{"id":380,"date":"2025-01-04T06:43:10","date_gmt":"2025-01-03T22:43:10","guid":{"rendered":"https:\/\/www.422kb.com\/?p=380"},"modified":"2025-01-04T06:43:10","modified_gmt":"2025-01-03T22:43:10","slug":"%e6%b2%99%e9%87%8c%e6%b7%98%e9%87%91%ef%bc%9a%e5%af%bb%e6%89%be%e7%a9%bf%e8%b6%8a%e7%89%9b%e7%86%8a%e7%9a%84%e9%95%bf%e7%ba%bf%e6%8a%95%e8%b5%84%e6%a0%87%e7%9a%84%ef%bc%882025%e7%89%88%e4%b8%8a","status":"publish","type":"post","link":"https:\/\/www.tidai.net\/?p=380","title":{"rendered":"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09"},"content":{"rendered":"<h1 class=\"art_tit\">\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09<\/h1>\n<div class=\"content_text\">\n<h2 class=\"customstyle_text\">\n<p class=\"img-desc customstyle_text\">BTC\u00a0\u5e02\u5360\u7387\u8d70\u52bf\uff0c\u6765\u6e90\uff1aTradingview<\/span><\/p>\n<p>\u672c\u8f6e\u884c\u60c5\u8d70\u5230\u4eca\u5929\uff0c\u57fa\u672c\u5370\u8bc1\u00a0Mint Ventures\u00a0\u5728\u00a024\u00a0\u5e74\u00a03\u00a0\u6708\u300a\u5907\u6218\u725b\u5e02\u4e3b\u5347\u6d6a\uff0c\u6211\u5bf9\u672c\u8f6e\u5468\u671f\u7684\u9636\u6bb5\u6027\u601d\u8003\u300b\u4e00\u6587\u4e2d\u7684\u63a8\u6f14\uff0c\u5728\u539f\u6587\u4e2d\u7b14\u8005\u8ba4\u4e3a\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u672c\u8f6e\u725b\u5e02\u00a04\u00a0\u5927\u4fc3\u52a8\u56e0\u7d20\u4e2d\u6ee1\u00a03\u00a0\u7f3a\u00a01\u00a0\uff1a<\/p>\n<\/li>\n<\/ul>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>BTC\u00a0\u7684\u51cf\u534a\uff08\u4f9b\u9700\u8c03\u6574\u7684\u9884\u671f\uff09\uff0c\u221a<\/p>\n<\/li>\n<li>\n<p>\u8d27\u5e01\u653f\u7b56\u7684\u5bbd\u677e\u6216\u5bbd\u677e\u9884\u671f\uff0c\u221a<\/p>\n<\/li>\n<li>\n<p>\u76d1\u7ba1\u653f\u7b56\u7684\u5bbd\u677e\uff0c\u221a<\/p>\n<\/li>\n<li>\n<p>\u65b0\u578b\u8d44\u4ea7\u6a21\u5f0f\u548c\u5546\u4e1a\u6a21\u5f0f\u521b\u65b0\uff0c\u00d7<\/p>\n<\/li>\n<\/ul>\n<p>\u6240\u4ee5\u5e94\u653e\u4f4e\u5bf9\u4e0a\u4e00\u8f6e\u5c71\u5be8\u5e01\u2014\u2014\u5305\u62ec\u667a\u80fd\u5408\u7ea6\u5e73\u53f0\uff08L1\\\\L2\uff09\u3001\u6e38\u620f\u3001Depin\u3001NFT\u3001Defi\u2014\u2014\u7684\u4ef7\u683c\u9884\u671f\uff0c\u56e0\u6b64\u5f53\u65f6\u63a8\u8350\u7684\u672c\u8f6e\u725b\u5e02\u7684\u7b56\u7565\u662f\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u5728\u00a0BTC\u00a0\u548c\u00a0ETH\u00a0\u4e0a\u8fdb\u884c\u66f4\u9ad8\u7684\u914d\u7f6e\u6bd4\u7387\uff08\u4e14\u66f4\u770b\u597d\u00a0BTC\uff0c\u957f\u671f\u00a0BTC\u00a0\u4e3a\u4e3b\uff09<\/p>\n<\/li>\n<li>\n<p>\u63a7\u5236\u5728\u00a0Defi\u3001Gamefi\u3001Depin\u3001NFT\u00a0\u7b49\u5c71\u5be8\u5e01\u4e0a\u7684\u914d\u7f6e\u6bd4\u7387<\/p>\n<\/li>\n<li>\n<p>\u9009\u62e9\u65b0\u8d5b\u9053\u3001\u65b0\u9879\u76ee\u9879\u76ee\u6765\u535a\u00a0Alpha\uff0c\u5305\u62ec\uff1aMeme\u3001AI\u00a0\u548c\u00a0BTC\u00a0\u751f\u6001<\/p>\n<\/li>\n<\/ul>\n<p>\u6587\u7ae0\u53d1\u8868\u622a\u81f3\u76ee\u524d\uff0c\u4ee5\u4e0a\u7b56\u7565\u7684\u6b63\u786e\u6027\u57fa\u672c\u5f97\u5230\u9a8c\u8bc1\uff08\u9664\u4e86\u00a0BTC\u00a0\u751f\u6001\u7684\u8868\u73b0\u4e0d\u5c3d\u5982\u4eba\u610f\uff09\u3002<\/p>\n<p>\u4f46\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u5c3d\u7ba1\u5927\u90e8\u5206\u5c71\u5be8\u9879\u76ee\u672c\u8f6e\u5e01\u4ef7\u8868\u73b0\u840e\u9761\uff0c\u4ecd\u7136\u6709\u5c11\u6570\u5c71\u5be8\u9879\u76ee\u7684\u4ef7\u683c\u8868\u73b0\u5728\u8fc7\u53bb\u4e00\u5e74\u4e2d\u660e\u663e\u597d\u4e8e\u00a0BTC\u00a0\u548c\u00a0ETH\u3002\u6700\u5178\u578b\u7684\u5c31\u662f\u00a0Mint Ventures\u00a0\u5728\u00a024\u00a0\u5e74\u00a07\u00a0\u6708\u521d\uff0c\u5c71\u5be8\u884c\u60c5\u6700\u4f4e\u8ff7\u65f6\u53d1\u8868\u7684\u7814\u62a5\u300a\u5c71\u5be8\u5e01\u8dcc\u8dcc\u4e0d\u4f11\uff0c\u662f\u65f6\u5019\u91cd\u65b0\u5173\u6ce8\u00a0Defi\u00a0\u4e86\u300b\u4e2d\u6240\u63d0\u5230\u7684\u00a0Aave\u00a0\u548c\u00a0Raydium\u00a0\u4e24\u4e2a\u9879\u76ee\u3002<\/p>\n<p>\u4e5f\u6b63\u662f\u4ece\u53bb\u5e74\u00a07\u00a0\u6708\u521d\u5f00\u59cb\uff0cAave\u00a0\u76f8\u5bf9\u4e8e\u00a0BTC\u00a0\u7684\u6700\u9ad8\u6da8\u5e45\u8d85\u8fc7\u00a0215%\u00a0\uff0c\u5bf9\u00a0ETH\u00a0\u6700\u9ad8\u6da8\u5e45\u00a0354%\u00a0\u3002\u5373\u4f7f\u662f\u76ee\u524d\u4ef7\u683c\u5927\u5e45\u56de\u843d\u540e\uff0cAave\u00a0\u76f8\u5bf9\u4e8e\u00a0BTC\u00a0\u6da8\u5e45\u4e5f\u6709\u00a077%\u00a0\uff0c\u5bf9\u00a0ETH\u00a0\u6da8\u5e45\u4e3a\u00a0251%\u00a0\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/86d9a11aeadb751815e2628d8cf93f4b.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u800c\u4ece\u53bb\u5e74\u00a07\u00a0\u6708\u521d\u5f00\u59cb\uff0cRay\u00a0\u76f8\u5bf9\u4e8e\u00a0BTC\u00a0\u7684\u6700\u9ad8\u6da8\u5e45\u8d85\u8fc7\u00a0200%\u00a0\uff0c\u5bf9\u00a0ETH\u00a0\u6700\u9ad8\u6da8\u5e45\u00a0324%\u00a0\u3002\u800c\u76ee\u7531\u4e8e\u00a0Solana\u00a0\u751f\u6001\u6574\u4f53\u4e0b\u8dcc\uff0c\u53e0\u52a0\u906d\u9047\u4e86\u00a0Pump.fun\u00a0\u81ea\u7814\u00a0Dex\u00a0\u7684\u91cd\u5927\u5229\u7a7a\uff0cRay\u00a0\u76f8\u5bf9\u4e8e\u00a0BTC\u00a0\u6da8\u5e45\u4ecd\u4e3a\u6b63\u6570\uff0c\u4e5f\u5927\u5e45\u8dd1\u8d62\u4e86\u00a0ETH\u3002<\/span><\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/4f72e113600498e2ad9d7f5238a6142a.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe1\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Ray\/BTC\u00a0\u6c47\u7387\u8d70\u52bf\uff0c\u6765\u6e90\uff1aTradingview<\/span><\/p>\n<p><span>\u8003\u8651\u5230\u00a0BTC\u00a0\u548c\u00a0ETH\uff08\u5c24\u5176\u662f\u00a0BTC\uff09\u672c\u5468\u671f\u5927\u5e45\u8dd1\u8d62\u4e86\u5927\u90e8\u5206\u5c71\u5be8\u9879\u76ee\uff0cAave\u00a0\u548c\u00a0Ray\u00a0\u7684\u4ef7\u683c\u8868\u73b0\u5728\u4e00\u4f17\u5c71\u5be8\u4e2d\u66f4\u4e3a\u51fa\u4f17\u3002<\/span><\/p>\n<p>\u4e4b\u6240\u4ee5\u5982\u6b64\uff0c\u662f\u56e0\u4e3a\u76f8\u8f83\u5927\u90e8\u5206\u5c71\u5be8\u9879\u76ee\uff0cAave\u00a0\u548c\u00a0Raydium\u00a0\u62e5\u6709\u66f4\u4e3a\u4f18\u8d28\u7684\u57fa\u672c\u9762\uff0c\u4f53\u73b0\u4e3a\u5b83\u4eec\u7684\u6838\u5fc3\u4e1a\u52a1\u6570\u636e\u5747\u5728\u672c\u8f6e\u5468\u671f\u521b\u51fa\u4e86\u5386\u53f2\u65b0\u9ad8\uff0c\u4e14\u62e5\u6709\u72ec\u7279\u7684\u62a4\u57ce\u6cb3\uff0c\u5e02\u573a\u4efd\u989d\u7a33\u56fa\u6216\u5feb\u901f\u6269\u5f20\u3002<\/p>\n<p>\u5373\u4f7f\u662f\u5728\u201c\u5c71\u5be8\u718a\u5e02\u201d\u4e2d\uff0c\u62bc\u6ce8\u57fa\u672c\u9762\u51fa\u4f17\u7684\u9879\u76ee\uff0c\u4e5f\u80fd\u83b7\u5f97\u8d85\u8d8a\u00a0BTC\u00a0\u548c\u00a0ETH\u00a0\u7684\u00a0Alpha\u00a0\u6536\u76ca\uff0c\u8fd9\u4e5f\u662f\u6211\u4eec\u8fdb\u884c\u6295\u7814\u5de5\u4f5c\u7684\u4e3b\u8981\u76ee\u7684\u3002<\/p>\n<p>\u672c\u671f\u7814\u62a5\uff0cMint Ventures\u00a0\u5c06\u4ece\u51e0\u5343\u4e2a\u4e0a\u5e02\u6d41\u901a\u7684\u52a0\u5bc6\u9879\u76ee\u4e2d\u627e\u51fa\u62e5\u6709\u575a\u5b9e\u57fa\u672c\u9762\u7684\u4f18\u8d28\u9879\u76ee\uff0c\u8ddf\u8e2a\u5176\u8fd1\u6765\u7684\u4e1a\u52a1\u8868\u73b0\u548c\u5e02\u573a\u4efd\u989d\uff0c\u5256\u6790\u5176\u7ade\u4e89\u4f18\u52bf\uff0c\u8bc4\u4f30\u5176\u6311\u6218\u548c\u6f5c\u5728\u98ce\u9669\uff0c\u5e76\u5bf9\u5b83\u7684\u4f30\u503c\u63d0\u4f9b\u4e00\u5b9a\u7684\u53c2\u8003\u3002<\/p>\n<p>\u9700\u8981\u5f3a\u8c03\u7684\u662f\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u672c\u6587\u4e2d\u63d0\u5230\u7684\u9879\u76ee\u5728\u67d0\u4e9b\u65b9\u9762\u5177\u6709\u4f18\u52bf\u548c\u5438\u5f15\u529b\uff0c\u4f46\u4e5f\u540c\u65f6\u5b58\u5728\u7740\u5404\u79cd\u95ee\u9898\u548c\u6311\u6218\uff0c\u4e0d\u540c\u7684\u4eba\u8bfb\u5b8c\u672c\u6587\u540e\u53ef\u80fd\u5bf9\u540c\u4e00\u4e2a\u9879\u76ee\u6709\u7740\u622a\u7136\u4e0d\u540c\u7684\u5224\u65ad<\/p>\n<\/li>\n<li>\n<p>\u540c\u6837\uff0c\u672a\u88ab\u672c\u6587\u8c08\u53ca\u7684\u9879\u76ee\uff0c\u4e0d\u610f\u5473\u7740\u5b83\u4eec\u201c\u57fa\u672c\u9762\u4e0d\u4f73\u201d\uff0c\u4e5f\u4e0d\u610f\u5473\u7740\u201c\u6211\u4eec\u4e0d\u770b\u597d\u201d\uff0c\u6b22\u8fce\u7ed9\u6211\u4eec\u63a8\u8350\u4f60\u770b\u597d\u7684\u9879\u76ee\u548c\u7406\u7531<\/p>\n<\/li>\n<li>\n<p>\u672c\u6587\u4e3a\u4e24\u4f4d\u4f5c\u8005\u622a\u81f3\u53d1\u8868\u65f6\u7684\u9636\u6bb5\u6027\u601d\u8003\uff0c\u672a\u6765\u53ef\u80fd\u53d1\u751f\u6539\u53d8\uff0c\u4e14\u89c2\u70b9\u5177\u6709\u6781\u5f3a\u7684\u4e3b\u89c2\u6027\uff0c\u4ea6\u53ef\u80fd\u5b58\u5728\u4e8b\u5b9e\u3001\u6570\u636e\u3001\u63a8\u7406\u903b\u8f91\u7684\u9519\u8bef\uff0c\u672c\u6587\u6240\u6709\u7684\u89c2\u70b9\u5747\u975e\u6295\u8d44\u5efa\u8bae\uff0c\u6b22\u8fce\u540c\u4e1a\u4e0e\u8bfb\u8005\u7684\u6279\u8bc4\u548c\u8fdb\u4e00\u6b65\u63a2\u8ba8<\/p>\n<\/li>\n<\/ul>\n<p>\u6211\u4eec\u5c06\u4ece\u9879\u76ee\u7684\u4e1a\u52a1\u73b0\u72b6\u3001\u7ade\u4e89\u60c5\u51b5\uff0c\u4e3b\u8981\u6311\u6218\u548c\u98ce\u9669\uff0c\u4f30\u503c\u73b0\u72b6\u51e0\u4e2a\u7ef4\u5ea6\u5c55\u5f00\u5206\u6790\uff0c\u4ee5\u4e0b\u4e3a\u6b63\u6587\u90e8\u5206\u3002<\/p>\n<h2 class=\"customstyle_text\">\n<li>\n<p><strong>\u4e1a\u52a1\u73b0\u72b6<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Aave\u00a0\u7684\u4e3b\u8981\u5546\u4e1a\u6a21\u5f0f\u662f\u8fd0\u8425\u70b9\u5bf9\u6c60\u6a21\u5f0f\u7684\u501f\u8d37\u5e73\u53f0\uff0c\u8d5a\u53d6\u501f\u8d37\u7684\u5229\u606f\u6536\u5165\uff0c\u4ee5\u53ca\u62b5\u62bc\u7269\u6e05\u7b97\u65f6\u4ea7\u751f\u7684\u6e05\u7b97\u7f5a\u91d1\u3002\u6b64\u5916\uff0cAave\u00a0\u8fd0\u8425\u7684\u7a33\u5b9a\u5e01\u4e1a\u52a1\u00a0GHO\u00a0\u4e5f\u6765\u5230\u4e86\u7b2c\u4e8c\u5e74\uff0cGHO\u00a0\u5c06\u4e3a\u00a0Aave\u00a0\u521b\u9020\u76f4\u63a5\u7684\u5229\u606f\u6536\u5165\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u8d37\u6b3e\u89c4\u6a21\uff08Active loans\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/28b862a747c198327068623d777aa51c.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe2\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Aave\u00a0\u7684\u8d37\u6b3e\u89c4\u6a21\uff0c\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>Aave\u00a0\u7684\u8d37\u6b3e\u89c4\u6a21\u4ece\u53bb\u5e74\u00a011\u00a0\u6708\u4ee5\u6765\u5c31\u8d85\u8fc7\u4e86\u4e0a\u4e00\u8f6e\uff082021\u00a0\u5e74\u00a011\u00a0\u6708\uff09\u00a0121.4\u00a0\u4ebf\u7684\u5cf0\u503c\uff0c\u76ee\u524d\u6700\u9ad8\u5cf0\u662f\u00a025\u00a0\u5e74\u00a01\u00a0\u6708\u5e95\u65f6\uff0c\u8d37\u6b3e\u91cf\u4e3a\u00a0150.2\u00a0\u4ebf\u7f8e\u91d1\uff0c\u8fd1\u6765\u968f\u7740\u5e02\u573a\u4ea4\u6613\u70ed\u60c5\u8d8b\u51b7\uff0c\u8d37\u6b3e\u89c4\u6a21\u4e5f\u6709\u6240\u56de\u843d\uff0c\u76ee\u524d\u7ea6\u4e3a\u00a0114\u00a0\u4ebf\u7f8e\u91d1\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u534f\u8bae\u6536\u5165\uff08Revenue\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/2db6b53edd6da636f734d08922caaaba.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe3\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Aave\u00a0\u7684\u534f\u8bae\u6536\u5165\uff0c\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>\u4e0e\u8d37\u6b3e\u89c4\u6a21\u4e00\u6837\uff0cAave\u00a0\u7684\u534f\u8bae\u6536\u5165\u4e5f\u4ece\u53bb\u5e74\u00a011\u00a0\u6708\u5f00\u59cb\u5c31\u7a33\u5b9a\u8d85\u8fc7\u4e86\u00a021\u00a0\u5e74\u00a010\u00a0\u6708\u7684\u6700\u9ad8\u4f4d\u7f6e\uff0c\u8fc7\u53bb\u4e09\u4e2a\u6708\u00a0Aave\u00a0\u5927\u90e8\u5206\u7684\u65f6\u95f4\u6bcf\u5468\u534f\u8bae\u6536\u5165\u90fd\u5728\u00a0300\u00a0\u4e07\u7f8e\u91d1\u4ee5\u4e0a\uff08\u672a\u5305\u542b\u00a0GHO\u00a0\u7684\u5229\u606f\u6536\u5165\uff09\uff0c\u4e0d\u8fc7\u6700\u8fd1\u4e24\u5468\u968f\u7740\u5e02\u573a\u70ed\u5ea6\u4e0b\u964d\uff0c\u5e02\u573a\u5229\u7387\u8d70\u4f4e\uff0c\u5355\u5468\u534f\u8bae\u6536\u5165\u56de\u843d\u81f3\u00a0200\u00a0\u4e07\u7f8e\u91d1 \u7684\u6c34\u5e73\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4ee3\u5e01\u6fc0\u52b1\uff08Token Incentives\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/96e41987c88b4a2a1ea5477195ead0a6.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe4\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Aave\u00a0\u4ee3\u5e01\u6fc0\u52b1\u652f\u51fa\uff0c\u6570\u636e\u6765\u6e90\uff1aAave Analytics<\/span><\/p>\n<p>Aave\u00a0\u76ee\u524d\u4ecd\u7136\u6709\u5e9e\u5927\u7684\u4ee3\u5e01\u6fc0\u52b1\u89c4\u6a21\uff0c\u5176\u6bcf\u5929\u652f\u51fa\u4ee3\u5e01\u6fc0\u52b1\u6570\u91cf\u4e3a\u00a0822\u00a0\u4e2a\u00a0Aave\uff0c\u6839\u636e\u00a0245\u00a0\u7f8e\u5143\u7684\u00a0Aave\u00a0\u5e02\u4ef7\uff0c\u5176\u5bf9\u5e94\u4ef7\u503c\u7ea6\u4e3a\u00a020\u00a0\u4e07\u7f8e\u91d1\uff0c\u8fd9\u90e8\u5206\u8f83\u9ad8\u7684\u6fc0\u52b1\u4ef7\u503c\uff0c\u6e90\u4e8e\u6700\u8fd1\u534a\u5e74\u00a0Aave\u00a0\u4ee3\u5e01\u7684\u5927\u5e45\u4e0a\u6da8\u3002<\/p>\n<p>\u4e0d\u8fc7\u8981\u6ce8\u610f\u7684\u662f\uff0c\u4e0e\u5927\u90e8\u5206\u901a\u8fc7\u4ee3\u5e01\u6fc0\u52b1\u76f4\u63a5\u523a\u6fc0\u4e1a\u52a1\u6307\u6807\u7684\u505a\u6cd5\u4e0d\u540c\uff0cAave\u00a0\u7684\u4ee3\u5e01\u6fc0\u52b1\u5e76\u4e0d\u76f4\u63a5\u9488\u5bf9\u7528\u6237\u5b58\u501f\u7684\u6838\u5fc3\u884c\u4e3a\uff0c\u800c\u662f\u6fc0\u52b1\u5b58\u6b3e\u4fdd\u969c\u57fa\u91d1\u3002\u56e0\u6b64\u00a0Aave\u00a0\u7684\u5b58\u501f\u4e1a\u52a1\u6570\u636e\u4ecd\u662f\u57fa\u4e8e\u6709\u673a\u7684\u9700\u6c42\u4ea7\u751f\u7684\u3002<\/p>\n<p>\u4e0d\u8fc7\u5728\u7b14\u8005\u770b\u6765\uff0cAave\u00a0\u5728\u4fdd\u9669\u5e93\u4e0a\u7684\u6fc0\u52b1\u89c4\u6a21\u4ecd\u7136\u8fc7\u9ad8\uff0c\u76ee\u524d\u7684\u6fc0\u52b1\u89c4\u6a21\u81f3\u5c11\u53ef\u4ee5\u964d\u4f4e\u4e00\u534a\u4ee5\u4e0a\u3002\u4e0d\u8fc7\u968f\u7740\u00a0Aave \u65b0\u7ecf\u6d4e\u6a21\u578b\u7684\u4e00\u7cfb\u5217\u529f\u80fd\uff0c\u5c24\u5176\u662f\u65b0\u7684\u4fdd\u9669\u6a21\u5757\u00a0Umbrella\u00a0\u4e0a\u7ebf\u540e\uff0c\u5c06\u4e0d\u518d\u91c7\u7528\u00a0Aave\u00a0\u7528\u4e8e\u6fc0\u52b1\u3002<\/p>\n<p>\u5173\u4e8e\u00a0Aave\u00a0\u65b0\u7ecf\u6d4e\u6a21\u578b\u7684\u5185\u5bb9\uff0c\u53ef\u4ee5\u9605\u8bfb\u00a0Mint Ventures\u00a0\u53bb\u5e74\u53d1\u8868\u7684\u300a\u5f00\u542f\u56de\u8d2d\u5206\u7ea2\u3001\u5b89\u5168\u6a21\u5757\u5347\u7ea7\uff1a\u6df1\u5165\u89e3\u8bfb\u00a0Aave\u00a0\u65b0\u7ecf\u6d4e\u6a21\u578b\u300b\u4e00\u6587\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u7ade\u4e89\u60c5\u51b5<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u4ece\u8d37\u6b3e\u89c4\u6a21\uff08EVM\u00a0\u94fe\uff09\u6765\u770b\uff0cAave\u00a0\u7684\u5e02\u573a\u5360\u6709\u7387\u4e00\u76f4\u6bd4\u8f83\u7a33\u5b9a\uff0c\u81ea\u00a02021\u00a0\u5e74\u00a06\u00a0\u6708\u4e4b\u540e\u59cb\u7ec8\u5360\u636e\u5e02\u573a\u7b2c\u4e00\u540d\u3002\u5728\u00a02023\u00a0\u5e74\u4e0b\u534a\u5e74\uff0c\u5176\u5e02\u573a\u4efd\u989d\u4e00\u5ea6\u8dcc\u7834\u00a050%\u00a0\uff0c\u4f46\u4ece\u00a024\u00a0\u5e74\u5f00\u59cb\u91cd\u62fe\u5347\u52bf\uff0c\u76ee\u524d\u57fa\u672c\u7a33\u5b9a\u5728\u00a065%\u00a0\u5de6\u53f3\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/de769b2ccc90c9efcc0409f8046199b9.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe5\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>Aave\u00a0\u7684\u7ade\u4e89\u4f18\u52bf<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u622a\u81f3\u7b14\u8005\u53bb\u5e74\u00a07\u00a0\u6708\u5206\u6790\u00a0Aave\u00a0\u81f3\u4eca\uff0cAave\u00a0\u7684\u6838\u5fc3\u7ade\u4e89\u4f18\u52bf\u53d8\u5316\u4e0d\u5927\uff0c\u4e3b\u8981\u6765\u81ea\u4e8e\u00a04\u00a0\u4e2a\u65b9\u9762\uff1a<\/p>\n<p>1.\u5b89\u5168\u4fe1\u7528\u7684\u6301\u7eed\u79ef\u7d2f\uff1a\u5927\u90e8\u5206\u65b0\u7684\u501f\u8d37\u534f\u8bae\u4f1a\u5728\u4e0a\u7ebf\u7684\u4e00\u5e74\u5185\u51fa\u73b0\u5b89\u5168\u4e8b\u6545\uff0cAave\u00a0\u8fd0\u8425\u81f3\u4eca\uff0c\u6ca1\u6709\u53d1\u751f\u8fc7\u4e00\u8d77\u667a\u80fd\u5408\u7ea6\u5c42\u9762\u7684\u5b89\u5168\u4e8b\u6545\u3002\u800c\u4e00\u4e2a\u5e73\u53f0\u7684\u65e0\u98ce\u9669\u5e73\u7a33\u8fd0\u884c\u7d2f\u8ba1\u4e0b\u6765\u7684\u5b89\u5168\u4fe1\u7528\uff0c\u5f80\u5f80\u662f\u00a0Defi\u00a0\u7528\u6237\u5728\u9009\u62e9\u501f\u8d37\u5e73\u53f0\u65f6\u6700\u4f18\u5148\u8003\u8651\u7684\u8981\u7d20\uff0c\u5c24\u5176\u662f\u8d44\u91d1\u4f53\u91cf\u8f83\u5927\u7684\u5de8\u9cb8\u7528\u6237\uff0c\u6bd4\u5982\u5b59\u5b87\u6668\u5c31\u662f\u00a0Aave\u00a0\u7684\u957f\u671f\u4f7f\u7528\u8005\u3002<\/p>\n<p>2.\u53cc\u8fb9\u7f51\u7edc\u6548\u5e94\uff1a\u4e0e\u8bb8\u591a\u4e92\u8054\u7f51\u5e73\u53f0\u4e00\u6837\uff0cDefi\u00a0\u501f\u8d37\u662f\u4e00\u4e2a\u5178\u578b\u7684\u53cc\u8fb9\u5e02\u573a\uff0c\u5b58\u6b3e\u548c\u501f\u6b3e\u7528\u6237\u4e92\u4e3a\u4f9b\u9700\u4e24\u7aef\uff0c\u5b58\u8d37\u7684\u5355\u8fb9\u89c4\u6a21\u589e\u957f\uff0c\u4f1a\u523a\u6fc0\u53e6\u4e00\u8fb9\u7684\u4e1a\u52a1\u91cf\u589e\u957f\uff0c\u8ba9\u540e\u6765\u7684\u7ade\u4e89\u8005\u66f4\u52a0\u96be\u4ee5\u8ffd\u8d76\u3002\u6b64\u5916\uff0c\u5e73\u53f0\u7684\u6574\u4f53\u6d41\u52a8\u6027\u8d8a\u5145\u6c9b\uff0c\u5b58\u8d37\u53cc\u65b9\u7684\u6d41\u52a8\u6027\u8fdb\u51fa\u5c31\u8d8a\u5e73\u6ed1\uff0c\u4e5f\u5c31\u8d8a\u5bb9\u6613\u53d7\u5230\u5927\u8d44\u91d1\u7528\u6237\u7684\u9752\u7750\uff0c\u8fd9\u7c7b\u7528\u6237\u53c8\u53cd\u8fc7\u6765\u523a\u6fc0\u4e86\u5e73\u53f0\u4e1a\u52a1\u7684\u589e\u957f\u3002<\/p>\n<p>3.\u4f18\u79c0\u7684\u00a0DAO\u00a0\u7ba1\u7406\u6c34\u5e73\uff1aAave\u00a0\u534f\u8bae\u5df2\u7ecf\u5b8c\u5168\u5b9e\u73b0\u4e86\u57fa\u4e8e\u00a0DAO\u00a0\u7684\u7ba1\u7406\uff0c\u76f8\u6bd4\u56e2\u961f\u4e2d\u5fc3\u5316\u7684\u7ba1\u7406\u6a21\u5f0f\uff0c\u57fa\u4e8e\u00a0DAO\u00a0\u7684\u7ba1\u7406\u62e5\u6709\u66f4\u5145\u5206\u7684\u4fe1\u606f\u62ab\u9732\uff0c\u5bf9\u91cd\u8981\u51b3\u7b56\u66f4\u5145\u5206\u7684\u793e\u533a\u8ba8\u8bba\u3002\u6b64\u5916\uff0cAave DAO\u00a0\u7684\u793e\u533a\u4e2d\u6d3b\u8dc3\u7740\u4e00\u6279\u6cbb\u7406\u6c34\u5e73\u8f83\u9ad8\u7684\u4e13\u4e1a\u673a\u6784\uff0c\u5305\u62ec\u5934\u90e8\u00a0VC\u3001\u9ad8\u6821\u533a\u5757\u94fe\u4ff1\u4e50\u90e8\u3001\u505a\u5e02\u5546\u3001\u98ce\u9669\u7ba1\u7406\u670d\u52a1\u5546\u3001\u7b2c\u4e09\u65b9\u5f00\u53d1\u56e2\u961f\u3001\u8d22\u52a1\u54a8\u8be2\u56e2\u961f\u7b49\uff0c\u6765\u6e90\u4e30\u5bcc\u591a\u6837\uff0c\u6cbb\u7406\u53c2\u4e0e\u6bd4\u8f83\u79ef\u6781\u3002\u4ece\u9879\u76ee\u7684\u8fd0\u8425\u7ed3\u679c\u6765\u770b\uff0cAave\u00a0\u4f5c\u4e3a\u70b9\u5bf9\u6c60\u501f\u8d37\u670d\u52a1\u7684\u540e\u6765\u8005\uff0c\u5728\u4ea7\u54c1\u5f00\u53d1\u548c\u8d44\u4ea7\u62d3\u5c55\u4e0a\uff0c\u6bd4\u8f83\u597d\u5730\u517c\u987e\u4e86\u589e\u957f\u548c\u5b89\u5168\uff0c\u5b9e\u73b0\u4e86\u5bf9\u8001\u5927\u54e5\u00a0Compound\u00a0\u7684\u8d85\u8d8a\uff0c\u8fd9\u4e2a\u8fc7\u7a0b\u4e2d\u00a0DAO\u00a0\u7684\u6cbb\u7406\u8d77\u5230\u4e86\u5173\u952e\u4f5c\u7528\u3002<\/p>\n<p>4.\u591a\u94fe\u751f\u6001\u5360\u4f4d\uff1aAave\u00a0\u51e0\u4e4e\u5728\u6240\u6709\u7684\u00a0EVM L1\\\\L2\u4e0a\u90fd\u6709\u90e8\u7f72\uff0c\u4e14\u00a0TVL\u00a0\u5728\u5404\u94fe\u57fa\u672c\u90fd\u5904\u4e8e\u5934\u90e8\u4f4d\u7f6e\uff0c\u5728\u00a0Aave\u00a0\u6b63\u5728\u5f00\u53d1\u4e2d\u7684V4\u7248\u672c\u4e2d\uff0c\u5c06\u5b9e\u73b0\u591a\u94fe\u6d41\u52a8\u6027\u7684\u4e32\u8054\uff0c\u8de8\u94fe\u6d41\u52a8\u6027\u7684\u4f18\u52bf\u5c06\u66f4\u52a0\u660e\u663e\u3002\u540e\u7eed\u00a0Aave\u00a0\u8fd8\u5c06\u62d3\u5c55\u81f3\u00a0Aptos\uff08\u9996\u4e2a\u975e\u00a0EVM\u00a0\u94fe\uff09\u3001Linea\uff0c\u5e76\u91cd\u56de\u00a0Sonic\uff08\u524d\u00a0Fantom\uff09\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4e3b\u8981\u6311\u6218\u548c\u98ce\u9669<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Aave\u00a0\u7684\u5e02\u573a\u4efd\u989d\u8fd1\u4e00\u5e74\u591a\u867d\u7136\u4e00\u76f4\u7a33\u4e2d\u6709\u5347\uff0c\u4f46\u662f\u65b0\u7684\u7ade\u4e89\u5bf9\u624b\u00a0Morpho\u00a0\u7684\u53d1\u5c55\u901f\u5ea6\u4e5f\u4e0d\u5bb9\u5c0f\u89c6\u3002<\/p>\n<p>\u76f8\u5bf9\u4e8e\u00a0Aave\u00a0\u7684\u62b5\u62bc\u8d44\u4ea7\u95e8\u7c7b\u3001\u5404\u7c7b\u98ce\u9669\u53c2\u6570\u3001\u9884\u8a00\u673a\u7b49\u7edf\u4e00\u7531\u00a0Aave Dao\u00a0\u96c6\u4e2d\u7ba1\u7406\uff0cMorpho\u00a0\u5219\u8d70\u4e86\u4e00\u6761\u66f4\u52a0\u5f00\u653e\u7684\u6a21\u5f0f\uff1a\u63d0\u4f9b\u4e00\u4e2a\u5f00\u653e\u7684\u501f\u8d37\u57fa\u7840\u534f\u8bae\uff0c\u5141\u8bb8\u514d\u8bb8\u53ef\u5730\u6784\u5efa\u72ec\u7acb\u7684\u501f\u8d37\u5e02\u573a\uff0c\u81ea\u7531\u9009\u62e9\u62b5\u62bc\u8d44\u4ea7\u3001\u98ce\u9669\u53c2\u6570\u548c\u9884\u8a00\u673a\uff1b\u6b64\u5916\uff0c\u8fd8\u5f15\u5165\u4e86\u7531\u7b2c\u4e13\u4e1a\u4e09\u65b9\u673a\u6784\u5982\u00a0Gaunlet\u00a0\u7b49\u6784\u5efa\u7684\u91d1\u5e93\uff08Vault\uff0c\u7c7b\u4f3c\u4e8e\u7406\u8d22\u57fa\u91d1\uff09\uff0c\u7528\u6237\u76f4\u63a5\u628a\u8d44\u91d1\u5b58\u5165\u91d1\u5e93\uff0c\u518d\u7531\u7ba1\u7406\u7684\u673a\u6784\u6743\u8861\u98ce\u9669\u540e\uff0c\u51b3\u5b9a\u628a\u8d44\u91d1\u51fa\u501f\u81f3\u54ea\u4e9b\u501f\u8d37\u5e02\u573a\u83b7\u53d6\u6536\u76ca\u3002<\/p>\n<p>\u8fd9\u79cd\u5f00\u653e\u7ec4\u5408\u7684\u65b9\u5f0f\uff0c\u66f4\u5229\u4e8e\u00a0Morpho\u00a0\u751f\u6001\u5feb\u901f\u8fdb\u5165\u90a3\u4e9b\u6bd4\u8f83\u65b0\u6216\u5c0f\u4f17\u7684\u501f\u8d37\u5e02\u573a\uff0c\u6bd4\u5982\u65b0\u578b\u7a33\u5b9a\u5e01\u9879\u76ee\u00a0Usual\u3001Resolv\uff0c\u5c31\u5728\u00a0Morpho\u00a0\u4e0a\u6784\u5efa\u4e86\u501f\u8d37\u5e02\u573a\uff0c\u65b9\u4fbf\u7528\u6237\u901a\u8fc7\u5faa\u73af\u8d37\u6765\u83b7\u5f97\u9879\u76ee\u6536\u76ca\u6216\u79ef\u5206\u3002<\/p>\n<p>\u5173\u4e8e\u00a0Morpho\u00a0\u7684\u66f4\u591a\u4fe1\u606f\uff0c\u6211\u5c06\u5728\u540e\u6587\u8be6\u7ec6\u5206\u6790\u3002<\/p>\n<p>\u9664\u4e86\u6765\u81ea\u4ee5\u592a\u574a\u751f\u6001\u7684\u7ade\u4e89\uff0cAave\u00a0\u7684\u53d1\u5c55\u8fd8\u53d7\u5230\u4ee5\u592a\u574a\u751f\u6001\u4e0e\u5176\u4ed6\u9ad8\u6027\u80fdL1\u7ade\u4e89\u7684\u5f71\u54cd\uff0c\u5982\u679c\u4ee5\u00a0Solana\u00a0\u4e3a\u4ee3\u8868\u7684\u751f\u6001\u7ee7\u7eed\u4fb5\u8680\u4ee5\u592a\u574a\u7684\u5730\u76d8\uff0c\u91cd\u5175\u4ee5\u592a\u574a\u751f\u6001\u7684\u00a0Aave\u00a0\u7684\u4e1a\u52a1\u4e0a\u9650\u65e0\u7591\u5c06\u53d7\u5230\u9650\u5236\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u52a0\u5bc6\u5e02\u573a\u7684\u9ad8\u5ea6\u5468\u671f\u6027\u4e5f\u4f1a\u76f4\u63a5\u5f71\u54cd\u00a0Aave\u00a0\u7684\u7528\u6237\u9700\u6c42\u3002\u5f53\u5e02\u573a\u8fdb\u5165\u718a\u5e02\u5468\u671f\uff0c\u5e02\u573a\u4e0a\u7684\u6295\u673a\u3001\u5957\u5229\u7a7a\u95f4\u5feb\u901f\u840e\u7f29\uff0cAave\u00a0\u7684\u501f\u8d37\u89c4\u6a21\u548c\u534f\u8bae\u6536\u5165\u4e5f\u4f1a\u5927\u5e45\u4e0b\u964d\uff0c\u8fd9\u4e5f\u662f\u5404\u7c7b\u501f\u8d37\u534f\u8bae\u7684\u5171\u6027\uff0c\u540e\u7eed\u4e0d\u518d\u8d58\u8ff0\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4f30\u503c\u53c2\u8003<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u4ece\u7eb5\u5411\u4f30\u503c\u53c2\u8003\u6765\u770b\uff0cAave\u00a0\u76ee\u524d\u00a0PS\uff08\u5168\u6d41\u901a\u5e02\u503c\u548c\u534f\u8bae\u6536\u5165\u4e4b\u6bd4\uff09\u4e3a\u00a028.23\u00a0\uff0c\u5904\u4e8e\u8fc7\u53bb\u4e00\u5e74\u7684\u4e2d\u4f4d\u533a\u95f4\uff0c\u8ddd\u79bb\u00a021-23\u00a0\u5e74\u9ad8\u5cf0\u65f6\u671f\u7684\u4e0a\u767e\u7684\u00a0PS\u00a0\u503c\u4ecd\u6709\u5f88\u5927\u8ddd\u79bb\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/edafbb438198ff773df811dbdea9a18d.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe6\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u4e3b\u6d41\u501f\u8d37\u534f\u8bae\u7684\u00a0PS\uff08\u4ee5\u00a0FDV\u00a0\u4e3a\u57fa\u51c6\uff09\uff0c\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>\u6a2a\u5411\u5bf9\u6bd4\u6765\u770b\uff0cAave\u00a0\u7684\u00a0PS\u00a0\u6307\u6807\u8fdc\u4f4e\u4e8e\u00a0Compound\u3001Silo\u3001benqi\u00a0\u7b49\u534f\u8bae\uff0c\u9ad8\u4e8e\u00a0Venus\u3002<\/p>\n<p>\u4f46\u662f\u9700\u8981\u8003\u8651\u7684\u662f\uff0cDefi\u00a0\u4e0e\u4f20\u7edf\u91d1\u878d\u4f01\u4e1a\u7c7b\u4f3c\uff0c\u5176\u6536\u76ca\u500d\u6570\u5177\u6709\u6781\u5f3a\u7684\u5468\u671f\u6027\uff0c\u5f80\u5f80\u5448\u73b0\u725b\u5e02\u65f6\u00a0PS\u00a0\u5feb\u901f\u8d70\u4f4e\uff0c\u718a\u5e02\u53cd\u800c\u9ad8\u4f01\u7684\u60c5\u51b5\u3002<\/p>\n<h3 class=\"customstyle_text\">\n<li>\n<p><strong>\u4e1a\u52a1\u73b0\u72b6<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Morpho\u00a0\u65d7\u4e0b\u62e5\u6709\u591a\u4e2a\u4ea7\u54c1\uff0c\u5177\u4f53\u6765\u8bf4\u5305\u62ec\uff1a<\/p>\n<p>1.Morpho Optimizers<\/p>\n<p>Morpho\u00a0\u7684\u521d\u59cb\u4ea7\u54c1\uff0c\u65e8\u5728\u63d0\u5347\u73b0\u6709\u00a0DeFi\u00a0\u501f\u8d37\u534f\u8bae\uff08\u5982 Aave \u548c Compound\uff09\u7684\u8d44\u672c\u6548\u7387\u3002\u901a\u8fc7\u5c06\u7528\u6237\u8d44\u91d1\u5b58\u653e\u5728\u8fd9\u4e9b\u5e73\u53f0\u4e0a\u5e76\u8d5a\u53d6\u57fa\u7840\u6536\u76ca\uff0c\u540c\u65f6\u6839\u636e\u501f\u8d37\u9700\u6c42\u8fdb\u884c\u70b9\u5bf9\u70b9\u8d44\u91d1\u5339\u914d\uff0c\u4f18\u5316\u8d44\u91d1\u4f7f\u7528\u6548\u7387\u3002<\/p>\n<p>Morpho Optimizers\u00a0\u4f5c\u4e3a\u00a0Morpho\u00a0\u7684\u521d\u4ee3\u4ea7\u54c1\uff0c\u4e3a\u5176\u79ef\u7d2f\u4e86\u5927\u91cf\u7528\u6237\u548c\u8d44\u91d1\uff0c\u8ba9\u5176\u540e\u7eed\u63a8\u51fa\u00a0Morpho Blue\u00a0\u4e4b\u540e\u907f\u514d\u4e86\u4ece\u5934\u51b7\u542f\u52a8\u3002\u4e0d\u8fc7\u00a0Morpho Optimizers\u00a0\u5c3d\u7ba1\u76ee\u524d\u8fd8\u6709\u4e0d\u5c11\u8d44\u91d1\uff0c\u4f46\u662f\u5176\u5339\u914d\u529f\u80fd\u5e26\u6765\u7684\u5229\u7387\u4f18\u5316\u5df2\u7ecf\u4f4e\u5230\u57fa\u672c\u53ef\u4ee5\u5ffd\u7565\uff0c\u8fd9\u6b3e\u4ea7\u54c1\u4e5f\u4e0d\u518d\u662f\u00a0Morpho\u00a0\u7684\u53d1\u5c55\u91cd\u70b9\uff0c\u5e76\u4ece\u53bb\u5e74\u00a012\u00a0\u6708\u5f00\u59cb\u7981\u6b62\u518d\u8fdb\u884c\u8d44\u91d1\u7684\u5b58\u5165\u548c\u501f\u51fa\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/699b180f75f2f0b96f528eebc75dbe2e.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe7\" \/><\/p>\n<p class=\"img-desc customstyle_text\">2.Morpho Blue\uff08\u6216\u7b80\u79f0\u4e3a\u00a0Morpho\uff09<\/span><\/p>\n<p>Morpho Blue\u00a0\u662f\u4e00\u4e2a\u65e0\u8bb8\u53ef\u7684\u501f\u8d37\u57fa\u7840\u5c42\uff0c\u5141\u8bb8\u7528\u6237\u521b\u5efa\u81ea\u5b9a\u4e49\u7684\u501f\u8d37\u5e02\u573a\u3002\u7528\u6237\u53ef\u4ee5\u81ea\u7531\u9009\u62e9\u62b5\u62bc\u8d44\u4ea7\u3001\u8d37\u6b3e\u8d44\u4ea7\u3001\u6e05\u7b97\u6bd4\u7387\uff08LLTV\uff09\u3001\u9884\u8a00\u673a\u548c\u5229\u7387\u6a21\u578b\u7b49\u53c2\u6570\uff0c\u521b\u5efa\u72ec\u7acb\u5e02\u573a\u3002\u8be5\u534f\u8bae\u7684\u8bbe\u8ba1\u786e\u4fdd\u4e86\u65e0\u9700\u5916\u90e8\u6cbb\u7406\u5e72\u9884\uff0c\u5e02\u573a\u521b\u5efa\u8005\u80fd\u591f\u6839\u636e\u81ea\u8eab\u8bc4\u4f30\u7ba1\u7406\u98ce\u9669\u548c\u6536\u76ca\uff0c\u4ece\u800c\u6ee1\u8db3\u4e0d\u540c\u7684\u5e02\u573a\u9700\u6c42\u3002<\/p>\n<p>Morpho Blue\u00a0\u5728\u63a8\u51fa\u540e\uff0c\u5176\u5feb\u901f\u7684\u4e1a\u52a1\u589e\u957f\u5f88\u5feb\u8ba9\u501f\u8d37\u9f99\u5934\u00a0Aave\u00a0\u611f\u53d7\u5230\u4e86\u538b\u529b\uff0cAave\u00a0\u968f\u540e\u63a8\u51fa\u4e86\u9488\u5bf9\u7528\u6237\u7684\u00a0Merit\u00a0\u6fc0\u52b1\u8ba1\u5212\uff0c\u9664\u4e86\u6309\u6fc0\u52b1\u89c4\u5219\u4f7f\u7528\u00a0Aave\u00a0\u7684\u7528\u6237\u5c06\u83b7\u5f97\u5956\u52b1\u4e4b\u5916\uff0c\u540c\u65f6\u4f7f\u7528\u00a0Morpho\u00a0\u7684\u5730\u5740\u5c06\u4f1a\u9762\u4e34\u6fc0\u52b1\u524a\u51cf\u3002<\/p>\n<p>\u5728\u00a0Morpho Blue\u00a0\u63a8\u51fa\u4e4b\u524d\uff0c\u5927\u90e8\u5206\u4e3b\u6253\u5c0f\u4f17\u3001\u65b0\u578b\u8d44\u4ea7\u7684\u9694\u79bb\u501f\u8d37\u5e02\u573a\u9879\u76ee\u57fa\u672c\u90fd\u4e0d\u592a\u6210\u529f\uff0c\u6bd4\u5982\u00a0Euler\u3001Silo\u00a0\u7b49\uff0c\u5927\u90e8\u5206\u8d44\u91d1\u4ecd\u7136\u53d1\u751f\u5728\u00a0Aave\u3001Compound\u3001Spark\u00a0\u8fd9\u6837\u4ee5\u4e3b\u6d41\u84dd\u7b79\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u7269\u7684\u96c6\u4e2d\u7ba1\u7406\u5f0f\u501f\u8d37\u5e73\u53f0\u3002<\/p>\n<p>\u4f46\u00a0Morpho Blue\u00a0\u5982\u4eca\u5df2\u7ecf\u57fa\u672c\u8d70\u901a\u4e86\u8fd9\u6761\u8def\uff0c\u5176\u6210\u529f\u662f\u6765\u81ea\u4e8e\u591a\u4e2a\u65b9\u9762\u7684\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u62e5\u6709\u957f\u671f\u3001\u826f\u597d\u7684\u5b89\u5168\u8bb0\u5f55\u3002\u5728\u00a0Morpho Blue\u00a0\u63a8\u51fa\u4e4b\u524d\uff0cMorpho Optimizers\u00a0\u4e5f\u957f\u671f\u8fd0\u8f7d\u4e86\u5927\u91cf\u7684\u8d44\u91d1\uff0c\u4ece\u672a\u51fa\u8fc7\u95ee\u9898\uff0c\u8fd9\u8ba9\u00a0Defi\u00a0\u7528\u6237\u5bf9\u00a0Morpho\u00a0\u62e5\u6709\u4e0d\u9519\u7684\u54c1\u724c\u4fe1\u4efb\u3002<\/p>\n<\/li>\n<li>\n<p>\u53ea\u505a\u501f\u8d37\u5e02\u573a\u7684\u5e95\u5c42\u534f\u8bae\uff0c\u628a\u652f\u6301\u7684\u8d44\u4ea7\u3001\u8d44\u4ea7\u53c2\u6570\u7684\u8bbe\u8ba1\u3001\u9884\u8a00\u673a\u7684\u9009\u62e9\uff0c\u4ee5\u53ca\u7406\u8d22\u57fa\u91d1\u7684\u7ba1\u7406\u6743\u9650\u5747\u8fdb\u884c\u4e86\u5f00\u653e\uff0c\u8fd9\u5e26\u6765\u7684\u597d\u5904\u6709\uff1a<\/p>\n<\/li>\n<\/ul>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u00a0 \u00a0 \u00a0\u8fdb\u4e00\u6b65\u5f00\u653e\u4e86\u501f\u8d37\u7684\u5e02\u573a\u81ea\u7531\u5ea6\uff0c\u53ef\u4ee5\u66f4\u5feb\u5730\u54cd\u5e94\u501f\u8d37\u5e02\u573a\u4e00\u7ebf\u7684\u9700\u6c42\u3002\u65b0\u7684\u534f\u8bae\u8d44\u4ea7\u53d1\u884c\u65b9\u4f1a\u4e3b\u52a8\u6765\u00a0Morpho\u00a0\u6784\u5efa\u5e02\u573a\uff0c\u63d0\u4f9b\u56f4\u7ed5\u81ea\u5df1\u8d44\u4ea7\u7684\u6760\u6746\u670d\u52a1\uff0c\u800c\u4e13\u4e1a\u7684\u98ce\u9669\u670d\u52a1\u673a\u6784\u5982\u00a0Gaunlet\u00a0\u5219\u53ef\u4ee5\u63a8\u51fa\u81ea\u5df1\u8bc4\u4f30\u7ba1\u7406\u7684\u7406\u8d22\u91d1\u5e93\uff08Vaults\uff09\uff0c\u76f4\u63a5\u901a\u8fc7\u91d1\u5e93\u7684\u8868\u73b0\u8d39\u76c8\u5229\uff0c\u6446\u8131\u4e86\u4ee5\u5f80\u9760\u7ed9\u5927\u578b\u501f\u8d37\u534f\u8bae\uff08Aave\u3001Compound\u3001Venus\uff09\u63d0\u4f9b\u670d\u52a1\u6536\u8d39\u7684\u5355\u4e00\u6a21\u5f0f<\/p>\n<\/li>\n<li>\n<p>\u00a0 \u00a0 \u00a0\u8ba9\u501f\u8d37\u670d\u52a1\u7684\u8fdb\u4e00\u6b65\u4e13\u4e1a\u5206\u5de5\u6210\u4e3a\u53ef\u80fd\uff0c\u5404\u4e2a\u73af\u8282\u7684\u53c2\u4e0e\u8005\u5404\u53f8\u5176\u804c\uff0c\u5728\u57fa\u4e8e\u00a0Morpho Blue\u00a0\u7684\u81ea\u7531\u5e02\u573a\u4e2d\u5145\u5206\u535a\u5f08\uff0c\u4e30\u5bcc\u4e86\u4ea7\u54c1\u7684\u53ef\u9009\u8303\u56f4\uff0c\u66f4\u91cd\u8981\u7684\u662f\uff1a\u901a\u8fc7\u5404\u73af\u8282\u7684\u201c\u81ea\u7531\u5916\u5305\u201d\uff0c\u514d\u9664\u4e86\u56e2\u961f\u81ea\u8425\u76f8\u5173\u4e1a\u52a1\u5e26\u6765\u7684\u6210\u672c\uff0c\u6bd4\u5982\uff1a\u9891\u7e41\u7684\u534f\u8bae\u5347\u7ea7\u548c\u4ee3\u7801\u5ba1\u8ba1\u3001\u4e13\u95e8\u7684\u98ce\u9669\u670d\u52a1\u5546\u8d39\u7528\u7b49<\/p>\n<\/li>\n<\/ul>\n<p>3.MetaMorpho Vaults<\/p>\n<p>MetaMorpho Vaults\u00a0\u662f\u4e3a\u7b80\u5316\u501f\u8d37\u8fc7\u7a0b\u800c\u8bbe\u8ba1\u7684\u8d44\u4ea7\u7ba1\u7406\u5de5\u5177\uff0c\u63d0\u4f9b\u6d41\u52a8\u6027\u548c\u6536\u76ca\u673a\u4f1a\u3002\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u5c06\u8d44\u4ea7\u5b58\u5165\u7531\u4e13\u4e1a\u56e2\u961f\u7ba1\u7406\u7684\u91d1\u5e93\u6765\u8d5a\u53d6\u6536\u76ca\uff0c\u8fd9\u4e9b\u91d1\u5e93\u4f1a\u6839\u636e\u72ec\u7279\u7684\u98ce\u9669\u914d\u7f6e\u548c\u7b56\u7565\u8fdb\u884c\u4f18\u5316\u3002\u76ee\u524d\u5404\u7c7b\u00a0Vaults\u00a0\u5438\u7eb3\u7684\u8d44\u91d1\u7684\u4e3b\u8981\u53bb\u5411\u662f\u5404\u7c7b\u6784\u5efa\u5728\u00a0Morpho Blue\u00a0\u4e0a\u7684\u501f\u8d37\u5e02\u573a\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/35c55d7ebaddc4f5d89c1dc36d2e05ec.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe8\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Morpho\u00a0\u7684\u4ea7\u54c1\u7ed3\u6784\u56fe<\/span><\/p>\n<p>\u5728\u4e86\u89e3\u4e86\u00a0Morpho\u00a0\u7684\u4ea7\u54c1\u60c5\u51b5\u540e\uff0c\u6211\u4eec\u6765\u770b\u4e00\u4e0b\u00a0Morpho\u00a0\u7684\u4e3b\u8981\u4e1a\u52a1\u6570\u636e\u60c5\u51b5\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u8d37\u6b3e\u89c4\u6a21\uff08Active loans\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/a1153c0c308c481898cc266d26c4ca84.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe9\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Morpho\u00a0\u7684\u8d37\u6b3e\u89c4\u6a21\uff0c\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>Morphp\u00a0\u7684\u6700\u9ad8\u8d37\u6b3e\u603b\u89c4\u6a21\u4e0e\u00a0Aave\u00a0\u7c7b\u4f3c\uff0c\u51fa\u73b0\u5728\u00a01\u00a0\u6708\u672b\uff0c\u8fbe\u5230\u00a023.5\u00a0\u4ebf\u7f8e\u91d1\uff0c\u76ee\u524d\u4e3a\u00a019\u00a0\u4ebf\u7f8e\u91d1\u3002<\/p>\n<p>Morpho\u00a0\u76ee\u524d\u5c1a\u672a\u6b63\u5f0f\u542f\u52a8\u534f\u8bae\u6536\u8d39\uff0c\u56e0\u6b64\u5c1a\u6ca1\u6709\u4ea7\u751f\u534f\u8bae\u6536\u5165\uff0c\u4e0d\u8fc7\u6211\u4eec\u53ef\u4ee5\u89c2\u5bdf\u5176\u00a0Fee\uff08\u5b58\u6b3e\u4eba\u4ece\u534f\u8bae\u4e2d\u83b7\u5f97\u7684\u603b\u6536\u5165\uff09\u7684\u91d1\u989d\uff0c\u5e76\u4ee5\u6b64\u63a8\u7b97\u00a0Morpho\u00a0\u540e\u7eed\u5982\u679c\u5f00\u542f\u534f\u8bae\u8d39\u7528\u5f00\u5173\uff0c\u80fd\u4ece\u4e2d\u83b7\u53d6\u7684\u534f\u8bae\u6536\u5165\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/bce324a5518716ea9b08b3608760c61b.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe10\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Morpho\u00a0\u4e0e\u00a0Aave\u00a0\u7684\u00a0Fee\u00a0\u7684\u5bf9\u6bd4\uff0c\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>25\u00a0\u5e74\u00a02\u00a0\u6708\uff0cAave\u00a0\u4ea7\u751f\u7684\u00a0Fee\u00a0\u603b\u8ba1\u00a06712\u00a0\u4e07\u7f8e\u91d1\uff0c\u800c\u00a0Morpho\u00a0\u4e3a\u00a01559\u00a0\u4e07\u7f8e\u91d1\u3002<\/p>\n<p>25\u00a0\u5e74\u00a02\u00a0\u6708\u540c\u671f\uff0cAave\u00a0\u4ece\u4ea7\u751f\u7684\u00a06712\u00a0\u4e07\u7f8e\u91d1\u00a0Fee\u00a0\u5f53\u4e2d\uff0c\u521b\u9020\u4e86\u00a0857\u00a0\u4e07\u7f8e\u91d1\u7684\u534f\u8bae\u6536\u5165\uff0c\u610f\u5473\u7740\u5176\u5927\u81f4\u7684\u8d39\u7528\u7559\u5b58\u7387\u4e3a\u00a0857\/6712\u00a0=\u00a012.8%\u00a0\uff08\u53ea\u662f\u5927\u81f4\u8ba1\u7b97\uff09\u3002<\/p>\n<p>\u8003\u8651\u5230\u00a0Aave\u00a0\u662f\u4e00\u4e2a\u7531\u00a0Aave Dao\u00a0\u81ea\u8425\u7684\u501f\u8d37\u534f\u8bae\uff0c\u5176\u5728\u627f\u62c5\u534f\u8bae\u5404\u9879\u8fd0\u8425\u652f\u51fa\u7684\u540c\u65f6\uff0c\u5176\u501f\u8d37\u5e02\u573a\u7684\u5168\u90e8\u6536\u5165\u90fd\u53ef\u4ee5\u8fdb\u9879\u76ee\u56fd\u5e93\u3002<\/p>\n<p>\u800c\u00a0Morpho\u00a0\u662f\u4e00\u4e2a\u670d\u52a1\u4e8e\u501f\u8d37\u5e02\u573a\u7684\u57fa\u7840\u534f\u8bae\uff0c\u5728\u6b64\u57fa\u7840\u4e0a\u8fd8\u6d3b\u8dc3\u7740\u4f17\u591a\u7b2c\u4e09\u65b9\u53c2\u4e0e\u8005\uff0c\u6bd4\u5982\u5e02\u573a\u7684\u521b\u5efa\u8005\u3001Vault\u00a0\u7684\u8fd0\u8425\u8005\u7b49\u7b49\u3002\u56e0\u6b64\u5373\u4f7f\u672a\u6765\u00a0Morpho\u00a0\u5f00\u542f\u534f\u8bae\u8d39\u7528\u5f00\u5173\u540e\uff0c\u5b83\u80fd\u4ece\u4ea7\u751f\u7684\u00a0Fee\u00a0\u4e2d\u63d0\u53d6\u7684\u534f\u8bae\u6536\u5165\u7684\u6bd4\u7387\u80af\u5b9a\u4f1a\u660e\u663e\u4f4e\u4e8e\u00a0Aave\uff08\u56e0\u4e3a\u9700\u8981\u4e0e\u5176\u4ed6\u670d\u52a1\u65b9\u5171\u4eab\uff09\uff0c\u6211\u9884\u8ba1\u5b9e\u9645\u00a0Morpho\u00a0\u7684\u8d39\u7528\u7559\u5b58\u7387\u5e94\u8be5\u5728\u00a0Aave\u00a0\u7684\u57fa\u7840\u4e0a\u6253\u00a03-5\u00a0\u6298\uff0c\u4e5f\u5c31\u662f\u00a012.812.8*\u00a00.3%\u00a0*\uff0830%\u00a0~\u00a050%\u00a0\uff09=\u00a03.84%\u00a0~\u00a06.4%\u00a0\u3002<\/p>\n<p>\u6211\u4eec\u628a\uff083.84%\u00a0~\u00a06.4%\u00a0\uff09*\u00a01559\u00a0\uff0c\u53ef\u5f97\u51fa\u5047\u8bbe\u00a0Morpho\u00a0\u5f00\u542f\u534f\u8bae\u6536\u8d39\uff0c\u5176\u80fd\u4ece\u00a02\u00a0\u6708\u521b\u9020\u7684\u603b\u8d39\u7528\u00a01559\u00a0\u4e07\u7f8e\u91d1\u4e2d\u83b7\u5f97\u7684\u534f\u8bae\u6536\u5165\uff0c\u5927\u81f4\u5728\u00a059.87\u00a0\u4e07~\u00a099.78\u00a0\u4e07\u7f8e\u91d1\u4e4b\u95f4\uff0c\u662f\u00a0Aave\u00a0\u534f\u8bae\u6536\u5165\u7684\u00a07%\u00a0~\u00a011.6%\u00a0\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4ee3\u5e01\u6fc0\u52b1\uff08Token Incentives\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Morpho\u00a0\u76ee\u524d\u4e5f\u5728\u7528\u81ea\u8eab\u4ee3\u5e01\u00a0Morpho\u00a0\u8fdb\u884c\u6fc0\u52b1\uff0c\u4f46\u4e0e\u00a0Aave\u00a0\u4e0d\u540c\u7684\u662f\uff0cMorpho\u00a0\u76f4\u63a5\u5bf9\u7528\u6237\u7684\u5b58\u501f\u884c\u4e3a\u8fdb\u884c\u6fc0\u52b1\uff0c\u800c\u00a0Aave\u00a0\u662f\u5bf9\u5b58\u6b3e\u4fdd\u9669\u8fdb\u884c\u6fc0\u52b1\u3002\u56e0\u6b64\uff0cMorpho\u00a0\u7684\u6838\u5fc3\u4e1a\u52a1\u6570\u636e\u7684\u6709\u673a\u6027\u4e0d\u5982\u00a0Aave\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/47086ed9fe7f261cd4bbad18b6936388.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe11\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Morpho\u00a0\u7684\u4ee3\u5e01\u6fc0\u52b1\u770b\u677f\uff0c\u6765\u6e90\uff1ahttps:\/\/rewards.morpho.org\/<\/span><\/p>\n<p>\u6839\u636e\u00a0Morpho\u00a0\u7684\u4ee3\u5e01\u6fc0\u52b1\u770b\u677f\uff0c\u5728\u4ee5\u592a\u574a\u5e02\u573a\uff0cMorpho\u00a0\u76ee\u524d\u5bf9\u501f\u6b3e\u884c\u4e3a\u7684\u7efc\u5408\u8865\u8d34\u5229\u7387\u7ea6\u4e3a\u00a00.2%\u00a0\uff0c\u5bf9\u5b58\u6b3e\u884c\u4e3a\u7684\u7efc\u5408\u8865\u8d34\u5229\u7387\u4e3a\u7ea6\u00a02%\u00a0\uff1b\u5728\u00a0Base\u00a0\u5e02\u573a\uff0cMorpho\u00a0\u76ee\u524d\u5bf9\u501f\u6b3e\u884c\u4e3a\u7684\u7efc\u5408\u8865\u8d34\u5229\u7387\u7ea6\u4e3a\u00a00.29%\u00a0\uff0c\u5bf9\u5b58\u6b3e\u884c\u4e3a\u7684\u7efc\u5408\u8865\u8d34\u5229\u7387\u7ea6\u4e3a\u00a03%\u00a0\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u5728\u4ee3\u5e01\u6fc0\u52b1\u4e0a\uff0cMorpho\u00a0\u4e00\u76f4\u5728\u4ee5\u8f83\u9ad8\u7684\u9891\u7387\u8fdb\u884c\u5fae\u8c03\uff0c\u4ece\u53bb\u5e74\u00a012\u00a0\u6708\u8d77\uff0cMorpho\u00a0\u793e\u533a\u53d1\u8d77\u4e86\u4e09\u6b21\u63d0\u6848\uff0c\u6301\u7eed\u8c03\u4f4e\u00a0Morpho\u00a0\u4ee3\u5e01\u5bf9\u7528\u6237\u5b58\u501f\u884c\u4e3a\u7684\u8865\u8d34\u3002<\/p>\n<p>\u6700\u8fd1\u4e00\u6b21\u00a0Morpho\u00a0\u6fc0\u52b1\u8c03\u6574\u53d1\u751f\u5728\u00a02\u00a0\u6708\u00a021\u00a0\u65e5\uff0c\u5c06\u00a0Morpho\u00a0\u5728\u00a0ETH\u00a0\u548c\u00a0BASE\u00a0\u4e0a\u7684\u5956\u52b1\u4ee3\u5e01\u6570\u91cf\u964d\u4f4e\u00a025%\u00a0\uff0c\u8c03\u6574\u540e\u00a0Morpho\u00a0\u7684\u6bcf\u5e74\u6fc0\u52b1\u652f\u51fa\u5c06\u53d8\u6210\uff1a<\/p>\n<p>Ethereum: 11,\u00a0730,\u00a0934.98 MORPHO\/\u5e74<\/p>\n<p>Base: 3,\u00a0185,\u00a0016.06 MORPHO\/\u5e74<\/p>\n<p>\u603b\u8ba1\uff1a\u00a014,\u00a0915,\u00a0951.04 MORPHO\/\u5e74<\/p>\n<p>\u6309\u7167\u4eca\u65e5\uff082024.3.3\uff09\u7684\u00a0Morpho\u00a0\u5e02\u4ef7\u8ba1\u7b97\uff0c\u5bf9\u5e94\u5e74\u5ea6\u6fc0\u52b1\u9884\u7b97\u4e3a\u00a03192\u00a0\u4e07\u7f8e\u91d1\uff0c\u5c31\u00a0Morpho\u00a0\u76ee\u524d\u7684\u534f\u8bae\u89c4\u6a21\u548c\u4ea7\u751f\u8d39\u7528\u800c\u8a00\uff0c\u8fd9\u7b14\u6fc0\u52b1\u91d1\u989d\u663e\u5f97\u76f8\u5f53\u5e9e\u5927\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u9884\u8ba1\u540e\u7eed\u00a0Morpho\u00a0\u8fd8\u4f1a\u7ee7\u7eed\u8c03\u4f4e\u00a0Morpho\u00a0\u7684\u6fc0\u52b1\u652f\u51fa\uff0c\u5e76\u6700\u7ec8\u5b9e\u73b0\u505c\u6b62\u8865\u8d34\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u7ade\u4e89\u60c5\u51b5<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/c4a5b46c6532908a2346d2250c3b3dcb.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe12\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>\u4ece\u603b\u8d37\u6b3e\u91d1\u989d\u7684\u5e02\u573a\u4efd\u989d\u5360\u6bd4\u6765\u770b\uff0cMorpho\u00a0\u5360\u6bd4\u00a010.55%\u00a0\uff0c\u7565\u9ad8\u4e8e\u00a0Spark\uff0c\u4f46\u8ddd\u79bb\u00a0Aave\u00a0\u4ecd\u6709\u8f83\u5927\u5dee\u8ddd\u3002\u5904\u5728\u501f\u8d37\u5e02\u573a\u7684\u7b2c\u4e8c\u68af\u961f\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>Morpho\u00a0\u7684\u7ade\u4e89\u4f18\u52bf<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Morpho\u00a0\u7684\u62a4\u57ce\u6cb3\u4e3b\u8981\u6765\u81ea\u4ee5\u4e0b\u00a02\u00a0\u4e2a\u65b9\u9762\uff1a<\/p>\n<p>1.\u4e0d\u9519\u7684\u5b89\u5168\u5386\u53f2\u3002Morpho\u00a0\u534f\u8bae\u7684\u8bde\u751f\u65f6\u95f4\u4e0d\u7b97\u665a\uff0c\u4ece\u5176\u63a8\u51fa\u6536\u76ca\u4f18\u5316\u4ea7\u54c1\u8ba1\u7b97\uff0c\u5df2\u7ecf\u6709\u5feb\u4e09\u5e74\u7684\u8fd0\u8425\u5386\u53f2\uff0c\u81f3\u4eca\u5c1a\u6ca1\u6709\u53d1\u751f\u8fc7\u91cd\u5927\u7684\u534f\u8bae\u5b89\u5168\u4e8b\u6545\uff0c\u7d2f\u79ef\u8d77\u4e86\u4e0d\u9519\u7684\u5b89\u5168\u53e3\u7891\u3002\u5176\u8d8a\u6765\u8d8a\u5e9e\u5927\u7684\u5438\u7eb3\u8d44\u91d1\u6570\u636e\uff0c\u4e5f\u5728\u4fa7\u9762\u5370\u8bc1\u7740\u7528\u6237\u5bf9\u5176\u7684\u4fe1\u4efb\u3002<\/p>\n<p>2.\u4e13\u6ce8\u4e8e\u501f\u8d37\u57fa\u7840\u534f\u8bae\u3002\u8fd9\u4e2a\u505a\u6cd5\u7684\u597d\u5904\u5728\u4e0a\u6587\u4e0a\u5df2\u7ecf\u5206\u6790\u8fc7\uff0c\u5229\u4e8e\u5438\u7eb3\u66f4\u591a\u53c2\u4e0e\u8005\u8fdb\u5165\u751f\u6001\uff0c\u4ee5\u63d0\u4f9b\u66f4\u52a0\u4e30\u5bcc\u3001\u5feb\u901f\u7684\u501f\u8d37\u5e02\u573a\u9009\u62e9\uff0c\u63d0\u5347\u73af\u8282\u5206\u5de5\u7684\u4e13\u4e1a\u5316\uff0c\u964d\u4f4e\u534f\u8bae\u7684\u8fd0\u8425\u6210\u672c\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4e3b\u8981\u6311\u6218\u548c\u98ce\u9669<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Morpho\u00a0\u7684\u4e3b\u8981\u6311\u6218\u9664\u4e86\u8981\u9762\u4e34\u6765\u81ea\u5176\u4ed6\u501f\u8d37\u534f\u8bae\u7684\u7ade\u4e89\u3001\u4ee5\u592a\u574a\u4e0e\u00a0Solana\u00a0\u7b49L1\u7ade\u4e89\u7684\u751f\u6001\u5f71\u54cd\u4e4b\u5916\uff0c\u5176\u4ee3\u5e01\u672a\u6765\u4e00\u5e74\u5c06\u9762\u4e34\u6bd4\u8f83\u5927\u7684\u89e3\u9501\u629b\u538b\u3002<\/p>\n<p>\u6839\u636e\u00a0tokenomist\u00a0\u6570\u636e\uff0cMorpho\u00a0\u672a\u6765\u4e00\u5e74\u7684\u65b0\u589e\u7684\u4ee3\u5e01\u89e3\u9501\u91cf\uff0c\u76f8\u5f53\u4e8e\u76ee\u524d\u5df2\u6d41\u901a\u4ee3\u5e01\u603b\u91cf\u7684\u00a098.43%\u00a0\uff0c\u4e5f\u5c31\u662f\u8bf4\u672a\u6765\u4e00\u5e74\u7684\u4ee3\u5e01\u901a\u80c0\u7387\u63a5\u8fd1\u00a0100%\u00a0\uff0c\u5176\u4e2d\u5927\u90e8\u5206\u4ee3\u5e01\u5f52\u5c5e\u4e8e\u65e9\u671f\u6218\u7565\u6295\u8d44\u8005\u3001\u65e9\u671f\u8d21\u732e\u8005\u4ee5\u53ca\u00a0Morpho Dao\u3002\u8fd9\u90e8\u5206\u5e9e\u5927\u7684\u4ee3\u5e01\u5957\u73b0\u53ef\u80fd\u4f1a\u5bf9\u4ee3\u5e01\u4ef7\u683c\u5f62\u6210\u8f83\u5927\u7684\u538b\u529b\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4f30\u503c\u53c2\u8003<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u867d\u7136\u00a0Morpho\u00a0\u5c1a\u672a\u5f00\u542f\u534f\u8bae\u8d39\u7528\u5f00\u5173\uff0c\u4f46\u6211\u4eec\u4e0a\u6587\u57fa\u4e8e\u5176\u6240\u521b\u9020\u7684\u534f\u8bae\u8d39\u7528\uff0c\u5df2\u7ecf\u8fdb\u884c\u8fc7\u5176\u5f00\u542f\u6536\u8d39\u540e\u7684\u6536\u5165\u63a8\u7b97\uff0c\u4ee5\u5176\u00a02\u00a0\u6708\u7684\u534f\u8bae\u00a0Fee\u00a0\u4e3a\u57fa\u7840\uff0c\u5176\u63a8\u6d4b\u534f\u8bae\u6536\u5165\u53ef\u80fd\u5728\u00a059.87\u00a0\u4e07~\u00a099.78\u00a0\u4e07\u7f8e\u91d1\u4e4b\u95f4\u3002<\/p>\n<p>\u6839\u636e\u5176\u4eca\u65e5\uff083.3\uff09\u7684\u00a0FDV 2,\u00a0138,\u00a0047,\u00a0873\u00a0\u7f8e\u91d1\uff08Coingecko\u00a0\u6570\u636e\uff09\u7ed3\u5408\u4ee5\u4e0a\u6536\u5165\u6570\u636e\u8ba1\u7b97\uff0c\u5176\u00a0PS\u00a0\u4e3a\uff1a\u00a0178\u00a0~\u00a0297\u00a0\uff0c\u4e0e\u5176\u4ed6\u4e3b\u6d41\u501f\u8d37\u534f\u8bae\u76f8\u6bd4\uff0c\u4f30\u503c\u6c34\u5e73\u660e\u663e\u504f\u9ad8\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/6d6a818f1a23c9ea57199e6604d1812b.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe13\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u4f46\u5982\u679c\u4ee5\u6d41\u901a\u5e02\u503c\u8ba1\u7b97\uff0cMorpho\u00a0\u4eca\u65e5\uff083.3\uff09\u7684\u6d41\u901a\u5e02\u503c\u4e3a\u00a0481,\u00a0361,\u00a0461\u00a0\u7f8e\u91d1\uff08Coingecko\u00a0\u6570\u636e\uff09\uff0c\u5176\u00a0PS\u00a0\u4e3a\uff1a\u00a040.2\u00a0~\u00a067\u00a0\uff0c\u76f8\u6bd4\u5176\u4ed6\u501f\u8d37\u534f\u8bae\u7684\u6307\u6807\u5c31\u4e0d\u7b97\u592a\u8d35\u3002<\/span><\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/47b1ab9c5ad2b304b4e409f4b19090f8.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe14\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\n<li>\n<p><strong>\u4e1a\u52a1\u73b0\u72b6<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u8d37\u6b3e\u89c4\u6a21\uff08Active loans\uff09<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/6aef736a0b066cc692c12807330b5fb7.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe15\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Kamino\u00a0\u7684\u4e3b\u8981\u6570\u636e\u6307\u6807\uff0c\u6570\u636e\u6765\u6e90\uff1ahttps:\/\/risk.kamino.finance\/<\/span><\/p>\n<p>Kamino\u76ee\u524d\u7684\u8d37\u6b3e\u89c4\u6a21\u4e3a\u00a012.7\u00a0\u4ebf\u7f8e\u91d1\uff0c\u6700\u9ad8\u65f6\u8d37\u6b3e\u91cf\u8fbe\u5230\u00a015.38\u00a0\u4ebf\u7f8e\u91d1\uff0c\u540c\u6837\u53d1\u751f\u5728\u4eca\u5e74\u00a01\u00a0\u6708\u4e0b\u65ec\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/9b3e3f7993d667e272524a0d651455a3.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe16\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Kamino\u00a0\u7684\u501f\u6b3e\u89c4\u6a21\u8d70\u52bf\uff0c\u6570\u636e\u6765\u6e90\uff1ahttps:\/\/allez.xyz\/kamino<\/span><\/p>\n<p>\u534f\u8bae\u6536\u5165\uff08Revenue\uff09<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/152c003f2f6294c16cbae7f49f0c5bb1.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe17\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Kamino\u00a0\u534f\u8bae\u603b\u6536\u5165\uff0c\u6765\u6e90\uff1aDefiLlama<\/span><\/p>\n<p>1\u00a0\u6708\u662f\u00a0Kamino\u00a0\u534f\u8bae\u6536\u5165\u6700\u9ad8\u7684\u4e00\u4e2a\u6708\uff0c\u8fbe\u5230\u4e86\u00a0399\u00a0\u4e07\u7f8e\u91d1\u3002\u4e0d\u8fc7\u00a02\u00a0\u6708\u6536\u5165\u4e5f\u4e0d\u9519\uff0c\u4e3a\u00a0343\u00a0\u4e07\u7f8e\u91d1\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/4c044e810f992288b788f2e8978787b9.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe18\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u501f\u8d37\u90e8\u5206\u5360\u4e86\u00a0Kamino\u00a0\u5927\u90e8\u5206\u7684\u534f\u8bae\u6536\u5165\uff0c\u4ee5\u00a01\u00a0\u6708\u4e3a\u4f8b\uff0c\u6765\u81ea\u4e8e\u501f\u8d37\u7684\u534f\u8bae\u6536\u5165\u5360\u6bd4\u4e3a\u00a089.5%\u00a0\u3002<\/span><\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4ee3\u5e01\u6fc0\u52b1\uff08Token Incentives\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u4e0e\u5176\u4ed6\u501f\u8d37\u534f\u8bae\u76f4\u63a5\u7528\u4ee3\u5e01\u6fc0\u52b1\u7528\u6237\u4e0d\u540c\uff0cKamino\u00a0\u91c7\u7528\u672c\u8f6e\u5468\u671f\u51fa\u73b0\u7684\u65b0\u6fc0\u52b1\u65b9\u5f0f\uff0c\u5373\u201c\u8d5b\u5b63\u79ef\u5206\u5236\u201d\uff0c\u7528\u6237\u901a\u8fc7\u5b8c\u6210\u5b98\u65b9\u6307\u5b9a\u7684\u6fc0\u52b1\u884c\u4e3a\uff0c\u83b7\u53d6\u9879\u76ee\u79ef\u5206\uff0c\u7b49\u5230\u8d5b\u5b63\u7ed3\u675f\uff0c\u518d\u6839\u636e\u4e2a\u4eba\u7684\u79ef\u5206\u5360\u6bd4\u5206\u914d\u6bcf\u4e2a\u8d5b\u5b63\u5956\u52b1\u7684\u4ee3\u5e01\u603b\u989d\u3002<\/p>\n<p>Kamino\u00a0\u7b2c\u4e00\u5b63\u7684\u79ef\u5206\u8d5b\u5b63\u6d3b\u52a8\u6301\u7eed\u4e09\u4e2a\u6708\uff0c\u4f5c\u4e3a\u521b\u4e16\u7a7a\u6295\u5171\u9001\u51fa\u4ee3\u5e01\u603b\u91cf\u7684\u00a07.5%\u00a0\uff0c\u7b2c\u4e8c\u5b63\u79ef\u5206\u8d5b\u6d3b\u52a8\u540c\u6837\u6301\u7eed\u4e86\u4e09\u4e2a\u6708\uff0c\u5171\u9001\u51fa\u4e86\u4ee3\u5e01\u603b\u91cf\u7684\u00a03.5%\u00a0\u3002<\/p>\n<p>\u6309\u7167\u76ee\u524d\u4ee3\u5e01\u7684\u4ef7\u683c\u8ba1\u7b97\uff0c\u4ee5\u4e0a\u4e24\u5b63\u6d3b\u52a8\u9001\u51fa\u7684\u603b\u91cf\u00a011%\u00a0\u7684\u00a0KMNO\u00a0\u4ee3\u5e01\u4ef7\u503c\u4e3a\u00a01.05\u00a0\u4ebf\u7f8e\u91d1\uff0c\u800c\u9ad8\u989d\u7684\u4ee3\u5e01\u5956\u52b1\u4e5f\u662f\u63a8\u52a8\u00a0Kamino\u00a0\u8fd1\u4e00\u5e74\u4e1a\u52a1\u6570\u636e\u5feb\u901f\u589e\u957f\u7684\u4e3b\u8981\u63a8\u52a8\u529b\u3002<\/p>\n<p>\u76ee\u524d\u00a0Kamino\u00a0\u7684\u7b2c\u4e09\u79ef\u5206\u8d5b\u5b63\u4ecd\u5728\u8fdb\u884c\u4e2d\uff0c\u4e0e\u8fc7\u5f80\u4e24\u5c4a\u79ef\u5206\u8d5b\u4e0d\u540c\uff0c\u7b2c\u4e09\u8d5b\u5b63\u4ece\u53bb\u5e74\u00a08\u00a0\u6708\u00a01\u00a0\u65e5\u5f00\u542f\uff0c\u81f3\u4eca\u5df2\u7ecf\u6301\u7eed\u4e86\u00a06\u00a0\u4e2a\u591a\u6708\u4ecd\u672a\u7ed3\u675f\uff0c\u4f46\u8fd9\u5e76\u6ca1\u6709\u5ef6\u7f13\u00a0Kamino\u00a0\u7684\u534f\u8bae\u589e\u957f\uff0c\u5982\u679c\u7b2c\u4e09\u5b63\u7a7a\u6295\u4fdd\u6301\u4e0e\u7b2c\u4e8c\u5b63\u7c7b\u4f3c\u7684\u89c4\u6a21\uff0c\u90a3\u7a7a\u6295\u6fc0\u52b1\u4ef7\u503c\u9884\u8ba1\u4e5f\u4f1a\u5728\u00a03000-4000\u00a0\u4e07\u7f8e\u91d1\u4e4b\u95f4\u3002<\/p>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cKamino\u00a0\u7684\u4ee3\u5e01\u00a0KMNO\u00a0\u7684\u4e3b\u8981\u4f5c\u7528\u4e4b\u4e00\u5c31\u662f\u901a\u8fc7\u8d28\u62bc\uff0c\u53ef\u4ee5\u52a0\u901f\u7528\u6237\u5728\u8d5b\u5b63\u7684\u79ef\u5206\u83b7\u53d6\uff0c\u8fd9\u79cd\u6a21\u5f0f\u63d0\u9ad8\u4e86\u7528\u6237\u5728\u4ea7\u54c1\u548c\u4ee3\u5e01\u6301\u6709\u4e0a\u7684\u9ecf\u6027\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u7ade\u4e89\u60c5\u51b5<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u5728 Solana \u94fe\u4e0a\uff0c\u501f\u8d37\u7c7b\u534f\u8bae\u4e3b\u8981\u6709 Kamino\u3001Solend\u3001MarginFi \u7b49\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>Kamino\uff1a\u76ee\u524d\u5360\u636e 70%\u00a0~\u00a075% \u7684\u5e02\u573a\u4efd\u989d\uff08\u6309\u8d37\u6b3e\u89c4\u6a21\u8ba1\uff09\uff0c\u5176\u5728\u00a0Solana\u00a0\u7684\u5e02\u573a\u4efd\u989d\u751a\u81f3\u5f3a\u4e8e\u00a0Aave\u00a0\u5728\u4ee5\u592a\u574a\u7684\u5730\u4f4d\u3002<\/p>\n<\/li>\n<li>\n<p>Solend\uff1a\u5728 2022\u00a0~\u00a02023 \u5e74\u66fe\u9886\u5148\uff0c\u4f46 2024 \u5e74\u589e\u957f\u653e\u7f13\uff0c\u5e02\u573a\u4efd\u989d\u964d\u81f3\u4e0d\u8db3 20%\u00a0\u3002<\/p>\n<\/li>\n<li>\n<p>MarginFi\uff1a\u00a02024 \u5e74 4 \u6708\u51fa\u73b0\u7ba1\u7406\u5371\u673a\u540e\uff0c\u5927\u91cf\u7528\u6237\u8d44\u4ea7\u64a4\u79bb\uff0c\u8be5\u9879\u76ee\u4efd\u989d\u8dcc\u81f3\u4e2a\u4f4d\u6570\u3002<\/p>\n<\/li>\n<\/ul>\n<p>Kamino \u7684\u603b\u9501\u4ed3\u91cf\u5df2\u7a33\u5c45 Solana \u524d\u4e8c\uff0c\u4ec5\u6b21\u4e8e\u4e13\u6ce8\u8d28\u62bc\u7684 Jito\u3002\u5176\u501f\u8d37\u90e8\u5206 TVL \u4e5f\u5927\u5e45\u8d85\u8d8a Solend\u3001MarginFi \u7b49\u6614\u65e5\u5bf9\u624b\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>Kamino\u00a0\u7684\u7ade\u4e89\u4f18\u52bf<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>1.\u5feb\u901f\u7684\u4ea7\u54c1\u8fed\u4ee3\u548c\u826f\u597d\u7684\u4ea4\u4ed8\u80fd\u529b\uff1aKamino\u00a0\u7531\u00a0Hubble\u00a0\u56e2\u961f\u6210\u5458\u4e8e\u00a02022\u00a0\u5e74\u521b\u7acb\uff0c\u6700\u521d\u5373\u5b9a\u4f4d\u4e3a\u00a0Solana\u00a0\u94fe\u4e0a\u9996\u4e2a\u96c6\u4e2d\u6d41\u52a8\u6027\u505a\u5e02\u4f18\u5316\u5668\u3002\u8fd9\u4e00\u5148\u53d1\u4ea7\u54c1\u4f7f\u00a0Kamino\u00a0\u6ee1\u8db3\u4e86\u7528\u6237\u5728\u96c6\u4e2d\u6d41\u52a8\u6027\u505a\u5e02\u4e2d\u7684\u9700\u6c42\uff0c\u63d0\u4f9b\u4e86\u81ea\u52a8\u5316\u3001\u4f18\u5316\u6536\u76ca\u7684\u6d41\u52a8\u6027\u91d1\u5e93\u65b9\u6848\u3002\u5728\u6b64\u57fa\u7840\u4e0a\uff0cKamino\u00a0\u8fdb\u4e00\u6b65\u62d3\u5c55\u51fa\u501f\u8d37\u3001\u6760\u6746\u3001\u4ea4\u6613\u7b49\u4ea7\u54c1\u6a21\u5757\uff0c\u5f62\u6210\u5168\u6808\u5f0f\u7684 DeFi 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class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4e3b\u8981\u6311\u6218\u4e0e\u98ce\u9669<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u9664\u4e86\u5408\u7ea6\u5b89\u5168\u3001\u8d44\u4ea7\u53c2\u6570\u8bbe\u8ba1\u7b49\u5e38\u89c1\u7684\u8f83\u65b0\u7684\u501f\u8d37\u534f\u8bae\u9762\u4e34\u7684\u98ce\u9669\u4e4b\u5916\uff0cKamino\u00a0\u6f5c\u5728\u7684\u95ee\u9898\u5305\u62ec\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4ee3\u5e01\u7ecf\u6d4e\u3001\u901a\u80c0\u538b\u529b\u548c\u5229\u76ca\u5206\u914d<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Kamino\u00a0\u91c7\u7528\u7684\u79ef\u5206\u8d5b\u5b63\u6a21\u5f0f\u7565\u5e26\u5e9e\u6c0f\uff0c\u4e0e\u00a0Ethena\u00a0\u7c7b\u4f3c\uff0c\u5982\u679c\u540e\u7eed\u7a7a\u6295\u7684\u4ee3\u5e01\u4ef7\u503c\u4e0d\u53ca\u9884\u671f\uff0c\u53ef\u80fd\u4f1a\u5bfc\u81f4\u90e8\u5206\u7528\u6237\u6d41\u5931\uff08\u5f53\u7136\uff0c\u4ee5\u76ee\u524d\u7684\u89c4\u6a21\u6765\u8bf4\uff0c\u9879\u76ee\u7684\u76ee\u7684\u5df2\u7ecf\u8fbe\u5230\u4e86\uff09\u3002\u6b64\u5916\uff0c\u6839\u636e\u00a0tokenomist\u00a0\u6570\u636e\uff0c\u672a\u6765\u4e00\u5e74\u00a0KMNO\u00a0\u7684\u89e3\u9501\u91cf\u4e5f\u76f8\u5f53\u5927\uff0c\u4ee5\u76ee\u524d\u7684\u6d41\u901a\u4ee3\u5e01\u4e3a\u57fa\u6570\uff0c\u901a\u80c0\u7387\u9ad8\u8fbe\u00a0170%\u00a0\u3002\u6700\u540e\uff0c\u76ee\u524d\u00a0Kamino\u00a0\u7684\u6240\u6709\u534f\u8bae\u6536\u5165\u4f3c\u4e4e\u90fd\u8fdb\u5165\u4e86\u56e2\u961f\u7684\u53e3\u888b\uff0c\u4e0d\u4f46\u6ca1\u6709\u5206\u914d\u7ed9\u4ee3\u5e01\u6301\u6709\u4eba\uff0c\u751a\u81f3\u90fd\u6ca1\u6709\u8fdb\u5165\u56fd\u5e93\u3002\u800c\u9879\u76ee\u7684\u53bb\u4e2d\u5fc3\u5316\u6cbb\u7406\u77ed\u671f\u6765\u8bf4\u4e5f\u6ca1\u6709\u542f\u52a8\u7684\u8ff9\u8c61\uff0c\u5728\u9879\u76ee\u542f\u52a8\u65e9\u671f\uff0c\u8fd9\u5c5e\u4e8e\u6b63\u5e38\u73b0\u8c61\uff0c\u4f46\u5982\u679c\u534f\u8bae\u6536\u5165\u8fdf\u8fdf\u4e0d\u7eb3\u5165\u9879\u76ee\u00a0DAO\u00a0\u63a7\u5236\u7684\u56fd\u5e93\uff0c\u4e5f\u6ca1\u6709\u900f\u660e\u7684\u6cbb\u7406\u548c\u8d22\u52a1\u89c4\u5212\uff0c\u5168\u90e8\u4e3a\u6838\u5fc3\u56e2\u961f\u6240\u72ec\u5360\uff0c\u90a3\u534f\u8bae\u4ee3\u5e01\u7684\u9884\u671f\u4ef7\u503c\u53ef\u80fd\u4f1a\u8fdb\u4e00\u6b65\u4e0b\u8dcc\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>Solana\u00a0\u7684\u751f\u6001\u53d1\u5c55\u60c5\u51b5<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u867d\u7136\u00a0Solana\u00a0\u751f\u6001\u5728\u8fd9\u4e00\u8f6e\u5468\u671f\u7684\u53d1\u5c55\u660e\u663e\u597d\u4e8e\u4ee5\u592a\u574a\uff0c\u4f46\u00a0Solana\u00a0\u76ee\u524d\u9664\u4e86\u00a0Meme\u00a0\u4e4b\u5916\uff0c\u4ecd\u672a\u51fa\u73b0\u660e\u663e\u62e5\u6709\u00a0PMF\u00a0\u7684\u8d5b\u9053\u7c7b\u578b\uff0cDefi\u00a0\u4ecd\u7136\u662f\u4ee5\u592a\u574a\u7cfb\u5217\u7684\u5f3a\u9879\u3002\u540e\u7eed\u00a0Solana\u00a0\u80fd\u5426\u7ee7\u7eed\u62d3\u5bbd\u8d44\u4ea7\u7c7b\u522b\u548c\u5bb9\u91cf\uff0c\u5f15\u5165\u66f4\u591a\u8d44\u91d1\uff0c\u5bf9\u00a0Kamino\u00a0\u7684\u5929\u82b1\u677f\u6765\u8bf4\u76f8\u5f53\u91cd\u8981\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4f30\u503c\u53c2\u8003<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/62ad01f02bda93a3bae16916c5d35fc6.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe19\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u6211\u4eec\u4ee5\u00a0Kamino\u00a0\u8fd1\u00a030\u00a0\u5929\u7684\u534f\u8bae\u6536\u5165\u4ee5\u53ca\u5176\u00a0FDV\u00a0\u4e3a\u57fa\u51c6\uff0c\u5bf9\u5176\u00a0FDV\u00a0\u548c\u00a0MC\u00a0\u5e02\u503c\uff08\u6839\u636e\u00a0Coingeko\u00a0\u5e02\u503c\u6570\u636e\uff09\u8fdb\u884c\u00a0PS\u00a0\u8ba1\u7b97\uff0c\u5f97\u5230\uff1a<\/span><\/p>\n<p>FDV PS=\u00a034\u00a0\uff0cMC PS=\u00a04.7\u00a0\uff0c\u8be5\u6536\u76ca\u500d\u6570\u76f8\u6bd4\u5176\u4ed6\u4e3b\u6d41\u501f\u8d37\u534f\u8bae\u90fd\u7b97\u4e0d\u9ad8\u3002<\/p>\n<h3 class=\"customstyle_text\">Collateralized Debt Position\uff0c\u62b5\u62bc\u503a\u52a1\u5934\u5bf8\uff09\u7c7b\u578b\u7a33\u5b9a\u5e01\uff0c\u5b58\u5165\u00a0ETH\u00a0\u83b7\u53d6\u00a0DAI\u00a0\u7684\u4e00\u4e2a\u8fc7\u7a0b\uff0c\u548c\u5c06\u00a0ETH\u00a0\u5b58\u5165\u00a0AAVE\u00a0\u501f\u53d6\u00a0USDC\u00a0\u6ca1\u6709\u592a\u591a\u533a\u522b\uff0c\u6240\u4ee5\u5728\u65e9\u671f\u7684\u00a0DeFi\u00a0\u5206\u6790\u91cc\uff0c\u5f88\u591a\u4eba\u4e5f\u5c06\u00a0MakerDAO\u00a0\u8fd9\u7c7b\u00a0CDP\u00a0\u534f\u8bae\u4e5f\u89c6\u4f5c\u662f\u501f\u8d37\u534f\u8bae\u7684\u4e00\u79cd\u3002\u5e76\u4e14\u5728\u54c1\u724c\u5347\u7ea7\u4e3a\u00a0Sky\u00a0\u4e4b\u540e\uff0cMakerDAO\u00a0\u4e5f\u72ec\u7acb\u51fa\u4e86\u5355\u72ec\u7684\u501f\u8d37\u534f\u8bae\u00a0Spark\uff0c\u56e0\u800c\u6211\u4eec\u4e5f\u5c06\u00a0MakerDAO\u00a0\u89c6\u4f5c\u501f\u8d37\u534f\u8bae\uff0c\u5728\u6b64\u8282\u8fdb\u884c\u5206\u6790\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4e1a\u52a1\u73b0\u72b6<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u8d37\u6b3e\u89c4\u6a21\uff08Active loans\uff09<\/p>\n<p>\u5bf9\u4e8e\u7a33\u5b9a\u5e01\u534f\u8bae\u800c\u8a00\uff0c\u6700\u91cd\u8981\u7684\u6307\u6807\u662f\u5176\u7a33\u5b9a\u5e01\u89c4\u6a21\uff0c\u8fd9\u4e00\u6982\u5ff5\u4e5f\u4e0e\u501f\u8d37\u534f\u8bae\u7684\u8d37\u6b3e\u89c4\u6a21\u76f8\u5bf9\u5e94\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/0c73c98fff3cc56fca082bc698bef788.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe20\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Sky\u00a0\u5b98\u7f51<\/p>\n<p><span>MakerDAO\u00a0\u7684\u501f\u8d37\u89c4\u6a21\u76ee\u524d\u63a5\u8fd1\u00a080\u00a0\u4ebf\u7f8e\u91d1\uff0c\u8ddd\u79bb\u4e0a\u8f6e\u5468\u671f\u9ad8\u70b9\u7684\u00a0103\u00a0\u4ebf\u7f8e\u91d1\u5c1a\u6709\u5dee\u8ddd\u3002<\/span><\/p>\n<p>Spark\u00a0\u7684\u8d37\u6b3e\u89c4\u6a21\u5219\u4e3a\u00a016\u00a0\u4ebf\u7f8e\u91d1\u5de6\u53f3\uff0c\u8d37\u6b3e\u89c4\u6a21\u8981\u6bd4\u8001\u724c\u501f\u8d37\u534f\u8bae\u00a0Compound\u00a0\u66f4\u9ad8\uff0c\u7565\u4f4e\u4e8e\u4e0a\u6587\u63d0\u5230\u7684\u00a0Mophro\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/19c1e8ebc1f5c1086ecba6935118ed81.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe21\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u534f\u8bae\u6536\u5165\uff08Revenue\uff09<\/span><\/p>\n<p>MakerDAO\u00a0\u4e0e\u501f\u8d37\u534f\u8bae\u7684\u534f\u8bae\u6536\u5165\u76f8\u5bf9\u5e94\u7684\u6982\u5ff5\uff0c\u5e94\u8be5\u662f\u534f\u8bae\u7684\u5404\u9879\u6536\u5165\u4e4b\u548c\uff0c\u51cf\u53bb\u652f\u4ed8\u7ed9\u00a0sDAI\u00a0\u548c\u00a0sUSDS\u00a0\u7684\u5229\u606f\u6210\u672c\u3002\u4ece\u4e0b\u56fe\u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c\u76ee\u524d\u00a0MakerDAO\u00a0\u7684\u534f\u8bae\u6536\u5165\u4e2d\uff0c\u7a33\u5b9a\u8d39\u6536\u5165\u6709\u00a04.21\u00a0\u4ebf\u7f8e\u5143\uff0c\u5360\u5176\u6536\u5165\u7edd\u5927\u90e8\u5206\uff0c\u5176\u4ed6\u5982\u6e05\u7b97\u8d39\u548c\u4ef7\u683c\u7a33\u5b9a\u6a21\u5757\u6536\u8d39\u5bf9\u6536\u5165\u7684\u8d21\u732e\u6781\u5c0f\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/57ba85f01423e0dbdefcaf84a4c947d2.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe22\" \/><\/p>\n<p class=\"img-desc customstyle_text\">MakerDAO\u00a0\u7684\u5386\u53f2\u6536\u5165\u60c5\u51b5 \u6765\u6e90\uff1asky\u00a0\u5b98\u7f51<\/span><\/p>\n<p>\u5728\u7a33\u5b9a\u8d39\u4e2d\uff0c\u534f\u8bae\u901a\u8fc7\u00a0Spark\u00a0\u6295\u653e\u7684\u00a0DAI\u00a0\u9884\u8ba1\u80fd\u591f\u4ea7\u751f\u5e74\u5316\u00a01.4\u00a0\u4ebf\u7f8e\u5143\u7684\u7a33\u5b9a\u8d39\uff0cUSDC\u00a0\u76f4\u63a5\u751f\u6210\u7684\u00a0DAI\u00a0\u4e5f\u80fd\u83b7\u5f97\u00a01.25\u00a0\u4ebf\u7f8e\u5143\u7684\u7a33\u5b9a\u8d39\uff0c\u8fd9\u4e24\u90e8\u5206\u5360\u7a33\u5b9a\u8d39\u7684\u00a02\/3\u00a0\uff0c\u5176\u4f59\u7684\u7a33\u5b9a\u8d39\u6765\u81ea\u00a0RWA\u00a0\u751f\u6210\u7684\u00a0DAI\uff087183\u00a0\u4e07\u7f8e\u5143\uff09\u4ee5\u53ca\u52a0\u5bc6\u8d44\u4ea7\u62b5\u62bc\u751f\u6210\u7684\u00a0DAI\uff087861\u00a0\u4e07\u7f8e\u5143\uff09\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/bac1bd0125a6adcf9806a81f1a184cbf.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe23\" \/><\/p>\n<p class=\"img-desc customstyle_text\">MakerDAO\u00a0\u7684\u8d1f\u503a\u6784\u6210\u53ca\u5e74\u6536\u5165 \u6765\u6e90\uff1a<\/span>sky\u00a0\u5b98\u7f51<\/p>\n<p>\u800c\u4e3a\u4e86\u6fc0\u52b1\u8fd9\u4e9b\u89c4\u6a21\u7684\u7a33\u5b9a\u8d39\u4ea7\u751f\uff0cMakerDAO\u00a0\u9884\u8ba1\u4e00\u5e74\u652f\u4ed8\u00a02.46\u00a0\u4ebf\u7f8e\u5143\u7684\u5b58\u6b3e\u6210\u672c\uff08Saving Expense\uff09\u3002\u4e24\u8005\u76f8\u51cf\uff0cMakerDAO\u00a0\u4e00\u5e74\u7684\u534f\u8bae\u6536\u5165\u7ea6\u4e3a\u00a01.75\u00a0\u4ebf\u7f8e\u5143\uff0c\u5e73\u5747\u6bcf\u5468\u83b7\u5f97\u534f\u8bae\u6536\u5165\u00a0336\u00a0\u4e07\u7f8e\u5143\u3002<\/p>\n<p>\u5f53\u7136\uff0cMakerDAO\u00a0\u8fd8\u516c\u5e03\u4e86\u4ed6\u4eec\u7684\u534f\u8bae\u8fd0\u8425\u652f\u51fa\uff0c\u5176\u534f\u8bae\u4e00\u5e74\u7684\u8fd0\u8425\u652f\u51fa\u9ad8\u8fbe\u00a09660\u00a0\u4e07\u7f8e\u5143\u3002\u534f\u8bae\u6536\u5165\u6263\u51cf\u8fd0\u8425\u652f\u51fa\u4e4b\u540e\uff0c\u53ef\u4ee5\u5f97\u5230\u5927\u6982\u00a07840\u00a0\u4e07\u7f8e\u5143\u7684\u201c\u51c0\u5229\u6da6\u201d\uff0c\u8fd9\u4e5f\u662f\u00a0MKR\u00a0\u548c\u00a0SKY\u00a0\u56de\u8d2d\u8d44\u91d1\u7684\u4e3b\u8981\u6765\u6e90\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4ee3\u5e01\u6fc0\u52b1\uff08Token Incentives\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u6b64\u524d\u00a0MakerDAO\u00a0\u8fdb\u884c\u54c1\u724c\u5347\u7ea7\u7684\u5176\u4e2d\u4e00\u4e2a\u539f\u56e0\uff0c\u5c31\u662f\u5176\u5df2\u7ecf\u6ca1\u6709\u591a\u4f59\u7684\u00a0MKR\u00a0\u50a8\u5907\u80fd\u5bf9\u5176\u4e1a\u52a1\u7684\u65b0\u589e\u8fdb\u884c\u6fc0\u52b1\u4e86\u3002\u76ee\u524d\uff0cMakerDAO\u00a0\u7684\u4ee3\u5e01\u6fc0\u52b1\u4e3b\u8981\u7528\u4e8e\u6fc0\u52b1\u00a0USDS\u00a0\u7684\u5b58\u5165\uff0c\u4ece\u00a02024\u00a0\u5e74\u00a09\u00a0\u6708\u4efd\u5e95\u4e0a\u7ebf\u6fc0\u52b1\u8ba1\u5212\u81f3\u4eca\u7684\u00a05\u00a0\u4e2a\u6708\u5185\uff0c\u4e00\u5171\u6709\u00a02.74\u00a0\u4ebf\u679a\u00a0SKY\u00a0\u6fc0\u52b1\u91ca\u653e\uff0c\u7ea6\u5408\u00a01740\u00a0\u4e07\u7f8e\u5143\uff0c\u5e74\u5316\u7684\u6fc0\u52b1\u91d1\u989d\u4e3a\u00a04200\u00a0\u4e07\u7f8e\u5143\u5de6\u53f3\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/7225062fdcbdb23ba43109ead43f6f3b.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe24\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Sky\u00a0\u5b98\u7f51<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong><span>\u7ade\u4e89\u60c5\u51b5<\/span><\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u76ee\u524d\uff0cMakerDAO\u00a0\u7684\u7a33\u5b9a\u5e01\u5e02\u573a\u4efd\u989d\u5360\u6bd4\u4e3a\u00a04.57%\u00a0\u3002\u7a33\u5b9a\u5e01\u662f\u52a0\u5bc6\u8d27\u5e01\u9700\u6c42\u6700\u6e05\u6670\u7684\u8d5b\u9053\u4e4b\u4e00\uff0cMakerDAO\u00a0\u4f5c\u4e3a\u8001\u724c\u7684\u7a33\u5b9a\u5e01\u8fd8\u662f\u5f62\u6210\u4e86\u4e00\u5b9a\u7684\u62a4\u57ce\u6cb3\uff0c\u5305\u62ec\u54c1\u724c\u6548\u5e94\u548c\u5148\u53d1\u4f18\u52bf\uff0c\u8fd9\u4e00\u70b9\u5728\u4e0a\u4e00\u8f6e\u5468\u671f\u00a0Curve\u00a0\u6d41\u52a8\u6027\u4e89\u593a\u5927\u6218\u4e2d\u663e\u793a\u7684\u975e\u5e38\u660e\u663e\uff0c\u4f5c\u4e3a\u00a03\u00a0CRV\u00a0\u4e4b\u4e00\u7684\u00a0DAI\uff0c\u65e0\u9700\u4efb\u4f55\u64cd\u4f5c\u5c31\u53ef\u4ee5\u83b7\u5f97\u5176\u4ed6\u7a33\u5b9a\u5e01\u9879\u76ee\u4e3a\u4e86\u5efa\u7acb\u6d41\u884c\u6027\u800c\u91ca\u653e\u7684\u5927\u91cf\u6fc0\u52b1\u3002<\/p>\n<p>\u4e0d\u8fc7\u5728\u7a33\u5b9a\u5e01\u8d5b\u9053\u7684\u7ade\u4e89\u4e2d\uff0cMakerDAO\u00a0\u7684\u5f62\u52bf\u4e0d\u5bb9\u4e50\u89c2\u3002\u4ece\u4e0b\u56fe\u7684\u5e02\u573a\u4efd\u989d\u6211\u4eec\u4e5f\u53ef\u4ee5\u770b\u5230\uff0cMakerDAO\u00a0\u7684\u5e02\u573a\u4efd\u989d\uff08\u7c89\u8272\u5757\uff09\u5728\u8fd9\u4e2a\u5468\u671f\u5185\u4e0d\u589e\u53cd\u964d\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/3fa379e47c5fe5cb39226b04dfb62faa.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe25\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u7b14\u8005\u8ba4\u4e3a\uff0c\u9020\u6210\u8fd9\u79cd\u73b0\u8c61\u7684\u6700\u6838\u5fc3\u56e0\u7d20\uff0c\u8fd8\u662f\u4f5c\u4e3a\u7b2c\u4e09\u5927\u7a33\u5b9a\u5e01\u7684\u00a0DAI\uff0c\u5df2\u7ecf\u5931\u53bb\u4e86\uff08\u6216\u8005\u4ece\u672a\u771f\u6b63\u62e5\u6709\u8fc7\uff09\u7ed3\u7b97\u5de5\u5177\u7684\u804c\u80fd\u3002\u76ee\u524d\uff0c\u7528\u6237\u6301\u6709\u00a0USDT\u00a0\u548c\u6301\u6709\u00a0DAI\u00a0\u5b8c\u5168\u662f\u51fa\u4e8e\u4e0d\u540c\u7684\u76ee\u7684\uff1a\u6301\u6709\u00a0USDT\u00a0\u4e3b\u8981\u5c06\u5176\u7528\u4f5c\u7ed3\u7b97\u5de5\u5177\uff0c\u800c\u6301\u6709\u00a0DAI\u00a0\u7684\u76ee\u7684\u5219\u662f\u52a0\u6760\u6746\u548c\u83b7\u53d6\u6536\u76ca\uff0c\u4ece\u8fd9\u65b9\u9762\u6765\u770b\uff0c\u9664\u4e86\u4e24\u8005\u90fd\u951a\u5b9a\u7f8e\u5143\u4e4b\u5916\uff0c\u5176\u5171\u6027\u4f3c\u4e4e\u5e76\u4e0d\u591a\u3002<\/span><\/p>\n<p>\u5177\u5907\u7ed3\u7b97\u529f\u80fd\u7684\u7a33\u5b9a\u5e01\u5177\u6709\u5f88\u597d\u7684\u7f51\u7edc\u6548\u5e94\uff0c\u53ef\u60dc\u00a0DAI\u00a0\u5df2\u7ecf\u57fa\u672c\u4e0d\u5177\u5907\u7ed3\u7b97\u529f\u80fd\u7684\u4f5c\u7528\uff0c\u96be\u4ee5\u5f62\u6210\u7f51\u7edc\u6548\u5e94\u3002<\/p>\n<p>\u4f53\u73b0\u5728\u53d1\u884c\u89c4\u6a21\u4e0a\uff0c\u5c31\u662f\u00a0DAI\u00a0\u7684\u5e02\u573a\u5360\u6bd4\u9010\u6b65\u8d70\u4f4e\uff0cDAI\u00a0\u76ee\u524d\u5c1a\u672a\u56de\u5230\u00a02021\u00a0\u5e74\u6700\u9ad8\u70b9\u7684\u53d1\u884c\u89c4\u6a21\uff0c\u800c\u00a0USDT\u00a0\u7684\u53d1\u884c\u89c4\u6a21\u5219\u6301\u7eed\u8d70\u9ad8\uff0c\u76ee\u524d\u76f8\u8f83\u00a021\u00a0\u5e74\u5e95\u5df2\u7ecf\u7ffb\u500d\u3002<\/p>\n<p>\u4ec5\u4ec5\u4f5c\u4e3a\u6536\u76ca\u5de5\u5177\u7684\u7a33\u5b9a\u5e01\u5929\u82b1\u677f\u6709\u9650\uff0c\u89c4\u6a21\u589e\u957f\u8981\u9760\u6536\u76ca\u7684\u6301\u7eed\u523a\u6fc0\uff0c\u5e76\u4e14\u4f9d\u8d56\u7684\u5916\u90e8\u6761\u4ef6\u8f83\u591a\uff08\u6bd4\u5982\u76f8\u5bf9\u9ad8\u4f4d\u7684\u7f8e\u56fd\u56fd\u503a\u5229\u7387\uff09\u3002\u5982\u4f55\u5f62\u6210\u957f\u671f\u7684\u6709\u673a\u589e\u957f\uff0c\u662f\u00a0MakerDAO\u00a0\u80fd\u5426\u5728\u7a33\u5b9a\u5e01\u5e02\u573a\u8001\u6811\u53d1\u51fa\u65b0\u82b1\u7684\u5173\u952e\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4e3b\u8981\u6311\u6218\u548c\u98ce\u9669<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>MakerDAO\u00a0\u9762\u4e34\u7684\u6311\u6218\uff0c\u9664\u4e86\u6211\u4eec\u4e0a\u6587\u4e2d\u5206\u6790\u5230\u7684\u4e4b\u5916\uff0c\u8fd8\u6709\u65b0\u6765\u8005\u7684\u7ade\u4e89\u3002<\/p>\n<p>\u7a33\u5b9a\u5e01\u7684\u65b0\u73a9\u5bb6\u00a0Ethena\u00a0\u53d1\u5c55\u5341\u5206\u8fc5\u731b\uff0c\u63a8\u51fa\u4ec5\u4e0d\u5230\u00a01\u00a0\u5e74\uff0c\u76ee\u524d\u7684\u5e02\u573a\u89c4\u6a21\u5df2\u7ecf\u8fbe\u5230\u00a0MakerDAO\u00a0\u7684\u00a060%\u00a0\u3002\u6838\u5fc3\u4ea7\u54c1\u540c\u6837\u4e3b\u6253\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\u7684\u00a0Ethena\u00a0\u76f8\u6bd4\u00a0MakerDAO\u00a0\u8fd8\u6709\u4e2a\u91cd\u5927\u4f18\u52bf\uff0c\u5c31\u662f\u5176\u6536\u76ca\u57fa\u7840\u2014\u2014\u201c\u52a0\u5bc6\u8d27\u5e01\u6c38\u7eed\u5408\u7ea6\u5957\u5229\u6536\u76ca\u201d\u8981\u8fdc\u9ad8\u4e8e\u00a0MakerDAO\u00a0\u7684\u201c\u56fd\u503a\u00a0RWA\u00a0\u6536\u76ca\u201d\uff0c\u4e2d\u957f\u671f\u6765\u770b\uff0c\u5018\u82e5\u56fd\u503a\u5229\u7387\u7ee7\u7eed\u4e0b\u884c\uff0cUSDE\u00a0\u5c06\u4f1a\u4f53\u73b0\u51fa\u00a0DAI\u00a0\u66f4\u5927\u7684\u7ade\u4e89\u4f18\u52bf\u3002<\/p>\n<p>\u6b64\u5916\u00a0MakerDAO\u00a0\u4f53\u73b0\u51fa\u7684\u6cbb\u7406\u80fd\u529b\u4e5f\u582a\u5fe7\u3002\u6bcf\u5e74\u82b1\u8d39\u00a09700\u00a0\u4e07\u7f8e\u5143\u7684\u00a0MakerDAO\u00a0\u56e2\u961f\uff0c\u6cbb\u7406\u7ed3\u679c\u5341\u5206\u4f4e\u6548\u4e14\u4e0d\u900f\u660e\uff0c\u6700\u5178\u578b\u7684\u4f8b\u5b50\u662f\u5728\u5c06\u00a0MakerDAO\u00a0\u54c1\u724c\u5347\u7ea7\u4e3a\u00a0SKY\u00a0\u4e4b\u540e\uff0c\u53c8\u5728\u91cd\u65b0\u8ba8\u8bba\u5c06\u54c1\u724c\u91cd\u65b0\u6539\u56de\u00a0Maker\uff0c\u6574\u4e2a\u8fc7\u7a0b\u4eff\u4f5b\u513f\u620f\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4f30\u503c\u53c2\u8003<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u4ee5\u00a01.75\u00a0\u4ebf\u7f8e\u5143\u7684\u534f\u8bae\u6536\u5165\u8ba1\u7b97\uff0cMKR\u00a0\u76ee\u524d\u7684\u00a0PS\u00a0\u7ea6\u4e3a\u00a07.54\u00a0\uff0c\u76f8\u6bd4\u5176\u4e3b\u8981\u7ade\u4e89\u5bf9\u624b\u00a0Ethena\uff0822\uff09\u4ecd\u7136\u663e\u5f97\u8f83\u4e3a\u4fbf\u5b9c\u3002\u5386\u53f2\u4e0a\uff0cMKR\u00a0\u7684\u00a0PS\u00a0\u4e5f\u4e00\u76f4\u8f83\u4f4e\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/85c78dabce81244c4034b65b74d0e91f.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe26\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u4e8c\uff1a\u6d41\u52a8\u6027\u8d28\u62bc\u8d5b\u9053\u00a0Lido\u3001Jito<\/h2>\n<p>\u6d41\u52a8\u6027\u8d28\u62bc\u662f\u52a0\u5bc6\u539f\u751f\u7684\u8d5b\u9053\u4e4b\u4e00\uff0c\u76f8\u6bd4\u539f\u751f\u8d28\u62bc\u800c\u8a00\uff0c\u6d41\u52a8\u6027\u8d28\u62bc\u63d0\u4f9b\u4e86\u66f4\u597d\u7684\u6d41\u52a8\u6027\u548c\u53ef\u7ec4\u5408\u6027\uff0c\u56e0\u800c\u5177\u5907\u575a\u5b9e\u7684\u9700\u6c42\uff0c\u5728\u00a0PoS\u00a0\u94fe\u7684\u751f\u6001\u4e2d\u4e5f\u5177\u6709\u4e3e\u8db3\u8f7b\u91cd\u7684\u4f5c\u7528\u3002\u76ee\u524d\u4ee5\u592a\u574a\u548c\u00a0Solana\u00a0\u4e24\u6761\u6700\u91cd\u8981\u7684\u00a0PoS\u00a0\u94fe\u4e0a\u00a0TVL\u00a0\u6700\u5927\u7684\u534f\u8bae\u90fd\u662f\u6d41\u52a8\u6027\u8d28\u62bc\u534f\u8bae\uff0c\u8fd9\u4e24\u4e2a\u534f\u8bae\u4e5f\u662f\u6211\u4eec\u63a5\u4e0b\u6765\u8981\u4ecb\u7ecd\u7684\u2014\u2014Lido\u00a0\u548c\u00a0Jito\u3002<\/p>\n<p>\u5bf9\u4e8e\u6d41\u52a8\u6027\u8d28\u62bc\u9879\u76ee\uff0c\u8bc4\u4f30\u7684\u6700\u5173\u952e\u6307\u6807\u662f\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\uff08Assets staked\uff0c\u5bf9\u6d41\u52a8\u6027\u8d28\u62bc\u9879\u76ee\u800c\u8a00\uff0c\u5176\u503c\u4e0e\u00a0TVL\u00a0\u4e00\u81f4\uff09\u3002\u7531\u4e8e\u5176\u8fd0\u8425\u6a21\u5f0f\u4e2d\u8fd8\u5b58\u5728\u7528\u6237\u4e4b\u5916\u7684\u7b2c\u4e09\u65b9\u2014\u2014\u8282\u70b9\u8fd0\u8425\u5546\uff0c\u4ed6\u4eec\u6536\u53d6\u7684\u534f\u8bae\u6536\u5165\uff08revenue\uff09\u8fd8\u9700\u8981\u5206\u7ed9\u8282\u70b9\u8fd0\u8425\u5546\u4e00\u90e8\u5206\uff0c\u6240\u4ee5\u76f8\u6bd4\u534f\u8bae\u6536\u5165\uff0c\u6bdb\u5229\u6da6\uff08Gross Profit\uff09\u53ef\u80fd\u66f4\u9002\u5408\u8bc4\u4f30\u6d41\u52a8\u6027\u8d28\u62bc\u534f\u8bae\u3002\uff0c\u6b64\u5916\u540c\u6837\u8fd8\u8981\u8bc4\u4f30\u534f\u8bae\u7684\u652f\u51fa\u6307\u6807\u2014\u2014\u4ee3\u5e01\u6fc0\u52b1\uff08Token Incentives\uff09\u3002<\/p>\n<h3 class=\"customstyle_text\">\n<li>\n<p><strong>\u4e1a\u52a1\u73b0\u72b6<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Lido\u00a0\u7684\u4e1a\u52a1\u00a02020\u00a0\u5e74\u5e95\u968f\u7740\u00a0ETH\u00a0\u8d28\u62bc\u7684\u5f00\u653e\u800c\u4e0a\u7ebf\uff0cLido\u00a0\u82b1\u8d39\u534a\u5e74\u65f6\u95f4\uff0c\u5360\u636e\u4e86\u4ee5\u592a\u574a\u7f51\u7edc\u6d41\u52a8\u6027\u8d28\u62bc\u7684\u9886\u5148\u4f4d\u7f6e\u3002Lido\u00a0\u6b64\u524d\u4e5f\u66fe\u662f\u00a0Luna\u00a0\u7f51\u7edc\u6700\u5927\u3001Solana\u00a0\u7f51\u7edc\u7b2c\u4e8c\u5927\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u670d\u52a1\u63d0\u4f9b\u5546\uff0c\u4e1a\u52a1\u6269\u5c55\u5230\u51e0\u4e4e\u5168\u90e8\u4e3b\u6d41\u00a0PoS\u00a0\u7f51\u7edc\uff0c\u4e0d\u8fc7\u00a02023\u00a0\u5e74\u5f00\u59cb\uff0cLido\u00a0\u5f00\u59cb\u8fdb\u884c\u6218\u7565\u6536\u7f29\uff0c\u76ee\u524d\uff0cETH\u00a0\u7684\u6d41\u52a8\u8d28\u62bc\u662f\u00a0Lido\u00a0\u552f\u4e00\u7684\u4e1a\u52a1\u3002\u5176\u5546\u4e1a\u6a21\u5f0f\u6bd4\u8f83\u7b80\u5355\uff0cLido\u00a0\u5c06\u7528\u6237\u8d28\u62bc\u7684\u00a0ETH\u00a0\u901a\u8fc7\u4e0d\u540c\u7684\u8282\u70b9\u8fd0\u8425\u5546\u6295\u5165\u5230\u4ee5\u592a\u574a\u7684\u8d28\u62bc\uff0c\u6536\u53d6\u00a010%\u00a0\u7684\u8d28\u62bc\u6536\u76ca\u4f5c\u4e3a\u534f\u8bae\u6536\u5165\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\uff08Assets staked\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u76ee\u524d\uff0c\u6709\u8d85\u8fc7\u00a0940\u00a0\u4e07\u679a\u00a0ETH\u00a0\u5b58\u5165\u4e86\u00a0Lido\uff0c\u7ea6\u5360\u6d41\u901a\u00a0ETH\u00a0\u6bd4\u4f8b\u7684\u00a08%\u00a0\uff0c\u8fd9\u4e5f\u4f7f\u5f97\u00a0Lido\u00a0\u62e5\u6709\u8d85\u8fc7\u00a0200\u00a0\u4ebf\u7f8e\u5143\u7684\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\uff08TVL\uff09\uff0c\u6210\u4e3a\u76ee\u524d\u6240\u6709\u534f\u8bae\u4e2d\u00a0TVL\u00a0\u6700\u5927\u7684\u3002\u5728\u9ad8\u5cf0\u65f6\uff0cLido\u00a0\u7684\u00a0TVL\u00a0\u63a5\u8fd1\u00a0400\u00a0\u4ebf\u7f8e\u91d1\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/cac14d46c6a99fe15411382e46280eef.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe27\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>\u4ee5\u00a0ETH\u00a0\u8ba1\u7b97\u7684\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\u7684\u6ce2\u52a8\u5219\u8981\u5c0f\u5f88\u591a\uff0c\u8fdb\u5165\u00a02024\u00a0\u5e74\u4ee5\u6765\uff0cLido\u00a0\u8d28\u62bc\u7684\u00a0ETH\u00a0\u89c4\u6a21\u603b\u4f53\u53d8\u5316\u4e0d\u5927\uff0cLido\u00a0\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\u7684\u6ce2\u52a8\u66f4\u591a\u7684\u6765\u81ea\u00a0ETH\u00a0\u4ef7\u683c\u7684\u6ce2\u52a8\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/3b58e0bd978c44141e43db68c192df02.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe28\" \/><\/p>\n<p class=\"img-desc customstyle_text\">DeFillama<\/p>\n<p><span>Lido\u00a0\u7684\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\u6301\u7eed\u589e\u957f\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u4ee5\u592a\u574a\u7f51\u7edc\u8d28\u62bc\u7387\u7684\u9010\u6b65\u63d0\u9ad8\uff08\u4ece\u00a00\u00a0\u63d0\u9ad8\u5230\u00a027%\u00a0\uff09\uff0cLido\u00a0\u4f5c\u4e3a\u9886\u5148\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u670d\u52a1\u63d0\u4f9b\u5546\uff0c\u4eab\u53d7\u4e86\u5e02\u573a\u603b\u4f53\u89c4\u6a21\u589e\u957f\u7684\u7ea2\u5229\u3002<\/span><\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u6bdb\u5229\u6da6\uff08Gross Profit\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Lido\u00a0\u62bd\u53d6\u8d28\u62bc\u6536\u76ca\u7684\u00a010%\u00a0\u4f5c\u4e3a\u534f\u8bae\u6536\u5165\uff08Protocol revenue\uff09\uff0c\u76ee\u524d\u534f\u8bae\u6536\u5165\u7684\u5206\u914d\u4e3a\u00a050%\u00a0\u5206\u914d\u7ed9\u8282\u70b9\u8fd0\u8425\u5546\uff0c\u00a050%\u00a0\u5f52\u00a0DAO\u00a0\u6240\u6709\uff0c\u5373\u00a05%\u00a0\u4e3a\u6bdb\u5229\u6da6\u3002\u4ece\u4e0b\u56fe\u6211\u4eec\u53ef\u4ee5\u770b\u51fa\uff0cLido\u00a0\u534f\u8bae\u7684\u6bdb\u5229\u6da6\u603b\u4f53\u7a33\u5065\u4e0a\u6da8\uff0c\u6700\u8fd1\u00a01\u00a0\u5e74\u591a\u65f6\u95f4\u4ee5\u6765\uff0cLido\u00a0\u534f\u8bae\u5355\u5468\u6bdb\u5229\u6da6\u5728\u00a075\u00a0\u4e07\u7f8e\u5143-150\u00a0\u4e07\u7f8e\u5143\u6ce2\u52a8\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/d6b0511dbcdbf5f5139dbd66e41dc17c.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe29\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u53ef\u4ee5\u770b\u51fa\uff0cLido\u00a0\u7684\u534f\u8bae\u6536\u5165\u5f3a\u76f8\u5173\u4e8e\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\uff0c\u8fd9\u662f\u7531\u4ed6\u4eec\u7684\u6536\u8d39\u7ed3\u6784\u51b3\u5b9a\u7684\u3002Lido\u00a0\u6bcf\u5468\u534f\u8bae\u6536\u5165\u7684\u53d8\u52a8\u4e3b\u8981\u4e5f\u662f\u6765\u6e90\u4e8e\u00a0ETH\u00a0\u4ef7\u683c\u7684\u6ce2\u52a8\u3002<\/span><\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4ee3\u5e01\u6fc0\u52b1\uff08Token Incentives\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Lido\u00a0\u5728\u534f\u8bae\u4e0a\u7ebf\u7684\u524d\u4e24\u5e74\uff082021-2022\uff09\uff0c\u82b1\u8d39\u4e86\u5de8\u91cf\u7684\u00a0LDO\u00a0\u4ee3\u5e01\u6fc0\u52b1\uff0c\u7528\u4e8e\u6fc0\u52b1\u5176\u00a0stETH\u00a0\u4e0e\u00a0ETH\u00a0\u7684\u6d41\u52a8\u6027\uff0c\u5728\u4e24\u5e74\u65f6\u95f4\u5185\u7d2f\u8ba1\u82b1\u6389\u8d85\u8fc7\u00a02\u00a0\u4ebf\u7f8e\u5143\u7684\u4ee3\u5e01\u6fc0\u52b1\uff0c\u4e5f\u4f7f\u5f97\u00a0Lido\u00a0\u5728\u00a02021\u00a0\u5e74\u00a05\u00a0\u6708\u4e2d\u56fd\u7981\u6b62\u00a0BTC\u00a0\u6316\u77ff\u3001\u00a02022\u00a0\u5e74\u00a05\u00a0\u6708\u00a0LUNA\u00a0\u5d29\u76d8\u548c\u00a02022\u00a0\u5e74\u00a011\u00a0\u6708\u00a0FTX\u00a0\u5d29\u76d8\u7b49\u5267\u70c8\u7684\u5e02\u573a\u6d41\u52a8\u6027\u5371\u673a\u4e2d\u4ecd\u7136\u4fdd\u8bc1\u4e86\u00a0ETH\u00a0\u7684\u6d41\u52a8\u6027\uff0c\u83b7\u5f97\u4e86\u76ee\u524d\u5728\u4ee5\u592a\u574a\u7f51\u7edc\u6d41\u52a8\u6027\u8d28\u62bc\u7684\u9886\u5148\u5730\u4f4d\u3002<\/p>\n<p>\u5728\u6b64\u4e4b\u540e\uff0cLido\u00a0\u5728\u4ee3\u5e01\u6fc0\u52b1\u4e0a\u7684\u652f\u51fa\u5927\u5e45\u5ea6\u4e0b\u964d\uff0c\u6700\u8fd1\u00a01\u00a0\u5e74\u4ee3\u5e01\u6fc0\u52b1\u652f\u51fa\u4e0d\u8db3\u00a01000\u00a0\u4e07\u7f8e\u5143\u3002\u5e76\u4e14\u4ee3\u5e01\u6fc0\u52b1\u7684\u4e3b\u8981\u53bb\u5411\u662f\u751f\u6001\u7cfb\u7edf\u65b9\u5411\u3002Lido\u00a0\u7ef4\u6301\u76ee\u524d\u7684\u5e02\u573a\u4efd\u989d\u51e0\u4e4e\u4e0d\u9700\u8981\u4ee3\u5e01\u6fc0\u52b1\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/08571559877bf92d85920ef02f0dc542.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe30\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u5728\u4ee5\u592a\u574a\u7f51\u7edc\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u9879\u76ee\u4e2d\uff0c\u9c9c\u5c11\u6709\u9879\u76ee\u80fd\u591f\u4e0e\u00a0Lido\u00a0\u5f62\u6210\u7ade\u4e89\uff0c\u76ee\u524d\u6392\u540d\u7b2c\u4e8c\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u9879\u76ee\u00a0RocketPool\u00a0\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\u4e0d\u8db3\u00a0Lido\u00a0\u7684\u00a010%\u00a0\u3002<\/span><\/p>\n<p>\u5728\u8f83\u65b0\u7684\u9879\u76ee\u4e2d\uff0c\u5bf9\u00a0Lido\u00a0\u6784\u6210\u4e00\u5b9a\u7ade\u4e89\u538b\u529b\u7684\u662f\u00a0Liquid Restaking\u00a0\u9879\u76ee\u00a0ether.fi\uff0c\u4e0d\u8fc7\u76ee\u524d\u00a0ether.fi\u00a0\u7684\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\u4e5f\u4e0d\u8fc7\u63a5\u8fd1\u00a0Lido\u00a0\u7684\u00a020%\u00a0\uff0c\u4e14\u968f\u7740\u00a0Eigenlayer\u00a0\u7684\u53d1\u5e01\uff0cether.fi\u00a0\u7684\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\u589e\u957f\u901f\u5ea6\u4e5f\u8fc5\u901f\u8d8b\u7f13\uff0c\u6311\u6218\u00a0Lido\u00a0\u5728\u4ee5\u592a\u574a\u8d28\u62bc\u7684\u5730\u4f4d\u53ef\u80fd\u6027\u4e0d\u5927\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/b5203187afd1bb163256c4398a2eab24.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe31\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/0f31daea56dc346a35202601d3433887.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe32\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u6765\u6e90\u00a0<\/span>Dune<\/p>\n<p>\u5728\u957f\u671f\u7684\u53d1\u5c55\u8fc7\u7a0b\u4e2d\uff0cLido\u00a0\u5df2\u7ecf\u5f62\u6210\u4e86\u4e00\u5b9a\u7684\u62a4\u57ce\u6cb3\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>stETH\uff08wstETH\uff09\u826f\u597d\u7684\u6d41\u52a8\u6027\u548c\u53ef\u7ec4\u5408\u6027\u5e26\u6765\u7684\u7f51\u7edc\u6548\u5e94\u3002\u9664\u4e86\u4e0a\u6587\u6240\u8ff0\u7684\u6d41\u52a8\u6027\u4f18\u52bf\u4e4b\u5916\uff0cstETH\u00a0\u88ab\u5168\u90e8\u7684\u5934\u90e8\u501f\u8d37\u6216\u7a33\u5b9a\u5e01\u534f\u8bae\u63a5\u53d7\u4e3a\u8d28\u62bc\u8d44\u4ea7\uff0c\u5177\u5907\u00a0LST\u00a0\u4e2d\u65e0\u53ef\u6bd4\u62df\u7684\u53ef\u7ec4\u5408\u6027\u4f18\u52bf\uff0c\u4f1a\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u5de6\u53f3\u65b0\u8d28\u62bc\u8005\u7684\u9009\u62e9\u3002<\/p>\n<\/li>\n<li>\n<p>\u5b89\u5168\u4fe1\u7528\u79ef\u7d2f\u548c\u54c1\u724c\u8ba4\u77e5\uff1aLido\u00a0\u4e0a\u7ebf\u4ee5\u6765\u603b\u4f53\u6ca1\u6709\u51fa\u73b0\u8fc7\u5927\u7684\u5b89\u5168\u7eb0\u6f0f\uff0c\u53e0\u52a0\u957f\u671f\u4ee5\u6765\u7684\u5e02\u573a\u9886\u5148\u5730\u4f4d\uff0c\u4e5f\u6210\u4e3a\u5de8\u9cb8\u7528\u6237\u548c\u673a\u6784\u9009\u62e9\u8d28\u62bc\u670d\u52a1\u5546\u65f6\u7684\u91cd\u8981\u8003\u91cf\u56e0\u7d20\uff0c\u6bd4\u5982\u5b59\u5b87\u6668\u548c\u81ea\u884c\u5f00\u53d1\u00a0mETH\u00a0\u4e4b\u524d\u7684\u00a0Mantle\u00a0\u5c31\u662f\u4f7f\u7528\u00a0Lido\u00a0\u670d\u52a1\u7684\u5178\u578b\u4ee3\u8868\u3002<\/p>\n<\/li>\n<li>\n<p><strong>\u4e3b\u8981\u6311\u6218\u548c\u98ce\u9669<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Lido\u00a0\u76ee\u524d\u9762\u4e34\u7684\u4e3b\u8981\u6311\u6218\uff0c\u6765\u81ea\u4e8e\u662f\u4ee5\u592a\u574a\u7f51\u7edc\u53bb\u4e2d\u5fc3\u5316\u9700\u6c42\u3002<\/p>\n<p>\u5bf9\u4e8e\u00a0PoS\u00a0\u94fe\u800c\u8a00\uff0c\u8d28\u62bc\u8005\u51b3\u5b9a\u4e86\u5171\u8bc6\u7684\u5f62\u6210\uff0c\u800c\u4ee5\u592a\u574a\u751f\u6001\u76ee\u524d\u6709\u7740\u4e3b\u6d41\u00a0PoS\u00a0\u516c\u94fe\u4e2d\u5bf9\u53bb\u4e2d\u5fc3\u5316\u6700\u6267\u7740\u7684\u8ffd\u6c42\uff0c\u56e0\u800c\u5728\u6709\u5173\u00a0Lido\u00a0\u89c4\u6a21\u95ee\u9898\u4e0a\u4e0d\u514d\u663e\u5f97\u6709\u4e9b\u201c\u82db\u523b\u201d\uff1a\u5728\u00a0Lido\u00a0\u7684\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\u8fbe\u5230\u4ee5\u592a\u574a\u7f51\u7edc\u8d28\u62bc\u89c4\u6a21\u00a030%\u00a0\u4e4b\u65f6\uff0c\u5c31\u4e0d\u65ad\u6709\u58f0\u97f3\u63d0\u51fa\u8981\u9650\u5236\u00a0Lido\u00a0\u7684\u89c4\u6a21\u589e\u957f\u3002\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u4e5f\u5728\u4e0d\u65ad\u8c03\u6574\u5176\u8d28\u62bc\u673a\u5236\uff0c\u6765\u9632\u6b62\u201c\u8fc7\u5927\u7684\u5355\u4e00\u8d28\u62bc\u5b9e\u4f53\u201d\u51fa\u73b0\u3002<\/p>\n<p>\u5bf9\u4e8e\u00a0dapp\u00a0\u800c\u8a00\uff0c\u5176\u552f\u4e00\u53d1\u5c55\u4e1a\u52a1\u7684\u516c\u94fe\u5e76\u4e0d\u652f\u6301\uff0c\u4e43\u81f3\u9650\u5236\u5176\u4e1a\u52a1\u7684\u53d1\u5c55\uff0c\u662f\u4e2d\u957f\u671f\u00a0Lido\u00a0\u6700\u5927\u7684\u6311\u6218\u3002\u867d\u7136\u00a0Lido\u00a0\u65e9\u5c31\u610f\u8bc6\u5230\u8fd9\u70b9\uff0c\u5e76\u5728\u00a023\u00a0\u5e74\u5f00\u59cb\u780d\u6389\u5176\u4ed6\u6240\u6709\u94fe\u7684\u4e1a\u52a1\uff0c\u5c06\u4e0e\u4ee5\u592a\u574a\u5bf9\u5176\u4f5c\u4e3a\u5176\u91cd\u8981\u7684\u5de5\u4f5c\u76ee\u6807\uff0c\u4e0d\u8fc7\u76ee\u524d\u6765\u770b\u6536\u6548\u5e76\u4e0d\u660e\u663e\u3002<\/p>\n<p>\u53e6\u4e00\u65b9\u9762\uff0c\u5c3d\u7ba1\u76ee\u524d\u00a0ETH\u00a0\u7684\u8d28\u62bc\u7387\u8fd8\u4e0d\u5230\u00a030%\u00a0\uff0828%\u00a0\uff09\uff0c\u76f8\u6bd4\u5176\u4ed6\u5e02\u503c\u9760\u524d\u7684\u00a0PoS\u00a0\u94fe\u00a0Solana\uff0865%\u00a0\uff09\u3001ADA(\u00a060%\u00a0)\u3001SUI\uff0877%\u00a0\uff09\u8fd8\u6709\u8f83\u5927\u7684\u5dee\u8ddd\uff0c\u4f46\u662f\u4ee5\u592a\u574a\u56e2\u961f\u4e00\u76f4\u4ee5\u6765\u5e76\u4e0d\u5e0c\u671b\u592a\u591a\u7684\u00a0ETH\u00a0\u8fdb\u5165\u8d28\u62bc\uff0c\u66fe\u7ecf\u63d0\u8fc7\u5c06\u8d28\u62bc\u7387\u9650\u5236\u5728\u6700\u9ad8\u00a030%\u00a0\uff0c\u8fd9\u4e5f\u4f7f\u5f97\u00a0Lido\u00a0\u7684\u672a\u6765\u5e02\u573a\u7684\u589e\u91cf\u7a7a\u95f4\u663e\u5f97\u76f8\u5bf9\u6709\u9650\u3002<\/p>\n<p>\u6b64\u5916\uff0cETH\u00a0\u672c\u8eab\u5728\u672c\u8f6e\u5468\u671f\u4e2d\u8868\u73b0\u4e0d\u4f73\uff0cLido\u00a0\u4f5c\u4e3a\u6982\u5ff5\u548c\u4e1a\u52a1\u6570\u636e\u4e0a\u90fd\u4e0e\u00a0ETH\u00a0\u4ef7\u683c\u5f3a\u76f8\u5173\u7684\u9879\u76ee\uff0c\u672c\u8f6e\u5468\u671f\u7684\u8868\u73b0\u81ea\u7136\u4e5f\u5341\u5206\u6323\u624e\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4f30\u503c\u53c2\u8003<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u6700\u8fd1\u4e00\u5e74\u65f6\u95f4\uff0cLDO\u00a0\u7684\u00a0PS\u00a0\u5904\u4e8e\u5386\u53f2\u4f4e\u4f4d\u533a\u95f4\uff0c\u5c24\u5176\u662f\u6700\u8fd1\u534a\u5e74\uff0c\u5176\u00a0PS\u00a0\u4e00\u76f4\u4f4e\u4e8e\u00a020\u00a0\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/d27ccb3a2e2a9b542ca9d2217f487e48.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe33\" \/><\/p>\n<p>\u53e6\u5916\u503c\u5f97\u6307\u51fa\u7684\u662f\uff0c\u5728\u4eca\u5e74\u5185\uff0c\u534f\u8bae\u6536\u5165\u5b58\u5728\u8f6c\u53d8\u4e3a$LDO\u00a0\u6536\u5165\u7684\u53ef\u80fd\u6027\u3002\u4ece\u00a02024\u00a0\u5e74\u5f00\u59cb\uff0c\u793e\u533a\u5185\u591a\u6b21\u63d0\u8bae\u8981\u5c06\u534f\u8bae\u6536\u5165\uff085%\u00a0\u5206\u7ed9\u00a0DAO\u00a0\u7684\u90e8\u5206\uff09\u5206\u914d\u7ed9 $LDO\u00a0\u6301\u6709\u4eba\uff0c\u4e0d\u8fc7\u6838\u5fc3\u56e2\u961f\u4ece\u5ba1\u614e\u89d2\u5ea6\u51fa\u53d1\u660e\u786e\u53cd\u5bf9\uff0c\u591a\u6b21\u6cbb\u7406\u6d41\u7a0b\u6295\u7968\u4e5f\u672a\u901a\u8fc7\u3002\u4e0d\u8fc7\u968f\u7740\u76d1\u7ba1\u73af\u5883\u7684\u5927\u5e45\u5ea6\u5bbd\u677e\uff0c\u4ee5\u53ca\u534f\u8bae\u4ece\u00a02024\u00a0\u5e74\u5f00\u59cb\u6b63\u5f0f\u4ea7\u751f\u4f1a\u8ba1\u610f\u4e49\u4e0a\u7684\u201c\u5229\u6da6\u201d\uff08\u534f\u8bae\u6536\u5165\u6263\u9664\u5305\u62ec\u56e2\u961f\u5de5\u8d44\u5728\u5185\u7684\u5168\u90e8\u5f00\u652f\uff0c\u4ecd\u7136\u6709\u76c8\u4f59\uff09\uff0c\u6838\u5fc3\u56e2\u961f\u4e5f\u5728\u00a02025\u00a0\u5e74\u7684\u76ee\u6807\u4e2d\u6b63\u5f0f\u8ba8\u8bba\u201c\u5c06\u534f\u8bae\u6536\u5165\u4e0e\u00a0LDO\u00a0\u76f4\u63a5\u6302\u94a9\u201d\uff0c\u5728\u00a02025\u00a0\u5e74\u6211\u4eec\u6709\u671b\u770b\u5230$LDO\u00a0\u5f00\u59cb\u83b7\u53d6\u534f\u8bae\u7684\u8d28\u62bc\u6536\u5165\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/eee1be054d60f90f71ef2a35661a4d6e.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe34\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Lido\u00a0\u534f\u8bae\u7ecf\u6d4e\uff08\u56fe\u4e2d\u84dd\u7d2b\u8272\u6298\u7ebf\u4e3a\u534f\u8bae\u201c\u51c0\u5229\u6da6\u201d\uff09 \u6765\u6e90\uff1a<\/span>Dune<\/p>\n<h3 class=\"customstyle_text\">\n<li>\n<p><strong>\u4e1a\u52a1\u73b0\u72b6<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Jito\u00a0\u662f\u00a0Solana\u00a0\u7f51\u7edc\u7684\u9886\u5148\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u670d\u52a1\u63d0\u4f9b\u5546\uff0c\u4e5f\u662f\u00a0Solana\u00a0\u7f51\u7edc\u7684\u00a0MEV\u00a0\u57fa\u7840\u8bbe\u65bd\uff0c\u540c\u65f6\u4ed6\u4eec\u5728\u00a02024\u00a0\u5e74\u8fd8\u5f00\u59cb\u63d0\u4f9b\u00a0restaking\u00a0\u670d\u52a1\u3002\u4e0d\u8fc7\u76ee\u524d\u00a0Restaking\u00a0\u89c4\u6a21\u8fd8\u6bd4\u8f83\u5c0f\uff0cTVL\u00a0\u521a\u8d85\u8fc7\u00a01\u00a0\u4ebf\u7f8e\u5143\uff0c\u4e14\u00a0Restaking\u00a0\u90e8\u5206\u7684\u6536\u76ca\u6765\u6e90\u4e5f\u5e76\u4e0d\u660e\u786e\u3002Jito\u00a0\u7684\u4e3b\u8425\u4e1a\u52a1\u8fd8\u662f\u524d\u4e24\u8005\uff1a\u6d41\u52a8\u6027\u8d28\u62bc\u670d\u52a1\u548c\u00a0MEV\u00a0\u670d\u52a1\u63d0\u4f9b\u5546\u3002<\/p>\n<p>Jito\u00a0\u5728\u00a0Solana\u00a0\u4e0a\u63d0\u4f9b\u7684\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u670d\u52a1\u4e0e\u00a0Lido\u00a0\u5728\u00a0Ethereum\u00a0\u7f51\u7edc\u4e0a\u7684\u7c7b\u4f3c\uff0c\u5c06\u7528\u6237\u5b58\u5165\u7684\u00a0SOL\u00a0\u901a\u8fc7\u8282\u70b9\u8fd0\u8425\u5546\u53c2\u4e0e\u5230\u00a0Solana\u00a0\u7684\u8d28\u62bc\u4e2d\uff0c\u4ece\u7528\u6237\u6536\u76ca\u4e2d\u63d0\u53d6\u00a010%\u00a0\u4f5c\u4e3a\u534f\u8bae\u6536\u5165\u3002<\/p>\n<p>\u5728\u00a0MEV\u00a0\u65b9\u9762\uff0c\u6b64\u524d\u00a0Jito labs \u56e2\u961f\u62bd\u53d6\u5168\u90e8\u6536\u5165\u7684\u00a05%\u00a0\uff0c\u4e0d\u8fc7\u5728\u4eca\u5e74\u00a01\u00a0\u6708\u5e95\u521a\u521a\u4e0a\u7ebf\u00a0NCN\uff08Node Consensus Networks\uff09\u4ee5\u53caJIP-8\u00a0\u7b49\u63d0\u6848\u6b63\u5f0f\u4e0a\u7ebf\u540e\uff0cJito\u00a0\u534f\u8bae\u5f00\u59cb\u83b7\u53d6\u00a0MEV\u00a0\u6536\u5165\u7684\u00a03%\u00a0\uff0c\u5177\u4f53\u5206\u6210\u4e3a\uff1aJito DAO\u00a0\u83b7\u5f97\u00a02.7%\u00a0\u3001\u8d28\u62bc\u00a0JTO Vault\u00a0\u83b7\u5f97\u00a00.15%\u00a0\u3001jitoSOL\u00a0\u548c\u5176\u4ed6\u7684\u00a0LST\u00a0\u8d28\u62bc\u8005\u83b7\u5f97\u00a00.15%\u00a0\u3002<\/p>\n<p>\u7528\u6237\u5728\u00a0Solana\u00a0\u8fdb\u884c\u4ea4\u6613\u65f6\uff0c\u5176\u652f\u4ed8\u7684\u00a0gas fee\u00a0\u53ef\u4ee5\u5206\u4e3a\u4e09\u7c7b\uff1a\u57fa\u7840\u8d39\u7528\u3001\u4f18\u5148\u8d39\u7528\u548c\u00a0mev\u00a0\u5c0f\u8d39\u3002\u5176\u4e2d\u57fa\u7840\u8d39\u7528\u5fc5\u987b\u652f\u4ed8\uff0c\u4f18\u5148\u8d39\u548c\u00a0mev\u00a0\u5c0f\u8d39\u90fd\u662f\u53ef\u9009\u652f\u4ed8\uff0c\u4e3b\u8981\u7528\u9014\u4e5f\u90fd\u662f\u63d0\u9ad8\u4ea4\u6613\u7684\u4f18\u5148\u7ea7\uff0c\u533a\u522b\u5728\u4e8e\u4f18\u5148\u8d39\u7684\u76ee\u7684\u662f\u63d0\u9ad8\u4ea4\u6613\u4e0a\u94fe\u9636\u6bb5\u4f18\u5148\u7ea7\uff0c\u662f\u00a0Solana\u00a0\u534f\u8bae\u5c42\u7684\u7edf\u4e00\u8bbe\u7f6e\uff0c\u5f52\u5c5e\u4e8e\u9a8c\u8bc1\u8005\uff08\u5373\u8d28\u62bc\u8005\uff09\uff1b\u800c\u00a0MEV\u00a0\u5c0f\u8d39\u5219\u662f\u7528\u6237\u4e0e\u00a0MEV\u00a0\u670d\u52a1\u63d0\u4f9b\u5546\u4e4b\u95f4\u7684\u5355\u72ec\u7684\u534f\u5b9a\uff0c\u76ee\u7684\u662f\u5728\u00a0MEV\u00a0\u670d\u52a1\u5546\u5904\u83b7\u5f97\u8f83\u9ad8\u7684\u4ea4\u6613\u4f18\u5148\u7ea7\u5f97\u4ee5\u4f18\u5148\u6784\u5efa\u5176\u4ea4\u6613\uff08\u800c\u540e\u624d\u80fd\u4e0a\u94fe\uff09\uff0c\u5177\u4f53\u5206\u914d\u7531\u00a0MEV\u00a0\u670d\u52a1\u5546\u81ea\u884c\u51b3\u5b9a\u3002<\/p>\n<p>\u76ee\u524d\uff0cJito\u00a0\u7684\u00a0MEV\u00a0\u670d\u52a1\u5c06\u6536\u53d6\u7684\u00a094%\u00a0\u7684\u8d39\u7528\u90fd\u8fd4\u8fd8\u7ed9\u9a8c\u8bc1\u8005\uff0c\u00a03%\u00a0jito labs\u00a0\u63d0\u53d6\uff0c\u00a03%\u00a0\u5206\u914d\u7ed9\u00a0Jito\u00a0\u534f\u8bae\u3002\u5728\u6b64\u524d\u00a0solana\u00a0\u7f51\u7edc\u7684\u00a0gas fee\u00a0\u4e2d\uff0c\u57fa\u7840\u8d39\u7528\u7684\u5360\u6bd4\u8f83\u5c0f\u53ef\u4ee5\u5ffd\u7565\u4e0d\u8ba1\uff0c\u4f18\u5148\u8d39\u548c\u00a0MEV\u00a0\u5c0f\u8d39\u7684\u89c4\u6a21\u76f8\u5f53\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/a7fca4e5a6dfff43e0e460f259836b6b.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe35\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Solana\u00a0\u7f51\u7edc\u7684\u00a0REV\uff08\u5373\u7528\u6237\u652f\u4ed8\u7684\u5168\u90e8\u8d39\u7528\uff09 \u6765\u6e90\uff1a<\/span>Blockworks<\/p>\n<p>\u76f8\u6bd4\u00a0Lido\u00a0\u5728\u4ee5\u592a\u574a\u7684\u60c5\u51b5\uff0cJito\u00a0\u7531\u4e8e\u5728\u00a0Solana\u00a0\u751f\u6001\u7684\u00a0MEV\u00a0\u5177\u5907\u8fd1\u4e4e\u5784\u65ad\u7684\u8bdd\u8bed\u6743\uff0c\u4ece\u800c\u53ef\u4ee5\u4ece\u00a0MEV\u00a0\u6536\u5165\u4e2d\u83b7\u53d6\u66f4\u591a\u7684\u4ef7\u503c\uff08Jito MEV\u00a0\u5728\u00a0Solana\u00a0\u751f\u6001\u7684\u5730\u4f4d\u4e0e\u4ee5\u592a\u574a\u751f\u6001\u7684\u00a0Flashbots\u00a0\u7c7b\u4f3c\uff09\u3002<\/p>\n<p>\u63a5\u4e0b\u6765\uff0c\u6211\u4eec\u6765\u770b\u00a0Jito\u00a0\u7684\u5177\u4f53\u6570\u636e\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\uff08Assets staked\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u76ee\u524d\uff0cJito\u00a0\u8d28\u62bc\u8d44\u4ea7\u89c4\u6a21\uff08\u6d41\u52a8\u6027\u8d28\u62bc\uff09\u8d85\u8fc7\u00a025\u00a0\u4ebf\u7f8e\u91d1<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/0edac178803a203e7b4947083787519e.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe36\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\n<p class=\"img-desc customstyle_text\">\u800c\u5728\u00a0MEV\u00a0\u9886\u57df\uff0cJito\u00a0\u5728\u00a0Solana\u00a0\u8fd1\u4e4e\u5904\u4e8e\u5784\u65ad\u5730\u4f4d\uff0c\u76ee\u524d\u8d28\u62bc\u7684\u00a03.94\u00a0\u4ebf\u679a\u00a0SOL\u00a0\u4e2d\uff0c\u6709\u8d85\u8fc7\u00a094%\u00a0\u90fd\u4f7f\u7528\u4e86\u00a0Jito\u00a0\u7684\u00a0MEV\u00a0\u670d\u52a1\u3002<\/span><\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/8d45af444448be70558ca7bb9da0d8bd.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe37\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Jito\u00a0\u5b98\u7f51<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u6bdb\u5229\u6da6\uff08Gross Profit\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Jito\u00a0\u76ee\u524d\u7684\u534f\u8bae\u6536\u5165\u6709\u4e24\u90e8\u5206\uff0c\u4ed6\u4eec\u6536\u53d6\u6d41\u52a8\u6027\u8d28\u62bc\u4ea7\u751f\u6536\u76ca\u7684\u00a010%\u00a0\u4ee5\u53ca\u00a0MEV\u00a0\u6536\u5165\u7684\u00a03%\u00a0\u3002\u76ee\u524d\u00a0Jito\u00a0\u5206\u00a04%\u00a0\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u6536\u76ca\u7ed9\u8282\u70b9\u8fd0\u8425\u5546\uff0c\u6240\u4ee5\u5176\u6d41\u52a8\u6027\u8d28\u62bc\u90e8\u5206\u7684\u6bdb\u5229\u6da6\u662f\u6536\u5165\u7684\u00a060%\u00a0\uff0c\u7531\u4e8e\u76ee\u524d\u7b14\u8005\u6ca1\u6709\u627e\u5230\u5355\u72ec\u7edf\u8ba1\u00a0Jito\u00a0\u6bdb\u5229\u6da6\u6570\u636e\u6e90\uff0c\u6211\u4eec\u4ee5\u00a0Jito\u00a0\u7684\u6536\u5165\u60c5\u51b5\u6765\u505a\u5206\u6790\uff0c\u5982\u4e0b\u56fe\u6240\u793a\uff1a<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/b45bc2a4fee26103601386afea5c057c.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe38\" \/><\/p>\n<p class=\"img-desc customstyle_text\">\u6570\u636e\u6765\u6e90\uff1aTokenterminal<\/span><\/p>\n<p>\u53ef\u4ee5\u770b\u51fa\uff0cJito\u00a0\u7684\u6536\u5165\u4e0e\u00a0Solana\u00a0\u7f51\u7edc\u70ed\u5ea6\u5b8c\u5168\u76f8\u5173\uff0c\u5176\u6536\u5165\u4ece\u00a024\u00a0\u5e74\u00a010\u00a0\u6708\u5f00\u59cb\u6bd4\u8d77\u4e4b\u524d\u6709\u4e86\u6570\u91cf\u7ea7\u7684\u63d0\u5347\uff0c\u6bcf\u5468\u6536\u5165\u90fd\u8d85\u8fc7\u00a0100\u00a0\u4e07\u7f8e\u91d1\uff0c\u800c\u4e14\u8fd9\u90e8\u5206\u6536\u5165\u6709\u4e24\u4e2a\u663e\u8457\u9ad8\u70b9\uff1a\u00a011\u00a0\u6708\u00a020\u00a0\u65e5\u548c\u00a01\u00a0\u6708\u00a020\u00a0\u65e5\uff0c\u5f53\u5468\u00a0Jito\u00a0\u7684\u534f\u8bae\u6536\u5165\u5206\u522b\u9ad8\u8fbe\u00a0400\u00a0\u4e07\u7f8e\u91d1\u548c\u00a0540\u00a0\u4e07\u7f8e\u91d1\uff0c\u5bf9\u5e94\u7684\u4e5f\u662f\u94fe\u4e0a\u7684\u4e24\u4e2a\u5927\u7684\u6295\u673a\u70ed\u6f6e\u3002\u4e0d\u8fc7\u8fd1\u671f\u00a0Solana\u00a0\u94fe\u4e0a\u9047\u51b7\u4e4b\u540e\u5176\u6536\u5165\u4e5f\u8fc5\u901f\u4e0b\u964d\u3002<\/p>\n<p>\u800c\u5173\u4e8e\u00a0MEV\u00a0\u7684\u90e8\u5206\uff0c\u53ef\u80fd\u662f\u56e0\u4e3a\u00a0mev\u00a0\u6536\u5165\u5206\u6210\u521a\u521a\u4e0a\u7ebf\uff0c\u7b14\u8005\u5728\u76ee\u524d\u4e3b\u6d41\u7684\u6570\u636e\u7edf\u8ba1\u7f51\u7ad9\u4ee5\u53ca\u00a0Dune\u00a0\u4e2d\u90fd\u6ca1\u6709\u627e\u5230\u5bf9\u8fd9\u90e8\u5206\u7684\u7edf\u8ba1\uff0c\u4e0d\u8fc7\u6211\u4eec\u53ef\u4ee5\u4f9d\u636e\u00a0JitoMEV\u00a0\u7684\u603b\u6536\u5165\u505a\u4e2a\u6298\u7b97\u3002\u4e0b\u56fe\u662f\u00a0Jito\u00a0\u7684\u00a0MEV\u00a0\u603b\u6536\u5165\u60c5\u51b5\uff1a<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/1a6b45fb67acb664ac731059afbc9135.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe39\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Jito\u00a0\u5b98\u7f51<\/p>\n<p><span>Jito MEV\u00a0\u603b\u6536\u5165\u60c5\u51b5\u4e0e\u00a0Jito\u00a0\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u90e8\u5206\u7684\u6536\u5165\u8d8b\u52bf\u4e00\u81f4\uff0c\u5728\u6700\u9ad8\u5cf0\u7684\u4eca\u5e74\u00a01\u00a0\u6708\u00a020\u00a0\u65e5\uff0cMEV\u00a0\u603b\u6536\u5165\u4e3a\u00a010\u00a0\u4e07\u679a\u00a0SOL\uff0c\u5728\u00a02024\u00a0\u5e74\u00a010\u00a0\u6708\u4ee5\u540e\uff0c\u65e5\u5747\u7684\u00a0MEV\u00a0\u6536\u5165\u5728\u00a03\u00a0\u4e07\u679a\u00a0SOL\u00a0\u5de6\u53f3\uff0c\u6700\u4f4e\u503c\u4e5f\u6709\u00a01\u00a0\u4e07\u00a0SOL\u3002<\/span><\/p>\n<p>\u6211\u4eec\u6309\u7167\u00a03%\u00a0\u7684\u534f\u8bae\u6536\u5165\u7387\u6765\u56de\u6d4b\u8fd9\u6bb5\u65f6\u95f4\u7684\u6536\u5165\uff0c\u6700\u9ad8\u5355\u65e5\u6536\u5165\u4e3a\u00a03000\u00a0\u679a\u00a0SOL\uff0c\u6309\u7167\u5f53\u65f6\u4ef7\u683c\u7ea6\u4e3a\u00a084\u00a0\u4e07\u7f8e\u5143\uff0c\u6700\u9ad8\u7684\u4e00\u5468\u6536\u5165\u4e3a\u00a014400\u00a0\u679a\u00a0SOL\uff0c\u7ea6\u00a0370\u00a0\u4e07\u00a0U\uff0c\u65e5\u5747\u7684\u00a0MEV\u00a0\u6536\u5165\u4e3a\u00a01000\u00a0\u679a\u00a0SOL\uff08\u7ea6\u00a017\u00a0\u4e07\u00a0U\uff0c\u5173\u4e8e\u8fd9\u90e8\u5206\u6536\u5165\u7684\u8be6\u7ec6\u9884\u6d4b\uff0c\u5728JIP-8\u00a0\u63d0\u6848\u4e2d\u66fe\u7ecf\u6709\u8fc7\u9884\u6d4b\uff0c\u6709\u5174\u8da3\u7684\u8bfb\u8005\u53ef\u4ee5\u81ea\u884c\u9605\u8bfb\uff09\u3002<\/p>\n<p>\u603b\u4f53\u800c\u8a00\uff0c\u5728\u76ee\u524d\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u6536\u5165\u4e4b\u5916\uff0c\u6765\u81ea\u00a0MEV\u00a0\u7684\u6536\u5165\u5927\u81f4\u80fd\u4f7f\u5f97\u00a0Jito\u00a0\u7684\u6536\u5165\u89c4\u6a21\u518d\u4e0a\u6da8\u00a050%\u00a0\uff1b<\/p>\n<p>\u4ece\u6bdb\u5229\u6da6\u89c4\u6a21\u6765\u770b\uff0c\u6d41\u52a8\u6027\u8d28\u62bc\u90e8\u5206\u6536\u5165\u7684\u6bdb\u5229\u6da6\u5e73\u5747\u6bcf\u5468\u5728\u00a060\u00a0\u4e07\u7f8e\u5143\u5de6\u53f3\uff0c\u800c\u00a0MEV\u00a0\u6536\u5165\u7684\u6bdb\u5229\u6da6\u9ad8\u8fbe\u00a095%\u00a0\uff08\u53ea\u6709\u5206\u914d\u7ed9\u00a0jitoSOL\u00a0\u7684\u00a00.15%\u00a0\u4e0d\u7b97\u6bdb\u5229\u6da6\uff0c\u8fdb\u5165\u00a0DAO\u00a0\u548c\u00a0JTO Vault\u00a0\u7684\u90e8\u5206\u90fd\u53ef\u4ee5\u7b97\u4f5c\u6bdb\u5229\u6da6\uff09\uff0c\u5bf9\u5e94\u6bdb\u5229\u6da6\u6bcf\u5468\u5927\u7ea6\u5728\u00a0100\u00a0\u4e07\u7f8e\u5143\u5de6\u53f3\uff0c\u53ef\u4ee5\u4f7f\u5f97\u00a0Jito\u00a0\u7684\u6bdb\u5229\u6da6\u89c4\u6a21\u4e0a\u6da8\u00a0150%\u00a0\u5de6\u53f3\uff0c\u5e74\u5316\u6bdb\u5229\u6da6\u7684\u89c4\u6a21\u5728\u00a08500\u00a0\u4e07\u7f8e\u5143\u5de6\u53f3\u3002<\/p>\n<p>\u9700\u8981\u6307\u51fa\u7684\u662f\uff0cJito\u00a0\u7684\u6536\u5165\u548c\u6bdb\u5229\u6da6\u60c5\u51b5\u4e0e\u00a0Solana\u00a0\u7f51\u7edc\u70ed\u5ea6\u5f3a\u76f8\u5173\uff0c\u6700\u8fd1\u00a0Solana\u00a0\u7f51\u7edc\u00a0meme\u00a0\u4ea4\u6613\u70ed\u6f6e\u6d88\u9000\u4e4b\u540e\uff0c\u5176\u5355\u65e5\u6536\u5165\u964d\u4f4e\u81f3\u6700\u9ad8\u5cf0\u7684\u00a010%\u00a0\u5de6\u53f3\uff0c\u6570\u636e\u6ce2\u52a8\u6781\u5927\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u4ee3\u5e01\u6fc0\u52b1\uff08Token Incentives\uff09<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u4e0d\u8bba\u662f\u6d41\u52a8\u6027\u8d28\u62bc\u8fd8\u662f\u00a0MEV\uff0cJito\u00a0\u90fd\u6ca1\u6709\u5bf9\u5176\u4e1a\u52a1\u8fdb\u884c\u4ee3\u5e01\u6fc0\u52b1\u3002\u7b97\u7684\u4e0a\u4ee3\u5e01\u6fc0\u52b1\u7684\u53ea\u6709\u5176\u4e0a\u7ebf\u65f6\u7684\u00a010%\u00a0\u7684\u4e00\u6b21\u6027\u4ee3\u5e01\u7a7a\u6295\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p><strong>\u7ade\u4e89\u60c5\u51b5<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Restaking\u00a0\u5c1a\u672a\u4ea7\u751f\u771f\u6b63\u7684\u00a0PMF\uff0c\u6240\u4ee5\u6211\u4eec\u5c06\u4e3b\u8981\u5206\u6790\u00a0Jito\u00a0\u5728\u6d41\u52a8\u6027\u8d28\u62bc\u548c\u00a0MEV\u00a0\u4e24\u65b9\u9762\u7684\u7ade\u4e89\u60c5\u51b5\u3002<\/p>\n<p>\u5728\u00a0Solana\u00a0\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u5e02\u573a\u4e2d\uff0c\u5728\u00a02023\u00a0\u5e74\u624d\u6b63\u5f0f\u4e0a\u7ebf\u4e1a\u52a1\uff0c\u4f46\u5374\u540e\u53d1\u5148\u81f3\u76ee\u524d\u5904\u4e8e\u9886\u5148\u5730\u4f4d\uff0c\u6b64\u524d\u7684\u9886\u5148\u8005\u00a0Marinade\u00a0\u548c\u00a0Lido\u00a0\u66fe\u7ecf\u4e00\u5ea6\u5360\u636e\u5168\u90e8\u00a0Solana\u00a0\u6d41\u52a8\u6027\u8d28\u62bc\u5e02\u573a\u7684\u8d85\u00a090%\u00a0\uff0c\u4e0d\u8fc7\u5374\u7531\u4e8e\u5176\u81ea\u8eab\u7684\u539f\u56e0\u88ab\u00a0Jito\u00a0\u6240\u8d85\u8d8a\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/3a7ab8df270d821e8d787a8e170bed7e.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe40\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/81b31ae92fd00ccf27531bf75fbbf4af.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe41\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Dune<\/p>\n<p><span>2023\u00a0\u5e74\u5e95\u5f00\u59cb\uff0cSolana\u00a0\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u5e02\u573a\u8fce\u6765\u4e86\u66f4\u591a\u7684\u73a9\u5bb6\uff0cBlazestake\u3001Jupiter\u00a0\u7b49\u8d8a\u6765\u8d8a\u591a\u7684\u73a9\u5bb6\u76f8\u7ee7\u52a0\u5165\u6218\u573a\uff0c\u4f46\u00a0Jito\u00a0\u7684\u5e02\u573a\u4efd\u989d\u672a\u53d7\u5f71\u54cd\u3002\u4e0d\u8fc7\uff0c\u5728\u00a02024\u00a0\u5e74\u00a010\u00a0\u6708\u5f00\u59cb\uff0c\u4ea4\u6613\u6240\u7684\u00a0SOL\u00a0\u6d41\u52a8\u6027\u8d28\u62bc\u4ea7\u54c1\uff08\u4e3b\u8981\u662f\u00a0Binance\u00a0\u7684\u00a0bnSOL\uff0c\u4e5f\u5305\u62ec\u00a0Bybit\u00a0\u7684\u00a0bbSOL\uff09\u4f7f\u5f97\u00a0Jito\u00a0\u7684\u5e02\u573a\u4efd\u989d\u6709\u6240\u4e0b\u964d\uff0c\u8fd9\u4e3b\u8981\u662f\u7531\u4e8e\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u5177\u5907\u6258\u7ba1\u8d44\u4ea7\u7684\u5929\u7136\u4f18\u52bf\uff0c\u4ed6\u4eec\u5c06\u00a0SOL\u00a0\u7406\u8d22\u4ea7\u54c1\u4ece\u539f\u672c\u7684\u539f\u751f\u8d28\u62bc\u8f6c\u4e3a\u6d41\u52a8\u6027\u8d28\u62bc\uff0c\u7ed9\u7528\u6237\u63d0\u4f9b\u4e86\u66f4\u4f18\u7684\u4f53\u9a8c\uff0c\u56e0\u800c\u5176\u4efd\u989d\u8fc5\u901f\u4e0a\u5347\u3002\u6211\u4eec\u4ece\u4e0a\u56fe\u00a01\u00a0\u4e5f\u53ef\u4ee5\u770b\u5230\uff0c\u6765\u81ea\u00a0bnSOL\u00a0\u548c\u00a0bbSOL\u00a0\u7684\u589e\u91cf\u90e8\u5206\u76f8\u5bf9\u201c\u72ec\u7acb\u201d\uff0c\u5e76\u4e0d\u662f\u4fb5\u5360\u4e86\u67d0\u4e9b\u00a0LST\u00a0\u534f\u8bae\u7684\u4efd\u989d\u3002<\/span><\/p>\n<p>\u76ee\u524d\uff0cSolana\u00a0\u7684\u8d28\u62bc\u8d85\u8fc7\u00a090%\u00a0\u7684\u90fd\u8fd8\u662f\u539f\u751f\u8d28\u62bc\uff0c\u53ea\u6709\u4e0d\u8db3\u00a010%\u00a0\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u7387\uff0c\u76f8\u6bd4\u4ee5\u592a\u574a\u7684\u00a038%\u00a0\u5de6\u53f3\u8fd8\u6709\u8f83\u5927\u7684\u63d0\u5347\u7a7a\u95f4\u3002\u5f53\u7136\u5bf9\u666e\u901a\u7528\u6237\u800c\u8a00\uff0c\u53c2\u4e0e\u00a0Solana\u00a0\u539f\u751f\u8d28\u62bc\u7684\u96be\u5ea6\u8981\u6bd4\u53c2\u4e0e\u4ee5\u592a\u574a\u7684\u539f\u751f\u8d28\u62bc\u5bb9\u6613\u7684\u591a\uff0cSolana\u00a0\u6d41\u52a8\u6027\u8d28\u62bc\u7684\u5360\u6bd4\u53ef\u80fd\u4e0d\u4f1a\u6700\u7ec8\u8fbe\u5230\u4ee5\u592a\u574a\u7684\u5360\u6bd4\uff0c\u4e0d\u8fc7\u6d41\u52a8\u6027\u8d28\u62bc\u4ecd\u7136\u5e26\u6765\u4e86\u76f8\u5bf9\u66f4\u4f73\u7684\u6d41\u52a8\u6027\u548c\u53ef\u7ec4\u5408\u6027\u3002\u5728\u672a\u6765\uff0cJito\u00a0\u4ecd\u4f1a\u53d7\u76ca\u4e8e\u00a0Solana\u00a0\u6d41\u52a8\u6027\u8d28\u62bc\u603b\u4f53\u89c4\u6a21\u7684\u4e0a\u6da8\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250304\/9a915a3eaa39391b347efd3218523c42.jpg\" title=\"\u6c99\u91cc\u6dd8\u91d1\uff1a\u5bfb\u627e\u7a7f\u8d8a\u725b\u718a\u7684\u957f\u7ebf\u6295\u8d44\u6807\u7684\uff082025\u7248\u4e0a\u7bc7\uff09\u63d2\u56fe42\" \/><\/p>\n<p class=\"img-desc customstyle_text\">Solana \u8d28\u62bc\u5e02\u573a\u4efd\u989d\u5360\u6bd4 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