakerDAO 提供服务。

Divergent Lending Models Fuel Tension

不同的贷款模式加剧紧张局势

At the heart of the feud lies a fundamental difference in lending models. Aave's interest rates fluctuate based on the utilization rate of its crypto assets, while MakerDAO's rates are set by its MKR investors. Additionally, MakerDAO utilizes DAI as its primary collateral, whereas Aave accepts a wider array of crypto assets for borrowing. Aave also employs liquidators to settle debt positions in cases of under-collateralization, while MakerDAO relies on a collateral ratio, automatically liquidating funds if the ratio falls below a predetermined threshold.

分歧的核心在于贷款模式的根本差异。 Aave 的利率根据其加密资产的利用率而波动，而 MakerDAO 的利率则由其 MKR 投资者设定。此外，MakerDAO 使用 DAI 作为其主要抵押品，而 Aave 接受更广泛的加密资产进行借贷。 Aave 还聘请清算人在抵押不足的情况下结算债务头寸，而 MakerDAO 则依赖抵押比率，如果该比率低于预定阈值，则会自动清算资金。

Escalating Tensions: Airdrop Exclusion and LTV Dispute

紧张局势升级：空投排除和 LTV 争议

In March 2023, Aave's community airdrop was closed to users of Morpho Aave, a protocol built on top of Aave that some DAO members perceived as a threat to the flagship protocol. In response, Marc Zeller, the creator of the Aave Chain Initiative, proposed a 0% loan-to-value (LTV) ratio for MakerDAO's DAI stablecoin. This move, if implemented, would effectively split the market by preventing users from using DAI as collateral.

2023 年 3 月，Aave 的社区空投对 Morpho Aave 的用户关闭，Morpho Aave 是一个建立在 Aave 之上的协议，一些 DAO 成员认为该协议对旗舰协议构成威胁。作为回应，Aave Chain Initiative 的创始人 Marc Zeller 提议为 MakerDAO 的 DAI 稳定币提供 0% 的贷款价值 (LTV) 比率。此举如果实施，将阻止用户使用 DAI 作为抵押品，从而有效分割市场。

Gauntlet's Ambiguous Role and Protocol Embassy Proposal

Gauntlet 的模糊角色和礼宾使馆提案

Zeller has also expressed reservations about Gauntlet's continued involvement with MakerDAO, suggesting that it is unnecessary for Aave. He advocates for a "protocol embassy" that would allow the DAO to explore collaborations with other protocols. On the MakerDAO side, a proposal has been initiated to partition Maker's balance sheet into USDe and sUSDe tokens, provided by Ethena, a stablecoin issuer.

Zeller 还对 Gauntlet 继续参与 MakerDAO 表示保留，认为 Aave 没有必要。他主张建立一个“协议大使馆”，允许 DAO 探索与其他协议的合作。在 MakerDAO 方面，已发起一项提案，将 Maker 的资产负债表划分为 USDe 和 sUSDe 代币，由稳定币发行人 Ethena 提供。

Emerging Alliances and Governance Concerns

新兴联盟和治理问题

Spark, a lending protocol that originated as a fork of Aave, has recently forged a relationship with Morpho, the target of Aave's non-alignment efforts. This alliance could potentially facilitate the allocation of DAI tokens. Zeller has also criticized MakerDAO's management practices and lack of monitoring, expressing his concerns on the social media platform X. Meanwhile, AAVE founder Stani Kulechov has endorsed the proposal to eliminate DAI from all Aave markets.

Spark 是一种借贷协议，起源于 Aave 的一个分支，最近与 Aave 不结盟努力的目标 Morpho 建立了关系。该联盟可能会促进 DAI 代币的分配。 Zeller 还批评了 MakerDAO 的管理实践和缺乏监控，并在社交媒体平台 X 上表达了他的担忧。同时，AAVE 创始人 Stani Kulechov 已支持从所有 Aave 市场消除 DAI 的提议。

Industry Voices Sound Alarm

行业声音声音警报

The growing rift between Aave and MakerDAO has raised concerns among industry observers. Sam MacPherson, CEO of Phoenix Labs, a Spark contributor, has voiced his apprehensions about the Aave DAO's plan to set DAI's LTV ratio to 0%. Matt Fiebach, a research analyst at Blockworks, has expressed disappointment over the fragmentation of the DeFi landscape into siloed ecosystems.

Aave 和 MakerDAO 之间日益扩大的分歧引起了行业观察人士的担忧。 Spark 贡献者、Phoenix Labs 首席执行官 Sam MacPherson 表达了他对 Aave DAO 计划将 DAI 的 LTV 比率设置为 0% 的担忧。 Blockworks 研究分析师 Matt Fiebach 对 DeFi 格局碎片化为孤立的生态系统表示失望。

Conclusion

结论

The ongoing feud between Aave and MakerDAO epitomizes the growing pains of the Web3 ecosystem as it grapples with competition, divergent ideologies, and governance challenges. As the industry matures, it remains to be seen whether these DeFi powerhouses will find common ground or continue to escalate their rivalry, potentially hindering the broader adoption and growth of the Web3 landscape.

Aave 和 MakerDAO 之间持续不断的不和体现了 Web3 生态系统在应对竞争、意识形态分歧和治理挑战时所面临的成长烦恼。随着行业的成熟，这些 DeFi 巨头是否会找到共同点，还是继续加剧竞争，从而可能阻碍 Web3 领域的更广泛采用和增长，还有待观察。