Ethena Labs 通过比特币支持 USDe 稳定币，为指数级增长做好准备

Ethena Labs 计划通过将比特币作为支持资产来扩大 USDe 稳定币的规模，旨在增强其稳定性。凭借比特币的流动性，Ethena 寻求增强 USDe 的框架，利用其不断增加的未平仓合约进行 Delta 对冲。此举符合 MakerDAO 的提议，即利用 Morpho Labs 的能力向 USDe 和 sUSDe 投资 6 亿美元。比特币的加入和拟议的投资凸显了 Ethena Labs 致力于优化 USDe 的可扩展性和稳定性，增强其在 DeFi 生态系统中的作用。

Ethena Labs Supercharges USDe Stablecoin with Bitcoin's Backing, Poised for Exponential Growth

Ethena Labs 在比特币的支持下为 USDe 稳定币充值，准备实现指数级增长

Ethena Labs, a pioneering force in the decentralized finance (DeFi) realm, has unveiled a strategic move to fortify its stablecoin, USDe, by incorporating Bitcoin (BTC) as an additional backing asset. This integration marks a significant step towards enhancing USDe's stability and scalability, as the stablecoin currently boasts an impressive market capitalization of $2 billion.

Ethena Labs 是去中心化金融 (DeFi) 领域的先锋力量，推出了一项战略举措，通过将比特币 (BTC) 纳入额外的支持资产来强化其稳定币 USDe。此次整合标志着 USDe 向增强稳定性和可扩展性迈出了重要一步，因为该稳定币目前拥有 20 亿美元的令人印象深刻的市值。

Leveraging Bitcoin's Liquidity: A Catalyst for Stability

利用比特币的流动性：稳定的催化剂

By tapping into Bitcoin's vast liquidity, Ethena aims to bolster USDe's stability framework. The open interest in Bitcoin derivatives has surpassed that of Ethereum, providing enhanced scalability and liquidity for delta hedging, a crucial technique for stabilizing stablecoins.

通过利用比特币的巨大流动性，Ethena 旨在增强 USDe 的稳定性框架。比特币衍生品的未平仓合约已经超过了以太坊，为 Delta 对冲提供了增强的可扩展性和流动性，而 Delta 对冲是稳定稳定币的关键技术。

Although Bitcoin lacks a native staking yield like staked Ether (stETH), Ethena believes that such yields pale in comparison to the lucrative funding rates of over 30% prevalent in bullish markets. This current market environment presents an opportune moment to optimize USDe's scalability.

尽管比特币缺乏像质押以太坊 (stETH) 这样的原生质押收益率，但 Ethena 认为，与牛市中普遍存在的超过 30% 的利润丰厚的融资利率相比，这种收益率显得苍白无力。当前的市场环境为优化 USDe 的可扩展性提供了有利时机。

MakerDAO's Vote of Confidence: A Catalyst for Diversification

MakerDAO 的信任投票：多元化的催化剂

In a resounding endorsement of USDe's potential, MakerDAO, the decentralized autonomous organization (DAO) behind the renowned stablecoin DAI, has proposed channeling a staggering $600 million into USDe and its staked variant, sUSDe. This move underscores the growing recognition of USDe's stability and the diversification strategy employed by MakerDAO.

为了对 USDe 的潜力给予充分认可，著名稳定币 DAI 背后的去中心化自治组织 (DAO) MakerDAO 提议向 USDe 及其质押变体 sUSDe 投入高达 6 亿美元的资金。此举凸显了人们对 USDe 稳定性和 MakerDAO 所采用的多元化战略的日益认可。

A Robust Backing: Enhancing User Confidence

坚强后盾：增强用户信心

Ethena Labs firmly believes that the addition of Bitcoin as a backing asset for USDe will provide a more robust foundation, ultimately translating into enhanced safety for users. As USDe continues its trajectory towards a $10 billion market capitalization, the increased liquidity and duration profile offered by Bitcoin will further strengthen its stability.

Ethena Labs 坚信，添加比特币作为 USDe 的支持资产将为 USDe 提供更坚实的基础，最终转化为增强用户的安全性。随着 USDe 继续朝着 100 亿美元的市值迈进，比特币提供的流动性和久期特征的增加将进一步增强其稳定性。

Leveraging Bitcoin's Growing Open Interest:

利用比特币不断增长的未平仓合约：

The integration of Bitcoin into USDe aims tocapitalize on the exponential growth of Bitcoin open interest on major exchanges, a trend that has accelerated significantly over the past year. This strategic move underscores Ethena Labs' commitment to leveraging Bitcoin's liquidity and growth potential to enhance the framework of USDe.

将比特币纳入 USDe 的目的是利用主要交易所的比特币未平仓合约的指数增长，这一趋势在过去一年中显着加速。这一战略举措强调了 Ethena Labs 致力于利用比特币的流动性和增长潜力来增强 USDe 的框架。

A Commitment to Stability and Scalability:

对稳定性和可扩展性的承诺：

Ethena Labs' decision to add Bitcoin as a backing asset for USDe exemplifies their unwavering commitment to optimizing the stablecoin's scalability and stability. By leveraging Bitcoin's liquidity and growth potential, Ethena aims to provide a safer and more robust product for users as they continue to expand and optimize the scalability of USDe.

Ethena Labs 决定将比特币添加为 USDe 的支持资产，这体现了他们对优化稳定币的可扩展性和稳定性的坚定承诺。通过利用比特币的流动性和增长潜力，Ethena 旨在为用户不断扩展和优化 USDe 的可扩展性提供更安全、更强大的产品。

Poised for Growth: USDe's Ascent within the DeFi Ecosystem

蓄势待发：USDe 在 DeFi 生态系统中的崛起

The proposal by MakerDAO to invest $600 million in USDe and sUSDe through Morpho Labs reflects the growing confidence in the stablecoin's potential for growth and diversification within the DeFi ecosystem. With the integration of Bitcoin and the proposed investments from MakerDAO, USDe is poised to evolve and expand within the DeFi landscape.

MakerDAO 提议通过 Morpho Labs 向 USDe 和 sUSDe 投资 6 亿美元，这反映出人们对稳定币在 DeFi 生态系统中的增长和多元化潜力的信心不断增强。随着比特币和 MakerDAO 拟议投资的整合，USDe 有望在 DeFi 领域不断发展和扩张。

Conclusion: A New Era for USDe

结论：USDe 的新时代

Ethena Labs' decision to scale USDe by adding Bitcoin as a backing asset demonstrates their unwavering commitment to enhancing the stablecoin's stability and scalability. With the integration of Bitcoin and proposed investments from MakerDAO, USDe is poised to flourish and continue its ascendancy within the DeFi ecosystem. By leveraging Bitcoin's liquidity and growth potential, Ethena aims to provide a safer and more robust product for users as they continue to expand and optimize the scalability of USDe.

Ethena Labs 决定通过添加比特币作为支持资产来扩展 USDe，这表明了他们对增强稳定币稳定性和可扩展性的坚定承诺。随着比特币的整合和 MakerDAO 拟议的投资，USDe 有望蓬勃发展并继续在 DeFi 生态系统中占据主导地位。通过利用比特币的流动性和增长潜力，Ethena 旨在为用户不断扩展和优化 USDe 的可扩展性提供更安全、更强大的产品。