Maker Protocol 考虑向 Athena 合成美元市场投资 6 亿美元

DeFi 协议 Maker (MKR) 正在考虑将其 DAI 稳定币投资至多 6 亿美元到 Athena 的合成美元市场 - USDe。 Maker 最近在 Morpho Blue 的 Spark（借贷协议）上的 sUSDe/DAI 和 USDe/DAI 上投资了 1 亿 DAI。

Maker Protocol Weighs $600 Million Investment in Athena's Synthetic Dollar Market

Maker Protocol 拟向 Athena 合成美元市场投资 6 亿美元

New York, NY - March 29, 2024 - The Maker Protocol, a decentralized finance (DeFi) platform, is contemplating a substantial investment of up to $600 million in Athena's synthetic dollar market, USDe. This move follows Maker's recent allocation of $100 million in DAI stablecoins to the USDe/DAI and sUSDe/DAI markets on Morpho Blue's Spark lending protocol.

纽约州纽约 - 2024 年 3 月 29 日 - 去中心化金融 (DeFi) 平台 Maker Protocol 正在考虑向 Athena 的合成美元市场 USDe 进行高达 6 亿美元的大量投资。在此之前，Maker 最近根据 Morpho Blue 的 Spark 借贷协议向 USDe/DAI 和 sUSDe/DAI 市场分配了 1 亿美元的 DAI 稳定币。

The proposed investment aims to bolster the liquidity of USDe markets, enabling users to amplify their exposure to Athena's assets. Maker has deployed a 100-million DAI Direct Deposit Module to Spark's USDe/DAI and sUSDe/DAI markets on Morpho Blue, facilitating overcollateralized liquidity for individuals seeking to increase their engagement with Athena's offerings.

拟议的投资旨在增强 USDe 市场的流动性，使用户能够扩大对 Athena 资产的敞口。 Maker 已在 Morpho Blue 上的 Spark USDe/DAI 和 sUSDe/DAI 市场部署了 1 亿 DAI 直接存款模块，为寻求增加 Athena 产品参与度的个人提供超额抵押流动性。

On Monday, a proposal was submitted to the Maker forum, advocating for an additional $500 million DAI allocation to Morpho's lending infrastructure, specifically in the USDe staked and USDe/DAI markets. Authored by BA Labs, a member of the MakerDAO's Stability Scope Advisory Board, the proposal envisions a total investment of up to $1 billion DAI.

周一，一项提案提交给 Maker 论坛，主张为 Morpho 的借贷基础设施额外分配 5 亿美元的 DAI，特别是在 USDe 质押和 USDe/DAI 市场。该提案由 MakerDAO 稳定性范围咨询委员会成员 BA Labs 撰写，预计 DAI 总投资高达 10 亿美元。

However, the proposal has drawn criticism from some within the cryptocurrency community, citing concerns about excessive risk. Mark Zeller, Founder of the Aave Chan Initiative and Aave DAO Delegate (AAVE), characterized the proposal as "the definition of recklessness," highlighting the lack of battle-testing of the protocol, absence of risk mitigation measures, reliance on weak oracles, and the short timeframe for such a significant investment. In response, Zeller has announced plans to propose a reduction in the loan-to-value (LTV) ratio for DAI borrowing on Aave.

然而，该提案引起了加密货币社区内一些人的批评，理由是担心风险过高。 Aave Chan Initiative 和 Aave DAO 代表 (AAVE) 的创始人 Mark Zeller 将该提案描述为“鲁莽的定义”，强调该协议缺乏实战测试，缺乏风险缓解措施，对薄弱的预言机的依赖，如此重大的投资期限很短。作为回应，Zeller 宣布计划提议降低 Aave 上 DAI 借款的贷款价值 (LTV) 比率。

The Maker Protocol is a leading decentralized autonomous organization (DAO) governing the stablecoin DAI. DAI is pegged to the value of the US dollar and is backed by a diversified portfolio of crypto assets. The protocol ensures the stability of DAI through a system of collateralized debt positions (CDPs), which allow users to borrow DAI against their crypto assets.

Maker Protocol 是管理稳定币 DAI 的领先去中心化自治组织 (DAO)。 DAI 与美元价值挂钩，并得到多元化加密资产组合的支持。该协议通过抵押债务头寸（CDP）系统确保 DAI 的稳定性，该系统允许用户以其加密资产借入 DAI。

Athena is a synthetic asset issuance platform that enables the creation of synthetic versions of real-world assets, such as stocks, commodities, and currencies. The USDe stablecoin is a synthetic asset pegged to the value of the US dollar and backed by a basket of crypto assets.

Athena 是一个合成资产发行平台，可以创建现实世界资产的合成版本，例如股票、商品和货币。 USDe 稳定币是一种与美元价值挂钩并由一篮子加密资产支持的合成资产。

The proposed investment in Athena's USDe market reflects Maker's growing interest in synthetic asset markets. As the DeFi ecosystem matures and the adoption of stablecoins increases, synthetic assets are expected to play a significant role in providing exposure to a wider range of assets and facilitating financial innovation.

对 Athena USDe 市场的拟议投资反映了 Maker 对合成资产市场日益增长的兴趣。随着 DeFi 生态系统的成熟和稳定币采用的增加，合成资产预计将在提供更广泛的资产敞口和促进金融创新方面发挥重要作用。

However, the proposal has reignited concerns about excessive risk-taking within the DeFi ecosystem. Critics argue that the investment is premature, given the unproven track record of the synthetic dollar market and the potential for volatility and market manipulation. Maker's decision will ultimately be influenced by a careful assessment of the risks and benefits associated with the proposed investment.

然而，该提案再次引发了人们对 DeFi 生态系统内过度冒险的担忧。批评者认为，鉴于合成美元市场未经证实的记录以及波动和市场操纵的可能性，这项投资还为时过早。制造商的决定最终将受到与拟议投资相关的风险和收益的仔细评估的影响。