PI协议：一种创新的尝试屈服稳定的尝试

PI协议是一种新兴的Stablecoin协议，旨在通过创新的产量设计来挑战现有的Stablecoin市场。它的核心产品是USP Stablecoin。

With the election of US President Trump, the stablecoin sector has seen a boom. Within days of taking office, Trump issued an executive order to promote the adoption of dollar-backed stablecoins, while Congress is drafting a bill to provide a regulatory framework for stablecoins in the US. Major financial companies like PayPal and numerous crypto enterprises are issuing stablecoins.

随着美国总统特朗普的当选，斯塔布莱币部门的繁荣。上任的几天之内，特朗普发布了一项行政命令，以促进通过美元支持的稳定币，而国会正在起草一项法案，以为美国的Stablecoins提供监管框架。 PayPal和众多加密企业等主要金融公司正在发行Stablecoins。

Recently, according to a Bloomberg report, Reeve Collins, one of the original co-founders of Tether, is launching a yield-bearing stablecoin project called Pi Protocol, which will provide holders with potential earnings from tokenized real-world assets.

最近，根据彭博社的一份报告，Tether的最初联合创始人Reeve Collins正在启动一个名为PI Protocal的承重的Stablecoin项目，该项目将为持有者提供代币化现实世界中的潜在收益。

According to the Pi Protocol official X platform, Pi was originally named TreasuryX and was officially established last year, recently undergoing a complete rebranding and repositioning. Pi plans to launch its first yield-bearing stablecoin, USP, on Ethereum or Solana in the second half of 2023.

根据PI协议官方X平台的说法，PI最初被任命为TeareAryx，并于去年正式成立，最近经历了一个完整的重塑和重新定位。 PI计划在2023年下半年在以太坊或Solana上推出首个承重的Stablecoin USP。

Innovative Attempts at Yield-Bearing Stablecoins

创新的尝试屈服稳定的尝试

Pi Protocol is an emerging stablecoin protocol that aims to disrupt the existing stablecoin market with innovative yield-bearing designs. Its core product is the USP stablecoin, which differs from traditional stablecoins like USDT and USDC in that the asset earnings are directly distributed to USP holders via the USI token, whereas issuers of USDT and USDC currently retain these earnings. This model not only attracts yield-sensitive users but may also drive the transition of stablecoins from mere "value anchoring tools" to "investment tools."

PI协议是一种新兴的Stablecoin协议，旨在用创新的屈服设计破坏现有的Stablecoin市场。它的核心产品是USP Stablecoin，它与USDT和USDC（USDC）的传统稳定股不同，因为资产收益直接通过USI代币直接分发给USP持有人，而USDT和USDC的发行人当前保留这些收入。该模型不仅吸引了对产量敏感的用户，而且还可能会推动稳定币从单纯的“价值锚定工具”到“投资工具”的过渡。

Pi Protocol plans to operate on the Ethereum and Solana blockchains, utilizing smart contracts to ensure efficient transactions and ecological compatibility. Additionally, the project will introduce governance tokens, allowing the community to participate in the decision-making process, enhancing the transparency and engagement of decentralized governance.

PI协议计划利用智能合约来确保有效的交易和生态兼容性，以在以太坊和Solana区块链上进行操作。此外，该项目将引入治理令牌，使社区能够参与决策过程，从而提高分散治理的透明度和参与。

Specifically, Pi will use smart contracts to assess the value of collateral and execute over-collateralization rates, minting its USP stablecoin. As a reward, minters will receive another token, USI, as earnings.

具体而言，PI将使用智能合约来评估抵押品的价值和执行过度的合并率，从而造成其USP Stablecoin。作为奖励，Minters将获得另一个令牌USI作为收入。

Pi will be governed by the governance token USPi, whose holders will benefit from platform revenues derived from minting stablecoins and other sources. Users of this token will be able to vote on decisions such as setting risk parameters, adjusting collateral policies, and distributing protocol revenues. The team and advisors will receive 25% of the governance token supply. It is reported that the team is conducting a presale of the governance tokens.

PI将受到治理令牌USPI的管辖，其持有人将受益于从铸造稳定剂和其他来源获得的平台收入。该代币的用户将能够对诸如设定风险参数，调整抵押策略和分配协议收入等决策等决策进行投票。团队和顾问将获得治理令牌供应的25％。据报道，该团队正在进行治理令牌的预售。

Founder Collins himself stated, "Pi Protocol is the evolution of stablecoins."

创始人柯林斯本人说：“ PI方案是Stablecoins的演变。”

Team Introduction

团队介绍

Reeve Collins is the founder and chairman of Pi Protocol, and he is a serial entrepreneur in the crypto space. He co-founded Tether in 2013 and served as its first CEO until 2015. Collins is also one of the inventors of stablecoins; during his tenure at Tether, he publicly collaborated with co-founders Brock Pierce and Craig Sellars on innovations related to stablecoins.

里夫·柯林斯（Reeve Collins）是PI协议的创始人兼董事长，他是加密货币领域的连续企业家。他于2013年与他人共同创立了Tether，并在2015年担任首位首席执行官。Collins也是Stablecoins的发明者之一。在Tether任职期间，他与联合创始人Brock Pierce和Craig Sellars公开合作，从事与Stablecoins有关的创新。

After leaving Tether, he founded BLOCKv (focused on NFT platforms, which raised $22 million in an ICO in 2017), SmartMedia Technologies (an enterprise-level Web3 platform), and the decentralized currency market protocol WeFi.

离开Tether后，他建立了BlockV（专注于NFT平台，该平台在2017年在ICO中筹集了2200万美元），SmartMedia Technologies（企业级Web3平台）和分散的货币市场协议WEFI。

Bundeep Singh Rangar is the CEO of Pi Protocol, having previously founded the TradFi network InsurTech and worked on the listing of the first DeFi ETP.

Bundeep Singh Rangar是PI协议的首席执行官，此前曾创立了TradFi Network Insurtech，并在第一个Defi ETP的列表中工作。

Roadmap

路线图

According to publicly available official information, Pi Protocol's future plans include the following aspects:

根据公开可用的官方信息，PI协议的未来计划包括以下方面：