MakerDAO 启动 10 亿美元竞赛，从美国国库券和相关产品中获取代币化资产

这项名为“Spark 代币化大奖赛”的竞赛的重点是增加 Maker 对短期美国国库券和相关代币化产品的敞口。

MakerDAO began accepting applications on Monday for a competition to onboard up to $1 billion in tokenized assets.

MakerDAO 于周一开始接受竞赛申请，以获取高达 10 亿美元的代币化资产。

The competition, dubbed the “Spark Tokenization Grand Prix,” is designed to increase Maker’s exposure to short-duration US T-Bills and related tokenized products, according to a governance post by Steakhouse Financial, a treasury management firm that is also MakerDAO’s strategic finance core unit.

Steakhouse Financial 是一家财务管理公司，同时也是 MakerDAO 的战略财务部门，在一份治理帖子中称，这项被称为“Spark 代币化大奖赛”的竞赛旨在增加 Maker 对短期美国国库券和相关代币化产品的敞口。核心单位。

Applications will be judged on several metrics, including the tradeoff between liquidity and capital efficiency, according to the governance post. “Spark plans to utilize a more liquid product for frequent rebalancing and higher yielding product(s) for capital efficiency, with less frequent rebalancing,” Steakhouse Financial wrote last week. Spark is a subDAO of Maker that is best known for its product SparkLend, a decentralized finance lending platform.

据治理帖子称，申请将根据几个指标进行评判，包括流动性和资本效率之间的权衡。 Steakhouse Financial 上周写道：“Spark 计划利用流动性更强的产品进行频繁的再平衡，并利用收益率更高的产品来提高资本效率，同时减少再平衡的频率。” Spark 是 Maker 的子 DAO，以其产品 SparkLend（一个去中心化金融借贷平台）而闻名。

“However, we expect the process to be dynamic and competitive,” Steakhouse Financial added. “Liquidity-focused products will need to offer an attractive net yield, and yield-focused products will need to offer suitable liquidity.”

Steakhouse Financial 补充道：“然而，我们希望这一过程充满活力且具有竞争力。” “以流动性为中心的产品需要提供有吸引力的净收益率，而以收益为中心的产品需要提供适当的流动性。”

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Liquidity is defined as the ease with which financial products can be converted to cash or fiat-backed stablecoins, while capital efficiency refers to the effectiveness of generating the most yield from a given amount of capital.

流动性被定义为金融产品转换为现金或法定支持的稳定币的难易程度，而资本效率是指从给定量的资本中产生最大收益的有效性。

Several notable firms said they will participate in the competition, including Ondo Finance, Superstate, Mountain Protocol, OpenEden, and Securitize, the distributor of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).

多家知名公司表示将参加此次竞赛，包括 Ondo Finance、Superstate、Mountain Protocol、OpenEden 以及 BlackRock 美元机构数字流动性基金（BUIDL）的分销商 Securitize。

“Great to see this initiative. Ondo looks forward to participating,” Nathan Allman, the founder and CEO of real-world assets platform Ondo Finance, best known for its tokenized U.S. Treasury offerings, wrote in MakerDAO’s governance forum.

“很高兴看到这一举措。 Ondo 期待参与，”现实世界资产平台 Ondo Finance 的创始人兼首席执行官 Nathan Allman 在 MakerDAO 治理论坛上写道，该平台以其代币化的美国国债产品而闻名。

Arbitrum and Ethena’s RWA Programs

Arbitrum 和 Ethena 的 RWA 计划

The expected submissions follow applications by Superstate, Mountain Protocol, OpenEden, and Securitize to receive an allocation from synthetic dollar protocol Ethena’s reserve fund into real-world assets. Submissions for Ethena closed on Monday, the same day MakerDAO opened its applications.

预期的提交是在 Superstate、Mountain Protocol、OpenEden 和 Securitize 申请接收合成美元协议 Ethena 储备基金分配给现实世界资产之后提交的。 Ethena 的提交已于周一截止，同一天 MakerDAO 开放了申请。

The same four companies are also participating in layer 2 blockchain Arbitrum’s STEP program, which aims to diversify the network’s treasury into stable, liquid, and yield-bearing assets.

这四家公司还参与了第 2 层区块链 Arbitrum 的 STEP 计划，该计划旨在将网络的资金多样化为稳定、流动和有收益的资产。

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“Our experiences with Arbitrum and Ethena have helped us shape our approach to MakerDAO’s investment proposal,” a Superstate spokesperson told Unchained in an email. “These processes, particularly Arbitrum’s, provided us with a clear blueprint for how DAOs can efficiently coordinate to achieve specific financial objectives.”

“我们在 Arbitrum 和 Ethena 方面的经验帮助我们制定了 MakerDAO 投资提案的方法，”Superstate 发言人在一封电子邮件中告诉 Unchained。 “这些流程，尤其是 Arbitrum 的流程，为我们提供了 DAO 如何有效协调以实现特定财务目标的清晰蓝图。”

“Arbitrum’s structured and objective evaluation process allowed us to see firsthand how well-organized frameworks can help DAOs select the right partners and manage proposals more effectively,” the Superstate spokesperson said.

Superstate 发言人表示：“Arbitrum 结构化且客观的评估流程让我们亲眼目睹了组织良好的框架如何帮助 DAO 选择合适的合作伙伴并更有效地管理提案。”

The deadline for submissions is September 20, 2024. After the deadline, the Grand Prix committee will review the submissions and propose selections to Maker’s governance body of MKR token holders, who will then suggest which asset managers to onboard.

提交的截止日期为 2024 年 9 月 20 日。截止日期之后，大奖赛委员会将审查提交的内容，并向 MKR 代币持有者的 Maker 治理机构提出选择建议，然后由后者建议加入哪些资产管理人。

MakerDAO is one of the highest-revenue protocols in all of crypto, having accrued nearly $350 million in lifetime revenue, according to data from blockchain analytics firm DefiLlama. The protocol’s governance token, MKR, has gained almost 5% in the past 24 hours to trade just under $2,000, giving the cryptocurrency a market capitalization of $1.8 billion, according to CoinGecko.

根据区块链分析公司 DefiLlama 的数据，MakerDAO 是所有加密货币中收入最高的协议之一，其终身收入已接近 3.5 亿美元。据 CoinGecko 称，该协议的治理代币 MKR 在过去 24 小时内上涨了近 5%，交易价格略低于 2,000 美元，使该加密货币的市值达到 18 亿美元。