dYdX 重组为开曼群岛基金会以应对监管风暴

dYdX 运营信托 (DOT) 投票赞成过渡到开曼群岛基金会公司，以保护贡献者免受因美国 SEC 加强审查而带来的潜在法律后果。此举旨在提供一个法律框架，在发生诉讼时保护公司管理人员的个人财务。开曼群岛提供的监管环境对寻求避免像美国那样更严格监管的加密货币公司来说更加有利。

dYdX Restructures as Cayman Islands Foundation to Navigate Regulatory Uncertainties

dYdX 重组为开曼群岛基金会以应对监管不确定性

In a significant move amidst heightened scrutiny of Decentralized Finance (DeFi) protocols by U.S. regulators, the dYdX Operations Trust (DOT) has initiated plans to transition into a Cayman Islands Foundation Company. This restructuring, approved by an overwhelming majority of the dYdX community in a recent referendum, aims to shield contributors from potential legal complexities.

在美国监管机构对去中心化金融 (DeFi) 协议加强审查的背景下，dYdX Operations Trust (DOT) 启动了转型为开曼群岛基金会公司的计划，这是一项重大举措。此次重组在最近的一次全民公投中得到了 dYdX 社区绝大多数成员的批准，旨在保护贡献者免受潜在的法律复杂性的影响。

DOT to Transform into dYdX Foundation

DOT 转型为 dYdX 基金会

The transition will see the DOT transform into the dYdX Foundation, a foundation company incorporated in the Cayman Islands. This new structure will involve drafting a Memorandum and Articles of Association for the Foundation and granting effective control to the dYdX Community.

此次转型将使 DOT 转变为 dYdX 基金会，这是一家在开曼群岛注册成立的基金会公司。这一新结构将涉及起草基金会的备忘录和章程，并向 dYdX 社区授予有效控制权。

Motivations for Restructuring

重组的动机

The relocation to the Cayman Islands is primarily motivated by the increasing regulatory pressure on DeFi protocols by the U.S. Securities and Exchange Commission (SEC). Although dYdX does not operate within the United States, U.S. regulators have previously pursued crypto projects internationally.

搬迁到开曼群岛的主要原因是美国证券交易委员会（SEC）对 DeFi 协议的监管压力越来越大。尽管 dYdX 不在美国境内运营，但美国监管机构此前曾在国际上开展加密项目。

Cayman Islands' Role in Facilitating Crypto Businesses

开曼群岛在促进加密货币业务方面的作用

The Cayman Islands, a British territory, has emerged as a popular destination for crypto firms seeking more favorable regulatory environments. Its lax framework for digital assets and the legal provisions for establishing foundation companies make it an attractive option for companies seeking to avoid stricter regulations.

英国领土开曼群岛已成为寻求更有利监管环境的加密货币公司的热门目的地。其宽松的数字资产框架和成立基金会公司的法律规定使其成为寻求避免更严格监管的公司的有吸引力的选择。

Foundation Companies and Liability Protection

基金会公司和责任保护

Foundation companies in the Cayman Islands offer a "separate legal personality," safeguarding the personal finances of those managing the company from potential lawsuits. This protection has become increasingly crucial as DeFi projects face regulatory inquiries and legal threats.

开曼群岛的基金会公司提供“独立的法人资格”，保护公司管理人员的个人财务免受潜在诉讼的影响。随着 DeFi 项目面临监管调查和法律威胁，这种保护变得越来越重要。

Recent DeFi Regulatory Actions

近期 DeFi 监管行动

Recent regulatory actions by U.S. authorities have raised concerns within the DeFi community. Last year, the SEC subpoenaed SushiSwap and its key contributor, Jared Grey, fueling apprehensions about potential enforcement actions. Similarly, DeFi platform ShapeShift settled a lawsuit with U.S. securities regulators for $275,000 in March 2024.

美国当局最近的监管行动引起了 DeFi 界的担忧。去年，SEC 传唤了 SushiSwap 及其主要贡献者 Jared Grey，加剧了人们对潜在执法行动的担忧。同样，DeFi 平台 ShapeShift 于 2024 年 3 月以 275,000 美元的价格与美国证券监管机构达成和解。

Trend towards Offshore Jurisdictions

离岸司法管辖区的趋势

dYdX's move to the Cayman Islands is indicative of a growing trend within the DeFi space as companies seek more accommodating regulatory environments. This shift highlights the challenges posed by uncertain regulatory landscapes and the importance of finding jurisdictions that support the development of innovative financial technologies.

dYdX 迁往开曼群岛表明，随着公司寻求更宽松的监管环境，DeFi 领域的趋势不断增长。这一转变凸显了不确定的监管环境带来的挑战以及寻找支持创新金融技术发展的司法管辖区的重要性。

Conclusion

结论

The restructuring of dYdX into the dYdX Foundation is a strategic maneuver designed to navigate the evolving regulatory landscape for DeFi protocols. By relocating to the Cayman Islands, the protocol aims to protect contributors from potential liabilities and ensure the continued growth and development of its decentralized platform.

将 dYdX 重组为 dYdX 基金会是一项战略举措，旨在应对 DeFi 协议不断变化的监管环境。通过搬迁到开曼群岛，该协议旨在保护贡献者免受潜在责任，并确保其去中心化平台的持续增长和发展。