Ethena Labs 在比特币支持下提振 USDe 合成美元

Ethena Labs 已将比特币作为其 USDe 合成美元的支持资产，旨在提高可扩展性和安全性。此举回应了交易者对比特币相对于基于以太坊的衍生品日益增长的兴趣，并利用了比特币卓越的流动性和对冲优势。通过添加比特币，USDe 的容量预计将增加 2.5 倍以上，反映了有利于比特币交易的更广泛的市场趋势。

Ethena Labs Adopts Bitcoin as Backing Asset for Synthetic Dollar, USDe

Ethena Labs 采用比特币作为合成美元 USDe 的支持资产

[City, Date] - In a strategic move to enhance scalability and safety, Ethena Labs has announced the inclusion of Bitcoin (BTC) as a backing asset for its USDe synthetic dollar. This decision aligns with the growing interest in Bitcoin among traders and reflects a broader market trend favoring Bitcoin trades.

[城市，日期] - 为了增强可扩展性和安全性，Ethena Labs 宣布将比特币 (BTC) 作为其 USDe 合成美元的支持资产。这一决定符合交易者对比特币日益增长的兴趣，并反映了有利于比特币交易的更广泛的市场趋势。

Previously, USDe solely relied on Ether (ETH) liquid staking tokens for collateral. The shift to include Bitcoin aims to leverage its superior liquidity, hedging benefits, and duration profile for delta hedging.

此前，USDe 仅依赖以太坊（ETH）流动质押代币作为抵押品。将比特币纳入其中的目的是利用其卓越的流动性、对冲优势和 Delta 对冲久期特征。

Bitcoin's Surging Popularity Drives Strategic Pivot

比特币的飙升推动战略转向

Bitcoin's open interest has witnessed a remarkable 150% surge in the past year, reaching $25 billion. This growth has significantly exceeded Ether's 100% growth in open interest, which currently stands at $10 billion. The contrasting demand dynamics between Bitcoin and Ether have influenced Ethena's strategic pivot.

比特币的未平仓头寸在过去一年大幅增长了 150%，达到 250 亿美元。这一增长大大超过了以太坊未平仓合约 100% 的增长，目前未平仓合约为 100 亿美元。比特币和以太币之间截然不同的需求动态影响了 Ethena 的战略支点。

Bitcoin's robust market performance, with its price currently hovering around $68,026 and marking a 3.3% increase in the past 24 hours, further supports Ethena's decision to incorporate Bitcoin as a backing asset for USDe.

比特币强劲的市场表现，目前价格徘徊在 68,026 美元左右，在过去 24 小时内上涨了 3.3%，进一步支持了 Ethena 将比特币作为 USDe 支持资产的决定。

Partnership with Ceffu Enhances Off-Exchange Settlement and Liquidity

与 Ceffu 的合作增强了场外结算和流动性

To enhance off-exchange settlement and liquidity, Ethena Labs has entered into a partnership with Ceffu. This collaboration has integrated Ceffu's MirrorX solution with the Binance Exchange since Ethena's public launch in February 2024.

为了增强场外结算和流动性，Ethena Labs 与 Ceffu 建立了合作伙伴关系。自 2024 年 2 月 Ethena 公开发布以来，此次合作已将 Ceffu 的 MirrorX 解决方案与币安交易所集成。

Through MirrorX, institutional clients like Ethena gain the advantage of frequent derivatives position settlements. Additionally, it broadens access to a comprehensive range of products and markets on Binance, further enhancing liquidity and market reach for USDe.

通过 MirrorX，Ethena 等机构客户可以获得频繁的衍生品头寸结算的优势。此外，它还拓宽了币安上各种产品和市场的准入，进一步增强了 USDe 的流动性和市场覆盖范围。

Bolstering Market Safety and Scalability

增强市场安全性和可扩展性

The decision to back USDe with Bitcoin is driven by Ethena Labs' commitment to fostering a more robust and secure trading environment. As the protocol approaches a $10 billion scale, the Bitcoin backing provides stronger support for USDe, which currently stands at approximately $2 billion.

Ethena Labs 致力于打造更强大、更安全的交易环境，因此决定用比特币支持 USDe。随着协议规模接近 100 亿美元，比特币的支持为 USDe 提供了更强有力的支持，目前 USDe 的规模约为 20 亿美元。

This strategic move is expected to significantly increase USDe's scalability and safety for users, reinforcing its position in the synthetic dollar market.

这一战略举措预计将显着提高 USDe 的可扩展性和用户的安全性，从而巩固其在合成美元市场的地位。

Comments from Key Executives

主要管理人员的评论

Guy Young, CEO of Ethena Labs, expressed the company's optimism about the partnership with Ceffu and the role it will play in enhancing off-exchange settlements.

Ethena Labs 首席执行官 Guy Young 表达了该公司对与 Ceffu 的合作及其在加强场外结算方面所发挥的作用的乐观态度。

"We are excited to collaborate with Ceffu to improve the efficiency of our derivatives position settlements and access a wider range of liquidity," said Young.

Young 表示：“我们很高兴与 Ceffu 合作，提高我们的衍生品头寸结算效率并获得更广泛的流动性。”

Ian Loh, EVP of Ceffu, emphasized the added value of MirrorX in optimizing capital allocation and reducing exposure on Binance.

Ceffu 执行副总裁 Ian Loh 强调了 MirrorX 在优化资本配置和减少币安风险敞口方面的附加值。

"Our MirrorX solution provides a unique opportunity for institutional clients to enhance their trading strategies by improving capital allocation and reducing exposure," said Loh.

Loh 表示：“我们的 MirrorX 解决方案为机构客户提供了独特的机会，通过改善资本配置和减少风险敞口来增强其交易策略。”

Conclusion

结论

Ethena Labs' decision to back USDe with Bitcoin aligns with the evolving preference for Bitcoin among traders and reflects a broader market trend. The partnership with Ceffu further strengthens USDe's market position and enhances liquidity and safety for users. As the synthetic dollar market continues to grow, Ethena Labs' strategic pivot and focus on innovation position USDe as a leader in this evolving landscape.

Ethena Labs 用比特币支持 USDe 的决定符合交易者对比特币不断变化的偏好，并反映了更广泛的市场趋势。与 Ceffu 的合作进一步增强了 USDe 的市场地位，并增强了用户的流动性和安全性。随着合成美元市场的持续增长，Ethena Labs 的战略重点和对创新的关注使 USDe 成为这一不断发展的领域的领导者。