Ethena Labs 为 USDe 推出突破性的比特币抵押品，有望实现指数级增长

USDe 背后的团队 Ethena Labs 已添加比特币 (BTC) 作为其与美元挂钩的合成代币的抵押品。此举旨在利用比特币近期未平仓合约从 100 亿美元飙升至 2500 万美元的优势，大幅增加 USDe 的供应量，使其供应量从目前的 20 亿美元大幅增加。 BTC 的加入预计将增强 USDe 的流动性和稳健性，补充其现有的以太坊 (ETH)、Tether (USDT) 和流动质押代币抵押品。

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开创性的添加比特币抵押品ethena-labs-usde-scale-heights

Ethena Labs Embraces Bitcoin as Collateral for USDe, Unleashing Unprecedented Growth Potential

Ethena Labs 采用比特币作为 USDe 的抵押品，释放前所未有的增长潜力

In a groundbreaking move aimed at propelling significant growth, Ethena Labs has announced the addition of Bitcoin (BTC) as a collateral asset for its flagship product, USDe, a synthetic dollar-pegged stablecoin. This strategic inclusion empowers USDe to scale exponentially from its current $2 billion supply, unlocking immense potential for the DeFi ecosystem.

Ethena Labs 采取了一项旨在推动显着增长的突破性举措，宣布添加比特币 (BTC) 作为其旗舰产品 USDe（一种与美元挂钩的合成稳定币）的抵押资产。这一战略性包容性使 USDe 能够在当前 20 亿美元的供应量基础上呈指数级增长，从而释放 DeFi 生态系统的巨大潜力。

The surge in Bitcoin open interest from $10 billion to an impressive $25 billion on major crypto exchanges underscores the increasing demand for Bitcoin-backed financial instruments. Ethena Labs astutely recognized this trend and swiftly seized the opportunity to leverage Bitcoin's liquidity and stability to bolster USDe's growth prospects.

主要加密货币交易所的比特币未平仓合约从 100 亿美元飙升至令人印象深刻的 250 亿美元，突显了对比特币支持的金融工具的需求不断增长。 Ethena Labs 敏锐地认识到了这一趋势，并迅速抓住机会，利用比特币的流动性和稳定性来增强 USDe 的增长前景。

"This is a crucial unlock which will enable USDe to scale significantly from the current $2bn supply," proclaimed the Ethena Labs team via Twitter.

Ethena Labs 团队通过 Twitter 宣称：“这是一次至关重要的解锁，将使 USDe 能够在当前 20 亿美元的供应量基础上大幅扩展。”

Enhancing Liquidity and Robustness

增强流动性和稳健性

Ethena Labs' decision to incorporate Bitcoin as collateral stems from a comprehensive understanding of market dynamics and user需求. By diversifying USDe's collateral pool with Bitcoin, the team aims to enhance liquidity and provide a safer, more robust product for USDe holders.

Ethena Labs 决定将比特币作为抵押品，源于对市场动态和用户需求的全面了解。通过使用比特币使 USDe 的抵押品池多样化，该团队旨在增强流动性，并为 USDe 持有者提供更安全、更稳健的产品。

To maintain USDe's dollar peg, Ethena Labs employs a sophisticated delta hedging strategy utilizing Bitcoin's derivatives market. This strategy involves dynamically adjusting positions in Bitcoin derivatives to offset potential price fluctuations, ensuring USDe's stability amidst market volatility.

为了维持 USDe 与美元挂钩，Ethena Labs 利用比特币衍生品市场采用了复杂的 Delta 对冲策略。该策略涉及动态调整比特币衍生品头寸，以抵消潜在的价格波动，确保 USDe 在市场波动中保持稳定。

Prior to this addition, USDe was primarily backed by Ether (ETH), Tether (USDT), and Ether-based liquid staking tokens. However, Ethena Labs recognized that Bitcoin, with its unparalleled liquidity and global acceptance, would significantly enhance USDe's appeal and scalability.

在此之前，USDe 主要由以太坊 (ETH)、Tether (USDT) 和基于以太坊的流动质押代币支持。然而，Ethena Labs 认识到，比特币以其无与伦比的流动性和全球接受度，将显着增强 USDe 的吸引力和可扩展性。

Differentiating from Stablecoins

与稳定币的区别

Ethena Labs' vision for USDe extends beyond the realm of traditional stablecoins. The team aspires to reduce reliance on centralized banking systems and empower the DeFi ecosystem with a truly decentralized and robust financial instrument.

Ethena Labs 对 USDe 的愿景超出了传统稳定币的领域。该团队渴望减少对中心化银行系统的依赖，并通过真正去中心化且强大的金融工具为 DeFi 生态系统赋能。

While acknowledging that Bitcoin lacks native staking rewards akin to Ether, Ethena Labs maintains that such yields are less critical during bullish market conditions. The team emphasizes that USDe's primary value proposition lies in its stability, liquidity, and the potential for exponential growth.

Ethena Labs 承认比特币缺乏类似于以太币的原生质押奖励，但坚持认为，在看涨的市场条件下，这种收益率并不那么重要。该团队强调，USDe 的主要价值主张在于其稳定性、流动性和指数增长的潜力。

Conclusion

结论

The integration of Bitcoin as collateral for USDe marks a watershed moment for Ethena Labs and the DeFi industry at large. By harnessing the power of Bitcoin, USDe is poised to scale to unprecedented heights, offering a compelling alternative to traditional stablecoins and unlocking boundless opportunities for innovation and financial inclusion within the DeFi landscape.

将比特币整合为 USDe 的抵押品，标志着 Ethena Labs 和整个 DeFi 行业的分水岭。通过利用比特币的力量，USDe 有望扩展至前所未有的高度，为传统稳定币提供引人注目的替代品，并为 DeFi 领域的创新和金融包容性释放无限机会。