MakerDAO 向 Ethena 注入 6 亿美元，引发增长激增

据报道，以太坊上的去中心化区块链协议 MakerDAO 计划向 USDe 投资 6 亿美元的 DAI，并通过 DeFi 借贷协议 Morpho Labs 质押 USDe（sUSDe），从而促进 Ethena Labs 的增长。

MakerDAO Invests Heavily in Ethena Eyes Growth

MakerDAO 大力投资 Ethena 着眼于增长

MakerDAO, a decentralized blockchain protocol on Ethereum, is reportedly planning to invest $600 million in USDe and stake sUSDe (sUSDe) via DeFi lending protocol Morpho Labs, fueling the growth of Ethena Labs.

据报道，以太坊上的去中心化区块链协议 MakerDAO 计划向 USDe 投资 6 亿美元，并通过 DeFi 借贷协议 Morpho Labs 质押 sUSDe (sUSDe)，从而推动 Ethena Labs 的发展。

While both USDe and sUSDe are issued by Ethena, a synthetic USD protocol built on Ethereum, the mammoth development is expected to propel its total value locked (TVL) to greater heights.

虽然 USDe 和 sUSDe 都是由 Ethena（一种基于以太坊的合成美元协议）发行的，但巨大的发展预计将推动其总锁定价值 (TVL) 达到更高的高度。

Ethena's Head of Growth, Seraphim Czecker, shared a blog post, revealing MakerDAO's move to invest in USDe and sUSDe. According to his post, "ETH TVL growth is on track with internal expectations."

Ethena 的增长主管 Seraphim Czecker 分享了一篇博文，透露了 MakerDAO 投资 USDe 和 sUSDe 的举措。根据他的帖子，“ETH TVL 的增长符合内部预期。”

MakerDAO envisions deeper involvement in the project with the growth of ETH. As per a proposal shared by Morpho Spark DAI vault,

MakerDAO 预计随着 ETH 的增长，会更深入地参与该项目。根据 Morpho Spark DAIVault 共享的提案，

"Using the lowest of the above thresholds would result in a maximum recommended exposure of US$600mm. This will gradually scale up as ETH grows, however for now we do believe it is prudent to cap the total allocation at this level."

“使用上述阈值中的最低值将导致最大推荐敞口为 600 美元。随着 ETH 的增长，这一规模将逐渐扩大，但目前我们确实认为将总配置限制在这一水平是谨慎的做法。”

The proposal also hints at the platform's plans to allocate more funds to USDe, considering users' preference for USDe over sUSDe. The reported fund allocation is subject to several factors, including Morpho's money market model, transparency of collateral and exchange, and counterparty risk.

该提案还暗示，考虑到用户对 USDe 而非 sUSDe 的偏好，该平台计划向 USDe 分配更多资金。报告的资金分配受到多种因素的影响，包括 Morpho 的货币市场模型、抵押品和交易的透明度以及交易对手风险。

MakerDAO's Interest in Ethena

MakerDAO 对 Ethena 的兴趣

On March 29, MakerDAO announced the deployment of a 100-million DAI Direct Deposit Module to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue via its official X blog. The move reportedly aims to enable "overcollateralized scalable liquidity for users interested in increasing their exposure to Ethena's assets."

3 月 29 日，MakerDAO 通过其官方 X 博客宣布在 Morpho Blue 上的 Spark sUSDe/DAI 和 USDe/DAI 市场部署 1 亿 DAI 直接存款模块。据报道，此举旨在“为有兴趣增加 Ethena 资产敞口的用户提供超额抵押的可扩展流动性”。

In related news, Ethena's ENA token was recently featured on Binance Launchpool, allowing users to farm ENA. With an initial supply of 1,425,000,000 ENA, Binance has allocated 300,000,000 ENA, representing 2% of the maximum supply of 15,000,000,000 tokens, as rewards for the Launchpool token.

相关新闻中，Ethena 的 ENA 代币最近在 Binance Launchpool 上亮相，允许用户挖矿 ENA。初始供应量为 1,425,000,000 ENA，币安已分配 300,000,000 ENA，相当于最大供应量 15,000,000,000 枚代币的 2%，作为 Launchpool 代币的奖励。

Implications and Conclusion

影响和结论

MakerDAO's strategic investment in Ethena represents a significant vote of confidence in the project's growth potential. The influx of capital and liquidity is expected to bolster Ethena's position in the DeFi landscape, potentially attracting more users and developers to its ecosystem.

MakerDAO 对 Ethena 的战略投资代表了对该项目增长潜力的重要信任票。资本和流动性的涌入预计将增强 Ethena 在 DeFi 领域的地位，并有可能吸引更多用户和开发者加入其生态系统。

As Ethena continues to gain traction, it remains to be seen how MakerDAO's involvement will shape the project's future trajectory. However, the collaboration between the two entities signals a growing convergence between traditional finance and decentralized finance, with MakerDAO's stablecoin, DAI, playing a pivotal role in bridging the gap.

随着 Ethena 继续受到关注，MakerDAO 的参与将如何塑造该项目的未来轨迹还有待观察。然而，这两个实体之间的合作标志着传统金融和去中心化金融之间的日益融合，而 MakerDAO 的稳定币 DAI 在弥合差距方面发挥着关键作用。