Euler Finance刚从Defi Wilderness恢复过来

该协议本周在总价值锁定（TVL）和总借口上脱颖而出 - 偏见者活动的两个关键指标。蒂姆·棉花。

Crypto borrow and lend platform Euler Finance has quietly clawed its way back from the DeFi wilderness.

加密借贷和贷款平台Euler Finance已从Defi Wilderness悄悄地回溯了。

The protocol this week notched new all-time highs in total value locked (TVL) and total borrows - two pivotal metrics of activity for a DeFi lender.

该协议本周在总价值锁定（TVL）和总借款中脱颖而出 - 贷款人的活动的两个关键指标。

Euler's hundreds of millions of crypto-dollars now under management might leave it well short of the Ethereum world's lending powerhouses, like the multibillion dollar Aave. But it's nonetheless notable for a protocol that nearly went kaput following a $200 million hack exactly two years ago.

欧拉（Euler）现在管理的数亿美元的加密货币可能会使以太坊世界的贷款强国（如数十亿美元的Aave）所远远没有使其不远。但是，这对于一项协议仍然值得注意，该协议几乎是在两年前在2亿美元的黑客攻击之后几乎获得了卡普特。

"A lot of people wrote us off and said it would have been totally normal for us to end the project right there," said Michael Bentley, CEO of Euler Labs. But his team decided to stick with it and rebuild Euler - from scratch.

Euler Labs首席执行官Michael Bentley说：“很多人都给我们写了下来，并说我们在那里结束该项目是完全正常的。”但是他的团队决定坚持下去，并从头开始重建Euler。

Their new vision was a highly customizable borrowing hub where people could tailor their pools' risk, yields, and asset parameters. This was a big difference from the original Euler, which Bentley described as "a specific product: one lending market."

他们的新型视野是一个高度可定制的借贷中心，人们可以调整池的风险，收益率和资产参数。这与原始的Euler有很大的不同，本特利将其描述为“特定产品：一个贷款市场”。

"There just isn't a one-size-fits-all when it comes to lending and borrowing," Bentley said.

本特利说：“在贷款和借贷方面，只有一定程度的一切。”

Comeback was hardly assured: while victims of the hack had gotten their money back, Bentley and his team questioned whether the market had an appetite for a protocol with a tarnished reputation.

卷土重来几乎没有保证：虽然黑客的受害者已经恢复了钱，但本特利和他的团队质疑该市场是否对具有损害声誉的协议有兴趣。

It didn't help that Euler basically missed much of 2024's DeFi surge while sitting in pre-launch security reviews. Euler finally debuted its V2 in September 2024, nearly a year and a half after going dark.

欧拉（Euler）坐在预发出的安全评论中，欧拉（Euler）基本上错过了2024年的Defi激增，这并没有帮助。欧拉（Euler）终于在2024年9月在天黑后近一年半发行了V2。

The protocol helped juice its return with a relatively modest incentives budget: a "few million" dollars-worth of EUL tokens to woo people back, at a time when he claims competitors were offering tens of millions of dollars more., Bentley said, attributing most of the growth to "product market fit."

该协议通过相对适中的激励预算帮助其回报量：欧拉代币的“几百万美元”以吸引人们的回来，当时他声称竞争对手提供了数千万美元的价格。宾利说，将大部分增长归功于“产品市场合适”。

Even now, as ether - a critical collateral asset for lending platforms across Ethereum DeFi - continues spiraling in price, Euler continues to grow. It's one of only two lending protocols in the top 10 to see growth in active loans over the last month.

即使是现在，作为以太坊范围内的贷款平台的Ether（Ether）的一项关键抵押品资产，价格仍在继续，Euler继续增长。这是前十名中仅有的两项贷款协议之一，即在上个月积极贷款的增长。

If this ends up being a bear market I'm still confident, given the success of Euler v2 so far, that Euler will still be growing relative to some of the other opportunities out there," Bentley said.

如果到目前为止，欧拉V2的成功，如果这是一个熊市，我仍然有信心，相对于那里的其他一些机会，欧拉仍然会在增长。”宾利说。