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5000 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\u8fd9\u6837\u7684\u5927\u578b\u501f\u8d37\u5e02\u573a\u53ef\u80fd\u80fd\u591f\u62b5\u5fa1\u65b0\u5174\u7ade\u4e89\u5bf9\u624b\u7684\u5a01\u80c1\uff0c\u4f46\u5b83\u4eec\u672a\u5fc5\u5b8c\u5168\u80fd\u591f\u9632\u5fa1\u6765\u81ea\u90bb\u8fd1\u5e94\u7528\u7684\u6a2a\u5411\u6574\u5408\u3002\u4f8b\u5982\uff0cMakerDAO \u7684\u501f\u8d37\u90e8\u95e8 Spark \u81ea 2023 \u5e74 8 \u6708\u63a8\u51fa Aave \u5206\u53c9\u4ee5\u6765\uff0c\u5df2\u7ecf\u4ece Aave \u624b\u4e2d\u593a\u8d70\u4e86\u8d85\u8fc7 18% \u7684\u5e02\u573a\u4efd\u989d\u3002\u9274\u4e8e Maker \u7684\u5e02\u573a\u5730\u4f4d\uff0c\u4ed6\u4eec\u80fd\u591f\u6709\u6548\u5730\u5438\u5f15\u5e76\u4fdd\u7559\u7528\u6237\uff0c\u4f5c\u4e3a Maker \u534f\u8bae\u7684\u5408\u7406\u5ef6\u4f38\u3002<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034935343.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><img decoding=\"async\" class=\"j-lazy\" src=\"https:\/\/www.web3sj.com\/wp-content\/themes\/justnews\/themer\/assets\/images\/lazy.png\" data-original=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034935343.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><\/figure>\n<p>\u56e0\u6b64\uff0c\u5982\u679c\u7f3a\u4e4f\u5176\u4ed6\u65e0\u6cd5\u8f7b\u6613\u88ab\u8865\u8d34\u7684\u7279\u6027\uff08\u4f8b\u5982\u5d4c\u5165 DeFi \u5e02\u573a\u7ed3\u6784\u4e2d\u7684\u62b5\u62bc\u503a\u4ed3 CDP\uff09\uff0c\u501f\u8d37\u534f\u8bae\u7684\u7ed3\u6784\u6027\u9632\u5fa1\u80fd\u529b\u53ef\u80fd\u5e76\u4e0d\u50cf\u4eba\u4eec\u60f3\u8c61\u7684\u90a3\u4e48\u5f3a\u5927\u3002\u518d\u6b21\u81ea\u95ee\u2014\u2014\u5982\u679c\u6211\u5206\u53c9\u8fd9\u4e2a\u5e94\u7528\uff0c\u5e76\u6295\u5165 5000 \u4e07\u7f8e\u5143\u7684\u4ee3\u5e01\u8865\u8d34\uff0c\u6211\u80fd\u5426\u62a2\u5360\u5e76\u4fdd\u6301\u5e02\u573a\u4efd\u989d\uff1f\u2014\u2014\u6211\u8ba4\u4e3a\uff0c\u5bf9\u4e8e\u5927\u591a\u6570\u501f\u8d37\u5e02\u573a\u6765\u8bf4\uff0c\u7b54\u6848\u5b9e\u9645\u4e0a\u662f\u80af\u5b9a\u7684\u3002<\/p>\n<p><strong>\u524d\u7aef\u5c06\u6355\u83b7\u66f4\u591a\u4ef7\u503c<\/strong><\/p>\n<p>\u805a\u5408\u5668\u548c\u5206\u53c9\u524d\u7aef\u7684\u6d41\u884c\uff0c\u4f7f\u5f97 DEX \u5e02\u573a\u7684\u9632\u5fa1\u6027\u95ee\u9898\u66f4\u52a0\u590d\u6742\u3002\u5386\u53f2\u4e0a\uff0c\u5982\u679c\u4f60\u95ee\u6211\u54ea\u79cd\u6a21\u5f0f\u66f4\u5177\u9632\u5fa1\u6027\u2014\u2014\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u5e73\u53f0\u8fd8\u662f\u805a\u5408\u5668\u2014\u2014\u6211\u7684\u56de\u7b54\u663e\u7136\u662f\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u5e73\u53f0\u3002\u5f52\u6839\u7ed3\u5e95\uff0c\u524d\u7aef\u53ea\u662f\u67e5\u770b\u540e\u7aef\u7684\u4e0d\u540c\u89c6\u89d2\uff0c\u805a\u5408\u5668\u4e4b\u95f4\u7684\u8f6c\u6362\u6210\u672c\u672c\u8d28\u4e0a\u8f83\u4f4e\u3002<\/p>\n<p>\u76f8\u53cd\uff0c\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u5e73\u53f0\u62e5\u6709\u6d41\u52a8\u6027\u5c42\uff0c\u4f7f\u7528\u6d41\u52a8\u6027\u8f83\u5c11\u7684\u5206\u53c9\u4ea4\u6613\u5e73\u53f0\u7684\u8f6c\u6362\u6210\u672c\u5219\u8981\u9ad8\u5f97\u591a\uff0c\u8fd9\u4f1a\u5e26\u6765\u66f4\u591a\u6ed1\u70b9\u548c\u66f4\u5dee\u7684\u51c0\u6267\u884c\u7ed3\u679c\u3002\u56e0\u6b64\uff0c\u9274\u4e8e\u6d41\u52a8\u6027\u662f\u65e0\u6cd5\u5206\u53c9\u7684\uff0c\u800c\u4e14\u5728\u5927\u89c4\u6a21\u4e0a\u4e5f\u66f4\u96be\u8865\u8d34\uff0c\u6211\u66fe\u8ba4\u4e3a DEX \u5177\u6709\u66f4\u5f3a\u7684\u9632\u5fa1\u80fd\u529b\u3002<\/p>\n<p>\u5c3d\u7ba1\u8fd9\u4e00\u89c2\u70b9\u5728\u957f\u671f\u5185\u4f9d\u7136\u6210\u7acb\uff0c\u4f46\u6211\u8ba4\u4e3a\u5929\u5e73\u53ef\u80fd\u6b63\u5728\u5411\u524d\u7aef\u503e\u659c\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u4ef7\u503c\u5c06\u88ab\u524d\u7aef\u6355\u83b7\u3002\u6211\u7684\u601d\u8def\u53ef\u4ee5\u5f52\u7ed3\u4e3a\u56db\u4e2a\u539f\u56e0\uff1a<\/p>\n<p><strong>\u6d41\u52a8\u6027\u6bd4\u4f60\u60f3\u8c61\u7684\u66f4\u50cf\u5546\u54c1<\/strong><\/p>\n<p>\u4e0e TVL \u7c7b\u4f3c\uff0c\u5c3d\u7ba1\u6d41\u52a8\u6027\u672c\u8d28\u4e0a\u662f\u300c\u4e0d\u53ef\u5206\u53c9\u300d\u7684\uff0c\u4f46\u5b83\u5e76\u4e0d\u5bf9\u8865\u8d34\u514d\u75ab\u3002DeFi \u5386\u53f2\u4e0a\u6709\u8bb8\u591a\u5148\u4f8b\u4f3c\u4e4e\u5370\u8bc1\u4e86\u8fd9\u4e00\u903b\u8f91\uff08\u4f8b\u5982 SushiSwap \u7684\u5438\u8840\u653b\u51fb\uff09\u3002\u6c38\u7eed\u5408\u7ea6\u5e02\u573a\u7684\u7ed3\u6784\u6027\u4e0d\u7a33\u5b9a\u6027\u4e5f\u53cd\u6620\u4e86\u4ec5\u51ed\u6d41\u52a8\u6027\u65e0\u6cd5\u6210\u4e3a\u53ef\u6301\u7eed\u62a4\u57ce\u6cb3\u7684\u4e8b\u5b9e\u3002\u65e0\u6570\u65b0\u5174\u7684\u6c38\u7eed\u5408\u7ea6 DEX \u80fd\u591f\u8fc5\u901f\u83b7\u5f97\u5e02\u573a\u4efd\u989d\uff0c\u8868\u660e\u542f\u52a8\u6d41\u52a8\u6027\u7684\u58c1\u5792\u672c\u8d28\u4e0a\u8f83\u4f4e\u3002<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034948139.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><img decoding=\"async\" class=\"j-lazy\" src=\"https:\/\/www.web3sj.com\/wp-content\/themes\/justnews\/themer\/assets\/images\/lazy.png\" data-original=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034948139.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><\/figure>\n<p>\u5728\u4e0d\u5230 10 \u4e2a\u6708\u7684\u65f6\u95f4\u91cc\uff0cHyperliquid \u73b0\u5df2\u6210\u4e3a\u4ea4\u6613\u91cf\u6700\u9ad8\u7684\u6c38\u7eed\u5408\u7ea6 DEX\uff0c\u8d85\u8d8a\u4e86 dYdX \u548c GMX\uff0c\u5b83\u4eec\u66fe\u5206\u522b\u5360\u636e\u6c38\u7eed\u5e02\u573a 50% \u4ee5\u4e0a\u7684\u4efd\u989d\u3002<\/p>\n<p><strong>\u524d\u7aef\u6b63\u5728\u6f14\u53d8<\/strong><\/p>\n<p>\u5982\u4eca\uff0c\u6700\u53d7\u6b22\u8fce\u7684\u300c\u805a\u5408\u5668\u300d\u662f\u57fa\u4e8e\u610f\u56fe\u7684\u524d\u7aef\u3002\u8fd9\u4e9b\u524d\u7aef\u5c06\u6267\u884c\u4efb\u52a1\u5916\u5305\u7ed9\u4e00\u4e2a\u7531\u300c\u6c42\u89e3\u8005\u300d\u7ec4\u6210\u7684\u7f51\u7edc\uff0c\u6c42\u89e3\u8005\u76f8\u4e92\u7ade\u4e89\uff0c\u4ee5\u4e3a\u7528\u6237\u63d0\u4f9b\u6700\u4f73\u6267\u884c\u3002\u91cd\u8981\u7684\u662f\uff0c\u4e00\u4e9b\u57fa\u4e8e\u610f\u56fe\u7684 DEXs \u8fd8\u63a5\u5165\u4e86\u94fe\u4e0b\u7684\u6d41\u52a8\u6027\u6765\u6e90\uff08\u5982\u4e2d\u5fc3\u5316\u4ea4\u6613\u5e73\u53f0\u3001\u505a\u5e02\u5546\uff09\u3002\u8fd9\u4f7f\u5f97\u8fd9\u4e9b\u524d\u7aef\u80fd\u591f\u7ed5\u8fc7\u6d41\u52a8\u6027\u542f\u52a8\u9636\u6bb5\uff0c\u7acb\u5373\u63d0\u4f9b\u5177\u6709\u7ade\u4e89\u529b\u3001\u751a\u81f3\u66f4\u597d\u7684\u6267\u884c\u7ed3\u679c\u3002\u76f4\u89c2\u4e0a\uff0c\u8fd9\u524a\u5f31\u4e86\u94fe\u4e0a\u6d41\u52a8\u6027\u4f5c\u4e3a\u73b0\u6709 DEXs \u7684\u9632\u5fa1\u62a4\u57ce\u6cb3\u7684\u4f5c\u7528\u3002<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034961554.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><img decoding=\"async\" class=\"j-lazy\" src=\"https:\/\/www.web3sj.com\/wp-content\/themes\/justnews\/themer\/assets\/images\/lazy.png\" data-original=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034961554.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><\/figure>\n<p><strong>\u524d\u7aef\u638c\u63e1\u4e86\u4e0e\u7ec8\u7aef\u7528\u6237\u7684\u5173\u7cfb<\/strong><\/p>\n<p>\u638c\u63a7\u7528\u6237\u6ce8\u610f\u529b\u7684\u524d\u7aef\u62e5\u6709\u4e0d\u6210\u6bd4\u4f8b\u7684\u8bae\u4ef7\u80fd\u529b\uff0c\u8fd9\u4f7f\u5f97\u5b83\u4eec\u80fd\u591f\u8fbe\u6210\u72ec\u5bb6\u5408\u4f5c\u534f\u8bae\uff0c\u751a\u81f3\u5b9e\u73b0\u7eb5\u5411\u6574\u5408\u3002\u901a\u8fc7\u5176\u76f4\u89c2\u7684\u524d\u7aef\u8bbe\u8ba1\u548c\u5bf9\u7ec8\u7aef\u7528\u6237\u7684\u63a7\u5236\uff0cJupiter \u5df2\u6210\u4e3a\u6240\u6709\u94fe\u4e0a\u7b2c\u56db\u5927\u6c38\u7eed\u5408\u7ea6 DEX\u3002\u6b64\u5916\uff0cJupiter \u8fd8\u6210\u529f\u6574\u5408\u4e86\u81ea\u5df1\u7684\u542f\u52a8\u5e73\u53f0\u548c SOL LST\uff0c\u5e76\u8ba1\u5212\u5efa\u7acb\u81ea\u5df1\u7684 RFQ\/ \u6c42\u89e3\u5668\u6a21\u578b\u3002\u9274\u4e8e Jupiter \u4e0e\u7ec8\u7aef\u7528\u6237\u7684\u7d27\u5bc6\u8054\u7cfb\uff0cJUP \u7684\u6ea2\u4ef7\u81f3\u5c11\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u662f\u5408\u7406\u7684\uff0c\u5c3d\u7ba1\u6211\u9884\u8ba1\u8fd9\u4e00\u5dee\u8ddd\u6700\u7ec8\u4f1a\u7f29\u5c0f\u3002<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034975171.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><img decoding=\"async\" class=\"j-lazy\" src=\"https:\/\/www.web3sj.com\/wp-content\/themes\/justnews\/themer\/assets\/images\/lazy.png\" data-original=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034975171.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><\/figure>\n<p>\u6b64\u5916\uff0c\u4f5c\u4e3a\u7ec8\u6781\u524d\u7aef\uff0c\u6ca1\u6709\u4efb\u4f55\u5e94\u7528\u6bd4\u94b1\u5305\u66f4\u63a5\u8fd1\u7ec8\u7aef\u7528\u6237\u3002\u901a\u8fc7\u5728\u79fb\u52a8\u7aef\u8fde\u63a5\u6563\u6237\uff0c\u94b1\u5305\u62e5\u6709\u4e86\u6700\u6709\u4ef7\u503c\u7684\u8ba2\u5355\u6d41\u2014\u2014\u300c\u5bf9\u624b\u7eed\u8d39\u4e0d\u654f\u611f\u7684\u6d41\u91cf\u300d\u3002\u9274\u4e8e\u94b1\u5305\u7684\u8f6c\u6362\u6210\u672c\u672c\u8d28\u4e0a\u8f83\u9ad8\uff0c\u8fd9\u4f7f\u5f97\u50cf MetaMask \u8fd9\u6837\u7684\u94b1\u5305\u63d0\u4f9b\u5546\u80fd\u591f\u901a\u8fc7\u6218\u7565\u6027\u5730\u5411\u6563\u6237\u9500\u552e\u4fbf\u5229\u6027\u800c\u975e\u6700\u4f73\u6267\u884c\uff0c\u7d2f\u8ba1\u8d5a\u53d6\u8d85\u8fc7 2.9 \u4ebf\u7f8e\u5143\u7684\u624b\u7eed\u8d39\u3002<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034988457.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><img decoding=\"async\" class=\"j-lazy\" src=\"https:\/\/www.web3sj.com\/wp-content\/themes\/justnews\/themer\/assets\/images\/lazy.png\" data-original=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/10\/2870-1728034988457.png\" alt=\"\u52a0\u5bc6\u9879\u76ee\u5982\u4f55\u624d\u80fd\u62e5\u6709\u62a4\u57ce\u6cb3\uff1f\" \/><\/figure>\n<p>\u6b64\u5916\uff0c\u5c3d\u7ba1 MEV \u4f9b\u5e94\u94fe\u5c06\u7ee7\u7eed\u6f14\u53d8\uff0c\u4f46\u6709\u4e00\u4ef6\u4e8b\u4f1a\u8d8a\u6765\u8d8a\u660e\u663e\u2014\u2014\u4ef7\u503c\u5c06\u4e0d\u6210\u6bd4\u4f8b\u5730\u79ef\u7d2f\u5728\u62e5\u6709\u6700\u72ec\u5bb6\u8ba2\u5355\u6d41\u7684\u53c2\u4e0e\u8005\u624b\u4e2d\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u6240\u6709\u65e8\u5728\u91cd\u65b0\u5206\u914d MEV \u7684\u5f53\u524d\u4e3e\u63aa\u2014\u2014\u65e0\u8bba\u662f\u5728\u5e94\u7528\u5c42\uff08\u5982\u8003\u8651 LVR \u7684 DEX 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