{"id":235,"date":"2024-11-20T09:33:36","date_gmt":"2024-11-20T01:33:36","guid":{"rendered":"https:\/\/www.qtjingmi.com\/?p=235"},"modified":"2024-11-20T09:33:36","modified_gmt":"2024-11-20T01:33:36","slug":"%e6%b3%a2%e5%9c%batron%e8%a1%8c%e4%b8%9a%e5%91%a8%e6%8a%a5%ef%bc%9a%e7%89%b9%e6%9c%97%e6%99%ae%e8%83%9c%e9%80%89%e9%99%8d%e6%81%af%e5%8a%a9%e5%8a%9b%e6%af%94%e7%89%b9%e5%b8%81%e7%aa%81%e7%a0%b48","status":"publish","type":"post","link":"https:\/\/www.gzmgg.com\/?p=235","title":{"rendered":"\u6ce2\u573aTRON\u884c\u4e1a\u5468\u62a5\uff1a\u7279\u6717\u666e\u80dc\u9009+\u964d\u606f\u52a9\u529b\u6bd4\u7279\u5e01\u7a81\u78348\u4e07\u7f8e\u5143\uff01"},"content":{"rendered":"<div>\n<h1 class=\"ql-align-justify\"><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731400905241977.png\"><\/h1>\n<h1 class=\"ql-align-justify\"><strong>\u4e00.\u524d\u77bb<\/strong><\/h1>\n<h2><strong>1. 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Universe\u7684\u4e8c\u6d4b\u7248\u672c\u5373\u5c06\u4e0a\u7ebf\uff0c\u8fd9\u4e3aGameFi\uff08\u6e38\u620f\u91d1\u878d\uff09\u9886\u57df\u5e26\u6765\u4e86\u65b0\u7684\u673a\u9047\u3002\u6e38\u620f\u73a9\u5bb6\u548c\u6295\u8d44\u8005\u90fd\u5728\u5bc6\u5207\u5173\u6ce8\u8fd9\u4e00\u52a8\u6001\uff0c\u671f\u5f85GameFi\u80fd\u591f\u5e26\u6765\u65b0\u7684\u4e92\u52a8\u4f53\u9a8c\u548c\u6295\u8d44\u673a\u4f1a\u3002<\/p>\n<p>&nbsp;<\/p>\n<h1><strong>\u4e8c.\u5e02\u573a\u70ed\u70b9\u8d5b\u9053\u53ca\u5f53\u5468\u6f5c\u529b\u9879\u76ee<\/strong><\/h1>\n<h2><strong>1.\u70ed\u70b9\u8d5b\u9053\u8868\u73b0<\/strong><\/h2>\n<h3><strong>1.1.&nbsp;\u7279\u6717\u666e\u767b\u57fa\uff01<\/strong><strong>\u7f8e\u56fd\u76d1\u7ba1\u5168\u9762\u8f6c\u5411\u300c\u52a0\u5bc6\u53cb\u597d\u5316\u300d\uff1f<\/strong><\/h3>\n<p>\u5728\u7f8e\u56fd\u603b\u7edf\u9009\u4e3e\u4e2d\uff0c\u5f53\u9009\u603b\u7edf\u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e\u83b7\u80dc\u7684\u6d88\u606f\u63a8\u52a8\u4e0b\uff0cBlackRock\u7684\u73b0\u8d27\u6bd4\u7279\u5e01\uff08BTC\uff09ETF\u572811\u67086\u65e5\u5f00\u5e02\u540e\u768420\u5206\u949f\u5185\u5c31\u5f55\u5f97\u4e86\u4ee4\u4eba\u77a9\u76ee\u768410\u4ebf\u7f8e\u5143\u4ea4\u6613\u91cf\u3002\u8fd9\u4e00\u6fc0\u589e\u53cd\u6620\u4e86\u6295\u8d44\u8005\u5bf9\u7279\u6717\u666e\u9886\u5bfc\u7684\u4eb2\u52a0\u5bc6\u653f\u7b56\u653f\u5e9c\u5145\u6ee1\u4fe1\u5fc3\u3002\u7279\u6717\u666e\u51fb\u8d25\u73b0\u4efb\u526f\u603b\u7edf\u5361\u9a6c\u62c9\u00b7\u54c8\u91cc\u65af\u540e\uff0c\u5e02\u573a\u5bf9\u52a0\u5bc6\u8d44\u4ea7\u7684\u5174\u8da3\u968f\u4e4b\u9ad8\u6da8\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731400933494794.png\"><\/p>\n<p>\u636e\u5f6d\u535a\u9ad8\u7ea7ETF\u5206\u6790\u5e08\u57c3\u91cc\u514b\u00b7\u5df4\u5c14\u695a\u7eb3\u65af\uff08Eric Balchunas\uff09\u62a5\u9053\uff0ciShares\u6bd4\u7279\u5e01\u4fe1\u6258\uff08IBIT\uff09\u7684\u4ea4\u6613\u91cf\u8fc5\u901f\u6500\u5347\uff0c\u63a8\u52a8\u73b0\u8d27\u6bd4\u7279\u5e01ETF\u6574\u4f53\u6709\u671b\u8fce\u6765\u521b\u7eaa\u5f55\u7684\u4e00\u5929\u3002<\/p>\n<p>\u5728\u7ecf\u5386\u6570\u6708\u7684\u6a2a\u76d8\u6574\u7406\u540e\uff0c\u6bd4\u7279\u5e01\u572811\u67086\u65e5\u65e9\u4e9b\u65f6\u5019\u7a81\u7834\u5386\u53f2\u65b0\u9ad8\uff0c\u8d85\u8fc775,000\u7f8e\u5143\uff0c\u53d7\u76ca\u4e8e\u5e02\u573a\u5bf9\u65b0\u653f\u5e9c\u652f\u6301\u653f\u7b56\u7684\u9884\u671f\u3002<\/p>\n<p>\u5728\u7ade\u9009\u671f\u95f4\uff0c\u7279\u6717\u666e\u4e00\u518d\u8868\u6001\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\uff0c\u63d0\u51fa\u5efa\u7acb\u56fd\u5bb6\u6bd4\u7279\u5e01\u50a8\u5907\u3001\u8d66\u514d\u201c\u4e1d\u7ef8\u4e4b\u8def\u201d\u521b\u59cb\u4eba\u7f57\u65af\u00b7\u4e4c\u5c14\u5e03\u91cc\u5e0c\u7279\uff08Ross Ulbricht\uff09\uff0c\u5e76\u8ba1\u5212\u8c03\u6574\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u7684\u9886\u5bfc\u5c42\u3002<\/p>\n<p>\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21\u8fbe300\u4ebf\u7f8e\u5143\u7684BlackRock\u7684IBIT\u73b0\u5df2\u6210\u4e3a\u6700\u5927\u7684\u73b0\u8d27\u6bd4\u7279\u5e01ETF\uff0c\u8d85\u8d8a\u4e86Fidelity\u548cGrayscale\u7684\u7c7b\u4f3c\u57fa\u91d1\u3002<\/p>\n<p>\u7279\u6717\u666e\u7684\u80dc\u5229\u5bf9\u52a0\u5bc6\u884c\u4e1a\u6807\u5fd7\u7740\u4e00\u6b21\u91cd\u5927\u8f6c\u53d8\uff0c\u8bb8\u591a\u4eba\u9884\u8ba1\u65b0\u7684\u76d1\u7ba1\u6539\u9769\u5c06\u4fc3\u8fdb\u52a0\u5bc6\u8d27\u5e01\u7684\u4e3b\u6d41\u63a5\u53d7\u5ea6\u5e76\u63a8\u52a8\u884c\u4e1a\u589e\u957f\u3002\u6bd4\u7279\u5e01\u4ef7\u683c\u7ee7\u7eed\u9ad8\u4e8e74,500\u7f8e\u5143\uff0c\u53cd\u6620\u51fa\u6295\u8d44\u8005\u7684\u4e50\u89c2\u60c5\u7eea\uff0c\u4ed6\u4eec\u671f\u5f85\u7279\u6717\u666e\u7684\u4eb2\u52a0\u5bc6\u8d27\u5e01\u653f\u7b56\u5c06\u5982\u4f55\u5851\u9020\u884c\u4e1a\u672a\u6765\u3002<\/p>\n<p><strong>\u603b\u7ed3<\/strong><\/p>\n<p>\u65b0\u653f\u5e9c\u9884\u8ba1\u5c06\u66f4\u652f\u6301\u52a0\u5bc6\u884c\u4e1a\uff0c\u7279\u522b\u662f\u7279\u6717\u666e\u5728\u7ade\u9009\u671f\u95f4\u591a\u6b21\u5bf9\u52a0\u5bc6\u884c\u4e1a\u8868\u793a\u53cb\u597d\u3002\u8fd9\u4e00\u8f6c\u53d8\u53ef\u80fd\u5305\u62ec SEC \u7684\u65b0\u9886\u5bfc\u5c42\u4e0a\u4efb\uff0c\u5e76\u53ef\u80fd\u7ed3\u675f\u7c7b\u4f3c\u201c\u627c\u5589\u884c\u52a82.0\u201d\u8fd9\u6837\u7684\u9650\u5236\u6027\u653f\u7b56\u3002\u5982\u679c\u8fd9\u4e9b\u53d8\u5316\u843d\u5730\uff0c\u8be5\u884c\u4e1a\u5c06\u8fce\u6765\u201c\u66f4\u5927\u7684\u673a\u6784\u6295\u8d44\u201d\u5e76\u88ab\u5e7f\u6cdb\u63a5\u53d7\u3002\u52a0\u5bc6\u884c\u4e1a\u73b0\u5728\u53ef\u4ee5\u4e13\u6ce8\u4e8e\u521b\u65b0\uff0c\u4e0d\u518d\u53d7\u5230\u76d1\u7ba1\u969c\u788d\u7684\u963b\u788d\uff0c\u8fd9\u53ef\u80fd\u4f1a\u52a0\u901f\u5176\u4e3b\u6d41\u5316\u8fdb\u7a0b\u3002<\/p>\n<p>\u76d1\u7ba1\u91cd\u7f6e\u5c06\u4e3a\u9879\u76ee\u63d0\u4f9b\u516c\u5e73\u7ade\u4e89\u7684\u73af\u5883\uff0c\u4f7f\u5176\u6210\u529f\u6216\u5931\u8d25\u53d6\u51b3\u4e8e\u81ea\u8eab\u7684\u4ef7\u503c\u3002\u5efa\u8bae\u6295\u8d44\u8005\u91c7\u53d6\u7eaa\u5f8b\u4e25\u660e\u7684\u7b56\u7565\uff0c\u4ee5\u533a\u5206\u6709\u6f5c\u529b\u7684\u9879\u76ee\u548c\u53ef\u80fd\u8868\u73b0\u4e0d\u4f73\u7684\u9879\u76ee\u3002\u5bf9\u4e8e\u5728\u4e0d\u786e\u5b9a\u6027\u4e2d\u6295\u8d44\u52a0\u5bc6\u8d27\u5e01\u7684\u65e9\u671f\u91c7\u7528\u8005\u6765\u8bf4\uff0c\u524d\u666f\u6bd4\u4ee5\u5f80\u66f4\u52a0\u5149\u660e\u3002<\/p>\n<h3><strong>1.2. DeFi 4.0\u8981\u6765\u4e86\uff0c\u65b0\u4e00\u4ee3DeFi\u7cfb\u7edf\u5230\u5e95\u9700\u8981\u4ec0\u4e48\u6539\u53d8\uff1f<\/strong><\/h3>\n<p><span>DeFi 4.0 \u901a\u5e38\u6307\u7684\u662f\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff08DeFi\uff09\u53d1\u5c55\u7684\u7b2c\u56db\u9636\u6bb5\uff0c\u4e0e\u524d\u4e09\u4ee3\u76f8\u6bd4\uff0c\u5b83\u6ce8\u91cd\u7684\u662f DeFi \u7684\u6548\u7387\u3001\u7075\u6d3b\u6027\u3001\u5b89\u5168\u6027\u548c\u7528\u6237\u4f53\u9a8c\u7684\u5168\u9762\u63d0\u5347\u3002\u8fd9\u4e00\u9636\u6bb5\u7684 DeFi \u4e3b\u8981\u96c6\u4e2d\u5728\u4ee5\u4e0b\u51e0\u4e2a\u5173\u952e\u65b9\u9762\uff1a<\/span><\/p>\n<p><span>1.&nbsp;<\/span><strong>\u667a\u80fd\u5316\u4e0e\u81ea\u52a8\u5316<\/strong><\/p>\n<p><span>DeFi 4.0 \u5f3a\u8c03\u5728\u534f\u8bae\u4e2d\u52a0\u5165\u66f4\u591a\u667a\u80fd\u5316\u548c\u81ea\u52a8\u5316\u7684\u5143\u7d20\u3002\u4f8b\u5982\uff0c\u5f15\u5165 AI \u9a71\u52a8\u7684\u7b56\u7565\uff0c\u4f7f\u5f97\u667a\u80fd\u5408\u7ea6\u80fd\u591f\u66f4\u597d\u5730\u9002\u5e94\u5e02\u573a\u53d8\u5316\u3001\u7528\u6237\u9700\u6c42\u548c\u98ce\u9669\u63a7\u5236\u3002\u901a\u8fc7\u81ea\u52a8\u5316\u5de5\u5177\uff0cDeFi 4.0 \u80fd\u591f\u66f4\u52a0\u9ad8\u6548\u5730\u7ba1\u7406\u6d41\u52a8\u6027\u548c\u81ea\u52a8\u8c03\u63a7\u8d44\u4ea7\u5206\u914d\uff0c\u4ece\u800c\u4e3a\u7528\u6237\u63d0\u4f9b\u66f4\u9ad8\u7684\u6536\u76ca\u548c\u66f4\u4f4e\u7684\u98ce\u9669\u3002<\/span><\/p>\n<p><span>2.&nbsp;<\/span><strong>\u591a\u94fe\u4e92\u64cd\u4f5c\u6027<\/strong><\/p>\n<p><span>DeFi 4.0 \u66f4\u52a0\u5f3a\u8c03\u8de8\u94fe\u4e92\u64cd\u4f5c\u6027\uff0c\u901a\u8fc7\u6865\u63a5\u6280\u672f\u3001\u8de8\u94fe\u534f\u8bae\uff08\u5982 Cosmos\u3001Polkadot\uff09\u7b49\u89e3\u51b3\u65b9\u6848\uff0c\u4f7f\u4e0d\u540c\u533a\u5757\u94fe\u7f51\u7edc\u7684\u8d44\u4ea7\u548c\u534f\u8bae\u80fd\u591f\u76f8\u4e92\u8fde\u63a5\uff0c\u7528\u6237\u53ef\u4ee5\u8f7b\u677e\u5730\u5728\u4e0d\u540c\u94fe\u4e0a\u8fdb\u884c\u64cd\u4f5c\uff0c\u4e0d\u518d\u5c40\u9650\u4e8e\u5355\u4e00\u94fe\u7684\u751f\u6001\u3002<\/span><\/p>\n<p><span>3.&nbsp;<\/span><strong>\u7528\u6237\u4f53\u9a8c\u7684\u63d0\u5347<\/strong><\/p>\n<p><span>\u65b0\u4e00\u4ee3\u7684 DeFi \u534f\u8bae\u66f4\u52a0\u6ce8\u91cd\u7528\u6237\u4f53\u9a8c\uff0c\u7b80\u5316\u4e86\u4ea4\u4e92\u6d41\u7a0b\u3002\u4f8b\u5982\uff0c\u901a\u8fc7\u5f15\u5165\u66f4\u76f4\u89c2\u7684\u754c\u9762\u3001\u4f4e\u95e8\u69db\u7684\u64cd\u4f5c\u6307\u5357\u3001\u4fbf\u6377\u7684\u624b\u673a\u7aef\u64cd\u4f5c\uff0c\u751a\u81f3\u53bb\u9664\u590d\u6742\u7684\u79c1\u94a5\u7ba1\u7406\uff0c\u4f7f\u5f97\u65b0\u7528\u6237\u66f4\u5bb9\u6613\u4e0a\u624b DeFi\u3002\u6b64\u5916\uff0c\u90e8\u5206 DeFi 4.0 \u534f\u8bae\u4e5f\u5728\u5c1d\u8bd5\u5f15\u5165\u65e0\u9700 gas \u8d39\u7684\u8bbe\u8ba1\uff0c\u4ee5\u964d\u4f4e\u4ea4\u6613\u6210\u672c\u3002<\/span><\/p>\n<p><span>4.&nbsp;<\/span><strong>\u9690\u79c1\u4fdd\u62a4\u548c\u5408\u89c4\u6027<\/strong><\/p>\n<p><span>DeFi 4.0 \u6ce8\u91cd\u7528\u6237\u9690\u79c1\u7684\u4fdd\u62a4\u548c\u5bf9\u76d1\u7ba1\u8981\u6c42\u7684\u9002\u5e94\u3002\u4f8b\u5982\uff0c\u534f\u8bae\u5f15\u5165\u96f6\u77e5\u8bc6\u8bc1\u660e\uff08ZKP\uff09\u3001MPC\uff08\u591a\u65b9\u8ba1\u7b97\uff09\u7b49\u9690\u79c1\u6280\u672f\uff0c\u4ee5\u4fdd\u62a4\u7528\u6237\u6570\u636e\uff0c\u540c\u65f6\u6ee1\u8db3\u90e8\u5206\u5730\u533a\u5bf9\u9690\u79c1\u4fdd\u62a4\u7684\u6cd5\u89c4\u8981\u6c42\u3002\u6b64\u5916\uff0cDeFi 4.0 \u53ef\u80fd\u4f1a\u5f15\u5165 KYC\uff08\u4e86\u89e3\u5ba2\u6237\uff09\u6d41\u7a0b\uff0c\u786e\u4fdd\u5408\u89c4\u4ea4\u6613\u800c\u4e0d\u4f1a\u5f71\u54cd\u7528\u6237\u9690\u79c1\u3002<\/span><\/p>\n<p><span>5.&nbsp;<\/span><strong>\u9ad8\u6548\u7684\u6d41\u52a8\u6027\u7ba1\u7406<\/strong><\/p>\n<p><span>\u4e0e\u4e4b\u524d\u7684 DeFi \u534f\u8bae\u76f8\u6bd4\uff0cDeFi 4.0 \u5bf9\u6d41\u52a8\u6027\u7ba1\u7406\u66f4\u52a0\u9ad8\u6548\uff0c\u80fd\u591f\u52a8\u6001\u8c03\u6574\u6d41\u52a8\u6027\uff0c\u4ee5\u5e94\u5bf9\u5e02\u573a\u6ce2\u52a8\u5e76\u63d0\u4f9b\u66f4\u9ad8\u7684\u8d44\u672c\u6548\u7387\u3002\u8fd9\u4e00\u65b9\u9762\u7684\u521b\u65b0\u5305\u62ec\u52a8\u6001 AMM\uff08\u81ea\u52a8\u5316\u505a\u5e02\u5546\uff09\u3001\u534f\u8bae\u6d41\u52a8\u6027\u548c\u4f18\u5316\u7684\u6536\u76ca\u805a\u5408\u5668\u3002<\/span><\/p>\n<p><span>6.&nbsp;<\/span><strong>\u793e\u533a\u6cbb\u7406\u548c\u53bb\u4e2d\u5fc3\u5316\u81ea\u6cbb\u7ec4\u7ec7\uff08DAO\uff09<\/strong><\/p>\n<p><span>DeFi 4.0 \u5f3a\u8c03\u793e\u533a\u548c\u53bb\u4e2d\u5fc3\u5316\u7684\u6cbb\u7406\u7ed3\u6784\uff0cDAO\uff08\u53bb\u4e2d\u5fc3\u5316\u81ea\u6cbb\u7ec4\u7ec7\uff09\u5728\u534f\u8bae\u6cbb\u7406\u4e2d\u5360\u636e\u66f4\u4e3a\u91cd\u8981\u7684\u5730\u4f4d\u3002\u793e\u533a\u6210\u5458\u53ef\u4ee5\u901a\u8fc7\u6cbb\u7406\u4ee3\u5e01\u6216\u5176\u4ed6\u6cbb\u7406\u673a\u5236\u53c2\u4e0e\u534f\u8bae\u7684\u51b3\u7b56\u8fc7\u7a0b\uff0c\u4f7f\u534f\u8bae\u7684\u6539\u8fdb\u548c\u53d1\u5c55\u66f4\u7b26\u5408\u7528\u6237\u5229\u76ca\u3002<\/span><\/p>\n<p><span>7.&nbsp;<\/span><strong>\u6301\u7eed\u521b\u65b0\u548c\u5b9e\u9a8c\u6027<\/strong><\/p>\n<p><span>DeFi 4.0 \u5f15\u5165\u4e86\u5927\u91cf\u5b9e\u9a8c\u6027\u529f\u80fd\uff0c\u6bd4\u5982\u81ea\u9002\u5e94\u7a33\u5b9a\u5e01\u3001\u65e0\u62b5\u62bc\u501f\u8d37\u3001\u590d\u6742\u884d\u751f\u54c1\u7b49\u3002\u5b83\u4e0d\u4ec5\u7740\u773c\u4e8e\u91d1\u878d\u5e02\u573a\u7684\u521b\u65b0\uff0c\u8fd8\u5c06\u8bd5\u56fe\u5728\u5176\u4ed6\u9886\u57df\uff08\u5982\u6e38\u620f\u3001\u793e\u4ea4\u3001\u5143\u5b87\u5b99\u7b49\uff09\u5b9e\u73b0 DeFi \u7684\u6269\u5c55\u548c\u6574\u5408\u3002<\/span><\/p>\n<p><strong>\u603b\u7ed3<\/strong><\/p>\n<p><span>\u603b\u4f53\u6765\u770b\uff0cDeFi 4.0 \u4ee3\u8868\u7740\u66f4\u667a\u80fd\u3001\u66f4\u52a0\u5f00\u653e\u7684 DeFi \u751f\u6001\u7cfb\u7edf\uff0c\u5b83\u4e0d\u4f46\u80fd\u591f\u63d0\u5347\u7528\u6237\u4f53\u9a8c\u548c\u5b89\u5168\u6027\uff0c\u4e5f\u80fd\u591f\u63a8\u52a8\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u5728\u5168\u7403\u8303\u56f4\u5185\u7684\u666e\u53ca\u548c\u5e94\u7528<\/span><\/p>\n<h3><strong>1.3. <\/strong><strong>\u5370\u5ea6\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240 WazirX \u5ba3\u5e03\u8ba1\u5212\u63a8\u51fa\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09<\/strong><\/h3>\n<p>\u5370\u5ea6\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240 WazirX \u5ba3\u5e03\u8ba1\u5212\u63a8\u51fa\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\uff0c\u4ee5\u5e94\u5bf9\u8fd1\u671f\u521b\u7eaa\u5f55\u7684\u52a0\u5bc6\u8d27\u5e01\u76d7\u7a83\u4e8b\u4ef6\u5e26\u6765\u7684\u5b89\u5168\u95ee\u9898\u3002\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e0d\u53d7\u4e2d\u592e\u63a7\u5236\uff0c\u5141\u8bb8\u7528\u6237\u76f4\u63a5\u4ece\u4ed6\u4eec\u7684\u94b1\u5305\u4e2d\u8fdb\u884c\u4ea4\u6613\uff0c\u4ece\u800c\u901a\u8fc7\u51cf\u5c11\u5bf9\u5355\u4e00\u5b9e\u4f53\u7684\u4f9d\u8d56\u6765\u63d0\u5347\u5b89\u5168\u6027\u3002WazirX \u91c7\u53d6\u8fd9\u4e00\u4e3e\u63aa\uff0c\u65e8\u5728\u63d0\u4f9b\u4e00\u4e2a\u66f4\u5b89\u5168\u3001\u66f4\u5177\u97e7\u6027\u7684\u4ea4\u6613\u5e73\u53f0\uff0c\u4ee5\u5e94\u5bf9\u52a0\u5bc6\u884c\u4e1a\u4e2d\u5bf9\u6539\u5584\u5b89\u5168\u63aa\u65bd\u7684\u65e5\u76ca\u547c\u58f0\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731400951439702.png\"><\/p>\n<p>\u8f6c\u5411 DEX \u7b26\u5408\u52a0\u5bc6\u884c\u4e1a\u5411\u53bb\u4e2d\u5fc3\u5316\u53d1\u5c55\u7684\u8d8b\u52bf\uff0c\u5c24\u5176\u662f\u5728\u6700\u8fd1\u4e00\u4e9b\u9ad8\u8c03\u9ed1\u5ba2\u4e8b\u4ef6\u66b4\u9732\u51fa\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u6f0f\u6d1e\u4e4b\u540e\u3002\u901a\u8fc7\u5b9e\u73b0\u70b9\u5bf9\u70b9\u4ea4\u6613\uff0cWazirX \u7684 DEX \u6709\u671b\u964d\u4f4e\u5927\u89c4\u6a21\u653b\u51fb\u7684\u98ce\u9669\uff0c\u5e76\u4e3a\u7528\u6237\u63d0\u4f9b\u66f4\u5927\u7684\u8d44\u91d1\u63a7\u5236\u6743\u3002\u6b64\u516c\u544a\u53cd\u6620\u4e86 WazirX \u5bf9\u5f53\u524d\u52a0\u5bc6\u9886\u57df\u5b89\u5168\u610f\u8bc6\u589e\u5f3a\u7684\u56de\u5e94\u3002<\/p>\n<p><strong>\u603b\u7ed3<\/strong><\/p>\n<p><span>\u8ffd\u56de\u88ab\u76d7\u8d44\u91d1\u7684\u52aa\u529b\u5145\u6ee1\u4e86\u6311\u6218\uff0cWazirX \u4e0e\u5176\u524d\u6258\u7ba1\u5408\u4f5c\u4f19\u4f34 Liminal \u5728\u8d23\u4efb\u95ee\u9898\u4e0a\u5c55\u5f00\u4e86\u516c\u5f00\u4e89\u8bba\u3002\u53cc\u65b9\u76f8\u4e92\u6307\u8d23\uff0cWazirX \u58f0\u79f0 Liminal \u672a\u80fd\u7ef4\u62a4\u5b89\u5168\u6807\u51c6\uff0c\u800c Liminal \u5219\u53cd\u9a73\u79f0\u4ea4\u6613\u6240\u7684\u7ba1\u7406\u4e0d\u5584\u5bfc\u81f4\u4e86\u5b89\u5168\u5931\u8bef\u3002\u8fd9\u4e00\u672a\u89e3\u51b3\u7684\u4e89\u8bae\u8ba9\u7528\u6237\u9677\u5165\u56f0\u5883\uff0c\u4e24\u5bb6\u516c\u53f8\u4ecd\u5728\u5e94\u5bf9\u4e8b\u4ef6\u7684\u540e\u679c\u3002\u63a8\u51fa DEX \u7684\u8ba1\u5212\u4ee3\u8868\u4e86 WazirX \u901a\u8fc7\u91c7\u7528\u53bb\u4e2d\u5fc3\u5316\u6765\u89e3\u51b3\u5b89\u5168\u98ce\u9669\u3001\u91cd\u5efa\u4fe1\u4efb\u7684\u5c1d\u8bd5\u3002<\/span><\/p>\n<p><span>\u8fd9\u4e00\u8f6c\u53d8\u53ef\u80fd\u9884\u793a\u7740\u66f4\u591a\u4ea4\u6613\u6240\u5c06\u4f18\u5148\u8003\u8651\u53bb\u4e2d\u5fc3\u5316\u6a21\u5f0f\uff0c\u5c24\u5176\u662f\u5728\u7528\u6237\u5bf9\u4e2d\u5fc3\u5316\u5e73\u53f0\u7684\u5b89\u5168\u6027\u65e5\u76ca\u8c28\u614e\u7684\u60c5\u51b5\u4e0b\u3002<\/span><\/p>\n<h3><strong>1.4. <\/strong><strong>\u201cWeb3\u7248\u5192\u9669\u5c9b\u201dMapleStory Universe\u4e8c\u6d4b\u5230\u6765\uff0cGameFi\u8363\u5149\u91cd\u73b0\uff1f<\/strong><\/h3>\n<p><span>MapleStory Universe\u662f<\/span>\u57fa\u4e8e\u300a\u5192\u9669\u5c9b\u300bIP\u7684\u4e30\u5bcc\u9057\u4ea7\uff0c\u300a\u5192\u9669\u5c9b\u5b87\u5b99\u300b\u5728 Web3 \u6e38\u620f\u9886\u57df\u4e2d\u5d2d\u9732\u5934\u89d2\uff0c\u5e26\u6765\u4e86\u4ee4\u4eba\u632f\u594b\u7684\u5192\u9669\u4f53\u9a8c\uff0c\u5e76\u4e0e Avalanche \u5efa\u7acb\u4e86\u6218\u7565\u5408\u4f5c\u5173\u7cfb\u3002\u6b64\u6b21\u5408\u4f5c\u5c06\u533a\u5757\u94fe\u6280\u672f\u63a8\u5411\u524d\u6cbf\uff0c\u7528\u521b\u65b0\u7684 NFT \u5143\u7d20\u6539\u9020\u7ecf\u5178\u7684 MMORPG \u6e38\u620f\u4f53\u9a8c\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731400961884426.png\"><\/p>\n<p>\u300a\u5192\u9669\u5c9b\u5b87\u5b99\u300b\u5f15\u5165\u4e86\u4e00\u79cd\u5168\u65b0\u6982\u5ff5\uff0c\u6240\u6709\u6e38\u620f\u5185\u7269\u54c1\u90fd\u4ee5 NFT \u7684\u5f62\u5f0f\u5448\u73b0\uff0c\u8d4b\u4e88\u73a9\u5bb6\u6570\u5b57\u6240\u6709\u6743\uff0c\u5e76\u53ef\u5728\u6e38\u620f\u751f\u6001\u7cfb\u7edf\u5185\u4ea4\u6613\u8fd9\u4e9b\u8d44\u4ea7\u3002NFT \u548c\u53bb\u4e2d\u5fc3\u5316\u5e94\u7528\uff08DApp\uff09\u7684\u6574\u5408\u4f7f\u6e38\u620f\u5185\u7269\u54c1\u7684\u7528\u9014\u548c\u4ef7\u503c\u7a81\u7834\u4e86\u4f20\u7edf\u754c\u9650\u3002\u4e0e\u9886\u5148\u7684\u533a\u5757\u94fe\u534f\u8bae Avalanche \u7684\u5408\u4f5c\uff0c\u4e3a\u8fd9\u4e00\u521b\u65b0\u7684\u6e38\u620f\u751f\u6001\u7cfb\u7edf\u63d0\u4f9b\u4e86\u5f3a\u5927\u4e14\u53ef\u6269\u5c55\u7684\u57fa\u7840\u8bbe\u65bd\u4fdd\u969c\u3002<\/p>\n<p>\u300a\u5192\u9669\u5c9b\u5b87\u5b99\u300b\u7ee7\u627f\u4e86\u524d\u4f5c\u7684\u7ecf\u5178\u9b45\u529b\uff0c\u5e76\u7ed3\u5408\u5148\u8fdb\u7684\u533a\u5757\u94fe\u6280\u672f\uff0c\u4e3a\u8001\u73a9\u5bb6\u548c\u65b0\u73a9\u5bb6\u63d0\u4f9b\u4e86\u4e00\u4e2a\u5145\u6ee1\u6d3b\u529b\u3001\u5b89\u5168\u4e14\u4e30\u5bcc\u7684\u6e38\u620f\u4f53\u9a8c\u3002\u8fd9\u4e00\u65b0\u9879\u76ee\u6807\u5fd7\u7740\u7f51\u7edc\u6e38\u620f\u6f14\u8fdb\u4e2d\u7684\u91cd\u8981\u91cc\u7a0b\u7891\uff0c\u6811\u7acb\u4e86\u73a9\u5bb6\u4e92\u52a8\u548c\u793e\u533a\u5efa\u8bbe\u7684\u65b0\u6807\u51c6\u3002<\/p>\n<p><strong>\u603b\u7ed3<\/strong><\/p>\n<p><span>\u300a\u5192\u9669\u5c9b\u5b87\u5b99\u300b\u901a\u8fc7\u591a\u4e2a\u521b\u65b0\u7ec4\u4ef6\u62d3\u5c55\u4e86\u5176\u8fb9\u754c\uff0c\u6bcf\u4e2a\u7ec4\u4ef6\u90fd\u65e8\u5728\u72ec\u7279\u5730\u63d0\u5347\u73a9\u5bb6\u4f53\u9a8c\u3002\u5176\u6838\u5fc3\u662f\u300a\u5192\u9669\u5c9b N\u300b\uff0c\u4e00\u4e2a\u7ed3\u5408\u4e86\u533a\u5757\u94fe\u6280\u672f\u7684\u539f\u7248\u6e38\u620f\u7248\u672c\uff0c\u901a\u8fc7\u73b0\u4ee3\u6280\u672f\u63d0\u5347\u4e86\u7ecf\u5178 MMORPG \u7684\u4f53\u9a8c\u3002\u5bf9\u4e8e\u79fb\u52a8\u73a9\u5bb6\uff0c\u300a\u5192\u9669\u5c9b N \u79fb\u52a8\u7248\u300b\u5c06\u300a\u5192\u9669\u5c9b\u300bNFT \u5e26\u5165\u79fb\u52a8\u8bbe\u5907\uff0c\u5b9e\u73b0\u4e86\u8de8\u5e73\u53f0\u7684\u65e0\u7f1d\u6e38\u620f\u4f53\u9a8c\u3002<\/span><\/p>\n<h2><strong>2. \u5f53\u5468\u6f5c\u529b\u9879\u76ee\u76d8\u70b9<\/strong><\/h2>\n<h3><strong>2.1. <\/strong><strong>a16z \u9886\u6295 1000 \u4e07\u7f8e\u5143\u7684Vlayer\u6709\u4f55\u7279\u8272\uff1f<\/strong><\/h3>\n<p><strong>\u7b80\u4ecb<\/strong><\/p>\n<p>vlayer\u81f4\u529b\u4e8e\u901a\u8fc7\u5f3a\u5927\u7684\u6570\u636e\u57fa\u7840\u8bbe\u65bd\u91ca\u653e web3 \u7684\u6f5c\u529b\u3002vlayer\u7b80\u5316\u4e86\u96f6\u77e5\u8bc6\u8bc1\u660e\uff0c\u4f7f\u9690\u79c1\u548c\u9a8c\u8bc1\u5de5\u5177\u5bf9\u5f00\u53d1\u8005\u66f4\u52a0\u6613\u7528\u3002\u901a\u8fc7\u5c06 web2 \u6570\u636e\u6574\u5408\u5230 web3 \u5e94\u7528\u4e2d\uff0cvlayer\u652f\u6301\u6784\u5efa\u4e00\u4e2a\u53bb\u4e2d\u5fc3\u5316\u3001\u5b89\u5168\u4e14\u9ad8\u6548\u7684\u4e92\u8054\u7f51\u3002<\/p>\n<p>vlayer \u7684\u6784\u5efa\u65e8\u5728\u89e3\u51b3\u4e24\u4e2a\u4e3b\u8981\u95ee\u9898\uff1a\u884c\u4e1a\u74f6\u9888\u548c\u5f00\u53d1\u8005\u4f53\u9a8c\u3002\u5c3d\u7ba1 web3 \u627f\u8bfa\u63d0\u4f9b\u4e00\u4e2a\u53bb\u4e2d\u5fc3\u5316\u3001\u4fdd\u62a4\u9690\u79c1\u7684\u4e16\u754c\uff0c\u4f46\u7531\u4e8e\u4e0e web2 \u6570\u636e\u7684\u6574\u5408\u4e0d\u4f73\uff0c\u5b83\u4ecd\u7136\u843d\u540e\u4e8e web2\u3002vlayer \u65e8\u5728\u89e3\u51b3\u8fd9\u4e00\u95ee\u9898\uff0c\u91ca\u653e web3 \u7684\u5168\u90e8\u6f5c\u529b\u3002\u6b64\u5916\uff0c\u8bb8\u591a\u4ea7\u54c1\u7f3a\u4e4f\u5b8c\u5584\u7684\u6587\u6863\uff0c\u4f7f\u7528\u8d77\u6765\u56f0\u96be\u3002vlayer \u662f\u7531\u5f00\u53d1\u8005\u4e3a\u5f00\u53d1\u8005\u6253\u9020\u7684\uff0c\u4e13\u6ce8\u4e8e\u6613\u7528\u6027\u3002<\/p>\n<p><strong>\u6280\u672f\u89e3\u6790<\/strong><\/p>\n<p>vlayer \u4e3a Solidity \u667a\u80fd\u5408\u7ea6\u5f15\u5165\u4e86\u5168\u65b0\u529f\u80fd\uff1a<\/p>\n<p><strong>\u65f6\u95f4\u65c5\u884c<\/strong>\uff1a\u5728\u5386\u53f2\u6570\u636e\u4e0a\u6267\u884c\u667a\u80fd\u5408\u7ea6\u3002<\/p>\n<p><strong>\u4f20\u9001<\/strong>\uff1a\u8de8\u4e0d\u540c\u533a\u5757\u94fe\u7f51\u7edc\u6267\u884c\u667a\u80fd\u5408\u7ea6\u3002<\/p>\n<p><strong>Web \u8bc1\u660e<\/strong>\uff1a\u8bbf\u95ee\u7ecf\u8fc7\u9a8c\u8bc1\u7684 Web \u5185\u5bb9\uff0c\u5305\u62ec API \u548c\u7f51\u7ad9\u3002<\/p>\n<p><strong>\u90ae\u4ef6\u8bc1\u660e<\/strong>\uff1a\u8bbf\u95ee\u7ecf\u8fc7\u9a8c\u8bc1\u7684\u90ae\u4ef6\u5185\u5bb9\u3002<\/p>\n<p>Prover \u4e0e Verifier<\/p>\n<p>\u4e3a\u4e86\u5b9e\u73b0\u8fd9\u4e9b\u529f\u80fd\uff0cvlayer \u5f15\u5165\u4e86\u4e24\u79cd\u65b0\u5408\u7ea6\u7c7b\u578b\uff1aProver \u548c Verifier\u3002<\/p>\n<p>\u25cf&nbsp;Prover \u4ee3\u7801\u8fd0\u884c\u5728 vlayer zkEVM \u57fa\u7840\u8bbe\u65bd\u4e0a\u3002\u6b64\u64cd\u4f5c\u751f\u6210\u7684\u7ed3\u6784\u5373\u4e3a\u8bc1\u660e\u6570\u636e\u3002<\/p>\n<p>\u25cf&nbsp;Verifier \u7528\u4e8e\u9a8c\u8bc1\u751f\u6210\u7684\u8bc1\u660e\u5e76\u5728 EVM \u517c\u5bb9\u94fe\u4e0a\u8fd0\u884c\u4ee3\u7801\u3002<\/p>\n<p>\u4e24\u79cd\u5408\u7ea6\u5747\u91c7\u7528 Solidity \u7f16\u7a0b\u8bed\u8a00\u5f00\u53d1\u3002<\/p>\n<p>vlayer \u5408\u7ea6\u6267\u884c\u6d41\u7a0b<\/p>\n<p>\u5178\u578b\u7684 vlayer \u6267\u884c\u6d41\u7a0b\u5305\u62ec\u4e09\u4e2a\u6b65\u9aa4\uff1a<\/p>\n<p>1.&nbsp;\u5e94\u7528\u7a0b\u5e8f\u53d1\u8d77\u5bf9 Prover \u5408\u7ea6\u7684\u8c03\u7528\uff0c\u6b64\u5408\u7ea6\u5728 zkEVM \u4e0a\u94fe\u4e0b\u6267\u884c\u3002\u9ed8\u8ba4\u60c5\u51b5\u4e0b\uff0c\u6b64\u8c03\u7528\u7684\u6240\u6709\u8f93\u5165\u90fd\u662f\u79c1\u6709\u7684\uff0c\u4e0d\u4f1a\u53d1\u5e03\u5230\u94fe\u4e0a\u3002<\/p>\n<p>2.&nbsp;\u8ba1\u7b97\u7ed3\u679c\u548c\u8bc1\u660e\u4e00\u8d77\u4f20\u9012\u81f3\u94fe\u4e0a\u5408\u7ea6\u8fdb\u884c\u6267\u884c\u3002Prover \u5408\u7ea6\u8fd4\u56de\u7684\u6240\u6709\u8f93\u51fa\u5747\u4e3a\u516c\u5f00\u6570\u636e\uff0c\u4f5c\u4e3a Verifier \u5408\u7ea6\u7684\u53c2\u6570\u53d1\u5e03\u5230\u94fe\u4e0a\u3002<\/p>\n<p>3.&nbsp;Verifier \u5408\u7ea6\u9a8c\u8bc1\u7531\u8bc1\u660e\u65b9\u53d1\u9001\u7684\u6570\u636e\uff08\u4f7f\u7528\u5ba2\u6237\u7aef\u63d0\u4ea4\u7684\u8bc1\u660e\uff09\uff0c\u7136\u540e\u6267\u884c Verifier \u4ee3\u7801\u3002<\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731400976478566.png\"><\/p>\n<p><strong>Prover \u5408\u7ea6<\/strong><\/p>\n<p>vlayer \u7684 Prover \u5408\u7ea6\u5177\u6709\u4ee5\u4e0b\u72ec\u7279\u5c5e\u6027\uff1a<\/p>\n<p>\u25cf&nbsp;\u53ef\u9a8c\u8bc1\u6027\uff1a\u53ef\u4ee5\u5728\u94fe\u4e0b\u6267\u884c\uff0c\u5176\u7ed3\u679c\u4e0d\u53ef\u4f2a\u9020\uff0c\u786e\u4fdd\u4e86\u8ba1\u7b97\u7684\u771f\u5b9e\u6027\u3002<\/p>\n<p>\u25cf&nbsp;\u9690\u79c1\u6027\uff1a\u8f93\u5165\u9ed8\u8ba4\u662f\u79c1\u6709\u7684\uff0c\u4e0d\u4f1a\u53d1\u5e03\u5230\u94fe\u4e0a\uff0c\u4fdd\u62a4\u7528\u6237\u6570\u636e\u9690\u79c1\u3002<\/p>\n<p>\u25cf&nbsp;\u65e0 Gas \u8d39\u7528\uff1a\u4e0d\u53d7\u5e38\u89c4\u4ea4\u6613\u5927\u5c0f\u9650\u5236\uff0c\u514d\u9664\u4f20\u7edf\u7684\u94fe\u4e0a\u64cd\u4f5c\u8d39\u7528\u3002<\/p>\n<p><strong>Verifier \u5408\u7ea6<\/strong><\/p>\n<p>Verifier \u667a\u80fd\u5408\u7ea6\u7528\u4e8e\u9a8c\u8bc1\u7531 Prover \u751f\u6210\u7684\u8ba1\u7b97\u7684\u6b63\u786e\u6027\uff0c\u800c\u65e0\u9700\u63ed\u793a\u5176\u5e95\u5c42\u4fe1\u606f\u3002\u8fd9\u7c7b\u5408\u7ea6\u53ef\u7528\u4e8e\u5b9e\u73b0\u66f4\u590d\u6742\u7684\u5de5\u4f5c\u6d41\u7a0b\uff0c\u5982\u4fdd\u62a4\u9690\u79c1\u7684\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff08DeFi\uff09\u5e94\u7528\u6216\u4fdd\u5bc6\u6295\u7968\u7cfb\u7edf\u3002<\/p>\n<p>\u4e00\u65e6\u90e8\u7f72\u5230\u533a\u5757\u94fe\u4e0a\uff0c\u9a8c\u8bc1\u903b\u8f91\u5373\u4e0d\u53ef\u66f4\u6539\uff0c\u786e\u4fdd\u4e86\u4e00\u81f4\u6027\u548c\u65e0\u9700\u8bb8\u53ef\u7684\u8bbf\u95ee\u6743\u9650\u3002<\/p>\n<p><strong>\u603b\u7ed3<\/strong><\/p>\n<p>Vlayer\u505a\u5230\u4e86\u89e3\u9501\u6240\u6709\u94fe\u4e0a\u548c\u94fe\u4e0b\u6570\u636e\uff0c\u5e76\u5c06\u5176\u96c6\u6210\u5230 Solidity \u667a\u80fd\u5408\u7ea6\u4e2d\u4f5c\u4e3a\u53ef\u9a8c\u8bc1\u7684\u58f0\u660e\u3002\u8fd9\u79cd\u521b\u65b0\u7684\u67b6\u6784\u548c\u6781\u7b80\u5316\u8bbe\u8ba1\uff0c\u63d0\u4f9b\u4e86\u65e0\u4e0e\u4f26\u6bd4\u7684\u5f00\u53d1\u8005\u4f53\u9a8c\u3002Prover \u5728\u94fe\u4e0b\u6267\u884c\uff0c\u5e76\u5f15\u5165\u4e86\u56db\u9879\u65b0\u529f\u80fd\uff1a\u65f6\u95f4\u65c5\u884c\u3001\u4f20\u9001\u3001Web \u8bc1\u660e \u548c \u90ae\u4ef6\u8bc1\u660e\u3002Verifier \u5728\u94fe\u4e0a\u6267\u884c\u3002\u5b83\u63a5\u6536 Prover \u8fd4\u56de\u7684\u5df2\u9a8c\u8bc1\u53c2\u6570\uff0c\u4ece\u800c\u89e6\u53d1\u94fe\u4e0a\u7684\u4efb\u610f\u51fd\u6570\u3002<span>\u901a\u8fc7\u96f6\u77e5\u8bc6\u8bc1\u660e\u4e3a\u4ee5\u592a\u574a\u5f00\u53d1\u8005\u63d0\u4f9b\u5728\u667a\u80fd\u5408\u7ea6\u5185\u9a8c\u8bc1\u548c\u96c6\u6210\u94fe\u4e0b\u6570\u636e\u7684\u529f\u80fd\u3002<\/span><\/p>\n<h3><strong>2.2. <\/strong><strong>BTC\u8d28\u62bc\u53d8\u9769\u5f15\u9886\u8005\uff1aSolv Protocol<\/strong><\/h3>\n<p><strong>\u7b80\u4ecb<\/strong><\/p>\n<p>Solv Protocol \u662f\u9886\u5148\u7684\u6bd4\u7279\u5e01\u8d28\u62bc\u5e73\u53f0\uff0c\u57fa\u4e8e\u5176\u521b\u65b0\u7684\u8d28\u62bc\u62bd\u8c61\u5c42 (Staking Abstraction Layer, SAL) \u63d0\u4f9b\u652f\u6301\u3002\u901a\u8fc7 SolvBTC\uff0c\u4e00\u4e2a\u4e3a\u6240\u6709\u4eba\u8bbe\u7acb\u7684\u6bd4\u7279\u5e01\u50a8\u5907\u6c60\uff0c\u91ca\u653e\u4e86\u8d85\u8d8a 1 \u4e07\u4ebf\u7f8e\u5143\u6bd4\u7279\u5e01\u8d44\u4ea7\u7684\u6f5c\u529b\u3002\u51ed\u501f SolvBTC.LSTs\uff08\u6d41\u52a8\u8d28\u62bc\u4ee3\u5e01\uff09\uff0c\u6bd4\u7279\u5e01\u6301\u6709\u8005\u65e0\u9700\u727a\u7272\u6d41\u52a8\u6027\uff0c\u5373\u53ef\u83b7\u5f97\u591a\u6837\u5316\u7684\u6536\u76ca\u673a\u4f1a\uff0c\u8f7b\u677e\u53c2\u4e0e DeFi \u751f\u6001\u7cfb\u7edf\u3002Solv \u4f5c\u4e3a BTCFi \u7684\u5168\u9762\u5165\u53e3\uff0c\u4e3a\u673a\u6784\u548c\u4f20\u7edf\u57fa\u91d1\u81ea\u4fe1\u8fdb\u5165\u52a0\u5bc6\u9886\u57df\u94fa\u5e73\u4e86\u9053\u8def\u3002<\/p>\n<p>Solv Protocol \u5f97\u5230\u4e86 Binance Labs\u3001Blockchain Capital\u3001Laser Digital \u7b49\u77e5\u540d\u6295\u8d44\u8005\u7684\u652f\u6301\uff0c\u5e76\u5df2\u901a\u8fc7 Quantstamp\u3001Certik\u3001SlowMist\u3001Salus \u548c Secbit \u7b49\u9876\u5c16\u516c\u53f8\u8fdb\u884c\u7684\u5168\u9762\u5b89\u5168\u5ba1\u8ba1\u3002<\/p>\n<p><strong>\u6280\u672f\u89e3\u6790<\/strong><\/p>\n<p><strong>\u4ec0\u4e48\u662fSAL\uff1f<\/strong><\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731400979878355.png\"><\/p>\n<p>\u8d28\u62bc\u62bd\u8c61\u5c42 (Staking Abstraction Layer, SAL) \u662f Solv Protocol \u7684\u6838\u5fc3\u57fa\u7840\u8bbe\u65bd\u3002\u5b83\u5c06\u8de8\u591a\u4e2a\u751f\u6001\u7cfb\u7edf\u8d28\u62bc\u6bd4\u7279\u5e01\u7684\u590d\u6742\u6027\u8fdb\u884c\u4e86\u62bd\u8c61\u5316\uff0c\u4e3a\u6bd4\u7279\u5e01\u6301\u6709\u8005\u63d0\u4f9b\u4e86\u4e00\u4e2a\u7edf\u4e00\u7684\u754c\u9762\u3002\u901a\u8fc7 SAL\uff0c\u7528\u6237\u53ef\u4ee5\u5728\u4e0d\u540c\u533a\u5757\u94fe\u4e0a\u8bbf\u95ee\u591a\u79cd\u6536\u76ca\u751f\u6210\u7b56\u7565\uff0c\u540c\u65f6\u6301\u6709\u6bd4\u7279\u5e01\u7684\u6d41\u52a8\u6027\u8d28\u62bc\u4ee3\u5e01\u2014\u2014SolvBTC\u3002<\/p>\n<p>\u901a\u8fc7\u4e0e\u5404\u79cd DeFi \u5e73\u53f0\u548c\u751f\u6001\u7cfb\u7edf\u7684\u96c6\u6210\uff0cSAL \u7b80\u5316\u4e86\u6bd4\u7279\u5e01\u6301\u6709\u8005\u591a\u6837\u5316\u6536\u76ca\u7b56\u7565\u7684\u6d41\u7a0b\uff0c\u786e\u4fdd\u7528\u6237\u4ecd\u7136\u4fdd\u6301\u5bf9 BTC \u7684\u655e\u53e3\u3002<\/p>\n<p><strong>\u751f\u6001\u89c6\u89d2<\/strong><\/p>\n<p>\u6bd4\u7279\u5e01 (BTC) \u8d28\u62bc\u4e0e\u4ee5\u592a\u574a\u8d28\u62bc\u4e4b\u95f4\u5b58\u5728\u6839\u672c\u5dee\u5f02\uff1a\u7531\u4e8e BTC \u7f51\u7edc\u672c\u8eab\u7f3a\u4e4f\u5b98\u65b9\u8d28\u62bc\u673a\u5236\uff0c\u8d28\u62bc\u8fc7\u7a0b\u4f9d\u8d56\u4e8e\u591a\u4e2a\u72ec\u7acb\u7684\u8d28\u62bc\u534f\u8bae\u3002\u8fd9\u5f62\u6210\u4e86\u4e00\u79cd\u53bb\u4e2d\u5fc3\u5316\u7684\u7ed3\u6784\uff0c\u5728\u8fd9\u79cd\u7ed3\u6784\u4e2d\uff0c\u4e0d\u540c\u9636\u6bb5\uff08\u4f8b\u5982 LST \u53d1\u884c\u3001\u8d28\u62bc\u4ea4\u6613\u751f\u6210\u548c\u6267\u884c\u3001\u6536\u76ca\u5206\u914d\uff09\u7531\u4e0d\u540c\u89d2\u8272\u5728\u4e0d\u540c\u7684\u7f51\u7edc\u73af\u5883\u4e2d\u5b8c\u6210\u3002\u7279\u522b\u662f\uff0c\u5728 BTC \u8d28\u62bc\u8fc7\u7a0b\u4e2d\u6709\u56db\u4e2a\u5173\u952e\u89d2\u8272\uff1aLST \u53d1\u884c\u65b9\u3001\u8d28\u62bc\u534f\u8bae\u3001\u8d28\u62bc\u5b88\u62a4\u8005\u548c\u6536\u76ca\u5206\u914d\u8005\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401006152303.png\"><\/p>\n<p>\u56e0\u6b64\uff0c\u4e00\u4e2a\u7edf\u4e00\u3001\u6807\u51c6\u5316\u7684\u7cfb\u7edf\u5bf9\u4e8e\u534f\u8c03\u8fd9\u4e9b\u89d2\u8272\u81f3\u5173\u91cd\u8981\uff0c\u4ee5\u786e\u4fdd\u4ece BTC \u8d44\u4ea7\u7684\u5b58\u5165\u5230 LST \u4ee3\u5e01\u4ef7\u503c\u7684\u6700\u7ec8\u6536\u76ca\u7d2f\u79ef\u6216\u6fc0\u52b1\u5206\u914d\u7684\u5168\u8fc7\u7a0b\u7684\u900f\u660e\u6027\u548c\u5b89\u5168\u6027\u3002\u8fd9\u79cd\u534f\u8c03\u5bf9\u4e8e\u4fdd\u62a4\u7528\u6237\u8d44\u4ea7\u3001\u786e\u4fdd\u6536\u76ca\u7684\u5e73\u7a33\u83b7\u53d6\u4ee5\u53ca\u89c4\u907f\u98ce\u9669\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<p><strong>\u8d28\u62bc\u534f\u8bae<\/strong><\/p>\n<p>\u7531\u4e8e BTC \u8d28\u62bc\u662f\u901a\u8fc7\u7b2c\u4e09\u65b9\u8d28\u62bc\u534f\u8bae\u5b9e\u73b0\u7684\uff0c\u56e0\u6b64\u8fd9\u4e9b\u534f\u8bae\u662f\u6bd4\u7279\u5e01\u8d28\u62bc\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u5173\u952e\u89d2\u8272\u4e4b\u4e00\u3002\u4e3b\u8981\u6709\u4e09\u79cd\u7c7b\u578b\u7684 BTC \u8d28\u62bc\u534f\u8bae\uff1a<\/p>\n<p>1.&nbsp;\u57fa\u4e8e BTC \u6784\u5efa\u7684 Layer 1 \u6216 Layer 2 \u94fe\uff0c\u4f7f\u7528\u6743\u76ca\u8bc1\u660e (PoS) \u4f5c\u4e3a\u5176\u5171\u8bc6\u673a\u5236\u3002\u8fd9\u7c7b\u534f\u8bae\u7c7b\u4f3c\u4e8e\u4ee5\u592a\u574a\u7684\u8d28\u62bc\u673a\u5236\u3002<\/p>\n<p>2.&nbsp;\u63a5\u53d7 BTC \u8d44\u4ea7\u4f5c\u4e3a\u8d28\u62bc\u5e76\u63d0\u4f9b\u5404\u79cd\u53bb\u4e2d\u5fc3\u5316\u670d\u52a1\u7684\u534f\u8bae\uff0c\u5982\u9884\u8a00\u673a\u6216\u8de8\u94fe\u6865\u3002\u8fd9\u7c7b\u534f\u8bae\u7c7b\u4f3c\u4e8e\u4ee5\u592a\u574a\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u518d\u8d28\u62bc\u534f\u8bae\uff0c\u5c5e\u4e8e\u66f4\u5e7f\u6cdb\u7684\u201c\u4e3b\u52a8\u9a8c\u8bc1\u670d\u52a1\u201d (Active Validation Services, AVS) \u6982\u5ff5\u7684\u4e00\u90e8\u5206\u3002<\/p>\n<p>3.&nbsp;\u901a\u7528\u8d28\u62bc\u534f\u8bae\uff0c\u5305\u62ec\u5404\u79cd\u63a5\u53d7 BTC \u8d44\u4ea7\u5e76\u901a\u8fc7\u8fd9\u4e9b\u8d44\u4ea7\u4ea7\u751f\u6536\u76ca\u7684 DeFi \u534f\u8bae\u3002\u8fd9\u7c7b\u534f\u8bae\u63d0\u4f9b\u7684\u8d28\u62bc\u673a\u4f1a\u4e0e\u4f7f\u7528\u4ee5\u592a\u574a\u8d44\u4ea7\u7684 DeFi \u534f\u8bae\u76f8\u4f3c\u3002<\/p>\n<p><strong>LST \u53d1\u884c\u8005<\/strong><\/p>\n<p>\u6d41\u52a8\u6027\u8d28\u62bc\u4ee3\u5e01 (LST) \u7684\u53d1\u884c\u662f BTC \u8d28\u62bc\u7684\u5165\u53e3\uff0c\u5b83\u4e3a\u7528\u6237\u63d0\u4f9b\u4e86\u8d28\u62bc BTC \u7684\u80fd\u529b\uff0c\u540c\u65f6\u901a\u8fc7 LST \u4fdd\u6301\u8d44\u4ea7\u7684\u6d41\u52a8\u6027\u3002\u56e0\u6b64\uff0cLST \u53d1\u884c\u8005\u5728 BTC \u8d28\u62bc\u7684\u6210\u529f\u4e2d\u626e\u6f14\u4e86\u5173\u952e\u89d2\u8272\uff0c\u5c31\u50cf\u4ee5\u592a\u574a\u4e0a\u7684 Lido \u4e00\u6837\u3002<\/p>\n<p>\u7136\u800c\uff0cBTC \u7684 LST \u53d1\u884c\u6bd4\u4ee5\u592a\u574a\u590d\u6742\u4e00\u4e9b\uff0c\u56e0\u4e3a\u5b83\u6d89\u53ca EVM\uff08\u4ee5\u592a\u574a\u865a\u62df\u673a\uff09\u94fe\u4e0e BTC \u4e3b\u7f51\u4e4b\u95f4\u7684\u4ea4\u4e92\u3002\u4f8b\u5982\uff0cLST \u901a\u5e38\u5728 EVM \u94fe\u4e0a\u53d1\u884c\uff0c\u800c\u5927\u90e8\u5206\u5b9e\u9645\u7684\u8d28\u62bc\u4ea4\u6613\u5219\u53d1\u751f\u5728 BTC \u7f51\u7edc\u4e0a\u3002\u56e0\u6b64\uff0c\u9700\u8981\u4e00\u79cd\u900f\u660e\u4e14\u5b89\u5168\u7684\u673a\u5236\u6765\u83b7\u5f97\u7528\u6237\u7684\u4fe1\u4efb\uff0c\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\u8d28\u62bc\u9a8c\u8bc1\u8005\u89d2\u8272\u88ab\u5f15\u5165\u5230\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u539f\u56e0\u3002<\/p>\n<p><strong>\u8d28\u62bc\u5b88\u62a4\u8005<\/strong><\/p>\n<p>\u8d28\u62bc\u5b88\u62a4\u8005\u662f\u7531\u8d28\u62bc\u62bd\u8c61\u5c42 (SAL) \u5f15\u5165\u5230\u6bd4\u7279\u5e01\u8d28\u62bc\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u65b0\u89d2\u8272\uff0c\u4f5c\u4e3a\u6838\u5fc3\u7ec4\u6210\u90e8\u5206\uff0c\u786e\u4fdd\u8d28\u62bc\u8fc7\u7a0b\u7684\u900f\u660e\u6027\u3001\u5b8c\u6574\u6027\u548c\u5b89\u5168\u6027\u3002\u8d28\u62bc\u9a8c\u8bc1\u8005\u5728\u8d28\u62bc\u6d41\u7a0b\u4e2d\u627f\u62c5\u591a\u9879\u804c\u8d23\uff0c\u5305\u62ec\u8d44\u4ea7\u6258\u7ba1\u3001\u4ea4\u6613\u9a8c\u8bc1\u548c\u4ea4\u6613\u5171\u540c\u7b7e\u540d\u3002<\/p>\n<p>\u901a\u8fc7\u5c06\u8d28\u62bc\u4ea4\u6613\u7684\u6784\u5efa\u4e0e\u5176\u9a8c\u8bc1\u548c\u7b7e\u540d\u5206\u79bb\uff0c\u8d28\u62bc\u5b88\u62a4\u8005\u786e\u4fdd\u7531 LST \u53d1\u884c\u8005\u7b49\u89d2\u8272\u53d1\u8d77\u7684\u8d28\u62bc\u4ea4\u6613\u51c6\u786e\u65e0\u8bef\uff0c\u4ece\u800c\u4fdd\u8bc1\u7528\u6237\u7684\u8d44\u4ea7\u6839\u636e\u5176\u610f\u56fe\u88ab\u6b63\u786e\u8d28\u62bc\u3002\u5f53\u7528\u6237\u53d6\u6d88\u8d28\u62bc\u5e76\u8d4e\u56de\u8d44\u4ea7\u65f6\uff0c\u8d28\u62bc\u5b88\u62a4\u8005\u8fd8\u4f1a\u9a8c\u8bc1\u4ea4\u6613\uff0c\u4ee5\u786e\u4fdd\u8d44\u4ea7\u51c6\u786e\u8fd4\u56de\u81f3\u6307\u5b9a\u5730\u5740\uff0c\u9632\u6b62\u4efb\u4f55\u8d44\u4ea7\u635f\u5931\u3002<\/p>\n<p><strong>\u6536\u76ca\u5206\u914d\u8005<\/strong><\/p>\n<p>BTC \u8d28\u62bc\u7684\u591a\u94fe\u7279\u6027\u663e\u8457\u589e\u52a0\u4e86\u6536\u76ca\u5206\u914d\u7684\u590d\u6742\u6027\u3002\u7528\u6237\u7684\u6f5c\u5728\u56de\u62a5\u4e0d\u4ec5\u5305\u62ec\u6765\u81ea\u8d28\u62bc\u534f\u8bae\u7684\u5956\u52b1\uff0c\u8fd8\u5305\u62ec LST \u53d1\u884c\u8005\u63d0\u4f9b\u7684\u989d\u5916\u6fc0\u52b1\u3002\u8fd9\u4e9b\u5956\u52b1\u53ef\u80fd\u6765\u81ea BTC \u4e3b\u7f51\u3001EVM \u7f51\u7edc\u7684\u4ee3\u5e01\uff0c\u751a\u81f3\u53ef\u80fd\u6765\u81ea Cosmos \u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u4ee3\u5e01\uff08\u4f8b\u5982 Babylon\uff09\u3002\u6b64\u5916\uff0c\u6536\u76ca\u5206\u914d\u7684\u65f6\u95f4\u548c\u65b9\u5f0f\u4e5f\u6709\u6240\u4e0d\u540c\uff1a\u6709\u4e9b\u56de\u62a5\u4f53\u73b0\u5728 LST \u4ef7\u683c\u4e0a\uff0c\u6709\u4e9b\u9700\u8981\u989d\u5916\u7684\u9886\u53d6\u6d41\u7a0b\uff0c\u8fd8\u6709\u4e00\u4e9b\u4ee5\u79ef\u5206\u7684\u5f62\u5f0f\u53d1\u653e\uff0c\u4ec5\u5728\u4e00\u5b9a\u65f6\u671f\u540e\u53ef\u5151\u6362\u3002<\/p>\n<p>\u901a\u5e38\uff0cLST \u53d1\u884c\u8005\u662f\u7528\u6237\u7684\u4e3b\u8981\u6536\u76ca\u5206\u914d\u8005\u3002\u7136\u800c\uff0c\u968f\u7740\u590d\u6742\u6027\u7684\u589e\u52a0\uff0c\u6536\u76ca\u5206\u914d\u8005\u7684\u89d2\u8272\u4e5f\u9010\u6e10\u591a\u6837\u5316\uff0c\u8bb8\u591a\u7b2c\u4e09\u65b9\u673a\u6784\u53ef\u4ee5\u53c2\u4e0e\u6b64\u8fc7\u7a0b\u3002\u8fd9\u5305\u62ec\u8d1f\u8d23\u5c06\u5956\u52b1\u8f6c\u6362\u4e3a BTC\u3001\u5c06\u79ef\u5206\u8f6c\u6362\u4e3a\u4ee3\u5e01\u5e76\u4fc3\u8fdb\u5176\u9886\u53d6\u7684\u5b9e\u4f53\uff0c\u751a\u81f3\u8fd8\u5305\u62ec\u6536\u76ca\u884d\u751f\u54c1\u5e02\u573a\u7684\u63d0\u4f9b\u8005\u3002\u8fd9\u4e9b\u4e0d\u540c\u7684\u5b9e\u4f53\u5171\u540c\u6784\u6210\u4e86\u6536\u76ca\u5206\u914d\u8005\u7684\u5e7f\u6cdb\u89d2\u8272\u3002<\/p>\n<p><strong>\u6280\u672f\u67b6\u6784<\/strong><\/p>\n<p>\u8d28\u62bc\u62bd\u8c61\u5c42\uff08SAL\uff09\u662f\u4e00\u4e2a\u6a21\u5757\u5316\u67b6\u6784\uff0c\u901a\u8fc7\u4e0e\u8d28\u62bc\u53c2\u6570\u77e9\u9635\uff08SPM\uff09\u4ea4\u4e92\u7684\u5173\u952e\u7ec4\u4ef6\u6765\u5b9e\u73b0\u5b89\u5168\u4e14\u9ad8\u6548\u7684 BTC \u8d28\u62bc\u3002SAL \u7684\u6838\u5fc3\u6a21\u5757\u5305\u62ec LST \u751f\u6210\u670d\u52a1\u3001\u8d28\u62bc\u9a8c\u8bc1\u670d\u52a1\u3001\u4ea4\u6613\u751f\u6210\u670d\u52a1\u548c\u6536\u76ca\u5206\u914d\u670d\u52a1\uff0c\u6240\u6709\u8fd9\u4e9b\u90fd\u4f9d\u8d56\u4e8e SPM \u6765\u5b9a\u4e49\u4ea4\u6613\u89c4\u5219\u3001\u9a8c\u8bc1\u6807\u51c6\u548c\u6536\u76ca\u8ba1\u7b97\u65b9\u5f0f\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401029201379.png\"><\/p>\n<p>\u8fd9\u4e9b\u7ec4\u4ef6\u5171\u540c\u6784\u6210\u4e86\u4e00\u4e2a\u7a33\u5065\u7684\u6846\u67b6\uff0c\u786e\u4fdd\u4e86 BTC \u8d28\u62bc\u548c LST \u53d1\u884c\u8fc7\u7a0b\u4e2d\u7684\u5b89\u5168\u6027\u3001\u900f\u660e\u6027\u548c\u9ad8\u6548\u6027\uff0c\u4f7f\u7528\u6237\u80fd\u591f\u5728\u6700\u5927\u5316\u8d28\u62bc\u6536\u76ca\u7684\u540c\u65f6\uff0c\u51cf\u5c11\u4e0e\u8d28\u62bc\u8fc7\u7a0b\u548c\u8de8\u94fe\u4ea4\u4e92\u76f8\u5173\u7684\u98ce\u9669\u3002<\/p>\n<p><strong>\u901a\u8fc7 SAL \u83b7\u5f97\u7684\u591a\u6837\u5316\u6536\u76ca\u6e20\u9053<\/strong><\/p>\n<p>\u8d28\u62bc\u62bd\u8c61\u5c42\uff08SAL\uff09\u4f7f\u6bd4\u7279\u5e01\u6301\u6709\u8005\u5728\u4e0d\u727a\u7272\u6d41\u52a8\u6027\u7684\u524d\u63d0\u4e0b\u83b7\u5f97\u591a\u6837\u5316\u548c\u52a8\u6001\u7684\u6536\u76ca\u3002\u901a\u8fc7 SAL \u7684\u8de8\u94fe\u529f\u80fd\uff0c\u7528\u6237\u53ef\u4ee5\u89e3\u9501\u591a\u79cd\u6536\u76ca\u751f\u6210\u673a\u4f1a\uff0c\u5c06\u6bd4\u7279\u5e01\u4ece\u88ab\u52a8\u7684\u4ef7\u503c\u50a8\u5b58\u8d44\u4ea7\u8f6c\u53d8\u4e3a DeFi \u4e2d\u7684\u751f\u4ea7\u6027\u8d44\u4ea7\u3002\u4ee5\u4e0b\u662f SAL \u63d0\u4f9b\u7684\u4e3b\u8981\u6536\u76ca\u6765\u6e90\u7684\u8be6\u7ec6\u5206\u6790\uff1a<\/p>\n<p><strong>1.&nbsp;\u518d\u8d28\u62bc\u6536\u76ca<\/strong><\/p>\n<p>\u6bd4\u7279\u5e01\u6301\u6709\u8005\u53ef\u4ee5\u901a\u8fc7\u5728\u4f9d\u8d56\u6bd4\u7279\u5e01\u7ecf\u6d4e\u5b89\u5168\u7684\u534f\u8bae\u4e0a\u8d28\u62bc\u6bd4\u7279\u5e01\u6765\u8d5a\u53d6\u539f\u751f\u4ee3\u5e01\u5956\u52b1\uff0c\u5982\uff1a<\/p>\n<p>\u25cf&nbsp;Babylon<\/p>\n<p>\u25cf&nbsp;EigenLayer<\/p>\n<p>\u25cf&nbsp;Symbiotic<\/p>\n<p>\u8fd9\u4e9b\u7f51\u7edc\u5229\u7528\u6bd4\u7279\u5e01\u7684\u5b89\u5168\u6027\u4e3a\u7528\u6237\u63d0\u4f9b\u5956\u52b1\uff0c\u4f7f\u5176\u80fd\u591f\u4ece\u6bd4\u7279\u5e01\u7684\u7ecf\u6d4e\u5b89\u5168\u4e2d\u83b7\u5f97\u6536\u76ca\u3002<\/p>\n<p><strong>2.&nbsp;\u9a8c\u8bc1\u8005\u5956\u52b1<\/strong><\/p>\n<p>\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u8fd0\u884c\u9a8c\u8bc1\u8005\u8282\u70b9\u6216\u59d4\u6258\u6bd4\u7279\u5e01\u6765\u53c2\u4e0e\u6bd4\u7279\u5e01 Layer 2 \u7f51\u7edc\u7684\u5b89\u5168\u6027\u7ef4\u62a4\uff0c\u9a8c\u8bc1\u8005\u5956\u52b1\u662f\u8fd9\u4e9b\u5e73\u53f0\u7684\u4e3b\u8981\u6536\u76ca\u6765\u6e90\uff0c\u5305\u62ec\uff1a<\/p>\n<p>\u25cf&nbsp;CoreDAO<\/p>\n<p>\u25cf&nbsp;Stacks<\/p>\n<p>\u25cf&nbsp;Botanix<\/p>\n<p>\u901a\u8fc7\u53c2\u4e0e\u8fd9\u4e9b\u7f51\u7edc\u7684\u8d28\u62bc\uff0c\u6bd4\u7279\u5e01\u6301\u6709\u8005\u53ef\u4ee5\u8d5a\u53d6\u539f\u751f\u4ee3\u5e01\u5956\u52b1\uff0c\u540c\u65f6\u79ef\u6781\u652f\u6301\u53bb\u4e2d\u5fc3\u5316\u751f\u6001\u7cfb\u7edf\u7684\u5b89\u5168\u3002<\/p>\n<p><strong>3.&nbsp;\u4ea4\u6613\u7b56\u7565<\/strong><\/p>\n<p>SAL \u5141\u8bb8\u6bd4\u7279\u5e01\u6301\u6709\u8005\u5728 DeFi \u5e73\u53f0\u4e0a\u4f7f\u7528\u5e02\u573a\u4e2d\u6027\u4ea4\u6613\u7b56\u7565\uff0c\u4ece\u800c\u51cf\u8f7b\u5e02\u573a\u6ce2\u52a8\u6027\u5e26\u6765\u7684\u98ce\u9669\u3002\u751f\u6210\u6536\u76ca\u7684\u7b56\u7565\u5305\u62ec\uff1a<\/p>\n<p>\u25cf&nbsp;GMX\uff1a\u5728\u53bb\u4e2d\u5fc3\u5316\u7684\u6c38\u7eed\u4ea4\u6613\u6240\u4e2d\u63d0\u4f9b\u6d41\u52a8\u6027\uff0c\u7528\u6237\u901a\u8fc7\u6d41\u52a8\u6027\u63d0\u4f9b\u8d5a\u53d6\u6bd4\u7279\u5e01\u6536\u76ca\u3002<\/p>\n<p>\u25cf&nbsp;Ethena\uff1a\u5b9e\u65bd\u57fa\u5dee\u4ea4\u6613\u7b56\u7565\uff0c\u901a\u8fc7\u5e02\u573a\u4e2d\u6027\u65b9\u5f0f\u4f7f\u7528\u6bd4\u7279\u5e01\u6765\u83b7\u5f97\u7a33\u5b9a\u56de\u62a5\uff0c\u89c4\u907f\u5e02\u573a\u6ce2\u52a8\u7684\u76f4\u63a5\u98ce\u9669\u3002<\/p>\n<p>\u25cf&nbsp;Jupiter\uff1a\u63d0\u4f9b\u6d41\u52a8\u6027\u548c\u6536\u76ca\u519c\u4e1a\u673a\u4f1a\uff0c\u4ee5\u6700\u5c0f\u5316\u5e02\u573a\u6ce2\u52a8\u7684\u98ce\u9669\u66b4\u9732\u3002<\/p>\n<p>\u8fd9\u4e9b\u5e02\u573a\u4e2d\u6027\u7b56\u7565\u901a\u8fc7\u521b\u65b0\u7684\u4ea4\u6613\u65b9\u6cd5\u63d0\u4f9b\u7a33\u5b9a\u7684\u6bd4\u7279\u5e01\u6536\u76ca\uff0c\u4f7f\u6bd4\u7279\u5e01\u6210\u4e3a DeFi \u4e2d\u7684\u6d3b\u8dc3\u8d44\u4ea7\u3002<\/p>\n<p><strong>\u603b\u7ed3<\/strong><\/p>\n<p><span>SAL \u7684\u5f15\u5165\u4f7f\u5f97\u7528\u6237\u65e0\u9700\u7406\u89e3\u6bcf\u4e2a\u5e95\u5c42\u534f\u8bae\u7684\u6280\u672f\u7ec6\u8282\uff0c\u4fbf\u80fd\u591f\u53c2\u4e0e\u6bd4\u7279\u5e01\u8d28\u62bc\u5e76\u83b7\u5f97\u6536\u76ca\u3002\u8fd9\u79cd\u6807\u51c6\u5316\u7684\u8d28\u62bc\u6846\u67b6\uff0c\u5728\u63d0\u5347\u8d28\u62bc\u7684\u4fbf\u5229\u6027\u7684\u540c\u65f6\uff0c\u8fd8\u901a\u8fc7\u8de8\u94fe\u534f\u4f5c\u5b9e\u73b0\u6d41\u52a8\u6027\u6574\u5408\uff0c\u63a8\u52a8\u6bd4\u7279\u5e01\u5728 DeFi \u4e2d\u7684\u5e7f\u6cdb\u5e94\u7528\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0cSAL \u901a\u8fc7\u6574\u5408\u8d28\u62bc\u751f\u6001\u4e2d\u7684\u56db\u4e2a\u5173\u952e\u89d2\u8272 \u2014\u2014LST \u53d1\u884c\u65b9\u3001\u8d28\u62bc\u534f\u8bae\u3001\u8d28\u62bc\u9a8c\u8bc1\u8005\u548c\u6536\u76ca\u5206\u914d\u8005 \u2014\u2014 \u5f62\u6210\u4e86\u4e00\u4e2a\u9ad8\u6548\u534f\u4f5c\u7684\u4f53\u7cfb\u3002<\/span><\/p>\n<p><span>\u4ece\u66f4\u5e7f\u6cdb\u7684\u91d1\u878d\u89c6\u89d2\u6765\u770b\uff0cSAL \u4e0d\u4f46\u89e3\u51b3\u4e86\u8d28\u62bc\u7684\u6280\u672f\u95ee\u9898\uff0c\u66f4\u5e26\u6765\u4e86\u8d28\u62bc\u8d44\u4ea7\u7684\u6d41\u52a8\u6027\u91cd\u6784\u3002\u5f53\u524d\uff0c\u6bd4\u7279\u5e01\u7f51\u7edc\u4e0a\u5927\u91cf\u7684\u8d44\u4ea7\u5904\u4e8e\u300c\u4f11\u7720\u300d\u72b6\u6001\uff0c\u5c3d\u7ba1\u5176\u5e02\u503c\u5df2\u8fbe\u6570\u4e07\u4ebf\u7f8e\u5143\uff0c\u4f46\u5b9e\u9645\u7528\u4e8e\u8d28\u62bc\u548c\u91d1\u878d\u6d3b\u52a8\u7684\u6bd4\u91cd\u76f8\u5bf9\u8f83\u4f4e\u3002SAL \u7684\u63a8\u51fa\u901a\u8fc7\u63d0\u5347\u8d28\u62bc\u7684\u6807\u51c6\u5316\u548c\u900f\u660e\u6027\uff0c\u4fc3\u4f7f\u6bd4\u7279\u5e01\u8d44\u4ea7\u53ef\u4ee5\u88ab\u66f4\u5e7f\u6cdb\u5730\u5e94\u7528\u4e8e\u91d1\u878d\u6d3b\u52a8\u4e2d\u3002<\/span><\/p>\n<h1>\u4e09. \u884c\u4e1a\u6570\u636e\u89e3\u6790<\/h1>\n<h3><strong>1. \u5e02\u573a\u6574\u4f53\u8868\u73b0<\/strong><\/h3>\n<h4><strong>1.1 \u73b0\u8d27BTC ETF<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401040688736.png\"><\/p>\n<p><strong>\u89e3\u6790<\/strong><\/p>\n<p>\u6bd4\u7279\u5e01\u73b0\u8d27 ETF 11 \u6708 04 \u65e5\u81f3 11 \u6708 08 \u65e5\u5355\u5468\u51c0\u6d41\u5165 16.3 \u4ebf\u7f8e\u5143\u3002\u5176\u4e2d\u7070\u5ea6\uff08Grayscale\uff09ETF GBTC \u5468\u51c0\u6d41\u51fa 2545 \u4e07\u7f8e\u5143\uff0c\u76ee\u524d GBTC \u5386\u53f2\u51c0\u6d41\u51fa\u4e3a 201.9 \u4ebf\u7f8e\u5143\u3002\u4e0a\u5468\u5355\u5468\u51c0\u6d41\u5165\u6700\u591a\u7684\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u4e3a\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09ETF IBIT\uff0c\u5468\u5ea6\u51c0\u6d41\u5165\u4e3a 12.5 \u4ebf\u7f8e\u5143\uff0c\u76ee\u524d IBIT \u5386\u53f2\u603b\u51c0\u6d41\u5165\u8fbe 273.9 \u4ebf\u7f8e\u5143\u3002\u5176\u6b21\u4e3a\u5bcc\u8fbe\uff08Fidelity\uff09 Bitcoin ETF FBTC\uff0c\u5468\u5ea6\u51c0\u6d41\u5165\u4e3a 2.95 \u4ebf\u7f8e\u5143\uff0c\u76ee\u524d FBTC \u5386\u53f2\u603b\u51c0\u6d41\u5165\u8fbe 107.6 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u57282024\u5e74\u7279\u6717\u666e\u80dc\u9009\u540e\uff0c\u6bd4\u7279\u5e01ETF\u548c\u6574\u4e2a\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u524d\u666f\u5927\u5e45\u6539\u5584\u3002\u8fd9\u4e00\u53d8\u5316\u4e3b\u8981\u6e90\u4e8e\u7279\u6717\u666e\u7684\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u653f\u7b56\u627f\u8bfa\uff0c\u5305\u62ec\u53ef\u80fd\u66f4\u6362\u5f53\u524d\u7684\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u4e3b\u5e2d\u52a0\u91cc\u00b7\u6839\u65af\u52d2\uff0c\u540e\u8005\u4ee5\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u4e25\u683c\u76d1\u7ba1\u7acb\u573a\u8457\u79f0\u3002\u5982\u679c\u7279\u6717\u666e\u4efb\u547d\u4e00\u4f4d\u66f4\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u7684SEC\u4e3b\u5e2d\uff0c\u6bd4\u7279\u5e01ETF\u7684\u5ba1\u6279\u901f\u5ea6\u53ef\u80fd\u52a0\u5feb\uff0c\u8fd9\u5c06\u5438\u5f15\u66f4\u591a\u7684\u673a\u6784\u548c\u6563\u6237\u6295\u8d44\u8005\u53c2\u4e0e\u5176\u4e2d\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401049251608.png\"><\/p>\n<p><strong>\u89e3\u6790<\/strong><\/p>\n<p>&nbsp;<span>\u4ee5\u592a\u574a\u73b0\u8d27 ETF 11 \u6708 04 \u65e5\u81f3 11 \u6708 08 \u65e5\u5355\u5468\u51c0\u6d41\u5165 1.54 \u4ebf\u7f8e\u5143\u3002\u5176\u4e2d\u7070\u5ea6\uff08Grayscale\uff09\u4ee5\u592a\u574a\u4fe1\u6258 ETF ETHE \u5468\u51c0\u6d41\u51fa 1080 \u4e07\u7f8e\u5143\uff0c\u76ee\u524d ETHE \u5386\u53f2\u51c0\u6d41\u51fa\u4e3a 31.4 \u4ebf\u7f8e\u5143\u3002\u4e0a\u5468\u5355\u5468\u51c0\u6d41\u5165\u6700\u591a\u7684\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u4e3a\u8d1d\u83b1\u5fb7\uff08Blackrock\uff09\u4ee5\u592a\u574a ETF ETHA\uff0c\u5468\u5ea6\u51c0\u6d41\u5165\u4e3a 9444 \u4e07\u7f8e\u5143\uff0c\u76ee\u524d ETHA \u5386\u53f2\u603b\u51c0\u6d41\u5165\u8fbe 14.4 \u4ebf\u7f8e\u5143\u3002\u5176\u6b21\u4e3a\u5bcc\u8fbe\uff08Fidelity\uff09 \u4ee5\u592a\u574a ETF FETH\uff0c\u5468\u5ea6\u51c0\u6d41\u5165\u4e3a 4272 \u4e07\u7f8e\u5143\uff0c\u76ee\u524d FETH \u5386\u53f2\u603b\u51c0\u6d41\u5165\u8fbe 5.57 \u4ebf\u7f8e\u5143\u3002<\/span><\/p>\n<p><span>\u7279\u6717\u666e\u80dc\u9009\u540e\uff0c\u4ee5\u592a\u574aETF\u524d\u666f\u88ab\u5e7f\u6cdb\u770b\u597d\uff0c\u4e3b\u8981\u539f\u56e0\u662f\u5e02\u573a\u9884\u671f\u4ed6\u7684\u653f\u7b56\u5c06\u4e3a\u52a0\u5bc6\u884c\u4e1a\u5e26\u6765\u66f4\u53cb\u597d\u7684\u76d1\u7ba1\u73af\u5883\u3002\u7279\u6717\u666e\u5728\u7ade\u9009\u4e2d\u627f\u8bfa\u652f\u6301\u533a\u5757\u94fe\u521b\u65b0\uff0c\u53ef\u80fd\u4f1a\u63a8\u52a8\u76d1\u7ba1\u653e\u677e\uff0c\u6bd4\u5982\u66f4\u6362\u5f53\u524d\u5bf9\u52a0\u5bc6\u76d1\u7ba1\u8f83\u4e25\u683c\u7684SEC\u4e3b\u5e2d\u3002\u8fd9\u4e00\u4e3e\u63aa\u6216\u5c06\u4e3a\u5305\u62ec\u4ee5\u592a\u574a\u5728\u5185\u7684\u52a0\u5bc6\u8d44\u4ea7\u589e\u52a0\u6295\u8d44\u5438\u5f15\u529b\u3002\u6b64\u5916\uff0c\u7279\u6717\u666e\u8ba1\u5212\u51cf\u7a0e\u5e76\u652f\u6301\u201c\u81ea\u6258\u7ba1\u201d\u63aa\u65bd\uff0c\u4e5f\u6fc0\u52b1\u4e86\u5e02\u573a\u4fe1\u5fc3\u3002\u603b\u4f53\u800c\u8a00\uff0c\u6295\u8d44\u8005\u9884\u671f\u66f4\u5bbd\u677e\u7684\u653f\u7b56\u4f1a\u589e\u52a0\u5bf9\u4ee5\u592a\u574a\u7b49\u52a0\u5bc6\u8d44\u4ea7\u7684\u5174\u8da3<\/span><\/p>\n<p><span>\u4e1c\u65f6\u95f4 11 \u6708 1 \u65e5\uff09\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u603b\u51c0\u6d41\u51fa 1092.56 \u4e07\u7f8e\u5143<\/span><\/p>\n<h4><strong>1.2. \u73b0\u8d27BTC vs ETH \u4ef7\u683c\u8d70\u52bf<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401072265891.png\"><\/p>\n<p><strong><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401079452669.png\">\u89e3\u6790<\/strong><\/p>\n<p>\u4e0a\u5468\u662f\u5bf9\u4e8e\u8d44\u672c\u5e02\u573a\u540e\u5e02\u8d70\u5411\u51b3\u5b9a\u6027\u7684\u4e00\u5468\uff0c\u5176\u4e2d\u7f8e\u56fd\u5927\u9009\u4ee5\u53ca\u5f53\u5468\u7684\u7f8e\u8054\u50a8\u5229\u7387\u51b3\u8bae\u90fd\u662f\u6bd4\u7279\u5e01\u521b\u65b0\u9ad8\u5e76\u7ee7\u7eed\u51b2\u51fb8\u4e07\u7f8e\u5143\u7684\u51b3\u5b9a\u6027\u56e0\u7d20\u3002\u6bd4\u7279\u5e01\u5728\u5e02\u573a\u6d3b\u8dc3\u7684\u4e70\u5165\u60c5\u7eea\u4e2d\u7ee7\u7eed\u4e0a\u6da8\uff0c\u5148\u662f\u7a81\u7834\u4e8676,000\u7f8e\u5143\uff0c\u6210\u4e3a\u5168\u7403\u6295\u8d44\u8005\u7684\u5173\u6ce8\u7126\u70b9\u3002\u8fd9\u4e00\u4e0a\u6da8\u53d7\u591a\u4e2a\u56e0\u7d20\u63a8\u52a8\uff0c\u5305\u62ec\u52a0\u5bc6\u53cb\u597d\u7684\u7279\u6717\u666e\u83b7\u80dc\u4ee5\u53ca\u7f8e\u8054\u50a811\u6708\u7ee7\u7eed\u964d\u606f25bps\u3002\u540c\u65f6\uff0c\u592e\u89c6\u5bf9\u6bd4\u7279\u5e01\u7684\u62a5\u9053\u4e5f\u5bf9\u5e02\u573a\u8d77\u5230\u4e86\u79ef\u6781\u7684\u5ba3\u4f20\u6548\u5e94\uff0c\u53ef\u80fd\u5438\u5f15\u4e86\u66f4\u591a\u6563\u6237\u6295\u8d44\u8005\u5165\u573a\u3002\u6b64\u5916\uff0c\u5e02\u573a\u9884\u671f\u7f8e\u8054\u50a8\u53ef\u80fd\u4f1a\u7ee7\u7eed\u7ef4\u6301\u8f83\u4e3a\u6e29\u548c\u7684\u8d27\u5e01\u653f\u7b56\uff0c\u8fd9\u8fdb\u4e00\u6b65\u9f13\u52b1\u4e86\u52a0\u5bc6\u8d27\u5e01\u7684\u6295\u673a\u9700\u6c42\u3002\u4f46\u9274\u4e8e\u53d1\u7a3f\u65f6\u6bd4\u7279\u5e01\u5df2\u7ecf\u7a81\u78348\u4e07\u7f8e\u5143\u6574\u6570\u5173\u53e3\uff0c\u76ee\u524d\u7f3a\u5c11\u53ef\u53c2\u8003\u7684\u963b\u529b\u4f4d\uff0c\u56e0\u6b64\u4e00\u65e6\u4e70\u5165\u6210\u4ea4\u91cf\u5f00\u59cb\u840e\u7f29\uff0c\u90a3\u4e48\u5c31\u662f\u56de\u8c03\u884c\u60c5\u5f00\u542f\u4e4b\u65f6\uff0c\u81f3\u4e8e\u56de\u8c03\u540e\u7684\u652f\u6491\u533a\u95f4\u53ef\u4ee5\u53c2\u800376,500\u7f8e\u5143\u9644\u8fd1\u3002<\/p>\n<p>\u5bf9\u4e8e\u4ee5\u592a\u574a\u6765\u8bf4\uff0c\u4e0a\u5468\u662f\u75af\u72c2\u7684\uff0c\u5355\u546833%\u7684\u6da8\u5e45\u521b\u4e0b\u4e86\u4eca\u5e74\u4e0b\u534a\u5e74\u7684\u5355\u5468\u6700\u9ad8\u8bb0\u5f55\uff0c\u8fd9\u5f97\u76ca\u4e8e\u7279\u6717\u666e\u653f\u5e9c\u5bf9\u4e8e\u52a0\u5bc6\u5e02\u573a\u7684\u76d1\u7ba1\u5229\u597d\uff0c\u82e5\u6309\u7167\u5176\u627f\u8bfa\uff0c\u89e3\u96c7\u73b0\u4efbSEC\u4e3b\u5e2d\uff0c\u5982\u679c\u65b0\u7684SEC\u9886\u5bfc\u5c42\u5bf9\u52a0\u5bc6\u8d44\u4ea7\u6001\u5ea6\u66f4\u52a0\u5f00\u653e\uff0c\u53ef\u80fd\u4f1a\u52a0\u901f\u5bf9\u4ee5\u592a\u574aETF\u548c\u5176\u4ed6\u52a0\u5bc6\u4ea7\u54c1\u7684\u5ba1\u6279\uff0c\u8fdb\u800c\u5438\u5f15\u66f4\u591a\u8d44\u91d1\u6d41\u5165\u3002\u56e0\u6b64\u672c\u5468\u6295\u8d44\u8005\u9700\u5173\u6ce83220~3380\u7f8e\u5143\u7684\u5f3a\u963b\u529b\u533a\u95f4\uff0c\u8be5\u533a\u95f4\u5927\u6982\u7387\u6210\u4e3a\u56de\u8c03\u5f00\u542f\u7684\u963b\u529b\u70b9\uff0c\u4e0b\u65b9\u5f3a\u652f\u6491\u5219\u53ef\u5173\u6ce82850\u7f8e\u5143\u9644\u8fd1\u3002<\/p>\n<h4><strong>1.3. \u6050\u614c&amp;\u8d2a\u5a6a\u6307\u6570<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401091025103.png\"><\/p>\n<p><strong>\u89e3\u6790<\/strong><\/p>\n<p>\u4e0a\u5468\u8d2a\u5a6a\u6307\u6570\u56e0\u53d7\u5927\u6da8\u884c\u60c5\u5f71\u54cd\uff0c\u5df2\u98d9\u5347\u81f378\uff0c\u65e0\u9650\u63a5\u8fd1\u4e8e\u5b63\u5ea6\u8d2a\u5a6a\u533a\u95f4\uff0c\u4ece\u98ce\u9669\u7684\u89d2\u5ea6\u8bb2\uff0c\u8fd9\u662f\u4e00\u4e2a\u5371\u9669\u4fe1\u53f7\uff0c\u5f80\u5f80\u8d2a\u5a6a\u6307\u6570\u8d85\u8fc780\u540e\u4fbf\u610f\u5473\u7740\u5e02\u573a\u7684fomo\u60c5\u7eea\u8fc7\u4e8e\u4e25\u91cd\uff0c\u53d1\u751f\u77ed\u7ebf\u5267\u70c8\u6ce2\u52a8\u884c\u60c5\u7684\u6982\u7387\u5c06\u65e0\u9650\u5347\u9ad8\uff0c\u56e0\u6b64\u672c\u5468\u6295\u8d44\u8005\u5e94\u6ce8\u610f\uff0c\u5207\u52ff\u8ffd\u6da8\uff0c\u7406\u6027\u5206\u914d\u4ed3\u4f4d\uff0c\u8b66\u60d5\u4e0b\u884c\u98ce\u9669\u3002<\/p>\n<h3><strong>2.\u516c\u94fe\u6570\u636e<\/strong><\/h3>\n<h4><strong>2.1. BTC Layer 2 Summary<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401094350400.png\"><\/p>\n<p><strong>\u89e3\u6790<\/strong><\/p>\n<p>BTC\u751f\u6001\u65b9\u9762\uff0cBitcoin Layer 2\uff08L2\uff09\u6280\u672f\u53d6\u5f97\u4e86\u663e\u8457\u8fdb\u5c55\u3002\u5c24\u5176\u662f\u4ee5Stacks\u7684\u201cNakamoto\u201d\u5347\u7ea7\u4e3a\u4e3b\uff0c\u63d0\u5347\u4e86\u4ea4\u6613\u901f\u5ea6\u548c\u6269\u5c55\u6027\uff0c\u4ece10\u523030\u5206\u949f\u7684\u5904\u7406\u65f6\u95f4\u7f29\u77ed\u5230\u7ea65\u79d2\u3002\u8fd9\u4e00\u5347\u7ea7\u5c06\u8fdb\u4e00\u6b65\u652f\u6301\u6bd4\u7279\u5e01L2\u7684DeFi\u5e94\u7528\uff0c\u5438\u5f15\u4e86\u6295\u8d44\u8005\u7684\u5173\u6ce8\u3002\u540c\u65f6\uff0c\u968f\u7740\u6bd4\u7279\u5e01\u7684\u533a\u5757\u5956\u52b1\u51cf\u534a\u548c\u5bf9\u65b0\u529f\u80fd\uff08\u5982BRC-20\u548cordinals\uff09\u9700\u6c42\u7684\u4e0a\u5347\uff0c\u6bd4\u7279\u5e01L2\u751f\u6001\u7cfb\u7edf\u7684\u7528\u6237\u548c\u5f00\u53d1\u8005\u793e\u533a\u663e\u8457\u589e\u957f\uff0c\u8fd9\u63a8\u52a8\u4e86L2\u7f51\u7edc\u6d3b\u8dc3\u5ea6\u7684\u63d0\u5347\u3002<\/p>\n<p><span>\u5408\u521b\u59cb\u4eba Muneeb Ali \u53d1\u6587\u79f0\uff0c\u300c\u6211\u4eec\u6210\u7acb\u4e86\u4e00\u4e2a\u65b0\u7684 Stacks \u5b9e\u4f53 Bitcoin L2 Labs\uff0c\u83b7\u5f97\u4e86 2000 \u4e07\u7f8e\u5143\u878d\u8d44\uff0c\u4e13\u6ce8\u4e8e\u6838\u5fc3\u5f00\u53d1\u3002Adriano DiLuzio\uff08\u66fe\u4efb Algorand Labs \u6210\u5458\uff09\u5c06\u62c5\u4efb\u9996\u5e2d\u6280\u672f\u5b98\uff0c\u5e76\u4e3b\u5bfc Stacks \u6838\u5fc3\u548c SBTC \u7684\u5f00\u53d1\u5de5\u4f5c\u3002\u300d<\/span><\/p>\n<p><span>Bitcoin L2 Labs \u5c06\u7ec4\u5efa\u4e00\u4e2a\u4e13\u95e8\u7684\u56e2\u961f\u6765\u52a0\u901f Stacks \u7684\u53d1\u5c55\uff0c\u8def\u7ebf\u56fe\u4e0a\u7684\u4e3b\u8981\u4e3e\u63aa\u5305\u62ec\u52a0\u901f sBTC \u5f00\u53d1\u3001\u542f\u52a8\u300c\u6a59\u5e3d\u300d\u8ba1\u5212\u4ee5\u652f\u6301\u751f\u6001\u7cfb\u7edf\u5b89\u5168\uff0c\u4ee5\u53ca\u5b9e\u65bd\u6539\u8fdb\u4ee5\u5b9e\u73b0\u66f4\u9ad8\u6548\u3001\u66f4\u900f\u660e\u7684\u6838\u5fc3\u5f00\u53d1\u3002<\/span><\/p>\n<h4><strong>2.2. EVM &amp;non-EVM Layer 1 Summary<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401105357236.png\"><\/p>\n<p><strong>\u89e3\u6790<\/strong><\/p>\n<p>\u4e0a\u5468\u53d7\u6574\u4f53\u5e02\u573a\u73af\u5883\u5229\u597d\u5f71\u54cd\uff0c\u516c\u94fe\u94fe\u4e0aTVL\u4e0a\u6da8\u8d8516%\uff0c\u6253\u7834\u8fd12\u4e2a\u6708\u4ee5\u6765\u7684\u6700\u9ad8\u70b9\u3002\u4e0a\u5468\u4ee5\u592a\u574a\u94fe\u4e0a\u603b\u9501\u4ed3\u91cf\uff08TVL\uff09\u4e0a\u6da833%\uff0c\u8fd9\u5f97\u76ca\u4e8e\u4e8c\u5c42\u7f51\u7edc\uff08\u5982Arbitrum\u3001Optimism\u7b49\uff09\u7684\u9501\u4ed3\u91cf\u521b\u4e0b\u65b0\u9ad8\u3002\u8fd9\u4e9bL2\u5e73\u53f0\u4e3a\u7528\u6237\u63d0\u4f9b\u4e86\u66f4\u5feb\u4e14\u66f4\u5177\u6210\u672c\u6548\u76ca\u7684\u4ea4\u6613\u73af\u5883\uff0c\u5438\u5f15\u4e86\u5927\u91cf\u8d44\u672c\u6d41\u5165\u5e76\u63a8\u52a8\u4e86\u4ee5\u592a\u574a\u4e3b\u7f51\u7684TVL\u589e\u957f\u3002<\/p>\n<p>Solana\u4e0eBNBchain\u5219\u7ee7\u7eed\u4fdd\u6301\u8d44\u91d1\u51c0\u6d41\u51fa\u8d8b\u52bf\u672c\u6708\u8fde\u7eed\u56db\u5468\u5747\u5904\u4e8eTVL\u4e3a\u8d1f\u7684\u533a\u95f4\uff0c\u5bf9\u4e8eSolana\u6765\u8bf4\uff0c\u8d44\u91d1\u5916\u6d41\u7684\u539f\u56e0\u5728\u4e8e\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff08DeFi\uff09\u5e94\u7528\u4e2d\u7684\u7528\u6237\u6d3b\u8dc3\u5ea6\u6ce2\u52a8\uff0c\u4ee5\u53ca\u52a0\u5bc6\u5e02\u573a\u7684\u6574\u4f53\u6ce2\u52a8\u3002\u5c3d\u7ba1\u51fa\u73b0\u8d44\u91d1\u6d41\u51fa\uff0c\u94fe\u4e0a\u6307\u6807\u663e\u793a\u7528\u6237\u6d3b\u52a8\u4fdd\u6301\u97e7\u6027\uff0cSolana\u4e0a\u7684\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\u4ea4\u6613\u91cf\u6709\u6240\u589e\u957f\uff0c\u94fe\u4e0a\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u91cf\u521b\u4e0b\u5355\u65e5\u5386\u53f2\u65b0\u9ad8\u3002\u8fc7\u53bb 24 \u5c0f\u65f6\u5185\uff0cSolana \u94fe\u4e0a\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u603b\u989d\u8fbe\u5230 22.89 \u4ebf\u7f8e\u5143\u3002\u5176\u4e2d\uff0cJupiter \u4ea4\u6613\u989d\u4e3a 18.7 \u4ebf\u7f8e\u5143\uff0c\u5360\u603b\u4ea4\u6613\u91cf\u7684 82%\u3002<\/p>\n<p>\u76f8\u8f83\u4e4b\u4e0b\uff0cBNB\u94fe\u7684\u6d3b\u52a8\u4e0b\u964d\u66f4\u4e3a\u4e25\u91cd\uff0c\u94fe\u4e0a\u6d3b\u52a8\u51cf\u5c11\u4e8637%\uff0cDApp\u4ea4\u6613\u91cf\u4e5f\u5927\u5e45\u4e0b\u964d\uff0c\u5f71\u54cd\u4e86\u5176TVL\u3002PancakeSwap\u7b49BNB\u94fe\u4e0a\u4e3b\u8981DEX\u7684\u4ea4\u6613\u91cf\u51cf\u5c11\u4e8625%\uff0c\u8fd9\u662f\u5173\u952e\u56e0\u7d20\u4e4b\u4e00\u3002BNB\u94fe\u8f83\u4f4e\u7684\u7f51\u7edc\u8d39\u7528\u548c\u51cf\u5c11\u7684DApp\u53c2\u4e0e\u5ea6\uff0c\u53ef\u80fd\u8ba9\u5b83\u76f8\u8f83\u4e8e\u4ee5\u592a\u574a\u548cSolana\u5438\u5f15\u529b\u4e0d\u8db3\uff0c\u56e0\u4e3a\u540e\u8005\u5c3d\u7ba1\u6ce2\u52a8\uff0c\u4f46\u7528\u6237\u53c2\u4e0e\u5ea6\u4f9d\u7136\u8f83\u9ad8\u3002<\/p>\n<h4><span>2.3. EVM Layer 2 Summary<\/span><\/h4>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401113701816.png\"><\/p>\n<p><strong>\u89e3\u6790<\/strong><\/p>\n<p><span>\u4e0a\u5468L2\u65b9\u9762\uff0c\u5934\u90e8\u534f\u8bae\u9664\u4e86Base\u5b9e\u73b0\u4e86\u8d85\u8fc77%\u7684TVL\u6b63\u589e\u957f\u5916\uff0c\u5176\u4f59\u534f\u8bae\u5747\u65e0\u592a\u5927\u5efa\u6811\uff0cScroll\u7ec8\u4e8e\u5728\u8fde\u7eed\u4e24\u5468TVL\u6d41\u51fa\u8d85\u8fc720%\u540e\u6b62\u4f4f\u9893\u52bf\uff0c\u4e0a\u5468\u4ec5\u67099%\u7684\u8d1f\u589e\u957f\uff0c\u770b\u5230\u4e86\u6062\u590d\u7684\u4e50\u89c2\u8d8b\u52bf\u3002\u800cBase\u5219\u5728\u4e0a\u5468\u7ee7\u7eed\u5efa\u8bbe\u5176\u751f\u6001\u5e76\u53d6\u5f97\u826f\u597d\u6210\u7ee9\uff0c<\/span>Meme \u9879\u76ee RBP.fun \u5c06\u5bf9 Playmarket \u7528\u6237\u53ca\u7f8e\u56fd\u5927\u9009\u6982\u5ff5\u5e01\uff08TRUMP\u3001MAGA \u53ca PEOPLE \u7b49\uff09\u6301\u6709\u8005\u7a7a\u6295 RBP \u4ee3\u5e01\u3002\u7528\u6237\u9886\u53d6\u7a7a\u6295\u540e\uff0c\u53ef\u53c2\u4e0e\u7ea2\u84dd\u8d28\u62bc\u6c60\u7ade\u731c\uff0c\u9884\u6d4b\u7f8e\u56fd\u603b\u7edf\u9009\u4e3e\u7ed3\u679c\uff0c\u8d62\u53d6\u8d28\u62bc\u5956\u52b1\u3002<\/p>\n<p>\u5176\u94fe\u4e0a\u884d\u751f\u54c1\u4ea4\u6613\u6240 SynFuture \u5ba3\u5e03\u63a8\u51fa\u300cPerp Launchpad\u300d\u5e73\u53f0\uff0c\u8be5\u5e73\u53f0\u662f\u4e13\u4e3a\u542f\u52a8\u6c38\u7eed\u671f\u8d27\u5e02\u573a\u8bbe\u8ba1\u7684\u5e73\u53f0\uff0c\u5e76\u914d\u5957\u63a8\u51fa 100 \u4e07\u7f8e\u5143\u7684\u8d60\u6b3e\u8ba1\u5212\uff0c\u65e8\u5728\u4fc3\u8fdb\u533a\u5757\u94fe\u4e0a\u7684\u65b0\u4ee3\u5e01\u9879\u76ee\u3002<\/p>\n<p>Base&nbsp;\u4e0a Meme \u4ee3\u5e01\u542f\u52a8\u5e73\u53f0 Wow \u5df2\u4e8e8\u65e5\u51cc\u6668\u5f00\u653e\u8fd0\u884c\u3002Wow \u57fa\u4e8e Base&nbsp;\u6784\u5efa\uff0cWow \u4e0a\u7684\u6240\u6709\u6c60\u90fd\u7531\u7528\u6237\u751f\u6210\uff0c\u6c60\u4e2d\u7684\u4ee3\u5e01\u4e0d\u53d7\u4efb\u4f55\u9884\u552e\u6216\u56e2\u961f\u5206\u914d\u7684\u9650\u5236\u3002\u4e0e\u90e8\u7f72\u5728 Wow \u4e0a\u7684\u4efb\u4f55\u4ee3\u5e01\u76f8\u5173\u7684\u6bcf\u7b14\u8d2d\u4e70\u6216\u51fa\u552e\u4ea4\u6613\u5747\u9700\u7f34\u7eb3 1% \u7684\u534f\u8bae\u8d39\u3002\u5956\u52b1\u5408\u7ea6\u968f\u540e\u4f1a\u5c06\u6536\u53d6\u7684\u8d39\u7528\u5206\u914d\u7ed9\u5404\u65b9\uff0c\u76ee\u524d\u7684\u5206\u914d\u7ed3\u6784\u5982\u4e0b\uff1a50% \u5206\u914d\u7ed9\u4ee3\u5e01\u521b\u5efa\u8005\uff1b20% \u5206\u914d\u7ed9\u534f\u8bae\u65b9\uff1b15% \u5206\u914d\u7ed9\u5e73\u53f0\u63a8\u8350\u4eba\uff1b15% \u5206\u914d\u7ed9\u8ba2\u5355\u63a8\u8350\u4eba\u3002<\/p>\n<h4><span>2.4. Prediction Market Summary<\/span>&nbsp;<\/h4>\n<p><img decoding=\"async\" alt=\"DeFi\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2024\/11\/12\/1731401128660453.png\"><\/p>\n<p><strong>\u89e3\u6790<\/strong><\/p>\n<p>\u52a0\u5bc6\u9884\u6d4b\u5e02\u573a Polymarket \u786e\u8ba4\u5176\u9009\u4e3e\u9884\u6d4b\u5e02\u573a\u7ed3\u679c\u4e3a\u7279\u6717\u666e\u80dc\u9009\uff0c\u56e0\u4e3a\u7f8e\u8054\u793e\u3001\u798f\u514b\u65af\u65b0\u95fb\uff08FOX\uff09\u548c\u7f8e\u56fd\u5168\u56fd\u5e7f\u64ad\u516c\u53f8\uff08NBC\uff09\u90fd\u5df2\u786e\u8ba4\u4e86\u8be5\u9009\u4e3e\u7ed3\u679c\uff08call the election\uff09\uff0c\u7b26\u5408\u5176\u7ed3\u679c\u8ba4\u5b9a\u6761\u4ef6\u3002\u6cd5\u56fd\u4ea4\u6613\u5458 Th\u00e9o \u66fe\u5728\u52a0\u5bc6\u9884\u6d4b\u5e02\u573a Polymarket \u4e0a\u5927\u989d\u62bc\u6ce8\u7279\u6717\u666e\u8d62\u5f97\u7b2c\u4e8c\u4efb\u671f\uff0c\u6839\u636e\u8be5\u5e73\u53f0\u7684\u6570\u636e\uff0c\u4ed6\u5c06\u901a\u8fc7\u8fd9\u4e00\u62bc\u6ce8\u8d5a\u53d6\u81f3\u5c11 4850 \u4e07\u7f8e\u5143\u3002<\/p>\n<p>\u636e The Block \u62a5\u9053\uff0cPolymarket&nbsp;\u7ed3\u7b97\u9875\u9762\u622a\u56fe\u663e\u793a\uff0c\u8be5\u5e73\u53f0\u79f0\u300c\u6211\u4eec\u9884\u8ba1\u672a\u6765\u4f1a\u8fdb\u884c\u7a7a\u6295\uff0c\u5c06\u5956\u91d1\u518d\u6295\u8d44\u5230\u5176\u4ed6\u5e02\u573a\u7684\u7528\u6237\u53ef\u80fd\u6709\u8d44\u683c\u83b7\u5f97\u672a\u6765\u66f4\u9ad8\u7684\u5956\u52b1\u548c\u7a7a\u6295\u3002\u5982\u679c\u4f60\u7559\u4e0b\u6765\u4e86\uff0c\u90a3\u4f60\u4f1a\u5f88\u5f00\u5fc3\u3002\u300d<\/p>\n<h4><span>&nbsp;<\/span><\/h4>\n<h1 class=\"ql-align-justify\"><strong>\u56db.\u5b8f\u89c2\u6570\u636e\u56de\u987e\u4e0e\u4e0b\u5468\u5173\u952e\u6570\u636e\u53d1\u5e03\u8282\u70b9<\/strong><\/h1>\n<p>\u5c3d\u7ba1\u77ed\u671f\u5185\u901a\u80c0\u9884\u671f\u6709\u6240\u56de\u843d\uff0c\u4f46\u957f\u671f\u901a\u80c0\u9884\u671f\u7565\u6709\u4e0a\u5347\u3002\u5bc6\u6b47\u6839\u5927\u5b66\u7684\u8c03\u67e5\u663e\u793a\uff0c\u6d88\u8d39\u8005\u5bf9\u672a\u6765\u4e00\u5e74\u548c\u4e94\u5e74\u7684\u901a\u80c0\u9884\u671f\u5206\u522b\u4e3a2.6%\u548c3.1%\uff0c\u8fd9\u8868\u660e\u6d88\u8d39\u8005\u5bf9\u77ed\u671f\u4ef7\u683c\u4e0a\u6da8\u7684\u62c5\u5fe7\u6709\u6240\u7f13\u89e3\u3002<\/p>\n<p>\u5bc6\u6b47\u6839\u5927\u5b66\u6d88\u8d39\u8005\u4fe1\u5fc3\u6307\u6570\u572811\u6708\u521d\u6500\u5347\u81f3\u4e03\u4e2a\u6708\u9ad8\u70b9\uff0c\u663e\u793a\u51fa\u6d88\u8d39\u8005\u5bf9\u672a\u6765\u7ecf\u6d4e\u548c\u4e2a\u4eba\u8d22\u52a1\u72b6\u51b5\u7684\u4e50\u89c2\u60c5\u7eea\u3002<\/p>\n<p>\u5e02\u573a\u5bf9\u7f8e\u8054\u50a8\u672a\u6765\u53ef\u80fd\u5b9e\u65bd\u7684\u964d\u606f\u4e3e\u63aa\u7684\u9884\u671f\u6709\u6240\u589e\u5f3a\uff0c\u5c24\u5176\u662f\u5728\u7ecf\u6d4e\u6570\u636e\u8868\u73b0\u4e0d\u4f73\u7684\u60c5\u51b5\u4e0b\u3002\u5206\u6790\u4eba\u58eb\u6307\u51fa\uff0c\u5982\u679c\u5931\u4e1a\u7387\u6ca1\u6709\u7ee7\u7eed\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u7f8e\u8054\u50a8\u53ef\u80fd\u4f1a\u9009\u62e9\u5ffd\u7565\u56db\u5b63\u5ea6\u7684\u901a\u80c0\u6ce2\u52a8\uff0c\u503e\u5411\u4e8e\u4fdd\u6301\u5176\u5bbd\u677e\u7684\u8d27\u5e01\u653f\u7b56\u3002<\/p>\n<p>\u672c\u5468\uff0811\u670811\u65e5-11\u670815\u65e5\uff09\u91cd\u8981\u5b8f\u89c2\u6570\u636e\u8282\u70b9\u5305\u62ec\uff1a<\/p>\n<p>11\u670812\u65e5\uff1a\u7f8e\u56fd10\u6708NFIB\u5c0f\u578b\u4f01\u4e1a\u4fe1\u5fc3\u6307\u6570<\/p>\n<p>11\u670813\u65e5\uff1a\u7f8e\u56fd10\u6708\u672a\u5b63\u8c03CPI\u5e74\u7387<\/p>\n<p>11\u670814\u65e5\uff1a\u7f8e\u56fd\u81f311\u67089\u65e5\u5f53\u5468\u521d\u8bf7\u5931\u4e1a\u91d1\u4eba\u6570(\u4e07\u4eba)\uff1b\u7f8e\u56fd10\u6708PPI\u5e74\u7387<\/p>\n<p><\/p>\n<h1>\u4e94. \u76d1\u7ba1\u653f\u7b56<\/h1>\n<p>\u672c\u5468\u56e0\u7f8e\u56fd\u5927\u9009\u6700\u7ec8\u51b3\u51fa\u80dc\u8005\uff0c\u7279\u6717\u666e\u7684\u5f53\u9009\u6210\u4e3a\u52a0\u5bc6\u5e02\u573a\u5f53\u524d\u548c\u672a\u6765\u8d70\u5411\u7684\u98ce\u5411\u6807\u3002\u56e0\u6b64\u524d\u7279\u6717\u666e\u591a\u6b21\u53d1\u8868\u5bf9\u52a0\u5bc6\u884c\u4e1a\u53cb\u597d\u7684\u8a00\u8bba\uff0c\u6240\u4ee5\u5468\u5185\u4e3b\u8981\u4ee5\u7f8e\u56fd\u7684\u5229\u597d\u4fe1\u606f\u4e3a\u4e3b\uff0c\u5176\u4e2d\u6700\u5173\u952e\u7684\u662f\u7279\u6717\u666e\u5c06\u6765\u4f1a\u5728\u591a\u5927\u7a0b\u5ea6\u4e0a\u5b9e\u73b0\u4ed6\u7684\u201c\u5341\u4e00\u6761\u201d\u52a0\u5bc6\u65b0\u653f\u3002\u5176\u4ed6\u5730\u533a\u56e0\u5728\u89c2\u671b\u7f8e\u56fd\u653f\u7b56\u8d70\u5411\uff0c\u5e76\u672a\u6709\u65b0\u653f\u7b56\u51fa\u53f0\uff0c\u4f46\u9884\u8ba1\u5728\u4eca\u5e74\u6700\u540e\u4e00\u6708\u4ee5\u53ca2025\u5e74Q1\u4f1a\u9646\u7eed\u51fa\u73b0\u5bc6\u96c6\u7684\u4e0d\u540c\u7a0b\u5ea6\u7684\u5229\u597d\u653f\u7b56\u3002<\/p>\n<h3><strong>\u7f8e\u56fd<\/strong><\/h3>\n<p>11\u67086\u65e5\uff0c\u7f8e\u56fd\u53c2\u8bae\u5458\u8f9b\u897f\u5a05\u00b7\u5362\u7c73\u65af\u8868\u793a\uff0c\u7f8e\u56fd\u653f\u5e9c\u5c06\u4f1a\u5efa\u7acb\u4e00\u4e2a\u7531\u653f\u5e9c\u62e5\u6709\u7684\u6bd4\u7279\u5e01\u50a8\u5907\u3002\u4eca\u5e747\u6708\u8f9b\u897f\u5a05\u00b7\u5362\u7c73\u65af\u63d0\u51fa\u4e862024\u5e74\u300a\u901a\u8fc7\u4f18\u5316\u5168\u56fd\u6295\u8d44\u4fc3\u8fdb\u521b\u65b0\u3001\u6280\u672f\u548c\u7ade\u4e89\u529b\u300b\uff08BITCOIN\u6cd5\u6848\uff09\u3002\u8be5\u6cd5\u6848\u5236\u5b9a\u4e86\u6bcf\u5e74\u8d2d\u4e70\u6700\u591a20\u4e07\u679a\u6bd4\u7279\u5e01\u7684\u8ba1\u5212\uff0c\u76ee\u6807\u662f\u5efa\u7acb\u4e00\u4e2a\u591a\u8fbe100\u4e07\u679a\u6bd4\u7279\u5e01\u7684\u50a8\u5907\u5e93\u3002\u8fd9\u4e9b\u8d44\u4ea7\u5c06\u81f3\u5c11\u6301\u670920\u5e74\u3002<\/p>\n<p>11\u67089\u65e5\uff0c\u7f8e\u56fd SEC \u518d\u6b21\u63a8\u8fdf\u4e86\u662f\u5426\u6279\u51c6\u7ebd\u7ea6\u8bc1\u5238\u4ea4\u6613\u6240 (NYSE) \u4e0a\u5e02\u4ee5\u592a\u574a ETF \u671f\u6743 ETF \u671f\u6743\u7684\u8bf7\u6c42\u7684\u51b3\u5b9a\u3002SEC \u5728\u63d0\u4ea4\u7684\u6587\u4ef6\u4e2d\u8868\u793a\uff0c\u63a8\u8fdf\u65e8\u5728\u8fdb\u884c\u66f4\u591a\u5206\u6790\u548c\u516c\u4f17\u610f\u89c1\uff0c\u7279\u522b\u662f\u5173\u4e8e\u62df\u8bae\u7684\u89c4\u5219\u53d8\u66f4\u662f\u5426\u7b26\u5408\u300a\u8bc1\u5238\u4ea4\u6613\u6cd5\u300b\u7684\u8981\u6c42\u3002SEC \u5f3a\u8c03\u4e86\u5bf9\u8be5\u63d0\u6848\u5bf9\u9632\u6b62\u5e02\u573a\u64cd\u7eb5\u3001\u4fdd\u62a4\u6295\u8d44\u8005\u548c\u786e\u4fdd\u516c\u5e73\u4ea4\u6613\u4f53\u7cfb\u7684\u6f5c\u5728\u5f71\u54cd\u7684\u62c5\u5fe7\uff0c\u8fd9\u4e9b\u5f71\u54cd\u5c5e\u4e8e\u300a\u8bc1\u5238\u4ea4\u6613\u6cd5\u300b\u7b2c 6(b)(5) 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