Ethena has launched a new public blockchain called Converge, with the stablecoin emerging as a leader in both DeFi and TradFi?
原文作者:ethena_labs
原文编译:DeepSeek
编者按:Converge 是由 Ethena Labs 和 Securitize 驱动的结算网络,旨在融合传统金融与 DeFi,以 USDe 和 USDtb 为核心资产,构建高性能的 EVM 兼容网络。通过支持机构资金流入和代币化资产,Converge 将提供无需许可和许可的金融应用,推动传统金融与加密金融的深度融合,主网计划于第二季度上线。
以下为原文内容(为便于阅读理解,原内容有所整编):
Converge 是由 Ethena Labs 和 Securitize 驱动的传统金融和数字美元结算网络。其愿景是提供首个专为 TradFi 与 DeFi 融合而设计的结算层,以 USDe 和 USDtb 为核心,并由 ENA 提供安全保障。
区块链被认为有两个核心应用场景:一是用于无需许可的现货和杠杆 DeFi 投机的结算;二是稳定币和代币化资产的存储和结算。
尽管投机用例在加密货币领域已经并将继续发挥重要作用,但 Ethena 和 Securitize 认为,在未来十年内,赢得第二类应用场景的机会更具竞争力且规模更大。这两家公司在实现这一目标方面具有独特的优势。

Converge 相信,当前周期及未来几年最大的主题是机构资金的流入。尽管 DeFi 总锁仓价值(TVL)已显著增长至 1000 亿美元,但与全球资本市场相比仍微不足道。目前仍缺乏专门的基础设施,用于将大量资金引入加密原生产品。

Ethena 和 Securitize 在这一机遇中具有独特的合作优势。
Securitize 是代币化产品市场的领导者,已发行了约 20 亿美元的链上证券,包括 Blackrock 的 BUIDL 以及来自 Apollo、Hamilton Lane 和 KKR 的基金,拥有超过 50 万个用户账户。
重要的是,Securitize 将在 Converge 上部署其核心未来代币化资产的发行层。这将超越代币化国债产品和基金,涵盖所有资产类别的证券形式。这一举措深化了 Ethena 与 Securitize 的现有合作关系,Securitize 是其由 Blackrock BUIDL 支持的稳定币 USDtb 的合作伙伴。

Ethena 将推出其核心产品 USDe、USDtb 和 iUSDe,并原生发行。
这些加密原生资产和基础组件将以专为传统金融设计的形式导出,使其能够承销和交互,从而为链上带来数十亿美元的新资金流。
Ethena 目前是最具影响力的链上协议之一,已与所有主要 DeFi 协议和大多数中心化交易平台集成。尽管在支持 USDe 的现有应用场景中取得了显著成功,但在链上基于 USDe 构建的全新金融基础组件仍具有广阔的设计空间。
美元仍然是链上资金流动的结构性基础,不仅用于结算和支付,还用于所有核心 DeFi 基础组件,如交易、借贷、衍生品和杠杆。
如今,DeFi 中所有涉及美元的协议都可以围绕 Ethena 重建,并在结构上默认改善经济性。

应用程序将在 Converge 上构建,专门用于使传统金融能够在链上与 iUSDe、USDe 和 Securitize 支持的资产进行交互。
已有 5 个协议承诺在 Converge 上构建和分发机构级 DeFi 产品:
· Aave Labs 的 Horizon 通过专为 Securitize 代币化资产(包括 Ethena 的机构级 iUSDe)设计的市场,桥接传统金融与 DeFi;
· Pendle Institutional 为可扩展的机构机会(如 iUSDe)提供利率投机基础设施;
· Morpho Labs 为 Ethena 和 Securitize 资产提供模块化货币市场;
· Maple Finance 和 Syrup 基于 USDe 和现实世界资产(RWA)构建可验证链上机构收益和信贷产品;
· EtherealDEX 为 Ethena 流动性设计高性能衍生品和现货交易,以 USDe 作为抵押品。
Ethena 和 Securitize 很高兴与所有这些主要合作伙伴密切合作,构建尖端产品以引入机构资金流入。
这是传统金融和互联网金融首次在链上共存于同一执行环境中。

除了许可应用程序集,Converge 还将在同一区块空间内促进无需许可的链上金融。
该生态系统将有三个并行运行的支柱:
一是用户完全无需许可地访问已找到产品市场契合度的 DeFi 生态系统和应用程序,这些应用程序基于 USDe 构建,同时包括 Ethena 孵化和加速的项目,如 EtherealDEX;
二是许可应用程序,传统金融可以在其中与经过 KYC 的各方使用 Ethena 资产 iUSDe 和 USDtb 进行交互,例如上述应用程序;
三是基于 Securitize 代币化资产和证券构建的新许可金融应用程序,例如信贷和固定收益资产的杠杆交易,以及通过现货和永续合约交易单一股票。

Converge 将提供一个高性能的 EVM 兼容网络,开发者体验与以太坊主网相当。
Ethena 和 Securitize 将在未来几周内发布更多关于技术栈和开发者文档的详细信息。随后将推出更正式的开发者测试网。
主网计划于第二季度上线。Ethena 和 Securitize 邀请希望构建产品的开发者加入,将机构资金引入加密领域,并将独特的加密基础组件导出到传统金融。
从第一天起,主要的基础设施提供商和开发者工具将全面支持,包括 LayerZero(支持 Ethena 资产的跨链互操作)、Pyth Network、Wormhole 和 Redstone,它们均已承诺提供支持。Anchorage、Copper、Fireblocks、Komainu Custody 和 Zodia Custody 将为 Converge 提供机构级托管服务和密钥管理。
USDe、USDtb 和 sENA 将成为链的核心。Converge 将构建一组许可的机构验证者,他们需要质押 ENA 以确保网络安全。USDe 和 USDtb 将成为网络的本地 gas 代币,使用户能够以更低的摩擦进行交易。
现在,正是 Converge 时刻。

「原文链接」
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