dYdX 重组运营以适应监管环境

为了应对美国当局加强的监管审查，去中心化交易所 dYdX 已启动重组程序，在开曼群岛设立法人实体。通过社区公投，90% 的参与者支持这一举措，将 dYdX 运营信托转变为 dYdX 基金会，一个位于开曼群岛的独立实体。这种积极主动的方法旨在确保平台及其贡献者免受潜在的法律挑战，突显该行业对应对不断变化的监管环境的承诺。

dYdX Reorganizes Operations to Navigate Regulatory Landscape

dYdX 重组运营以适应监管环境

dYdX, a decentralized crypto exchange, has unveiled plans to establish a legal entity in the Cayman Islands as part of a strategic restructuring. This move comes amidst intensifying regulatory scrutiny by United States authorities towards decentralized finance (DeFi) protocols.

作为战略重组的一部分，去中心化加密货币交易所 dYdX 公布了在开曼群岛建立法人实体的计划。此举正值美国当局加强对去中心化金融（DeFi）协议的监管审查之际。

Community-Endorsed Restructuring

社区认可的重组

The decision to relocate a portion of dYdX's operations to the Cayman Islands was overwhelmingly supported by the community through a referendum, with over 90% of participants voting in favor. The restructuring involves transforming the dYdX Operation Trust (DOT) into a new organization known as the dYdX Foundation, which will be domiciled in the Cayman Islands.

将 dYdX 的部分业务迁至开曼群岛的决定通过全民投票得到了社区的压倒性支持，超过 90% 的参与者投了赞成票。此次重组涉及将 dYdX 运营信托 (DOT) 转变为一个名为 dYdX 基金会的新组织，该组织将设在开曼群岛。

This initiative underscores the community's commitment to adapting to the evolving and increasingly complex regulatory environment surrounding cryptocurrencies and DeFi platforms.

这一举措强调了社区致力于适应加密货币和 DeFi 平台不断发展且日益复杂的监管环境。

The Cayman Islands: A Crypto-Friendly Destination

开曼群岛：加密货币友好的目的地

The Cayman Islands has gained recognition for its favorable approach towards digital assets and blockchain-based businesses. The British territory's lax regulatory climate has made it an attractive destination for crypto companies seeking to avoid stringent regulation elsewhere.

开曼群岛因其对数字资产和基于区块链的业务的有利态度而获得认可。英国领土宽松的监管环境使其成为寻求避免其他地方严格监管的加密货币公司的有吸引力的目的地。

By establishing a foundation company in the Cayman Islands, dYdX will gain the status of a separate legal entity, thereby shielding the personal assets of the organization's executives.

通过在开曼群岛设立基金会公司，dYdX 将获得独立法人实体的地位，从而保护该组织高管的个人资产。

Responding to Regulatory Pressure

应对监管压力

dYdX's move can be interpreted as a proactive response to the growing regulatory pressure faced by DeFi entities from U.S. authorities. While dYdX does not have a physical presence in the United States, the extraterritorial reach of U.S. regulations has raised concerns for many in the crypto industry. The restructuring serves as a preemptive measure to safeguard the dYdX community and its contributors from potential legal complications.

dYdX 的此举可以解读为对美国当局对 DeFi 实体面临的日益增长的监管压力的积极回应。虽然 dYdX 在美国没有实体存在，但美国法规的域外影响引起了加密行业许多人的担忧。此次重组是一项先发制人的措施，旨在保护 dYdX 社区及其贡献者免受潜在法律纠纷的影响。

The U.S. Securities and Exchange Commission (SEC) has recently targeted the DeFi sector, issuing subpoenas to platforms such as SushiSwap and settlements with ShapeShift. These actions have highlighted the potential legal challenges that DeFi projects may face, particularly in jurisdictions with stringent regulatory regimes like the United States.

美国证券交易委员会（SEC）最近瞄准了 DeFi 领域，向 SushiSwap 等平台发出传票，并与 ShapeShift 达成和解。这些行动凸显了 DeFi 项目可能面临的潜在法律挑战，特别是在美国等监管制度严格的司法管辖区。

A Proactive Approach for Sustainability

积极主动的可持续发展方法

dYdX's decision to relocate is not merely a reaction to regulatory pressures, but also a strategic move to ensure the long-term viability and sustainability of its operations. By choosing a jurisdiction that is more crypto-friendly, dYdX aims to continue fostering innovation and growth in the DeFi space, despite the prospect of increased regulation. This proactive approach may serve as a model for other DeFi projects facing similar regulatory hurdles.

dYdX 的搬迁决定不仅是对监管压力的反应，也是确保其运营的长期生存能力和可持续性的战略举措。尽管监管可能会加强，但通过选择对加密货币更加友好的司法管辖区，dYdX 的目标是继续促进 DeFi 领域的创新和增长。这种积极主动的做法可以为其他面临类似监管障碍的 DeFi 项目提供借鉴。

Impact on DYDX Token

对 DYDX 代币的影响

In the wake of the restructuring announcement, the price of the DYDX token has experienced a decline of approximately 5.25% in the last 24 hours. At press time, the token was trading at $3.23, within a range of $3.15 to $3.45.

重组公告发布后，DYDX 代币的价格在过去 24 小时内下跌了约 5.25%。截至发稿时，该代币的交易价格为 3.23 美元，区间为 3.15 美元至 3.45 美元。