{"id":917,"date":"2025-05-24T14:39:29","date_gmt":"2025-05-24T06:39:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=917"},"modified":"2025-05-24T14:39:29","modified_gmt":"2025-05-24T06:39:29","slug":"%e8%b6%85%e8%b6%8a%e7%a8%b3%e5%ae%9a%e5%b8%81%ef%bc%9aethena%e5%a6%82%e4%bd%95%e6%89%93%e9%80%a0%e9%93%be%e4%b8%8a%e9%87%91%e8%9e%8d%e5%bc%95%e6%93%8e%ef%bc%9f-panews","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=917","title":{"rendered":"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f | PANews"},"content":{"rendered":"<p dir=\"ltr\">\u4f5c\u8005\uff1aTindorr, \u52a0\u5bc6 KOL<\/p>\n<p dir=\"ltr\">\u7f16\u8bd1\uff1aFelix, PANews<\/p>\n<p dir=\"ltr\">\u8fc7\u53bb\u4e00\u76f4\u8ba4\u4e3a Ethena \u53ea\u662f\u4e00\u79cd\u7a33\u5b9a\u5e01\u534f\u8bae\u2014\u2014\u4e00\u79cd\u63d0\u4f9b\u7a33\u5b9a\u6536\u76ca\u548c\u4e00\u4e9b\u4e0d\u9519\u96c6\u6210\u7684\u5408\u6210\u7f8e\u5143\uff08USDe\uff09\u3002<\/p>\n<p dir=\"ltr\">Ethena Labs \u521b\u59cb\u4eba G \u5728\u4eca\u5e74 1 \u6708\u5ba3\u5e03 Ethena \u7684\u201c\u878d\u5408\u201d\u8def\u7ebf\u56fe\u65f6\uff0c\u5f53\u65f6\u5e76\u672a\u610f\u8bc6\u5230\u5373\u5c06\u53d1\u751f\u4ec0\u4e48\u3002<\/p>\n<p dir=\"ltr\">\u4f46\u968f\u7740\u7814\u7a76\u9010\u6e10\u6df1\u5165\uff0c\u9010\u6e10\u610f\u8bc6\u5230\u81ea\u5df1\u7684\u60f3\u6cd5\u8fc7\u4e8e\u72ed\u9698\u3002<\/p>\n<p dir=\"ltr\">Ethena \u4e0d\u53ea\u662f\u5728\u6253\u9020\u66f4\u597d\u7684\u7a33\u5b9a\u5e01\uff0c\u800c\u662f\u6b63\u6784\u5efa\u4e92\u8054\u7f51\u7684\u8d27\u5e01\u57fa\u7840\u8bbe\u65bd\uff1a\u4e00\u4e2a\u5c06\u52a0\u5bc6\u8d27\u5e01\u7684\u8d44\u672c\u6548\u7387\u4e0e\u4f20\u7edf\u91d1\u878d\u7684\u76d1\u7ba1\u4fe1\u4efb\u5c42\u76f8\u7ed3\u5408\u7684\u7cfb\u7edf\u3002<\/p>\n<p dir=\"ltr\">$ENA \u6b63\u6210\u4e3a\u8fd9\u4e00\u8f6c\u53d8\u7684\u4ee3\u8868\u3002<\/p>\n<p dir=\"ltr\">Ethena \u5982\u4eca\u89e6\u53ca\u4e86\u51e0\u4e4e\u6240\u6709\u4e3b\u8981\u7684\u5b8f\u89c2\u5782\u76f4\u9886\u57df\uff0c\u800c\u5e76\u975e\u8ffd\u9010\u5355\u4e00\u53d9\u4e8b\uff1a<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">\u7a33\u5b9a\u5e01<\/li>\n<li dir=\"ltr\" role=\"presentation\">RWA<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u4e0e DeFi \u5e94\u7528\u751f\u6001\u7cfb\u7edf<\/li>\n<\/ul>\n<p dir=\"ltr\">\u5b83\u5173\u4e4e\u6570\u5341\u4ebf\u7f8e\u5143\u8d8b\u52bf\u7684\u878d\u5408\u2014\u2014\u7a33\u5b9a\u5e01\u8d27\u5e01\u5316\u3001RWA \u4ee3\u5e01\u5316\u4ee5\u53ca\u94fe\u4e0a\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u7684\u5d1b\u8d77\u3002<\/p>\n<p dir=\"ltr\">\u4e0b\u9762\u4ece\u8def\u7ebf\u56fe\u7684\u53d1\u5e03\u4ee5\u53ca\u6b64\u540e\u53d6\u5f97\u7684\u8fdb\u5c55\u6765\u5256\u6790\uff1a\u4e3a\u4f55 Ethena \u53ef\u80fd\u662f\u6700\u6709\u80fd\u529b\u6355\u6349\u8fd9\u4e00\u5207\u7684\u534f\u8bae\u3002<\/p>\n<h3 dir=\"ltr\">\u4e00\u3001Ethena \u7684\u7a33\u5b9a\u5e01\uff1a\u9a71\u52a8\u4e00\u5207\u7684\u6d41\u52a8\u6027\u5f15\u64ce<\/h3>\n<p dir=\"ltr\">\u5927\u591a\u6570\u534f\u8bae\u53ea\u53d1\u884c\u4e00\u79cd\u7a33\u5b9a\u5e01\uff0c\u800c Ethena \u6784\u5efa\u4e86\u4e00\u4e2a\u96c6\u6210\u7684\u7a33\u5b9a\u5e01\u7cfb\u7edf\u2014\u2014\u6bcf\u79cd\u8d44\u4ea7\u6839\u636e\u5e02\u573a\u72b6\u51b5\u6216\u7528\u6237\u7279\u5f81\u53d1\u6325\u7740\u4e0d\u540c\u7684\u4f5c\u7528\uff0c\u4f46\u90fd\u7531\u540c\u4e00\u4e2a\u5e95\u5c42\u5f15\u64ce\u9a71\u52a8\u3002<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/Hqc5CXn9k3.jpg\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" \/><\/p>\n<pre dir=\"ltr\">USDe \u548c USDtb \u4f4d\u5217\u5341\u5927\u7a33\u5b9a\u5e01<\/pre>\n<p dir=\"ltr\"><strong>USDe\uff1a\u7b2c\u4e09\u5927\u7a33\u5b9a\u5e01\uff08\u5e02\u503c 48.1 \u4ebf\u7f8e\u5143\uff09<\/strong><\/p>\n<p dir=\"ltr\">USDe \u662f\u5f00\u542f\u4e00\u5207\u7684\u5408\u6210\u7f8e\u5143\u3002<\/p>\n<p dir=\"ltr\">USDe \u662f DeFi \u6d41\u52a8\u6027\u7684\u57fa\u7840\u5c42\u3002\u5176\u4f9b\u5e94\u91cf\u8d85\u8fc7 48 \u4ebf\u7f8e\u5143\uff0c\u5728\u98ce\u9669\u504f\u597d\u5e02\u573a\u4e2d\u84ec\u52c3\u53d1\u5c55\u2014\u2014\u5229\u7528\u6c38\u7eed\u8d44\u91d1\u6ea2\u4ef7\u6765\u4ea7\u751f\u53ef\u6301\u7eed\u7684\u94fe\u4e0a\u6536\u76ca\u3002<\/p>\n<p dir=\"ltr\">\u8fd9\u4e0d\u4ec5\u662f\u88ab\u52a8\u8d44\u672c\uff0c\u800c\u662f\u9ad8\u6548\u7684\u6d41\u52a8\u6027\uff0c\u63a5\u5165\u4e86\u6bcf\u4e2a\u4e3b\u8981\u7684 DeFi \u5806\u6808\u3002<\/p>\n<p dir=\"ltr\"><strong>USDtb\uff1a\u7b2c\u516b\u5927\u7a33\u5b9a\u5e01\uff08\u5e02\u503c 14.4 \u4ebf\u7f8e\u5143\uff09<\/strong><\/p>\n<p dir=\"ltr\">\u5f53\u6536\u76ca\u7387\u4e0b\u964d\u6216\u6ce2\u52a8\u7387\u98d9\u5347\u65f6\uff0cUSDtb \u5c31\u4f1a\u53d1\u6325\u4f5c\u7528\u3002<\/p>\n<p dir=\"ltr\">USDtb \u7531\u8d1d\u83b1\u5fb7 BUIDL \u57fa\u91d1\u652f\u6301\u7684\u4ee3\u5e01\u5316\u7f8e\u56fd\u56fd\u503a\u652f\u6301\uff0c\u4e3a\u4f20\u7edf\u91d1\u878d (TradFi) \u7528\u6237\u63d0\u4f9b\u4e86\u4e00\u79cd\u907f\u9669\u4e14\u6709\u6536\u76ca\u7684\u66ff\u4ee3\u65b9\u6848\u3002<\/p>\n<p dir=\"ltr\">\u5b83\u589e\u5f3a\u4e86 Ethena \u7cfb\u7edf\u7684\u97e7\u6027\uff0c\u5e73\u8861\u4e86 USDe \u7684\u52a8\u6001\u6536\u76ca\u548c\u56fd\u503a\u7ea7\u522b\u7684\u7a33\u5b9a\u6027\u3002<\/p>\n<p dir=\"ltr\">\u5982\u4eca\uff0c\u8fd9\u4e24\u79cd\u8d44\u4ea7\u5747\u5df2\u8dfb\u8eab\u5341\u5927\u7a33\u5b9a\u5e01\u4e4b\u5217\uff0cEthena \u5df2\u7a33\u56fa\u5176\u5728\u52a0\u5bc6\u6d41\u52a8\u6027\u4e2d\u7684\u6838\u5fc3\u5730\u4f4d\u3002<\/p>\n<h3 dir=\"ltr\">\u4e8c\u3001sUSDe\uff1a\u63a8\u52a8 Ethena \u6269\u5f20\u7684\u5f15\u64ce<\/h3>\n<p dir=\"ltr\">\u8d28\u62bc USDe\uff0c\u5373\u53ef\u83b7\u5f97 sUSDe\u2014\u2014Ethena \u5408\u6210\u7f8e\u5143\u7684\u6536\u76ca\u7248\u672c\u3002\u5728\u534f\u8bae\u6536\u76ca\u7684\u652f\u6301\u4e0b\uff0csUSDe \u5df2\u6210\u4e3a Ethena \u6574\u5408\u548c\u6d41\u52a8\u6027\u589e\u957f\u7684\u6838\u5fc3\u9a71\u52a8\u529b\u3002<\/p>\n<p dir=\"ltr\">\u968f\u7740\u5e02\u573a\u8f6c\u6696\uff0c\u5e74\u5316\u6536\u76ca\u7387\u56de\u5347\u81f3 8% \u5de6\u53f3\uff0csUSDe \u518d\u6b21\u6210\u4e3a DeFi \u4e2d\u6700\u5177\u7ec4\u5408\u6027\u548c\u53ef\u9760\u6027\u7684\u94fe\u4e0a\u6536\u76ca\u6765\u6e90\u4e4b\u4e00\u3002<\/p>\n<p dir=\"ltr\">\u4e0b\u9762\u4e86\u89e3\u5176\u8fd0\u4f5c\u673a\u5236\uff1a<\/p>\n<p dir=\"ltr\"><strong>1. Pendle \u548c Aave\uff1a\u6536\u76ca\u548c\u8d44\u672c\u6548\u7387\u6700\u5927\u5316<\/strong><\/p>\n<p dir=\"ltr\">\u5728 Pendle \u548c Aave \u4e2d\uff0cUSDe\/sUSDe \u5df2\u9010\u6e10\u6210\u4e3a\u56fa\u5b9a\u6536\u76ca\u3001\u501f\u8d37\u548c\u6760\u6746\u5faa\u73af\u7684\u9996\u9009\u7a33\u5b9a\u5e01\uff1a<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">PT USDe\u3001PT sUSDe \u548c PT eUSDe \u7684\u6536\u76ca\u7387\u59cb\u7ec8\u4fdd\u6301\u5728 9-10% \u7684\u533a\u95f4\u3002<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u8fd9\u4e9b PT \u8fd8\u5728 Aave \u4e0a\u5f97\u5230\u652f\u6301\uff0c\u4ece\u800c\u5b9e\u73b0\u539f\u751f DeFi \u56fa\u5b9a\u6536\u76ca\u7b56\u7565\u3002<\/li>\n<li dir=\"ltr\" role=\"presentation\">eUSDe\uff0c\u5373\u5728 Ethereal \u4e0a\u8d28\u62bc\u7684\u7248\u672c\uff0c\u8fdb\u4e00\u6b65\u52a0\u6df1\u4e86\u6d41\u52a8\u6027\u5e76\u589e\u52a0\u4e86\u7ec4\u5408\u6027\u3002<\/li>\n<\/ul>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/Yq51U2pSmx.jpg\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" width=\"1388\" height=\"637\" \/><\/p>\n<p dir=\"ltr\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/0301mX3Cf5.jpg\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" \/><\/p>\n<p dir=\"ltr\"><strong>2. Hyperliquid x HyperEVM\uff1aUSDe \u7684\u65b0\u9886\u57df<\/strong><\/p>\n<p dir=\"ltr\">Ethena \u8fdb\u519b Hyperliquid \u4ea4\u6613\u6240\u548c HyperEVM\uff0c\u5f00\u542f\u4e86\u91cd\u8981\u7684\u5206\u9500\uff1a<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/hMDXXkd7lA.png\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" \/><\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">USDe \u5728 Hyperliquid \u4e0a\u7ebf\uff0c\u5e76\u4e3a\u6301\u6709\u8005\u63d0\u4f9b\u7a7a\u6295\u5956\u52b1\u3002<\/li>\n<li dir=\"ltr\" role=\"presentation\">USDe \u8fc5\u901f\u6210\u4e3a\u4ea4\u6613\u6240\u4ea4\u6613\u91cf\u524d\u56db\u7684\u8d44\u4ea7\u3002<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u5728 HyperEVM \u4e0a\uff0cUSDe \u548c sUSDe \u7684 power Curve \u6c60\uff08\u5982 feUSD\/USDe\uff09\u589e\u5f3a\u4e86\u951a\u5b9a\u7a33\u5b9a\u6027\u548c\u8de8\u94fe\u80fd\u529b\u3002<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u5956\u52b1\u901a\u8fc7 Merkl \u81ea\u52a8\u53d1\u653e\uff0c\u65e0\u9700\u624b\u52a8\u9886\u53d6\u3002<\/li>\n<\/ul>\n<p dir=\"ltr\">\u7b80\u800c\u8a00\u4e4b\uff1aEthena \u6b63\u5d4c\u5165 Hyperliquid \u7684\u539f\u751f\u6d41\u52a8\u6027\u5c42\uff0c\u800c Hyperliquid \u662f\u589e\u957f\u6700\u5feb\u7684\u751f\u6001\u7cfb\u7edf\u3002<\/p>\n<p dir=\"ltr\"><strong>3. TON + Telegram\uff1a\u5341\u4ebf\u7528\u6237\u7684\u4e92\u8054\u7f51\u8d27\u5e01<\/strong><\/p>\n<p dir=\"ltr\">\u6700\u5927\u7684\u89e3\u9501\uff1f<\/p>\n<p dir=\"ltr\">\u901a\u8fc7 Ethena x TON \u7684\u96c6\u6210\uff0c\u4e3a Telegram \u7684 10 \u4ebf\u591a\u7528\u6237\u63d0\u4f9b\u50a8\u84c4\u8d26\u6237\u3002<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">USDe\/tsUSDe \u5df2\u5728\u6240\u6709\u4e3b\u6d41 TON \u94b1\u5305\u63a8\u51fa\uff08\u5373\u5c06\u5b8c\u6210\uff09<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u7528\u6237\u53ef\u4ee5\u50cf Toncoin \u6216 USDT \u4e00\u6837\u53d1\u9001\u3001\u6d88\u8d39\u548c\u50a8\u84c4 USDe<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u5c0f\u7a0b\u5e8f\u8ba9\u7528\u6237\u6700\u9ad8\u53ef\u83b7\u5f97 18% \u7684\u5e74\u5316\u6536\u76ca\u7387\uff088% \u7684\u539f\u751f\u6536\u76ca + \u901a\u8fc7 TON \u94fe\u83b7\u5f97 10% \u7684 TON \u52a0\u6210\uff09<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u5956\u52b1\u901a\u8fc7 tsUSDe \u5728\u94fe\u4e0a\u65e0\u7f1d\u5206\u53d1<\/li>\n<\/ul>\n<p dir=\"ltr\">Ethena \u4e0d\u4ec5\u4ec5\u662f\u4e00\u4e2a DeFi \u5e94\u7528\uff0c\u5176\u6b63\u6210\u4e3a\u9762\u5411\u5168\u7403\u65b0\u5174\u5e02\u573a\u548c\u79fb\u52a8\u4f18\u5148\u7528\u6237\u7684\u539f\u751f\u50a8\u84c4\u5c42\u3002<\/p>\n<h4 dir=\"ltr\">sUSDe \u662f\u53ef\u6269\u5c55\u7684\u6536\u76ca\u5c42<\/h4>\n<p dir=\"ltr\">\u4ece\u9ad8\u6548\u7684 DeFi \u7b56\u7565\uff08Pendle\u3001Aave\uff09\u5230\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4ea4\u6613\u91cf\uff08Hyperliquid\uff09\u4ee5\u53ca Web2 \u7684\u89c4\u6a21\uff08TON\uff09\uff0csUSDe \u6b63\u63a8\u52a8 Ethena \u4ece\u534f\u8bae\u5c42\u5411\u8d27\u5e01\u5c42\u7684\u8f6c\u53d8\u3002<\/p>\n<p dir=\"ltr\">\u663e\u7136\uff0cEthena \u5df2\u6210\u4e3a\u6570\u767e\u4e07\u7528\u6237\u7684\u50a8\u84c4\u5f15\u64ce\u3002\u4e0b\u9762\u8be6\u8ff0\u5c06\u8fdb\u4e00\u6b65\u52a0\u901f\u8fd9\u4e00\u589e\u957f\u7684\u4e24\u4e2a\u91cc\u7a0b\u7891\u3002<\/p>\n<p dir=\"ltr\"><strong>1. \u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u2014\u2014\u7531 Converge \u63d0\u4f9b\u652f\u6301<\/strong><\/p>\n<p dir=\"ltr\">Converge \u662f\u4e00\u4e2a\u4e13\u4e3a\u6570\u5b57\u7f8e\u5143\u548c\u673a\u6784\u91d1\u878d\u6253\u9020\u7684\u7ed3\u7b97\u5c42\uff0c\u7531 Ethena Labs \u548c Securitize \u5171\u540c\u5f00\u53d1\u3002\u5176\u65e8\u5728\u901a\u8fc7\u5c06\u53d7\u76d1\u7ba1\u7684\u91d1\u878d\u5b9e\u4f53\u76f4\u63a5\u8fde\u63a5\u5230 Ethena \u7684\u7a33\u5b9a\u5e01\u57fa\u7840\u8bbe\u65bd\uff0c\u5b9e\u73b0\u5927\u89c4\u6a21\u7684 RWA \u4ee3\u5e01\u5316\u3002<\/p>\n<p dir=\"ltr\">\u501f\u52a9 Converge\uff0cTradFi \u80fd\u591f\u4ee5\u673a\u6784\u89c4\u6a21\u63a5\u5165\u94fe\u4e0a\u91d1\u878d\u3002\u800c\u4e14\u89c4\u6a21\u662f\u771f\u5b9e\u7684\uff1a<\/p>\n<p dir=\"ltr\">Ethena \u548c Securitize \u5171\u540c\u7ba1\u7406\u7740\u8fd1 100 \u4ebf\u7f8e\u5143\u7684\u8d44\u4ea7\u3002\u4ec5\u8fd9\u4e00\u70b9\u5c31\u8db3\u4ee5\u4f7f Converge \u7684\u63a8\u51fa\u4e0e Solana \u7684 TVL \u76f8\u5ab2\u7f8e\u3002<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/Ip74107JD2.jpg\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" \/><\/p>\n<p dir=\"ltr\">\u5173\u952e\u7ec6\u8282\uff1a<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">\u9884\u8ba1 2025 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e0a\u7ebf<\/li>\n<li dir=\"ltr\" role=\"presentation\">Gas \u4ee3\u5e01\uff1aUSDe \u548c USDtb<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u8d28\u62bc\/\u9a8c\u8bc1\uff1a\u901a\u8fc7 Converge \u9a8c\u8bc1\u5668\u7f51\u7edc (CVN) \u8fdb\u884c sENA \u8d28\u62bc<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u968f\u7740\u76d1\u7ba1\u548c\u73b0\u5b9e\u4e16\u754c\u53d1\u884c\u7684\u4e0d\u65ad\u589e\u52a0\uff0cConverge \u5c06 Ethena \u5b9a\u4f4d\u4e3a\u4ee3\u5e01\u5316\u8d44\u672c\u5e02\u573a\u7684\u53ef\u4fe1\u540e\u7aef\u3002<\/li>\n<\/ul>\n<p dir=\"ltr\"><strong>2. Ethereal\uff1a\u57fa\u4e8e Ethena \u6784\u5efa\u7684\u539f\u751f\u6c38\u7eed\u548c\u73b0\u8d27 DEX<\/strong><\/p>\n<p dir=\"ltr\">Ethereal \u662f\u9996\u4e2a\u5728 Ethena \u7f51\u7edc\u4e0a\u53d1\u5e03\u7684\u4e3b\u6d41\u5e94\u7528\u3002\u8fd9\u662f\u4e00\u6b3e\u5177\u6709\u6df1\u5ea6\u6d41\u52a8\u6027\u548c\u673a\u6784\u7ea7\u6267\u884c\u529b\u7684\u4e0b\u4e00\u4ee3\u73b0\u8d27\u548c\u6c38\u7eed DEX\u3002<\/p>\n<p dir=\"ltr\">\u5176\u5b8c\u5168\u7531 Ethena \u7684\u751f\u6001\u7cfb\u7edf\u63d0\u4f9b\u652f\u6301\uff1a<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">USDe \u548c sUSDe \u6784\u6210\u57fa\u7840\u6d41\u52a8\u6027\u5c42<\/li>\n<li dir=\"ltr\" role=\"presentation\">LP \u83b7\u5f97\u79ef\u5206\u548c\u6536\u76ca\u5956\u52b1<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u6267\u884c\u673a\u5236\u65e8\u5728\u964d\u4f4e\u6ed1\u70b9\u5e76\u5b9e\u73b0\u8ba2\u5355\u7c3f\u900f\u660e\u5316<\/li>\n<\/ul>\n<p dir=\"ltr\">\u76ee\u524d\u8fdb\u5c55\u987a\u5229\uff1a\u5728 Season Zero \u671f\u95f4\u5df2\u9884\u5b58\u8d85 12 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/1M7Xl9827D.jpg\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" \/><\/p>\n<p dir=\"ltr\"><strong>$ENA\uff1a\u4ece\u7a33\u5b9a\u5e01\u5230\u94fe\u4e0a\u91d1\u878d\u521b\u65b0<\/strong><\/p>\n<p dir=\"ltr\">\u8d28\u62bc\u7684 $ENA \u4e0d\u518d\u4ec5\u662f\u6cbb\u7406\u5de5\u5177\uff0c\u5176\u6b63\u6210\u4e3a\u4ece Ethena \u4e0d\u65ad\u6269\u5c55\u7684\u6574\u4e2a\u751f\u6001\u4e2d\u83b7\u53d6\u4ef7\u503c\u7684\u5173\u952e\u3002<\/p>\n<p dir=\"ltr\">\u968f\u7740 sUSDe \u5f00\u542f\u65b0\u7684\u6536\u76ca\u8f68\u9053\uff0c\u4ee5\u53ca Ethereal \u548c Converge \u7b49\u5e94\u7528\u4e0a\u7ebf\uff0c$ENA \u6b63\u5904\u4e8e\u8fd9\u4e00\u5207\u7684\u4e2d\u5fc3\u3002<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/dn863YXPT7.jpg\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" \/><\/p>\n<p dir=\"ltr\">Ethena \u7684 2025 \u5e74\u6218\u7565\uff1a<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">\u4ea7\u54c1\u5c42 \u2192 \u8ba9 USDe \u6210\u4e3a\u52a0\u5bc6\u9886\u57df\u6700\u91cd\u8981\u7684\u7a33\u5b9a\u5e01\u4e4b\u4e00<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u5e94\u7528\u5c42 \u2192 \u8d4b\u80fd Ethereal \u7b49 DeFi \u539f\u751f\u5e73\u53f0<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u4ee3\u5e01\u5c42 \u2192 \u6a21\u62df BNB \u7684\u98de\u8f6e\u6548\u5e94\uff0c\u8ba9\u751f\u6001\u4ef7\u503c\u56de\u6d41\u81f3 $ENA \u6301\u6709\u8005<\/li>\n<\/ul>\n<p dir=\"ltr\">\u6218\u7565\u5df2\u5728\u63a8\u8fdb\uff0c\u66f4\u591a\u4eba\u5c06\u5f88\u5feb\u610f\u8bc6\u5230\u8fd9\u4e00\u70b9\u3002<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/19\/images\/rYE6To4L4r.png\" alt=\"\u8d85\u8d8a\u7a33\u5b9a\u5e01\uff1aEthena\u5982\u4f55\u6253\u9020\u94fe\u4e0a\u91d1\u878d\u5f15\u64ce\uff1f\" \/><\/p>\n<p dir=\"ltr\"><strong>\u4f30\u503c\u8bc4\u4f30\uff1a<\/strong><\/p>\n<p dir=\"ltr\">$ENA \u5e02\u503c\u7ea6\u4e3a 22 \u4ebf\u7f8e\u5143\uff0c\u76f8\u5bf9\u4e8e\u5176\u53d1\u5c55\u52bf\u5934\u800c\u8a00\u4ecd\u88ab\u4f4e\u4f30\uff1a<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">\u7531\u8d85 60 \u4ebf\u7f8e\u5143\u7684 USDe \u6d41\u52a8\u6027\u652f\u6491<\/li>\n<li dir=\"ltr\" role=\"presentation\">\u88ab\u4e0d\u65ad\u6269\u5c55\u7684\u73b0\u5b9e\u4e16\u754c\u548c\u94fe\u4e0a\u96c6\u6210\u6240\u73af\u7ed5<\/li>\n<\/ul>\n<p dir=\"ltr\">\u5982\u4eca\uff0c\u5176\u4f30\u503c\u5173\u952e\u5728\u4e8e\u5e02\u573a\u662f\u5426\u610f\u8bc6\u5230 Ethena \u6b63\u5728\u6210\u4e3a\u4ec0\u4e48\uff1f<\/p>\n<p dir=\"ltr\">\u4ece\u6570\u5b57\u7f8e\u5143\u5230\u673a\u6784\u8f68\u9053\uff0cEthena \u6b63\u6784\u5efa\u52a0\u5bc6\u539f\u751f\u91d1\u878d\u7684\u8d27\u5e01\u540e\u7aef\u3002\u5982\u679c\u6210\u529f\uff1f$ENA \u4e0d\u4ec5\u662f\u4e00\u4e2a\u4ee3\u5e01\uff0c\u5b83\u5c06\u6210\u4e3a\u4e0b\u4e00\u5468\u671f\u4e2d\u4e92\u8054\u7f51\u539f\u751f\u8d44\u672c\u7684\u4ee3\u8868\u3002<\/p>\n<p dir=\"ltr\">\u76f8\u5173\u9605\u8bfb\uff1aParaFi Capital\uff1aEthena\u5982\u4f55\u5728\u4e00\u5e74\u534a\u6210\u957f\u4e3aDeFi\u57fa\u77f3\uff1f<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u8005\uff1aTindorr, \u52a0\u5bc6 KOL \u7f16\u8bd1\uff1aFelix, PANews \u8fc7\u53bb\u4e00\u76f4\u8ba4\u4e3a Ethena \u53ea\u662f\u4e00\u79cd\u7a33 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=917"}],"version-history":[{"count":0,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/media\/918"}],"wp:attachment":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=917"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}