{"id":2194,"date":"2025-12-26T07:04:21","date_gmt":"2025-12-25T23:04:21","guid":{"rendered":"https:\/\/www.117store.com\/?p=2194"},"modified":"2025-12-26T07:04:21","modified_gmt":"2025-12-25T23:04:21","slug":"defi-%e5%be%81%e7%a8%8e%ef%bc%9f%e6%b4%9e%e6%82%89%e9%93%be%e4%b8%8a%e5%8f%a4%e7%81%b5%e9%98%81%e7%9a%84%e4%b8%80%e5%88%87","status":"publish","type":"post","link":"https:\/\/www.wxjqcz.com\/?p=2194","title":{"rendered":"DeFi \u5f81\u7a0e\uff1f\u6d1e\u6089\u94fe\u4e0a\u53e4\u7075\u9601\u7684\u4e00\u5207"},"content":{"rendered":"<h1 class=\"art_tit\">DeFi \u5f81\u7a0e\uff1f\u6d1e\u6089\u94fe\u4e0a\u53e4\u7075\u9601\u7684\u4e00\u5207<\/h1>\n<div class=\"content_text\">\n<p>\u4f5c\u8005\uff1a\u9648\u9ed8 \u6765\u6e90\uff1aX\uff0c@cmDeFi<\/p>\n<p>\u6838\u5fc3\u89c2\u70b9\uff1a\u7406\u89e3DeFi\u5728\u4ec0\u4e48\u60c5\u51b5\u4e0b\u4f1a\u88ab\u8ba4\u5b9a\u4e3a\u201c\u7ecf\u7eaa\u4eba\u201d\uff0c\u63a2\u7d22\u53bb\u4e2d\u5fc3\u5316\u548c\u76d1\u7ba1\u6001\u5ea6\u4e2d\u7684\u5e95\u5c42\u903b\u8f91\u3001\u751f\u5b58\u7a7a\u95f4\uff0c\u627e\u5230\u5b8c\u7f8e\u51fa\u53e3\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u6269\u5c55\u7ecf\u7eaa\u4eba\u5b9a\u4e49\uff1a\u6cd5\u89c4\u8ba4\u4e3aDeFi\u4ea4\u6613\u4e0e\u8bc1\u5238\u4ea4\u6613\u6d41\u7a0b\u4e2d\u6709\u5f88\u5927\u76f8\u4f3c\u4e4b\u5904\uff0cDeFi\u7ecf\u7eaa\u4eba\u9700\u8981\u5411IRS\u63d0\u4ea4\u4fe1\u606f\u62a5\u544a\u3001\u5e2e\u52a9\u5ba2\u6237\u51c6\u786e\u7533\u62a5\u7a0e\u6536\u3001\u786e\u4fdd\u5408\u89c4\u6027 (KYC\u3001\u53cd\u6d17\u94b1\u7b49)\u3002<\/p>\n<\/li>\n<li>\n<p>\u5224\u5b9aDeFi\u7ecf\u7eaa\u4eba\uff1a\u63d0\u4f9b\u4fc3\u8fdb\u4ea4\u6613\u7684\u670d\u52a1\u3001\u5177\u5907\u5ba2\u6237\u4fe1\u606f\u83b7\u53d6\u80fd\u529b\u3002<\/p>\n<\/li>\n<li>\n<p>\u5bf9DeFi\u7684\u5f71\u54cd\uff1a\u9009\u62e9\u63a5\u53d7\u7ecf\u7eaa\u4eba\u8ba4\u5b9a\u6216\u5c06\u9879\u76ee\u53bb\u4e2d\u5fc3\u5316\uff0c\u53bb\u4e2d\u5fc3\u5316\u7a0b\u5ea6\u8d8a\u9ad8\uff0c\u88ab\u8ba4\u5b9a\u4e3a\u7ecf\u7eaa\u4eba\u53ef\u80fd\u6027\u8d8a\u4f4e\u3002<\/p>\n<\/li>\n<li>\n<p>DeFi\u672a\u6765\u5b8c\u7f8e\u51fa\u53e3\uff1a\u53bb\u4e2d\u5fc3\u5316\u524d\u7aef\u3001\u4e0d\u53ef\u5347\u7ea7\u5408\u7ea6\u3001\u94fe\u4e0a\u81ea\u6cbb\u3001\u4ee3\u5e01\u529f\u80fd\u5316\u6784\u5efa\u81ea\u5df1\u7684\u7f51\u7edc\u3002<\/p>\n<\/li>\n<\/ul>\n<h2>\n<h2>\u7814\u7a76\u62a5\u544a<\/h2>\n<\/h2>\n<p><strong>1\/4 \u00b7 \u80cc\u666f\u548c\u539f\u56e0<\/strong><\/p>\n<p>\u8be5\u6cd5\u89c4\u7531\u7f8e\u56fd\u8d22\u653f\u90e8\u548c\u56fd\u7a0e\u5c40\u53d1\u8d77\uff0c\u7531\u4e8e\u53bb\u4e2d\u5fc3\u5316\u548c\u533f\u540d\u6027\uff0c\u6570\u5b57\u8d44\u4ea7\u4ea4\u6613\u5f80\u5f80\u7f3a\u4e4f\u4f20\u7edf\u91d1\u878d\u7cfb\u7edf\u4e2d\u7684\u4fe1\u606f\u900f\u660e\u5ea6\uff0c\u5bfc\u81f4\u7a0e\u52a1\u76d1\u7ba1\u9762\u4e34\u5de8\u5927\u6311\u6218\u3002\u6cd5\u89c4\u4e2d\u5217\u4e3e\u4e86\u5728\u8fd0\u4f5c\u6d41\u7a0b\u4e0a\uff0c\u8bc1\u5238\u884c\u4e1a\u4e0eDeFi\u884c\u4e1a\u7684\u76f8\u4f3c\u4e4b\u5904\uff1a<\/p>\n<p><strong>\u4ea4\u6613\u6307\u4ee4 -&gt; \u4ea4\u6613\u64ae\u5408\u4e0e\u6267\u884c-&gt; \u4ea4\u6613\u7ed3\u7b97<\/strong><\/p>\n<p>\u5728\u8bc1\u5238\u884c\u4e1a\uff0c\u7ecf\u7eaa\u4eba\u5c06\u5ba2\u6237\u7684\u4ea4\u6613\u6307\u4ee4\u53d1\u9001\u81f3\u4ea4\u6613\u4e2d\u5fc3 (\u5982\u7ebd\u7ea6\u8bc1\u5238\u4ea4\u6613\u6240\u6216\u7eb3\u65af\u8fbe\u514b)\uff0c\u8fd9\u4e9b\u5e73\u53f0\u8d1f\u8d23\u64ae\u5408\u4e70\u5356\u53cc\u65b9\u7684\u8ba2\u5355\u3002\u5728DeFi\u884c\u4e1a\u4e2d\uff0c\u6cd5\u89c4\u8ba4\u4e3a\u4e5f\u5b58\u5728\u8fd9\u6837\u4e00\u4e2a\u201c\u7ecf\u7eaa\u4eba\u201d\u89d2\u8272\uff0c\u800c\u7ecf\u7eaa\u4eba\u9700\u8981\u5411IRS\u63d0\u4ea4\u4fe1\u606f\u62a5\u544a\u3001\u5e2e\u52a9\u5ba2\u6237\u51c6\u786e\u7533\u62a5\u7a0e\u6536\u3001\u786e\u4fdd\u5408\u89c4\u6027 (KYC\u3001\u53cd\u6d17\u94b1\u7b49)\u3002<\/p>\n<p>\u6240\u4ee5\uff0c\u6211\u4eec\u4e3b\u8981\u8ba8\u8bba\u5728\u4ec0\u4e48\u6837\u7684\u6761\u4ef6\u4e0b\uff0cDeFi\u7684\u54ea\u4e9b\u89d2\u8272\u4f1a\u88ab\u8ba4\u5b9a\u4e3a\u201c\u7ecf\u7eaa\u4eba\u201d\u3002\u65e0\u8bba\u8be5\u6cd5\u89c4\u662f\u5426\u4f1a\u88ab\u6279\u51c6\u63a8\u884c\uff0c\u4ee5\u4ec0\u4e48\u6837\u7684\u5f62\u5f0f\u63a8\u884c\uff0c\u6211\u4eec\u4e3b\u8981\u7684\u5206\u6790\u76ee\u6807\u662f\u53bb\u4e2d\u5fc3\u5316\u548c\u76d1\u7ba1\u6001\u5ea6\u4e2d\u7684\u5e95\u5c42\u903b\u8f91\u3001\u751f\u5b58\u7a7a\u95f4\u3002<\/p>\n<p><strong>2\/4 \u00b7 \u6269\u5c55\u201c\u7ecf\u7eaa\u4eba\u201d\u5b9a\u4e49<\/strong><\/p>\n<p>\u4f20\u7edf\u4e0a\uff0c\u201c\u7ecf\u7eaa\u4eba\u201d\u7684\u5b9a\u4e49\u5c40\u9650\u4e8e\u8bc1\u5238\u884c\u4e1a\u4e2d\u7684\u4ea4\u6613\u4ee3\u7406\u6216\u76f4\u63a5\u6301\u6709\u5ba2\u6237\u8d44\u4ea7\u7684\u4e2d\u4ecb\u3002\u6b64\u9879\u6cd5\u89c4\u7684\u4e3b\u8981\u5185\u5bb9\u662f\u6269\u5c55\u4e86\u8fd9\u4e00\u5b9a\u4e49\u6765\u5e94\u7528\u5230\u6570\u5b57\u8d44\u4ea7\u9886\u57df\u3002\u65b0\u6cd5\u89c4\u8981\u6c42\u7ecf\u7eaa\u4eba\u5fc5\u987b\u5411\u7f8e\u56fd\u56fd\u7a0e\u5c40 (IRS) \u63d0\u4ea4\u7533\u62a5\u8868\uff0c\u8be6\u7ec6\u62a5\u544a\u5ba2\u6237\u7684\u4ea4\u6613\u4fe1\u606f\uff0c\u5305\u62ec\u6536\u76ca\u60c5\u51b5\u548c\u4ea4\u6613\u7ec6\u8282\uff0c\u76ee\u7684\u662f\u63d0\u9ad8\u7a0e\u52a1\u5408\u89c4\u6027\uff0c\u610f\u5473\u7740\u7eb3\u7a0e\u7684\u6f5c\u5728\u53ef\u80fd\u6027\u3002<\/p>\n<blockquote>\n<p>\u8fd9\u91cc\u80fd\u591f\u89e3\u8bfb\u5230\u7684\u4e00\u5c42\u76d1\u7ba1\u503e\u5411\uff0c\u5c31\u662f\u867d\u7136\u5728ETH ETF\u901a\u8fc7\u4e4b\u65f6\uff0c\u5bf9\u201c\u8bc1\u5238\u201d\u548c\u201c\u5546\u54c1\u201d\u6709\u4e86\u521d\u6b65\u7684\u5b9a\u4e49\u548c\u533a\u5206\uff0c\u6ee1\u8db3\u6761\u4ef6\u7684\u6570\u5b57\u8d44\u4ea7\u66f4\u503e\u5411\u4e8e\u5b9a\u4e49\u4e3a\u5546\u54c1\uff0c\u65e0\u6cd5\u76f4\u63a5\u5c06\u5176\u5f52\u7c7b\u4e3a\u8bc1\u5238\uff0c\u4f46\u672c\u6cd5\u89c4\u63d0\u51fa\u7684\u201c\u7ecf\u7eaa\u4eba\u201d\u6269\u5c55\uff0c\u5176\u6838\u5fc3\u76ee\u6807\u662f\u5efa\u7acb\u4e00\u4e2a\u4e0e\u8bc1\u5238\u4ea4\u6613\u7c7b\u4f3c\u7684\u4fe1\u606f\u62a5\u544a\u673a\u5236\uff0c\u6240\u4ee5\u672c\u8d28\u4e0a\u4ecd\u7136\u53ef\u4ee5\u56de\u5f52\u5982\u4f55\u5b9a\u4e49DeFi\u534f\u8bae\u548c\u8d44\u4ea7\u7684\u95ee\u9898\u3002<\/p>\n<\/blockquote>\n<p>\u6cd5\u89c4\u6269\u5927\u4e86\u201c\u7ecf\u7eaa\u4eba\u201d\u7684\u5b9a\u4e49\uff0c\u660e\u786e\u5c06\u4ee5\u4e0b\u7c7b\u578b\u7684\u53c2\u4e0e\u8005\u7eb3\u5165\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u6570\u5b57\u8d44\u4ea7\u4e2d\u4ecb\uff1a \u4e3a\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u4ee5\u5b8c\u6210\u6570\u5b57\u8d44\u4ea7\u4ea4\u6613\u7684\u4e2a\u4eba\u6216\u5b9e\u4f53\uff0c\u5305\u62ec\u4ea4\u6613\u6240\u3001\u6258\u7ba1\u94b1\u5305\u670d\u52a1\u63d0\u4f9b\u5546\u7b49\u3002<\/p>\n<\/li>\n<li>\n<p>DeFi\u5e73\u53f0\u53c2\u4e0e\u8005\uff1a \u5305\u62ec\u90a3\u4e9b\u4e0d\u6301\u6709\u5ba2\u6237\u79c1\u94a5\u3001\u4f46\u901a\u8fc7\u534f\u8bae\u6216\u667a\u80fd\u5408\u7ea6\u63d0\u4f9b\u4ea4\u6613\u670d\u52a1\u7684\u975e\u6258\u7ba1\u5e73\u53f0\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u8fd9\u91cc\u7684\u6838\u5fc3\u5728\u4e8e\u201c\u4e2d\u4ecb\u201d\u4e24\u4e2a\u5b57\uff0c\u4e3a\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u7684\u4e2a\u4eba\u6216\u5b9e\u4f53\u5c31\u4e0d\u7528\u8bb2\u4e86\uff0c\u4ea4\u6613\u6240\u3001\u6258\u7ba1\u94b1\u5305\u8fd9\u4e9b\u6ca1\u6709\u7279\u522b\u5927\u4e89\u8bae\uff0c\u4e89\u8bae\u5728\u4e8e\u5982\u4f55\u5b9a\u4e49DeFi\u6d3b\u52a8\u4e2d\u7684\u201c\u4e2d\u4ecb\u89d2\u8272\u201d\u3002\u603b\u7ed3\u6765\u8bf4\u662f\u4ee5\u4e0b2\u4e2a\u5173\u952e\u56e0\u7d20\uff1a<\/p>\n<ol class=\" list-paddingleft-2\">\n<li>\n<p>\u63d0\u4f9b\u4fc3\u8fdb\u4ea4\u6613\u7684\u670d\u52a1<\/p>\n<\/li>\n<li>\n<p>\u5177\u5907\u5ba2\u6237\u4fe1\u606f\u83b7\u53d6\u80fd\u529b<\/p>\n<\/li>\n<\/ol>\n<p>\u8bb0\u4f4f\u8fd9\u4e24\u4e2a\u5224\u65ad\u56e0\u7d20\uff0c\u6211\u4eec\u6765\u8fdb\u4e00\u6b65\u62c6\u89e3\u4e00\u4e2aDeFi\u9879\u76ee\u4e2d\u7684\u5404\u65b9\u89d2\u8272\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u524d\u7aef\u670d\u52a1\u63d0\u4f9b\u8005\uff1a\u4e3a\u7528\u6237\u63d0\u4f9b\u53cb\u597d\u7684\u4ea4\u4e92\u754c\u9762\uff0c\u4f7f\u4ed6\u4eec\u80fd\u591f\u65b9\u4fbf\u5730\u8fdb\u884c\u4ea4\u4e92\u6216\u4ea4\u6613\u3002<\/p>\n<\/li>\n<li>\n<p>\u534f\u8bae\u8fd0\u8425\u8005\uff1a\u63d0\u4f9b\u6267\u884c\u4ea4\u6613\u7684\u6838\u5fc3\u534f\u8bae\u6216\u667a\u80fd\u5408\u7ea6 (\u5982Uniswap\u3001Curve\u7b49AMM)\u3002<\/p>\n<\/li>\n<li>\n<p>\u9a8c\u8bc1\u8005\u6216\u7ed3\u7b97\u8005\uff1a\u8d1f\u8d23\u5728\u5206\u5e03\u5f0f\u8d26\u672c (\u533a\u5757\u94fe) \u4e0a\u8bb0\u5f55\u4ea4\u6613\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u6cd5\u89c4\u7279\u522b\u5173\u6ce8\u524d\u7aef\u670d\u52a1\u63d0\u4f9b\u8005\u548c\u534f\u8bae\u8fd0\u8425\u8005\uff0c\u56e0\u4e3a\u4ed6\u4eec\u7684\u670d\u52a1\u76f4\u63a5\u201c\u4fc3\u6210\u201d\u4e86\u4ea4\u6613\u7684\u5b8c\u6210\u3002\u800c\u5bf9\u4e8e\u9a8c\u8bc1\u8005\u6216\u7ed3\u7b97\u8005\uff0c\u5982\u679c\u4e00\u4e2a\u53c2\u4e0e\u8005\u4ec5\u63d0\u4f9b\u5206\u5e03\u5f0f\u8d26\u672c\u7684\u9a8c\u8bc1\u670d\u52a1\uff08\u5982\u533a\u5757\u94fe\u8282\u70b9\u6216\u77ff\u5de5\uff09\uff0c\u5e76\u672a\u76f4\u63a5\u53c2\u4e0e\u6216\u4fc3\u8fdb\u4ea4\u6613\uff0c\u5219\u4e0d\u4f1a\u88ab\u89c6\u4e3a\u7ecf\u7eaa\u4eba\u3002\u6240\u4ee5\u53ea\u8ba8\u8bba1\u548c2\u5c31\u884c\u4e86\u3002<\/p>\n<blockquote>\n<p>\u6574\u4e2a\u5206\u6790\u8fc7\u7a0b\u4f1a\u8d2f\u7a7fUniswap\u4e3a\u4f8b\u5b50\uff0c\u56e0\u4e3a\u5b83\u662f\u552f\u4e00\u4e00\u4e2a\u6bcf\u79cd\u60c5\u51b5\u90fd\u5360\u4e00\u4e9b\u7684\u6848\u4f8b\u3002<\/p>\n<\/blockquote>\n<p>1 \u57fa\u672c\u4e5f\u662f\u65e0\u4e89\u8bae\u7684\uff0c\u524d\u7aef\u670d\u52a1\u63d0\u4f9b\u8005\u5fc5\u7136\u5c5e\u4e8e\u7ecf\u7eaa\u4eba\u8fd9\u4e2a\u201c\u4e2d\u4ecb\u201d\u89d2\u8272\uff0c\u7279\u522b\u662f\u50cfUniswap\u76ee\u524d\u8fd9\u79cd\u524d\u7aef\u6536\u8d39\u7684\u72b6\u6001\uff0c\u4f1a\u52a0\u5f3a\u88ab\u8ba4\u5b9a\u4e3a\u7ecf\u7eaa\u4eba\u7684\u503e\u5411\u3002<\/p>\n<p>2 \u534f\u8bae\u8fd0\u8425\u8005\u4e89\u8bae\u8f83\u5927\uff0c\u56e0\u4e3a\u4e25\u683c\u610f\u4e49\u4e0a\u6765\u8bf4\u4e0d\u53ef\u5347\u7ea7\u7684\u667a\u80fd\u5408\u7ea6\u4e0d\u53d7\u4efb\u4f55\u4e2a\u4eba\u6216\u5b9e\u4f53\u63a7\u5236\uff0c\u5b83\u5177\u6709\u65e0\u9700\u8bb8\u53ef\u548c\u4e0d\u53ef\u7be1\u6539\u7684\u7279\u70b9\uff0c\u63d0\u4f9b\u8fd9\u79cd\u667a\u80fd\u5408\u7ea6\u7684\u9879\u76ee\u65b9\/\u5f00\u53d1\u8005\u662f\u5426\u4f1a\u88ab\u5b9a\u4e49\u4e3a\u7ecf\u7eaa\u4eba\uff1f<\/p>\n<p>\u56de\u5230\u4e24\u4e2a\u5173\u952e\u754c\u5b9a\u56e0\u7d20\uff1a\u63d0\u4f9b\u4fc3\u8fdb\u4ea4\u6613\u7684\u670d\u52a1 \u5177\u5907\u5ba2\u6237\u4fe1\u606f\u83b7\u53d6\u80fd\u529b<\/p>\n<p>\u5982\u679c\u4ee5\u76ee\u524d\u7684Uniswap\u4e3a\u4f8b\uff0c\u524d\u7aef\u670d\u52a1\u662f\u7531\u9879\u76ee\u65b9\u6765\u63d0\u4f9b\u548c\u7ef4\u62a4\uff0c\u5b83\u662f\u767e\u5206\u767e\u63d0\u4f9b\u4e86\u4fc3\u8fdb\u4ea4\u6613\u7684\u670d\u52a1\uff0c\u5e76\u4e14\u5bf9\u8fd9\u79cd\u670d\u52a1\u6536\u8d39\uff0c\u540c\u65f6\u5b83\u6709\u80fd\u529b\u8bb0\u5f55\u5e76\u83b7\u53d6\u7528\u6237\u4fe1\u606f\uff08\u6bd4\u5982\u5728\u524d\u7aef\u589e\u8bbeKYC\u6216\u4ea4\u6613\u6761\u6b3e\u7b49\uff09<\/p>\n<p>\u90a3\u4e48\u6211\u4eec\u5047\u5b9a\u4e00\u79cd\u60c5\u51b5\uff0c\u5982\u679cUniswap\u56e2\u961f\u653e\u5f03\u63d0\u4f9b\u6240\u6709\u670d\u52a1\uff0c\u5f7b\u5e95\u9000\u51fa\u9879\u76ee\uff0c\u90a3\u4e48\u7406\u8bba\u4e0a\u7528\u6237\u4ecd\u7136\u53ef\u4ee5\u901a\u8fc7\u76f4\u63a5\u8bbf\u95eeUniswap\u90e8\u7f72\u7684AMM\u667a\u80fd\u5408\u7ea6\u6765\u5b8c\u6210\u4ea4\u6613\u76ee\u7684\uff0c\u8fd9\u662f\u56e0\u4e3a\u667a\u80fd\u5408\u7ea6\u4e00\u65e6\u90e8\u7f72\u5c31\u4f1a\u6c38\u8fdc\u5b58\u5728\u94fe\u4e0a\uff0c\u6b64\u65f6AMM\u5c31\u53d8\u6210\u4e86\u4e00\u79cd\u53bb\u4e2d\u5fc3\u5316\u5de5\u5177\uff0c\u5728\u53bb\u4e2d\u5fc3\u5316\u7684\u73af\u5883\u4e2d\u9879\u76ee\u65b9\u4e5f\u65e0\u6cd5\u83b7\u53d6\u7528\u6237\u4fe1\u606f\uff0c\u8fd9\u5c31\u4e0d\u6ee1\u8db3\u7b2c\u4e8c\u4e2a\u754c\u5b9a\u56e0\u7d20\uff0c\u867d\u7136Uniswap\u90e8\u7f72\u4e86AMM\u5408\u7ea6\u80fd\u591f\u8ba9\u7528\u6237\u8fdb\u884c\u4ea4\u6613\uff0c\u4f46\u5b83\u5df2\u7ecf\u4e0d\u5177\u5907\u201c\u4e3b\u52a8\u201d\u4fc3\u8fdb\u4ea4\u6613\u548c\u83b7\u53d6\u7528\u6237\u4fe1\u606f\u7684\u80fd\u529b\uff0c\u5219\u6cd5\u89c4\u53ef\u80fd\u65e0\u6cd5\u627e\u5230\u9002\u7528\u7684\u7ecf\u7eaa\u4eba\u5bf9\u8c61\u3002<\/p>\n<p>\u6240\u4ee5\uff0c\u7ed3\u8bba\u662f\u9879\u76ee\u53bb\u4e2d\u5fc3\u5316\u7684\u7a0b\u5ea6\u8d8a\u9ad8\uff0c\u88ab\u8ba4\u5b9a\u4e3a\u7ecf\u7eaa\u4eba\u7684\u53ef\u80fd\u6027\u8d8a\u4f4e\u3002<\/p>\n<p>\u603b\u7ed3\uff0c\u53bb\u4e2d\u5fc3\u5316\u9879\u76ee\u7684\u51e0\u4e2a\u6838\u5fc3\u7279\u70b9\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u667a\u80fd\u5408\u7ea6\u7684\u81ea\u8fd0\u884c\u6027\uff1a\u6838\u5fc3\u4ea4\u6613\u529f\u80fd\u901a\u8fc7\u90e8\u7f72\u5728\u533a\u5757\u94fe\u4e0a\u7684\u667a\u80fd\u5408\u7ea6\u5b9e\u73b0\uff0c\u5408\u7ea6\u662f\u4e0d\u53ef\u7be1\u6539\u7684\uff0c\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u4e0e\u4e4b\u4ea4\u4e92\uff0c\u65e0\u9700\u8bb8\u53ef\u3002<\/p>\n<\/li>\n<li>\n<p>\u65e0\u4e2d\u5fc3\u5316\u7ba1\u7406\uff1a\u5982\u679c\u9879\u76ee\u65b9\u9000\u51fa (\u4f8b\u5982\u505c\u6b62\u7ef4\u62a4\u524d\u7aef\u754c\u9762)\uff0c\u667a\u80fd\u5408\u7ea6\u4ecd\u7136\u53ef\u4ee5\u8fd0\u884c\uff0c\u4e14\u4e0d\u4f9d\u8d56\u4efb\u4f55\u4e2d\u5fc3\u5316\u5b9e\u4f53\u3002<\/p>\n<\/li>\n<li>\n<p>\u524d\u7aef\u670d\u52a1\u72ec\u7acb\u6027\uff1a\u5373\u4f7f\u5b98\u65b9\u524d\u7aef (\u5982Uniswap\u7684\u5b98\u7f51) \u4e0b\u7ebf\uff0c\u7b2c\u4e09\u65b9\u5f00\u53d1\u8005\u53ef\u4ee5\u6784\u5efa\u81ea\u5df1\u7684\u524d\u7aef\u4e0e\u667a\u80fd\u5408\u7ea6\u4ea4\u4e92\u3002<\/p>\n<\/li>\n<li>\n<p>\u65e0\u6cd5\u638c\u63a7\u5ba2\u6237\u4fe1\u606f\uff1a\u7531\u4e8e\u94fe\u4e0a\u4ea4\u4e92\u662f\u5b8c\u5168\u53bb\u4fe1\u4efb\u7684\uff0c\u9879\u76ee\u65b9\u901a\u5e38\u65e0\u6cd5\u83b7\u53d6\u5ba2\u6237\u7684\u8eab\u4efd\u4fe1\u606f\u6216\u4ea4\u6613\u6570\u636e\u3002<\/p>\n<\/li>\n<\/ul>\n<p><strong>3\/4 \u00b7 \u5bf9\u4e8e DeFi \u7684\u5f71\u54cd<\/strong><\/p>\n<p>\u5728 DeFi \u8bde\u751f\u521d\u671f\uff0c\u5927\u591a\u6570\u9879\u76ee\u7684\u7ec8\u70b9\u8fd8\u662f\u8d70\u5411\u53bb\u4e2d\u5fc3\u5316\uff0c\u6700\u7ec8\u5c06\u9879\u76ee\u4ea4\u7ed9\u793e\u533a\u81ea\u6cbb\uff0c\u5b8c\u5168\u5728\u94fe\u4e0a\u81ea\u8fd0\u884c\u3002\u4f46\u968f\u7740\u65f6\u4ee3\u7684\u53d1\u5c55\uff0c\u5927\u5bb6\u53d1\u73b0\u60f3\u5b9e\u73b0\u8fd9\u79cd\u7406\u60f3\u5e76\u6ca1\u6709\u60f3\u8c61\u4e2d\u90a3\u4e48\u7b80\u5355\uff0c\u591a\u6570\u9879\u76ee\u79bb\u5f00\u9879\u76ee\u65b9\u540e\u9010\u6e10\u6d88\u5931\u5728\u5e02\u573a\u89c6\u91ce\u4e2d\uff0c\u4e3b\u8981\u6709\u4ee5\u4e0b\u51e0\u70b9\u539f\u56e0\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u9879\u76ee\u65b9\u672c\u8eab\u7559\u4e0b\u4e00\u5806\u70c2\u644a\u5b50\uff0c\u4ee5\u53bb\u4e2d\u5fc3\u5316\u7684\u540d\u4e49\u8f6fRug<\/p>\n<\/li>\n<li>\n<p>\u5e02\u573a\u6574\u4f53\u8ba4\u77e5\u4e0d\u591f\uff0c\u9700\u8981\u6709\u4e2d\u5fc3\u5316\u7684\u5f15\u5bfc\u548c\u63a8\u52a8<\/p>\n<\/li>\n<li>\n<p>\u9879\u76ee\u672c\u8eab\u6ca1\u6709\u95ee\u9898\uff0c\u4f46\u4e0d\u591f\u6210\u719f\uff0c\u793e\u533a\u4e0d\u5177\u5907\u81ea\u6cbb\u548c\u63a8\u52a8\u9879\u76ee\u53d1\u5c55\u7684\u80fd\u529b<\/p>\n<\/li>\n<\/ul>\n<p><strong>(1) \u9700\u8981\u4e2d\u5fc3\u5316\u53c2\u4e0e\u7684DeFi<\/strong><\/p>\n<p>\u6240\u4ee5\u5728\u8fd9\u4e2a\u5468\u671f\uff0c\u5f88\u591aceDeFi\u9879\u76ee\u5f00\u59cb\u5d1b\u8d77\uff0c\u65e2\u7136\u7eafDeFi\u9879\u76ee\u76ee\u524d\u65e0\u6cd5\u5b8c\u6210\u201c\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u201d\u7684\u76ee\u6807\uff0c\u4e0d\u5982\u76f4\u63a5\u5f15\u5165\u76f8\u5bf9\u4e13\u4e1a\u3001\u5408\u89c4\u7684\u4e2d\u5fc3\u5316\u5b9e\u4f53\u548c\u7b56\u7565\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u8fd9\u4e9b\u4e2d\u5fc3\u5316\u5b9e\u4f53\u88ab\u8ba4\u5b9a\u4e3a\u201c\u7ecf\u7eaa\u4eba\u201d\u7684\u53ef\u80fd\u6027\u5f88\u5927\u3002\u5982\u679c\u8fd9\u9879\u6cd5\u89c4\u7684\u5230\u6279\u51c6\u548c\u63a8\u884c\uff0c\u610f\u5473\u7740\u8fd9\u4e9b\u9879\u76ee\u53ef\u80fd<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u8981\u6c42\u7528\u6237\u63d0\u4f9bKYC<\/p>\n<\/li>\n<li>\n<p>\u5728\u5408\u89c4\u8d1f\u62c5\u4e0b\uff0c\u6253\u5f00\u524d\u7aef\u6536\u8d39\u6216\u670d\u52a1\u6536\u8d39<\/p>\n<\/li>\n<\/ul>\n<p>\u4f46\u540c\u65f6\u610f\u5473\u7740\u201c\u7ecf\u7eaa\u4eba\u201d\u53ef\u4ee5\u5408\u7406\u5408\u6cd5\u7684\u5f00\u5c55\u6d3b\u52a8\uff0c\u6210\u672c\u662f\u5408\u89c4\u8d1f\u62c5\u4e0b\uff0c\u9700\u8981\u589e\u52a0\u81ea\u8eab\u7684\u6536\u5165\u80fd\u529b\uff0c\u6bd4\u5982\u5bf9\u5ba2\u6237\u6536\u8d39\u7b49\u3002<\/p>\n<p><strong>(2) \u6709\u80fd\u529b\u53bb\u4e2d\u5fc3\u5316\u7684DeFi<\/strong><\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u53bb\u4e2d\u5fc3\u5316\u524d\u7aef<\/p>\n<\/li>\n<li>\n<p>\u667a\u80fd\u5408\u7ea6\u56fa\u5316\u3001\u4e0d\u53ef\u5347\u7ea7<\/p>\n<\/li>\n<li>\n<p>\u94fe\u4e0a\u81ea\u6cbb<\/p>\n<\/li>\n<\/ul>\n<p>\u505a\u5230\u4ee5\u4e0a\u51e0\u70b9\u5219\u5f88\u96be\u88ab\u5224\u5b9a\u4e3a\u201c\u7ecf\u7eaa\u4eba\u201d\uff0c\u6240\u4ee5\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u6765\u770b\uff0c\u8be5\u6cd5\u89c4\u5373\u4f7f\u63a8\u884c\uff0c\u4e3b\u8981\u9762\u5bf9\u7684\u5bf9\u8c61\u4e5f\u662f\u6bd4\u8f83\u4f9d\u8d56\u4e2d\u5fc3\u5316\u4e3b\u5bfc\u7684\u9879\u76ee\uff0c\u867d\u7136\u8fd9\u7c7b\u9879\u76ee\u5728\u5f53\u524d\u5e02\u573a\u4e2d\u5360\u5927\u90e8\u5206\uff0c\u4f46\u957f\u671f\u6765\u8bf4\u5bf9DeFi\u7684\u53bb\u4e2d\u5fc3\u5316\u4e5f\u662f\u4e00\u4e2a\u63a8\u52a8\uff0c\u800c\u5bf9\u4e8e\u8fdb\u5165\u8fd9\u4e2a\u884c\u4e1a\u7684\u4e2d\u5fc3\u5316\u5b9e\u4f53\u8981\u6c42\u53d8\u5f97\u8d8a\u6765\u8d8a\u9ad8\u3002<\/p>\n<p><strong>4\/4 \u00b7 DeFi \u51fa\u53e3<\/strong><\/p>\n<p>\u9996\u5148\uff0c\u76d1\u7ba1\u548c\u5408\u89c4\u7684\u660e\u786e\u5bf9\u4e8eDeFi\u6765\u8bf4\u53ea\u662f\u65f6\u95f4\u95ee\u9898\uff0c\u5f53\u7136\u8fd9\u79cd\u660e\u786e\u5728\u5ddd\u666e\u4efb\u671f\u5185\u53ef\u80fd\u4f1a\u5360\u5230\u5730\u5229\uff0c\u5e02\u573a\u671f\u671b\u7684\u662f\u4e00\u79cd\u66f4\u52a0\u5bbd\u677e\u7684\u76d1\u7ba1\u3002\u6211\u4eec\u8fd9\u91cc\u6839\u636e\u5df2\u7ecf\u51fa\u73b0\u7684\u6cd5\u6848\u6216\u8349\u6848\uff0c\u8ba8\u8bba\u4e00\u79cd DeFi \u9879\u76ee\u9762\u5bf9\u76d1\u7ba1\u548c\u5408\u89c4\u7684\u6700\u4f18\u89e3\uff0c\u5b8c\u7f8e\u51fa\u53e3\u3002<\/p>\n<p><strong>(1) \u7ecf\u7eaa\u4eba\u5224\u5b9a\u65b9\u9762<\/strong><\/p>\n<p>\u8fd9\u4e2a\u65b9\u9762\u662f\u672c\u7bc7\u8ba8\u8bba\u7684\u91cd\u70b9\uff0c\u7ed3\u8bba\u5c31\u662f\u8981\u4e48\u628a\u8fd9\u4e2a\u4e8b\u60c5\u505a\u6210\u6b63\u89c4\u7684\u751f\u610f\uff0c\u9075\u5b88 IRS \u7684\u62a5\u544a\u8981\u6c42\u5e76\u63a5\u53d7\u7ecf\u7eaa\u4eba\u7684\u8ba4\u5b9a\uff0c\u8981\u4e48\u5c06\u9879\u76ee\u9010\u6e10\u53bb\u4e2d\u5fc3\u5316\u3002<\/p>\n<p><strong>(2) \u4ee3\u5e01\u6027\u8d28\u8ba4\u5b9a\u65b9\u9762<\/strong><\/p>\n<p>\u5728 ETH \u73b0\u8d27 ETF \u7533\u8bf7\u88ab\u6279\u51c6\u7684\u80cc\u666f\u4e0b\uff0c\u52a0\u4e0a\u4e4b\u524d FIT-21\u4e16\u7eaa\u91d1\u878d\u521b\u65b0\u4e0e\u6280\u672f\u6cd5\u6848 \u4e2d\u7684\u5185\u5bb9\uff0c\u5bf9\u4e8e\u9879\u76ee\u4ee3\u5e01\u5982\u4f55\u754c\u5b9a\u8bc1\u5238\u548c\u5546\u54c1\u6709\u4e86\u4e00\u4e2a\u57fa\u7840\u5224\u5b9a\u4f9d\u636e\u3002<\/p>\n<p>\u76ee\u524d\u5bf9\u4e8e ETH \u7684\u5b9a\u4e49\u66f4\u52a0\u503e\u5411\u4e8e\u529f\u80fd\u6027\u7684\u4f7f\u7528\uff0c\u5176\u5b58\u5728\u7684\u8d28\u62bc\u548c\u6cbb\u7406\u6027\u8d28\u66f4\u591a\u662f\u7ef4\u62a4\u7f51\u7edc\u8fd0\u884c\u800c\u975e\u7ecf\u6d4e\u56de\u62a5\uff0c\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\u66f4\u503e\u5411\u5b9a\u4e49\u4e3a\u5546\u54c1\u800c\u975e\u8bc1\u5238\u3002<\/p>\n<p>\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u6765\u8bf4\uff0c\u5bf9\u4e8eDeFi\u534f\u8bae\uff0c\u5728\u6cbb\u7406\u65b9\u5411\u4e0a\u5982\u679c\u66f4\u8d8b\u8fd1\u4e8e\u83b7\u53d6\u7ecf\u6d4e\u56de\u62a5\u6216\u5206\u7ea2\uff0c\u5219\u5176\u5b9a\u4f4d\u66f4\u6709\u53ef\u80fd\u88ab\u5b9a\u4e49\u4e3a\u8bc1\u5238\uff0c\u5982\u679c\u8d8b\u4e8e\u529f\u80fd\u6027\u3001\u6280\u672f\u5347\u7ea7\u7b49\u65b9\u9762\uff0c\u5219\u88ab\u5b9a\u4e49\u4e3a\u5546\u54c1\u7684\u6982\u7387\u66f4\u5927\u3002<\/p>\n<blockquote>\n<p>\u6211\u4eec\u8fd8\u662f\u62ffUniswap\u4e3e\u4f8b\u5b50\uff0c\u5982\u679c\u60f3\u907f\u514d\u201c\u7ecf\u7eaa\u4eba\u201d\u5224\u5b9a\uff0c\u540c\u65f6\u6700\u5927\u9650\u5ea6\u4fdd\u8bc1\u5176\u4ee3\u5e01\u88ab\u5b9a\u4e49\u4e3a\u5546\u54c1\u800c\u975e\u8bc1\u5238\uff0c\u5e94\u8be5\u8d70\u51fa\u8fd9\u79cd\u5b8c\u7f8e\u51fa\u53e3\uff1f<\/p>\n<\/blockquote>\n<ol class=\" list-paddingleft-2\">\n<li>\n<p>\u4e0b\u67b6\u524d\u7aef\u548c\u6536\u8d39\uff0c\u4ea4\u6613\u4f9d\u9760\u7b2c\u4e09\u65b9\u524d\u7aef\uff0c\u6216\u6559\u80b2\u7528\u6237\u76f4\u63a5\u4e0e\u667a\u80fd\u5408\u7ea6\u4ea4\u4e92<\/p>\n<\/li>\n<li>\n<p>\u81ea\u5df1\u53d1\u94fe\uff0c\u5c06\u4ee3\u5e01\u9010\u6e10 \u201c\u4ee5\u592a\u574a\u5316\u201d\uff0c\u4f5c\u4e3a\u4e00\u79cd\u529f\u80fd\u6027\u4f7f\u7528\u548c\u7f51\u7edc\u7ef4\u62a4\uff0c\u89c4\u907f\u8bc1\u5238\u8ba4\u5b9a\u3002<\/p>\n<\/li>\n<\/ol>\n<p>\u65e0\u8bba\u8fd9\u4e9b\u6cd5\u89c4\u662f\u5426\u4f1a\u88ab\u6279\u51c6\u548c\u63a8\u8fdb\uff0cDeFi\u5982\u679c\u59cb\u7ec8\u4fdd\u6301\u5411\u53bb\u4e2d\u5fc3\u5316\u7684\u76ee\u6807\u524d\u8fdb\uff0c\u662f\u4e0d\u4f1a\u53d7\u5230\u5f71\u54cd\u7684\uff0c\u5f53\u7136\u5728\u8fd9\u4e2a\u8fc7\u7a0b\u4e2d\u4e00\u4e9b\u4ecd\u7136\u9700\u8981\u4e2d\u5fc3\u5316\u5b9e\u4f53\u53c2\u4e0e\u548c\u4e3b\u5bfc\u7684\u9879\u76ee\u5b58\u5728\uff0c\u800c\u4e14\u76ee\u524d\u662f\u5927\u591a\u6570\uff0c\u5b83\u4eec\u53ef\u80fd\u9700\u8981\u9762\u4e34\u9009\u62e9\u548c\u5e73\u8861\uff0c\u8fd9\u662f\u987a\u5e94\u65f6\u4ee3\u53d1\u5c55\u7684\u9700\u8981\uff0c\u53bb\u4e2d\u5fc3\u5316\u4e0d\u662f\u4e00\u5929\u5b8c\u6210\u7684\u3002<\/p>\n<\/div>\n<div id=\"project-details\" data-v-9516d980>\n<div class=\"project-details\" data-v-9516d980>\n<div class=\"project-details-l\" data-v-9516d980><img alt class=\"project-details-l-img\" data-v-9516d980><\/div>\n<div class=\"project-details-connent\" data-v-9516d980>\n<div class=\"project-data\" data-v-9516d980>\n<h3 class=\"project-data-name\" data-v-9516d980><\/h3>\n<p class=\"project-data-description\" data-v-9516d980>\n<\/div>\n<div class=\"to-view-more\" data-v-9516d980>\u67e5\u770b\u66f4\u591a<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p> <!--&gt;--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DeFi \u5f81\u7a0e\uff1f\u6d1e\u6089\u94fe\u4e0a\u53e4\u7075\u9601\u7684\u4e00\u5207 \u4f5c\u8005\uff1a\u9648\u9ed8 \u6765\u6e90\uff1aX\uff0c@cmDeFi \u6838\u5fc3\u89c2\u70b9\uff1a\u7406\u89e3DeFi\u5728\u4ec0\u4e48\u60c5\u51b5\u4e0b [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2194","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/2194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2194"}],"version-history":[{"count":1,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/2194\/revisions"}],"predecessor-version":[{"id":3900,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/2194\/revisions\/3900"}],"wp:attachment":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}