\u672c\u6587\u5c06\u6df1\u5165\u5256\u6790\u8fd9\u4e09\u9a7e\u9a6c\u8f66\uff0c\u8be6\u89e3\u5176\u6cd5\u5f8b\u5185\u6838\u3001\u5546\u4e1a\u6a21\u5f0f\u4e0e\u6838\u5fc3\u5dee\u5f02\uff0c\u5e76\u63a2\u8ba8\u8c01\u6700\u6709\u53ef\u80fd\u5728\u8fd9\u573a\u9ad8\u98ce\u9669\u7684\u535a\u5f08\u4e2d\u62d4\u5f97\u5934\u7b79\u3002<\/p>\n
\u4e00\u3001\u4ee3\u5e01\u5316\u80a1\u7968\u7684\u56db\u6b21\u6d6a\u6f6e<\/strong><\/h3>\n\u8981\u7406\u89e3\u4eca\u5929\u7684\u7ade\u4e89\u683c\u5c40\uff0c\u5fc5\u987b\u56de\u987e\u5386\u53f2\u3002\u4ee3\u5e01\u5316\u80a1\u7968\u7684\u53d1\u5c55\u5927\u81f4\u7ecf\u5386\u4e86\u56db\u4e2a\u9636\u6bb5\uff1a<\/p>\n
\n- STO \u840c\u82bd\u671f (2017-2018):<\/strong> STO\uff08\u8bc1\u5238\u578b\u4ee3\u5e01\u53d1\u884c\uff09\u6982\u5ff5\u5174\u8d77\uff0c\u65e8\u5728\u5c06\u4f20\u7edf\u8bc1\u5238\u5408\u89c4\u4e0a\u94fe\u3002\u7136\u800c\uff0c\u7531\u4e8e\u7f3a\u4e4f\u7edf\u4e00\u6807\u51c6\u3001\u5408\u89c4\u6210\u672c\u9ad8\u6602\u4e14\u4e8c\u7ea7\u5e02\u573a\u6d41\u52a8\u6027\u532e\u4e4f\uff0c\u8fd9\u4e00\u5c1d\u8bd5\u5f88\u5feb\u4fbf\u5043\u65d7\u606f\u9f13\u3002<\/li>\n
- \u5408\u6210\u8d44\u4ea7\u5b9e\u9a8c\u671f (2020 DeFi Summer):<\/strong> \u4ee5 Synthetix \u548c Mirror Protocol \u4e3a\u4ee3\u8868\u7684\u9879\u76ee\uff0c\u8bd5\u56fe\u901a\u8fc7\u8d85\u989d\u62b5\u62bc\u52a0\u5bc6\u8d44\u4ea7\u6765\u94f8\u9020\u4e0e\u7f8e\u80a1\u4ef7\u683c\u6302\u94a9\u7684“\u5408\u6210\u8d44\u4ea7”\u3002\u8fd9\u79cd\u6a21\u5f0f\u7ed5\u5f00\u4e86\u76f4\u63a5\u6301\u6709\u80a1\u7968\u7684\u76d1\u7ba1\u96be\u9898\uff0c\u4f46\u6700\u7ec8\u56e0\u672a\u80fd\u627e\u5230PMF\u800c\u5931\u8d25\u3002\u94fe\u4e0a\u4ea4\u6613\u9700\u6c42\u4e0d\u8db3\uff0c\u5bfc\u81f4\u505a\u5e02\u5546\u7f3a\u4e4f\u52a8\u529b\uff0c\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u6700\u7ec8\u5927\u90e8\u5206\u9879\u76ee\u4ee5“\u76d1\u7ba1\u8003\u91cf”\u4e3a\u7531\u4e0b\u67b6\u4e86\u76f8\u5173\u8d44\u4ea7\u3002<\/li>\n
- CEX \u8bd5\u6c34\u671f (2020-2021):<\/strong> FTX \u548c\u5e01\u5b89\u7b49\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u901a\u8fc7\u4e0e\u6301\u724c\u91d1\u878d\u673a\u6784\u5408\u4f5c\uff0c\u63a8\u51fa\u4e86\u4e2d\u5fc3\u5316\u6258\u7ba1\u7684\u4ee3\u5e01\u5316\u80a1\u7968\u3002\u8fd9\u79cd\u6a21\u5f0f\u4e00\u5ea6\u5438\u5f15\u4e86\u76f8\u5f53\u7684\u4ea4\u6613\u91cf\uff08FTX \u5728 2021 \u5e74 10 \u6708\u7684\u6708\u4ea4\u6613\u91cf\u8fbe 9400 \u4e07\u7f8e\u5143\uff09\uff0c\u4f46\u7531\u4e8e\u76f4\u63a5\u4e0e\u7eb3\u65af\u8fbe\u514b\u7b49\u4f20\u7edf\u4ea4\u6613\u6240\u5f62\u6210\u7ade\u4e89\uff0c\u5f88\u5feb\u4fbf\u9762\u4e34\u5de8\u5927\u7684\u76d1\u7ba1\u538b\u529b\u3002\u5e01\u5b89\u7684\u670d\u52a1\u4ec5\u4e0a\u7ebf\u4e09\u4e2a\u6708\u4fbf\u5ba3\u544a\u505c\u6b62\uff0cFTX \u7684\u4e1a\u52a1\u4e5f\u968f\u7740\u5176\u5e1d\u56fd\u7684\u5d29\u6e83\u800c\u7ec8\u7ed3\u3002<\/li>\n
- RWA \u6587\u827a\u590d\u5174\u671f (\u5f53\u4e0b):<\/strong> \u5728\u65b0\u7684\u76d1\u7ba1\u9884\u671f\u4e0b\uff0c\u8d5b\u9053\u91cd\u65b0\u542f\u52a8\u3002\u8fd9\u4e00\u6b21\uff0c\u6838\u5fc3\u53d9\u4e8b\u53d8\u6210\u4e86 RWA\uff0c\u5f3a\u8c03\u901a\u8fc7\u5408\u89c4\u7684\u6cd5\u5f8b\u67b6\u6784\uff0c\u53d1\u884c\u7531\u771f\u5b9e\u80a1\u7968 1:1 \u652f\u6301\u7684\u4ee3\u5e01\uff0c\u5e76\u5c06\u8d44\u4ea7\u5b89\u5168\u4e0e\u900f\u660e\u5ea6\u653e\u5728\u9996\u4f4d\u3002<\/li>\n<\/ol>\n
\u4e8c\u3001\u5f53\u524d\u5e02\u573a\u683c\u5c40\u6982\u89c8<\/strong><\/h3>\n\u6839\u636e RWA.xyz \u7684\u6570\u636e\uff0c\u5f53\u524d\u80a1\u7968 RWA \u5e02\u573a\u7684\u603b\u53d1\u884c\u91cf\u7ea6\u4e3a 3.74 \u4ebf\u7f8e\u5143\uff0c\u4f46\u589e\u957f\u7f13\u6162\u3002\u5e02\u573a\u683c\u5c40\u5448\u73b0\u51fa\u788e\u7247\u5316\u7684\u7279\u5f81\uff1a<\/p>\n
\n- Exodus (EXOD):<\/strong> \u5e02\u503c\u6700\u5927\uff08\u7ea6 2.58 \u4ebf\u7f8e\u5143\uff09\uff0c\u4f46\u5176\u6a21\u5f0f\u66f4\u5177\u8c61\u5f81\u610f\u4e49\u3002\u7528\u6237\u53ef\u5c06\u7ebd\u4ea4\u6240\u4e0a\u5e02\u7684 EXOD \u80a1\u7968\u8fc1\u79fb\u81f3 Algorand \u94fe\u4e0a\uff0c\u4f46\u8fd9\u4ec5\u4ec5\u662f\u4e00\u4e2a“\u6570\u5b57\u5206\u8eab”\uff0c\u4e0d\u5305\u542b\u4efb\u4f55\u94fe\u4e0a\u6743\u5229\uff0c\u4e5f\u65e0\u6cd5\u5728\u94fe\u4e0a\u4ea4\u6613\u6d41\u901a\u3002<\/li>\n
- Dinari:<\/strong> \u8fd9\u662f\u5408\u89c4\u63a2\u7d22\u7684\u5178\u8303\u3002\u516c\u53f8\u6ce8\u518c\u4e8e\u7f8e\u56fd\uff0c\u5e76\u83b7\u5f97\u4e86\u5b9d\u8d35\u7684\u5238\u5546-\u4ea4\u6613\u5546\u724c\u7167\u3002\u7136\u800c\uff0c\u4e3a\u4e86\u6ee1\u8db3\u4e25\u683c\u7684\u76d1\u7ba1\uff0c\u5176\u53d1\u884c\u7684 dShares \u65e0\u6cd5\u5728\u94fe\u4e0a\u81ea\u7531\u4ea4\u6613\uff0c\u6240\u6709\u4e70\u5356\u90fd\u5fc5\u987b\u901a\u8fc7\u5176\u5b98\u7f51\u5728\u7f8e\u80a1\u4ea4\u6613\u65f6\u6bb5\u8fdb\u884c\u3002\u8fd9\u4f7f\u5176\u4ea7\u54c1\u4f53\u9a8c\u4e0e\u5bcc\u9014\u7b49\u4f20\u7edf\u5238\u5546\u76f8\u6bd4\u5e76\u65e0\u4f18\u52bf\uff0c\u66f4\u50cf\u662f\u7528\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u5165\u91d1\u6e20\u9053\u7684\u4f20\u7edf\u5238\u5546\uff0c\u56e0\u6b64\u5e02\u573a\u89c4\u6a21\u4e00\u76f4\u53d7\u9650\u3002<\/li>\n
- Montis Group:<\/strong> Montis Group \u662f\u4e00\u5bb6\u4f4d\u4e8e\u82f1\u56fd\u7684\u6570\u5b57\u8d44\u4ea7\u53d1\u884c\u5546\uff0c\u5e02\u503c\u7ea6 5500 \u4e07\u7f8e\u5143\uff0c\u4e13\u6ce8\u4e8e\u5c06\u6b27\u6d32\u7684\u80a1\u7968\u548c\u503a\u5238\u7b49\u73b0\u5b9e\u8d44\u4ea7“\u4e0a\u94fe”\u3002\u7136\u800c\uff0c\u4e0e Exodus \u7684\u60c5\u51b5\u76f8\u4f3c\uff0cMontis \u76ee\u524d\u4e5f\u4ec5\u5b9e\u73b0\u4e86\u81ea\u5bb6\u80a1\u7968\u7684\u4ee3\u5e01\u5316\uff0c\u5e76\u4e14\u8fd9\u4e9b\u4ee3\u5e01\u65e0\u6cd5\u5728\u94fe\u4e0a\u81ea\u7531\u4ea4\u6613\u3002\u5bf9\u4e8e\u5bfb\u6c42\u6d41\u52a8\u6027\u548c\u53ef\u7ec4\u5408\u6027\u7684 Web3 \u6295\u8d44\u8005\u800c\u8a00\uff0c\u8fd9\u79cd\u6a21\u5f0f\u5728\u73b0\u9636\u6bb5\u7684\u5b9e\u9645\u610f\u4e49\u4e0d\u5927\u3002<\/li>\n<\/ul>\n
\u6b63\u662f\u5728\u8fd9\u6837\u7684\u80cc\u666f\u4e0b\uff0cRobinhood\u3001xStocks \u548c StableStocks \u7684\u5165\u573a\uff0c\u4e3a\u5e02\u573a\u5e26\u6765\u4e86\u4e09\u79cd\u66f4\u5177\u60f3\u8c61\u529b\u7684\u8303\u5f0f\u3002<\/p>\n
\u4e09\u3001\u4e09\u9a7e\u9a6c\u8f66——\u4e09\u79cd\u6a21\u5f0f\u7684\u6df1\u5ea6\u89e3\u6784<\/strong><\/h3>\n\u6211\u4eec\u5c06\u4ece\u6cd5\u5f8b\u5185\u6838<\/strong>\u3001\u5546\u4e1a\u6a21\u5f0f<\/strong>\u548c\u53ef\u7ec4\u5408\u6027<\/strong>\u4e09\u4e2a\u7ef4\u5ea6\uff0c\u5bf9\u8fd9\u4e09\u5927\u73a9\u5bb6\u8fdb\u884c\u62c6\u89e3\u3002<\/p>\n1. Robinhood\uff1a\u884d\u751f\u54c1\u5408\u7ea6 + B2C + \u53d7\u63a7\u751f\u6001<\/strong><\/h4>\n\n- \n
\u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a\u5728\u5168\u7403\u8303\u56f4\u5185\u63a2\u7d22“\u52a0\u5bc6 + \u80a1\u7968”\u7ed3\u5408\u8def\u5f84\u7684\u516c\u53f8\u5e76\u4e0d\u7b97\u5c11\uff0c\u4f46 Robinhood \u7684\u505a\u6cd5\u5374\u663e\u5f97\u4e0e\u4f17\u4e0d\u540c\u3002\u5b83\u5e76\u6ca1\u6709\u9009\u62e9\u76f4\u63a5\u53d1\u884c\u4ee3\u8868\u80a1\u7968\u6240\u6709\u6743\u7684\u4ee3\u5e01\uff0c\u800c\u662f\u4ee5\u66f4\u7075\u6d3b\u7684\u65b9\u5f0f\u5207\u5165\u5e02\u573a\uff1a\u901a\u8fc7\u884d\u751f\u54c1\u7684\u8def\u5f84\u5b9e\u73b0\u5bf9\u6807\u7684\u8d44\u4ea7\u7684\u6620\u5c04\u3002\u5728\u6b27\u6d32\u4e0a\u7ebf\u7684\u4ea7\u54c1\uff0c\u672c\u8d28\u4e0a\u5e76\u975e\u8bc1\u5238\u4ea4\u6613\uff0c\u800c\u662f\u4f9d\u6258\u6b27\u76df MiFID II \u6846\u67b6<\/strong>\u53d1\u884c\u7684\u573a\u5916\u91d1\u878d\u5408\u7ea6\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u7528\u6237\u8d2d\u4e70\u7684\u5e76\u4e0d\u662f“\u80a1\u7968\u4ee3\u5e01”\uff0c\u800c\u662f\u4e00\u4efd\u53ef\u8ffd\u8e2a\u7279\u5b9a\u80a1\u4ef7\u6ce2\u52a8\u7684\u6570\u5b57\u51ed\u8bc1\u3002\u8fd9\u79cd\u6cd5\u5f8b\u8bbe\u8ba1\u8ba9 Robinhood \u907f\u5f00\u4e86\u7e41\u590d\u7684\u8bc1\u5238\u5408\u89c4\u58c1\u5792\uff0c\u4ee5\u6700\u4f4e\u7684\u963b\u529b\u6253\u5f00\u4e86\u6d77\u5916\u5e02\u573a\u3002<\/p>\n<\/li>\n- \n
\u6280\u672f\u67b6\u6784\u4e0e“\u56f4\u5899\u82b1\u56ed”\uff1a<\/strong><\/p>\n\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u9009\u62e9\u4e0a\uff0cRobinhood \u501f\u52a9 Arbitrum<\/strong> \u4f5c\u4e3a\u843d\u5730\u7f51\u7edc\u3002\u4e0e\u4ee5\u592a\u574a\u4e3b\u7f51\u76f8\u6bd4\uff0c\u5b83\u83b7\u5f97\u4e86\u66f4\u9ad8\u7684\u6027\u80fd\u3001\u66f4\u4f4e\u7684\u4ea4\u6613\u6210\u672c\uff0c\u540c\u65f6\u8fd8\u80fd\u7ee7\u627f\u6210\u719f\u7684\u4ee5\u592a\u574a\u5b89\u5168\u6027\u3002\u5728\u77ed\u77ed\u51e0\u7f8e\u5143\u7684 Gas \u6210\u672c\u4e0b\u5c31\u5b8c\u6210\u4e86\u4e0a\u767e\u79cd\u4ee3\u5e01\u7684\u90e8\u7f72\uff0c\u6548\u7387\u4f18\u52bf\u4e00\u76ee\u4e86\u7136\u3002<\/li>\n
- \u6743\u9650\u63a7\u5236\uff1a<\/strong> \u4e0d\u8fc7\uff0c\u8fd9\u4e00\u4f53\u7cfb\u5e76\u975e\u5f00\u653e\u5f0f\u7684 DeFi \u4e50\u56ed\u3002\u667a\u80fd\u5408\u7ea6\u5185\u90e8\u5199\u5165\u4e86\u4e25\u683c\u7684 \u767d\u540d\u5355\u89c4\u5219<\/strong>\uff0c\u6240\u6709\u4ea4\u6613\u90fd\u9700\u8981\u9a8c\u8bc1\u63a5\u6536\u65b9\u662f\u5426\u901a\u8fc7\u4e86 Robinhood \u7684\u5408\u89c4\u8ba4\u8bc1\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u8fd9\u662f\u4e00\u4e2a\u5178\u578b\u7684“\u53d7\u63a7\u533a”\uff0c\u7528\u6237\u5fc5\u987b\u5b8c\u6210 KYC \u624d\u80fd\u8fdb\u5165\uff0c\u751f\u6001\u88ab Robinhood \u81ea\u5df1\u7262\u7262\u628a\u63a7\uff0c\u4e5f\u56e0\u6b64\u727a\u7272\u4e86\u4e0e\u5916\u90e8 DeFi \u4e16\u754c\u7684\u4e92\u901a\u6027\u3002<\/li>\n
- \u672a\u6765\u91ce\u5fc3\uff1a<\/strong> \u66f4\u8010\u4eba\u5bfb\u5473\u7684\u662f Robinhood \u7684\u4e0b\u4e00\u6b65\u68cb\u3002\u516c\u53f8\u6b63\u915d\u917f\u57fa\u4e8e Arbitrum \u6280\u672f\u6808\u63a8\u51fa\u81ea\u6709\u7684 Layer 2 \u7f51\u7edc——Robinhood Chain<\/strong>\u3002\u8fd9\u4e00\u52a8\u4f5c\u5e76\u4e0d\u4ec5\u4ec5\u662f\u964d\u4f4e\u6210\u672c\uff0c\u800c\u662f\u91ca\u653e\u51fa\u66f4\u5f3a\u70c8\u7684\u4fe1\u53f7\uff1aRobinhood \u60f3\u8981\u5728\u5e95\u5c42\u6280\u672f\u4e0a\u638c\u63e1\u4e3b\u52a8\u6743\uff0c\u4e3a\u672a\u6765\u5927\u89c4\u6a21\u7684 RWA\u6218\u7565\u63d0\u4f9b\u91cf\u8eab\u5b9a\u5236\u7684\u73af\u5883\u3002<\/li>\n<\/ul>\n<\/li>\n
- \n
\u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u5982\u679c\u628a\u8fd9\u5957\u6a21\u5f0f\u5355\u7eaf\u7406\u89e3\u4e3a“\u5c01\u95ed\u82b1\u56ed”\uff0c\u5176\u5b9e\u4f4e\u4f30\u4e86 Robinhood \u7684\u91ce\u5fc3\u3002CEO Vlad Tenev \u591a\u6b21\u63d0\u5230\u516c\u53f8\u7684\u613f\u666f\u662f“Capital as a Service”\uff08\u8d44\u672c\u5373\u670d\u52a1\uff09\u3002\u4ee3\u5e01\u5316\u5e76\u4e0d\u662f\u5671\u5934\uff0c\u800c\u662f Robinhood \u63a8\u8fdb\u91d1\u878d\u6c11\u4e3b\u5316\u7684\u91cd\u8981\u5de5\u5177\uff0c\u5c24\u5176\u9488\u5bf9\u90a3\u4e9b\u957f\u671f\u9501\u5728\u9ad8\u51c0\u503c\u4eba\u7fa4\u624b\u4e2d\u7684\u975e\u6d41\u52a8\u6027\u8d44\u4ea7\u3002\u60f3\u8c61\u4e00\u4e0b\uff0c\u5982\u679c\u666e\u901a\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u884d\u751f\u54c1\u4ee3\u5e01\u7684\u65b9\u5f0f\uff0c\u95f4\u63a5\u83b7\u5f97 SpaceX \u6216 OpenAI \u8fd9\u7c7b\u672a\u4e0a\u5e02\u5de8\u5934\u7684\u80a1\u6743\u655e\u53e3\uff0c\u8d44\u672c\u5e02\u573a\u7684\u6743\u529b\u7ed3\u6784\u5c06\u88ab\u91cd\u65b0\u6d17\u724c\u3002<\/p>\n\u5f53\u7136\uff0c\u73b0\u5b9e\u5e76\u4e0d\u5b8c\u5168\u4e50\u89c2\u3002\u9876\u7ea7\u79c1\u52df\u516c\u53f8\u5f80\u5f80\u8d44\u91d1\u4e0d\u7f3a\uff0c\u56e0\u6b64\u51e0\u4e4e\u4e0d\u53ef\u80fd\u4e3b\u52a8“\u9080\u8bf7\u6563\u6237\u8fdb\u5165”\u3002\u8fd9\u610f\u5473\u7740\u4ee3\u5e01\u5316\u65b9\u6848\u5fc5\u987b\u7ed5\u8fc7\u4f20\u7edf\u53d1\u884c\u903b\u8f91\uff0c\u624d\u80fd\u89e6\u53ca\u666e\u901a\u6295\u8d44\u8005\u3002\u4f46\u8fd9\u79cd\u6a21\u5f0f\u4e5f\u6697\u85cf\u98ce\u9669\uff1aRobinhood \u5728\u63a8\u51fa OpenAI \u76f8\u5173\u4ee3\u5e01\u540e\uff0c\u516c\u53f8\u65b9\u9762\u7acb\u5373\u53d1\u8868\u58f0\u660e\u6f84\u6e05\u4e0e\u5176\u65e0\u5173\uff0c\u8fd9\u4e5f\u66b4\u9732\u51fa\u4e00\u4e2a\u95ee\u9898——\u884d\u751f\u54c1\u6a21\u5f0f\u5728\u4fe1\u606f\u900f\u660e\u548c\u6295\u8d44\u8005\u7406\u89e3\u5c42\u9762\u53ef\u80fd\u5b58\u5728\u5de8\u5927\u9e3f\u6c9f\u3002<\/p>\n
\u5982\u679c\u4e0e\u5176\u4ed6\u5e73\u53f0\u505a\u4e2a\u5bf9\u6bd4\uff0cRobinhood \u7684\u5207\u53e3\u4e0e\u4f20\u7edf\u7684\u94fe\u4e0a\u8bc1\u5238\u5c1d\u8bd5\uff08\u5982 Synthetix \u7684\u5408\u6210\u8d44\u4ea7\uff0c\u6216 Polymarket \u7684\u9884\u6d4b\u5e02\u573a\uff09\u4e0d\u540c\u3002\u5b83\u5e76\u4e0d\u662f\u5f3a\u8c03 DeFi \u7684\u5b8c\u5168\u5f00\u653e\u6027\uff0c\u800c\u662f\u901a\u8fc7“\u5f3a\u5408\u89c4 + \u9ad8\u7528\u6237\u4f53\u9a8c”\u7684\u7ec4\u5408\u6765\u62a2\u5360\u5e02\u573a\u3002\u5176\u903b\u8f91\u66f4\u50cf\u662f\u91d1\u878d\u79d1\u6280\u5e73\u53f0\u7684\u5ef6\u4f38\uff0c\u800c\u975e\u5f7b\u5e95\u7684\u94fe\u4e0a\u539f\u6559\u65e8\u4e3b\u4e49\u3002<\/p>\n
\u5982\u679c\u76d1\u7ba1\u9ed8\u8bb8\u751a\u81f3\u9010\u6b65\u63a5\u53d7<\/strong>\uff0cRobinhood \u5c06\u7387\u5148\u5efa\u7acb\u8d77\u8986\u76d6\u6563\u6237\u3001\u5408\u89c4\u548c RWA \u7684\u8d85\u7ea7\u5165\u53e3\uff0c\u751a\u81f3\u53ef\u80fd\u6210\u4e3a\u6b27\u7f8e\u6563\u6237\u8fdb\u5165\u4ee3\u5e01\u5316\u91d1\u878d\u7684\u7b2c\u4e00\u7ad9\u3002<\/p>\n<\/li>\n<\/ul>\n\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> Robinhood \u7684\u5c1d\u8bd5\u5e76\u975e\u5355\u7eaf\u7684“\u628a\u80a1\u7968\u642c\u4e0a\u533a\u5757\u94fe”\uff0c\u800c\u662f\u4e00\u6b21\u5229\u7528\u52a0\u5bc6\u6280\u672f\u91cd\u5851\u4f20\u7edf\u884d\u751f\u54c1\u5206\u53d1\u6a21\u5f0f\u7684\u5b9e\u9a8c\u3002\u5b83\u7528\u533a\u5757\u94fe\u6765\u63d0\u5347\u4ea7\u54c1\u4ea4\u4ed8\u548c\u5408\u89c4\u6548\u7387\uff0c\u76ee\u6807\u8fdc\u8d85\u52a0\u5bc6\u5708\u672c\u8eab\uff0c\u771f\u6b63\u6307\u5411\u7684\u662f\u6574\u4e2a\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u65b0\u5b9a\u4e49\u3002<\/p>\n2. xStocks \uff1a\u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01 + B2B2C + \u5b8c\u5168\u53ef\u7ec4\u5408\u6027<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a<\/strong> \u5728\u4ee3\u5e01\u5316\u80a1\u7968\u8d5b\u9053\u4e0a\uff0cxStocks \u7684\u5b9a\u4f4d\u9887\u4e3a\u72ec\u7279\u3002\u4e0e\u4e00\u4e9b\u53ea\u63d0\u4f9b\u4ef7\u683c\u6620\u5c04\u7684\u884d\u751f\u54c1\u5e73\u53f0\u4e0d\u540c\uff0c\u5b83\u8d70\u7684\u662f\u5b9e\u7269\u8d44\u4ea7\u5b8c\u5168\u6620\u5c04<\/strong>\u7684\u9053\u8def\u3002\u6574\u4e2a\u67b6\u6784\u7531\u745e\u58eb\u5408\u89c4\u56e2\u961f Backed Finance \u6253\u9020\uff0c\u9075\u5faa\u745e\u58eb\u7684 DLT \u6cd5\u5f8b\u6846\u67b6<\/strong>\uff0c\u5e76\u901a\u8fc7\u5728\u5217\u652f\u6566\u58eb\u767b\u8bbe\u7acb\u7684\u7279\u6b8a\u76ee\u7684\u8f7d\u4f53\uff08SPV\uff09\u6765\u6258\u7ba1\u771f\u5b9e\u80a1\u7968\u3002\u8fd9\u4e2a SPV \u53ea\u8d1f\u8d23\u4e00\u4ef6\u4e8b——\u6301\u6709\u5e95\u5c42\u8d44\u4ea7\u672c\u8eab\uff0c\u5e76\u5728\u6cd5\u5f8b\u4e0a\u4e0e\u53d1\u884c\u4e3b\u4f53\u548c\u4ea4\u6613\u5e73\u53f0\u5b8c\u5168\u9694\u79bb\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u5373\u4fbf\u8fd0\u8425\u65b9\u51fa\u73b0\u95ee\u9898\uff0c\u6295\u8d44\u8005\u6743\u76ca\u4e5f\u80fd\u88ab\u72ec\u7acb\u4fdd\u62a4\u3002\u6295\u8d44\u8005\u62ff\u5230\u7684\u4e0d\u662f\u4e00\u5f20“\u5408\u7ea6\u7eb8”\uff0c\u800c\u662f\u5bf9\u5e94\u4e8e\u771f\u5b9e\u8d44\u4ea7\u7684\u4f18\u5148\u62c5\u4fdd\u503a\u6743\u51ed\u8bc1\u3002<\/li>\n
- \u6280\u672f\u67b6\u6784\u4e0e\u900f\u660e\u5ea6\uff1a<\/strong>\n
\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u5c42\u9762\uff0cxStocks \u5c06\u4ee3\u5e01\u53d1\u884c\u653e\u5728 Solana<\/strong> \u4e0a\u3002\u539f\u56e0\u4e0d\u96be\u7406\u89e3\uff1a\u9ad8\u901f\u541e\u5410\u3001\u4f4e\u6210\u672c\u3001\u786e\u8ba4\u5ef6\u8fdf\u6781\u4f4e\uff0c\u8fd9\u4e9b\u7279\u6027\u5929\u7136\u9002\u5408\u9891\u7e41\u4ea4\u6613\u548c DeFi \u7ec4\u5408\u73a9\u6cd5\u3002<\/li>\n
- \u900f\u660e\u5ea6\u57fa\u77f3\uff1a<\/strong> \u4e3a\u4e86\u8ba9\u6295\u8d44\u8005\u4fe1\u4efb\u5176\u4ee3\u5e01\u786e\u5b9e\u6709\u771f\u5b9e\u50a8\u5907\u652f\u6301\uff0cxStocks \u5f15\u5165\u4e86 Chainlink \u7684\u50a8\u5907\u91d1\u8bc1\u660e<\/strong>\uff0c\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u968f\u65f6\u94fe\u4e0a\u9a8c\u8bc1\u50a8\u5907\u60c5\u51b5\uff0c\u8fd9\u8ba9\u5176“\u8d44\u4ea7\u4ee3\u5e01”\u591a\u4e86\u4e00\u5c42\u900f\u660e\u5ea6\u80cc\u4e66\u3002<\/li>\n
- \u5f00\u653e\u5f0f\u5408\u7ea6\uff1a<\/strong> \u53e6\u4e00\u65b9\u9762\uff0c\u4f5c\u4e3a\u6807\u51c6\u7684 SPL \u4ee3\u5e01\uff0cxStocks \u4ee3\u5e01\u80fd\u591f\u5728 Solana \u4e0a\u81ea\u7531\u6d41\u901a\uff0c\u4e0e Jupiter\u3001Kamino \u7b49\u539f\u751f DeFi \u534f\u8bae\u8f7b\u677e\u6253\u901a\uff0c\u5177\u5907\u5b8c\u5168\u53ef\u7ec4\u5408\u6027\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u4ece\u5546\u4e1a\u8def\u5f84\u4e0a\u770b\uff0cxStocks \u5e76\u4e0d\u662f\u76f4\u63a5\u9762\u5411 C \u7aef\u7684\u95ed\u73af\uff0c\u800c\u662f\u91c7\u7528 B2B2C \u7684\u5206\u9500\u903b\u8f91<\/strong>\u3002\u4e00\u7ea7\u5e02\u573a\u7684\u4ee3\u5e01\u7533\u8d4e\u7531 Backed Finance \u9762\u5411\u673a\u6784\u5b8c\u6210\uff0c\u800c\u4e8c\u7ea7\u5e02\u573a\u7684\u4ea4\u6613\u5219\u4f9d\u6258\u4e8e Kraken\u3001Bybit \u7b49\u4ea4\u6613\u6240\u3002\u8fd9\u6837\u4e00\u6765\uff0c\u5b83\u65e2\u80fd\u5438\u5f15\u4e13\u4e1a\u673a\u6784\uff0c\u53c8\u80fd\u901a\u8fc7\u6210\u719f\u4ea4\u6613\u6240\u89e6\u8fbe\u5927\u91cf\u6563\u6237\uff0c\u6700\u7ec8\u5728\u5f00\u653e\u7684\u751f\u6001\u91cc\u91ca\u653e\u6d41\u52a8\u6027\u3002\u6570\u636e\u5df2\u7ecf\u8bc1\u660e\u4e86\u8fd9\u79cd\u6a21\u5f0f\u7684\u6f5c\u529b\uff1a\u5728\u83b7\u5f97\u4e3b\u6d41\u5e73\u53f0\u652f\u6301\u540e\uff0c\u5176\u5355\u65e5\u4ea4\u6613\u91cf\u4e00\u5ea6\u7a81\u7834 600 \u4e07\u7f8e\u5143\u3002\u66f4\u957f\u8fdc\u7684\u613f\u666f\u662f\u628a\u8fd9\u5957\u6a21\u5f0f\u53d1\u5c55\u4e3a“\u4ee3\u5e01\u5316\u5373\u670d\u52a1”\uff0c\u4e3a\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u6807\u51c6\u5316\u7684\u8d44\u4ea7\u4e0a\u94fe\u5de5\u5177\u3002<\/li>\n<\/ul>\n
xStocks \u7684\u6253\u6cd5\u4e0e Robinhood \u5f62\u6210\u4e86\u9c9c\u660e\u5bf9\u7167\u3002Robinhood \u7684\u6a21\u5f0f\u66f4\u50cf\u662f“\u91d1\u878d\u884d\u751f\u54c1\u6570\u5b57\u5316”\uff0c\u4f9d\u9760\u53d7\u63a7\u767d\u540d\u5355\u673a\u5236\u9501\u4f4f\u7528\u6237\uff1b\u800c xStocks \u5219\u662f\u771f\u5b9e\u8d44\u4ea7\u4e0a\u94fe\uff0c\u5e76\u4fdd\u6301\u4e0e DeFi \u7684\u5b8c\u5168\u4e92\u64cd\u4f5c\u3002\u8fd9\u610f\u5473\u7740\u5b83\u5929\u7136\u66f4\u5951\u5408 Web3 \u7684“\u5f00\u653e\u4e50\u9ad8”\u53d9\u4e8b\uff0c\u4f46\u540c\u65f6\u4e5f\u9700\u8981\u627f\u62c5\u5f00\u653e\u73af\u5883\u4e0b\u7684\u76d1\u7ba1\u7070\u8272\u5730\u5e26\u548c\u98ce\u9669\u5916\u6ea2\u95ee\u9898\u3002<\/p>\n
\u8fd9\u79cd\u6a21\u5f0f\u80fd\u5426\u8d70\u901a\uff0c\u53d6\u51b3\u4e8e\u4e24\u70b9\uff1a<\/code><\/p>\n1. \u80fd\u5426\u771f\u6b63\u5efa\u7acb\u6df1\u5ea6\u6d41\u52a8\u6027<\/strong>\u3002\u5982\u679c\u4ee3\u5e01\u5316\u8d44\u4ea7\u53ea\u662f\u5355\u5411\u53d1\u884c\uff0c\u7f3a\u4e4f\u8db3\u591f\u7684\u4ea4\u6613\u5bf9\u624b\u65b9\u548c\u5957\u5229\u673a\u5236\uff0c\u90a3\u4e48\u5b83\u7684\u5e02\u573a\u610f\u4e49\u5c06\u975e\u5e38\u6709\u9650\u3002<\/code><\/p>\n2. \u80fd\u5426\u8d62\u5f97\u957f\u671f\u76d1\u7ba1\u5bb9\u5fcd\u5ea6\u3002<\/strong>\u5f53\u524d SPV \u67b6\u6784\u5728\u6cd5\u5f8b\u4e0a\u5df2\u7ecf\u5b9e\u73b0\u9694\u79bb\uff0c\u4f46\u672a\u6765\u5404\u56fd\u5bf9“\u4ee3\u5e01\u5316\u8bc1\u5238”\u7684\u8ba4\u5b9a\u5c1a\u672a\u7edf\u4e00\u3002\u4e00\u65e6\u51fa\u73b0\u76d1\u7ba1\u51b2\u7a81\uff0c\u751f\u6001\u53ef\u80fd\u906d\u9047\u91cd\u5927\u6ce2\u52a8\u3002<\/code><\/p>\n<\/pre>\n\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cxStocks \u7684\u6a21\u5f0f\u53ef\u80fd\u4f1a\u542f\u53d1\u66f4\u5e7f\u6cdb\u7684\u5e94\u7528\u573a\u666f\u3002\u4f8b\u5982\uff0c\u5b83\u4e3a\u7a33\u5b9a\u5e01\u4e4b\u5916\u7684“\u8d44\u4ea7\u80cc\u4e66\u578b\u4ee3\u5e01”\u63d0\u4f9b\u4e86\u4e00\u79cd\u53ef\u590d\u5236\u7684\u8303\u5f0f\uff0c\u5c24\u5176\u9002\u7528\u4e8e\u503a\u5238\u3001ETF\u3001\u751a\u81f3\u827a\u672f\u54c1\u57fa\u91d1\u7684\u4ee3\u5e01\u5316\u3002\u4e0e\u5355\u4e00\u4ea4\u6613\u6240\u63a8\u51fa\u7684“\u53d7\u63a7\u4ee3\u5e01”\u4e0d\u540c\uff0c\u5b83\u5f3a\u8c03\u4e0e DeFi \u6a21\u5757\u7684\u81ea\u7531\u7ec4\u5408\u6027\uff0c\u8fd9\u4e3a\u6574\u4e2a\u52a0\u5bc6\u751f\u6001\u6ce8\u5165\u4e86\u65b0\u7684\u6d41\u52a8\u6027\u6765\u6e90\u3002<\/p>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> xStocks \u4e0d\u662f\u5728\u91cd\u5851\u4ea4\u6613\u6240\uff0c\u800c\u662f\u5728\u4e3a DeFi \u63d0\u4f9b\u65b0\u7684\u8d44\u4ea7\u5e95\u5c42\u3002\u5b83\u8bd5\u56fe\u628a\u4f20\u7edf\u91d1\u878d\u7684\u4ef7\u503c\u771f\u5b9e\u3001\u900f\u660e\u5730\u642c\u5230\u94fe\u4e0a\uff0c\u5e76\u901a\u8fc7\u5f00\u653e\u5f0f\u7ec4\u5408\u5851\u9020\u51fa\u65b0\u7684\u5e02\u573a\u751f\u6001\u3002\u5982\u679c\u8bf4 Robinhood \u7684\u65b9\u5411\u662f“\u4e1a\u52a1\u4e0a\u94fe”\uff0c\u90a3\u4e48 xStocks \u7684\u903b\u8f91\u66f4\u50cf\u662f“\u8d44\u4ea7\u4e0a\u94fe”\u3002<\/p>\n3. StableStocks\uff1a\u4ee3\u7406\u6301\u80a1 + B2C + \u5e73\u53f0\u5185\u7ec4\u5408\u673a\u5236<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\uff1a<\/strong> StableStocks \u91c7\u53d6\u4e86\u4e00\u79cd\u72ec\u7279\u7684“\u4ee3\u7406\u6301\u80a1 + \u53d7\u76ca\u4eba”\u6a21\u5f0f\u3002\u5e73\u53f0\u901a\u8fc7\u8bbe\u7acb\u4e13\u95e8\u7684 SPV\uff0c\u5e76\u4e0e\u6301\u724c\u8bc1\u5238\u5546\uff08\u4f8b\u5982\u6fb3\u6d32\u7684 HABIT TRADE\uff09\u5408\u4f5c\u5f00\u8bbe\u673a\u6784\u8d26\u6237\uff0c\u5b9e\u9645\u4e70\u5165\u5e76\u6258\u7ba1\u80a1\u7968\u3002\u6700\u7ec8\u6295\u8d44\u8005\u5e76\u4e0d\u76f4\u63a5\u6301\u80a1\uff0c\u800c\u662f\u4f5c\u4e3a\u53d7\u76ca\u4eba\u4eab\u6709\u5bf9\u5e94\u6743\u76ca\u3002\u8fd9\u79cd\u5b89\u6392\u8ba9 StableStocks \u5728\u4e0d\u76f4\u63a5\u6301\u6709\u5b8c\u6574\u5238\u5546\u724c\u7167\u7684\u60c5\u51b5\u4e0b\uff0c\u4ecd\u7136\u80fd\u4f9d\u6258\u5408\u4f5c\u65b9\u7684\u5408\u89c4\u4f53\u7cfb\u6765\u8fd0\u4f5c\uff0c\u517c\u987e\u5408\u89c4\u6027\u4e0e\u7075\u6d3b\u6027\u3002<\/li>\n
- \u5546\u4e1a\u6a21\u5f0f\uff1a<\/strong> StableStocks \u7684\u5b9a\u4f4d\u662f\u5178\u578b\u7684 B2C \u6a21\u5f0f<\/strong>\uff0c\u5b83\u628a\u5165\u91d1\u3001\u4ea4\u6613\u3001\u6258\u7ba1\u3001\u884d\u751f\u73a9\u6cd5\u5168\u90e8\u6253\u5305\u5728\u81ea\u6709\u5e73\u53f0\u4e2d\u3002\u4e0e\u4e00\u4e9b\u8d70 B2B2C \u7684\u65b9\u6848\u4e0d\u540c\uff0cStableStocks \u66f4\u503e\u5411\u4e8e\u81ea\u5df1\u76f4\u63a5\u670d\u52a1\u7ec8\u7aef\u7528\u6237\u3002\u5728\u751f\u6001\u4e0a\uff0c\u5b83\u4e0e \u5e01\u5b89\u53ca BNB Chain<\/strong> \u7ed1\u5b9a\u7d27\u5bc6\u3002<\/li>\n
- \u53ef\u7ec4\u5408\u6027\uff1a<\/strong> StableStocks \u7684\u6838\u5fc3\u5dee\u5f02\u70b9\u5728\u4e8e\uff0c\u5b83\u6ca1\u6709\u8ffd\u6c42\u5b8c\u5168\u5f00\u653e\u7684\u5916\u90e8\u7ec4\u5408\u6027\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a \u5185\u90e8\u53ef\u7ec4\u5408\u7684\u95ed\u73af\u4f53\u7cfb<\/strong>\u3002\u7528\u6237\u6301\u6709\u7684\u80a1\u7968\u6743\u76ca\u4ee3\u5e01\uff0c\u53ef\u4ee5\u8fdb\u4e00\u6b65\u5b58\u5165\u5e73\u53f0\u7684 “StableVault”\uff0c\u518d\u94f8\u9020\u51fa\u5e26\u6536\u76ca\u5c5e\u6027\u7684 stStock\u3002\u8fd9\u662f\u4e00\u79cd“\u5e26\u56f4\u5899\u7684\u91d1\u878d\u6e38\u4e50\u573a”\u903b\u8f91——\u73a9\u6cd5\u6709\u9650\u5236\uff0c\u4f46\u4f53\u9a8c\u66f4\u53ef\u63a7\u3002<\/li>\n<\/ul>\n
\u4ece\u66f4\u7cfb\u7edf\u7684\u89d2\u5ea6\u6765\u770b\uff0cStableStocks \u7684\u6a21\u5f0f\u94fe\u8def\u53ef\u4ee5\u62c6\u89e3\u4e3a\u4e94\u4e2a\u5173\u952e\u73af\u8282\uff1a<\/p>\n
\n- \u80a1\u7968\u83b7\u53d6\u4e0e\u6765\u6e90<\/strong>\n
\n- \u6765\u81ea\u6301\u724c\u5238\u5546\u7684\u771f\u5b9e\u80a1\u7968\uff1a\n
\n- \u6fb3\u6d32 Habit Trade\uff08\u6301\u80a1 70%\uff09\u8d1f\u8d23\u7f8e\u80a1\u6e20\u9053<\/li>\n<\/ul>\n<\/li>\n
- \u4f20\u7edf\u94f6\u884c\uff08\u5982\u6fb3\u65b0\u3001\u661f\u5c55\uff09\u5219\u63d0\u4f9b\u6cd5\u5e01\u7ed3\u7b97\u548c\u8d44\u91d1\u901a\u9053\u652f\u6301\u3002<\/li>\n
- \u80a1\u7968\u6765\u6e90\u771f\u5b9e\uff0c\u4e0d\u662f\u5408\u6210\u8d44\u4ea7\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7ed3\u7b97\u4e0e\u6258\u7ba1\u673a\u5236<\/strong>\n
\n- \u80a1\u7968\u7531 SPV \u7edf\u4e00\u6258\u7ba1\uff0c\u9694\u79bb\u98ce\u9669\uff1b<\/li>\n
- \u4e0e\u7eb3\u65af\u8fbe\u514b\u7684\u6e05\u7b97\u5546\u5408\u4f5c\uff0c\u4fdd\u8bc1\u5e95\u5c42\u8d44\u4ea7\u6d41\u8f6c\u5408\u89c4\u3001\u7a33\u5b9a\u3002<\/li>\n
- \u786e\u4fdd 1:1 \u5bf9\u5e94\u5173\u7cfb\uff0c\u964d\u4f4e\u5bf9\u624b\u65b9\u8fdd\u7ea6\u98ce\u9669\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u4ee3\u5e01\u5316\u4e0e\u4e0a\u94fe\u53d1\u884c<\/strong>\n
\n- StableStocks \u5c06\u6258\u7ba1\u80a1\u7968\u6620\u5c04\u6210 \u80a1\u7968\u4ee3\u5e01<\/strong>\uff1b<\/li>\n
- \u4ee3\u5e01\u53d1\u884c\u8fd0\u884c\u5728 BNB Chain<\/strong> \u4e0a\uff0c\u83b7\u5f97\u5e01\u5b89\u94b1\u5305\u548c\u4ea4\u6613\u751f\u6001\u652f\u6301\uff1b<\/li>\n
- \u6bcf\u4e2a\u4ee3\u5e01\u80cc\u540e\u90fd\u6709\u5b9e\u9645\u8d44\u4ea7\u652f\u6491\uff0c\u5c5e\u4e8e\u6807\u51c6\u7684 \u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01<\/strong>\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7a33\u5b9a\u5e01\u4e0e\u5e01\u5708\u5165\u53e3<\/strong>\n
\n- \u4e0e Coinbase<\/strong> \u7684\u7a33\u5b9a\u5e01\u901a\u9053\u5bf9\u63a5\uff0c\u7528\u6237\u53ef\u4ee5\u7528 USDC \u76f4\u63a5\u5151\u6362\u80a1\u7968\u4ee3\u5e01\uff1b<\/li>\n
- \u89e3\u51b3\u4e86\u6cd5\u5e01\u7528\u6237\u4e0e\u52a0\u5bc6\u7528\u6237\u4e4b\u95f4\u7684\u8d44\u91d1\u8f6c\u6362\u58c1\u5792\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7528\u6237\u7aef\u4f7f\u7528\u4e0e\u6269\u5c55<\/strong>\n
\n- \u80a1\u7968\u4ee3\u5e01\u53ef\u5728 Binance \u94b1\u5305\u6301\u6709\u3001\u4ea4\u6613\uff1b<\/li>\n
- \u9664\u4e86\u6295\u8d44\u672c\u8eab\uff0c\u8fd8\u80fd\u88ab\u5d4c\u5165 StableStocks \u81ea\u5efa\u7684 DeFi \u6a21\u5757\uff08\u8d28\u62bc\u3001\u6536\u76ca\u589e\u5f3a\uff09\u3002<\/li>\n
- \u7528\u6237\u4f53\u9a8c\u4e0a\u66f4\u63a5\u8fd1 “Robinhood + DeFi-lite” \u7684\u7ed3\u5408\u4f53\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
StableStocks \u8d70\u7684\u662f“\u4e2d\u95f4\u9053\u8def”——\u65e2\u4e0d\u50cf Robinhood \u90a3\u6837\u5c01\u95ed\u5230\u53ea\u6709\u4ea4\u6613\uff0c\u53c8\u4e0d\u50cf xStocks \u90a3\u6837\u5b8c\u5168\u5f00\u653e\u5230\u4e0e\u6574\u4e2a DeFi \u4e50\u9ad8\u878d\u5408\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a\u534a\u5f00\u653e\u7684\u4f53\u7cfb\u3002\u5bf9\u4f20\u7edf\u91d1\u878d\u6295\u8d44\u8005\uff0c\u5b83\u63d0\u4f9b\u4e86\u65b0\u7684\u8fdb\u5165\u94fe\u4e0a\u5e02\u573a\u7684\u65b9\u5f0f\uff1b\u5bf9\u52a0\u5bc6\u7528\u6237\uff0c\u5b83\u63d0\u4f9b\u4e86\u63a5\u89e6\u7279\u65af\u62c9\u3001\u82f9\u679c\u3001\u9ea6\u5f53\u52b3\u7b49\u84dd\u7b79\u80a1\u7684\u4fbf\u6377\u5165\u53e3\u3002\u5176\u6838\u5fc3\u5356\u70b9\u662f:<\/p>\n
\n- \u5408\u89c4\uff1a\u501f\u7528\u6301\u724c\u5238\u5546\u4f53\u7cfb\uff1b<\/li>\n
- \u7a33\u5b9a\uff1a\u6e05\u7b97\u5546 + SPV \u6258\u7ba1\uff1b<\/li>\n
- \u6613\u7528\uff1aB2C \u95ed\u73af\uff1b<\/li>\n
- \u521b\u65b0\uff1a\u5185\u90e8\u53ef\u7ec4\u5408 DeFi-lite\u3002<\/li>\n<\/ul>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> StableStocks \u662f\u4e00\u6761\u4e2d\u95f4\u8def\u7ebf\uff0c\u5b83\u8bd5\u56fe\u5728 Robinhood \u7684\u5c01\u95ed\u6613\u7528\u548c xStocks \u7684\u5f00\u653e\u590d\u6742\u4e4b\u95f4\u627e\u5230\u5e73\u8861\u3002\u5b83\u8d4c\u7684\u662f\uff0c\u7528\u6237\u60f3\u8981\u7684\u662f“DeFi-lite”\u7684\u4f53\u9a8c——\u65e2\u80fd\u4eab\u53d7 DeFi \u5e26\u6765\u7684\u6536\u76ca\u589e\u5f3a\uff0c\u53c8\u4e0d\u5fc5\u627f\u62c5\u5f00\u653e DeFi \u7684\u5168\u90e8\u98ce\u9669\u548c\u590d\u6742\u6027\u3002<\/p>\n\u4e09\u89d2\u5bf9\u6bd4\uff1aStableStocks vs xStocks vs Robinhood<\/strong><\/p>\n![\"\"](\"https:\/\/static.aicoinstorge.com\/attachment\/article\/20250821\/175575606018771.jpg\")
<\/p>\n
\u56db\u3001\u96be\u4ee5\u903e\u8d8a\u7684\u7ed3\u6784\u6027\u969c\u788d<\/strong><\/h3>\n\u5c3d\u7ba1\u6a21\u5f0f\u5404\u5f02\uff0c\u4f46\u73b0\u9636\u6bb5\u6240\u6709\u7684\u80a1\u7968\u4ee3\u5e01\u5316\u65b9\u6848\u90fd\u9762\u4e34\u7740\u51e0\u4e2a\u5171\u540c\u7684\u3001\u77ed\u671f\u5185\u96be\u4ee5\u89e3\u51b3\u7684\u7ed3\u6784\u6027\u969c\u788d\uff1a<\/p>\n
\n- \u4ef7\u503c\u4e3b\u5f20\u4e0e\u5b9e\u9645\u6d41\u52a8\u6027\u7684\u77db\u76fe:<\/strong> \u5f53\u524d\u6240\u6709\u5e73\u53f0\u90fd\u9762\u4e34\u4e00\u4e2a\u7ecf\u5178\u7684“\u5148\u6709\u9e21\u8fd8\u662f\u5148\u6709\u86cb”\u7684\u56f0\u5883\u3002\u4e00\u65b9\u9762\uff0c\u5bf9\u4e8e\u5df2\u7ecf\u80fd\u591f\u4fbf\u6377\u4ea4\u6613\u7f8e\u80a1\u7684\u7528\u6237\u800c\u8a00\uff0c\u4ee3\u5e01\u5316\u80a1\u7968\u7684\u4ef7\u503c\u4e3b\u5f20\u6a21\u7cca\u4e0d\u6e05<\/strong>\u3002\u94fe\u4e0a\u4ea4\u6613\u4e0d\u4ec5\u672a\u80fd\u63d0\u4f9b\u66f4\u4f18\u7684\u8d39\u7387\uff0c\u53cd\u800c\u56e0\u4e3a\u6d41\u52a8\u6027\u532e\u4e4f\u800c\u5bfc\u81f4\u66f4\u9ad8\u7684\u4ea4\u6613\u6ed1\u70b9\uff0c\u4f53\u9a8c\u8fdc\u900a\u4e8e\u6210\u719f\u7684\u4e92\u8054\u7f51\u5238\u5546\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6b63\u662f\u56e0\u4e3a\u7f3a\u4e4f\u8db3\u591f\u5f3a\u5927\u7684\u4ef7\u503c\u4e3b\u5f20\u6765\u5438\u5f15\u5927\u89c4\u6a21\u7528\u6237\u548c\u8d44\u672c\u5165\u573a\uff0c\u94fe\u4e0a\u6d41\u52a8\u6027\u624d\u8fdf\u8fdf\u65e0\u6cd5\u6df1\u5316\uff0c\u5f62\u6210\u4e86\u4e00\u4e2a\u81ea\u6211\u5f3a\u5316\u7684\u8d1f\u53cd\u9988\u5faa\u73af\uff1a\u6ca1\u6709\u7528\u6237\u5c31\u6ca1\u6709\u6d41\u52a8\u6027\uff0c\u6ca1\u6709\u6d41\u52a8\u6027\u5c31\u66f4\u5438\u5f15\u4e0d\u6765\u7528\u6237<\/strong>\u3002\u9664\u975e\u80fd\u4e3a\u5b58\u91cf\u7528\u6237\u63d0\u4f9b\u4e0d\u53ef\u66ff\u4ee3\u7684\u5168\u65b0\u6548\u7528\uff0c\u5426\u5219\u5f88\u96be\u6253\u7834\u8fd9\u4e00\u50f5\u5c40\u3002<\/li>\n
- \u7ed3\u6784\u6027\u7f3a\u9677:<\/strong> \u76ee\u524d\u7684\u4ee3\u5e01\u5316\u80a1\u7968\u672c\u8d28\u4e0a\u53ea\u662f\u771f\u5b9e\u80a1\u7968\u7684“\u6570\u5b57\u5b6a\u751f”\uff0c\u4f46\u8fd9\u79cd\u590d\u5236\u5b58\u5728\u6839\u672c\u6027\u7f3a\u9677\u3002\u9996\u5148\uff0c24\/7 \u4ea4\u6613\u7684\u627f\u8bfa\u5f88\u5927\u7a0b\u5ea6\u4e0a\u662f\u865a\u5e7b\u7684<\/strong>\u3002\u5f53\u5e95\u5c42\u80a1\u7968\u5e02\u573a\uff08\u5982\u7eb3\u65af\u8fbe\u514b\uff09\u4f11\u5e02\u65f6\uff0c\u94fe\u4e0a\u505a\u5e02\u5546\u65e0\u6cd5\u5bf9\u51b2\u5176\u98ce\u9669\u655e\u53e3\uff0c\u53ea\u80fd\u901a\u8fc7\u6781\u7aef\u6269\u5927\u4ef7\u5dee\u6216\u76f4\u63a5\u64a4\u51fa\u6d41\u52a8\u6027\u7684\u65b9\u5f0f\u6765\u89c4\u907f\u98ce\u9669\uff0c\u8fd9\u4f7f\u5f97\u5468\u672b\u548c\u76d8\u540e\u4ea4\u6613\u7684\u6709\u6548\u6027\u5927\u6253\u6298\u6263\u3002\u5176\u6b21\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u5265\u79bb\u4e86\u5b8c\u6574\u7684\u80a1\u4e1c\u6743\u5229<\/strong>\u3002\u7528\u6237\u83b7\u5f97\u7684\u662f\u5bf9\u80a1\u7968\u7ecf\u6d4e\u4ef7\u503c\u7684\u7d22\u53d6\u6743\uff0c\u800c\u975e\u5305\u62ec\u6295\u7968\u6743\u5728\u5185\u7684\u5b8c\u6574\u6240\u6709\u6743\u3002<\/li>\n
- “\u53bb\u4e2d\u5fc3\u5316”\u5916\u8863\u4e0b\u7684\u4e2d\u5fc3\u5316\u98ce\u9669:<\/strong> \u5c3d\u7ba1\u8fd0\u884c\u5728\u53bb\u4e2d\u5fc3\u5316\u7684\u533a\u5757\u94fe\u4e0a\uff0c\u4f46\u8fd9\u4e9b RWA \u6a21\u578b\u7684\u4fe1\u4efb\u6839\u57fa\u5374\u9ad8\u5ea6\u96c6\u4e2d\u4e8e\u4e00\u7cfb\u5217\u94fe\u4e0b\u5b9e\u4f53\u3002\u65e0\u8bba\u662f\u53d1\u884c\u4ee3\u5e01\u7684 SPV\u3001\u8d1f\u8d23\u8d44\u4ea7\u6258\u7ba1\u7684\u7b2c\u4e09\u65b9\u94f6\u884c\u3001\u6267\u884c\u4ea4\u6613\u7684\u5408\u4f5c\u5238\u5546\uff0c\u8fd8\u662f\u8fde\u63a5\u6cd5\u5e01\u4e0e\u52a0\u5bc6\u4e16\u754c\u7684\u6865\u6881\uff0c\u6bcf\u4e00\u4e2a\u73af\u8282\u90fd\u662f\u4e00\u4e2a\u6f5c\u5728\u7684\u4e2d\u5fc3\u5316\u6545\u969c\u70b9<\/strong>\u3002\u8fd9\u4e9b\u4e2d\u5fc3\u5316\u5b9e\u4f53\u4e00\u65e6\u51fa\u73b0\u8fd0\u8425\u5931\u8d25\u3001\u6cd5\u5f8b\u7ea0\u7eb7\u3001\u751a\u81f3\u7834\u4ea7\u5012\u95ed\uff0c\u94fe\u4e0a\u7684\u4ee3\u5e01\u90fd\u53ef\u80fd\u77ac\u95f4\u4e27\u5931\u4ef7\u503c\u652f\u6491\u3002<\/li>\n
- DeFi \u53ef\u7ec4\u5408\u6027\u7684\u6f5c\u5728\u6096\u8bba:<\/strong> \u5bf9\u4e8e xStocks \u8fd9\u7c7b\u5f00\u653e\u5f0f\u6a21\u578b\u800c\u8a00\uff0c\u5176\u7ec8\u6781\u613f\u666f\u662f\u6210\u4e3a DeFi \u4e16\u754c\u7684“\u91d1\u94b1\u4e50\u9ad8”\u3002\u7136\u800c\uff0c\u8fd9\u79cd\u53ef\u7ec4\u5408\u6027\u9762\u4e34\u4e00\u4e2a\u4e25\u5cfb\u7684\u6096\u8bba\u3002\u4e00\u4e2a DeFi \u501f\u8d37\u534f\u8bae\u5728\u8003\u8651\u662f\u5426\u63a5\u53d7 TSLAx \u4f5c\u4e3a\u62b5\u62bc\u54c1\u65f6\uff0c\u4e0d\u4ec5\u8981\u8bc4\u4f30\u7279\u65af\u62c9\u80a1\u7968\u672c\u8eab\u7684\u4ef7\u683c\u6ce2\u52a8\u98ce\u9669\uff0c\u8fd8\u5fc5\u987b\u8bc4\u4f30\u5176\u4ee3\u5e01\u5316\u7ed3\u6784\u6240\u5e26\u6765\u7684\u5e73\u53f0\u98ce\u9669<\/strong>——\u5373\u53d1\u884c\u65b9 Backed Finance \u6216\u5176\u6258\u7ba1\u65b9\u8fdd\u7ea6\u7684\u98ce\u9669\u3002\u8fd9\u79cd“\u8d44\u4ea7\u98ce\u9669 + \u5e73\u53f0\u98ce\u9669”\u7684\u53cc\u91cd\u98ce\u9669\u655e\u53e3<\/strong>\uff0c\u4f7f\u5f97 DeFi \u534f\u8bae\u5728\u6574\u5408\u8fd9\u4e9b RWA \u8d44\u4ea7\u65f6\u6781\u4e3a\u8c28\u614e\u3002\u6b64\u5916\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u6a21\u7cca\u7684\u6cd5\u5f8b\u5730\u4f4d\u4e5f\u8ba9 DeFi \u534f\u8bae\u671b\u800c\u5374\u6b65\uff0c\u62c5\u5fc3\u4f1a\u56e0“\u975e\u6cd5\u7ecf\u8425\u8bc1\u5238\u4e1a\u52a1”\u800c\u62db\u81f4\u76d1\u7ba1\u6253\u51fb\u3002\u8fd9\u89e3\u91ca\u4e86\u4e3a\u4f55\u81f3\u4eca\u4ecd\u672a\u6709\u4e3b\u6d41 DeFi \u534f\u8bae\u5c06\u5b83\u4eec\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\uff0c\u5176\u901a\u5f80\u771f\u6b63\u53ef\u7ec4\u5408\u6027\u7684\u9053\u8def\u4f9d\u7136\u6f2b\u957f\u3002<\/li>\n<\/ul>\n
\u7ed3\u8bba\uff1a\u4e09\u79cd\u6a21\u5f0f\u8c01\u80fd\u8d62\u5f97\u672a\u6765\uff1f<\/strong><\/h3>\n\u8fd9\u573a\u7ade\u8d5b\u7684\u7ec8\u5c40\uff0c\u53ef\u80fd\u5e76\u975e\u53d6\u51b3\u4e8e\u8c01\u7684\u6cd5\u5f8b\u67b6\u6784\u66f4\u5de7\u5999\uff0c\u800c\u662f\u8c01\u80fd\u7387\u5148\u4e3a\u7528\u6237\u521b\u9020\u51fa\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ef7\u503c\u3002<\/p>\n
\n- Robinhood \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u89c4\u6a21\u5316<\/strong>\u3002\u5982\u679c\u5176\u76ee\u6807\u53ea\u662f\u5c06\u4e00\u4e2a\u719f\u6089\u7684\u8d44\u4ea7\u7c7b\u522b\uff0c\u7528\u4e00\u79cd\u65b0\u9896\u7684\u5f62\u5f0f\u63d0\u4f9b\u7ed9\u6570\u5343\u4e07\u73b0\u6709\u7528\u6237\uff0c\u90a3\u4e48\u5b83\u5f88\u53ef\u80fd\u5728\u7528\u6237\u6570\u91cf\u4e0a\u53d6\u80dc\u3002<\/li>\n
- xStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u751f\u6001\u5316<\/strong>\u3002\u5982\u679c“\u91d1\u878d\u4e50\u9ad8”\u7684\u53d9\u4e8b\u6210\u7acb\uff0c\u672a\u6765\u80fd\u6709\u5927\u91cf DeFi \u534f\u8bae\u5c06\u5176\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\u6216\u57fa\u7840\u8d44\u4ea7\uff0c\u6784\u5efa\u51fa\u94fe\u4e0a\u671f\u6743\u3001\u501f\u8d37\u548c\u7ed3\u6784\u5316\u4ea7\u54c1\uff0c\u90a3\u4e48\u5b83\u5c06\u8d62\u5f97 Web3 \u7684\u672a\u6765\u3002<\/li>\n
- StableStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u4f53\u9a8c\u5316<\/strong>\u3002\u5982\u679c\u5b83\u80fd\u8bc1\u660e“DeFi-lite”\u662f\u4e00\u4e2a\u771f\u5b9e\u5b58\u5728\u7684\u5e02\u573a\uff0c\u901a\u8fc7\u63d0\u4f9b\u4e00\u7ad9\u5f0f\u7684\u3001\u4f4e\u95e8\u69db\u7684“\u4ea4\u6613+\u6536\u76ca”\u4f53\u9a8c\uff0c\u5b83\u6216\u8bb8\u80fd\u5728\u4e3b\u6d41\u7528\u6237\u548c\u786c\u6838 DeFi \u7528\u6237\u4e4b\u95f4\u5f00\u8f9f\u51fa\u4e00\u7247\u84dd\u6d77\u3002<\/li>\n<\/ul>\n
\u5f52\u6839\u672c\u6e90\uff0c\u6240\u8c13\u7684“\u94fe\u4e0a\u7f8e\u80a1”\u4f9d\u65e7\u5904\u5728\u8bd5\u9a8c\u7530\u9636\u6bb5\uff0c\u76ee\u524d\u66f4\u50cf\u662f\u76d1\u7ba1\u7a7a\u9699\u4e0b\u7684\u4e00\u79cd\u91d1\u878d\u5305\u88c5\uff0c\u800c\u975e\u6210\u719f\u7684\u5e02\u573a\u5de5\u5177\u3002\u771f\u6b63\u80fd\u591f\u6539\u53d8\u6e38\u620f\u89c4\u5219\u7684\u8282\u70b9\uff0c\u4e0d\u5728\u4e8e\u8c01\u5148\u8dd1\u901a\u4e00\u4e2a\u6982\u5ff5\u9a8c\u8bc1\uff0c\u800c\u5728\u4e8e\u8c01\u80fd\u5728\u94fe\u4e0a\u4ea4\u4ed8\u96c6\u73b0\u8d27\u3001\u505a\u7a7a\u3001\u6760\u6746\u4e0e\u98ce\u9669\u7ba1\u7406\u4e8e\u4e00\u4f53\u7684\u5b8c\u6574\u4ea4\u6613\u4f53\u7cfb<\/strong>\u3002\u53ea\u6709\u5f53\u94fe\u4e0a\u80a1\u7968\u7684\u91d1\u878d\u53ef\u73a9\u6027\u548c\u529f\u80fd\u6027\u771f\u6b63\u6bd4\u80a9\u751a\u81f3\u8d85\u8d8a\u534e\u5c14\u8857\u7684\u8001\u724c\u5238\u5546\uff0c\u8fd9\u573a\u8f6c\u578b\u624d\u7b97\u8fdb\u5165\u5b9e\u8d28\u6027\u9636\u6bb5\u3002\u5c31\u5f53\u4e0b\u800c\u8a00\uff0c\u90a3\u4e9b\u5148\u884c\u8005\u4eec\u624d\u521a\u521a\u628a\u8f66\u8f6e\u538b\u4e0a\u8d5b\u9053\uff0c\u771f\u6b63\u7684\u7ade\u901f\u8fd8\u8fdc\u672a\u5f00\u59cb\u3002<\/p>\n\u672c\u6587\/\u535a\u5ba2\u4ec5\u4f9b\u53c2\u8003\uff0c\u4ee3\u8868\u4f5c\u8005\u7684\u4e2a\u4eba\u89c2\u70b9\uff0c\u5e76\u4e0d\u4ee3\u8868 Movemaker \u7684\u7acb\u573a\u3002\u672c\u6587\u65e0\u610f\u63d0\u4f9b\uff1a(i) \u6295\u8d44\u5efa\u8bae\u6216\u6295\u8d44\u63a8\u8350\uff1b(ii) \u8d2d\u4e70\u3001\u51fa\u552e\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u7684\u8981\u7ea6\u6216\u62db\u63fd\uff1b\u6216 (iii) \u8d22\u52a1\u3001\u4f1a\u8ba1\u3001\u6cd5\u5f8b\u6216\u7a0e\u52a1\u5efa\u8bae\u3002\u6301\u6709\u6570\u5b57\u8d44\u4ea7\uff0c\u5305\u62ec\u7a33\u5b9a\u5e01\u548c NFT\uff0c\u98ce\u9669\u6781\u9ad8\uff0c\u4ef7\u683c\u6ce2\u52a8\u8f83\u5927\uff0c\u751a\u81f3\u53ef\u80fd\u53d8\u5f97\u4e00\u6587\u4e0d\u503c\u3002\u60a8\u5e94\u6839\u636e\u81ea\u8eab\u7684\u8d22\u52a1\u72b6\u51b5\uff0c\u4ed4\u7ec6\u8003\u8651\u4ea4\u6613\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u662f\u5426\u9002\u5408\u60a8\u3002\u5982\u6709\u5177\u4f53\u60c5\u51b5\u65b9\u9762\u7684\u95ee\u9898\uff0c\u8bf7\u54a8\u8be2\u60a8\u7684\u6cd5\u5f8b\u3001\u7a0e\u52a1\u6216\u6295\u8d44\u987e\u95ee\u3002\u672c\u6587\u4e2d\u63d0\u4f9b\u7684\u4fe1\u606f\uff08\u5305\u62ec\u5e02\u573a\u6570\u636e\u548c\u7edf\u8ba1\u4fe1\u606f\uff0c\u82e5\u6709\uff09\u4ec5\u4f9b\u4e00\u822c\u53c2\u8003\u3002\u5728\u7f16\u5199\u8fd9\u4e9b\u6570\u636e\u548c\u56fe\u8868\u65f6\u5df2\u5c3d\u5408\u7406\u6ce8\u610f\uff0c\u4f46\u5bf9\u5176\u4e2d\u6240\u8868\u8fbe\u7684\u4efb\u4f55\u4e8b\u5b9e\u6027\u9519\u8bef\u6216\u9057\u6f0f\u6982\u4e0d\u8d1f\u8d23\u3002<\/p>\n
\u514d\u8d23\u58f0\u660e\uff1a\u672c\u6587\u7ae0\u4ec5\u4ee3\u8868\u4f5c\u8005\u4e2a\u4eba\u89c2\u70b9\uff0c\u4e0d\u4ee3\u8868\u672c\u5e73\u53f0\u7684\u7acb\u573a\u548c\u89c2\u70b9\u3002\u672c\u6587\u7ae0\u4ec5\u4f9b\u4fe1\u606f\u5206\u4eab\uff0c\u4e0d\u6784\u6210\u5bf9\u4efb\u4f55\u4eba\u7684\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\u3002\u7528\u6237\u4e0e\u4f5c\u8005\u4e4b\u95f4\u7684\u4efb\u4f55\u4e89\u8bae\uff0c\u4e0e\u672c\u5e73\u53f0\u65e0\u5173\u3002\u5982\u7f51\u9875\u4e2d\u520a\u8f7d\u7684\u6587\u7ae0\u6216\u56fe\u7247\u6d89\u53ca\u4fb5\u6743\uff0c\u8bf7\u63d0\u4f9b\u76f8\u5173\u7684\u6743\u5229\u8bc1\u660e\u548c\u8eab\u4efd\u8bc1\u660e\u53d1\u9001\u90ae\u4ef6\u5230support@aicoin.com\uff0c\u672c\u5e73\u53f0\u76f8\u5173\u5de5\u4f5c\u4eba\u5458\u5c06\u4f1a\u8fdb\u884c\u6838\u67e5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u4f5c\u8005\uff1a @BlazingKevin_ \uff0cthe Researcher at Movemaker \u5728\u7279\u6717\u666e\u53ef\u80fd\u5e26…<\/p>\n","protected":false},"author":2,"featured_media":2710,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4464"}],"version-history":[{"count":1,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions"}],"predecessor-version":[{"id":7096,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions\/7096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/media\/2710"}],"wp:attachment":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u4e8c\u3001\u5f53\u524d\u5e02\u573a\u683c\u5c40\u6982\u89c8<\/strong><\/h3>\n\u6839\u636e RWA.xyz \u7684\u6570\u636e\uff0c\u5f53\u524d\u80a1\u7968 RWA \u5e02\u573a\u7684\u603b\u53d1\u884c\u91cf\u7ea6\u4e3a 3.74 \u4ebf\u7f8e\u5143\uff0c\u4f46\u589e\u957f\u7f13\u6162\u3002\u5e02\u573a\u683c\u5c40\u5448\u73b0\u51fa\u788e\u7247\u5316\u7684\u7279\u5f81\uff1a<\/p>\n
\n- Exodus (EXOD):<\/strong> \u5e02\u503c\u6700\u5927\uff08\u7ea6 2.58 \u4ebf\u7f8e\u5143\uff09\uff0c\u4f46\u5176\u6a21\u5f0f\u66f4\u5177\u8c61\u5f81\u610f\u4e49\u3002\u7528\u6237\u53ef\u5c06\u7ebd\u4ea4\u6240\u4e0a\u5e02\u7684 EXOD \u80a1\u7968\u8fc1\u79fb\u81f3 Algorand \u94fe\u4e0a\uff0c\u4f46\u8fd9\u4ec5\u4ec5\u662f\u4e00\u4e2a“\u6570\u5b57\u5206\u8eab”\uff0c\u4e0d\u5305\u542b\u4efb\u4f55\u94fe\u4e0a\u6743\u5229\uff0c\u4e5f\u65e0\u6cd5\u5728\u94fe\u4e0a\u4ea4\u6613\u6d41\u901a\u3002<\/li>\n
- Dinari:<\/strong> \u8fd9\u662f\u5408\u89c4\u63a2\u7d22\u7684\u5178\u8303\u3002\u516c\u53f8\u6ce8\u518c\u4e8e\u7f8e\u56fd\uff0c\u5e76\u83b7\u5f97\u4e86\u5b9d\u8d35\u7684\u5238\u5546-\u4ea4\u6613\u5546\u724c\u7167\u3002\u7136\u800c\uff0c\u4e3a\u4e86\u6ee1\u8db3\u4e25\u683c\u7684\u76d1\u7ba1\uff0c\u5176\u53d1\u884c\u7684 dShares \u65e0\u6cd5\u5728\u94fe\u4e0a\u81ea\u7531\u4ea4\u6613\uff0c\u6240\u6709\u4e70\u5356\u90fd\u5fc5\u987b\u901a\u8fc7\u5176\u5b98\u7f51\u5728\u7f8e\u80a1\u4ea4\u6613\u65f6\u6bb5\u8fdb\u884c\u3002\u8fd9\u4f7f\u5176\u4ea7\u54c1\u4f53\u9a8c\u4e0e\u5bcc\u9014\u7b49\u4f20\u7edf\u5238\u5546\u76f8\u6bd4\u5e76\u65e0\u4f18\u52bf\uff0c\u66f4\u50cf\u662f\u7528\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u5165\u91d1\u6e20\u9053\u7684\u4f20\u7edf\u5238\u5546\uff0c\u56e0\u6b64\u5e02\u573a\u89c4\u6a21\u4e00\u76f4\u53d7\u9650\u3002<\/li>\n
- Montis Group:<\/strong> Montis Group \u662f\u4e00\u5bb6\u4f4d\u4e8e\u82f1\u56fd\u7684\u6570\u5b57\u8d44\u4ea7\u53d1\u884c\u5546\uff0c\u5e02\u503c\u7ea6 5500 \u4e07\u7f8e\u5143\uff0c\u4e13\u6ce8\u4e8e\u5c06\u6b27\u6d32\u7684\u80a1\u7968\u548c\u503a\u5238\u7b49\u73b0\u5b9e\u8d44\u4ea7“\u4e0a\u94fe”\u3002\u7136\u800c\uff0c\u4e0e Exodus \u7684\u60c5\u51b5\u76f8\u4f3c\uff0cMontis \u76ee\u524d\u4e5f\u4ec5\u5b9e\u73b0\u4e86\u81ea\u5bb6\u80a1\u7968\u7684\u4ee3\u5e01\u5316\uff0c\u5e76\u4e14\u8fd9\u4e9b\u4ee3\u5e01\u65e0\u6cd5\u5728\u94fe\u4e0a\u81ea\u7531\u4ea4\u6613\u3002\u5bf9\u4e8e\u5bfb\u6c42\u6d41\u52a8\u6027\u548c\u53ef\u7ec4\u5408\u6027\u7684 Web3 \u6295\u8d44\u8005\u800c\u8a00\uff0c\u8fd9\u79cd\u6a21\u5f0f\u5728\u73b0\u9636\u6bb5\u7684\u5b9e\u9645\u610f\u4e49\u4e0d\u5927\u3002<\/li>\n<\/ul>\n
\u6b63\u662f\u5728\u8fd9\u6837\u7684\u80cc\u666f\u4e0b\uff0cRobinhood\u3001xStocks \u548c StableStocks \u7684\u5165\u573a\uff0c\u4e3a\u5e02\u573a\u5e26\u6765\u4e86\u4e09\u79cd\u66f4\u5177\u60f3\u8c61\u529b\u7684\u8303\u5f0f\u3002<\/p>\n
\u4e09\u3001\u4e09\u9a7e\u9a6c\u8f66——\u4e09\u79cd\u6a21\u5f0f\u7684\u6df1\u5ea6\u89e3\u6784<\/strong><\/h3>\n\u6211\u4eec\u5c06\u4ece\u6cd5\u5f8b\u5185\u6838<\/strong>\u3001\u5546\u4e1a\u6a21\u5f0f<\/strong>\u548c\u53ef\u7ec4\u5408\u6027<\/strong>\u4e09\u4e2a\u7ef4\u5ea6\uff0c\u5bf9\u8fd9\u4e09\u5927\u73a9\u5bb6\u8fdb\u884c\u62c6\u89e3\u3002<\/p>\n1. Robinhood\uff1a\u884d\u751f\u54c1\u5408\u7ea6 + B2C + \u53d7\u63a7\u751f\u6001<\/strong><\/h4>\n\n- \n
\u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a\u5728\u5168\u7403\u8303\u56f4\u5185\u63a2\u7d22“\u52a0\u5bc6 + \u80a1\u7968”\u7ed3\u5408\u8def\u5f84\u7684\u516c\u53f8\u5e76\u4e0d\u7b97\u5c11\uff0c\u4f46 Robinhood \u7684\u505a\u6cd5\u5374\u663e\u5f97\u4e0e\u4f17\u4e0d\u540c\u3002\u5b83\u5e76\u6ca1\u6709\u9009\u62e9\u76f4\u63a5\u53d1\u884c\u4ee3\u8868\u80a1\u7968\u6240\u6709\u6743\u7684\u4ee3\u5e01\uff0c\u800c\u662f\u4ee5\u66f4\u7075\u6d3b\u7684\u65b9\u5f0f\u5207\u5165\u5e02\u573a\uff1a\u901a\u8fc7\u884d\u751f\u54c1\u7684\u8def\u5f84\u5b9e\u73b0\u5bf9\u6807\u7684\u8d44\u4ea7\u7684\u6620\u5c04\u3002\u5728\u6b27\u6d32\u4e0a\u7ebf\u7684\u4ea7\u54c1\uff0c\u672c\u8d28\u4e0a\u5e76\u975e\u8bc1\u5238\u4ea4\u6613\uff0c\u800c\u662f\u4f9d\u6258\u6b27\u76df MiFID II \u6846\u67b6<\/strong>\u53d1\u884c\u7684\u573a\u5916\u91d1\u878d\u5408\u7ea6\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u7528\u6237\u8d2d\u4e70\u7684\u5e76\u4e0d\u662f“\u80a1\u7968\u4ee3\u5e01”\uff0c\u800c\u662f\u4e00\u4efd\u53ef\u8ffd\u8e2a\u7279\u5b9a\u80a1\u4ef7\u6ce2\u52a8\u7684\u6570\u5b57\u51ed\u8bc1\u3002\u8fd9\u79cd\u6cd5\u5f8b\u8bbe\u8ba1\u8ba9 Robinhood \u907f\u5f00\u4e86\u7e41\u590d\u7684\u8bc1\u5238\u5408\u89c4\u58c1\u5792\uff0c\u4ee5\u6700\u4f4e\u7684\u963b\u529b\u6253\u5f00\u4e86\u6d77\u5916\u5e02\u573a\u3002<\/p>\n<\/li>\n- \n
\u6280\u672f\u67b6\u6784\u4e0e“\u56f4\u5899\u82b1\u56ed”\uff1a<\/strong><\/p>\n\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u9009\u62e9\u4e0a\uff0cRobinhood \u501f\u52a9 Arbitrum<\/strong> \u4f5c\u4e3a\u843d\u5730\u7f51\u7edc\u3002\u4e0e\u4ee5\u592a\u574a\u4e3b\u7f51\u76f8\u6bd4\uff0c\u5b83\u83b7\u5f97\u4e86\u66f4\u9ad8\u7684\u6027\u80fd\u3001\u66f4\u4f4e\u7684\u4ea4\u6613\u6210\u672c\uff0c\u540c\u65f6\u8fd8\u80fd\u7ee7\u627f\u6210\u719f\u7684\u4ee5\u592a\u574a\u5b89\u5168\u6027\u3002\u5728\u77ed\u77ed\u51e0\u7f8e\u5143\u7684 Gas \u6210\u672c\u4e0b\u5c31\u5b8c\u6210\u4e86\u4e0a\u767e\u79cd\u4ee3\u5e01\u7684\u90e8\u7f72\uff0c\u6548\u7387\u4f18\u52bf\u4e00\u76ee\u4e86\u7136\u3002<\/li>\n
- \u6743\u9650\u63a7\u5236\uff1a<\/strong> \u4e0d\u8fc7\uff0c\u8fd9\u4e00\u4f53\u7cfb\u5e76\u975e\u5f00\u653e\u5f0f\u7684 DeFi \u4e50\u56ed\u3002\u667a\u80fd\u5408\u7ea6\u5185\u90e8\u5199\u5165\u4e86\u4e25\u683c\u7684 \u767d\u540d\u5355\u89c4\u5219<\/strong>\uff0c\u6240\u6709\u4ea4\u6613\u90fd\u9700\u8981\u9a8c\u8bc1\u63a5\u6536\u65b9\u662f\u5426\u901a\u8fc7\u4e86 Robinhood \u7684\u5408\u89c4\u8ba4\u8bc1\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u8fd9\u662f\u4e00\u4e2a\u5178\u578b\u7684“\u53d7\u63a7\u533a”\uff0c\u7528\u6237\u5fc5\u987b\u5b8c\u6210 KYC \u624d\u80fd\u8fdb\u5165\uff0c\u751f\u6001\u88ab Robinhood \u81ea\u5df1\u7262\u7262\u628a\u63a7\uff0c\u4e5f\u56e0\u6b64\u727a\u7272\u4e86\u4e0e\u5916\u90e8 DeFi \u4e16\u754c\u7684\u4e92\u901a\u6027\u3002<\/li>\n
- \u672a\u6765\u91ce\u5fc3\uff1a<\/strong> \u66f4\u8010\u4eba\u5bfb\u5473\u7684\u662f Robinhood \u7684\u4e0b\u4e00\u6b65\u68cb\u3002\u516c\u53f8\u6b63\u915d\u917f\u57fa\u4e8e Arbitrum \u6280\u672f\u6808\u63a8\u51fa\u81ea\u6709\u7684 Layer 2 \u7f51\u7edc——Robinhood Chain<\/strong>\u3002\u8fd9\u4e00\u52a8\u4f5c\u5e76\u4e0d\u4ec5\u4ec5\u662f\u964d\u4f4e\u6210\u672c\uff0c\u800c\u662f\u91ca\u653e\u51fa\u66f4\u5f3a\u70c8\u7684\u4fe1\u53f7\uff1aRobinhood \u60f3\u8981\u5728\u5e95\u5c42\u6280\u672f\u4e0a\u638c\u63e1\u4e3b\u52a8\u6743\uff0c\u4e3a\u672a\u6765\u5927\u89c4\u6a21\u7684 RWA\u6218\u7565\u63d0\u4f9b\u91cf\u8eab\u5b9a\u5236\u7684\u73af\u5883\u3002<\/li>\n<\/ul>\n<\/li>\n
- \n
\u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u5982\u679c\u628a\u8fd9\u5957\u6a21\u5f0f\u5355\u7eaf\u7406\u89e3\u4e3a“\u5c01\u95ed\u82b1\u56ed”\uff0c\u5176\u5b9e\u4f4e\u4f30\u4e86 Robinhood \u7684\u91ce\u5fc3\u3002CEO Vlad Tenev \u591a\u6b21\u63d0\u5230\u516c\u53f8\u7684\u613f\u666f\u662f“Capital as a Service”\uff08\u8d44\u672c\u5373\u670d\u52a1\uff09\u3002\u4ee3\u5e01\u5316\u5e76\u4e0d\u662f\u5671\u5934\uff0c\u800c\u662f Robinhood \u63a8\u8fdb\u91d1\u878d\u6c11\u4e3b\u5316\u7684\u91cd\u8981\u5de5\u5177\uff0c\u5c24\u5176\u9488\u5bf9\u90a3\u4e9b\u957f\u671f\u9501\u5728\u9ad8\u51c0\u503c\u4eba\u7fa4\u624b\u4e2d\u7684\u975e\u6d41\u52a8\u6027\u8d44\u4ea7\u3002\u60f3\u8c61\u4e00\u4e0b\uff0c\u5982\u679c\u666e\u901a\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u884d\u751f\u54c1\u4ee3\u5e01\u7684\u65b9\u5f0f\uff0c\u95f4\u63a5\u83b7\u5f97 SpaceX \u6216 OpenAI \u8fd9\u7c7b\u672a\u4e0a\u5e02\u5de8\u5934\u7684\u80a1\u6743\u655e\u53e3\uff0c\u8d44\u672c\u5e02\u573a\u7684\u6743\u529b\u7ed3\u6784\u5c06\u88ab\u91cd\u65b0\u6d17\u724c\u3002<\/p>\n\u5f53\u7136\uff0c\u73b0\u5b9e\u5e76\u4e0d\u5b8c\u5168\u4e50\u89c2\u3002\u9876\u7ea7\u79c1\u52df\u516c\u53f8\u5f80\u5f80\u8d44\u91d1\u4e0d\u7f3a\uff0c\u56e0\u6b64\u51e0\u4e4e\u4e0d\u53ef\u80fd\u4e3b\u52a8“\u9080\u8bf7\u6563\u6237\u8fdb\u5165”\u3002\u8fd9\u610f\u5473\u7740\u4ee3\u5e01\u5316\u65b9\u6848\u5fc5\u987b\u7ed5\u8fc7\u4f20\u7edf\u53d1\u884c\u903b\u8f91\uff0c\u624d\u80fd\u89e6\u53ca\u666e\u901a\u6295\u8d44\u8005\u3002\u4f46\u8fd9\u79cd\u6a21\u5f0f\u4e5f\u6697\u85cf\u98ce\u9669\uff1aRobinhood \u5728\u63a8\u51fa OpenAI \u76f8\u5173\u4ee3\u5e01\u540e\uff0c\u516c\u53f8\u65b9\u9762\u7acb\u5373\u53d1\u8868\u58f0\u660e\u6f84\u6e05\u4e0e\u5176\u65e0\u5173\uff0c\u8fd9\u4e5f\u66b4\u9732\u51fa\u4e00\u4e2a\u95ee\u9898——\u884d\u751f\u54c1\u6a21\u5f0f\u5728\u4fe1\u606f\u900f\u660e\u548c\u6295\u8d44\u8005\u7406\u89e3\u5c42\u9762\u53ef\u80fd\u5b58\u5728\u5de8\u5927\u9e3f\u6c9f\u3002<\/p>\n
\u5982\u679c\u4e0e\u5176\u4ed6\u5e73\u53f0\u505a\u4e2a\u5bf9\u6bd4\uff0cRobinhood \u7684\u5207\u53e3\u4e0e\u4f20\u7edf\u7684\u94fe\u4e0a\u8bc1\u5238\u5c1d\u8bd5\uff08\u5982 Synthetix \u7684\u5408\u6210\u8d44\u4ea7\uff0c\u6216 Polymarket \u7684\u9884\u6d4b\u5e02\u573a\uff09\u4e0d\u540c\u3002\u5b83\u5e76\u4e0d\u662f\u5f3a\u8c03 DeFi \u7684\u5b8c\u5168\u5f00\u653e\u6027\uff0c\u800c\u662f\u901a\u8fc7“\u5f3a\u5408\u89c4 + \u9ad8\u7528\u6237\u4f53\u9a8c”\u7684\u7ec4\u5408\u6765\u62a2\u5360\u5e02\u573a\u3002\u5176\u903b\u8f91\u66f4\u50cf\u662f\u91d1\u878d\u79d1\u6280\u5e73\u53f0\u7684\u5ef6\u4f38\uff0c\u800c\u975e\u5f7b\u5e95\u7684\u94fe\u4e0a\u539f\u6559\u65e8\u4e3b\u4e49\u3002<\/p>\n
\u5982\u679c\u76d1\u7ba1\u9ed8\u8bb8\u751a\u81f3\u9010\u6b65\u63a5\u53d7<\/strong>\uff0cRobinhood \u5c06\u7387\u5148\u5efa\u7acb\u8d77\u8986\u76d6\u6563\u6237\u3001\u5408\u89c4\u548c RWA \u7684\u8d85\u7ea7\u5165\u53e3\uff0c\u751a\u81f3\u53ef\u80fd\u6210\u4e3a\u6b27\u7f8e\u6563\u6237\u8fdb\u5165\u4ee3\u5e01\u5316\u91d1\u878d\u7684\u7b2c\u4e00\u7ad9\u3002<\/p>\n<\/li>\n<\/ul>\n\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> Robinhood \u7684\u5c1d\u8bd5\u5e76\u975e\u5355\u7eaf\u7684“\u628a\u80a1\u7968\u642c\u4e0a\u533a\u5757\u94fe”\uff0c\u800c\u662f\u4e00\u6b21\u5229\u7528\u52a0\u5bc6\u6280\u672f\u91cd\u5851\u4f20\u7edf\u884d\u751f\u54c1\u5206\u53d1\u6a21\u5f0f\u7684\u5b9e\u9a8c\u3002\u5b83\u7528\u533a\u5757\u94fe\u6765\u63d0\u5347\u4ea7\u54c1\u4ea4\u4ed8\u548c\u5408\u89c4\u6548\u7387\uff0c\u76ee\u6807\u8fdc\u8d85\u52a0\u5bc6\u5708\u672c\u8eab\uff0c\u771f\u6b63\u6307\u5411\u7684\u662f\u6574\u4e2a\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u65b0\u5b9a\u4e49\u3002<\/p>\n2. xStocks \uff1a\u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01 + B2B2C + \u5b8c\u5168\u53ef\u7ec4\u5408\u6027<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a<\/strong> \u5728\u4ee3\u5e01\u5316\u80a1\u7968\u8d5b\u9053\u4e0a\uff0cxStocks \u7684\u5b9a\u4f4d\u9887\u4e3a\u72ec\u7279\u3002\u4e0e\u4e00\u4e9b\u53ea\u63d0\u4f9b\u4ef7\u683c\u6620\u5c04\u7684\u884d\u751f\u54c1\u5e73\u53f0\u4e0d\u540c\uff0c\u5b83\u8d70\u7684\u662f\u5b9e\u7269\u8d44\u4ea7\u5b8c\u5168\u6620\u5c04<\/strong>\u7684\u9053\u8def\u3002\u6574\u4e2a\u67b6\u6784\u7531\u745e\u58eb\u5408\u89c4\u56e2\u961f Backed Finance \u6253\u9020\uff0c\u9075\u5faa\u745e\u58eb\u7684 DLT \u6cd5\u5f8b\u6846\u67b6<\/strong>\uff0c\u5e76\u901a\u8fc7\u5728\u5217\u652f\u6566\u58eb\u767b\u8bbe\u7acb\u7684\u7279\u6b8a\u76ee\u7684\u8f7d\u4f53\uff08SPV\uff09\u6765\u6258\u7ba1\u771f\u5b9e\u80a1\u7968\u3002\u8fd9\u4e2a SPV \u53ea\u8d1f\u8d23\u4e00\u4ef6\u4e8b——\u6301\u6709\u5e95\u5c42\u8d44\u4ea7\u672c\u8eab\uff0c\u5e76\u5728\u6cd5\u5f8b\u4e0a\u4e0e\u53d1\u884c\u4e3b\u4f53\u548c\u4ea4\u6613\u5e73\u53f0\u5b8c\u5168\u9694\u79bb\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u5373\u4fbf\u8fd0\u8425\u65b9\u51fa\u73b0\u95ee\u9898\uff0c\u6295\u8d44\u8005\u6743\u76ca\u4e5f\u80fd\u88ab\u72ec\u7acb\u4fdd\u62a4\u3002\u6295\u8d44\u8005\u62ff\u5230\u7684\u4e0d\u662f\u4e00\u5f20“\u5408\u7ea6\u7eb8”\uff0c\u800c\u662f\u5bf9\u5e94\u4e8e\u771f\u5b9e\u8d44\u4ea7\u7684\u4f18\u5148\u62c5\u4fdd\u503a\u6743\u51ed\u8bc1\u3002<\/li>\n
- \u6280\u672f\u67b6\u6784\u4e0e\u900f\u660e\u5ea6\uff1a<\/strong>\n
\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u5c42\u9762\uff0cxStocks \u5c06\u4ee3\u5e01\u53d1\u884c\u653e\u5728 Solana<\/strong> \u4e0a\u3002\u539f\u56e0\u4e0d\u96be\u7406\u89e3\uff1a\u9ad8\u901f\u541e\u5410\u3001\u4f4e\u6210\u672c\u3001\u786e\u8ba4\u5ef6\u8fdf\u6781\u4f4e\uff0c\u8fd9\u4e9b\u7279\u6027\u5929\u7136\u9002\u5408\u9891\u7e41\u4ea4\u6613\u548c DeFi \u7ec4\u5408\u73a9\u6cd5\u3002<\/li>\n
- \u900f\u660e\u5ea6\u57fa\u77f3\uff1a<\/strong> \u4e3a\u4e86\u8ba9\u6295\u8d44\u8005\u4fe1\u4efb\u5176\u4ee3\u5e01\u786e\u5b9e\u6709\u771f\u5b9e\u50a8\u5907\u652f\u6301\uff0cxStocks \u5f15\u5165\u4e86 Chainlink \u7684\u50a8\u5907\u91d1\u8bc1\u660e<\/strong>\uff0c\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u968f\u65f6\u94fe\u4e0a\u9a8c\u8bc1\u50a8\u5907\u60c5\u51b5\uff0c\u8fd9\u8ba9\u5176“\u8d44\u4ea7\u4ee3\u5e01”\u591a\u4e86\u4e00\u5c42\u900f\u660e\u5ea6\u80cc\u4e66\u3002<\/li>\n
- \u5f00\u653e\u5f0f\u5408\u7ea6\uff1a<\/strong> \u53e6\u4e00\u65b9\u9762\uff0c\u4f5c\u4e3a\u6807\u51c6\u7684 SPL \u4ee3\u5e01\uff0cxStocks \u4ee3\u5e01\u80fd\u591f\u5728 Solana \u4e0a\u81ea\u7531\u6d41\u901a\uff0c\u4e0e Jupiter\u3001Kamino \u7b49\u539f\u751f DeFi \u534f\u8bae\u8f7b\u677e\u6253\u901a\uff0c\u5177\u5907\u5b8c\u5168\u53ef\u7ec4\u5408\u6027\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u4ece\u5546\u4e1a\u8def\u5f84\u4e0a\u770b\uff0cxStocks \u5e76\u4e0d\u662f\u76f4\u63a5\u9762\u5411 C \u7aef\u7684\u95ed\u73af\uff0c\u800c\u662f\u91c7\u7528 B2B2C \u7684\u5206\u9500\u903b\u8f91<\/strong>\u3002\u4e00\u7ea7\u5e02\u573a\u7684\u4ee3\u5e01\u7533\u8d4e\u7531 Backed Finance \u9762\u5411\u673a\u6784\u5b8c\u6210\uff0c\u800c\u4e8c\u7ea7\u5e02\u573a\u7684\u4ea4\u6613\u5219\u4f9d\u6258\u4e8e Kraken\u3001Bybit \u7b49\u4ea4\u6613\u6240\u3002\u8fd9\u6837\u4e00\u6765\uff0c\u5b83\u65e2\u80fd\u5438\u5f15\u4e13\u4e1a\u673a\u6784\uff0c\u53c8\u80fd\u901a\u8fc7\u6210\u719f\u4ea4\u6613\u6240\u89e6\u8fbe\u5927\u91cf\u6563\u6237\uff0c\u6700\u7ec8\u5728\u5f00\u653e\u7684\u751f\u6001\u91cc\u91ca\u653e\u6d41\u52a8\u6027\u3002\u6570\u636e\u5df2\u7ecf\u8bc1\u660e\u4e86\u8fd9\u79cd\u6a21\u5f0f\u7684\u6f5c\u529b\uff1a\u5728\u83b7\u5f97\u4e3b\u6d41\u5e73\u53f0\u652f\u6301\u540e\uff0c\u5176\u5355\u65e5\u4ea4\u6613\u91cf\u4e00\u5ea6\u7a81\u7834 600 \u4e07\u7f8e\u5143\u3002\u66f4\u957f\u8fdc\u7684\u613f\u666f\u662f\u628a\u8fd9\u5957\u6a21\u5f0f\u53d1\u5c55\u4e3a“\u4ee3\u5e01\u5316\u5373\u670d\u52a1”\uff0c\u4e3a\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u6807\u51c6\u5316\u7684\u8d44\u4ea7\u4e0a\u94fe\u5de5\u5177\u3002<\/li>\n<\/ul>\n
xStocks \u7684\u6253\u6cd5\u4e0e Robinhood \u5f62\u6210\u4e86\u9c9c\u660e\u5bf9\u7167\u3002Robinhood \u7684\u6a21\u5f0f\u66f4\u50cf\u662f“\u91d1\u878d\u884d\u751f\u54c1\u6570\u5b57\u5316”\uff0c\u4f9d\u9760\u53d7\u63a7\u767d\u540d\u5355\u673a\u5236\u9501\u4f4f\u7528\u6237\uff1b\u800c xStocks \u5219\u662f\u771f\u5b9e\u8d44\u4ea7\u4e0a\u94fe\uff0c\u5e76\u4fdd\u6301\u4e0e DeFi \u7684\u5b8c\u5168\u4e92\u64cd\u4f5c\u3002\u8fd9\u610f\u5473\u7740\u5b83\u5929\u7136\u66f4\u5951\u5408 Web3 \u7684“\u5f00\u653e\u4e50\u9ad8”\u53d9\u4e8b\uff0c\u4f46\u540c\u65f6\u4e5f\u9700\u8981\u627f\u62c5\u5f00\u653e\u73af\u5883\u4e0b\u7684\u76d1\u7ba1\u7070\u8272\u5730\u5e26\u548c\u98ce\u9669\u5916\u6ea2\u95ee\u9898\u3002<\/p>\n
\u8fd9\u79cd\u6a21\u5f0f\u80fd\u5426\u8d70\u901a\uff0c\u53d6\u51b3\u4e8e\u4e24\u70b9\uff1a<\/code><\/p>\n1. \u80fd\u5426\u771f\u6b63\u5efa\u7acb\u6df1\u5ea6\u6d41\u52a8\u6027<\/strong>\u3002\u5982\u679c\u4ee3\u5e01\u5316\u8d44\u4ea7\u53ea\u662f\u5355\u5411\u53d1\u884c\uff0c\u7f3a\u4e4f\u8db3\u591f\u7684\u4ea4\u6613\u5bf9\u624b\u65b9\u548c\u5957\u5229\u673a\u5236\uff0c\u90a3\u4e48\u5b83\u7684\u5e02\u573a\u610f\u4e49\u5c06\u975e\u5e38\u6709\u9650\u3002<\/code><\/p>\n2. \u80fd\u5426\u8d62\u5f97\u957f\u671f\u76d1\u7ba1\u5bb9\u5fcd\u5ea6\u3002<\/strong>\u5f53\u524d SPV \u67b6\u6784\u5728\u6cd5\u5f8b\u4e0a\u5df2\u7ecf\u5b9e\u73b0\u9694\u79bb\uff0c\u4f46\u672a\u6765\u5404\u56fd\u5bf9“\u4ee3\u5e01\u5316\u8bc1\u5238”\u7684\u8ba4\u5b9a\u5c1a\u672a\u7edf\u4e00\u3002\u4e00\u65e6\u51fa\u73b0\u76d1\u7ba1\u51b2\u7a81\uff0c\u751f\u6001\u53ef\u80fd\u906d\u9047\u91cd\u5927\u6ce2\u52a8\u3002<\/code><\/p>\n<\/pre>\n\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cxStocks \u7684\u6a21\u5f0f\u53ef\u80fd\u4f1a\u542f\u53d1\u66f4\u5e7f\u6cdb\u7684\u5e94\u7528\u573a\u666f\u3002\u4f8b\u5982\uff0c\u5b83\u4e3a\u7a33\u5b9a\u5e01\u4e4b\u5916\u7684“\u8d44\u4ea7\u80cc\u4e66\u578b\u4ee3\u5e01”\u63d0\u4f9b\u4e86\u4e00\u79cd\u53ef\u590d\u5236\u7684\u8303\u5f0f\uff0c\u5c24\u5176\u9002\u7528\u4e8e\u503a\u5238\u3001ETF\u3001\u751a\u81f3\u827a\u672f\u54c1\u57fa\u91d1\u7684\u4ee3\u5e01\u5316\u3002\u4e0e\u5355\u4e00\u4ea4\u6613\u6240\u63a8\u51fa\u7684“\u53d7\u63a7\u4ee3\u5e01”\u4e0d\u540c\uff0c\u5b83\u5f3a\u8c03\u4e0e DeFi \u6a21\u5757\u7684\u81ea\u7531\u7ec4\u5408\u6027\uff0c\u8fd9\u4e3a\u6574\u4e2a\u52a0\u5bc6\u751f\u6001\u6ce8\u5165\u4e86\u65b0\u7684\u6d41\u52a8\u6027\u6765\u6e90\u3002<\/p>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> xStocks \u4e0d\u662f\u5728\u91cd\u5851\u4ea4\u6613\u6240\uff0c\u800c\u662f\u5728\u4e3a DeFi \u63d0\u4f9b\u65b0\u7684\u8d44\u4ea7\u5e95\u5c42\u3002\u5b83\u8bd5\u56fe\u628a\u4f20\u7edf\u91d1\u878d\u7684\u4ef7\u503c\u771f\u5b9e\u3001\u900f\u660e\u5730\u642c\u5230\u94fe\u4e0a\uff0c\u5e76\u901a\u8fc7\u5f00\u653e\u5f0f\u7ec4\u5408\u5851\u9020\u51fa\u65b0\u7684\u5e02\u573a\u751f\u6001\u3002\u5982\u679c\u8bf4 Robinhood \u7684\u65b9\u5411\u662f“\u4e1a\u52a1\u4e0a\u94fe”\uff0c\u90a3\u4e48 xStocks \u7684\u903b\u8f91\u66f4\u50cf\u662f“\u8d44\u4ea7\u4e0a\u94fe”\u3002<\/p>\n3. StableStocks\uff1a\u4ee3\u7406\u6301\u80a1 + B2C + \u5e73\u53f0\u5185\u7ec4\u5408\u673a\u5236<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\uff1a<\/strong> StableStocks \u91c7\u53d6\u4e86\u4e00\u79cd\u72ec\u7279\u7684“\u4ee3\u7406\u6301\u80a1 + \u53d7\u76ca\u4eba”\u6a21\u5f0f\u3002\u5e73\u53f0\u901a\u8fc7\u8bbe\u7acb\u4e13\u95e8\u7684 SPV\uff0c\u5e76\u4e0e\u6301\u724c\u8bc1\u5238\u5546\uff08\u4f8b\u5982\u6fb3\u6d32\u7684 HABIT TRADE\uff09\u5408\u4f5c\u5f00\u8bbe\u673a\u6784\u8d26\u6237\uff0c\u5b9e\u9645\u4e70\u5165\u5e76\u6258\u7ba1\u80a1\u7968\u3002\u6700\u7ec8\u6295\u8d44\u8005\u5e76\u4e0d\u76f4\u63a5\u6301\u80a1\uff0c\u800c\u662f\u4f5c\u4e3a\u53d7\u76ca\u4eba\u4eab\u6709\u5bf9\u5e94\u6743\u76ca\u3002\u8fd9\u79cd\u5b89\u6392\u8ba9 StableStocks \u5728\u4e0d\u76f4\u63a5\u6301\u6709\u5b8c\u6574\u5238\u5546\u724c\u7167\u7684\u60c5\u51b5\u4e0b\uff0c\u4ecd\u7136\u80fd\u4f9d\u6258\u5408\u4f5c\u65b9\u7684\u5408\u89c4\u4f53\u7cfb\u6765\u8fd0\u4f5c\uff0c\u517c\u987e\u5408\u89c4\u6027\u4e0e\u7075\u6d3b\u6027\u3002<\/li>\n
- \u5546\u4e1a\u6a21\u5f0f\uff1a<\/strong> StableStocks \u7684\u5b9a\u4f4d\u662f\u5178\u578b\u7684 B2C \u6a21\u5f0f<\/strong>\uff0c\u5b83\u628a\u5165\u91d1\u3001\u4ea4\u6613\u3001\u6258\u7ba1\u3001\u884d\u751f\u73a9\u6cd5\u5168\u90e8\u6253\u5305\u5728\u81ea\u6709\u5e73\u53f0\u4e2d\u3002\u4e0e\u4e00\u4e9b\u8d70 B2B2C \u7684\u65b9\u6848\u4e0d\u540c\uff0cStableStocks \u66f4\u503e\u5411\u4e8e\u81ea\u5df1\u76f4\u63a5\u670d\u52a1\u7ec8\u7aef\u7528\u6237\u3002\u5728\u751f\u6001\u4e0a\uff0c\u5b83\u4e0e \u5e01\u5b89\u53ca BNB Chain<\/strong> \u7ed1\u5b9a\u7d27\u5bc6\u3002<\/li>\n
- \u53ef\u7ec4\u5408\u6027\uff1a<\/strong> StableStocks \u7684\u6838\u5fc3\u5dee\u5f02\u70b9\u5728\u4e8e\uff0c\u5b83\u6ca1\u6709\u8ffd\u6c42\u5b8c\u5168\u5f00\u653e\u7684\u5916\u90e8\u7ec4\u5408\u6027\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a \u5185\u90e8\u53ef\u7ec4\u5408\u7684\u95ed\u73af\u4f53\u7cfb<\/strong>\u3002\u7528\u6237\u6301\u6709\u7684\u80a1\u7968\u6743\u76ca\u4ee3\u5e01\uff0c\u53ef\u4ee5\u8fdb\u4e00\u6b65\u5b58\u5165\u5e73\u53f0\u7684 “StableVault”\uff0c\u518d\u94f8\u9020\u51fa\u5e26\u6536\u76ca\u5c5e\u6027\u7684 stStock\u3002\u8fd9\u662f\u4e00\u79cd“\u5e26\u56f4\u5899\u7684\u91d1\u878d\u6e38\u4e50\u573a”\u903b\u8f91——\u73a9\u6cd5\u6709\u9650\u5236\uff0c\u4f46\u4f53\u9a8c\u66f4\u53ef\u63a7\u3002<\/li>\n<\/ul>\n
\u4ece\u66f4\u7cfb\u7edf\u7684\u89d2\u5ea6\u6765\u770b\uff0cStableStocks \u7684\u6a21\u5f0f\u94fe\u8def\u53ef\u4ee5\u62c6\u89e3\u4e3a\u4e94\u4e2a\u5173\u952e\u73af\u8282\uff1a<\/p>\n
\n- \u80a1\u7968\u83b7\u53d6\u4e0e\u6765\u6e90<\/strong>\n
\n- \u6765\u81ea\u6301\u724c\u5238\u5546\u7684\u771f\u5b9e\u80a1\u7968\uff1a\n
\n- \u6fb3\u6d32 Habit Trade\uff08\u6301\u80a1 70%\uff09\u8d1f\u8d23\u7f8e\u80a1\u6e20\u9053<\/li>\n<\/ul>\n<\/li>\n
- \u4f20\u7edf\u94f6\u884c\uff08\u5982\u6fb3\u65b0\u3001\u661f\u5c55\uff09\u5219\u63d0\u4f9b\u6cd5\u5e01\u7ed3\u7b97\u548c\u8d44\u91d1\u901a\u9053\u652f\u6301\u3002<\/li>\n
- \u80a1\u7968\u6765\u6e90\u771f\u5b9e\uff0c\u4e0d\u662f\u5408\u6210\u8d44\u4ea7\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7ed3\u7b97\u4e0e\u6258\u7ba1\u673a\u5236<\/strong>\n
\n- \u80a1\u7968\u7531 SPV \u7edf\u4e00\u6258\u7ba1\uff0c\u9694\u79bb\u98ce\u9669\uff1b<\/li>\n
- \u4e0e\u7eb3\u65af\u8fbe\u514b\u7684\u6e05\u7b97\u5546\u5408\u4f5c\uff0c\u4fdd\u8bc1\u5e95\u5c42\u8d44\u4ea7\u6d41\u8f6c\u5408\u89c4\u3001\u7a33\u5b9a\u3002<\/li>\n
- \u786e\u4fdd 1:1 \u5bf9\u5e94\u5173\u7cfb\uff0c\u964d\u4f4e\u5bf9\u624b\u65b9\u8fdd\u7ea6\u98ce\u9669\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u4ee3\u5e01\u5316\u4e0e\u4e0a\u94fe\u53d1\u884c<\/strong>\n
\n- StableStocks \u5c06\u6258\u7ba1\u80a1\u7968\u6620\u5c04\u6210 \u80a1\u7968\u4ee3\u5e01<\/strong>\uff1b<\/li>\n
- \u4ee3\u5e01\u53d1\u884c\u8fd0\u884c\u5728 BNB Chain<\/strong> \u4e0a\uff0c\u83b7\u5f97\u5e01\u5b89\u94b1\u5305\u548c\u4ea4\u6613\u751f\u6001\u652f\u6301\uff1b<\/li>\n
- \u6bcf\u4e2a\u4ee3\u5e01\u80cc\u540e\u90fd\u6709\u5b9e\u9645\u8d44\u4ea7\u652f\u6491\uff0c\u5c5e\u4e8e\u6807\u51c6\u7684 \u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01<\/strong>\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7a33\u5b9a\u5e01\u4e0e\u5e01\u5708\u5165\u53e3<\/strong>\n
\n- \u4e0e Coinbase<\/strong> \u7684\u7a33\u5b9a\u5e01\u901a\u9053\u5bf9\u63a5\uff0c\u7528\u6237\u53ef\u4ee5\u7528 USDC \u76f4\u63a5\u5151\u6362\u80a1\u7968\u4ee3\u5e01\uff1b<\/li>\n
- \u89e3\u51b3\u4e86\u6cd5\u5e01\u7528\u6237\u4e0e\u52a0\u5bc6\u7528\u6237\u4e4b\u95f4\u7684\u8d44\u91d1\u8f6c\u6362\u58c1\u5792\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7528\u6237\u7aef\u4f7f\u7528\u4e0e\u6269\u5c55<\/strong>\n
\n- \u80a1\u7968\u4ee3\u5e01\u53ef\u5728 Binance \u94b1\u5305\u6301\u6709\u3001\u4ea4\u6613\uff1b<\/li>\n
- \u9664\u4e86\u6295\u8d44\u672c\u8eab\uff0c\u8fd8\u80fd\u88ab\u5d4c\u5165 StableStocks \u81ea\u5efa\u7684 DeFi \u6a21\u5757\uff08\u8d28\u62bc\u3001\u6536\u76ca\u589e\u5f3a\uff09\u3002<\/li>\n
- \u7528\u6237\u4f53\u9a8c\u4e0a\u66f4\u63a5\u8fd1 “Robinhood + DeFi-lite” \u7684\u7ed3\u5408\u4f53\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
StableStocks \u8d70\u7684\u662f“\u4e2d\u95f4\u9053\u8def”——\u65e2\u4e0d\u50cf Robinhood \u90a3\u6837\u5c01\u95ed\u5230\u53ea\u6709\u4ea4\u6613\uff0c\u53c8\u4e0d\u50cf xStocks \u90a3\u6837\u5b8c\u5168\u5f00\u653e\u5230\u4e0e\u6574\u4e2a DeFi \u4e50\u9ad8\u878d\u5408\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a\u534a\u5f00\u653e\u7684\u4f53\u7cfb\u3002\u5bf9\u4f20\u7edf\u91d1\u878d\u6295\u8d44\u8005\uff0c\u5b83\u63d0\u4f9b\u4e86\u65b0\u7684\u8fdb\u5165\u94fe\u4e0a\u5e02\u573a\u7684\u65b9\u5f0f\uff1b\u5bf9\u52a0\u5bc6\u7528\u6237\uff0c\u5b83\u63d0\u4f9b\u4e86\u63a5\u89e6\u7279\u65af\u62c9\u3001\u82f9\u679c\u3001\u9ea6\u5f53\u52b3\u7b49\u84dd\u7b79\u80a1\u7684\u4fbf\u6377\u5165\u53e3\u3002\u5176\u6838\u5fc3\u5356\u70b9\u662f:<\/p>\n
\n- \u5408\u89c4\uff1a\u501f\u7528\u6301\u724c\u5238\u5546\u4f53\u7cfb\uff1b<\/li>\n
- \u7a33\u5b9a\uff1a\u6e05\u7b97\u5546 + SPV \u6258\u7ba1\uff1b<\/li>\n
- \u6613\u7528\uff1aB2C \u95ed\u73af\uff1b<\/li>\n
- \u521b\u65b0\uff1a\u5185\u90e8\u53ef\u7ec4\u5408 DeFi-lite\u3002<\/li>\n<\/ul>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> StableStocks \u662f\u4e00\u6761\u4e2d\u95f4\u8def\u7ebf\uff0c\u5b83\u8bd5\u56fe\u5728 Robinhood \u7684\u5c01\u95ed\u6613\u7528\u548c xStocks \u7684\u5f00\u653e\u590d\u6742\u4e4b\u95f4\u627e\u5230\u5e73\u8861\u3002\u5b83\u8d4c\u7684\u662f\uff0c\u7528\u6237\u60f3\u8981\u7684\u662f“DeFi-lite”\u7684\u4f53\u9a8c——\u65e2\u80fd\u4eab\u53d7 DeFi \u5e26\u6765\u7684\u6536\u76ca\u589e\u5f3a\uff0c\u53c8\u4e0d\u5fc5\u627f\u62c5\u5f00\u653e DeFi \u7684\u5168\u90e8\u98ce\u9669\u548c\u590d\u6742\u6027\u3002<\/p>\n\u4e09\u89d2\u5bf9\u6bd4\uff1aStableStocks vs xStocks vs Robinhood<\/strong><\/p>\n<\/p>\n
\u56db\u3001\u96be\u4ee5\u903e\u8d8a\u7684\u7ed3\u6784\u6027\u969c\u788d<\/strong><\/h3>\n\u5c3d\u7ba1\u6a21\u5f0f\u5404\u5f02\uff0c\u4f46\u73b0\u9636\u6bb5\u6240\u6709\u7684\u80a1\u7968\u4ee3\u5e01\u5316\u65b9\u6848\u90fd\u9762\u4e34\u7740\u51e0\u4e2a\u5171\u540c\u7684\u3001\u77ed\u671f\u5185\u96be\u4ee5\u89e3\u51b3\u7684\u7ed3\u6784\u6027\u969c\u788d\uff1a<\/p>\n
\n- \u4ef7\u503c\u4e3b\u5f20\u4e0e\u5b9e\u9645\u6d41\u52a8\u6027\u7684\u77db\u76fe:<\/strong> \u5f53\u524d\u6240\u6709\u5e73\u53f0\u90fd\u9762\u4e34\u4e00\u4e2a\u7ecf\u5178\u7684“\u5148\u6709\u9e21\u8fd8\u662f\u5148\u6709\u86cb”\u7684\u56f0\u5883\u3002\u4e00\u65b9\u9762\uff0c\u5bf9\u4e8e\u5df2\u7ecf\u80fd\u591f\u4fbf\u6377\u4ea4\u6613\u7f8e\u80a1\u7684\u7528\u6237\u800c\u8a00\uff0c\u4ee3\u5e01\u5316\u80a1\u7968\u7684\u4ef7\u503c\u4e3b\u5f20\u6a21\u7cca\u4e0d\u6e05<\/strong>\u3002\u94fe\u4e0a\u4ea4\u6613\u4e0d\u4ec5\u672a\u80fd\u63d0\u4f9b\u66f4\u4f18\u7684\u8d39\u7387\uff0c\u53cd\u800c\u56e0\u4e3a\u6d41\u52a8\u6027\u532e\u4e4f\u800c\u5bfc\u81f4\u66f4\u9ad8\u7684\u4ea4\u6613\u6ed1\u70b9\uff0c\u4f53\u9a8c\u8fdc\u900a\u4e8e\u6210\u719f\u7684\u4e92\u8054\u7f51\u5238\u5546\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6b63\u662f\u56e0\u4e3a\u7f3a\u4e4f\u8db3\u591f\u5f3a\u5927\u7684\u4ef7\u503c\u4e3b\u5f20\u6765\u5438\u5f15\u5927\u89c4\u6a21\u7528\u6237\u548c\u8d44\u672c\u5165\u573a\uff0c\u94fe\u4e0a\u6d41\u52a8\u6027\u624d\u8fdf\u8fdf\u65e0\u6cd5\u6df1\u5316\uff0c\u5f62\u6210\u4e86\u4e00\u4e2a\u81ea\u6211\u5f3a\u5316\u7684\u8d1f\u53cd\u9988\u5faa\u73af\uff1a\u6ca1\u6709\u7528\u6237\u5c31\u6ca1\u6709\u6d41\u52a8\u6027\uff0c\u6ca1\u6709\u6d41\u52a8\u6027\u5c31\u66f4\u5438\u5f15\u4e0d\u6765\u7528\u6237<\/strong>\u3002\u9664\u975e\u80fd\u4e3a\u5b58\u91cf\u7528\u6237\u63d0\u4f9b\u4e0d\u53ef\u66ff\u4ee3\u7684\u5168\u65b0\u6548\u7528\uff0c\u5426\u5219\u5f88\u96be\u6253\u7834\u8fd9\u4e00\u50f5\u5c40\u3002<\/li>\n
- \u7ed3\u6784\u6027\u7f3a\u9677:<\/strong> \u76ee\u524d\u7684\u4ee3\u5e01\u5316\u80a1\u7968\u672c\u8d28\u4e0a\u53ea\u662f\u771f\u5b9e\u80a1\u7968\u7684“\u6570\u5b57\u5b6a\u751f”\uff0c\u4f46\u8fd9\u79cd\u590d\u5236\u5b58\u5728\u6839\u672c\u6027\u7f3a\u9677\u3002\u9996\u5148\uff0c24\/7 \u4ea4\u6613\u7684\u627f\u8bfa\u5f88\u5927\u7a0b\u5ea6\u4e0a\u662f\u865a\u5e7b\u7684<\/strong>\u3002\u5f53\u5e95\u5c42\u80a1\u7968\u5e02\u573a\uff08\u5982\u7eb3\u65af\u8fbe\u514b\uff09\u4f11\u5e02\u65f6\uff0c\u94fe\u4e0a\u505a\u5e02\u5546\u65e0\u6cd5\u5bf9\u51b2\u5176\u98ce\u9669\u655e\u53e3\uff0c\u53ea\u80fd\u901a\u8fc7\u6781\u7aef\u6269\u5927\u4ef7\u5dee\u6216\u76f4\u63a5\u64a4\u51fa\u6d41\u52a8\u6027\u7684\u65b9\u5f0f\u6765\u89c4\u907f\u98ce\u9669\uff0c\u8fd9\u4f7f\u5f97\u5468\u672b\u548c\u76d8\u540e\u4ea4\u6613\u7684\u6709\u6548\u6027\u5927\u6253\u6298\u6263\u3002\u5176\u6b21\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u5265\u79bb\u4e86\u5b8c\u6574\u7684\u80a1\u4e1c\u6743\u5229<\/strong>\u3002\u7528\u6237\u83b7\u5f97\u7684\u662f\u5bf9\u80a1\u7968\u7ecf\u6d4e\u4ef7\u503c\u7684\u7d22\u53d6\u6743\uff0c\u800c\u975e\u5305\u62ec\u6295\u7968\u6743\u5728\u5185\u7684\u5b8c\u6574\u6240\u6709\u6743\u3002<\/li>\n
- “\u53bb\u4e2d\u5fc3\u5316”\u5916\u8863\u4e0b\u7684\u4e2d\u5fc3\u5316\u98ce\u9669:<\/strong> \u5c3d\u7ba1\u8fd0\u884c\u5728\u53bb\u4e2d\u5fc3\u5316\u7684\u533a\u5757\u94fe\u4e0a\uff0c\u4f46\u8fd9\u4e9b RWA \u6a21\u578b\u7684\u4fe1\u4efb\u6839\u57fa\u5374\u9ad8\u5ea6\u96c6\u4e2d\u4e8e\u4e00\u7cfb\u5217\u94fe\u4e0b\u5b9e\u4f53\u3002\u65e0\u8bba\u662f\u53d1\u884c\u4ee3\u5e01\u7684 SPV\u3001\u8d1f\u8d23\u8d44\u4ea7\u6258\u7ba1\u7684\u7b2c\u4e09\u65b9\u94f6\u884c\u3001\u6267\u884c\u4ea4\u6613\u7684\u5408\u4f5c\u5238\u5546\uff0c\u8fd8\u662f\u8fde\u63a5\u6cd5\u5e01\u4e0e\u52a0\u5bc6\u4e16\u754c\u7684\u6865\u6881\uff0c\u6bcf\u4e00\u4e2a\u73af\u8282\u90fd\u662f\u4e00\u4e2a\u6f5c\u5728\u7684\u4e2d\u5fc3\u5316\u6545\u969c\u70b9<\/strong>\u3002\u8fd9\u4e9b\u4e2d\u5fc3\u5316\u5b9e\u4f53\u4e00\u65e6\u51fa\u73b0\u8fd0\u8425\u5931\u8d25\u3001\u6cd5\u5f8b\u7ea0\u7eb7\u3001\u751a\u81f3\u7834\u4ea7\u5012\u95ed\uff0c\u94fe\u4e0a\u7684\u4ee3\u5e01\u90fd\u53ef\u80fd\u77ac\u95f4\u4e27\u5931\u4ef7\u503c\u652f\u6491\u3002<\/li>\n
- DeFi \u53ef\u7ec4\u5408\u6027\u7684\u6f5c\u5728\u6096\u8bba:<\/strong> \u5bf9\u4e8e xStocks \u8fd9\u7c7b\u5f00\u653e\u5f0f\u6a21\u578b\u800c\u8a00\uff0c\u5176\u7ec8\u6781\u613f\u666f\u662f\u6210\u4e3a DeFi \u4e16\u754c\u7684“\u91d1\u94b1\u4e50\u9ad8”\u3002\u7136\u800c\uff0c\u8fd9\u79cd\u53ef\u7ec4\u5408\u6027\u9762\u4e34\u4e00\u4e2a\u4e25\u5cfb\u7684\u6096\u8bba\u3002\u4e00\u4e2a DeFi \u501f\u8d37\u534f\u8bae\u5728\u8003\u8651\u662f\u5426\u63a5\u53d7 TSLAx \u4f5c\u4e3a\u62b5\u62bc\u54c1\u65f6\uff0c\u4e0d\u4ec5\u8981\u8bc4\u4f30\u7279\u65af\u62c9\u80a1\u7968\u672c\u8eab\u7684\u4ef7\u683c\u6ce2\u52a8\u98ce\u9669\uff0c\u8fd8\u5fc5\u987b\u8bc4\u4f30\u5176\u4ee3\u5e01\u5316\u7ed3\u6784\u6240\u5e26\u6765\u7684\u5e73\u53f0\u98ce\u9669<\/strong>——\u5373\u53d1\u884c\u65b9 Backed Finance \u6216\u5176\u6258\u7ba1\u65b9\u8fdd\u7ea6\u7684\u98ce\u9669\u3002\u8fd9\u79cd“\u8d44\u4ea7\u98ce\u9669 + \u5e73\u53f0\u98ce\u9669”\u7684\u53cc\u91cd\u98ce\u9669\u655e\u53e3<\/strong>\uff0c\u4f7f\u5f97 DeFi \u534f\u8bae\u5728\u6574\u5408\u8fd9\u4e9b RWA \u8d44\u4ea7\u65f6\u6781\u4e3a\u8c28\u614e\u3002\u6b64\u5916\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u6a21\u7cca\u7684\u6cd5\u5f8b\u5730\u4f4d\u4e5f\u8ba9 DeFi \u534f\u8bae\u671b\u800c\u5374\u6b65\uff0c\u62c5\u5fc3\u4f1a\u56e0“\u975e\u6cd5\u7ecf\u8425\u8bc1\u5238\u4e1a\u52a1”\u800c\u62db\u81f4\u76d1\u7ba1\u6253\u51fb\u3002\u8fd9\u89e3\u91ca\u4e86\u4e3a\u4f55\u81f3\u4eca\u4ecd\u672a\u6709\u4e3b\u6d41 DeFi \u534f\u8bae\u5c06\u5b83\u4eec\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\uff0c\u5176\u901a\u5f80\u771f\u6b63\u53ef\u7ec4\u5408\u6027\u7684\u9053\u8def\u4f9d\u7136\u6f2b\u957f\u3002<\/li>\n<\/ul>\n
\u7ed3\u8bba\uff1a\u4e09\u79cd\u6a21\u5f0f\u8c01\u80fd\u8d62\u5f97\u672a\u6765\uff1f<\/strong><\/h3>\n\u8fd9\u573a\u7ade\u8d5b\u7684\u7ec8\u5c40\uff0c\u53ef\u80fd\u5e76\u975e\u53d6\u51b3\u4e8e\u8c01\u7684\u6cd5\u5f8b\u67b6\u6784\u66f4\u5de7\u5999\uff0c\u800c\u662f\u8c01\u80fd\u7387\u5148\u4e3a\u7528\u6237\u521b\u9020\u51fa\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ef7\u503c\u3002<\/p>\n
\n- Robinhood \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u89c4\u6a21\u5316<\/strong>\u3002\u5982\u679c\u5176\u76ee\u6807\u53ea\u662f\u5c06\u4e00\u4e2a\u719f\u6089\u7684\u8d44\u4ea7\u7c7b\u522b\uff0c\u7528\u4e00\u79cd\u65b0\u9896\u7684\u5f62\u5f0f\u63d0\u4f9b\u7ed9\u6570\u5343\u4e07\u73b0\u6709\u7528\u6237\uff0c\u90a3\u4e48\u5b83\u5f88\u53ef\u80fd\u5728\u7528\u6237\u6570\u91cf\u4e0a\u53d6\u80dc\u3002<\/li>\n
- xStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u751f\u6001\u5316<\/strong>\u3002\u5982\u679c“\u91d1\u878d\u4e50\u9ad8”\u7684\u53d9\u4e8b\u6210\u7acb\uff0c\u672a\u6765\u80fd\u6709\u5927\u91cf DeFi \u534f\u8bae\u5c06\u5176\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\u6216\u57fa\u7840\u8d44\u4ea7\uff0c\u6784\u5efa\u51fa\u94fe\u4e0a\u671f\u6743\u3001\u501f\u8d37\u548c\u7ed3\u6784\u5316\u4ea7\u54c1\uff0c\u90a3\u4e48\u5b83\u5c06\u8d62\u5f97 Web3 \u7684\u672a\u6765\u3002<\/li>\n
- StableStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u4f53\u9a8c\u5316<\/strong>\u3002\u5982\u679c\u5b83\u80fd\u8bc1\u660e“DeFi-lite”\u662f\u4e00\u4e2a\u771f\u5b9e\u5b58\u5728\u7684\u5e02\u573a\uff0c\u901a\u8fc7\u63d0\u4f9b\u4e00\u7ad9\u5f0f\u7684\u3001\u4f4e\u95e8\u69db\u7684“\u4ea4\u6613+\u6536\u76ca”\u4f53\u9a8c\uff0c\u5b83\u6216\u8bb8\u80fd\u5728\u4e3b\u6d41\u7528\u6237\u548c\u786c\u6838 DeFi \u7528\u6237\u4e4b\u95f4\u5f00\u8f9f\u51fa\u4e00\u7247\u84dd\u6d77\u3002<\/li>\n<\/ul>\n
\u5f52\u6839\u672c\u6e90\uff0c\u6240\u8c13\u7684“\u94fe\u4e0a\u7f8e\u80a1”\u4f9d\u65e7\u5904\u5728\u8bd5\u9a8c\u7530\u9636\u6bb5\uff0c\u76ee\u524d\u66f4\u50cf\u662f\u76d1\u7ba1\u7a7a\u9699\u4e0b\u7684\u4e00\u79cd\u91d1\u878d\u5305\u88c5\uff0c\u800c\u975e\u6210\u719f\u7684\u5e02\u573a\u5de5\u5177\u3002\u771f\u6b63\u80fd\u591f\u6539\u53d8\u6e38\u620f\u89c4\u5219\u7684\u8282\u70b9\uff0c\u4e0d\u5728\u4e8e\u8c01\u5148\u8dd1\u901a\u4e00\u4e2a\u6982\u5ff5\u9a8c\u8bc1\uff0c\u800c\u5728\u4e8e\u8c01\u80fd\u5728\u94fe\u4e0a\u4ea4\u4ed8\u96c6\u73b0\u8d27\u3001\u505a\u7a7a\u3001\u6760\u6746\u4e0e\u98ce\u9669\u7ba1\u7406\u4e8e\u4e00\u4f53\u7684\u5b8c\u6574\u4ea4\u6613\u4f53\u7cfb<\/strong>\u3002\u53ea\u6709\u5f53\u94fe\u4e0a\u80a1\u7968\u7684\u91d1\u878d\u53ef\u73a9\u6027\u548c\u529f\u80fd\u6027\u771f\u6b63\u6bd4\u80a9\u751a\u81f3\u8d85\u8d8a\u534e\u5c14\u8857\u7684\u8001\u724c\u5238\u5546\uff0c\u8fd9\u573a\u8f6c\u578b\u624d\u7b97\u8fdb\u5165\u5b9e\u8d28\u6027\u9636\u6bb5\u3002\u5c31\u5f53\u4e0b\u800c\u8a00\uff0c\u90a3\u4e9b\u5148\u884c\u8005\u4eec\u624d\u521a\u521a\u628a\u8f66\u8f6e\u538b\u4e0a\u8d5b\u9053\uff0c\u771f\u6b63\u7684\u7ade\u901f\u8fd8\u8fdc\u672a\u5f00\u59cb\u3002<\/p>\n\u672c\u6587\/\u535a\u5ba2\u4ec5\u4f9b\u53c2\u8003\uff0c\u4ee3\u8868\u4f5c\u8005\u7684\u4e2a\u4eba\u89c2\u70b9\uff0c\u5e76\u4e0d\u4ee3\u8868 Movemaker \u7684\u7acb\u573a\u3002\u672c\u6587\u65e0\u610f\u63d0\u4f9b\uff1a(i) \u6295\u8d44\u5efa\u8bae\u6216\u6295\u8d44\u63a8\u8350\uff1b(ii) \u8d2d\u4e70\u3001\u51fa\u552e\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u7684\u8981\u7ea6\u6216\u62db\u63fd\uff1b\u6216 (iii) \u8d22\u52a1\u3001\u4f1a\u8ba1\u3001\u6cd5\u5f8b\u6216\u7a0e\u52a1\u5efa\u8bae\u3002\u6301\u6709\u6570\u5b57\u8d44\u4ea7\uff0c\u5305\u62ec\u7a33\u5b9a\u5e01\u548c NFT\uff0c\u98ce\u9669\u6781\u9ad8\uff0c\u4ef7\u683c\u6ce2\u52a8\u8f83\u5927\uff0c\u751a\u81f3\u53ef\u80fd\u53d8\u5f97\u4e00\u6587\u4e0d\u503c\u3002\u60a8\u5e94\u6839\u636e\u81ea\u8eab\u7684\u8d22\u52a1\u72b6\u51b5\uff0c\u4ed4\u7ec6\u8003\u8651\u4ea4\u6613\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u662f\u5426\u9002\u5408\u60a8\u3002\u5982\u6709\u5177\u4f53\u60c5\u51b5\u65b9\u9762\u7684\u95ee\u9898\uff0c\u8bf7\u54a8\u8be2\u60a8\u7684\u6cd5\u5f8b\u3001\u7a0e\u52a1\u6216\u6295\u8d44\u987e\u95ee\u3002\u672c\u6587\u4e2d\u63d0\u4f9b\u7684\u4fe1\u606f\uff08\u5305\u62ec\u5e02\u573a\u6570\u636e\u548c\u7edf\u8ba1\u4fe1\u606f\uff0c\u82e5\u6709\uff09\u4ec5\u4f9b\u4e00\u822c\u53c2\u8003\u3002\u5728\u7f16\u5199\u8fd9\u4e9b\u6570\u636e\u548c\u56fe\u8868\u65f6\u5df2\u5c3d\u5408\u7406\u6ce8\u610f\uff0c\u4f46\u5bf9\u5176\u4e2d\u6240\u8868\u8fbe\u7684\u4efb\u4f55\u4e8b\u5b9e\u6027\u9519\u8bef\u6216\u9057\u6f0f\u6982\u4e0d\u8d1f\u8d23\u3002<\/p>\n
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\u4f5c\u8005\uff1a @BlazingKevin_ \uff0cthe Researcher at Movemaker \u5728\u7279\u6717\u666e\u53ef\u80fd\u5e26…<\/p>\n","protected":false},"author":2,"featured_media":2710,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4464"}],"version-history":[{"count":1,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions"}],"predecessor-version":[{"id":7096,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions\/7096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/media\/2710"}],"wp:attachment":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u6b63\u662f\u5728\u8fd9\u6837\u7684\u80cc\u666f\u4e0b\uff0cRobinhood\u3001xStocks \u548c StableStocks \u7684\u5165\u573a\uff0c\u4e3a\u5e02\u573a\u5e26\u6765\u4e86\u4e09\u79cd\u66f4\u5177\u60f3\u8c61\u529b\u7684\u8303\u5f0f\u3002<\/p>\n
\u4e09\u3001\u4e09\u9a7e\u9a6c\u8f66——\u4e09\u79cd\u6a21\u5f0f\u7684\u6df1\u5ea6\u89e3\u6784<\/strong><\/h3>\n\u6211\u4eec\u5c06\u4ece\u6cd5\u5f8b\u5185\u6838<\/strong>\u3001\u5546\u4e1a\u6a21\u5f0f<\/strong>\u548c\u53ef\u7ec4\u5408\u6027<\/strong>\u4e09\u4e2a\u7ef4\u5ea6\uff0c\u5bf9\u8fd9\u4e09\u5927\u73a9\u5bb6\u8fdb\u884c\u62c6\u89e3\u3002<\/p>\n1. Robinhood\uff1a\u884d\u751f\u54c1\u5408\u7ea6 + B2C + \u53d7\u63a7\u751f\u6001<\/strong><\/h4>\n\n- \n
\u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a\u5728\u5168\u7403\u8303\u56f4\u5185\u63a2\u7d22“\u52a0\u5bc6 + \u80a1\u7968”\u7ed3\u5408\u8def\u5f84\u7684\u516c\u53f8\u5e76\u4e0d\u7b97\u5c11\uff0c\u4f46 Robinhood \u7684\u505a\u6cd5\u5374\u663e\u5f97\u4e0e\u4f17\u4e0d\u540c\u3002\u5b83\u5e76\u6ca1\u6709\u9009\u62e9\u76f4\u63a5\u53d1\u884c\u4ee3\u8868\u80a1\u7968\u6240\u6709\u6743\u7684\u4ee3\u5e01\uff0c\u800c\u662f\u4ee5\u66f4\u7075\u6d3b\u7684\u65b9\u5f0f\u5207\u5165\u5e02\u573a\uff1a\u901a\u8fc7\u884d\u751f\u54c1\u7684\u8def\u5f84\u5b9e\u73b0\u5bf9\u6807\u7684\u8d44\u4ea7\u7684\u6620\u5c04\u3002\u5728\u6b27\u6d32\u4e0a\u7ebf\u7684\u4ea7\u54c1\uff0c\u672c\u8d28\u4e0a\u5e76\u975e\u8bc1\u5238\u4ea4\u6613\uff0c\u800c\u662f\u4f9d\u6258\u6b27\u76df MiFID II \u6846\u67b6<\/strong>\u53d1\u884c\u7684\u573a\u5916\u91d1\u878d\u5408\u7ea6\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u7528\u6237\u8d2d\u4e70\u7684\u5e76\u4e0d\u662f“\u80a1\u7968\u4ee3\u5e01”\uff0c\u800c\u662f\u4e00\u4efd\u53ef\u8ffd\u8e2a\u7279\u5b9a\u80a1\u4ef7\u6ce2\u52a8\u7684\u6570\u5b57\u51ed\u8bc1\u3002\u8fd9\u79cd\u6cd5\u5f8b\u8bbe\u8ba1\u8ba9 Robinhood \u907f\u5f00\u4e86\u7e41\u590d\u7684\u8bc1\u5238\u5408\u89c4\u58c1\u5792\uff0c\u4ee5\u6700\u4f4e\u7684\u963b\u529b\u6253\u5f00\u4e86\u6d77\u5916\u5e02\u573a\u3002<\/p>\n<\/li>\n- \n
\u6280\u672f\u67b6\u6784\u4e0e“\u56f4\u5899\u82b1\u56ed”\uff1a<\/strong><\/p>\n\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u9009\u62e9\u4e0a\uff0cRobinhood \u501f\u52a9 Arbitrum<\/strong> \u4f5c\u4e3a\u843d\u5730\u7f51\u7edc\u3002\u4e0e\u4ee5\u592a\u574a\u4e3b\u7f51\u76f8\u6bd4\uff0c\u5b83\u83b7\u5f97\u4e86\u66f4\u9ad8\u7684\u6027\u80fd\u3001\u66f4\u4f4e\u7684\u4ea4\u6613\u6210\u672c\uff0c\u540c\u65f6\u8fd8\u80fd\u7ee7\u627f\u6210\u719f\u7684\u4ee5\u592a\u574a\u5b89\u5168\u6027\u3002\u5728\u77ed\u77ed\u51e0\u7f8e\u5143\u7684 Gas \u6210\u672c\u4e0b\u5c31\u5b8c\u6210\u4e86\u4e0a\u767e\u79cd\u4ee3\u5e01\u7684\u90e8\u7f72\uff0c\u6548\u7387\u4f18\u52bf\u4e00\u76ee\u4e86\u7136\u3002<\/li>\n
- \u6743\u9650\u63a7\u5236\uff1a<\/strong> \u4e0d\u8fc7\uff0c\u8fd9\u4e00\u4f53\u7cfb\u5e76\u975e\u5f00\u653e\u5f0f\u7684 DeFi \u4e50\u56ed\u3002\u667a\u80fd\u5408\u7ea6\u5185\u90e8\u5199\u5165\u4e86\u4e25\u683c\u7684 \u767d\u540d\u5355\u89c4\u5219<\/strong>\uff0c\u6240\u6709\u4ea4\u6613\u90fd\u9700\u8981\u9a8c\u8bc1\u63a5\u6536\u65b9\u662f\u5426\u901a\u8fc7\u4e86 Robinhood \u7684\u5408\u89c4\u8ba4\u8bc1\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u8fd9\u662f\u4e00\u4e2a\u5178\u578b\u7684“\u53d7\u63a7\u533a”\uff0c\u7528\u6237\u5fc5\u987b\u5b8c\u6210 KYC \u624d\u80fd\u8fdb\u5165\uff0c\u751f\u6001\u88ab Robinhood \u81ea\u5df1\u7262\u7262\u628a\u63a7\uff0c\u4e5f\u56e0\u6b64\u727a\u7272\u4e86\u4e0e\u5916\u90e8 DeFi \u4e16\u754c\u7684\u4e92\u901a\u6027\u3002<\/li>\n
- \u672a\u6765\u91ce\u5fc3\uff1a<\/strong> \u66f4\u8010\u4eba\u5bfb\u5473\u7684\u662f Robinhood \u7684\u4e0b\u4e00\u6b65\u68cb\u3002\u516c\u53f8\u6b63\u915d\u917f\u57fa\u4e8e Arbitrum \u6280\u672f\u6808\u63a8\u51fa\u81ea\u6709\u7684 Layer 2 \u7f51\u7edc——Robinhood Chain<\/strong>\u3002\u8fd9\u4e00\u52a8\u4f5c\u5e76\u4e0d\u4ec5\u4ec5\u662f\u964d\u4f4e\u6210\u672c\uff0c\u800c\u662f\u91ca\u653e\u51fa\u66f4\u5f3a\u70c8\u7684\u4fe1\u53f7\uff1aRobinhood \u60f3\u8981\u5728\u5e95\u5c42\u6280\u672f\u4e0a\u638c\u63e1\u4e3b\u52a8\u6743\uff0c\u4e3a\u672a\u6765\u5927\u89c4\u6a21\u7684 RWA\u6218\u7565\u63d0\u4f9b\u91cf\u8eab\u5b9a\u5236\u7684\u73af\u5883\u3002<\/li>\n<\/ul>\n<\/li>\n
- \n
\u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u5982\u679c\u628a\u8fd9\u5957\u6a21\u5f0f\u5355\u7eaf\u7406\u89e3\u4e3a“\u5c01\u95ed\u82b1\u56ed”\uff0c\u5176\u5b9e\u4f4e\u4f30\u4e86 Robinhood \u7684\u91ce\u5fc3\u3002CEO Vlad Tenev \u591a\u6b21\u63d0\u5230\u516c\u53f8\u7684\u613f\u666f\u662f“Capital as a Service”\uff08\u8d44\u672c\u5373\u670d\u52a1\uff09\u3002\u4ee3\u5e01\u5316\u5e76\u4e0d\u662f\u5671\u5934\uff0c\u800c\u662f Robinhood \u63a8\u8fdb\u91d1\u878d\u6c11\u4e3b\u5316\u7684\u91cd\u8981\u5de5\u5177\uff0c\u5c24\u5176\u9488\u5bf9\u90a3\u4e9b\u957f\u671f\u9501\u5728\u9ad8\u51c0\u503c\u4eba\u7fa4\u624b\u4e2d\u7684\u975e\u6d41\u52a8\u6027\u8d44\u4ea7\u3002\u60f3\u8c61\u4e00\u4e0b\uff0c\u5982\u679c\u666e\u901a\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u884d\u751f\u54c1\u4ee3\u5e01\u7684\u65b9\u5f0f\uff0c\u95f4\u63a5\u83b7\u5f97 SpaceX \u6216 OpenAI \u8fd9\u7c7b\u672a\u4e0a\u5e02\u5de8\u5934\u7684\u80a1\u6743\u655e\u53e3\uff0c\u8d44\u672c\u5e02\u573a\u7684\u6743\u529b\u7ed3\u6784\u5c06\u88ab\u91cd\u65b0\u6d17\u724c\u3002<\/p>\n\u5f53\u7136\uff0c\u73b0\u5b9e\u5e76\u4e0d\u5b8c\u5168\u4e50\u89c2\u3002\u9876\u7ea7\u79c1\u52df\u516c\u53f8\u5f80\u5f80\u8d44\u91d1\u4e0d\u7f3a\uff0c\u56e0\u6b64\u51e0\u4e4e\u4e0d\u53ef\u80fd\u4e3b\u52a8“\u9080\u8bf7\u6563\u6237\u8fdb\u5165”\u3002\u8fd9\u610f\u5473\u7740\u4ee3\u5e01\u5316\u65b9\u6848\u5fc5\u987b\u7ed5\u8fc7\u4f20\u7edf\u53d1\u884c\u903b\u8f91\uff0c\u624d\u80fd\u89e6\u53ca\u666e\u901a\u6295\u8d44\u8005\u3002\u4f46\u8fd9\u79cd\u6a21\u5f0f\u4e5f\u6697\u85cf\u98ce\u9669\uff1aRobinhood \u5728\u63a8\u51fa OpenAI \u76f8\u5173\u4ee3\u5e01\u540e\uff0c\u516c\u53f8\u65b9\u9762\u7acb\u5373\u53d1\u8868\u58f0\u660e\u6f84\u6e05\u4e0e\u5176\u65e0\u5173\uff0c\u8fd9\u4e5f\u66b4\u9732\u51fa\u4e00\u4e2a\u95ee\u9898——\u884d\u751f\u54c1\u6a21\u5f0f\u5728\u4fe1\u606f\u900f\u660e\u548c\u6295\u8d44\u8005\u7406\u89e3\u5c42\u9762\u53ef\u80fd\u5b58\u5728\u5de8\u5927\u9e3f\u6c9f\u3002<\/p>\n
\u5982\u679c\u4e0e\u5176\u4ed6\u5e73\u53f0\u505a\u4e2a\u5bf9\u6bd4\uff0cRobinhood \u7684\u5207\u53e3\u4e0e\u4f20\u7edf\u7684\u94fe\u4e0a\u8bc1\u5238\u5c1d\u8bd5\uff08\u5982 Synthetix \u7684\u5408\u6210\u8d44\u4ea7\uff0c\u6216 Polymarket \u7684\u9884\u6d4b\u5e02\u573a\uff09\u4e0d\u540c\u3002\u5b83\u5e76\u4e0d\u662f\u5f3a\u8c03 DeFi \u7684\u5b8c\u5168\u5f00\u653e\u6027\uff0c\u800c\u662f\u901a\u8fc7“\u5f3a\u5408\u89c4 + \u9ad8\u7528\u6237\u4f53\u9a8c”\u7684\u7ec4\u5408\u6765\u62a2\u5360\u5e02\u573a\u3002\u5176\u903b\u8f91\u66f4\u50cf\u662f\u91d1\u878d\u79d1\u6280\u5e73\u53f0\u7684\u5ef6\u4f38\uff0c\u800c\u975e\u5f7b\u5e95\u7684\u94fe\u4e0a\u539f\u6559\u65e8\u4e3b\u4e49\u3002<\/p>\n
\u5982\u679c\u76d1\u7ba1\u9ed8\u8bb8\u751a\u81f3\u9010\u6b65\u63a5\u53d7<\/strong>\uff0cRobinhood \u5c06\u7387\u5148\u5efa\u7acb\u8d77\u8986\u76d6\u6563\u6237\u3001\u5408\u89c4\u548c RWA \u7684\u8d85\u7ea7\u5165\u53e3\uff0c\u751a\u81f3\u53ef\u80fd\u6210\u4e3a\u6b27\u7f8e\u6563\u6237\u8fdb\u5165\u4ee3\u5e01\u5316\u91d1\u878d\u7684\u7b2c\u4e00\u7ad9\u3002<\/p>\n<\/li>\n<\/ul>\n\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> Robinhood \u7684\u5c1d\u8bd5\u5e76\u975e\u5355\u7eaf\u7684“\u628a\u80a1\u7968\u642c\u4e0a\u533a\u5757\u94fe”\uff0c\u800c\u662f\u4e00\u6b21\u5229\u7528\u52a0\u5bc6\u6280\u672f\u91cd\u5851\u4f20\u7edf\u884d\u751f\u54c1\u5206\u53d1\u6a21\u5f0f\u7684\u5b9e\u9a8c\u3002\u5b83\u7528\u533a\u5757\u94fe\u6765\u63d0\u5347\u4ea7\u54c1\u4ea4\u4ed8\u548c\u5408\u89c4\u6548\u7387\uff0c\u76ee\u6807\u8fdc\u8d85\u52a0\u5bc6\u5708\u672c\u8eab\uff0c\u771f\u6b63\u6307\u5411\u7684\u662f\u6574\u4e2a\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u65b0\u5b9a\u4e49\u3002<\/p>\n2. xStocks \uff1a\u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01 + B2B2C + \u5b8c\u5168\u53ef\u7ec4\u5408\u6027<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a<\/strong> \u5728\u4ee3\u5e01\u5316\u80a1\u7968\u8d5b\u9053\u4e0a\uff0cxStocks \u7684\u5b9a\u4f4d\u9887\u4e3a\u72ec\u7279\u3002\u4e0e\u4e00\u4e9b\u53ea\u63d0\u4f9b\u4ef7\u683c\u6620\u5c04\u7684\u884d\u751f\u54c1\u5e73\u53f0\u4e0d\u540c\uff0c\u5b83\u8d70\u7684\u662f\u5b9e\u7269\u8d44\u4ea7\u5b8c\u5168\u6620\u5c04<\/strong>\u7684\u9053\u8def\u3002\u6574\u4e2a\u67b6\u6784\u7531\u745e\u58eb\u5408\u89c4\u56e2\u961f Backed Finance \u6253\u9020\uff0c\u9075\u5faa\u745e\u58eb\u7684 DLT \u6cd5\u5f8b\u6846\u67b6<\/strong>\uff0c\u5e76\u901a\u8fc7\u5728\u5217\u652f\u6566\u58eb\u767b\u8bbe\u7acb\u7684\u7279\u6b8a\u76ee\u7684\u8f7d\u4f53\uff08SPV\uff09\u6765\u6258\u7ba1\u771f\u5b9e\u80a1\u7968\u3002\u8fd9\u4e2a SPV \u53ea\u8d1f\u8d23\u4e00\u4ef6\u4e8b——\u6301\u6709\u5e95\u5c42\u8d44\u4ea7\u672c\u8eab\uff0c\u5e76\u5728\u6cd5\u5f8b\u4e0a\u4e0e\u53d1\u884c\u4e3b\u4f53\u548c\u4ea4\u6613\u5e73\u53f0\u5b8c\u5168\u9694\u79bb\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u5373\u4fbf\u8fd0\u8425\u65b9\u51fa\u73b0\u95ee\u9898\uff0c\u6295\u8d44\u8005\u6743\u76ca\u4e5f\u80fd\u88ab\u72ec\u7acb\u4fdd\u62a4\u3002\u6295\u8d44\u8005\u62ff\u5230\u7684\u4e0d\u662f\u4e00\u5f20“\u5408\u7ea6\u7eb8”\uff0c\u800c\u662f\u5bf9\u5e94\u4e8e\u771f\u5b9e\u8d44\u4ea7\u7684\u4f18\u5148\u62c5\u4fdd\u503a\u6743\u51ed\u8bc1\u3002<\/li>\n
- \u6280\u672f\u67b6\u6784\u4e0e\u900f\u660e\u5ea6\uff1a<\/strong>\n
\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u5c42\u9762\uff0cxStocks \u5c06\u4ee3\u5e01\u53d1\u884c\u653e\u5728 Solana<\/strong> \u4e0a\u3002\u539f\u56e0\u4e0d\u96be\u7406\u89e3\uff1a\u9ad8\u901f\u541e\u5410\u3001\u4f4e\u6210\u672c\u3001\u786e\u8ba4\u5ef6\u8fdf\u6781\u4f4e\uff0c\u8fd9\u4e9b\u7279\u6027\u5929\u7136\u9002\u5408\u9891\u7e41\u4ea4\u6613\u548c DeFi \u7ec4\u5408\u73a9\u6cd5\u3002<\/li>\n
- \u900f\u660e\u5ea6\u57fa\u77f3\uff1a<\/strong> \u4e3a\u4e86\u8ba9\u6295\u8d44\u8005\u4fe1\u4efb\u5176\u4ee3\u5e01\u786e\u5b9e\u6709\u771f\u5b9e\u50a8\u5907\u652f\u6301\uff0cxStocks \u5f15\u5165\u4e86 Chainlink \u7684\u50a8\u5907\u91d1\u8bc1\u660e<\/strong>\uff0c\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u968f\u65f6\u94fe\u4e0a\u9a8c\u8bc1\u50a8\u5907\u60c5\u51b5\uff0c\u8fd9\u8ba9\u5176“\u8d44\u4ea7\u4ee3\u5e01”\u591a\u4e86\u4e00\u5c42\u900f\u660e\u5ea6\u80cc\u4e66\u3002<\/li>\n
- \u5f00\u653e\u5f0f\u5408\u7ea6\uff1a<\/strong> \u53e6\u4e00\u65b9\u9762\uff0c\u4f5c\u4e3a\u6807\u51c6\u7684 SPL \u4ee3\u5e01\uff0cxStocks \u4ee3\u5e01\u80fd\u591f\u5728 Solana \u4e0a\u81ea\u7531\u6d41\u901a\uff0c\u4e0e Jupiter\u3001Kamino \u7b49\u539f\u751f DeFi \u534f\u8bae\u8f7b\u677e\u6253\u901a\uff0c\u5177\u5907\u5b8c\u5168\u53ef\u7ec4\u5408\u6027\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u4ece\u5546\u4e1a\u8def\u5f84\u4e0a\u770b\uff0cxStocks \u5e76\u4e0d\u662f\u76f4\u63a5\u9762\u5411 C \u7aef\u7684\u95ed\u73af\uff0c\u800c\u662f\u91c7\u7528 B2B2C \u7684\u5206\u9500\u903b\u8f91<\/strong>\u3002\u4e00\u7ea7\u5e02\u573a\u7684\u4ee3\u5e01\u7533\u8d4e\u7531 Backed Finance \u9762\u5411\u673a\u6784\u5b8c\u6210\uff0c\u800c\u4e8c\u7ea7\u5e02\u573a\u7684\u4ea4\u6613\u5219\u4f9d\u6258\u4e8e Kraken\u3001Bybit \u7b49\u4ea4\u6613\u6240\u3002\u8fd9\u6837\u4e00\u6765\uff0c\u5b83\u65e2\u80fd\u5438\u5f15\u4e13\u4e1a\u673a\u6784\uff0c\u53c8\u80fd\u901a\u8fc7\u6210\u719f\u4ea4\u6613\u6240\u89e6\u8fbe\u5927\u91cf\u6563\u6237\uff0c\u6700\u7ec8\u5728\u5f00\u653e\u7684\u751f\u6001\u91cc\u91ca\u653e\u6d41\u52a8\u6027\u3002\u6570\u636e\u5df2\u7ecf\u8bc1\u660e\u4e86\u8fd9\u79cd\u6a21\u5f0f\u7684\u6f5c\u529b\uff1a\u5728\u83b7\u5f97\u4e3b\u6d41\u5e73\u53f0\u652f\u6301\u540e\uff0c\u5176\u5355\u65e5\u4ea4\u6613\u91cf\u4e00\u5ea6\u7a81\u7834 600 \u4e07\u7f8e\u5143\u3002\u66f4\u957f\u8fdc\u7684\u613f\u666f\u662f\u628a\u8fd9\u5957\u6a21\u5f0f\u53d1\u5c55\u4e3a“\u4ee3\u5e01\u5316\u5373\u670d\u52a1”\uff0c\u4e3a\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u6807\u51c6\u5316\u7684\u8d44\u4ea7\u4e0a\u94fe\u5de5\u5177\u3002<\/li>\n<\/ul>\n
xStocks \u7684\u6253\u6cd5\u4e0e Robinhood \u5f62\u6210\u4e86\u9c9c\u660e\u5bf9\u7167\u3002Robinhood \u7684\u6a21\u5f0f\u66f4\u50cf\u662f“\u91d1\u878d\u884d\u751f\u54c1\u6570\u5b57\u5316”\uff0c\u4f9d\u9760\u53d7\u63a7\u767d\u540d\u5355\u673a\u5236\u9501\u4f4f\u7528\u6237\uff1b\u800c xStocks \u5219\u662f\u771f\u5b9e\u8d44\u4ea7\u4e0a\u94fe\uff0c\u5e76\u4fdd\u6301\u4e0e DeFi \u7684\u5b8c\u5168\u4e92\u64cd\u4f5c\u3002\u8fd9\u610f\u5473\u7740\u5b83\u5929\u7136\u66f4\u5951\u5408 Web3 \u7684“\u5f00\u653e\u4e50\u9ad8”\u53d9\u4e8b\uff0c\u4f46\u540c\u65f6\u4e5f\u9700\u8981\u627f\u62c5\u5f00\u653e\u73af\u5883\u4e0b\u7684\u76d1\u7ba1\u7070\u8272\u5730\u5e26\u548c\u98ce\u9669\u5916\u6ea2\u95ee\u9898\u3002<\/p>\n
\u8fd9\u79cd\u6a21\u5f0f\u80fd\u5426\u8d70\u901a\uff0c\u53d6\u51b3\u4e8e\u4e24\u70b9\uff1a<\/code><\/p>\n1. \u80fd\u5426\u771f\u6b63\u5efa\u7acb\u6df1\u5ea6\u6d41\u52a8\u6027<\/strong>\u3002\u5982\u679c\u4ee3\u5e01\u5316\u8d44\u4ea7\u53ea\u662f\u5355\u5411\u53d1\u884c\uff0c\u7f3a\u4e4f\u8db3\u591f\u7684\u4ea4\u6613\u5bf9\u624b\u65b9\u548c\u5957\u5229\u673a\u5236\uff0c\u90a3\u4e48\u5b83\u7684\u5e02\u573a\u610f\u4e49\u5c06\u975e\u5e38\u6709\u9650\u3002<\/code><\/p>\n2. \u80fd\u5426\u8d62\u5f97\u957f\u671f\u76d1\u7ba1\u5bb9\u5fcd\u5ea6\u3002<\/strong>\u5f53\u524d SPV \u67b6\u6784\u5728\u6cd5\u5f8b\u4e0a\u5df2\u7ecf\u5b9e\u73b0\u9694\u79bb\uff0c\u4f46\u672a\u6765\u5404\u56fd\u5bf9“\u4ee3\u5e01\u5316\u8bc1\u5238”\u7684\u8ba4\u5b9a\u5c1a\u672a\u7edf\u4e00\u3002\u4e00\u65e6\u51fa\u73b0\u76d1\u7ba1\u51b2\u7a81\uff0c\u751f\u6001\u53ef\u80fd\u906d\u9047\u91cd\u5927\u6ce2\u52a8\u3002<\/code><\/p>\n<\/pre>\n\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cxStocks \u7684\u6a21\u5f0f\u53ef\u80fd\u4f1a\u542f\u53d1\u66f4\u5e7f\u6cdb\u7684\u5e94\u7528\u573a\u666f\u3002\u4f8b\u5982\uff0c\u5b83\u4e3a\u7a33\u5b9a\u5e01\u4e4b\u5916\u7684“\u8d44\u4ea7\u80cc\u4e66\u578b\u4ee3\u5e01”\u63d0\u4f9b\u4e86\u4e00\u79cd\u53ef\u590d\u5236\u7684\u8303\u5f0f\uff0c\u5c24\u5176\u9002\u7528\u4e8e\u503a\u5238\u3001ETF\u3001\u751a\u81f3\u827a\u672f\u54c1\u57fa\u91d1\u7684\u4ee3\u5e01\u5316\u3002\u4e0e\u5355\u4e00\u4ea4\u6613\u6240\u63a8\u51fa\u7684“\u53d7\u63a7\u4ee3\u5e01”\u4e0d\u540c\uff0c\u5b83\u5f3a\u8c03\u4e0e DeFi \u6a21\u5757\u7684\u81ea\u7531\u7ec4\u5408\u6027\uff0c\u8fd9\u4e3a\u6574\u4e2a\u52a0\u5bc6\u751f\u6001\u6ce8\u5165\u4e86\u65b0\u7684\u6d41\u52a8\u6027\u6765\u6e90\u3002<\/p>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> xStocks \u4e0d\u662f\u5728\u91cd\u5851\u4ea4\u6613\u6240\uff0c\u800c\u662f\u5728\u4e3a DeFi \u63d0\u4f9b\u65b0\u7684\u8d44\u4ea7\u5e95\u5c42\u3002\u5b83\u8bd5\u56fe\u628a\u4f20\u7edf\u91d1\u878d\u7684\u4ef7\u503c\u771f\u5b9e\u3001\u900f\u660e\u5730\u642c\u5230\u94fe\u4e0a\uff0c\u5e76\u901a\u8fc7\u5f00\u653e\u5f0f\u7ec4\u5408\u5851\u9020\u51fa\u65b0\u7684\u5e02\u573a\u751f\u6001\u3002\u5982\u679c\u8bf4 Robinhood \u7684\u65b9\u5411\u662f“\u4e1a\u52a1\u4e0a\u94fe”\uff0c\u90a3\u4e48 xStocks \u7684\u903b\u8f91\u66f4\u50cf\u662f“\u8d44\u4ea7\u4e0a\u94fe”\u3002<\/p>\n3. StableStocks\uff1a\u4ee3\u7406\u6301\u80a1 + B2C + \u5e73\u53f0\u5185\u7ec4\u5408\u673a\u5236<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\uff1a<\/strong> StableStocks \u91c7\u53d6\u4e86\u4e00\u79cd\u72ec\u7279\u7684“\u4ee3\u7406\u6301\u80a1 + \u53d7\u76ca\u4eba”\u6a21\u5f0f\u3002\u5e73\u53f0\u901a\u8fc7\u8bbe\u7acb\u4e13\u95e8\u7684 SPV\uff0c\u5e76\u4e0e\u6301\u724c\u8bc1\u5238\u5546\uff08\u4f8b\u5982\u6fb3\u6d32\u7684 HABIT TRADE\uff09\u5408\u4f5c\u5f00\u8bbe\u673a\u6784\u8d26\u6237\uff0c\u5b9e\u9645\u4e70\u5165\u5e76\u6258\u7ba1\u80a1\u7968\u3002\u6700\u7ec8\u6295\u8d44\u8005\u5e76\u4e0d\u76f4\u63a5\u6301\u80a1\uff0c\u800c\u662f\u4f5c\u4e3a\u53d7\u76ca\u4eba\u4eab\u6709\u5bf9\u5e94\u6743\u76ca\u3002\u8fd9\u79cd\u5b89\u6392\u8ba9 StableStocks \u5728\u4e0d\u76f4\u63a5\u6301\u6709\u5b8c\u6574\u5238\u5546\u724c\u7167\u7684\u60c5\u51b5\u4e0b\uff0c\u4ecd\u7136\u80fd\u4f9d\u6258\u5408\u4f5c\u65b9\u7684\u5408\u89c4\u4f53\u7cfb\u6765\u8fd0\u4f5c\uff0c\u517c\u987e\u5408\u89c4\u6027\u4e0e\u7075\u6d3b\u6027\u3002<\/li>\n
- \u5546\u4e1a\u6a21\u5f0f\uff1a<\/strong> StableStocks \u7684\u5b9a\u4f4d\u662f\u5178\u578b\u7684 B2C \u6a21\u5f0f<\/strong>\uff0c\u5b83\u628a\u5165\u91d1\u3001\u4ea4\u6613\u3001\u6258\u7ba1\u3001\u884d\u751f\u73a9\u6cd5\u5168\u90e8\u6253\u5305\u5728\u81ea\u6709\u5e73\u53f0\u4e2d\u3002\u4e0e\u4e00\u4e9b\u8d70 B2B2C \u7684\u65b9\u6848\u4e0d\u540c\uff0cStableStocks \u66f4\u503e\u5411\u4e8e\u81ea\u5df1\u76f4\u63a5\u670d\u52a1\u7ec8\u7aef\u7528\u6237\u3002\u5728\u751f\u6001\u4e0a\uff0c\u5b83\u4e0e \u5e01\u5b89\u53ca BNB Chain<\/strong> \u7ed1\u5b9a\u7d27\u5bc6\u3002<\/li>\n
- \u53ef\u7ec4\u5408\u6027\uff1a<\/strong> StableStocks \u7684\u6838\u5fc3\u5dee\u5f02\u70b9\u5728\u4e8e\uff0c\u5b83\u6ca1\u6709\u8ffd\u6c42\u5b8c\u5168\u5f00\u653e\u7684\u5916\u90e8\u7ec4\u5408\u6027\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a \u5185\u90e8\u53ef\u7ec4\u5408\u7684\u95ed\u73af\u4f53\u7cfb<\/strong>\u3002\u7528\u6237\u6301\u6709\u7684\u80a1\u7968\u6743\u76ca\u4ee3\u5e01\uff0c\u53ef\u4ee5\u8fdb\u4e00\u6b65\u5b58\u5165\u5e73\u53f0\u7684 “StableVault”\uff0c\u518d\u94f8\u9020\u51fa\u5e26\u6536\u76ca\u5c5e\u6027\u7684 stStock\u3002\u8fd9\u662f\u4e00\u79cd“\u5e26\u56f4\u5899\u7684\u91d1\u878d\u6e38\u4e50\u573a”\u903b\u8f91——\u73a9\u6cd5\u6709\u9650\u5236\uff0c\u4f46\u4f53\u9a8c\u66f4\u53ef\u63a7\u3002<\/li>\n<\/ul>\n
\u4ece\u66f4\u7cfb\u7edf\u7684\u89d2\u5ea6\u6765\u770b\uff0cStableStocks \u7684\u6a21\u5f0f\u94fe\u8def\u53ef\u4ee5\u62c6\u89e3\u4e3a\u4e94\u4e2a\u5173\u952e\u73af\u8282\uff1a<\/p>\n
\n- \u80a1\u7968\u83b7\u53d6\u4e0e\u6765\u6e90<\/strong>\n
\n- \u6765\u81ea\u6301\u724c\u5238\u5546\u7684\u771f\u5b9e\u80a1\u7968\uff1a\n
\n- \u6fb3\u6d32 Habit Trade\uff08\u6301\u80a1 70%\uff09\u8d1f\u8d23\u7f8e\u80a1\u6e20\u9053<\/li>\n<\/ul>\n<\/li>\n
- \u4f20\u7edf\u94f6\u884c\uff08\u5982\u6fb3\u65b0\u3001\u661f\u5c55\uff09\u5219\u63d0\u4f9b\u6cd5\u5e01\u7ed3\u7b97\u548c\u8d44\u91d1\u901a\u9053\u652f\u6301\u3002<\/li>\n
- \u80a1\u7968\u6765\u6e90\u771f\u5b9e\uff0c\u4e0d\u662f\u5408\u6210\u8d44\u4ea7\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7ed3\u7b97\u4e0e\u6258\u7ba1\u673a\u5236<\/strong>\n
\n- \u80a1\u7968\u7531 SPV \u7edf\u4e00\u6258\u7ba1\uff0c\u9694\u79bb\u98ce\u9669\uff1b<\/li>\n
- \u4e0e\u7eb3\u65af\u8fbe\u514b\u7684\u6e05\u7b97\u5546\u5408\u4f5c\uff0c\u4fdd\u8bc1\u5e95\u5c42\u8d44\u4ea7\u6d41\u8f6c\u5408\u89c4\u3001\u7a33\u5b9a\u3002<\/li>\n
- \u786e\u4fdd 1:1 \u5bf9\u5e94\u5173\u7cfb\uff0c\u964d\u4f4e\u5bf9\u624b\u65b9\u8fdd\u7ea6\u98ce\u9669\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u4ee3\u5e01\u5316\u4e0e\u4e0a\u94fe\u53d1\u884c<\/strong>\n
\n- StableStocks \u5c06\u6258\u7ba1\u80a1\u7968\u6620\u5c04\u6210 \u80a1\u7968\u4ee3\u5e01<\/strong>\uff1b<\/li>\n
- \u4ee3\u5e01\u53d1\u884c\u8fd0\u884c\u5728 BNB Chain<\/strong> \u4e0a\uff0c\u83b7\u5f97\u5e01\u5b89\u94b1\u5305\u548c\u4ea4\u6613\u751f\u6001\u652f\u6301\uff1b<\/li>\n
- \u6bcf\u4e2a\u4ee3\u5e01\u80cc\u540e\u90fd\u6709\u5b9e\u9645\u8d44\u4ea7\u652f\u6491\uff0c\u5c5e\u4e8e\u6807\u51c6\u7684 \u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01<\/strong>\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7a33\u5b9a\u5e01\u4e0e\u5e01\u5708\u5165\u53e3<\/strong>\n
\n- \u4e0e Coinbase<\/strong> \u7684\u7a33\u5b9a\u5e01\u901a\u9053\u5bf9\u63a5\uff0c\u7528\u6237\u53ef\u4ee5\u7528 USDC \u76f4\u63a5\u5151\u6362\u80a1\u7968\u4ee3\u5e01\uff1b<\/li>\n
- \u89e3\u51b3\u4e86\u6cd5\u5e01\u7528\u6237\u4e0e\u52a0\u5bc6\u7528\u6237\u4e4b\u95f4\u7684\u8d44\u91d1\u8f6c\u6362\u58c1\u5792\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7528\u6237\u7aef\u4f7f\u7528\u4e0e\u6269\u5c55<\/strong>\n
\n- \u80a1\u7968\u4ee3\u5e01\u53ef\u5728 Binance \u94b1\u5305\u6301\u6709\u3001\u4ea4\u6613\uff1b<\/li>\n
- \u9664\u4e86\u6295\u8d44\u672c\u8eab\uff0c\u8fd8\u80fd\u88ab\u5d4c\u5165 StableStocks \u81ea\u5efa\u7684 DeFi \u6a21\u5757\uff08\u8d28\u62bc\u3001\u6536\u76ca\u589e\u5f3a\uff09\u3002<\/li>\n
- \u7528\u6237\u4f53\u9a8c\u4e0a\u66f4\u63a5\u8fd1 “Robinhood + DeFi-lite” \u7684\u7ed3\u5408\u4f53\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
StableStocks \u8d70\u7684\u662f“\u4e2d\u95f4\u9053\u8def”——\u65e2\u4e0d\u50cf Robinhood \u90a3\u6837\u5c01\u95ed\u5230\u53ea\u6709\u4ea4\u6613\uff0c\u53c8\u4e0d\u50cf xStocks \u90a3\u6837\u5b8c\u5168\u5f00\u653e\u5230\u4e0e\u6574\u4e2a DeFi \u4e50\u9ad8\u878d\u5408\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a\u534a\u5f00\u653e\u7684\u4f53\u7cfb\u3002\u5bf9\u4f20\u7edf\u91d1\u878d\u6295\u8d44\u8005\uff0c\u5b83\u63d0\u4f9b\u4e86\u65b0\u7684\u8fdb\u5165\u94fe\u4e0a\u5e02\u573a\u7684\u65b9\u5f0f\uff1b\u5bf9\u52a0\u5bc6\u7528\u6237\uff0c\u5b83\u63d0\u4f9b\u4e86\u63a5\u89e6\u7279\u65af\u62c9\u3001\u82f9\u679c\u3001\u9ea6\u5f53\u52b3\u7b49\u84dd\u7b79\u80a1\u7684\u4fbf\u6377\u5165\u53e3\u3002\u5176\u6838\u5fc3\u5356\u70b9\u662f:<\/p>\n
\n- \u5408\u89c4\uff1a\u501f\u7528\u6301\u724c\u5238\u5546\u4f53\u7cfb\uff1b<\/li>\n
- \u7a33\u5b9a\uff1a\u6e05\u7b97\u5546 + SPV \u6258\u7ba1\uff1b<\/li>\n
- \u6613\u7528\uff1aB2C \u95ed\u73af\uff1b<\/li>\n
- \u521b\u65b0\uff1a\u5185\u90e8\u53ef\u7ec4\u5408 DeFi-lite\u3002<\/li>\n<\/ul>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> StableStocks \u662f\u4e00\u6761\u4e2d\u95f4\u8def\u7ebf\uff0c\u5b83\u8bd5\u56fe\u5728 Robinhood \u7684\u5c01\u95ed\u6613\u7528\u548c xStocks \u7684\u5f00\u653e\u590d\u6742\u4e4b\u95f4\u627e\u5230\u5e73\u8861\u3002\u5b83\u8d4c\u7684\u662f\uff0c\u7528\u6237\u60f3\u8981\u7684\u662f“DeFi-lite”\u7684\u4f53\u9a8c——\u65e2\u80fd\u4eab\u53d7 DeFi \u5e26\u6765\u7684\u6536\u76ca\u589e\u5f3a\uff0c\u53c8\u4e0d\u5fc5\u627f\u62c5\u5f00\u653e DeFi \u7684\u5168\u90e8\u98ce\u9669\u548c\u590d\u6742\u6027\u3002<\/p>\n\u4e09\u89d2\u5bf9\u6bd4\uff1aStableStocks vs xStocks vs Robinhood<\/strong><\/p>\n<\/p>\n
\u56db\u3001\u96be\u4ee5\u903e\u8d8a\u7684\u7ed3\u6784\u6027\u969c\u788d<\/strong><\/h3>\n\u5c3d\u7ba1\u6a21\u5f0f\u5404\u5f02\uff0c\u4f46\u73b0\u9636\u6bb5\u6240\u6709\u7684\u80a1\u7968\u4ee3\u5e01\u5316\u65b9\u6848\u90fd\u9762\u4e34\u7740\u51e0\u4e2a\u5171\u540c\u7684\u3001\u77ed\u671f\u5185\u96be\u4ee5\u89e3\u51b3\u7684\u7ed3\u6784\u6027\u969c\u788d\uff1a<\/p>\n
\n- \u4ef7\u503c\u4e3b\u5f20\u4e0e\u5b9e\u9645\u6d41\u52a8\u6027\u7684\u77db\u76fe:<\/strong> \u5f53\u524d\u6240\u6709\u5e73\u53f0\u90fd\u9762\u4e34\u4e00\u4e2a\u7ecf\u5178\u7684“\u5148\u6709\u9e21\u8fd8\u662f\u5148\u6709\u86cb”\u7684\u56f0\u5883\u3002\u4e00\u65b9\u9762\uff0c\u5bf9\u4e8e\u5df2\u7ecf\u80fd\u591f\u4fbf\u6377\u4ea4\u6613\u7f8e\u80a1\u7684\u7528\u6237\u800c\u8a00\uff0c\u4ee3\u5e01\u5316\u80a1\u7968\u7684\u4ef7\u503c\u4e3b\u5f20\u6a21\u7cca\u4e0d\u6e05<\/strong>\u3002\u94fe\u4e0a\u4ea4\u6613\u4e0d\u4ec5\u672a\u80fd\u63d0\u4f9b\u66f4\u4f18\u7684\u8d39\u7387\uff0c\u53cd\u800c\u56e0\u4e3a\u6d41\u52a8\u6027\u532e\u4e4f\u800c\u5bfc\u81f4\u66f4\u9ad8\u7684\u4ea4\u6613\u6ed1\u70b9\uff0c\u4f53\u9a8c\u8fdc\u900a\u4e8e\u6210\u719f\u7684\u4e92\u8054\u7f51\u5238\u5546\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6b63\u662f\u56e0\u4e3a\u7f3a\u4e4f\u8db3\u591f\u5f3a\u5927\u7684\u4ef7\u503c\u4e3b\u5f20\u6765\u5438\u5f15\u5927\u89c4\u6a21\u7528\u6237\u548c\u8d44\u672c\u5165\u573a\uff0c\u94fe\u4e0a\u6d41\u52a8\u6027\u624d\u8fdf\u8fdf\u65e0\u6cd5\u6df1\u5316\uff0c\u5f62\u6210\u4e86\u4e00\u4e2a\u81ea\u6211\u5f3a\u5316\u7684\u8d1f\u53cd\u9988\u5faa\u73af\uff1a\u6ca1\u6709\u7528\u6237\u5c31\u6ca1\u6709\u6d41\u52a8\u6027\uff0c\u6ca1\u6709\u6d41\u52a8\u6027\u5c31\u66f4\u5438\u5f15\u4e0d\u6765\u7528\u6237<\/strong>\u3002\u9664\u975e\u80fd\u4e3a\u5b58\u91cf\u7528\u6237\u63d0\u4f9b\u4e0d\u53ef\u66ff\u4ee3\u7684\u5168\u65b0\u6548\u7528\uff0c\u5426\u5219\u5f88\u96be\u6253\u7834\u8fd9\u4e00\u50f5\u5c40\u3002<\/li>\n
- \u7ed3\u6784\u6027\u7f3a\u9677:<\/strong> \u76ee\u524d\u7684\u4ee3\u5e01\u5316\u80a1\u7968\u672c\u8d28\u4e0a\u53ea\u662f\u771f\u5b9e\u80a1\u7968\u7684“\u6570\u5b57\u5b6a\u751f”\uff0c\u4f46\u8fd9\u79cd\u590d\u5236\u5b58\u5728\u6839\u672c\u6027\u7f3a\u9677\u3002\u9996\u5148\uff0c24\/7 \u4ea4\u6613\u7684\u627f\u8bfa\u5f88\u5927\u7a0b\u5ea6\u4e0a\u662f\u865a\u5e7b\u7684<\/strong>\u3002\u5f53\u5e95\u5c42\u80a1\u7968\u5e02\u573a\uff08\u5982\u7eb3\u65af\u8fbe\u514b\uff09\u4f11\u5e02\u65f6\uff0c\u94fe\u4e0a\u505a\u5e02\u5546\u65e0\u6cd5\u5bf9\u51b2\u5176\u98ce\u9669\u655e\u53e3\uff0c\u53ea\u80fd\u901a\u8fc7\u6781\u7aef\u6269\u5927\u4ef7\u5dee\u6216\u76f4\u63a5\u64a4\u51fa\u6d41\u52a8\u6027\u7684\u65b9\u5f0f\u6765\u89c4\u907f\u98ce\u9669\uff0c\u8fd9\u4f7f\u5f97\u5468\u672b\u548c\u76d8\u540e\u4ea4\u6613\u7684\u6709\u6548\u6027\u5927\u6253\u6298\u6263\u3002\u5176\u6b21\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u5265\u79bb\u4e86\u5b8c\u6574\u7684\u80a1\u4e1c\u6743\u5229<\/strong>\u3002\u7528\u6237\u83b7\u5f97\u7684\u662f\u5bf9\u80a1\u7968\u7ecf\u6d4e\u4ef7\u503c\u7684\u7d22\u53d6\u6743\uff0c\u800c\u975e\u5305\u62ec\u6295\u7968\u6743\u5728\u5185\u7684\u5b8c\u6574\u6240\u6709\u6743\u3002<\/li>\n
- “\u53bb\u4e2d\u5fc3\u5316”\u5916\u8863\u4e0b\u7684\u4e2d\u5fc3\u5316\u98ce\u9669:<\/strong> \u5c3d\u7ba1\u8fd0\u884c\u5728\u53bb\u4e2d\u5fc3\u5316\u7684\u533a\u5757\u94fe\u4e0a\uff0c\u4f46\u8fd9\u4e9b RWA \u6a21\u578b\u7684\u4fe1\u4efb\u6839\u57fa\u5374\u9ad8\u5ea6\u96c6\u4e2d\u4e8e\u4e00\u7cfb\u5217\u94fe\u4e0b\u5b9e\u4f53\u3002\u65e0\u8bba\u662f\u53d1\u884c\u4ee3\u5e01\u7684 SPV\u3001\u8d1f\u8d23\u8d44\u4ea7\u6258\u7ba1\u7684\u7b2c\u4e09\u65b9\u94f6\u884c\u3001\u6267\u884c\u4ea4\u6613\u7684\u5408\u4f5c\u5238\u5546\uff0c\u8fd8\u662f\u8fde\u63a5\u6cd5\u5e01\u4e0e\u52a0\u5bc6\u4e16\u754c\u7684\u6865\u6881\uff0c\u6bcf\u4e00\u4e2a\u73af\u8282\u90fd\u662f\u4e00\u4e2a\u6f5c\u5728\u7684\u4e2d\u5fc3\u5316\u6545\u969c\u70b9<\/strong>\u3002\u8fd9\u4e9b\u4e2d\u5fc3\u5316\u5b9e\u4f53\u4e00\u65e6\u51fa\u73b0\u8fd0\u8425\u5931\u8d25\u3001\u6cd5\u5f8b\u7ea0\u7eb7\u3001\u751a\u81f3\u7834\u4ea7\u5012\u95ed\uff0c\u94fe\u4e0a\u7684\u4ee3\u5e01\u90fd\u53ef\u80fd\u77ac\u95f4\u4e27\u5931\u4ef7\u503c\u652f\u6491\u3002<\/li>\n
- DeFi \u53ef\u7ec4\u5408\u6027\u7684\u6f5c\u5728\u6096\u8bba:<\/strong> \u5bf9\u4e8e xStocks \u8fd9\u7c7b\u5f00\u653e\u5f0f\u6a21\u578b\u800c\u8a00\uff0c\u5176\u7ec8\u6781\u613f\u666f\u662f\u6210\u4e3a DeFi \u4e16\u754c\u7684“\u91d1\u94b1\u4e50\u9ad8”\u3002\u7136\u800c\uff0c\u8fd9\u79cd\u53ef\u7ec4\u5408\u6027\u9762\u4e34\u4e00\u4e2a\u4e25\u5cfb\u7684\u6096\u8bba\u3002\u4e00\u4e2a DeFi \u501f\u8d37\u534f\u8bae\u5728\u8003\u8651\u662f\u5426\u63a5\u53d7 TSLAx \u4f5c\u4e3a\u62b5\u62bc\u54c1\u65f6\uff0c\u4e0d\u4ec5\u8981\u8bc4\u4f30\u7279\u65af\u62c9\u80a1\u7968\u672c\u8eab\u7684\u4ef7\u683c\u6ce2\u52a8\u98ce\u9669\uff0c\u8fd8\u5fc5\u987b\u8bc4\u4f30\u5176\u4ee3\u5e01\u5316\u7ed3\u6784\u6240\u5e26\u6765\u7684\u5e73\u53f0\u98ce\u9669<\/strong>——\u5373\u53d1\u884c\u65b9 Backed Finance \u6216\u5176\u6258\u7ba1\u65b9\u8fdd\u7ea6\u7684\u98ce\u9669\u3002\u8fd9\u79cd“\u8d44\u4ea7\u98ce\u9669 + \u5e73\u53f0\u98ce\u9669”\u7684\u53cc\u91cd\u98ce\u9669\u655e\u53e3<\/strong>\uff0c\u4f7f\u5f97 DeFi \u534f\u8bae\u5728\u6574\u5408\u8fd9\u4e9b RWA \u8d44\u4ea7\u65f6\u6781\u4e3a\u8c28\u614e\u3002\u6b64\u5916\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u6a21\u7cca\u7684\u6cd5\u5f8b\u5730\u4f4d\u4e5f\u8ba9 DeFi \u534f\u8bae\u671b\u800c\u5374\u6b65\uff0c\u62c5\u5fc3\u4f1a\u56e0“\u975e\u6cd5\u7ecf\u8425\u8bc1\u5238\u4e1a\u52a1”\u800c\u62db\u81f4\u76d1\u7ba1\u6253\u51fb\u3002\u8fd9\u89e3\u91ca\u4e86\u4e3a\u4f55\u81f3\u4eca\u4ecd\u672a\u6709\u4e3b\u6d41 DeFi \u534f\u8bae\u5c06\u5b83\u4eec\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\uff0c\u5176\u901a\u5f80\u771f\u6b63\u53ef\u7ec4\u5408\u6027\u7684\u9053\u8def\u4f9d\u7136\u6f2b\u957f\u3002<\/li>\n<\/ul>\n
\u7ed3\u8bba\uff1a\u4e09\u79cd\u6a21\u5f0f\u8c01\u80fd\u8d62\u5f97\u672a\u6765\uff1f<\/strong><\/h3>\n\u8fd9\u573a\u7ade\u8d5b\u7684\u7ec8\u5c40\uff0c\u53ef\u80fd\u5e76\u975e\u53d6\u51b3\u4e8e\u8c01\u7684\u6cd5\u5f8b\u67b6\u6784\u66f4\u5de7\u5999\uff0c\u800c\u662f\u8c01\u80fd\u7387\u5148\u4e3a\u7528\u6237\u521b\u9020\u51fa\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ef7\u503c\u3002<\/p>\n
\n- Robinhood \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u89c4\u6a21\u5316<\/strong>\u3002\u5982\u679c\u5176\u76ee\u6807\u53ea\u662f\u5c06\u4e00\u4e2a\u719f\u6089\u7684\u8d44\u4ea7\u7c7b\u522b\uff0c\u7528\u4e00\u79cd\u65b0\u9896\u7684\u5f62\u5f0f\u63d0\u4f9b\u7ed9\u6570\u5343\u4e07\u73b0\u6709\u7528\u6237\uff0c\u90a3\u4e48\u5b83\u5f88\u53ef\u80fd\u5728\u7528\u6237\u6570\u91cf\u4e0a\u53d6\u80dc\u3002<\/li>\n
- xStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u751f\u6001\u5316<\/strong>\u3002\u5982\u679c“\u91d1\u878d\u4e50\u9ad8”\u7684\u53d9\u4e8b\u6210\u7acb\uff0c\u672a\u6765\u80fd\u6709\u5927\u91cf DeFi \u534f\u8bae\u5c06\u5176\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\u6216\u57fa\u7840\u8d44\u4ea7\uff0c\u6784\u5efa\u51fa\u94fe\u4e0a\u671f\u6743\u3001\u501f\u8d37\u548c\u7ed3\u6784\u5316\u4ea7\u54c1\uff0c\u90a3\u4e48\u5b83\u5c06\u8d62\u5f97 Web3 \u7684\u672a\u6765\u3002<\/li>\n
- StableStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u4f53\u9a8c\u5316<\/strong>\u3002\u5982\u679c\u5b83\u80fd\u8bc1\u660e“DeFi-lite”\u662f\u4e00\u4e2a\u771f\u5b9e\u5b58\u5728\u7684\u5e02\u573a\uff0c\u901a\u8fc7\u63d0\u4f9b\u4e00\u7ad9\u5f0f\u7684\u3001\u4f4e\u95e8\u69db\u7684“\u4ea4\u6613+\u6536\u76ca”\u4f53\u9a8c\uff0c\u5b83\u6216\u8bb8\u80fd\u5728\u4e3b\u6d41\u7528\u6237\u548c\u786c\u6838 DeFi \u7528\u6237\u4e4b\u95f4\u5f00\u8f9f\u51fa\u4e00\u7247\u84dd\u6d77\u3002<\/li>\n<\/ul>\n
\u5f52\u6839\u672c\u6e90\uff0c\u6240\u8c13\u7684“\u94fe\u4e0a\u7f8e\u80a1”\u4f9d\u65e7\u5904\u5728\u8bd5\u9a8c\u7530\u9636\u6bb5\uff0c\u76ee\u524d\u66f4\u50cf\u662f\u76d1\u7ba1\u7a7a\u9699\u4e0b\u7684\u4e00\u79cd\u91d1\u878d\u5305\u88c5\uff0c\u800c\u975e\u6210\u719f\u7684\u5e02\u573a\u5de5\u5177\u3002\u771f\u6b63\u80fd\u591f\u6539\u53d8\u6e38\u620f\u89c4\u5219\u7684\u8282\u70b9\uff0c\u4e0d\u5728\u4e8e\u8c01\u5148\u8dd1\u901a\u4e00\u4e2a\u6982\u5ff5\u9a8c\u8bc1\uff0c\u800c\u5728\u4e8e\u8c01\u80fd\u5728\u94fe\u4e0a\u4ea4\u4ed8\u96c6\u73b0\u8d27\u3001\u505a\u7a7a\u3001\u6760\u6746\u4e0e\u98ce\u9669\u7ba1\u7406\u4e8e\u4e00\u4f53\u7684\u5b8c\u6574\u4ea4\u6613\u4f53\u7cfb<\/strong>\u3002\u53ea\u6709\u5f53\u94fe\u4e0a\u80a1\u7968\u7684\u91d1\u878d\u53ef\u73a9\u6027\u548c\u529f\u80fd\u6027\u771f\u6b63\u6bd4\u80a9\u751a\u81f3\u8d85\u8d8a\u534e\u5c14\u8857\u7684\u8001\u724c\u5238\u5546\uff0c\u8fd9\u573a\u8f6c\u578b\u624d\u7b97\u8fdb\u5165\u5b9e\u8d28\u6027\u9636\u6bb5\u3002\u5c31\u5f53\u4e0b\u800c\u8a00\uff0c\u90a3\u4e9b\u5148\u884c\u8005\u4eec\u624d\u521a\u521a\u628a\u8f66\u8f6e\u538b\u4e0a\u8d5b\u9053\uff0c\u771f\u6b63\u7684\u7ade\u901f\u8fd8\u8fdc\u672a\u5f00\u59cb\u3002<\/p>\n\u672c\u6587\/\u535a\u5ba2\u4ec5\u4f9b\u53c2\u8003\uff0c\u4ee3\u8868\u4f5c\u8005\u7684\u4e2a\u4eba\u89c2\u70b9\uff0c\u5e76\u4e0d\u4ee3\u8868 Movemaker \u7684\u7acb\u573a\u3002\u672c\u6587\u65e0\u610f\u63d0\u4f9b\uff1a(i) \u6295\u8d44\u5efa\u8bae\u6216\u6295\u8d44\u63a8\u8350\uff1b(ii) \u8d2d\u4e70\u3001\u51fa\u552e\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u7684\u8981\u7ea6\u6216\u62db\u63fd\uff1b\u6216 (iii) \u8d22\u52a1\u3001\u4f1a\u8ba1\u3001\u6cd5\u5f8b\u6216\u7a0e\u52a1\u5efa\u8bae\u3002\u6301\u6709\u6570\u5b57\u8d44\u4ea7\uff0c\u5305\u62ec\u7a33\u5b9a\u5e01\u548c NFT\uff0c\u98ce\u9669\u6781\u9ad8\uff0c\u4ef7\u683c\u6ce2\u52a8\u8f83\u5927\uff0c\u751a\u81f3\u53ef\u80fd\u53d8\u5f97\u4e00\u6587\u4e0d\u503c\u3002\u60a8\u5e94\u6839\u636e\u81ea\u8eab\u7684\u8d22\u52a1\u72b6\u51b5\uff0c\u4ed4\u7ec6\u8003\u8651\u4ea4\u6613\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u662f\u5426\u9002\u5408\u60a8\u3002\u5982\u6709\u5177\u4f53\u60c5\u51b5\u65b9\u9762\u7684\u95ee\u9898\uff0c\u8bf7\u54a8\u8be2\u60a8\u7684\u6cd5\u5f8b\u3001\u7a0e\u52a1\u6216\u6295\u8d44\u987e\u95ee\u3002\u672c\u6587\u4e2d\u63d0\u4f9b\u7684\u4fe1\u606f\uff08\u5305\u62ec\u5e02\u573a\u6570\u636e\u548c\u7edf\u8ba1\u4fe1\u606f\uff0c\u82e5\u6709\uff09\u4ec5\u4f9b\u4e00\u822c\u53c2\u8003\u3002\u5728\u7f16\u5199\u8fd9\u4e9b\u6570\u636e\u548c\u56fe\u8868\u65f6\u5df2\u5c3d\u5408\u7406\u6ce8\u610f\uff0c\u4f46\u5bf9\u5176\u4e2d\u6240\u8868\u8fbe\u7684\u4efb\u4f55\u4e8b\u5b9e\u6027\u9519\u8bef\u6216\u9057\u6f0f\u6982\u4e0d\u8d1f\u8d23\u3002<\/p>\n
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1. Robinhood\uff1a\u884d\u751f\u54c1\u5408\u7ea6 + B2C + \u53d7\u63a7\u751f\u6001<\/strong><\/h4>\n\n- \n
\u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a\u5728\u5168\u7403\u8303\u56f4\u5185\u63a2\u7d22“\u52a0\u5bc6 + \u80a1\u7968”\u7ed3\u5408\u8def\u5f84\u7684\u516c\u53f8\u5e76\u4e0d\u7b97\u5c11\uff0c\u4f46 Robinhood \u7684\u505a\u6cd5\u5374\u663e\u5f97\u4e0e\u4f17\u4e0d\u540c\u3002\u5b83\u5e76\u6ca1\u6709\u9009\u62e9\u76f4\u63a5\u53d1\u884c\u4ee3\u8868\u80a1\u7968\u6240\u6709\u6743\u7684\u4ee3\u5e01\uff0c\u800c\u662f\u4ee5\u66f4\u7075\u6d3b\u7684\u65b9\u5f0f\u5207\u5165\u5e02\u573a\uff1a\u901a\u8fc7\u884d\u751f\u54c1\u7684\u8def\u5f84\u5b9e\u73b0\u5bf9\u6807\u7684\u8d44\u4ea7\u7684\u6620\u5c04\u3002\u5728\u6b27\u6d32\u4e0a\u7ebf\u7684\u4ea7\u54c1\uff0c\u672c\u8d28\u4e0a\u5e76\u975e\u8bc1\u5238\u4ea4\u6613\uff0c\u800c\u662f\u4f9d\u6258\u6b27\u76df MiFID II \u6846\u67b6<\/strong>\u53d1\u884c\u7684\u573a\u5916\u91d1\u878d\u5408\u7ea6\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u7528\u6237\u8d2d\u4e70\u7684\u5e76\u4e0d\u662f“\u80a1\u7968\u4ee3\u5e01”\uff0c\u800c\u662f\u4e00\u4efd\u53ef\u8ffd\u8e2a\u7279\u5b9a\u80a1\u4ef7\u6ce2\u52a8\u7684\u6570\u5b57\u51ed\u8bc1\u3002\u8fd9\u79cd\u6cd5\u5f8b\u8bbe\u8ba1\u8ba9 Robinhood \u907f\u5f00\u4e86\u7e41\u590d\u7684\u8bc1\u5238\u5408\u89c4\u58c1\u5792\uff0c\u4ee5\u6700\u4f4e\u7684\u963b\u529b\u6253\u5f00\u4e86\u6d77\u5916\u5e02\u573a\u3002<\/p>\n<\/li>\n- \n
\u6280\u672f\u67b6\u6784\u4e0e“\u56f4\u5899\u82b1\u56ed”\uff1a<\/strong><\/p>\n\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u9009\u62e9\u4e0a\uff0cRobinhood \u501f\u52a9 Arbitrum<\/strong> \u4f5c\u4e3a\u843d\u5730\u7f51\u7edc\u3002\u4e0e\u4ee5\u592a\u574a\u4e3b\u7f51\u76f8\u6bd4\uff0c\u5b83\u83b7\u5f97\u4e86\u66f4\u9ad8\u7684\u6027\u80fd\u3001\u66f4\u4f4e\u7684\u4ea4\u6613\u6210\u672c\uff0c\u540c\u65f6\u8fd8\u80fd\u7ee7\u627f\u6210\u719f\u7684\u4ee5\u592a\u574a\u5b89\u5168\u6027\u3002\u5728\u77ed\u77ed\u51e0\u7f8e\u5143\u7684 Gas \u6210\u672c\u4e0b\u5c31\u5b8c\u6210\u4e86\u4e0a\u767e\u79cd\u4ee3\u5e01\u7684\u90e8\u7f72\uff0c\u6548\u7387\u4f18\u52bf\u4e00\u76ee\u4e86\u7136\u3002<\/li>\n
- \u6743\u9650\u63a7\u5236\uff1a<\/strong> \u4e0d\u8fc7\uff0c\u8fd9\u4e00\u4f53\u7cfb\u5e76\u975e\u5f00\u653e\u5f0f\u7684 DeFi \u4e50\u56ed\u3002\u667a\u80fd\u5408\u7ea6\u5185\u90e8\u5199\u5165\u4e86\u4e25\u683c\u7684 \u767d\u540d\u5355\u89c4\u5219<\/strong>\uff0c\u6240\u6709\u4ea4\u6613\u90fd\u9700\u8981\u9a8c\u8bc1\u63a5\u6536\u65b9\u662f\u5426\u901a\u8fc7\u4e86 Robinhood \u7684\u5408\u89c4\u8ba4\u8bc1\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u8fd9\u662f\u4e00\u4e2a\u5178\u578b\u7684“\u53d7\u63a7\u533a”\uff0c\u7528\u6237\u5fc5\u987b\u5b8c\u6210 KYC \u624d\u80fd\u8fdb\u5165\uff0c\u751f\u6001\u88ab Robinhood \u81ea\u5df1\u7262\u7262\u628a\u63a7\uff0c\u4e5f\u56e0\u6b64\u727a\u7272\u4e86\u4e0e\u5916\u90e8 DeFi \u4e16\u754c\u7684\u4e92\u901a\u6027\u3002<\/li>\n
- \u672a\u6765\u91ce\u5fc3\uff1a<\/strong> \u66f4\u8010\u4eba\u5bfb\u5473\u7684\u662f Robinhood \u7684\u4e0b\u4e00\u6b65\u68cb\u3002\u516c\u53f8\u6b63\u915d\u917f\u57fa\u4e8e Arbitrum \u6280\u672f\u6808\u63a8\u51fa\u81ea\u6709\u7684 Layer 2 \u7f51\u7edc——Robinhood Chain<\/strong>\u3002\u8fd9\u4e00\u52a8\u4f5c\u5e76\u4e0d\u4ec5\u4ec5\u662f\u964d\u4f4e\u6210\u672c\uff0c\u800c\u662f\u91ca\u653e\u51fa\u66f4\u5f3a\u70c8\u7684\u4fe1\u53f7\uff1aRobinhood \u60f3\u8981\u5728\u5e95\u5c42\u6280\u672f\u4e0a\u638c\u63e1\u4e3b\u52a8\u6743\uff0c\u4e3a\u672a\u6765\u5927\u89c4\u6a21\u7684 RWA\u6218\u7565\u63d0\u4f9b\u91cf\u8eab\u5b9a\u5236\u7684\u73af\u5883\u3002<\/li>\n<\/ul>\n<\/li>\n
- \n
\u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u5982\u679c\u628a\u8fd9\u5957\u6a21\u5f0f\u5355\u7eaf\u7406\u89e3\u4e3a“\u5c01\u95ed\u82b1\u56ed”\uff0c\u5176\u5b9e\u4f4e\u4f30\u4e86 Robinhood \u7684\u91ce\u5fc3\u3002CEO Vlad Tenev \u591a\u6b21\u63d0\u5230\u516c\u53f8\u7684\u613f\u666f\u662f“Capital as a Service”\uff08\u8d44\u672c\u5373\u670d\u52a1\uff09\u3002\u4ee3\u5e01\u5316\u5e76\u4e0d\u662f\u5671\u5934\uff0c\u800c\u662f Robinhood \u63a8\u8fdb\u91d1\u878d\u6c11\u4e3b\u5316\u7684\u91cd\u8981\u5de5\u5177\uff0c\u5c24\u5176\u9488\u5bf9\u90a3\u4e9b\u957f\u671f\u9501\u5728\u9ad8\u51c0\u503c\u4eba\u7fa4\u624b\u4e2d\u7684\u975e\u6d41\u52a8\u6027\u8d44\u4ea7\u3002\u60f3\u8c61\u4e00\u4e0b\uff0c\u5982\u679c\u666e\u901a\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u884d\u751f\u54c1\u4ee3\u5e01\u7684\u65b9\u5f0f\uff0c\u95f4\u63a5\u83b7\u5f97 SpaceX \u6216 OpenAI \u8fd9\u7c7b\u672a\u4e0a\u5e02\u5de8\u5934\u7684\u80a1\u6743\u655e\u53e3\uff0c\u8d44\u672c\u5e02\u573a\u7684\u6743\u529b\u7ed3\u6784\u5c06\u88ab\u91cd\u65b0\u6d17\u724c\u3002<\/p>\n\u5f53\u7136\uff0c\u73b0\u5b9e\u5e76\u4e0d\u5b8c\u5168\u4e50\u89c2\u3002\u9876\u7ea7\u79c1\u52df\u516c\u53f8\u5f80\u5f80\u8d44\u91d1\u4e0d\u7f3a\uff0c\u56e0\u6b64\u51e0\u4e4e\u4e0d\u53ef\u80fd\u4e3b\u52a8“\u9080\u8bf7\u6563\u6237\u8fdb\u5165”\u3002\u8fd9\u610f\u5473\u7740\u4ee3\u5e01\u5316\u65b9\u6848\u5fc5\u987b\u7ed5\u8fc7\u4f20\u7edf\u53d1\u884c\u903b\u8f91\uff0c\u624d\u80fd\u89e6\u53ca\u666e\u901a\u6295\u8d44\u8005\u3002\u4f46\u8fd9\u79cd\u6a21\u5f0f\u4e5f\u6697\u85cf\u98ce\u9669\uff1aRobinhood \u5728\u63a8\u51fa OpenAI \u76f8\u5173\u4ee3\u5e01\u540e\uff0c\u516c\u53f8\u65b9\u9762\u7acb\u5373\u53d1\u8868\u58f0\u660e\u6f84\u6e05\u4e0e\u5176\u65e0\u5173\uff0c\u8fd9\u4e5f\u66b4\u9732\u51fa\u4e00\u4e2a\u95ee\u9898——\u884d\u751f\u54c1\u6a21\u5f0f\u5728\u4fe1\u606f\u900f\u660e\u548c\u6295\u8d44\u8005\u7406\u89e3\u5c42\u9762\u53ef\u80fd\u5b58\u5728\u5de8\u5927\u9e3f\u6c9f\u3002<\/p>\n
\u5982\u679c\u4e0e\u5176\u4ed6\u5e73\u53f0\u505a\u4e2a\u5bf9\u6bd4\uff0cRobinhood \u7684\u5207\u53e3\u4e0e\u4f20\u7edf\u7684\u94fe\u4e0a\u8bc1\u5238\u5c1d\u8bd5\uff08\u5982 Synthetix \u7684\u5408\u6210\u8d44\u4ea7\uff0c\u6216 Polymarket \u7684\u9884\u6d4b\u5e02\u573a\uff09\u4e0d\u540c\u3002\u5b83\u5e76\u4e0d\u662f\u5f3a\u8c03 DeFi \u7684\u5b8c\u5168\u5f00\u653e\u6027\uff0c\u800c\u662f\u901a\u8fc7“\u5f3a\u5408\u89c4 + \u9ad8\u7528\u6237\u4f53\u9a8c”\u7684\u7ec4\u5408\u6765\u62a2\u5360\u5e02\u573a\u3002\u5176\u903b\u8f91\u66f4\u50cf\u662f\u91d1\u878d\u79d1\u6280\u5e73\u53f0\u7684\u5ef6\u4f38\uff0c\u800c\u975e\u5f7b\u5e95\u7684\u94fe\u4e0a\u539f\u6559\u65e8\u4e3b\u4e49\u3002<\/p>\n
\u5982\u679c\u76d1\u7ba1\u9ed8\u8bb8\u751a\u81f3\u9010\u6b65\u63a5\u53d7<\/strong>\uff0cRobinhood \u5c06\u7387\u5148\u5efa\u7acb\u8d77\u8986\u76d6\u6563\u6237\u3001\u5408\u89c4\u548c RWA \u7684\u8d85\u7ea7\u5165\u53e3\uff0c\u751a\u81f3\u53ef\u80fd\u6210\u4e3a\u6b27\u7f8e\u6563\u6237\u8fdb\u5165\u4ee3\u5e01\u5316\u91d1\u878d\u7684\u7b2c\u4e00\u7ad9\u3002<\/p>\n<\/li>\n<\/ul>\n\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> Robinhood \u7684\u5c1d\u8bd5\u5e76\u975e\u5355\u7eaf\u7684“\u628a\u80a1\u7968\u642c\u4e0a\u533a\u5757\u94fe”\uff0c\u800c\u662f\u4e00\u6b21\u5229\u7528\u52a0\u5bc6\u6280\u672f\u91cd\u5851\u4f20\u7edf\u884d\u751f\u54c1\u5206\u53d1\u6a21\u5f0f\u7684\u5b9e\u9a8c\u3002\u5b83\u7528\u533a\u5757\u94fe\u6765\u63d0\u5347\u4ea7\u54c1\u4ea4\u4ed8\u548c\u5408\u89c4\u6548\u7387\uff0c\u76ee\u6807\u8fdc\u8d85\u52a0\u5bc6\u5708\u672c\u8eab\uff0c\u771f\u6b63\u6307\u5411\u7684\u662f\u6574\u4e2a\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u65b0\u5b9a\u4e49\u3002<\/p>\n2. xStocks \uff1a\u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01 + B2B2C + \u5b8c\u5168\u53ef\u7ec4\u5408\u6027<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\u4e0e\u5408\u89c4\u8def\u5f84\uff1a<\/strong> \u5728\u4ee3\u5e01\u5316\u80a1\u7968\u8d5b\u9053\u4e0a\uff0cxStocks \u7684\u5b9a\u4f4d\u9887\u4e3a\u72ec\u7279\u3002\u4e0e\u4e00\u4e9b\u53ea\u63d0\u4f9b\u4ef7\u683c\u6620\u5c04\u7684\u884d\u751f\u54c1\u5e73\u53f0\u4e0d\u540c\uff0c\u5b83\u8d70\u7684\u662f\u5b9e\u7269\u8d44\u4ea7\u5b8c\u5168\u6620\u5c04<\/strong>\u7684\u9053\u8def\u3002\u6574\u4e2a\u67b6\u6784\u7531\u745e\u58eb\u5408\u89c4\u56e2\u961f Backed Finance \u6253\u9020\uff0c\u9075\u5faa\u745e\u58eb\u7684 DLT \u6cd5\u5f8b\u6846\u67b6<\/strong>\uff0c\u5e76\u901a\u8fc7\u5728\u5217\u652f\u6566\u58eb\u767b\u8bbe\u7acb\u7684\u7279\u6b8a\u76ee\u7684\u8f7d\u4f53\uff08SPV\uff09\u6765\u6258\u7ba1\u771f\u5b9e\u80a1\u7968\u3002\u8fd9\u4e2a SPV \u53ea\u8d1f\u8d23\u4e00\u4ef6\u4e8b——\u6301\u6709\u5e95\u5c42\u8d44\u4ea7\u672c\u8eab\uff0c\u5e76\u5728\u6cd5\u5f8b\u4e0a\u4e0e\u53d1\u884c\u4e3b\u4f53\u548c\u4ea4\u6613\u5e73\u53f0\u5b8c\u5168\u9694\u79bb\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u5373\u4fbf\u8fd0\u8425\u65b9\u51fa\u73b0\u95ee\u9898\uff0c\u6295\u8d44\u8005\u6743\u76ca\u4e5f\u80fd\u88ab\u72ec\u7acb\u4fdd\u62a4\u3002\u6295\u8d44\u8005\u62ff\u5230\u7684\u4e0d\u662f\u4e00\u5f20“\u5408\u7ea6\u7eb8”\uff0c\u800c\u662f\u5bf9\u5e94\u4e8e\u771f\u5b9e\u8d44\u4ea7\u7684\u4f18\u5148\u62c5\u4fdd\u503a\u6743\u51ed\u8bc1\u3002<\/li>\n
- \u6280\u672f\u67b6\u6784\u4e0e\u900f\u660e\u5ea6\uff1a<\/strong>\n
\n- \u5e95\u5c42\u94fe\u9009\u62e9\uff1a<\/strong> \u5728\u6280\u672f\u5c42\u9762\uff0cxStocks \u5c06\u4ee3\u5e01\u53d1\u884c\u653e\u5728 Solana<\/strong> \u4e0a\u3002\u539f\u56e0\u4e0d\u96be\u7406\u89e3\uff1a\u9ad8\u901f\u541e\u5410\u3001\u4f4e\u6210\u672c\u3001\u786e\u8ba4\u5ef6\u8fdf\u6781\u4f4e\uff0c\u8fd9\u4e9b\u7279\u6027\u5929\u7136\u9002\u5408\u9891\u7e41\u4ea4\u6613\u548c DeFi \u7ec4\u5408\u73a9\u6cd5\u3002<\/li>\n
- \u900f\u660e\u5ea6\u57fa\u77f3\uff1a<\/strong> \u4e3a\u4e86\u8ba9\u6295\u8d44\u8005\u4fe1\u4efb\u5176\u4ee3\u5e01\u786e\u5b9e\u6709\u771f\u5b9e\u50a8\u5907\u652f\u6301\uff0cxStocks \u5f15\u5165\u4e86 Chainlink \u7684\u50a8\u5907\u91d1\u8bc1\u660e<\/strong>\uff0c\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u968f\u65f6\u94fe\u4e0a\u9a8c\u8bc1\u50a8\u5907\u60c5\u51b5\uff0c\u8fd9\u8ba9\u5176“\u8d44\u4ea7\u4ee3\u5e01”\u591a\u4e86\u4e00\u5c42\u900f\u660e\u5ea6\u80cc\u4e66\u3002<\/li>\n
- \u5f00\u653e\u5f0f\u5408\u7ea6\uff1a<\/strong> \u53e6\u4e00\u65b9\u9762\uff0c\u4f5c\u4e3a\u6807\u51c6\u7684 SPL \u4ee3\u5e01\uff0cxStocks \u4ee3\u5e01\u80fd\u591f\u5728 Solana \u4e0a\u81ea\u7531\u6d41\u901a\uff0c\u4e0e Jupiter\u3001Kamino \u7b49\u539f\u751f DeFi \u534f\u8bae\u8f7b\u677e\u6253\u901a\uff0c\u5177\u5907\u5b8c\u5168\u53ef\u7ec4\u5408\u6027\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u6218\u7565\u6df1\u5ea6\u4e0e\u613f\u666f\uff1a<\/strong> \u4ece\u5546\u4e1a\u8def\u5f84\u4e0a\u770b\uff0cxStocks \u5e76\u4e0d\u662f\u76f4\u63a5\u9762\u5411 C \u7aef\u7684\u95ed\u73af\uff0c\u800c\u662f\u91c7\u7528 B2B2C \u7684\u5206\u9500\u903b\u8f91<\/strong>\u3002\u4e00\u7ea7\u5e02\u573a\u7684\u4ee3\u5e01\u7533\u8d4e\u7531 Backed Finance \u9762\u5411\u673a\u6784\u5b8c\u6210\uff0c\u800c\u4e8c\u7ea7\u5e02\u573a\u7684\u4ea4\u6613\u5219\u4f9d\u6258\u4e8e Kraken\u3001Bybit \u7b49\u4ea4\u6613\u6240\u3002\u8fd9\u6837\u4e00\u6765\uff0c\u5b83\u65e2\u80fd\u5438\u5f15\u4e13\u4e1a\u673a\u6784\uff0c\u53c8\u80fd\u901a\u8fc7\u6210\u719f\u4ea4\u6613\u6240\u89e6\u8fbe\u5927\u91cf\u6563\u6237\uff0c\u6700\u7ec8\u5728\u5f00\u653e\u7684\u751f\u6001\u91cc\u91ca\u653e\u6d41\u52a8\u6027\u3002\u6570\u636e\u5df2\u7ecf\u8bc1\u660e\u4e86\u8fd9\u79cd\u6a21\u5f0f\u7684\u6f5c\u529b\uff1a\u5728\u83b7\u5f97\u4e3b\u6d41\u5e73\u53f0\u652f\u6301\u540e\uff0c\u5176\u5355\u65e5\u4ea4\u6613\u91cf\u4e00\u5ea6\u7a81\u7834 600 \u4e07\u7f8e\u5143\u3002\u66f4\u957f\u8fdc\u7684\u613f\u666f\u662f\u628a\u8fd9\u5957\u6a21\u5f0f\u53d1\u5c55\u4e3a“\u4ee3\u5e01\u5316\u5373\u670d\u52a1”\uff0c\u4e3a\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u6807\u51c6\u5316\u7684\u8d44\u4ea7\u4e0a\u94fe\u5de5\u5177\u3002<\/li>\n<\/ul>\n
xStocks \u7684\u6253\u6cd5\u4e0e Robinhood \u5f62\u6210\u4e86\u9c9c\u660e\u5bf9\u7167\u3002Robinhood \u7684\u6a21\u5f0f\u66f4\u50cf\u662f“\u91d1\u878d\u884d\u751f\u54c1\u6570\u5b57\u5316”\uff0c\u4f9d\u9760\u53d7\u63a7\u767d\u540d\u5355\u673a\u5236\u9501\u4f4f\u7528\u6237\uff1b\u800c xStocks \u5219\u662f\u771f\u5b9e\u8d44\u4ea7\u4e0a\u94fe\uff0c\u5e76\u4fdd\u6301\u4e0e DeFi \u7684\u5b8c\u5168\u4e92\u64cd\u4f5c\u3002\u8fd9\u610f\u5473\u7740\u5b83\u5929\u7136\u66f4\u5951\u5408 Web3 \u7684“\u5f00\u653e\u4e50\u9ad8”\u53d9\u4e8b\uff0c\u4f46\u540c\u65f6\u4e5f\u9700\u8981\u627f\u62c5\u5f00\u653e\u73af\u5883\u4e0b\u7684\u76d1\u7ba1\u7070\u8272\u5730\u5e26\u548c\u98ce\u9669\u5916\u6ea2\u95ee\u9898\u3002<\/p>\n
\u8fd9\u79cd\u6a21\u5f0f\u80fd\u5426\u8d70\u901a\uff0c\u53d6\u51b3\u4e8e\u4e24\u70b9\uff1a<\/code><\/p>\n1. \u80fd\u5426\u771f\u6b63\u5efa\u7acb\u6df1\u5ea6\u6d41\u52a8\u6027<\/strong>\u3002\u5982\u679c\u4ee3\u5e01\u5316\u8d44\u4ea7\u53ea\u662f\u5355\u5411\u53d1\u884c\uff0c\u7f3a\u4e4f\u8db3\u591f\u7684\u4ea4\u6613\u5bf9\u624b\u65b9\u548c\u5957\u5229\u673a\u5236\uff0c\u90a3\u4e48\u5b83\u7684\u5e02\u573a\u610f\u4e49\u5c06\u975e\u5e38\u6709\u9650\u3002<\/code><\/p>\n2. \u80fd\u5426\u8d62\u5f97\u957f\u671f\u76d1\u7ba1\u5bb9\u5fcd\u5ea6\u3002<\/strong>\u5f53\u524d SPV \u67b6\u6784\u5728\u6cd5\u5f8b\u4e0a\u5df2\u7ecf\u5b9e\u73b0\u9694\u79bb\uff0c\u4f46\u672a\u6765\u5404\u56fd\u5bf9“\u4ee3\u5e01\u5316\u8bc1\u5238”\u7684\u8ba4\u5b9a\u5c1a\u672a\u7edf\u4e00\u3002\u4e00\u65e6\u51fa\u73b0\u76d1\u7ba1\u51b2\u7a81\uff0c\u751f\u6001\u53ef\u80fd\u906d\u9047\u91cd\u5927\u6ce2\u52a8\u3002<\/code><\/p>\n<\/pre>\n\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cxStocks \u7684\u6a21\u5f0f\u53ef\u80fd\u4f1a\u542f\u53d1\u66f4\u5e7f\u6cdb\u7684\u5e94\u7528\u573a\u666f\u3002\u4f8b\u5982\uff0c\u5b83\u4e3a\u7a33\u5b9a\u5e01\u4e4b\u5916\u7684“\u8d44\u4ea7\u80cc\u4e66\u578b\u4ee3\u5e01”\u63d0\u4f9b\u4e86\u4e00\u79cd\u53ef\u590d\u5236\u7684\u8303\u5f0f\uff0c\u5c24\u5176\u9002\u7528\u4e8e\u503a\u5238\u3001ETF\u3001\u751a\u81f3\u827a\u672f\u54c1\u57fa\u91d1\u7684\u4ee3\u5e01\u5316\u3002\u4e0e\u5355\u4e00\u4ea4\u6613\u6240\u63a8\u51fa\u7684“\u53d7\u63a7\u4ee3\u5e01”\u4e0d\u540c\uff0c\u5b83\u5f3a\u8c03\u4e0e DeFi \u6a21\u5757\u7684\u81ea\u7531\u7ec4\u5408\u6027\uff0c\u8fd9\u4e3a\u6574\u4e2a\u52a0\u5bc6\u751f\u6001\u6ce8\u5165\u4e86\u65b0\u7684\u6d41\u52a8\u6027\u6765\u6e90\u3002<\/p>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> xStocks \u4e0d\u662f\u5728\u91cd\u5851\u4ea4\u6613\u6240\uff0c\u800c\u662f\u5728\u4e3a DeFi \u63d0\u4f9b\u65b0\u7684\u8d44\u4ea7\u5e95\u5c42\u3002\u5b83\u8bd5\u56fe\u628a\u4f20\u7edf\u91d1\u878d\u7684\u4ef7\u503c\u771f\u5b9e\u3001\u900f\u660e\u5730\u642c\u5230\u94fe\u4e0a\uff0c\u5e76\u901a\u8fc7\u5f00\u653e\u5f0f\u7ec4\u5408\u5851\u9020\u51fa\u65b0\u7684\u5e02\u573a\u751f\u6001\u3002\u5982\u679c\u8bf4 Robinhood \u7684\u65b9\u5411\u662f“\u4e1a\u52a1\u4e0a\u94fe”\uff0c\u90a3\u4e48 xStocks \u7684\u903b\u8f91\u66f4\u50cf\u662f“\u8d44\u4ea7\u4e0a\u94fe”\u3002<\/p>\n3. StableStocks\uff1a\u4ee3\u7406\u6301\u80a1 + B2C + \u5e73\u53f0\u5185\u7ec4\u5408\u673a\u5236<\/strong><\/h4>\n\n- \u6cd5\u5f8b\u5185\u6838\uff1a<\/strong> StableStocks \u91c7\u53d6\u4e86\u4e00\u79cd\u72ec\u7279\u7684“\u4ee3\u7406\u6301\u80a1 + \u53d7\u76ca\u4eba”\u6a21\u5f0f\u3002\u5e73\u53f0\u901a\u8fc7\u8bbe\u7acb\u4e13\u95e8\u7684 SPV\uff0c\u5e76\u4e0e\u6301\u724c\u8bc1\u5238\u5546\uff08\u4f8b\u5982\u6fb3\u6d32\u7684 HABIT TRADE\uff09\u5408\u4f5c\u5f00\u8bbe\u673a\u6784\u8d26\u6237\uff0c\u5b9e\u9645\u4e70\u5165\u5e76\u6258\u7ba1\u80a1\u7968\u3002\u6700\u7ec8\u6295\u8d44\u8005\u5e76\u4e0d\u76f4\u63a5\u6301\u80a1\uff0c\u800c\u662f\u4f5c\u4e3a\u53d7\u76ca\u4eba\u4eab\u6709\u5bf9\u5e94\u6743\u76ca\u3002\u8fd9\u79cd\u5b89\u6392\u8ba9 StableStocks \u5728\u4e0d\u76f4\u63a5\u6301\u6709\u5b8c\u6574\u5238\u5546\u724c\u7167\u7684\u60c5\u51b5\u4e0b\uff0c\u4ecd\u7136\u80fd\u4f9d\u6258\u5408\u4f5c\u65b9\u7684\u5408\u89c4\u4f53\u7cfb\u6765\u8fd0\u4f5c\uff0c\u517c\u987e\u5408\u89c4\u6027\u4e0e\u7075\u6d3b\u6027\u3002<\/li>\n
- \u5546\u4e1a\u6a21\u5f0f\uff1a<\/strong> StableStocks \u7684\u5b9a\u4f4d\u662f\u5178\u578b\u7684 B2C \u6a21\u5f0f<\/strong>\uff0c\u5b83\u628a\u5165\u91d1\u3001\u4ea4\u6613\u3001\u6258\u7ba1\u3001\u884d\u751f\u73a9\u6cd5\u5168\u90e8\u6253\u5305\u5728\u81ea\u6709\u5e73\u53f0\u4e2d\u3002\u4e0e\u4e00\u4e9b\u8d70 B2B2C \u7684\u65b9\u6848\u4e0d\u540c\uff0cStableStocks \u66f4\u503e\u5411\u4e8e\u81ea\u5df1\u76f4\u63a5\u670d\u52a1\u7ec8\u7aef\u7528\u6237\u3002\u5728\u751f\u6001\u4e0a\uff0c\u5b83\u4e0e \u5e01\u5b89\u53ca BNB Chain<\/strong> \u7ed1\u5b9a\u7d27\u5bc6\u3002<\/li>\n
- \u53ef\u7ec4\u5408\u6027\uff1a<\/strong> StableStocks \u7684\u6838\u5fc3\u5dee\u5f02\u70b9\u5728\u4e8e\uff0c\u5b83\u6ca1\u6709\u8ffd\u6c42\u5b8c\u5168\u5f00\u653e\u7684\u5916\u90e8\u7ec4\u5408\u6027\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a \u5185\u90e8\u53ef\u7ec4\u5408\u7684\u95ed\u73af\u4f53\u7cfb<\/strong>\u3002\u7528\u6237\u6301\u6709\u7684\u80a1\u7968\u6743\u76ca\u4ee3\u5e01\uff0c\u53ef\u4ee5\u8fdb\u4e00\u6b65\u5b58\u5165\u5e73\u53f0\u7684 “StableVault”\uff0c\u518d\u94f8\u9020\u51fa\u5e26\u6536\u76ca\u5c5e\u6027\u7684 stStock\u3002\u8fd9\u662f\u4e00\u79cd“\u5e26\u56f4\u5899\u7684\u91d1\u878d\u6e38\u4e50\u573a”\u903b\u8f91——\u73a9\u6cd5\u6709\u9650\u5236\uff0c\u4f46\u4f53\u9a8c\u66f4\u53ef\u63a7\u3002<\/li>\n<\/ul>\n
\u4ece\u66f4\u7cfb\u7edf\u7684\u89d2\u5ea6\u6765\u770b\uff0cStableStocks \u7684\u6a21\u5f0f\u94fe\u8def\u53ef\u4ee5\u62c6\u89e3\u4e3a\u4e94\u4e2a\u5173\u952e\u73af\u8282\uff1a<\/p>\n
\n- \u80a1\u7968\u83b7\u53d6\u4e0e\u6765\u6e90<\/strong>\n
\n- \u6765\u81ea\u6301\u724c\u5238\u5546\u7684\u771f\u5b9e\u80a1\u7968\uff1a\n
\n- \u6fb3\u6d32 Habit Trade\uff08\u6301\u80a1 70%\uff09\u8d1f\u8d23\u7f8e\u80a1\u6e20\u9053<\/li>\n<\/ul>\n<\/li>\n
- \u4f20\u7edf\u94f6\u884c\uff08\u5982\u6fb3\u65b0\u3001\u661f\u5c55\uff09\u5219\u63d0\u4f9b\u6cd5\u5e01\u7ed3\u7b97\u548c\u8d44\u91d1\u901a\u9053\u652f\u6301\u3002<\/li>\n
- \u80a1\u7968\u6765\u6e90\u771f\u5b9e\uff0c\u4e0d\u662f\u5408\u6210\u8d44\u4ea7\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7ed3\u7b97\u4e0e\u6258\u7ba1\u673a\u5236<\/strong>\n
\n- \u80a1\u7968\u7531 SPV \u7edf\u4e00\u6258\u7ba1\uff0c\u9694\u79bb\u98ce\u9669\uff1b<\/li>\n
- \u4e0e\u7eb3\u65af\u8fbe\u514b\u7684\u6e05\u7b97\u5546\u5408\u4f5c\uff0c\u4fdd\u8bc1\u5e95\u5c42\u8d44\u4ea7\u6d41\u8f6c\u5408\u89c4\u3001\u7a33\u5b9a\u3002<\/li>\n
- \u786e\u4fdd 1:1 \u5bf9\u5e94\u5173\u7cfb\uff0c\u964d\u4f4e\u5bf9\u624b\u65b9\u8fdd\u7ea6\u98ce\u9669\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u4ee3\u5e01\u5316\u4e0e\u4e0a\u94fe\u53d1\u884c<\/strong>\n
\n- StableStocks \u5c06\u6258\u7ba1\u80a1\u7968\u6620\u5c04\u6210 \u80a1\u7968\u4ee3\u5e01<\/strong>\uff1b<\/li>\n
- \u4ee3\u5e01\u53d1\u884c\u8fd0\u884c\u5728 BNB Chain<\/strong> \u4e0a\uff0c\u83b7\u5f97\u5e01\u5b89\u94b1\u5305\u548c\u4ea4\u6613\u751f\u6001\u652f\u6301\uff1b<\/li>\n
- \u6bcf\u4e2a\u4ee3\u5e01\u80cc\u540e\u90fd\u6709\u5b9e\u9645\u8d44\u4ea7\u652f\u6491\uff0c\u5c5e\u4e8e\u6807\u51c6\u7684 \u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01<\/strong>\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7a33\u5b9a\u5e01\u4e0e\u5e01\u5708\u5165\u53e3<\/strong>\n
\n- \u4e0e Coinbase<\/strong> \u7684\u7a33\u5b9a\u5e01\u901a\u9053\u5bf9\u63a5\uff0c\u7528\u6237\u53ef\u4ee5\u7528 USDC \u76f4\u63a5\u5151\u6362\u80a1\u7968\u4ee3\u5e01\uff1b<\/li>\n
- \u89e3\u51b3\u4e86\u6cd5\u5e01\u7528\u6237\u4e0e\u52a0\u5bc6\u7528\u6237\u4e4b\u95f4\u7684\u8d44\u91d1\u8f6c\u6362\u58c1\u5792\u3002<\/li>\n<\/ul>\n<\/li>\n
- \u7528\u6237\u7aef\u4f7f\u7528\u4e0e\u6269\u5c55<\/strong>\n
\n- \u80a1\u7968\u4ee3\u5e01\u53ef\u5728 Binance \u94b1\u5305\u6301\u6709\u3001\u4ea4\u6613\uff1b<\/li>\n
- \u9664\u4e86\u6295\u8d44\u672c\u8eab\uff0c\u8fd8\u80fd\u88ab\u5d4c\u5165 StableStocks \u81ea\u5efa\u7684 DeFi \u6a21\u5757\uff08\u8d28\u62bc\u3001\u6536\u76ca\u589e\u5f3a\uff09\u3002<\/li>\n
- \u7528\u6237\u4f53\u9a8c\u4e0a\u66f4\u63a5\u8fd1 “Robinhood + DeFi-lite” \u7684\u7ed3\u5408\u4f53\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
StableStocks \u8d70\u7684\u662f“\u4e2d\u95f4\u9053\u8def”——\u65e2\u4e0d\u50cf Robinhood \u90a3\u6837\u5c01\u95ed\u5230\u53ea\u6709\u4ea4\u6613\uff0c\u53c8\u4e0d\u50cf xStocks \u90a3\u6837\u5b8c\u5168\u5f00\u653e\u5230\u4e0e\u6574\u4e2a DeFi \u4e50\u9ad8\u878d\u5408\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a\u534a\u5f00\u653e\u7684\u4f53\u7cfb\u3002\u5bf9\u4f20\u7edf\u91d1\u878d\u6295\u8d44\u8005\uff0c\u5b83\u63d0\u4f9b\u4e86\u65b0\u7684\u8fdb\u5165\u94fe\u4e0a\u5e02\u573a\u7684\u65b9\u5f0f\uff1b\u5bf9\u52a0\u5bc6\u7528\u6237\uff0c\u5b83\u63d0\u4f9b\u4e86\u63a5\u89e6\u7279\u65af\u62c9\u3001\u82f9\u679c\u3001\u9ea6\u5f53\u52b3\u7b49\u84dd\u7b79\u80a1\u7684\u4fbf\u6377\u5165\u53e3\u3002\u5176\u6838\u5fc3\u5356\u70b9\u662f:<\/p>\n
\n- \u5408\u89c4\uff1a\u501f\u7528\u6301\u724c\u5238\u5546\u4f53\u7cfb\uff1b<\/li>\n
- \u7a33\u5b9a\uff1a\u6e05\u7b97\u5546 + SPV \u6258\u7ba1\uff1b<\/li>\n
- \u6613\u7528\uff1aB2C \u95ed\u73af\uff1b<\/li>\n
- \u521b\u65b0\uff1a\u5185\u90e8\u53ef\u7ec4\u5408 DeFi-lite\u3002<\/li>\n<\/ul>\n
\u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> StableStocks \u662f\u4e00\u6761\u4e2d\u95f4\u8def\u7ebf\uff0c\u5b83\u8bd5\u56fe\u5728 Robinhood \u7684\u5c01\u95ed\u6613\u7528\u548c xStocks \u7684\u5f00\u653e\u590d\u6742\u4e4b\u95f4\u627e\u5230\u5e73\u8861\u3002\u5b83\u8d4c\u7684\u662f\uff0c\u7528\u6237\u60f3\u8981\u7684\u662f“DeFi-lite”\u7684\u4f53\u9a8c——\u65e2\u80fd\u4eab\u53d7 DeFi \u5e26\u6765\u7684\u6536\u76ca\u589e\u5f3a\uff0c\u53c8\u4e0d\u5fc5\u627f\u62c5\u5f00\u653e DeFi \u7684\u5168\u90e8\u98ce\u9669\u548c\u590d\u6742\u6027\u3002<\/p>\n\u4e09\u89d2\u5bf9\u6bd4\uff1aStableStocks vs xStocks vs Robinhood<\/strong><\/p>\n<\/p>\n
\u56db\u3001\u96be\u4ee5\u903e\u8d8a\u7684\u7ed3\u6784\u6027\u969c\u788d<\/strong><\/h3>\n\u5c3d\u7ba1\u6a21\u5f0f\u5404\u5f02\uff0c\u4f46\u73b0\u9636\u6bb5\u6240\u6709\u7684\u80a1\u7968\u4ee3\u5e01\u5316\u65b9\u6848\u90fd\u9762\u4e34\u7740\u51e0\u4e2a\u5171\u540c\u7684\u3001\u77ed\u671f\u5185\u96be\u4ee5\u89e3\u51b3\u7684\u7ed3\u6784\u6027\u969c\u788d\uff1a<\/p>\n
\n- \u4ef7\u503c\u4e3b\u5f20\u4e0e\u5b9e\u9645\u6d41\u52a8\u6027\u7684\u77db\u76fe:<\/strong> \u5f53\u524d\u6240\u6709\u5e73\u53f0\u90fd\u9762\u4e34\u4e00\u4e2a\u7ecf\u5178\u7684“\u5148\u6709\u9e21\u8fd8\u662f\u5148\u6709\u86cb”\u7684\u56f0\u5883\u3002\u4e00\u65b9\u9762\uff0c\u5bf9\u4e8e\u5df2\u7ecf\u80fd\u591f\u4fbf\u6377\u4ea4\u6613\u7f8e\u80a1\u7684\u7528\u6237\u800c\u8a00\uff0c\u4ee3\u5e01\u5316\u80a1\u7968\u7684\u4ef7\u503c\u4e3b\u5f20\u6a21\u7cca\u4e0d\u6e05<\/strong>\u3002\u94fe\u4e0a\u4ea4\u6613\u4e0d\u4ec5\u672a\u80fd\u63d0\u4f9b\u66f4\u4f18\u7684\u8d39\u7387\uff0c\u53cd\u800c\u56e0\u4e3a\u6d41\u52a8\u6027\u532e\u4e4f\u800c\u5bfc\u81f4\u66f4\u9ad8\u7684\u4ea4\u6613\u6ed1\u70b9\uff0c\u4f53\u9a8c\u8fdc\u900a\u4e8e\u6210\u719f\u7684\u4e92\u8054\u7f51\u5238\u5546\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6b63\u662f\u56e0\u4e3a\u7f3a\u4e4f\u8db3\u591f\u5f3a\u5927\u7684\u4ef7\u503c\u4e3b\u5f20\u6765\u5438\u5f15\u5927\u89c4\u6a21\u7528\u6237\u548c\u8d44\u672c\u5165\u573a\uff0c\u94fe\u4e0a\u6d41\u52a8\u6027\u624d\u8fdf\u8fdf\u65e0\u6cd5\u6df1\u5316\uff0c\u5f62\u6210\u4e86\u4e00\u4e2a\u81ea\u6211\u5f3a\u5316\u7684\u8d1f\u53cd\u9988\u5faa\u73af\uff1a\u6ca1\u6709\u7528\u6237\u5c31\u6ca1\u6709\u6d41\u52a8\u6027\uff0c\u6ca1\u6709\u6d41\u52a8\u6027\u5c31\u66f4\u5438\u5f15\u4e0d\u6765\u7528\u6237<\/strong>\u3002\u9664\u975e\u80fd\u4e3a\u5b58\u91cf\u7528\u6237\u63d0\u4f9b\u4e0d\u53ef\u66ff\u4ee3\u7684\u5168\u65b0\u6548\u7528\uff0c\u5426\u5219\u5f88\u96be\u6253\u7834\u8fd9\u4e00\u50f5\u5c40\u3002<\/li>\n
- \u7ed3\u6784\u6027\u7f3a\u9677:<\/strong> \u76ee\u524d\u7684\u4ee3\u5e01\u5316\u80a1\u7968\u672c\u8d28\u4e0a\u53ea\u662f\u771f\u5b9e\u80a1\u7968\u7684“\u6570\u5b57\u5b6a\u751f”\uff0c\u4f46\u8fd9\u79cd\u590d\u5236\u5b58\u5728\u6839\u672c\u6027\u7f3a\u9677\u3002\u9996\u5148\uff0c24\/7 \u4ea4\u6613\u7684\u627f\u8bfa\u5f88\u5927\u7a0b\u5ea6\u4e0a\u662f\u865a\u5e7b\u7684<\/strong>\u3002\u5f53\u5e95\u5c42\u80a1\u7968\u5e02\u573a\uff08\u5982\u7eb3\u65af\u8fbe\u514b\uff09\u4f11\u5e02\u65f6\uff0c\u94fe\u4e0a\u505a\u5e02\u5546\u65e0\u6cd5\u5bf9\u51b2\u5176\u98ce\u9669\u655e\u53e3\uff0c\u53ea\u80fd\u901a\u8fc7\u6781\u7aef\u6269\u5927\u4ef7\u5dee\u6216\u76f4\u63a5\u64a4\u51fa\u6d41\u52a8\u6027\u7684\u65b9\u5f0f\u6765\u89c4\u907f\u98ce\u9669\uff0c\u8fd9\u4f7f\u5f97\u5468\u672b\u548c\u76d8\u540e\u4ea4\u6613\u7684\u6709\u6548\u6027\u5927\u6253\u6298\u6263\u3002\u5176\u6b21\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u5265\u79bb\u4e86\u5b8c\u6574\u7684\u80a1\u4e1c\u6743\u5229<\/strong>\u3002\u7528\u6237\u83b7\u5f97\u7684\u662f\u5bf9\u80a1\u7968\u7ecf\u6d4e\u4ef7\u503c\u7684\u7d22\u53d6\u6743\uff0c\u800c\u975e\u5305\u62ec\u6295\u7968\u6743\u5728\u5185\u7684\u5b8c\u6574\u6240\u6709\u6743\u3002<\/li>\n
- “\u53bb\u4e2d\u5fc3\u5316”\u5916\u8863\u4e0b\u7684\u4e2d\u5fc3\u5316\u98ce\u9669:<\/strong> \u5c3d\u7ba1\u8fd0\u884c\u5728\u53bb\u4e2d\u5fc3\u5316\u7684\u533a\u5757\u94fe\u4e0a\uff0c\u4f46\u8fd9\u4e9b RWA \u6a21\u578b\u7684\u4fe1\u4efb\u6839\u57fa\u5374\u9ad8\u5ea6\u96c6\u4e2d\u4e8e\u4e00\u7cfb\u5217\u94fe\u4e0b\u5b9e\u4f53\u3002\u65e0\u8bba\u662f\u53d1\u884c\u4ee3\u5e01\u7684 SPV\u3001\u8d1f\u8d23\u8d44\u4ea7\u6258\u7ba1\u7684\u7b2c\u4e09\u65b9\u94f6\u884c\u3001\u6267\u884c\u4ea4\u6613\u7684\u5408\u4f5c\u5238\u5546\uff0c\u8fd8\u662f\u8fde\u63a5\u6cd5\u5e01\u4e0e\u52a0\u5bc6\u4e16\u754c\u7684\u6865\u6881\uff0c\u6bcf\u4e00\u4e2a\u73af\u8282\u90fd\u662f\u4e00\u4e2a\u6f5c\u5728\u7684\u4e2d\u5fc3\u5316\u6545\u969c\u70b9<\/strong>\u3002\u8fd9\u4e9b\u4e2d\u5fc3\u5316\u5b9e\u4f53\u4e00\u65e6\u51fa\u73b0\u8fd0\u8425\u5931\u8d25\u3001\u6cd5\u5f8b\u7ea0\u7eb7\u3001\u751a\u81f3\u7834\u4ea7\u5012\u95ed\uff0c\u94fe\u4e0a\u7684\u4ee3\u5e01\u90fd\u53ef\u80fd\u77ac\u95f4\u4e27\u5931\u4ef7\u503c\u652f\u6491\u3002<\/li>\n
- DeFi \u53ef\u7ec4\u5408\u6027\u7684\u6f5c\u5728\u6096\u8bba:<\/strong> \u5bf9\u4e8e xStocks \u8fd9\u7c7b\u5f00\u653e\u5f0f\u6a21\u578b\u800c\u8a00\uff0c\u5176\u7ec8\u6781\u613f\u666f\u662f\u6210\u4e3a DeFi \u4e16\u754c\u7684“\u91d1\u94b1\u4e50\u9ad8”\u3002\u7136\u800c\uff0c\u8fd9\u79cd\u53ef\u7ec4\u5408\u6027\u9762\u4e34\u4e00\u4e2a\u4e25\u5cfb\u7684\u6096\u8bba\u3002\u4e00\u4e2a DeFi \u501f\u8d37\u534f\u8bae\u5728\u8003\u8651\u662f\u5426\u63a5\u53d7 TSLAx \u4f5c\u4e3a\u62b5\u62bc\u54c1\u65f6\uff0c\u4e0d\u4ec5\u8981\u8bc4\u4f30\u7279\u65af\u62c9\u80a1\u7968\u672c\u8eab\u7684\u4ef7\u683c\u6ce2\u52a8\u98ce\u9669\uff0c\u8fd8\u5fc5\u987b\u8bc4\u4f30\u5176\u4ee3\u5e01\u5316\u7ed3\u6784\u6240\u5e26\u6765\u7684\u5e73\u53f0\u98ce\u9669<\/strong>——\u5373\u53d1\u884c\u65b9 Backed Finance \u6216\u5176\u6258\u7ba1\u65b9\u8fdd\u7ea6\u7684\u98ce\u9669\u3002\u8fd9\u79cd“\u8d44\u4ea7\u98ce\u9669 + \u5e73\u53f0\u98ce\u9669”\u7684\u53cc\u91cd\u98ce\u9669\u655e\u53e3<\/strong>\uff0c\u4f7f\u5f97 DeFi \u534f\u8bae\u5728\u6574\u5408\u8fd9\u4e9b RWA \u8d44\u4ea7\u65f6\u6781\u4e3a\u8c28\u614e\u3002\u6b64\u5916\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u6a21\u7cca\u7684\u6cd5\u5f8b\u5730\u4f4d\u4e5f\u8ba9 DeFi \u534f\u8bae\u671b\u800c\u5374\u6b65\uff0c\u62c5\u5fc3\u4f1a\u56e0“\u975e\u6cd5\u7ecf\u8425\u8bc1\u5238\u4e1a\u52a1”\u800c\u62db\u81f4\u76d1\u7ba1\u6253\u51fb\u3002\u8fd9\u89e3\u91ca\u4e86\u4e3a\u4f55\u81f3\u4eca\u4ecd\u672a\u6709\u4e3b\u6d41 DeFi \u534f\u8bae\u5c06\u5b83\u4eec\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\uff0c\u5176\u901a\u5f80\u771f\u6b63\u53ef\u7ec4\u5408\u6027\u7684\u9053\u8def\u4f9d\u7136\u6f2b\u957f\u3002<\/li>\n<\/ul>\n
\u7ed3\u8bba\uff1a\u4e09\u79cd\u6a21\u5f0f\u8c01\u80fd\u8d62\u5f97\u672a\u6765\uff1f<\/strong><\/h3>\n\u8fd9\u573a\u7ade\u8d5b\u7684\u7ec8\u5c40\uff0c\u53ef\u80fd\u5e76\u975e\u53d6\u51b3\u4e8e\u8c01\u7684\u6cd5\u5f8b\u67b6\u6784\u66f4\u5de7\u5999\uff0c\u800c\u662f\u8c01\u80fd\u7387\u5148\u4e3a\u7528\u6237\u521b\u9020\u51fa\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ef7\u503c\u3002<\/p>\n
\n- Robinhood \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u89c4\u6a21\u5316<\/strong>\u3002\u5982\u679c\u5176\u76ee\u6807\u53ea\u662f\u5c06\u4e00\u4e2a\u719f\u6089\u7684\u8d44\u4ea7\u7c7b\u522b\uff0c\u7528\u4e00\u79cd\u65b0\u9896\u7684\u5f62\u5f0f\u63d0\u4f9b\u7ed9\u6570\u5343\u4e07\u73b0\u6709\u7528\u6237\uff0c\u90a3\u4e48\u5b83\u5f88\u53ef\u80fd\u5728\u7528\u6237\u6570\u91cf\u4e0a\u53d6\u80dc\u3002<\/li>\n
- xStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u751f\u6001\u5316<\/strong>\u3002\u5982\u679c“\u91d1\u878d\u4e50\u9ad8”\u7684\u53d9\u4e8b\u6210\u7acb\uff0c\u672a\u6765\u80fd\u6709\u5927\u91cf DeFi \u534f\u8bae\u5c06\u5176\u4f5c\u4e3a\u6838\u5fc3\u62b5\u62bc\u54c1\u6216\u57fa\u7840\u8d44\u4ea7\uff0c\u6784\u5efa\u51fa\u94fe\u4e0a\u671f\u6743\u3001\u501f\u8d37\u548c\u7ed3\u6784\u5316\u4ea7\u54c1\uff0c\u90a3\u4e48\u5b83\u5c06\u8d62\u5f97 Web3 \u7684\u672a\u6765\u3002<\/li>\n
- StableStocks \u7684\u80dc\u5229\u8def\u5f84<\/strong>\u5728\u4e8e\u4f53\u9a8c\u5316<\/strong>\u3002\u5982\u679c\u5b83\u80fd\u8bc1\u660e“DeFi-lite”\u662f\u4e00\u4e2a\u771f\u5b9e\u5b58\u5728\u7684\u5e02\u573a\uff0c\u901a\u8fc7\u63d0\u4f9b\u4e00\u7ad9\u5f0f\u7684\u3001\u4f4e\u95e8\u69db\u7684“\u4ea4\u6613+\u6536\u76ca”\u4f53\u9a8c\uff0c\u5b83\u6216\u8bb8\u80fd\u5728\u4e3b\u6d41\u7528\u6237\u548c\u786c\u6838 DeFi \u7528\u6237\u4e4b\u95f4\u5f00\u8f9f\u51fa\u4e00\u7247\u84dd\u6d77\u3002<\/li>\n<\/ul>\n
\u5f52\u6839\u672c\u6e90\uff0c\u6240\u8c13\u7684“\u94fe\u4e0a\u7f8e\u80a1”\u4f9d\u65e7\u5904\u5728\u8bd5\u9a8c\u7530\u9636\u6bb5\uff0c\u76ee\u524d\u66f4\u50cf\u662f\u76d1\u7ba1\u7a7a\u9699\u4e0b\u7684\u4e00\u79cd\u91d1\u878d\u5305\u88c5\uff0c\u800c\u975e\u6210\u719f\u7684\u5e02\u573a\u5de5\u5177\u3002\u771f\u6b63\u80fd\u591f\u6539\u53d8\u6e38\u620f\u89c4\u5219\u7684\u8282\u70b9\uff0c\u4e0d\u5728\u4e8e\u8c01\u5148\u8dd1\u901a\u4e00\u4e2a\u6982\u5ff5\u9a8c\u8bc1\uff0c\u800c\u5728\u4e8e\u8c01\u80fd\u5728\u94fe\u4e0a\u4ea4\u4ed8\u96c6\u73b0\u8d27\u3001\u505a\u7a7a\u3001\u6760\u6746\u4e0e\u98ce\u9669\u7ba1\u7406\u4e8e\u4e00\u4f53\u7684\u5b8c\u6574\u4ea4\u6613\u4f53\u7cfb<\/strong>\u3002\u53ea\u6709\u5f53\u94fe\u4e0a\u80a1\u7968\u7684\u91d1\u878d\u53ef\u73a9\u6027\u548c\u529f\u80fd\u6027\u771f\u6b63\u6bd4\u80a9\u751a\u81f3\u8d85\u8d8a\u534e\u5c14\u8857\u7684\u8001\u724c\u5238\u5546\uff0c\u8fd9\u573a\u8f6c\u578b\u624d\u7b97\u8fdb\u5165\u5b9e\u8d28\u6027\u9636\u6bb5\u3002\u5c31\u5f53\u4e0b\u800c\u8a00\uff0c\u90a3\u4e9b\u5148\u884c\u8005\u4eec\u624d\u521a\u521a\u628a\u8f66\u8f6e\u538b\u4e0a\u8d5b\u9053\uff0c\u771f\u6b63\u7684\u7ade\u901f\u8fd8\u8fdc\u672a\u5f00\u59cb\u3002<\/p>\n\u672c\u6587\/\u535a\u5ba2\u4ec5\u4f9b\u53c2\u8003\uff0c\u4ee3\u8868\u4f5c\u8005\u7684\u4e2a\u4eba\u89c2\u70b9\uff0c\u5e76\u4e0d\u4ee3\u8868 Movemaker \u7684\u7acb\u573a\u3002\u672c\u6587\u65e0\u610f\u63d0\u4f9b\uff1a(i) \u6295\u8d44\u5efa\u8bae\u6216\u6295\u8d44\u63a8\u8350\uff1b(ii) \u8d2d\u4e70\u3001\u51fa\u552e\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u7684\u8981\u7ea6\u6216\u62db\u63fd\uff1b\u6216 (iii) \u8d22\u52a1\u3001\u4f1a\u8ba1\u3001\u6cd5\u5f8b\u6216\u7a0e\u52a1\u5efa\u8bae\u3002\u6301\u6709\u6570\u5b57\u8d44\u4ea7\uff0c\u5305\u62ec\u7a33\u5b9a\u5e01\u548c NFT\uff0c\u98ce\u9669\u6781\u9ad8\uff0c\u4ef7\u683c\u6ce2\u52a8\u8f83\u5927\uff0c\u751a\u81f3\u53ef\u80fd\u53d8\u5f97\u4e00\u6587\u4e0d\u503c\u3002\u60a8\u5e94\u6839\u636e\u81ea\u8eab\u7684\u8d22\u52a1\u72b6\u51b5\uff0c\u4ed4\u7ec6\u8003\u8651\u4ea4\u6613\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u662f\u5426\u9002\u5408\u60a8\u3002\u5982\u6709\u5177\u4f53\u60c5\u51b5\u65b9\u9762\u7684\u95ee\u9898\uff0c\u8bf7\u54a8\u8be2\u60a8\u7684\u6cd5\u5f8b\u3001\u7a0e\u52a1\u6216\u6295\u8d44\u987e\u95ee\u3002\u672c\u6587\u4e2d\u63d0\u4f9b\u7684\u4fe1\u606f\uff08\u5305\u62ec\u5e02\u573a\u6570\u636e\u548c\u7edf\u8ba1\u4fe1\u606f\uff0c\u82e5\u6709\uff09\u4ec5\u4f9b\u4e00\u822c\u53c2\u8003\u3002\u5728\u7f16\u5199\u8fd9\u4e9b\u6570\u636e\u548c\u56fe\u8868\u65f6\u5df2\u5c3d\u5408\u7406\u6ce8\u610f\uff0c\u4f46\u5bf9\u5176\u4e2d\u6240\u8868\u8fbe\u7684\u4efb\u4f55\u4e8b\u5b9e\u6027\u9519\u8bef\u6216\u9057\u6f0f\u6982\u4e0d\u8d1f\u8d23\u3002<\/p>\n
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\u4f5c\u8005\uff1a @BlazingKevin_ \uff0cthe Researcher at Movemaker \u5728\u7279\u6717\u666e\u53ef\u80fd\u5e26…<\/p>\n","protected":false},"author":2,"featured_media":2710,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4464"}],"version-history":[{"count":1,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions"}],"predecessor-version":[{"id":7096,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions\/7096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/media\/2710"}],"wp:attachment":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\u7684\u5207\u53e3\u4e0e\u4f20\u7edf\u7684\u94fe\u4e0a\u8bc1\u5238\u5c1d\u8bd5\uff08\u5982 Synthetix \u7684\u5408\u6210\u8d44\u4ea7\uff0c\u6216 Polymarket \u7684\u9884\u6d4b\u5e02\u573a\uff09\u4e0d\u540c\u3002\u5b83\u5e76\u4e0d\u662f\u5f3a\u8c03 DeFi \u7684\u5b8c\u5168\u5f00\u653e\u6027\uff0c\u800c\u662f\u901a\u8fc7“\u5f3a\u5408\u89c4 + \u9ad8\u7528\u6237\u4f53\u9a8c”\u7684\u7ec4\u5408\u6765\u62a2\u5360\u5e02\u573a\u3002\u5176\u903b\u8f91\u66f4\u50cf\u662f\u91d1\u878d\u79d1\u6280\u5e73\u53f0\u7684\u5ef6\u4f38\uff0c\u800c\u975e\u5f7b\u5e95\u7684\u94fe\u4e0a\u539f\u6559\u65e8\u4e3b\u4e49\u3002<\/p>\n \u5982\u679c\u76d1\u7ba1\u9ed8\u8bb8\u751a\u81f3\u9010\u6b65\u63a5\u53d7<\/strong>\uff0cRobinhood \u5c06\u7387\u5148\u5efa\u7acb\u8d77\u8986\u76d6\u6563\u6237\u3001\u5408\u89c4\u548c RWA \u7684\u8d85\u7ea7\u5165\u53e3\uff0c\u751a\u81f3\u53ef\u80fd\u6210\u4e3a\u6b27\u7f8e\u6563\u6237\u8fdb\u5165\u4ee3\u5e01\u5316\u91d1\u878d\u7684\u7b2c\u4e00\u7ad9\u3002<\/p>\n<\/li>\n<\/ul>\n \u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> Robinhood \u7684\u5c1d\u8bd5\u5e76\u975e\u5355\u7eaf\u7684“\u628a\u80a1\u7968\u642c\u4e0a\u533a\u5757\u94fe”\uff0c\u800c\u662f\u4e00\u6b21\u5229\u7528\u52a0\u5bc6\u6280\u672f\u91cd\u5851\u4f20\u7edf\u884d\u751f\u54c1\u5206\u53d1\u6a21\u5f0f\u7684\u5b9e\u9a8c\u3002\u5b83\u7528\u533a\u5757\u94fe\u6765\u63d0\u5347\u4ea7\u54c1\u4ea4\u4ed8\u548c\u5408\u89c4\u6548\u7387\uff0c\u76ee\u6807\u8fdc\u8d85\u52a0\u5bc6\u5708\u672c\u8eab\uff0c\u771f\u6b63\u6307\u5411\u7684\u662f\u6574\u4e2a\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u65b0\u5b9a\u4e49\u3002<\/p>\n xStocks \u7684\u6253\u6cd5\u4e0e Robinhood \u5f62\u6210\u4e86\u9c9c\u660e\u5bf9\u7167\u3002Robinhood \u7684\u6a21\u5f0f\u66f4\u50cf\u662f“\u91d1\u878d\u884d\u751f\u54c1\u6570\u5b57\u5316”\uff0c\u4f9d\u9760\u53d7\u63a7\u767d\u540d\u5355\u673a\u5236\u9501\u4f4f\u7528\u6237\uff1b\u800c xStocks \u5219\u662f\u771f\u5b9e\u8d44\u4ea7\u4e0a\u94fe\uff0c\u5e76\u4fdd\u6301\u4e0e DeFi \u7684\u5b8c\u5168\u4e92\u64cd\u4f5c\u3002\u8fd9\u610f\u5473\u7740\u5b83\u5929\u7136\u66f4\u5951\u5408 Web3 \u7684“\u5f00\u653e\u4e50\u9ad8”\u53d9\u4e8b\uff0c\u4f46\u540c\u65f6\u4e5f\u9700\u8981\u627f\u62c5\u5f00\u653e\u73af\u5883\u4e0b\u7684\u76d1\u7ba1\u7070\u8272\u5730\u5e26\u548c\u98ce\u9669\u5916\u6ea2\u95ee\u9898\u3002<\/p>\n \u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cxStocks \u7684\u6a21\u5f0f\u53ef\u80fd\u4f1a\u542f\u53d1\u66f4\u5e7f\u6cdb\u7684\u5e94\u7528\u573a\u666f\u3002\u4f8b\u5982\uff0c\u5b83\u4e3a\u7a33\u5b9a\u5e01\u4e4b\u5916\u7684“\u8d44\u4ea7\u80cc\u4e66\u578b\u4ee3\u5e01”\u63d0\u4f9b\u4e86\u4e00\u79cd\u53ef\u590d\u5236\u7684\u8303\u5f0f\uff0c\u5c24\u5176\u9002\u7528\u4e8e\u503a\u5238\u3001ETF\u3001\u751a\u81f3\u827a\u672f\u54c1\u57fa\u91d1\u7684\u4ee3\u5e01\u5316\u3002\u4e0e\u5355\u4e00\u4ea4\u6613\u6240\u63a8\u51fa\u7684“\u53d7\u63a7\u4ee3\u5e01”\u4e0d\u540c\uff0c\u5b83\u5f3a\u8c03\u4e0e DeFi \u6a21\u5757\u7684\u81ea\u7531\u7ec4\u5408\u6027\uff0c\u8fd9\u4e3a\u6574\u4e2a\u52a0\u5bc6\u751f\u6001\u6ce8\u5165\u4e86\u65b0\u7684\u6d41\u52a8\u6027\u6765\u6e90\u3002<\/p>\n \u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> xStocks \u4e0d\u662f\u5728\u91cd\u5851\u4ea4\u6613\u6240\uff0c\u800c\u662f\u5728\u4e3a DeFi \u63d0\u4f9b\u65b0\u7684\u8d44\u4ea7\u5e95\u5c42\u3002\u5b83\u8bd5\u56fe\u628a\u4f20\u7edf\u91d1\u878d\u7684\u4ef7\u503c\u771f\u5b9e\u3001\u900f\u660e\u5730\u642c\u5230\u94fe\u4e0a\uff0c\u5e76\u901a\u8fc7\u5f00\u653e\u5f0f\u7ec4\u5408\u5851\u9020\u51fa\u65b0\u7684\u5e02\u573a\u751f\u6001\u3002\u5982\u679c\u8bf4 Robinhood \u7684\u65b9\u5411\u662f“\u4e1a\u52a1\u4e0a\u94fe”\uff0c\u90a3\u4e48 xStocks \u7684\u903b\u8f91\u66f4\u50cf\u662f“\u8d44\u4ea7\u4e0a\u94fe”\u3002<\/p>\n \u4ece\u66f4\u7cfb\u7edf\u7684\u89d2\u5ea6\u6765\u770b\uff0cStableStocks \u7684\u6a21\u5f0f\u94fe\u8def\u53ef\u4ee5\u62c6\u89e3\u4e3a\u4e94\u4e2a\u5173\u952e\u73af\u8282\uff1a<\/p>\n StableStocks \u8d70\u7684\u662f“\u4e2d\u95f4\u9053\u8def”——\u65e2\u4e0d\u50cf Robinhood \u90a3\u6837\u5c01\u95ed\u5230\u53ea\u6709\u4ea4\u6613\uff0c\u53c8\u4e0d\u50cf xStocks \u90a3\u6837\u5b8c\u5168\u5f00\u653e\u5230\u4e0e\u6574\u4e2a DeFi \u4e50\u9ad8\u878d\u5408\uff0c\u800c\u662f\u6784\u5efa\u4e86\u4e00\u4e2a\u534a\u5f00\u653e\u7684\u4f53\u7cfb\u3002\u5bf9\u4f20\u7edf\u91d1\u878d\u6295\u8d44\u8005\uff0c\u5b83\u63d0\u4f9b\u4e86\u65b0\u7684\u8fdb\u5165\u94fe\u4e0a\u5e02\u573a\u7684\u65b9\u5f0f\uff1b\u5bf9\u52a0\u5bc6\u7528\u6237\uff0c\u5b83\u63d0\u4f9b\u4e86\u63a5\u89e6\u7279\u65af\u62c9\u3001\u82f9\u679c\u3001\u9ea6\u5f53\u52b3\u7b49\u84dd\u7b79\u80a1\u7684\u4fbf\u6377\u5165\u53e3\u3002\u5176\u6838\u5fc3\u5356\u70b9\u662f:<\/p>\n \u4e00\u53e5\u8bdd\u70b9\u8bc4\uff1a<\/strong> StableStocks \u662f\u4e00\u6761\u4e2d\u95f4\u8def\u7ebf\uff0c\u5b83\u8bd5\u56fe\u5728 Robinhood \u7684\u5c01\u95ed\u6613\u7528\u548c xStocks \u7684\u5f00\u653e\u590d\u6742\u4e4b\u95f4\u627e\u5230\u5e73\u8861\u3002\u5b83\u8d4c\u7684\u662f\uff0c\u7528\u6237\u60f3\u8981\u7684\u662f“DeFi-lite”\u7684\u4f53\u9a8c——\u65e2\u80fd\u4eab\u53d7 DeFi \u5e26\u6765\u7684\u6536\u76ca\u589e\u5f3a\uff0c\u53c8\u4e0d\u5fc5\u627f\u62c5\u5f00\u653e DeFi \u7684\u5168\u90e8\u98ce\u9669\u548c\u590d\u6742\u6027\u3002<\/p>\n \u4e09\u89d2\u5bf9\u6bd4\uff1aStableStocks vs xStocks vs Robinhood<\/strong><\/p>\n \u5c3d\u7ba1\u6a21\u5f0f\u5404\u5f02\uff0c\u4f46\u73b0\u9636\u6bb5\u6240\u6709\u7684\u80a1\u7968\u4ee3\u5e01\u5316\u65b9\u6848\u90fd\u9762\u4e34\u7740\u51e0\u4e2a\u5171\u540c\u7684\u3001\u77ed\u671f\u5185\u96be\u4ee5\u89e3\u51b3\u7684\u7ed3\u6784\u6027\u969c\u788d\uff1a<\/p>\n \u8fd9\u573a\u7ade\u8d5b\u7684\u7ec8\u5c40\uff0c\u53ef\u80fd\u5e76\u975e\u53d6\u51b3\u4e8e\u8c01\u7684\u6cd5\u5f8b\u67b6\u6784\u66f4\u5de7\u5999\uff0c\u800c\u662f\u8c01\u80fd\u7387\u5148\u4e3a\u7528\u6237\u521b\u9020\u51fa\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ef7\u503c\u3002<\/p>\n \u5f52\u6839\u672c\u6e90\uff0c\u6240\u8c13\u7684“\u94fe\u4e0a\u7f8e\u80a1”\u4f9d\u65e7\u5904\u5728\u8bd5\u9a8c\u7530\u9636\u6bb5\uff0c\u76ee\u524d\u66f4\u50cf\u662f\u76d1\u7ba1\u7a7a\u9699\u4e0b\u7684\u4e00\u79cd\u91d1\u878d\u5305\u88c5\uff0c\u800c\u975e\u6210\u719f\u7684\u5e02\u573a\u5de5\u5177\u3002\u771f\u6b63\u80fd\u591f\u6539\u53d8\u6e38\u620f\u89c4\u5219\u7684\u8282\u70b9\uff0c\u4e0d\u5728\u4e8e\u8c01\u5148\u8dd1\u901a\u4e00\u4e2a\u6982\u5ff5\u9a8c\u8bc1\uff0c\u800c\u5728\u4e8e\u8c01\u80fd\u5728\u94fe\u4e0a\u4ea4\u4ed8\u96c6\u73b0\u8d27\u3001\u505a\u7a7a\u3001\u6760\u6746\u4e0e\u98ce\u9669\u7ba1\u7406\u4e8e\u4e00\u4f53\u7684\u5b8c\u6574\u4ea4\u6613\u4f53\u7cfb<\/strong>\u3002\u53ea\u6709\u5f53\u94fe\u4e0a\u80a1\u7968\u7684\u91d1\u878d\u53ef\u73a9\u6027\u548c\u529f\u80fd\u6027\u771f\u6b63\u6bd4\u80a9\u751a\u81f3\u8d85\u8d8a\u534e\u5c14\u8857\u7684\u8001\u724c\u5238\u5546\uff0c\u8fd9\u573a\u8f6c\u578b\u624d\u7b97\u8fdb\u5165\u5b9e\u8d28\u6027\u9636\u6bb5\u3002\u5c31\u5f53\u4e0b\u800c\u8a00\uff0c\u90a3\u4e9b\u5148\u884c\u8005\u4eec\u624d\u521a\u521a\u628a\u8f66\u8f6e\u538b\u4e0a\u8d5b\u9053\uff0c\u771f\u6b63\u7684\u7ade\u901f\u8fd8\u8fdc\u672a\u5f00\u59cb\u3002<\/p>\n \u672c\u6587\/\u535a\u5ba2\u4ec5\u4f9b\u53c2\u8003\uff0c\u4ee3\u8868\u4f5c\u8005\u7684\u4e2a\u4eba\u89c2\u70b9\uff0c\u5e76\u4e0d\u4ee3\u8868 Movemaker \u7684\u7acb\u573a\u3002\u672c\u6587\u65e0\u610f\u63d0\u4f9b\uff1a(i) \u6295\u8d44\u5efa\u8bae\u6216\u6295\u8d44\u63a8\u8350\uff1b(ii) \u8d2d\u4e70\u3001\u51fa\u552e\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u7684\u8981\u7ea6\u6216\u62db\u63fd\uff1b\u6216 (iii) \u8d22\u52a1\u3001\u4f1a\u8ba1\u3001\u6cd5\u5f8b\u6216\u7a0e\u52a1\u5efa\u8bae\u3002\u6301\u6709\u6570\u5b57\u8d44\u4ea7\uff0c\u5305\u62ec\u7a33\u5b9a\u5e01\u548c NFT\uff0c\u98ce\u9669\u6781\u9ad8\uff0c\u4ef7\u683c\u6ce2\u52a8\u8f83\u5927\uff0c\u751a\u81f3\u53ef\u80fd\u53d8\u5f97\u4e00\u6587\u4e0d\u503c\u3002\u60a8\u5e94\u6839\u636e\u81ea\u8eab\u7684\u8d22\u52a1\u72b6\u51b5\uff0c\u4ed4\u7ec6\u8003\u8651\u4ea4\u6613\u6216\u6301\u6709\u6570\u5b57\u8d44\u4ea7\u662f\u5426\u9002\u5408\u60a8\u3002\u5982\u6709\u5177\u4f53\u60c5\u51b5\u65b9\u9762\u7684\u95ee\u9898\uff0c\u8bf7\u54a8\u8be2\u60a8\u7684\u6cd5\u5f8b\u3001\u7a0e\u52a1\u6216\u6295\u8d44\u987e\u95ee\u3002\u672c\u6587\u4e2d\u63d0\u4f9b\u7684\u4fe1\u606f\uff08\u5305\u62ec\u5e02\u573a\u6570\u636e\u548c\u7edf\u8ba1\u4fe1\u606f\uff0c\u82e5\u6709\uff09\u4ec5\u4f9b\u4e00\u822c\u53c2\u8003\u3002\u5728\u7f16\u5199\u8fd9\u4e9b\u6570\u636e\u548c\u56fe\u8868\u65f6\u5df2\u5c3d\u5408\u7406\u6ce8\u610f\uff0c\u4f46\u5bf9\u5176\u4e2d\u6240\u8868\u8fbe\u7684\u4efb\u4f55\u4e8b\u5b9e\u6027\u9519\u8bef\u6216\u9057\u6f0f\u6982\u4e0d\u8d1f\u8d23\u3002<\/p>\n \u514d\u8d23\u58f0\u660e\uff1a\u672c\u6587\u7ae0\u4ec5\u4ee3\u8868\u4f5c\u8005\u4e2a\u4eba\u89c2\u70b9\uff0c\u4e0d\u4ee3\u8868\u672c\u5e73\u53f0\u7684\u7acb\u573a\u548c\u89c2\u70b9\u3002\u672c\u6587\u7ae0\u4ec5\u4f9b\u4fe1\u606f\u5206\u4eab\uff0c\u4e0d\u6784\u6210\u5bf9\u4efb\u4f55\u4eba\u7684\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\u3002\u7528\u6237\u4e0e\u4f5c\u8005\u4e4b\u95f4\u7684\u4efb\u4f55\u4e89\u8bae\uff0c\u4e0e\u672c\u5e73\u53f0\u65e0\u5173\u3002\u5982\u7f51\u9875\u4e2d\u520a\u8f7d\u7684\u6587\u7ae0\u6216\u56fe\u7247\u6d89\u53ca\u4fb5\u6743\uff0c\u8bf7\u63d0\u4f9b\u76f8\u5173\u7684\u6743\u5229\u8bc1\u660e\u548c\u8eab\u4efd\u8bc1\u660e\u53d1\u9001\u90ae\u4ef6\u5230support@aicoin.com\uff0c\u672c\u5e73\u53f0\u76f8\u5173\u5de5\u4f5c\u4eba\u5458\u5c06\u4f1a\u8fdb\u884c\u6838\u67e5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":" \u4f5c\u8005\uff1a @BlazingKevin_ \uff0cthe Researcher at Movemaker \u5728\u7279\u6717\u666e\u53ef\u80fd\u5e26…<\/p>\n","protected":false},"author":2,"featured_media":2710,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4464"}],"version-history":[{"count":1,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions"}],"predecessor-version":[{"id":7096,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions\/7096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/media\/2710"}],"wp:attachment":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
2. xStocks \uff1a\u8d44\u4ea7\u652f\u6301\u578b\u4ee3\u5e01 + B2B2C + \u5b8c\u5168\u53ef\u7ec4\u5408\u6027<\/strong><\/h4>\n
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\u8fd9\u79cd\u6a21\u5f0f\u80fd\u5426\u8d70\u901a\uff0c\u53d6\u51b3\u4e8e\u4e24\u70b9\uff1a<\/code><\/p>\n1. \u80fd\u5426\u771f\u6b63\u5efa\u7acb\u6df1\u5ea6\u6d41\u52a8\u6027<\/strong>\u3002\u5982\u679c\u4ee3\u5e01\u5316\u8d44\u4ea7\u53ea\u662f\u5355\u5411\u53d1\u884c\uff0c\u7f3a\u4e4f\u8db3\u591f\u7684\u4ea4\u6613\u5bf9\u624b\u65b9\u548c\u5957\u5229\u673a\u5236\uff0c\u90a3\u4e48\u5b83\u7684\u5e02\u573a\u610f\u4e49\u5c06\u975e\u5e38\u6709\u9650\u3002<\/code><\/p>\n2. \u80fd\u5426\u8d62\u5f97\u957f\u671f\u76d1\u7ba1\u5bb9\u5fcd\u5ea6\u3002<\/strong>\u5f53\u524d SPV \u67b6\u6784\u5728\u6cd5\u5f8b\u4e0a\u5df2\u7ecf\u5b9e\u73b0\u9694\u79bb\uff0c\u4f46\u672a\u6765\u5404\u56fd\u5bf9“\u4ee3\u5e01\u5316\u8bc1\u5238”\u7684\u8ba4\u5b9a\u5c1a\u672a\u7edf\u4e00\u3002\u4e00\u65e6\u51fa\u73b0\u76d1\u7ba1\u51b2\u7a81\uff0c\u751f\u6001\u53ef\u80fd\u906d\u9047\u91cd\u5927\u6ce2\u52a8\u3002<\/code><\/p>\n<\/pre>\n
3. StableStocks\uff1a\u4ee3\u7406\u6301\u80a1 + B2C + \u5e73\u53f0\u5185\u7ec4\u5408\u673a\u5236<\/strong><\/h4>\n
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<\/p>\n\u56db\u3001\u96be\u4ee5\u903e\u8d8a\u7684\u7ed3\u6784\u6027\u969c\u788d<\/strong><\/h3>\n
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\u7ed3\u8bba\uff1a\u4e09\u79cd\u6a21\u5f0f\u8c01\u80fd\u8d62\u5f97\u672a\u6765\uff1f<\/strong><\/h3>\n
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