{"id":830,"date":"2025-05-14T19:27:29","date_gmt":"2025-05-14T11:27:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=830"},"modified":"2025-05-14T19:27:29","modified_gmt":"2025-05-14T11:27:29","slug":"bancor%e8%b5%b7%e8%af%89uniswap%e4%be%b5%e6%9d%83%ef%bc%9a%e5%8a%a0%e5%af%86%e4%b8%96%e7%95%8c%e7%9a%84%e8%87%aa%e7%94%b1%e5%bc%80%e6%94%be%e7%b2%be%e7%a5%9e%e4%b8%8d%e5%9c%a8%e4%ba%86%ef%bc%9f-pane","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=830","title":{"rendered":"Bancor\u8d77\u8bc9Uniswap\u4fb5\u6743\uff1a\u52a0\u5bc6\u4e16\u754c\u7684\u81ea\u7531\u5f00\u653e\u7cbe\u795e\u4e0d\u5728\u4e86\uff1f | PANews"},"content":{"rendered":"<p>2025\u5e745\u670820\u65e5\uff0c\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\u5148\u9a71Bancor\u5411\u7f8e\u56fd\u7ebd\u7ea6\u5357\u533a\u5730\u65b9\u6cd5\u9662\u63d0\u4ea4\u4e86\u4e00\u4efd\u91cd\u78c5\u8bc9\u72b6\uff0c\u6307\u63a7\u884c\u4e1a\u5de8\u5934Uniswap Labs\u53ca\u5176\u57fa\u91d1\u4f1a\u672a\u7ecf\u6388\u6743\u4f7f\u7528\u51762017\u5e74\u4e13\u5229\u7684\u201c\u6052\u5b9a\u4e58\u79ef\u81ea\u52a8\u505a\u5e02\u5546\u201d\uff08CPAMM\uff09\u6280\u672f\uff0c\u7d22\u6c42\u5de8\u989d\u8d54\u507f\u3002Bancor\u5ba3\u79f0\uff0c\u8fd9\u9879\u8bde\u751f\u4e8e2016\u5e74\u7684\u6280\u672f\u662fDeFi\u4ea4\u6613\u7684\u57fa\u77f3\uff0c\u800cUniswap\u81ea2018\u5e74\u4e0a\u7ebf\u4ee5\u6765\uff0c\u51ed\u501f\u6b64\u6280\u672f\u652b\u53d6\u4e86\u6570\u5341\u4ebf\u7f8e\u5143\u5229\u6da6\u3002\u6b21\u65e5\uff0cUniswap Labs\u53cd\u51fb\uff0c\u65a5\u8d23\u8bc9\u8bbc\u4e3a\u201c\u535a\u53d6\u5173\u6ce8\u201d\u7684\u95f9\u5267\uff0c\u79f0\u5176\u5728\u76d1\u7ba1\u98ce\u53e3\u6d6a\u5c16\u4e0a\u4e0d\u8fc7\u662f\u201c\u6700\u611a\u8822\u7684\u6311\u8845\u201d\u3002\u8fd9\u573a\u56f4\u7ed5CPAMM\u7684\u4e13\u5229\u6218\uff0c\u4e0d\u4ec5\u662fBancor\u4e0eUniswap\u7684\u6b63\u9762\u4ea4\u950b\uff0c\u66f4\u53ef\u80fd\u662fDeFi\u884c\u4e1a\u77e5\u8bc6\u4ea7\u6743\u89c4\u5219\u7684\u8f6c\u6298\u70b9\u3002\u6280\u672f\u5f52\u5c5e\u3001\u5f00\u6e90\u7cbe\u795e\u4e0e\u5546\u4e1a\u5229\u76ca\u5728\u94fe\u4e0a\u4e16\u754c\u78b0\u649e\uff0c\u7a76\u7adf\u8c01\u5c06\u5b9a\u4e49DeFi\u7684\u672a\u6765\uff1f\u8ba9\u6211\u4eec\u8d70\u8fdb\u8fd9\u573a\u4ee3\u7801\u4e0e\u6cd5\u5ead\u4ea4\u7ec7\u7684\u98ce\u66b4\u3002<\/p>\n<h3>CPAMM\uff1aDeFi\u7684\u6570\u5b66\u9b54\u6cd5\u4e0e\u4e89\u8bae\u6839\u6e90<\/h3>\n<p>\u8981\u7406\u89e3\u8fd9\u573a\u8bc9\u8bbc\u7684\u6838\u5fc3\uff0c\u79bb\u4e0d\u5f00\u201c\u6052\u5b9a\u4e58\u79ef\u81ea\u52a8\u505a\u5e02\u5546\u201d\uff08CPAMM\uff09\u7684\u6280\u672f\u672c\u8d28\u3002CPAMM\u7684\u6838\u5fc3\u516c\u5f0f\u2014\u2014x * y = k\u2014\u2014\u7b80\u5355\u5374\u98a0\u8986\u6027\uff1ax\u548cy\u5206\u522b\u4ee3\u8868\u6d41\u52a8\u6027\u6c60\u4e2d\u4e24\u79cd\u8d44\u4ea7\u7684\u6570\u91cf\uff0ck\u4e3a\u5e38\u6570\uff0c\u4ea4\u6613\u540e\u6c60\u5185\u8d44\u4ea7\u6bd4\u4f8b\u81ea\u52a8\u8c03\u6574\u4ef7\u683c\uff0c\u53d6\u4ee3\u4e86\u4f20\u7edf\u4ea4\u6613\u6240\u7684\u8ba2\u5355\u7c3f\u3002\u8fd9\u79cd\u673a\u5236\u8ba9\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u65e0\u9700\u4e2d\u4ecb\uff0c\u6210\u672c\u4f4e\u5ec9\uff0c\u6548\u7387\u60ca\u4eba\uff0c\u6210\u4e3aDeFi\u7684\u547d\u8109\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/22\/images\/8472b2f96b5d431c2f61bc322cc2c594.jpg\" alt=\"Bancor\u8d77\u8bc9Uniswap\u4fb5\u6743\uff1a\u52a0\u5bc6\u4e16\u754c\u7684\u81ea\u7531\u5f00\u653e\u7cbe\u795e\u4e0d\u5728\u4e86\uff1f\" \/><\/p>\n<p>Bancor\u58f0\u79f0\uff0cCPAMM\u662f\u51762016\u5e74\u7684\u539f\u521b\u53d1\u660e\u30022017\u5e741\u6708\uff0cBancor\u63d0\u4ea4\u4e13\u5229\u7533\u8bf7\uff0c\u540c\u5e746\u6708\u63a8\u51fa\u5168\u7403\u9996\u6b3e\u57fa\u4e8eCPAMM\u7684DEX\u2014\u2014Bancor Protocol\uff0c\u5f00\u542f\u4e86DeFi\u4ea4\u6613\u7684\u5148\u6cb3\u3002\u767d\u76ae\u4e66\u3001\u4e13\u5229\u7533\u8bf7\u548c\u534f\u8bae\u4e0a\u7ebf\uff0cBancor\u7528\u4ee3\u7801\u548c\u6cd5\u5f8b\u53cc\u91cd\u5e03\u5c40\uff0c\u8bd5\u56fe\u9501\u5b9a\u8fd9\u4e00\u6280\u672f\u7684\u5f52\u5c5e\u3002\u7136\u800c\uff0c2018\u5e7411\u6708\uff0cUniswap\u6a2a\u7a7a\u51fa\u4e16\uff0c\u5176v1\u534f\u8bae\u540c\u6837\u57fa\u4e8ex * y = k\u516c\u5f0f\uff0c\u8fc5\u901f\u51ed\u501f\u7b80\u6d01\u8bbe\u8ba1\u548c\u793e\u533a\u9a71\u52a8\u5e2d\u5377\u5e02\u573a\u3002\u622a\u81f32025\u5e74\uff0cUniswap\u7d2f\u8ba1\u4ea4\u6613\u91cf\u7a81\u78343\u4e07\u4ebf\u7f8e\u5143\uff0c\u603b\u9501\u4ed3\u4ef7\u503c\uff08TVL\uff09\u8fd150\u4ebf\u7f8e\u5143\uff0c\u7a33\u5750DEX\u9f99\u5934\u5b9d\u5ea7\uff0c\u800cBancor\u4ec5\u4ee55900\u4e07\u7f8e\u5143TVL\u6392\u540d\u7b2c142\uff08DeFiLlama\u6570\u636e\uff09\u3002<\/p>\n<p>Bancor\u5728\u8bc9\u72b6\u4e2d\u6307\u63a7\uff0cUniswap\u4ecev1\u5230\u6700\u65b0\u7684v4\u534f\u8bae\uff0c\u6301\u7eed\u4f7f\u7528\u5176\u4e13\u5229\u6280\u672f\uff0c\u672a\u7ecf\u6388\u6743\u4e14\u62d2\u7edd\u5408\u4f5c\u3002Bancor\u9879\u76ee\u8d1f\u8d23\u4ebaMark Richardson\u76f4\u8a00\uff1a\u201c\u516b\u5e74\u6765\uff0cUniswap\u672a\u7ecf\u8bb8\u53ef\u4f7f\u7528\u6211\u4eec\u7684\u53d1\u660e\uff0c\u501f\u6b64\u4e0e\u6211\u4eec\u7ade\u4e89\uff0c\u6211\u4eec\u5fc5\u987b\u91c7\u53d6\u884c\u52a8\u3002\u201d\u8bc9\u8bbc\u7531Bprotocol\u57fa\u91d1\u4f1a\u548c\u539f\u59cb\u5f00\u53d1\u8005LocalCoin Ltd.\u8054\u5408\u53d1\u8d77\uff0c\u5bfb\u6c42\u8d54\u507fUniswap Labs\u7684\u201c\u65e0\u8bc1\u4f7f\u7528\u201d\u53caUniswap\u57fa\u91d1\u4f1a\u7684\u201c\u8bf1\u5bfc\u4fb5\u6743\u201d\u3002\u8fd9\u573a\u6280\u672f\u5f52\u5c5e\u4e4b\u4e89\uff0c\u8868\u9762\u662f\u4e13\u5229\u6743\u7684\u8f83\u91cf\uff0c\u5b9e\u5219\u89e6\u53caDeFi\u7684\u6838\u5fc3\u95ee\u9898\uff1a\u521b\u65b0\u5982\u4f55\u5728\u5f00\u6e90\u4e0e\u5546\u4e1a\u5316\u4e4b\u95f4\u5e73\u8861\uff1f<\/p>\n<h3>Bancor\u4e0eUniswap\uff1a\u4ece\u5148\u9a71\u5230\u738b\u8005\u7684\u6069\u6028\u7ea0\u845b<\/h3>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/22\/images\/c8ed9b877c9e20f96d787622d9646d60.jpg\" alt=\"Bancor\u8d77\u8bc9Uniswap\u4fb5\u6743\uff1a\u52a0\u5bc6\u4e16\u754c\u7684\u81ea\u7531\u5f00\u653e\u7cbe\u795e\u4e0d\u5728\u4e86\uff1f\" \/><\/p>\n<p>Bancor\u4e0eUniswap\u7684\u6069\u6028\uff0c\u662f\u4e00\u90e8DeFi\u8fdb\u5316\u53f2\u7684\u7f29\u5f71\u30022016\u5e74\uff0cBancor\u7387\u5148\u63d0\u51faCPAMM\u7406\u5ff5\uff0c\u8bd5\u56fe\u7528\u667a\u80fd\u5408\u7ea6\u53d6\u4ee3\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u7e41\u7410\u673a\u5236\u3002\u5176\u767d\u76ae\u4e66\u52fe\u52d2\u4e86\u4e00\u4e2a\u65e0\u9700\u4e2d\u4ecb\u3001\u5b8c\u5168\u94fe\u4e0a\u7684\u4ea4\u6613\u4e4c\u6258\u90a6\uff0c\u5438\u5f15\u4e86\u65e9\u671f\u533a\u5757\u94fe\u793e\u533a\u7684\u70ed\u6367\u30022017\u5e74\u7684Bancor Protocol\u4e0a\u7ebf\uff0c\u88ab\u8a89\u4e3a\u201cDeFi\u7684\u5f00\u5c71\u4e4b\u4f5c\u201d\uff0c\u4f46\u5176\u590d\u6742\u7684\u8bbe\u8ba1\u548c\u9ad8\u6602\u7684Gas\u8d39\u7528\u9650\u5236\u4e86\u7528\u6237\u589e\u957f\u3002<\/p>\n<p>Uniswap\u7684\u51fa\u73b0\u6539\u53d8\u4e86\u6e38\u620f\u89c4\u5219\u30022018\u5e74\uff0c\u521b\u59cb\u4ebaHayden Adams\u63a8\u51fav1\u534f\u8bae\uff0c\u4ee5\u6781\u7b80UI\u548c\u9ad8\u6548\u7684\u94fe\u4e0a\u4f53\u9a8c\u8fc5\u901f\u4fd8\u83b7\u7528\u6237\u3002Uniswap\u4e0d\u4ec5\u4f18\u5316\u4e86CPAMM\u7684\u5b9e\u73b0\uff0c\u8fd8\u901a\u8fc7\u5f00\u6e90\u4ee3\u7801\u548c\u793e\u533a\u6cbb\u7406\u6fc0\u53d1\u4e86\u5f00\u53d1\u8005\u70ed\u6f6e\u3002v2\u3001v3\u4e43\u81f32025\u5e74\u521d\u7684v4\u8fed\u4ee3\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u4e86\u5176\u5e02\u573a\u9738\u4e3b\u5730\u4f4d\u3002Uniswap\u7684\u6210\u529f\u79bb\u4e0d\u5f00CPAMM\u7684\u6570\u5b66\u4f18\u96c5\uff0c\u4f46Bancor\u575a\u79f0\uff0c\u8fd9\u4efd\u4f18\u96c5\u6e90\u81ea\u5176\u4e13\u5229\u3002<\/p>\n<p>\u5e02\u573a\u6570\u636e\u7684\u5bf9\u6bd4\u66f4\u51f8\u663e\u4e24\u8005\u7684\u5dee\u8ddd\u3002Uniswap\u65e5\u4ea4\u6613\u91cf\u63a5\u8fd138\u4ebf\u7f8e\u5143\uff0c\u8fdc\u8d85Bancor\u768437.8\u4e07\u7f8e\u5143\uff08DeFiLlama\uff0c2025\u5e745\u670820\u65e5\uff09\u3002Uniswap\u7684UNI\u4ee3\u5e01\u867d\u5728\u8bc9\u8bbc\u6d88\u606f\u540e\u4e0b\u8dcc\u8fd12%\u81f35.87\u7f8e\u5143\uff0c\u4f46\u5176\u751f\u6001\u4f9d\u7136\u7a33\u56fa\u3002\u53cd\u89c2Bancor\uff0c\u5176BNT\u4ee3\u5e01\u4ef7\u683c\u4f4e\u8ff7\uff0c\u5e02\u573a\u5f71\u54cd\u529b\u8fdc\u4e0d\u53ca\u6614\u65e5\u8f89\u714c\u3002Bancor\u6b64\u6b21\u8bc9\u8bbc\uff0c\u662f\u5426\u662f\u8bd5\u56fe\u501f\u6cd5\u5f8b\u7ffb\u76d8\u7684\u65e0\u5948\u4e4b\u4e3e\uff1f\u8fd8\u662f\u5bf9DeFi\u521b\u65b0\u89c4\u5219\u7684\u6b63\u5f53\u634d\u536b\uff1f\u7b54\u6848\u6216\u8bb8\u85cf\u5728Uniswap\u7684\u56de\u5e94\u4e2d\u3002<\/p>\n<h3>Uniswap\u7684\u201c\u786c\u521a\u201d\u4e0eDeFi\u7684\u5f00\u6e90\u4e4b\u8fa9<\/h3>\n<p>\u9762\u5bf9Bancor\u7684\u6307\u63a7\uff0cUniswap\u5e76\u672a\u4fdd\u6301\u6c89\u9ed8\u30025\u670821\u65e5\uff0cHayden Adams\u5728X\u5e73\u53f0\u53d1\u6587\uff0c\u79f0\u8bc9\u8bbc\u201c\u53ef\u80fd\u662f\u89c1\u8fc7\u6700\u8822\u7684\u4e8b\u60c5\u201d\uff0c\u5e76\u8868\u793a\u201c\u76f4\u5230\u5f8b\u5e08\u544a\u8bc9\u6211\u6211\u4eec\u8d62\u4e86\uff0c\u6211\u90fd\u4e0d\u4f1a\u518d\u7406\u5b83\u201d\u3002Uniswap Labs\u8fdb\u4e00\u6b65\u9a73\u65a5\uff0c\u79f0Bancor\u662f\u5728\u7f8e\u56fd\u52a0\u5bc6\u76d1\u7ba1\u8d8b\u4e25\u7684\u80cc\u666f\u4e0b\u201c\u535a\u53d6\u5173\u6ce8\u201d\uff0c\u8bd5\u56fe\u5229\u7528\u8bc9\u8bbc\u626d\u8f6c\u5e02\u573a\u52a3\u52bf\u3002<\/p>\n<p>Uniswap\u7684\u5f3a\u786c\u6001\u5ea6\uff0c\u80cc\u540e\u662f\u5bf9DeFi\u5f00\u6e90\u7cbe\u795e\u7684\u634d\u536b\u3002CPAMM\u7684\u6838\u5fc3\u516c\u5f0fx * y = k\u5e76\u975e\u590d\u6742\u6570\u5b66\uff0c\u5176\u7075\u611f\u751a\u81f3\u53ef\u8ffd\u6eaf\u81f3Vitalik Buterin\u7684\u65e9\u671f\u8ba8\u8bba\u3002Uniswap\u53ef\u80fd\u8fa9\u79f0\uff0cBancor\u7684\u4e13\u5229\u7f3a\u4e4f\u72ec\u521b\u6027\uff0c\u6216\u5176\u5b9e\u73b0\u65b9\u5f0f\u4e0eBancor\u4e13\u5229\u7684\u5177\u4f53\u4e3b\u5f20\u5b58\u5728\u5dee\u5f02\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0cDeFi\u7684\u5d1b\u8d77\u4f9d\u8d56\u5f00\u6e90\u6587\u5316\uff0c\u4ee3\u7801\u5171\u4eab\u4e0e\u8fed\u4ee3\u662f\u884c\u4e1a\u521b\u65b0\u7684\u57fa\u77f3\u3002Bancor\u8bd5\u56fe\u4ee5\u4f20\u7edf\u4e13\u5229\u6cd5\u7ea6\u675f\u94fe\u4e0a\u6280\u672f\uff0c\u662f\u5426\u8fdd\u80cc\u4e86Web3\u7684\u53bb\u4e2d\u5fc3\u5316\u7cbe\u795e\uff1f<\/p>\n<p>Bancor\u5219\u53cd\u9a73\uff0c\u77e5\u8bc6\u4ea7\u6743\u4fdd\u62a4\u662f\u6fc0\u52b1\u521b\u65b0\u7684\u5fc5\u8981\u6761\u4ef6\u3002Mark 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