{"id":173,"date":"2026-01-24T07:10:40","date_gmt":"2026-01-23T23:10:40","guid":{"rendered":"http:\/\/okx.biquan123.com\/blog\/?p=173"},"modified":"2026-01-24T07:41:26","modified_gmt":"2026-01-23T23:41:26","slug":"okx-ventures%ef%bc%9a%e6%b7%b1%e5%85%a5%e6%8e%a2%e8%ae%a8%e5%a1%91%e9%80%a0%e7%8e%b0%e5%ae%9e%e4%b8%96%e7%95%8c%e8%b5%84%e4%ba%a7%e7%9a%84%e5%85%ad%e5%a4%a7%e5%85%b3%e9%94%ae%e8%b5%84%e4%ba%a7","status":"publish","type":"post","link":"http:\/\/okx.biquan123.com\/blog\/?p=173","title":{"rendered":"OKX Ventures\uff1a\u6df1\u5165\u63a2\u8ba8\u5851\u9020\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u516d\u5927\u5173\u952e\u8d44\u4ea7\u5e02\u573a"},"content":{"rendered":"<p><i><b><span dir=\"auto\">\u4f5c\u8005<\/span><\/b><\/i><i><span dir=\"auto\">\uff1aEsme Zheng\uff0cOKX Ventures<\/span><\/i><\/p>\n<p><span dir=\"auto\">\u5728\u5f53\u524d\u7684\u5e02\u573a\u73af\u5883\u4e0b\uff0c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/what-are-real-world-assets-rwas\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff08RWA\uff09<\/span><\/a><span dir=\"auto\">\u6b63\u8fc5\u901f\u5d1b\u8d77\uff0c\u6210\u4e3a\u4e00\u80a1\u4e3b\u5bfc\u529b\u91cf\u3002\u4eca\u5e74 7 \u6708\uff0cCoinGecko \u5728\u5176\u300a2024 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u62a5\u544a\u300b\u4e2d\u6307\u51fa\uff0c\u6a21\u56e0\u5e01\u3001\u4eba\u5de5\u667a\u80fd\u548c RWA \u662f\u6700\u53d7\u6b22\u8fce\u7684\u7c7b\u522b\uff0c\u5360\u7f51\u7edc\u6d41\u91cf\u7684 77.5%\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u82b1\u65d7\u94f6\u884c\u3001\u8d1d\u83b1\u5fb7\u3001\u5bcc\u8fbe\u548c\u6469\u6839\u5927\u901a\u7b49\u4f20\u7edf\u91d1\u878d\u5de8\u5934\u4e5f\u7eb7\u7eb7\u8fdb\u5165\u8be5\u9886\u57df\u3002\u6839\u636e Dune Analytics \u7684\u6570\u636e\uff0c\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 (RWA) \u53d9\u4e8b\u4eca\u5e74\u589e\u957f\u4e86 117%\uff0c\u4ec5\u6b21\u4e8e meme\u3002\u672c\u6587\u5c06\u5168\u9762\u56de\u987e RWA \u884c\u4e1a\u7684\u73b0\u72b6\u53ca\u5176\u672a\u6765\u673a\u9047\u3002<\/span><\/p>\n<h2 id=\"1\"><span dir=\"auto\">TL;DR<\/span><\/h2>\n<ol>\n<li><span dir=\"auto\">\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 (RWA) \u662f DeFi \u4e2d\u589e\u957f\u6700\u5feb\u7684\u9886\u57df\u4e4b\u4e00\u30022023 \u5e74\u5168\u5e74\uff0cRWA \u7684\u603b\u9501\u5b9a\u4ef7\u503c (TVL) \u7ffb\u4e86\u4e00\u756a\uff0c\u800c\u94fe\u4e0a\u8d44\u4ea7\u4ef7\u503c\u81ea 2024 \u5e74\u521d\u4ee5\u6765\u5df2\u589e\u957f 50%\uff0c\u8fbe\u5230 120 \u4ebf\u7f8e\u5143\uff08\u4e0d\u5305\u62ec\u7a33\u5b9a\u5e01\uff09\u3002\u589e\u957f\u6700\u5feb\u3001\u89c4\u6a21\u6700\u5927\u7684\u7ec6\u5206\u5e02\u573a\u662f\u79c1\u4eba\u4fe1\u8d37\u5e02\u573a\uff08\u5360 76%\uff09\u548c\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\uff08\u5360 17%\uff09\u3002\u5176\u4f59\u91cd\u8981\u90e8\u5206\u5305\u62ec\u9ec4\u91d1\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u548c\u623f\u5730\u4ea7\u4ee3\u5e01\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u8fd115\u5bb6\u4e3b\u6d41\u53d1\u884c\u673a\u6784\u53d1\u884c\u4e86\u8d85\u8fc732\u79cd\u4ee3\u5e01\u5316\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\uff0c\u603b\u8d44\u4ea7\u8d85\u8fc720\u4ebf\u7f8e\u5143\uff0c\u8f83\u5e74\u521d\u589e\u957f\u4e861627%\u3002\u516d\u5927\u94fe\u4e0a\u4fe1\u8d37\u534f\u8bae\u2014\u2014Figure\u3001Centrifuge\u3001Maple\u3001Goldfinch\u3001TrueFi\u548cCredix\u2014\u2014\u7684\u6d3b\u8dc3\u8d37\u6b3e\u603b\u989d\u8fbe\u523088.8\u4ebf\u7f8e\u5143\uff0c\u8f83\u5e74\u521d\u589e\u957f\u4e8643%\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u7ee7\u94fe\u4e0a\u7a33\u5b9a\u5e01\u7684\u6210\u529f\u5e94\u7528\u4ee5\u53ca\u94fe\u4e0b\u4e2d\u5fc3\u5316\u53d1\u884c\u673a\u6784\u5b9e\u73b0\u7684\u8bf1\u4eba\u51c0\u606f\u5dee\u4e4b\u540e\uff0c\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 (RWA) \u6f14\u8fdb\u7684\u4e0b\u4e00\u9636\u6bb5\u5c06\u7531\u4ee3\u5e01\u5316\u7f8e\u56fd\u56fd\u503a\u7684\u53d1\u884c\u9a71\u52a8<\/span><b><span dir=\"auto\">\u3002<\/span><\/b><span dir=\"auto\">\u5728\u6b64\u9636\u6bb5\uff0c\u4ee3\u5e01\u6301\u6709\u8005\u901a\u8fc7\u76f4\u63a5\u6295\u8d44\u7531\u7f8e\u56fd\u653f\u5e9c\u652f\u6301\u7684\u77ed\u671f\u3001\u9ad8\u6d41\u52a8\u6027\u7684\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff0c\u83b7\u5f97\u6700\u5927\u4efd\u989d\u7684\u51c0\u606f\u5dee\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u4e2d\u5fc3\u5316\u91d1\u878d\u574f\u8d26\u5371\u673a\u7206\u53d1\u540e\uff0c\u94fe\u4e0a\u6c11\u95f4\u4fe1\u8d37\u5e02\u573a\u66fe\u9762\u4e34\u5de8\u5927\u6311\u6218\u3002\u7136\u800c\uff0c\u5728\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\uff08RWA\uff09\u7684\u9a71\u52a8\u4e0b\uff0c\u8be5\u5e02\u573a\u5982\u4eca\u6b63\u7ecf\u5386\u590d\u82cf\u3002\u5c3d\u7ba1\u94fe\u4e0a\u4fe1\u8d37\u76ee\u524d\u57281.5\u4e07\u4ebf\u7f8e\u5143\u4f20\u7edf\u6c11\u95f4\u4fe1\u8d37\u5e02\u573a\u4e2d\u6240\u5360\u4efd\u989d\u4e0d\u52300.5%\uff0c\u4f46\u5176\u5f3a\u52b2\u7684\u4e0a\u5347\u8d8b\u52bf\u8868\u660e\uff0c\u94fe\u4e0a\u4fe1\u8d37\u9886\u57df\u4ecd\u6709\u5de8\u5927\u7684\u53d1\u5c55\u6f5c\u529b\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u4f20\u7edf\u91d1\u878d\u5e94\u7528\u4e2d\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u4ee3\u5e01\u5316\u6d89\u53ca\u5e7f\u6cdb\u7684\u8d44\u4ea7\u53d1\u884c\u3001\u4ea4\u6613\u7b49\u64cd\u4f5c\u3002\u5bf9\u4e8e\u63a7\u5236\u6838\u5fc3\u8d44\u4ea7\u7684\u91d1\u878d\u673a\u6784\u800c\u8a00\uff0c\u5408\u89c4\u6027\u548c\u5b89\u5168\u6027\u662f\u9996\u8981\u8003\u8651\u56e0\u7d20\u3002\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 (RWA) \u9700\u8981\u5b58\u5728\u4e8e\u201c\u53ef\u4fe1\u91d1\u878d\u201d\u6216\u201c\u53ef\u9a8c\u8bc1\u91d1\u878d\u201d\u7684\u6846\u67b6\u5185\uff0c\u5e76\u4e14\u5fc5\u987b\u662f\u201c\u53d7\u76d1\u7ba1\u7684\u52a0\u5bc6\u8d27\u5e01\u201d\u3002\u5c24\u5176\u662f\u5728<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/decoding-the-growth-patterns-and-future-directions-of-stablecoins\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u7a33\u5b9a\u5e01<\/span><\/a><span dir=\"auto\">\u7684\u80cc\u666f\u4e0b\uff0c\u5b83\u4eec\u4ecd\u7136\u9700\u8981\u94fe\u4e0b\u4e2d\u4ecb\u673a\u6784\u7684\u5927\u91cf\u53c2\u4e0e\uff0c\u5305\u62ec\u5ba1\u8ba1\u3001\u5408\u89c4\u548c\u8d44\u4ea7\u7ba1\u7406\uff0c\u800c\u6240\u6709\u8fd9\u4e9b\u90fd\u9700\u8981\u4fe1\u4efb\u7684\u57fa\u7840\u3002<\/span><\/li>\n<\/ol>\n<h2 id=\"2\"><span dir=\"auto\">\u4e00\u3001\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u9886\u57df\u7684\u73b0\u72b6<\/span><\/h2>\n<h3><span dir=\"auto\">\u5e02\u573a\u4f9b\u6c42<\/span><\/h3>\n<ol>\n<li><span dir=\"auto\">RWA \u7684\u6838\u5fc3\u903b\u8f91\u662f\u5c06\u73b0\u5b9e\u4e16\u754c\u4e2d\u7684\u91d1\u878d\u8d44\u4ea7\uff08\u4f8b\u5982\u7f8e\u56fd\u56fd\u503a\u3001\u56fa\u5b9a\u6536\u76ca\u8bc1\u5238\u4ee5\u53ca\u80a1\u7968\u7b49\u6743\u76ca\u7c7b\u8d44\u4ea7\uff09\u7684\u6536\u76ca\u6620\u5c04\u5230\u533a\u5757\u94fe\u4e0a\uff0c\u4ece\u800c\u901a\u8fc7\u62b5\u62bc\u94fe\u4e0b\u8d44\u4ea7\u83b7\u5f97\u94fe\u4e0a\u6d41\u52a8\u6027\u3002\u5bf9\u4e8e\u9ec4\u91d1\u3001\u623f\u5730\u4ea7\u7b49\u5b9e\u7269\u8d44\u4ea7\uff0cRWA \u5c06\u8fd9\u4e9b\u8d44\u4ea7\u5f15\u5165\u533a\u5757\u94fe\uff0c\u5229\u7528\u533a\u5757\u94fe\u6280\u672f\u63d0\u5347\u4ea4\u6613\u7684\u4fbf\u6377\u6027\u548c\u900f\u660e\u5ea6\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5728\u7f8e\u8054\u50a8\u6301\u7eed\u52a0\u606f\u548c\u7f29\u8868\u7684\u80cc\u666f\u4e0b\uff0c\u9ad8\u6536\u76ca\u7387\u663e\u8457\u51b2\u51fb\u98ce\u9669\u5e02\u573a\u4f30\u503c\uff0c\u540c\u65f6\u52a0\u5bc6\u5e02\u573a\u6d41\u52a8\u6027\u5927\u5e45\u62bd\u79bb\uff0c\u5bfc\u81f4<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/defi-yield-aggregator-guide\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">DeFi\u6536\u76ca\u7387<\/span><\/a><span dir=\"auto\">\u6301\u7eed\u4e0b\u964d\u3002\u5728\u6b64\u671f\u95f4\uff0c\u7f8e\u56fd\u56fd\u503a\u9ad8\u8fbe5%\u7684\u65e0\u98ce\u9669\u6536\u76ca\u7387\u5bf9\u52a0\u5bc6\u5e02\u573a\u6781\u5177\u5438\u5f15\u529b\u3002\u5176\u4e2d\u6700\u663e\u8457\u7684\u4f8b\u5b50\u5c31\u662fMakerDAO\u5927\u89c4\u6a21\u8d2d\u4e70\u7f8e\u56fd\u56fd\u503a\u4f5c\u4e3a\u50a8\u5907\u8d44\u4ea7\uff0c\u8fd9\u4e0d\u4ec5\u4f7f\u5176\u8d44\u4ea7\u57fa\u7840\u591a\u5143\u5316\u3001\u7a33\u5b9a\u6c47\u7387\u3001\u964d\u4f4e\u5355\u70b9\u98ce\u9669\uff0c\u66f4\u91cd\u8981\u7684\u662f\uff0c\u6ee1\u8db3\u4e86\u52a0\u5bc6\u5e02\u573a\u5bf9\u73b0\u5b9e\u4e16\u754c\u91d1\u878d\u8d44\u4ea7\u6536\u76ca\u7387\u7684\u5f3a\u70c8\u9700\u6c42\u3002<\/span><\/li>\n<\/ol>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u6bcf\u79cd\u7c7b\u578b\u7684\u8d44\u4ea7\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/5kcY6wcJnxly14wzBYjugw\/cdf3a769142084a0fe86080dde160319\/Assets_per_type.png?x-oss-process=image\/resize,w_1280,h_518\/format,webp\" alt=\"\u6bcf\u79cd\u8d44\u4ea7\" width=\"1280\" height=\"518\" \/><\/button><\/p>\n<div class=\"index_imageCaption__H-TcN\"><span dir=\"auto\">\u8d44\u6599\u6765\u6e90\uff1a\u6c99\u4e18<\/span><\/div>\n<\/div>\n<p><span dir=\"auto\">3. \u5e02\u573a\u4e0a\u6d41\u901a\u7740\u5927\u91cf\u7684\u7a33\u5b9a\u5e01\uff0c\u4f46\u5728\u9ad8\u5229\u7387\u73af\u5883\u4e0b\uff0c\u6301\u6709\u8005\u5e76\u672a\u83b7\u5f97\u4efb\u4f55\u6536\u76ca\uff0c\u5b9e\u9645\u4e0a\u4ea7\u751f\u4e86\u673a\u4f1a\u6210\u672c\u3002\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u5c06\u6536\u76ca\u79c1\u6709\u5316\uff0c\u5c06\u635f\u5931\u793e\u4f1a\u5316\u3002\u6211\u4eec\u9700\u8981\u66f4\u591a\u7c7b\u578b\u7684\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\uff0c\u4ee5\u6709\u6548\u5229\u7528\u8fd9\u4e9b\u7a33\u5b9a\u5e01\uff0c\u4e3a\u7528\u6237\u521b\u9020\u6536\u76ca\uff0c\u5e76\u4e3a DeFi \u5e02\u573a\u5e26\u6765\u66f4\u591a\u6d41\u52a8\u6027\u3002<\/span><\/p>\n<p><span dir=\"auto\">4. \u5bf9\u4e8e\u50cf\u5bcc\u5170\u514b\u6797\u9093\u666e\u987f\u548cWisdomTree\u8fd9\u6837\u7684\u5927\u578b\u77e5\u540d\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u6765\u8bf4\uff0c\u4ee3\u5e01\u5316\u4ee3\u8868\u7740\u4e00\u79cd\u63a5\u89e6\u65b0\u5ba2\u6237\u7fa4\u4f53\u7684\u65b0\u5206\u9500\u6e20\u9053\u3002\u8fd9\u4e9b\u5ba2\u6237\u66f4\u503e\u5411\u4e8e\u5c06\u8d44\u4ea7\u4ee5\u6570\u5b57\u5f62\u5f0f\u5b58\u50a8\u5728\u533a\u5757\u94fe\u4e0a\uff0c\u800c\u4e0d\u662f\u4f20\u7edf\u7684\u7ecf\u7eaa\u8d26\u6237\u6216\u94f6\u884c\u8d26\u6237\u4e2d\u3002\u5bf9\u4ed6\u4eec\u6765\u8bf4\uff0c\u4ee3\u5e01\u5316\u56fd\u503a\u662f\u4ed6\u4eec\u7684\u201c\u6ee9\u5934\u9635\u5730\u201d\u3002<\/span><\/p>\n<p><span dir=\"auto\">5. \u4f20\u7edf\u91d1\u878d\u9886\u57df\u65e5\u76ca\u6ce8\u91cd\u4e0e DeFi \u6280\u672f\u7684\u878d\u5408\uff0c\u5229\u7528\u8d44\u4ea7\u901a\u8bc1\u5316\u6765\u964d\u4f4e\u6210\u672c\u3001\u63d0\u9ad8\u6548\u7387\uff0c\u5e76\u89e3\u51b3\u4f20\u7edf\u91d1\u878d\u56fa\u6709\u7684\u95ee\u9898\u3002\u5c06\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 (RWA) \u6620\u5c04\u5230\u533a\u5757\u94fe\u4e0a\uff0c\u4e0d\u4ec5\u6269\u5c55\u4e86\u5206\u5e03\u5f0f\u8d26\u672c\u6280\u672f\u7684\u5e94\u7528\u8303\u56f4\uff0c\u4e5f\u4f7f\u8d44\u4ea7\u4ea4\u6362\u548c\u7ed3\u7b97\u66f4\u52a0\u9ad8\u6548\u3002\u9664\u4e86\u63a2\u7d22\u65b0\u7684\u5206\u9500\u6e20\u9053\u5916\uff0c\u91cd\u70b9\u8fd8\u5728\u4e8e\u6280\u672f\u4e3a\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u5e26\u6765\u7684\u663e\u8457\u6548\u7387\u63d0\u5347\u548c\u521b\u65b0\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u5e02\u573a\u89c4\u6a21<\/span><\/h3>\n<p><span dir=\"auto\">RWA \u7684\u94fe\u4e0a\u8d44\u4ea7\u89c4\u6a21\u7ea6\u4e3a 120 \u4ebf\u7f8e\u5143\uff0c\u7a33\u5b9a\u5e01\u7684\u603b\u5e02\u503c\u8d85\u8fc7 1800 \u4ebf\u7f8e\u5143\u3002\u901a\u8fc7\u533a\u5757\u94fe\u6280\u672f\u5c06\u4f20\u7edf\u91d1\u878d\u8d44\u4ea7\u6570\u5b57\u5316\uff0c\u4e0d\u4ec5\u63d0\u9ad8\u4e86\u900f\u660e\u5ea6\u548c\u6548\u7387\uff0c\u4e5f\u5438\u5f15\u4e86\u66f4\u591a\u7528\u6237\u8fdb\u5165\u8fd9\u4e2a\u65b0\u5174\u5e02\u573a\u3002\u6839\u636e 21.co\u3001\u82b1\u65d7\u94f6\u884c\u548c\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7\u7684\u62a5\u544a\uff0c\u9884\u8ba1\u5230 2030 \u5e74\uff0c\u5728\u57fa\u51c6\u5e02\u573a\u60c5\u666f\u4e0b\uff0c\u4ee3\u5e01\u5316\u8d44\u4ea7\u7684\u603b\u4ef7\u503c\u5c06\u589e\u957f\u81f3 6.8 \u4e07\u4ebf\u7f8e\u5143\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"RWA \u5e02\u573a\u589e\u957f\u6f5c\u529b\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/6Yrb2M7Ol2rh0leDswC2YF\/5e76c6b22b044f294de6553b767276f1\/2_RWA_market_growth_potential.png?x-oss-process=image\/resize,w_1280,h_684\/format,webp\" alt=\"RWA \u5e02\u573a\u589e\u957f\u6f5c\u529b\" width=\"1280\" height=\"684\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u79c1\u4eba\u4fe1\u8d37\u548c\u7f8e\u56fd\u56fd\u503a\u662f\u4e3b\u8981\u7684<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/tokenization\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4ee3\u5e01\u5316\u8d44\u4ea7<\/span><\/a><span dir=\"auto\">\u2014\u2014\u8fd9\u4e24\u4e2a\u5e02\u573a\u5df2\u4ece\u51e0\u767e\u4e07\u7f8e\u5143\u53d1\u5c55\u6210\u4e3a\u603b\u8d37\u6b3e\u989d\u8fbe 88 \u4ebf\u7f8e\u5143\uff08\u5e74\u589e\u957f\u7387\u8fbe 63%\uff09\u7684\u501f\u8d37\u5e02\u573a\uff0c\u4ee5\u53ca\u8d85\u8fc7 20 \u4ebf\u7f8e\u5143\uff08\u5e74\u589e\u957f\u7387\u8fbe 2100%\uff09\u7684\u56fd\u503a\u5e02\u573a\u3002\u4ee3\u5e01\u5316\u56fd\u503a\u4ecd\u7136\u662f\u4e00\u4e2a\u6f5c\u529b\u5de8\u5927\u7684\u65b0\u5174\u9886\u57df\uff0c\u8be5\u9886\u57df\u7684\u65e9\u671f\u9886\u5bfc\u8005\u5305\u62ec\u5bcc\u5170\u514b\u6797\u9093\u666e\u987f\u3001\u8d1d\u83b1\u5fb7\u548c WisdomTree\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u79c1\u4eba\u4fe1\u8d37\u6307\u6807\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/32G3ZkW2JAm5ZjB3ln9DO\/dbe4160276347d24922de648f6bd7dff\/3_Private_credit_metrics.png?x-oss-process=image\/resize,w_1280,h_616\/format,webp\" alt=\"\u79c1\u4eba\u4fe1\u8d37\u6307\u6807\" width=\"1280\" height=\"616\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u7f8e\u8054\u50a8\u7684\u653f\u7b56\u5bf9 RWA DeFi \u9886\u57df\u7684\u6269\u5f20\u548c\u683c\u5c40\u4ea7\u751f\u4e86\u76f4\u63a5\u800c\u91cd\u5927\u7684\u5f71\u54cd\uff1a<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">2022 \u5e74\u7b2c\u4e09\u5b63\u5ea6\uff0c\u79c1\u4eba\u4fe1\u8d37\u652f\u6301\u7684\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u5360\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 TVL \u603b\u503c\u7684 56%\uff0c\u800c\u7f8e\u56fd\u56fd\u503a\u652f\u6301\u7684\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u5360 0%\u3002<\/span><\/li>\n<li><span dir=\"auto\">2023 \u5e74\u7b2c\u4e09\u5b63\u5ea6\uff0c\u7531\u79c1\u4eba\u4fe1\u8d37\u652f\u6301\u7684\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u5728\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 TVL \u603b\u989d\u4e2d\u7684\u5360\u6bd4\u4e0b\u964d\u81f3 18%\uff0c\u800c\u7531\u7f8e\u56fd\u56fd\u503a\u652f\u6301\u7684\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u5360\u6bd4\u4e0a\u5347\u81f3 27%\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u622a\u81f3\u672c\u6587\u53d1\u8868\u524d\u7684 2024 \u5e74 8 \u6708\u5e95\uff0c\u7531\u79c1\u4eba\u4fe1\u8d37\u652f\u6301\u7684\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u5360 TVL \u603b\u989d\u7684 76%\uff0c\u800c\u7531\u7f8e\u56fd\u56fd\u503a\u652f\u6301\u7684\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u7a33\u5b9a\u5728 17%\u3002<\/span><\/li>\n<\/ul>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u603b\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u4ef7\u503c\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/7LLVbwr5GpDyzVpPZDwTbP\/aa4122792110a071aaf02adc9c489c91\/4_Total_RWA_value.png?x-oss-process=image\/resize,w_1280,h_555\/format,webp\" alt=\"\u603b\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u4ef7\u503c\" width=\"1280\" height=\"555\" \/><\/button><\/div>\n<h3><span dir=\"auto\">\u5e02\u573a\u9a71\u52a8\u56e0\u7d20<\/span><\/h3>\n<p><span dir=\"auto\">\u6536\u76ca\u578b\uff08\u751f\u606f\u3001\u56fa\u5b9a\u6536\u76ca\uff09\u98ce\u9669\u52a0\u6743\u8d44\u4ea7 (RWA) \u589e\u957f\u8fc5\u901f\u3002\u81ea 2024 \u5e74\u521d\u4ee5\u6765\uff0c\u975e\u7a33\u5b9a\u5e01\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u7684\u94fe\u4e0a\u4ef7\u503c\u589e\u52a0\u4e86\u200b\u200b 41.1 \u4ebf\u7f8e\u5143\uff0c\u4e3b\u8981\u6765\u81ea\u7f8e\u56fd\u56fd\u503a\u3001\u79c1\u4eba\u4fe1\u8d37\u548c\u623f\u5730\u4ea7\u4ee3\u5e01\u3002\u5f53\u524d\u7684\u6574\u4f53\u589e\u957f\u548c\u751f\u6001\u7cfb\u7edf\u7684\u6539\u5584\u4e3b\u8981\u5f52\u56e0\u4e8e\u4ee5\u4e0b\u4e09\u4e2a\u56e0\u7d20\uff1a<\/span><\/p>\n<ol>\n<li><b><span dir=\"auto\">\u673a\u6784\u5229\u76ca\u548c\u65b0\u4ea7\u54c1<\/span><\/b><span dir=\"auto\">\uff0c\u4f8b\u5982\uff1a<\/span><\/li>\n<li><span dir=\"auto\">\u8d1d\u83b1\u5fb7\u548c Superstate \u7b49\u673a\u6784\u63a8\u51fa\u4e86\u65b0\u7684\u94fe\u4e0a\u56fd\u503a\u4ea7\u54c1\u548c\u56fd\u5e93\u5238\u57fa\u91d1\u3002<\/span><\/li>\n<li><span dir=\"auto\">Ondo \u63a8\u51fa\u4e86 USDY\uff0c\u8fd9\u662f Centrifuge \u4e0e Maker \u548c BlockTower \u7b49\u516c\u53f8\u7684\u5408\u4f5c\u6210\u679c\u3002<\/span><\/li>\n<\/ol>\n<p><span dir=\"auto\">2.<\/span><b><span dir=\"auto\">\u57fa\u7840\u8bbe\u65bd\u6539\u5584<\/span><\/b><span dir=\"auto\">\uff0c\u4f8b\u5982\uff1a<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">M^0 Labs \u6b63\u5728\u5f00\u53d1\u673a\u6784\u7ea7\u7a33\u5b9a\u5e01\u4e2d\u95f4\u4ef6\uff0c\u53ef\u7528\u4f5c\u5176\u4ed6\u4ea7\u54c1\u7684\u6784\u5efa\u6a21\u5757\u3002<\/span><\/li>\n<li><span dir=\"auto\">Ondo Global Markets \u521b\u5efa\u4e86\u4e00\u4e2a\u53cc\u5411\u7cfb\u7edf\uff0c\u7528\u4e8e\u5b9e\u73b0\u94fe\u4e0a\u4ee3\u5e01\u548c\u94fe\u4e0b\u8d26\u6237\u4e4b\u95f4\u7684\u65e0\u7f1d\u8f6c\u79fb\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">3.<\/span><b><span dir=\"auto\">\u4e0e DeFi \u96c6\u6210<\/span><\/b><span dir=\"auto\">\uff0c\u4f8b\u5982\uff1a<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">Morpho \u5141\u8bb8\u521b\u5efa\u975e\u6258\u7ba1\u4fdd\u9669\u5e93\uff0c\u5c06 RWA \u6536\u76ca\u4f20\u9012\u7ed9 DeFi \u7528\u6237\uff0c\u5e76\u4e0e Centrifuge \u96c6\u6210\u4ee5\u652f\u6301\u62b5\u62bc\u8d37\u6b3e\u3002<\/span><\/li>\n<li><span dir=\"auto\">TrueFi \u63a8\u51fa Trinity\uff0c\u4f7f\u7528\u6237\u80fd\u591f\u5b58\u5165\u4ee3\u5e01\u5316\u7684\u56fd\u503a\u4f5c\u4e3a\u62b5\u62bc\u54c1\uff0c\u4ee5\u94f8\u9020\u53ef\u5728 DeFi \u4e2d\u4f7f\u7528\u7684\u4e0e\u7f8e\u5143\u6302\u94a9\u7684\u8d44\u4ea7\u3002<\/span><\/li>\n<li><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/what-is-sky-makerdao\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">DAO\uff08Maker\uff09<\/span><\/a><span dir=\"auto\">\u6301\u6709\u8d44\u4ea7\u7684\u591a\u6837\u5316\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u7f8e\u8054\u50a8\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u6700\u65b0\u8868\u6001\u91ca\u653e\u4e86\u52a0\u606f\u5468\u671f\u4ee5\u6765\u7684\u9996\u4e2a\u9e3d\u6d3e\u4fe1\u53f7\uff0c\u8868\u660e\u7f8e\u8054\u50a8\u7684\u91cd\u70b9\u6b63\u4ece\u63a7\u5236\u901a\u80c0\u8f6c\u5411\u652f\u6301\u7ecf\u6d4e\u589e\u957f\u548c\u5c31\u4e1a\u3002\u964d\u606f\u5468\u671f\u8d8b\u52bf\u6b63\u5728\u9010\u6b65\u5f62\u6210\uff0c\u9884\u8ba1\u5c06\u523a\u6fc0\u6760\u6746\u8d44\u91d1\u7684\u56de\u5f52\u3002\u7f8e\u8054\u50a8\u5ba3\u5e03\u5c06\u57282024\u5e7412\u6708\u8fde\u7eed\u7b2c\u4e09\u6b21\u964d\u606f\u3002\u5728\u6301\u7eed\u7684\u9ad8\u5229\u7387\u653f\u7b56\u4e0b\uff0c\u56fd\u5e93\u5238\u4ecd\u5c06\u662f\u95f2\u7f6e\u8d44\u91d1\u7684\u9996\u9009\uff0c\u800c\u6301\u7eed\u7684\u964d\u606f\u8d8b\u52bf\u5c06\u5bf9\u5e02\u573a\u4ea7\u751f\u6df1\u8fdc\u7684\u5f71\u54cd\u3002\u4e00\u65b9\u9762\uff0c\u4f4e\u5229\u7387\u73af\u5883\u53ef\u80fd\u9f13\u52b1\u6295\u8d44\u8005\u5bfb\u6c42\u66f4\u9ad8\u6536\u76ca\u7684\u673a\u4f1a\uff0c\u4ece\u800c\u63a8\u52a8\u8d44\u91d1\u8fdb\u5165\u9ad8\u6536\u76ca\u7684DeFi\u9886\u57df\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u4f20\u7edf\u8d44\u4ea7\u6536\u76ca\u7387\u7684\u4e0b\u964d\u53ef\u80fd\u4fc3\u4f7f\u66f4\u591a\u98ce\u9669\u8d44\u4ea7\uff08RWA\uff09\u8fdb\u884c\u4ee3\u5e01\u5316\uff0c\u4ee5\u5728DeFi\u5e73\u53f0\u4e0a\u5bfb\u6c42\u66f4\u9ad8\u7684\u6536\u76ca\u3002\u5c4a\u65f6\uff0c\u5e02\u573a\u7ade\u4e89\u683c\u5c40\u6216\u5c06\u53d1\u751f\u8f6c\u53d8\uff0c\u66f4\u591a\u8d44\u91d1\u5c06\u6d8c\u5165\u878d\u5408DeFi\u6280\u672f\u7684\u9ad8\u6536\u76caRWA\u5e94\u7528\uff0c\u8fdb\u4e00\u6b65\u63a8\u52a8\u94fe\u4e0a\u7ecf\u6d4e\u7684\u53d1\u5c55\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u76ee\u6807\u5229\u7387\u6982\u7387\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/4EjTW4x3QfogB7demt6rz\/27c182586c8d29c93dead44aee9d4fb7\/5_Target_rate_probabilities.png?x-oss-process=image\/resize,w_1280,h_625\/format,webp\" alt=\"\u76ee\u6807\u5229\u7387\u6982\u7387\" width=\"1280\" height=\"625\" \/><\/button><\/div>\n<h3><span dir=\"auto\">\u7528\u6237\u914d\u7f6e\u6587\u4ef6<\/span><\/h3>\n<p><span dir=\"auto\">\u6839\u636e Galaxy Digital 2023 \u5e74\u5168\u5e74\u7edf\u8ba1\u6570\u636e\uff0c\u5927\u90e8\u5206 RWA \u7684\u94fe\u4e0a\u9700\u6c42\u4e3b\u8981\u7531\u5c11\u6570\u539f\u751f\u52a0\u5bc6\u8d27\u5e01\u7528\u6237\u63a8\u52a8\uff0c\u800c\u975e\u65b0\u7684\u52a0\u5bc6\u8d27\u5e01\u91c7\u7528\u8005\u6216\u8f6c\u5411\u94fe\u4e0a\u7684\u4f20\u7edf\u91d1\u878d\u7528\u6237\u3002\u8fd9\u4e9b\u4e0e RWA \u4ee3\u5e01\u4ea4\u4e92\u7684\u5730\u5740\u5927\u591a\u5728\u8fd9\u4e9b\u8d44\u4ea7\u88ab\u521b\u5efa\u4e4b\u524d\u5c31\u6d3b\u8dc3\u5728\u94fe\u4e0a\u3002\u4ee5\u4e0b\u6570\u636e\u4ec5\u57fa\u4e8e\u6301\u6709\u4ee3\u5e01\u5316\u56fd\u503a\u548c\u4e3b\u6d41\u79c1\u52df\u4fe1\u8d37\u8d44\u4ea7\u7684\u5730\u5740\uff1a<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u72ec\u7acb\u5730\u5740<\/span><\/b><span dir=\"auto\">\uff1a\u622a\u81f3 2023 \u5e74 8 \u6708 31 \u65e5\uff0c\u5171\u6709 3,232 \u4e2a\u72ec\u7acb\u5730\u5740\u6301\u6709 RWA \u8d44\u4ea7\u3002\u622a\u81f3 2024 \u5e74 8 \u6708 26 \u65e5\uff0c\u6301\u6709\u5730\u5740\u603b\u6570\u4e3a 61,879 \u4e2a\uff0c\u589e\u957f 1,815%\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u5e73\u5747\u5730\u5740\u5e74\u9f84<\/span><\/b><span dir=\"auto\">\uff1a882 \u5929\uff08\u7ea6 2.42 \u5e74\uff09\uff0c\u8868\u660e\u8fd9\u4e9b\u7528\u6237\u81ea 2021 \u5e74 4 \u6708\u5de6\u53f3\u5f00\u59cb\u6d3b\u8dc3\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u5e73\u5747 RWA \u5e74\u9f84<\/span><\/b><span dir=\"auto\">\uff1a375 \u5929\uff0c\u8868\u660e\u8fd9\u4e9b\u8d44\u4ea7\u4e0e\u5730\u5740\u76f8\u6bd4\u76f8\u5bf9\u8f83\u65b0\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4e0e RWA \u4ea4\u4e92\u7684\u6700\u65e7\u5730\u5740<\/span><\/b><span dir=\"auto\">\uff1a\u53ef\u8ffd\u6eaf\u81f3 2016 \u5e74 3 \u6708 22 \u65e5\uff0c\u5bff\u547d\u4e3a 2,718 \u5929\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u5206\u5e03<\/span><\/b><span dir=\"auto\">\uff1a\u94b1\u5305\u5730\u5740\u96c6\u4e2d\u5728 700-750 \u5929\u5de6\u53f3\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u6309\u5e74\u9f84\u7ec4\u5212\u5206\u7684\u5730\u5740\u6570\u91cf\uff1a<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">\u5c11\u4e8e 1 \u5e74\uff1a17%\uff08545 \u4e2a\u5730\u5740\uff09<\/span><\/li>\n<li><span dir=\"auto\">1 \u81f3 2 \u5e74\uff1a27%\uff08885 \u4e2a\u5730\u5740\uff09<\/span><\/li>\n<li><span dir=\"auto\">2 \u81f3 3 \u5e74\uff1a36%\uff081,148 \u4e2a\u5730\u5740\uff09<\/span><\/li>\n<li><span dir=\"auto\">3\u5e74\u4ee5\u4e0a\uff1a20%\uff08654\u4e2a\u5730\u5740\uff09<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u6839\u636e Transak \u7684\u62a5\u544a\uff0c\u5230 2024 \u5e74\u4e2d\u671f\uff0c\u4ec5\u4ee5\u592a\u574a\u533a\u5757\u94fe\u4e0a\u7684 RWA \u4ee3\u5e01\u6301\u6709\u8005\u603b\u6570\u5c31\u8d85\u8fc7 97,000 \u4eba\uff0c\u62e5\u6709\u8d85\u8fc7 205,000 \u4e2a\u552f\u4e00\u5730\u5740\u3002\u5728\u8fc7\u53bb\u4e00\u5e74\u4e2d\uff0c\u8fd9\u4e9b\u4ee3\u5e01\u589e\u52a0\u4e86\u7ea6 38,000 \u540d\u6301\u6709\u8005\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u81ea 2024 \u5e74\u521d\u4ee5\u6765\uff0cRWA \u4ee3\u5e01\u7684 DEX \u6574\u4f53\u4ea4\u6613\u91cf\u4e5f\u663e\u8457\u589e\u957f\u30022023\u5e74 12 \u6708\uff0c\u00a0<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/how-to-use-dex-screener-tips\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">DEX<\/span><\/a><span dir=\"auto\">\u4ea4\u6613\u91cf\u7ea6\u4e3a 23 \u4ebf\u7f8e\u5143\uff0c\u5230 2024 \u5e74 4 \u6708\u98d9\u5347\u81f3 36 \u4ebf\u7f8e\u5143\u4ee5\u4e0a\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u968f\u77402024\u5e74\u91c7\u7528\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u7684\u4f20\u7edf\u91d1\u878d\u673a\u6784\u6570\u91cf\u5927\u5e45\u589e\u52a0\uff0c\u6211\u4eec\u53ef\u4ee5\u9884\u671f\u4f1a\u6709\u66f4\u591a\u4f20\u7edf\u91d1\u878d\u7528\u6237\u9010\u6b65\u8fdb\u5165\u52a0\u5bc6\u9886\u57df\uff0c\u5e26\u6765\u65b0\u7684\u589e\u957f\u52a8\u529b\u548c\u589e\u91cf\u8d44\u672c\u3002<\/span><\/p>\n<h2 id=\"3\"><span dir=\"auto\">\u4e8c\u3001\u516d\u5927\u6838\u5fc3\u8d44\u4ea7\u7c7b\u522b\u8be6\u7ec6\u5206\u6790<\/span><\/h2>\n<p><span dir=\"auto\">\u4ee3\u5e01\u5316\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u5e02\u573a\u6839\u636e\u8d44\u4ea7\u7c7b\u578b\u5206\u4e3a\u516d\u5927\u7c7b\uff0c\u6309\u5e02\u503c\u6392\u5e8f\u5982\u4e0b\uff1a\u7a33\u5b9a\u5e01\u3001\u79c1\u52df\u503a\u3001\u56fd\u503a\uff08\u7f8e\u56fd\u56fd\u503a\uff09\u3001\u5927\u5b97\u5546\u54c1\u3001\u623f\u5730\u4ea7\u548c\u80a1\u7968\/\u8bc1\u5238\u3002\u94fe\u4e0a\u98ce\u9669\u52a0\u6743\u8d44\u4ea7\u7684\u603b\u5e02\u503c\u4e3a1831.2\u4ebf\u7f8e\u5143\uff0c\u800c\u94fe\u4e0b\u4f20\u7edf\u8d44\u4ea7\u7684\u603b\u5e02\u503c\u4e3a685.5\u4e07\u4ebf\u7f8e\u5143\u3002\u5982\u679c\u94fe\u4e0b\u4f20\u7edf\u8d44\u4ea7\u7684\u5e02\u503c\u6bcf\u5929\u4ec5\u589e\u52a01\u4e2a\u57fa\u70b9\uff080.01%\uff09\uff0c\u5c31\u80fd\u5e26\u6765\u7ea668.5\u4ebf\u7f8e\u5143\u7684\u589e\u91cf\uff0c\u63a5\u8fd1\u94fe\u4e0a\u8d44\u4ea7\u5e02\u503c\u768437%\u3002\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u6765\u770b\uff0c\u5373\u4f7f\u94fe\u4e0b\u8d44\u4ea7\u7684\u5c11\u91cf\u589e\u957f\uff0c\u4e5f\u80fd\u663e\u8457\u63a8\u52a8\u94fe\u4e0a\u8d44\u4ea7\u7684\u589e\u957f\u3002<\/span><\/p>\n<h3><span dir=\"auto\">1.\u7a33\u5b9a\u5e01<\/span><\/h3>\n<p><span dir=\"auto\">\u7a33\u5b9a\u5e01\u5df2\u5c55\u73b0\u51fa\u6e05\u6670\u7684\u4ea7\u54c1\u5e02\u573a\u5951\u5408\u5ea6 (PMF)\uff0c\u5e76\u521b\u9020\u4e86\u5de8\u5927\u7684\u76c8\u5229\u673a\u4f1a\u3002\u4f8b\u5982\uff0c\u4eca\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0c\u5c3d\u7ba1 Tether \u7ba1\u7406\u7684\u8d44\u4ea7\u89c4\u6a21\u4ec5\u4e3a\u8d1d\u83b1\u5fb7\u7684\u4e00\u5c0f\u90e8\u5206\uff08700 \u4ebf\u7f8e\u5143 vs. 8.5 \u4e07\u4ebf\u7f8e\u5143\uff09\uff0c\u4f46 Tether \u7684\u5229\u6da6\u5374\u8d85\u8fc7\u4e86\u8d1d\u83b1\u5fb7\uff0814.8 \u4ebf\u7f8e\u5143 vs. 11.6 \u4ebf\u7f8e\u5143\uff09\u3002<\/span><\/p>\n<p><b><span dir=\"auto\">\u5e02\u573a\u6982\u51b5\uff1a<\/span><\/b><\/p>\n<ul>\n<li><span dir=\"auto\">\u76ee\u524d\u7a33\u5b9a\u5e01\u7684\u5e02\u503c\u7ea6\u4e3a 1700 \u4ebf\u7f8e\u5143\uff0c\u6708\u4ea4\u6613\u91cf\u8fbe 1.69 \u4e07\u4ebf\u7f8e\u5143\uff0c\u6708\u6d3b\u8dc3\u5730\u5740\u8d85\u8fc7 1700 \u4e07\u4e2a\uff0c\u603b\u6301\u6709\u8005\u8d85\u8fc7 1.17 \u4ebf\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01<\/span><\/b><span dir=\"auto\">\u5360\u636e\u5e02\u573a\u4e3b\u5bfc\u5730\u4f4d\uff1a<\/span><\/li>\n<li><b><span dir=\"auto\">USDT<\/span><\/b><span dir=\"auto\">\u5360\u636e\u8fd170%\u7684\u5e02\u573a\u4efd\u989d\uff0c\u7ea6\u54081145.7\u4ebf\u7f8e\u5143\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">USDC<\/span><\/b><span dir=\"auto\">\u5360\u636e 20% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u7ea6\u5408 334.4 \u4ebf\u7f8e\u5143\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u53bb\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01<\/span><\/b><span dir=\"auto\">\u4fdd\u6301\u7a33\u5b9a\u7684\u5e02\u573a\u4efd\u989d\uff1a<\/span><\/li>\n<li><b><span dir=\"auto\">DAI<\/span><\/b><span dir=\"auto\">\u5360\u636e 3% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u7ea6 51.9 \u4ebf\u7f8e\u5143\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">Ethena<\/span><\/b><span dir=\"auto\">\u5360\u6709 2% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u7ea6 33.1 \u4ebf\u7f8e\u5143\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u76ee\u524d\uff0c\u7ea6\u6709 216.3 \u4ebf\u7f8e\u5143\uff08\u5360\u7a33\u5b9a\u5e01\u603b\u4f9b\u5e94\u91cf\u7684 13.2%\uff09\u6d41\u901a\u5728\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u3002\u5176\u4e2d\uff0c\u7ea6\u6709 48.38% \u5728\u4ee5\u592a\u574a\u4e0a\u6d41\u901a\uff0c35.95% \u5728\u5e01\u5b89\u667a\u80fd\u94fe\uff08BSC\uff09\u4e0a\u6d41\u901a\uff0c\u53e6\u6709 1%-3% \u5206\u5e03\u5728 Arbitrum\u3001Solana\u3001Base\u3001Avalanche \u548c Polygon \u7b49\u94fe\u4e0a\u3002<\/span><\/li>\n<\/ul>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u7a33\u5b9a\u5e01\u4ea4\u6613\u6240\u50a8\u5907\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/5983so5LaLHZgiT7G5d841\/155da19bd78b568c280b5e28b6ca8531\/6_Stablecoins_exchange_reserves.png?x-oss-process=image\/resize,w_1280,h_720\/format,webp\" alt=\"\u7a33\u5b9a\u5e01\u4ea4\u6613\u6240\u50a8\u5907\" width=\"1280\" height=\"720\" \/><\/button><\/div>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u7a33\u5b9a\u5e01\u8f6c\u8d26\u91cf\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/6KpKXcnq97lagmFbd3zymh\/577588605947596acde93a49b59248a9\/7_Stablecoin_transfer_volume.png?x-oss-process=image\/resize,w_1280,h_775\/format,webp\" alt=\"\u7a33\u5b9a\u5e01\u8f6c\u8d26\u91cf\" width=\"1280\" height=\"775\" \/><\/button><\/div>\n<p><b><span dir=\"auto\">\u5e02\u573a\u95ee\u9898\uff1a<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u4ef7\u503c\u5206\u914d\u4e0d\u5e73\u8861\uff1a<\/span><\/b><span dir=\"auto\">\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u5f80\u5f80\u5c06\u6536\u76ca\u79c1\u6709\u5316\uff0c\u540c\u65f6\u5c06\u6f5c\u5728\u635f\u5931\u793e\u4f1a\u5316\uff0c\u5bfc\u81f4\u5229\u76ca\u5206\u914d\u4e0d\u5747\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u7f3a\u4e4f\u900f\u660e\u5ea6\uff1a<\/span><\/b><span dir=\"auto\">\u50cf Tether \u548c Circle \u8fd9\u6837\u7684\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u5b58\u5728\u4e25\u91cd\u7684\u900f\u660e\u5ea6\u95ee\u9898\uff0c\u8feb\u4f7f\u7528\u6237\u627f\u62c5\u4e0d\u5fc5\u8981\u7684\u98ce\u9669\u3002\u4f8b\u5982\uff0c\u5728\u7845\u8c37\u94f6\u884c (SVB) \u7834\u4ea7\u671f\u95f4\uff0c\u5e02\u573a\u5bf9 Circle \u6216 Tether \u662f\u5426\u5bf9 SVB \u5b58\u5728\u4efb\u4f55\u8d22\u52a1\u98ce\u9669\u655e\u53e3\uff0c\u4ee5\u53ca\u5176\u50a8\u5907\u8d44\u91d1\u5b58\u653e\u5728\u4f55\u5904\u4e00\u65e0\u6240\u77e5\u3002\u540c\u6837\uff0cTether \u4e00\u76f4\u5c06\u90e8\u5206\u50a8\u5907\u7528\u4e8e\u501f\u8d37\u548c\u6295\u8d44\u6d3b\u52a8\u3002\u6839\u636e TBO \u7684\u5ba1\u8ba1\u62a5\u544a\uff0cTether \u7ea6 6.5% \u7684\u50a8\u5907\u5df2\u88ab\u501f\u51fa\uff0c\u7ea6 4% \u6295\u8d44\u4e8e\u8d35\u91d1\u5c5e\uff0c\u53e6\u6709 2.5% \u88ab\u5f52\u7c7b\u4e3a\u5176\u4ed6\u6295\u8d44\u3002\u8fd9\u79cd\u8fd0\u8425\u6a21\u5f0f\u4f7f Tether \u5bb9\u6613\u53d7\u5230\u94f6\u884c\u6324\u5151\u7684\u5f71\u54cd\uff0c\u6d41\u52a8\u6027\u6536\u7d27\u53ef\u80fd\u6784\u6210\u201c\u9ed1\u5929\u9e45\u201d\u4e8b\u4ef6\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u53bb\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u7684\u53ef\u6269\u5c55\u6027\u6709\u9650\uff1a<\/span><\/b><span dir=\"auto\">\u53bb\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u9762\u4e34\u53ef\u6269\u5c55\u6027\u6311\u6218\uff0c\u56e0\u4e3a\u5b83\u4eec\u901a\u5e38\u9700\u8981\u5927\u91cf\u8d44\u4ea7\u7684\u8d85\u989d\u62b5\u62bc\u3002\u968f\u7740\u5e02\u573a\u5bf9\u7a33\u5b9a\u5e01\u7684\u9700\u6c42\u4e0d\u65ad\u589e\u957f\uff0c\u4ec5\u4f9d\u9760\u5355\u4e00\u52a0\u5bc6\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u54c1\u53ef\u80fd\u65e0\u6cd5\u6ee1\u8db3\u9700\u6c42\u3002\u6b64\u5916\uff0c\u8bbe\u8ba1\u4e0d\u4f73\u7684\u7b97\u6cd5\u7a33\u5b9a\u5e01\u5c61\u5c61\u5931\u8d25\uff0c\u66b4\u9732\u51fa\u62b5\u62bc\u4e0d\u8db3\u548c\u673a\u5236\u4e0d\u7a33\u5b9a\u7684\u98ce\u9669\u3002<\/span><\/li>\n<\/ul>\n<p><b><span dir=\"auto\">\u5173\u952e\u4eba\u7269\uff1a<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">Ethena\uff1a<\/span><\/b><span dir=\"auto\">\u63d0\u4f9b\u76f8\u5bf9\u8f83\u9ad8\u7684\u5e74\u5229\u7387\uff0c\u9ad8\u8fbe 12.2%\uff0c\u76ee\u524d sUSDe \u603b\u9501\u5b9a\u4ef7\u503c (TVL) \u7ea6\u4e3a 17 \u4ebf\u7f8e\u5143\u3002\u81ea\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\u63a8\u51fa\u4ee5\u6765\uff0c\u5176\u5e02\u503c\u5df2\u589e\u957f 978%\u3002Ethena \u91c7\u7528 Delta Hedge \u7b56\u7565\uff0c\u8fd9\u5728\u725b\u5e02\u73af\u5883\u4e0b\u5c24\u5176\u5177\u6709\u5438\u5f15\u529b\u3002\u5f53\u591a\u5934\u4ed3\u4f4d\u5360\u4e3b\u5bfc\u5730\u4f4d\u65f6\uff0c\u878d\u8d44\u5229\u7387\u901a\u5e38\u5bf9\u7a7a\u5934\u6301\u4ed3\u8005\u6709\u5229\u3002\u8fd9\u4e00\u7b56\u7565\u4f7f Ethena \u4fdd\u6301\u7a33\u5b9a\uff0c\u540c\u65f6\u5438\u5f15\u90a3\u4e9b\u5e0c\u671b\u5bf9\u51b2\u5e02\u573a\u6ce2\u52a8\u5e76\u5728\u725b\u5e02\u671f\u95f4\u4ece\u6b63\u878d\u8d44\u5229\u7387\u4e2d\u83b7\u5229\u7684\u4ea4\u6613\u8005\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">Maker\uff08\u73b0\u4e3a Sky\uff09:<\/span><\/b><span dir=\"auto\">\u63d0\u4f9b 7.7% \u7684\u5e74\u5229\u7387\uff0c\u76ee\u524d sDAI \u7684\u603b\u9501\u5b9a\u4ef7\u503c (TVL) \u7ea6\u4e3a 13 \u4ebf\u7f8e\u5143\u3002\u8d85\u8fc7 20 \u4ebf\u7f8e\u5143\u7684 DAI \u5b58\u653e\u5728 DSR \u4e2d\uff0c\u5360\u6240\u6709\u6d41\u901a DAI \u7684 38%\u3002\u81ea\u521b\u59cb\u4eba Rune \u4e8e 2024 \u5e74 8 \u6708\u5ba3\u5e03\u5229\u7387\u9ad8\u8fbe 8% \u4ee5\u6765\uff0c\u5b58\u6b3e\u589e\u957f\u4e86 197%\uff0c\u5e02\u503c\u7a33\u5b9a\u5728 50 \u4ebf\u7f8e\u5143\u4ee5\u4e0a\u3002\u62b5\u62bc\u54c1\u7684\u603b\u9501\u5b9a\u4ef7\u503c (TVL) \u4e3a 77.4 \u4ebf\u7f8e\u5143\uff0c\u62b5\u62bc\u7387\u4e3a 147%\u3002Maker \u5df2\u5c06\u7f8e\u56fd\u56fd\u503a\u7eb3\u5165\u5176\u6295\u8d44\u7ec4\u5408\uff0c\u4ee5\u591a\u5143\u5316\u6536\u5165\u6765\u6e90\u5e76\u589e\u5f3a\u6536\u5165\u7a33\u5b9a\u6027\u3002\u5b83\u8fd8\u6574\u5408\u4e86\u8d28\u62bc ETH (stETH) \u4f5c\u4e3a\u94f8\u9020 DAI \u7684\u62b5\u62bc\u54c1\uff0c\u5e76\u53d6\u6d88\u4e86 15% \u7684\u7f5a\u6ca1\u60e9\u7f5a\uff0c\u4ece\u800c\u63d0\u9ad8\u4e86\u7a33\u5b9a\u6027\uff0c\u5e76\u4f7f\u6301\u6709\u8005\u7684\u5229\u76ca\u4e0e\u751f\u6001\u7cfb\u7edf\u7684\u53ef\u6301\u7eed\u6027\u4fdd\u6301\u4e00\u81f4\u3002<\/span><\/li>\n<\/ul>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"DeFi \u50a8\u84c4 APY\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/5BMMmhqU99N7oq6C6Nk7d4\/58a31707fa65e151016c496de2e792df\/8_DeFi_savings_APY.png?x-oss-process=image\/resize,w_1280,h_560\/format,webp\" alt=\"DeFi \u50a8\u84c4 APY\" width=\"1280\" height=\"560\" \/><\/button><\/p>\n<div class=\"index_imageCaption__H-TcN\"><span dir=\"auto\">\u6765\u6e90\uff1aDune \/ @stablescarab<\/span><\/div>\n<\/div>\n<p><b><span dir=\"auto\">\u4e3b\u8981\u7a33\u5b9a\u5e01\u6982\u89c8<\/span><\/b><\/p>\n<p><b><span dir=\"auto\">\u524d\u666f\uff1a<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">DAI<\/span><\/b><span dir=\"auto\">\uff1aDAI \u7684\u589e\u957f\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5f97\u76ca\u4e8e Curve \u6301\u6709\u8005\u5411 3pool \u652f\u4ed8\u7684\u5de8\u989d\u8865\u8d34\uff0c\u8fd9\u4e3a\u5176\u6784\u5efa\u4e86\u5f3a\u5927\u7684\u62a4\u57ce\u6cb3\u3002\u7136\u800c\uff0c\u968f\u7740 Maker \u5411\u66f4\u52a0\u4e2d\u5fc3\u5316\u7684 Sky \u751f\u6001\u7cfb\u7edf\u8f6c\u578b\uff0c\u8fd9\u79cd\u201c\u52a1\u5b9e\u201d\u7684\u7b56\u7565\u5728\u793e\u533a\u5185\u5f15\u53d1\u4e86\u5e7f\u6cdb\u4e89\u8bae\u3002\u8bb8\u591a\u4eba\u62c5\u5fc3\uff0c\u8f6c\u5411 USDS \u53ef\u80fd\u4f1a\u5bfc\u81f4 Maker \u5931\u53bb\u5176\u539f\u6709\u7684\u53bb\u4e2d\u5fc3\u5316\u4f18\u52bf\uff0c\u4ece\u800c\u5bfc\u81f4\u5176\u5e02\u573a\u4efd\u989d\u88ab\u66f4\u53ef\u9760\u7684\u66ff\u4ee3\u65b9\u6848\u8695\u98df\u3002Maker \u80fd\u5426\u901a\u8fc7\u5c06\u7f8e\u56fd\u56fd\u503a\u4e0e subDAO \u6a21\u578b\u76f8\u7ed3\u5408\uff0c\u5b9e\u73b0\u5176\u5feb\u901f\u6269\u5c55 Sky \u751f\u6001\u7cfb\u7edf\u7684\u613f\u666f\uff0c\u4ecd\u6709\u5f85\u89c2\u5bdf\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">Liquity<\/span><\/b><span dir=\"auto\">\uff1a\u76f8\u6bd4\u4e4b\u4e0b\uff0cLiquity \u8d70\u4e0a\u4e86\u4e00\u6761\u5b8c\u5168\u4e0d\u540c\u7684\u9053\u8def\u3002\u5176 v2 \u7248\u672c\u7684 $BOLD \u7a33\u5b9a\u5e01\u5b8c\u5168\u7531 ETH\uff08\u548c LST\uff09\u652f\u6301\uff0c\u662f\u4e00\u6b3e\u5b8c\u5168\u4ee5\u592a\u574a\u539f\u751f\u7684\u7a33\u5b9a\u5e01\uff0c\u57fa\u4e8e\u5176\u73b0\u6709\u673a\u5236\uff0c\u5f88\u53ef\u80fd\u5438\u5f15\u5927\u91cf\u62b5\u62bc\u54c1\u3002Liquity \u5bf9\u6700\u5927\u7a0b\u5ea6\u53bb\u4e2d\u5fc3\u5316\u548c\u5f39\u6027 CDP \u7684\u627f\u8bfa\u662f\u5426\u4f1a\u4f7f\u5176\u6210\u4e3a\u4e00\u4e2a\u5229\u57fa\u5e02\u573a\u4ea7\u54c1\uff0c\u6211\u4eec\u62ed\u76ee\u4ee5\u5f85\uff0c\u56e0\u4e3a\u7528\u6237\u6700\u7ec8\u4f1a\u7528\u94b1\u5305\u6295\u7968\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u7a33\u5b9a\u5e01\u4e0e\u4f4e\u6ce2\u52a8\u6027\u8d44\u4ea7<\/span><\/b><span dir=\"auto\">\uff1a\u4f4e\u6ce2\u52a8\u6027\u8d44\u4ea7\u5728\u7a33\u5b9a\u5e01\u9886\u57df\u7684\u65e5\u76ca\u666e\u53ca\u503c\u5f97\u5173\u6ce8\u3002\u7ecf\u8fc7\u4e0a\u4e00\u8f6e\u5468\u671f\uff0c\u5e02\u573a\u5728\u63a7\u5236\u52a0\u5bc6\u91d1\u878d\u8d44\u4ea7\u7684\u5e95\u5c42\u98ce\u9669\u65b9\u9762\u66f4\u52a0\u4fdd\u5b88\u548c\u4e25\u683c\uff0c\u5c24\u5176\u662f\u5728\u62b5\u62bc\u54c1\u7684\u9009\u62e9\u548c\u8d27\u5e01\u53d1\u884c\u7684\u98ce\u63a7\u63aa\u65bd\u65b9\u9762\u3002\u4ee5\u9ad8\u6ce2\u52a8\u6027\u5185\u751f\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u54c1\u7684\u9879\u76ee\uff0c\u4f8b\u5982\u4ee5LUNA\u4e3a\u4ee3\u8868\u7684\u9ad8\u98ce\u9669\u7b97\u6cd5\u7a33\u5b9a\u5e01\uff0c\u5df2\u57fa\u672c\u6d88\u5931\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u7531\u4e8e\u4e1a\u52a1\u7ebf\u6e05\u6670\u76f4\u63a5\uff0c\u76d1\u7ba1\u6210\u672c\u66f4\u53ef\u63a7\u4e14\u4e00\u81f4\u3002\u5927\u578b\u91d1\u878d\u516c\u53f8\u5f00\u59cb\u7784\u51c6\u5229\u6da6\u76f8\u5bf9\u4e30\u539a\u4e14\u6613\u4e8e\u83b7\u53d6\u7684\u7a33\u5b9a\u5e01\u4e1a\u52a1\u3002PayPal \u7684 PYUSD \u53d1\u884c\u91cf\u5df2\u8fbe 10 \u4ebf\uff0c\u81ea 2024 \u5e74 5 \u6708 29 \u65e5\u5ba3\u5e03\u767b\u9646 Solana \u4ee5\u6765\uff0c\u5176\u5e02\u503c\u589e\u957f\u4e86 155%\uff0cPYUSD \u5728 Solana \u533a\u5757\u94fe\u4e0a\u7684\u4f9b\u5e94\u91cf\u589e\u957f\u4e86\u8fd1 4685%\u3002\u540c\u6837\uff0c\u4eac\u4e1c\u8ba1\u5212\u63a8\u51fa\u7684\u4e0e\u6e2f\u5143\u6302\u94a9\u7684\u7a33\u5b9a\u5e01\uff0c\u4e5f\u662f\u4e3a\u4e86\u62a2\u5360\u8fd9\u4e00\u5e02\u573a\u4efd\u989d\uff0c\u540c\u65f6\u5728\u6570\u5b57\u91d1\u878d\u9886\u57df\u5bfb\u6c42\u65b0\u7684\u589e\u957f\u673a\u4f1a\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u8be5\u884c\u4e1a\u4ecd\u5728\u7b49\u5f85\u66f4\u591a\u7acb\u6cd5\u6307\u5bfc\uff0c\u5c24\u5176\u662f\u5728\u50a8\u5907\u62a5\u544a\u548c\u6d41\u52a8\u6027\u8981\u6c42\u65b9\u9762\u3002Circle \u4e00\u76f4\u5f3a\u8c03\u900f\u660e\u5ea6\uff0c\u5e76\u5df2\u5c06\u5ba1\u8ba1\u673a\u6784\u4ece Grant Thornton \u6539\u4e3a Deloitte\uff0c\u4ee5\u589e\u5f3a\u5bf9\u5176\u50a8\u5907\u7684\u4fe1\u5fc3\u3002Tether \u7684\u900f\u660e\u5ea6\u95ee\u9898\u957f\u671f\u4ee5\u6765\u4e00\u76f4\u5907\u53d7\u4e89\u8bae\u3002\u5c3d\u7ba1 Tether \u58f0\u79f0\u6240\u6709 USDT \u90fd\u7531\u7b49\u503c\u7684\u6cd5\u5e01\u50a8\u5907\u652f\u6301\uff0c\u4f46\u5176\u50a8\u5907\u7684\u5177\u4f53\u7ec6\u8282\u548c\u72ec\u7acb\u5ba1\u8ba1\u4e00\u76f4\u7f3a\u4e4f\u900f\u660e\u5ea6\u30022024 \u5e74\uff0c\u7f8e\u56fd\u76d1\u7ba1\u673a\u6784\u6b63\u5728\u63a8\u52a8\u63d0\u9ad8\u900f\u660e\u5ea6\u548c\u5408\u89c4\u6027\u8981\u6c42\uff0c\u9884\u8ba1 Tether \u4e5f\u5c06\u53d7\u5230\u8fd9\u4e9b\u8981\u6c42\u7684\u7ea6\u675f\u3002<\/span><\/li>\n<\/ul>\n<h3><span dir=\"auto\">2.\u79c1\u4eba\u4fe1\u8d37<\/span><\/h3>\n<p><span dir=\"auto\">\u5728\u4f20\u7edf\u91d1\u878d\u9886\u57df\uff0c\u79c1\u4eba\u4fe1\u8d37\u4ee3\u8868\u7740\u4e00\u4e2a\u89c4\u6a21\u9ad8\u8fbe 1.5 \u4e07\u4ebf\u7f8e\u5143\u7684\u5e9e\u5927\u5e02\u573a\u3002\u52a0\u5bc6\u4fe1\u8d37\u534f\u8bae\u5df2\u5c06\u8d85\u8fc7 130 \u4ebf\u7f8e\u5143\u7684\u8d37\u6b3e\u4ee3\u5e01\u5316\uff0c\u76ee\u524d\u5df2\u6709\u8d85\u8fc7 80 \u4ebf\u7f8e\u5143\u8d37\u6b3e\u7ed9\u5b9e\u4f53\u4f01\u4e1a\uff0c\u4e3a\u94fe\u4e0a\u501f\u8d37\u673a\u6784\u521b\u9020\u4e86\u56de\u62a5\u3002\u5bf9\u4e8e\u94fe\u4e0a\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u79c1\u4eba\u4fe1\u8d37\u56e0\u5176\u66f4\u9ad8\u7684\u6536\u76ca\u6f5c\u529b\u800c\u9887\u5177\u5438\u5f15\u529b\u3002\u4f8b\u5982\uff0c\u901a\u8fc7 Centrifuge \u7b49\u534f\u8bae\u501f\u51fa\u7a33\u5b9a\u5e01\uff0c\u5e73\u5747\u5e74\u5316\u6536\u76ca\u7387\u53ef\u8fbe 8.7%\uff0c\u9ad8\u4e8e AAVE \u7b49\u5e73\u53f0 4-5% \u7684\u6536\u76ca\u7387\uff0c\u4f46\u98ce\u9669\u4e5f\u968f\u4e4b\u589e\u52a0\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"RWA \u6570\u636e\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/3JdeaGi8vemawcNeIsiPKs\/5d76fdcccc8801dd4eb50c50f7e4af44\/9_RWA_data.png?x-oss-process=image\/resize,w_1280,h_748\/format,webp\" alt=\"RWA \u6570\u636e\" width=\"1280\" height=\"748\" \/><\/button><\/div>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"RWA \u534f\u8bae\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/6jdyrSSeARQ14HjZWOhBhY\/9a1679f203f811b2cde50acd08b33e9d\/10_RWA_protocols.png?x-oss-process=image\/resize,w_1280,h_551\/format,webp\" alt=\"RWA \u534f\u8bae\" width=\"1280\" height=\"551\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u5728\u6574\u4e2a\u8d37\u6b3e\u7ec4\u5408\u4e2d\uff0c\u6d88\u8d39\u8d37\u6b3e\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\uff0c\u8fbe2.184\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u51fa\u6574\u4f53\u8d37\u6b3e\u5e02\u573a\u7684\u5f3a\u52b2\u9700\u6c42\u3002\u6c7d\u8f66\u8d37\u6b3e\u7d27\u968f\u5176\u540e\uff0c\u8fbe2.067\u4ebf\u7f8e\u5143\u3002\u91d1\u878d\u79d1\u6280\u884c\u4e1a\u7684\u8d37\u6b3e\u989d\u4e3a8760\u4e07\u7f8e\u5143\uff0c\u5c3d\u7ba1\u5360\u6bd4\u76f8\u5bf9\u8f83\u5c0f\uff0c\u4f46\u589e\u957f\u8fc5\u901f\uff0c\u4f53\u73b0\u4e86\u79d1\u6280\u521b\u65b0\u5bf9\u91d1\u878d\u5e02\u573a\u7684\u5f71\u54cd\u3002\u623f\u5730\u4ea7\u8d37\u6b3e\u2014\u2014\u5305\u62ec\u4f4f\u5b85\u548c\u5546\u4e1a\u5730\u4ea7\u878d\u8d44\uff085070\u4e07\u7f8e\u5143\uff09\u4ee5\u53ca\u78b3\u9879\u76ee\u878d\u8d44\uff083730\u4e07\u7f8e\u5143\uff09\u2014\u2014\u867d\u7136\u5360\u6bd4\u8f83\u5c0f\uff0c\u4f46\u4e5f\u5728\u5404\u81ea\u7684\u9886\u57df\u4e2d\u53d1\u6325\u7740\u91cd\u8981\u4f5c\u7528\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u94fe\u4e0a\u4fe1\u8d37\u53d1\u884c\u548c\u5206\u914d\u7684\u4f18\u52bf\u6700\u663e\u8457\u4f53\u73b0\u5728\u663e\u8457\u964d\u4f4e\u8d44\u672c\u6210\u672c\u3002\u8fd0\u8425\u6548\u7387\u66f4\u9ad8\u7684\u673a\u6784 DeFi \u57fa\u7840\u8bbe\u65bd\u53ef\u4ee5\u5927\u5e45\u8282\u7701\u8d44\u672c\u6210\u672c\uff0c\u5e76\u4e3a\u73b0\u6709\u548c\u65b0\u5174\u7684\u79c1\u4eba\u4fe1\u8d37\u4ea7\u54c1\u63d0\u4f9b\u65b0\u7684\u5206\u9500\u6e20\u9053\u3002\u5728\u94f6\u884c\u76d1\u7ba1\u6536\u7d27\u7684\u63a8\u52a8\u4e0b\uff0c\u8fd9\u6b63\u5728\u4f20\u7edf\u91d1\u878d\u9886\u57df\u5f00\u8f9f\u51fa\u4e00\u4e2a\u91cd\u8981\u7684\u5229\u57fa\u5e02\u573a\u3002\u8fd9\u79cd\u5411\u975e\u94f6\u884c\u8d37\u6b3e\u7684\u8f6c\u53d8\u4e3a\u79c1\u4eba\u4fe1\u8d37\u57fa\u91d1\u548c\u5176\u4ed6\u975e\u94f6\u884c\u8d37\u6b3e\u673a\u6784\u63d0\u4f9b\u4e86\u5b9d\u8d35\u7684\u673a\u4f1a\uff0c\u5438\u5f15\u4e86\u5bfb\u6c42\u66f4\u5e73\u7a33\u3001\u66f4\u9ad8\u56de\u62a5\u7684\u517b\u8001\u91d1\u8ba1\u5212\u548c\u6350\u8d60\u57fa\u91d1\u7684\u5174\u8da3\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4f5c\u4e3a\u53e6\u7c7b\u8d44\u4ea7\u7684\u4e00\u90e8\u5206\uff0c\u79c1\u4eba\u4fe1\u8d37\u5728\u8fc7\u53bb\u5341\u5e74\u4e2d\u5927\u5e45\u589e\u957f\uff0c\u867d\u7136\u5176\u76ee\u524d\u5728\u5168\u7403\u503a\u52a1\u5e02\u573a\u7684\u4efd\u989d\u4ecd\u7136\u76f8\u5bf9\u8f83\u5c0f\uff0c\u4f46\u5b83\u4ee3\u8868\u7740\u4e00\u4e2a\u5feb\u901f\u6269\u5f20\u7684\u5e02\u573a\uff0c\u5177\u6709\u5de8\u5927\u7684\u589e\u957f\u6f5c\u529b\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u79c1\u4eba\u4fe1\u8d37\u7684\u9ec4\u91d1\u673a\u4f1a\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/2oulUbxQeRmmT6rKQvYTxS\/4e9ca9b2b2f29a98481defd89b7bbee4\/11_Golden_opportunity_in_private_credit_.png?x-oss-process=image\/resize,w_1280,h_739\/format,webp\" alt=\"\u79c1\u4eba\u4fe1\u8d37\u7684\u9ec4\u91d1\u673a\u4f1a\" width=\"1280\" height=\"739\" \/><\/button><\/div>\n<p><b><span dir=\"auto\">\u9700\u6c42\u903b\u8f91<\/span><\/b><\/p>\n<p><b><span dir=\"auto\">\u878d\u8d44\u9700\u6c42<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/p>\n<ol>\n<li><b><span dir=\"auto\">\u4f01\u4e1a<\/span><\/b><span dir=\"auto\">\uff1a\u8bb8\u591a\u4f01\u4e1a\uff0c\u5c24\u5176\u662f\u4e2d\u5c0f\u578b\u4f01\u4e1a (SME)\uff0c\u9700\u8981\u4f4e\u6210\u672c\u878d\u8d44\u6765\u652f\u6301\u8fd0\u8425\u3001\u6269\u5f20\u6216\u77ed\u671f\u73b0\u91d1\u6d41\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u878d\u8d44\u56f0\u96be<\/span><\/b><span dir=\"auto\">\uff1a\u4f20\u7edf\u91d1\u878d\u673a\u6784\u7684\u8d37\u6b3e\u6d41\u7a0b\u590d\u6742\u4e14\u5197\u957f\uff0c\u4f01\u4e1a\u96be\u4ee5\u5feb\u901f\u83b7\u5f97\u6240\u9700\u8d44\u91d1\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4ee3\u5e01\u5316\u4fe1\u8d37\u534f\u8bae<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/li>\n<li><b><span dir=\"auto\">\u4ee3\u5e01\u5316<\/span><\/b><span dir=\"auto\">\uff1a\u901a\u8fc7\u5c06\u4fe1\u8d37\u534f\u8bae\u4ee3\u5e01\u5316\uff0c\u91d1\u878d\u673a\u6784\u53ef\u4ee5\u5c06\u503a\u52a1\u5de5\u5177\u8f6c\u6362\u4e3a\u53ef\u4ee5\u5728\u94fe\u4e0a\u4ea4\u6613\u7684\u4ee3\u5e01\uff0c\u4ee3\u8868\u8d37\u6b3e\u6216\u5e94\u6536\u6b3e\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u7b80\u5316\u6d41\u7a0b<\/span><\/b><span dir=\"auto\">\uff1a\u6807\u8bb0\u5316\u7b80\u5316\u4e86\u878d\u8d44\u6d41\u7a0b\uff0c\u4f7f\u4f01\u4e1a\u80fd\u591f\u66f4\u5feb\u3001\u66f4\u6709\u6548\u5730\u83b7\u53d6\u8d44\u91d1\u3002<\/span><\/li>\n<\/ol>\n<p><b><span dir=\"auto\">\u8d37\u6b3e\u4eba\u903b\u8f91<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u673a\u4f1a<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/li>\n<li><b><span dir=\"auto\">\u9ad8\u6536\u76ca<\/span><\/b><span dir=\"auto\">\uff1a\u4e0e\u4f20\u7edf\u503a\u52a1\u5de5\u5177\u76f8\u6bd4\uff0c\u6295\u8d44\u79c1\u4eba\u4fe1\u8d37\u901a\u5e38\u80fd\u63d0\u4f9b\u66f4\u9ad8\u7684\u6536\u76ca\uff0c\u56e0\u4e3a\u4f01\u4e1a\u613f\u610f\u4e3a\u5feb\u901f\u878d\u8d44\u652f\u4ed8\u66f4\u9ad8\u7684\u5229\u7387\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u591a\u5143\u5316\u6295\u8d44\u7ec4\u5408<\/span><\/b><span dir=\"auto\">\uff1a\u79c1\u4eba\u4fe1\u8d37\u63d0\u4f9b\u591a\u5143\u5316\u673a\u4f1a\uff0c\u5206\u6563\u98ce\u9669\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u98ce\u9669\u4e0e\u6311\u6218<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/li>\n<li><b><span dir=\"auto\">\u7406\u89e3\u590d\u6742<\/span><\/b><span dir=\"auto\">\uff1a\u7528\u6237\u53ef\u80fd\u96be\u4ee5\u7406\u89e3\u79c1\u4eba\u4fe1\u7528\u673a\u5236\uff0c\u5c24\u5176\u662f\u6d89\u53ca\u94fe\u4e0b\u8d44\u4ea7\u65f6\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u8fdd\u7ea6\u98ce\u9669<\/span><\/b><span dir=\"auto\">\uff1a\u4eba\u4eec\u62c5\u5fc3\u501f\u6b3e\u4eba\u53ef\u80fd\u4f1a\u8fdd\u7ea6\uff0c\u7279\u522b\u662f\u5982\u679c\u94fe\u4e0b\u8d44\u4ea7\u5ba1\u8ba1\u7f3a\u4e4f\u900f\u660e\u5ea6\uff0c\u5982\u679c\u501f\u6b3e\u4eba\u5728\u591a\u4e2a\u5e73\u53f0\u4e0a\u4f7f\u7528\u76f8\u540c\u7684\u5e94\u6536\u8d26\u6b3e\u4f5c\u4e3a\u62b5\u62bc\u54c1\uff0c\u5219\u8fdd\u7ea6\u7684\u98ce\u9669\u4f1a\u589e\u52a0\u3002<\/span><\/li>\n<\/ul>\n<p><b><span dir=\"auto\">\u5173\u952e\u4eba\u7269\uff1a<\/span><\/b><\/p>\n<ol>\n<li><b><span dir=\"auto\">Maple Finance<\/span><\/b><span dir=\"auto\">\uff1a\u63d0\u4f9b\u94fe\u4e0a\u79c1\u52df\u4fe1\u8d37\uff0c\u901a\u8fc7\u4ee3\u5e01\u5316\u4fe1\u8d37\u534f\u8bae\u4e3a\u4f01\u4e1a\u63d0\u4f9b\u5feb\u901f\u878d\u8d44\uff0c\u540c\u65f6\u4e3a\u8d37\u6b3e\u673a\u6784\u63d0\u4f9b\u9ad8\u6536\u76ca\u6295\u8d44\u673a\u4f1a\u3002\u7c7b\u4f3c\u6a21\u5f0f\u5305\u62ec TrueFi\uff08\u4e0e Maple \u7c7b\u4f3c\uff0c\u4e5f\u63d0\u4f9b\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\uff09\u548c Goldfinch\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">Centrifuge<\/span><\/b><span dir=\"auto\">\uff1a\u4e00\u4e2a\u5c06\u5e94\u6536\u8d26\u6b3e\u548c\u5176\u4ed6\u503a\u52a1\u5de5\u5177\u4ee3\u5e01\u5316\u7684\u64ae\u5408\u5e73\u53f0\uff0c\u901a\u8fc7\u94fe\u4e0a\u5e02\u573a\u8fde\u63a5\u8d37\u6b3e\u65b9\u548c\u501f\u6b3e\u4f01\u4e1a\u3002\u8fd9\u7b80\u5316\u4e86\u878d\u8d44\u6d41\u7a0b\uff0c\u964d\u4f4e\u4e86\u6210\u672c\uff0c\u5e76\u6ee1\u8db3\u4e86\u4e2d\u5c0f\u4f01\u4e1a\u7684\u4fe1\u8d37\u9700\u6c42\u3002<\/span><\/li>\n<\/ol>\n<p><b><span dir=\"auto\">\u94fe\u4e0a\u4f9b\u5e94\u94fe\u91d1\u878d\u7684\u7528\u4f8b\uff1a<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u901a\u8fc7\u667a\u80fd\u5408\u7ea6\u81ea\u52a8\u4ed8\u6b3e<\/span><\/b><span dir=\"auto\">\uff1a\u667a\u80fd\u5408\u7ea6\u53ef\u4ee5\u5728\u6ee1\u8db3\u9884\u5b9a\u4e49\u6761\u4ef6\u540e\u81ea\u52a8\u5411\u4f9b\u5e94\u5546\u4ed8\u6b3e\u3002\u667a\u80fd\u5408\u7ea6\u53ef\u4ee5\u8bbe\u7f6e\u5e76\u81ea\u52a8\u89e6\u53d1\u660e\u786e\u7684\u8fdd\u7ea6\u5904\u7406\u673a\u5236\uff0c\u4ee5\u4fdd\u969c\u7528\u6237\u5229\u76ca\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u6807\u8bb0\u5316\u53d1\u7968<\/span><\/b><span dir=\"auto\">\uff1a\u53d1\u7968\u53ef\u4ee5\u6807\u8bb0\u5316\u4ee5\u4fc3\u8fdb\u4ea4\u6613\uff0c\u4e3a\u4f9b\u5e94\u5546\u63d0\u4f9b\u6d41\u52a8\u6027\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u900f\u660e\u5ba1\u8ba1<\/span><\/b><span dir=\"auto\">\uff1a\u533a\u5757\u94fe\u63d0\u4f9b\u4e0d\u53ef\u7be1\u6539\u7684\u8d26\u672c\uff0c\u7b80\u5316\u4e86\u5ba1\u8ba1\u548c\u5c3d\u804c\u8c03\u67e5\u3002\u7136\u800c\uff0c\u72ec\u7acb\u7684\u7b2c\u4e09\u65b9\u5ba1\u8ba1\u516c\u53f8\u4ecd\u7136\u5fc5\u987b\u5bf9\u94fe\u4e0b\u8d44\u4ea7\u8fdb\u884c\u4e25\u683c\u7684\u5ba1\u8ba1\uff0c\u4ee5\u786e\u4fdd\u5176\u771f\u5b9e\u6027\u548c\u552f\u4e00\u6027\uff0c\u4ece\u800c\u964d\u4f4e\u8de8\u5e73\u53f0\u501f\u8d37\u7684\u98ce\u9669\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u98ce\u9669\u8bc4\u4f30<\/span><\/b><span dir=\"auto\">\uff1a\u5f15\u5165\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u4fe1\u7528\u8bc4\u5206\u7cfb\u7edf\uff0c\u53ef\u4ee5\u5bf9\u501f\u8d37\u4f01\u4e1a\u8fdb\u884c\u98ce\u9669\u8bc4\u4f30\uff0c\u5e2e\u52a9\u7528\u6237\u505a\u51fa\u66f4\u660e\u667a\u7684\u51b3\u7b56\u3002<\/span><\/li>\n<\/ul>\n<p><b><span dir=\"auto\">Onchain Solutions \u89e3\u51b3\u7684\u95ee\u9898<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u4ea4\u6613\u7f13\u6162\u4e14\u4e0d\u900f\u660e<\/span><\/b><span dir=\"auto\">\uff1a\u533a\u5757\u94fe\u63d0\u9ad8\u4e86\u4f9b\u5e94\u94fe\u91d1\u878d\u7684\u900f\u660e\u5ea6\u5e76\u52a0\u5feb\u4e86\u4ea4\u6613\u901f\u5ea6\uff0c\u4f7f\u6240\u6709\u53c2\u4e0e\u8005\u53d7\u76ca\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4ea4\u6613\u6210\u672c\u9ad8<\/span><\/b><span dir=\"auto\">\uff1a\u667a\u80fd\u5408\u7ea6\u53ef\u4ee5\u5b9e\u73b0\u4f9b\u5e94\u94fe\u91d1\u878d\u4e2d\u5f88\u591a\u6d41\u7a0b\u7684\u81ea\u52a8\u5316\uff0c\u51cf\u5c11\u6587\u4e66\u5de5\u4f5c\u548c\u4e2d\u4ecb\u673a\u6784\uff0c\u4ece\u800c\u964d\u4f4e\u6210\u672c\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4fe1\u8d37\u6e20\u9053<\/span><\/b><span dir=\"auto\">\uff1aDeFi \u53ef\u4ee5\u4e3a\u4f20\u7edf\u4e0a\u8bae\u4ef7\u80fd\u529b\u8f83\u5f31\u7684\u4e2d\u5c0f\u4f01\u4e1a\uff08SME\uff09\u63d0\u4f9b\u66f4\u6c11\u4e3b\u7684\u878d\u8d44\u6e20\u9053\u3002<\/span><\/li>\n<\/ul>\n<h3><span dir=\"auto\">3. \u56fd\u503a<\/span><\/h3>\n<p><span dir=\"auto\">\u4ee3\u5e01\u5316\u653f\u5e9c\u503a\u52a1\u5de5\u5177\u7684\u91c7\u7528\uff0c\u662f\u7531\u4e8eDeFi\u6536\u76ca\u673a\u4f1a\u51cf\u5c11\uff08\u7531\u4e8e\u5bf9\u94fe\u4e0a\u6760\u6746\u7684\u9700\u6c42\u4e0b\u964d\uff09\uff0c\u4ee5\u53ca\u53d7\u76ca\u4e8e\u7f8e\u56fd\u8d27\u5e01\u653f\u7b56\u6536\u7d27\uff0c\u9700\u6c42\u8f6c\u5411\u77ed\u671f\u73b0\u91d1\u7b49\u4ef7\u5de5\u5177\u3002\u5229\u7387\u4e0a\u5347\u4f7f\u653f\u5e9c\u503a\u5238\u6210\u4e3a\u5bfb\u6c42\u591a\u5143\u5316\u6295\u8d44\u7684\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u8005\u7684\u8bf1\u4eba\u9009\u62e9\u3002\u4f4e\u94f6\u884c\u5b58\u6b3e\u5229\u7387\u548c\u672a\u5b9e\u73b0\u8d44\u4ea7\u635f\u5931\u655e\u53e3\u63a8\u52a8\u5927\u91cf\u94fe\u4e0b\u94f6\u884c\u5b58\u6b3e\u6d41\u5165\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff0c\u8fdb\u4e00\u6b65\u8bc1\u660e\u4e86\u8fd9\u4e00\u8d8b\u52bf\u3002\u673a\u6784DeFi\u57fa\u7840\u8bbe\u65bd\u7684\u51fa\u73b0\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63a8\u52a8\u5168\u7403\u5bf9\u5b89\u5168\u3001\u521b\u6536\u4e14\u6d41\u52a8\u6027\u5f3a\u7684\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u9700\u6c42\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\u66f2\u7ebf\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/3zD6CuykO9vNwXts7kLnRH\/7295195031233a5c86bf7125c0d9df4b\/12_US_treasuries_yield_curve.png?x-oss-process=image\/resize,w_1280,h_876\/format,webp\" alt=\"\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\u66f2\u7ebf\" width=\"1280\" height=\"876\" \/><\/button><\/p>\n<div class=\"index_imageCaption__H-TcN\"><span dir=\"auto\">\u8d44\u6599\u6765\u6e90\uff1aETF Trends<\/span><\/div>\n<\/div>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"13 \u56fd\u503a\u56fe\u8868 2\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/2s5SfW7UilEE7hDyWnkFwB\/05f8e97e62bfa9912d06f39882c57ee8\/13_Treasuries_chart_2.png?x-oss-process=image\/resize,w_1280,h_741\/format,webp\" alt=\"13 \u56fd\u503a\u56fe\u8868 2\" width=\"1280\" height=\"741\" \/><\/button><\/div>\n<p><b><span dir=\"auto\">\u4e3a\u4ec0\u4e48\u9009\u62e9\u7f8e\u56fd\u56fd\u5e93\u5238<\/span><\/b><\/p>\n<p><span dir=\"auto\">\u77ed\u671f\u7f8e\u56fd\u56fd\u503a\u7684\u6536\u76ca\u7387\u901a\u5e38\u9ad8\u4e8e AAA \u516c\u53f8\u503a\u5238\u548c DeFi \u7a33\u5b9a\u5e01\u5b58\u6b3e\uff0c\u8fd9\u4f7f\u5f97\u4ee3\u5e01\u5316\u56fd\u5e93\u5238\u6781\u5177\u5438\u5f15\u529b\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u7f8e\u56fd\u56fd\u503a\u5229\u7387\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/5lRjbhWwKC2EL0JTKW1GfV\/d69a23ea4fdae4e417bfa348b74825a0\/14_US_Treasury_bond_rates.png?x-oss-process=image\/resize,w_734,h_394\/format,webp\" alt=\"\u7f8e\u56fd\u56fd\u503a\u5229\u7387\" width=\"734\" height=\"394\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u7f8e\u8054\u50a8\u8d27\u5e01\u653f\u7b56\u7684\u91cd\u5927\u8f6c\u53d8\u5df2\u5c06\u57fa\u51c6\u5229\u7387\u63d0\u5347\u81f32007\u5e74\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff085.33\uff09\u3002\u8fd9\u4e3a\u5bfb\u6c42\u66f4\u9ad8\u52a0\u5bc6\u8d44\u4ea7\u6536\u76ca\u7684\u539f\u751fDeFi\u7528\u6237\u5e26\u6765\u4e86\u5bf9\u67d0\u4e9b\u7c7b\u578b\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u65b0\u9700\u6c42\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u8054\u90a6\u57fa\u91d1\u6709\u6548\u5229\u7387\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/XA23HyTQ3lj5k7gQRQgc2\/efe4a3c11b5d0cc21394c2d7ff323c49\/15_Federal_Funds_effective_rate.png?x-oss-process=image\/resize,w_936,h_372\/format,webp\" alt=\"\u8054\u90a6\u57fa\u91d1\u6709\u6548\u5229\u7387\" width=\"936\" height=\"372\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u7f8e\u56fd\u56fd\u503a\u662f\u653f\u5e9c\u652f\u6301\u7684\u503a\u52a1\u8bc1\u5238\uff0c\u88ab\u5e7f\u6cdb\u8ba4\u4e3a\u662f\u4e00\u79cd\u76f8\u5bf9\u5b89\u5168\u53ef\u9760\u7684\u521b\u6536\u8d44\u4ea7\uff0c\u5176\u4e3b\u8981\u98ce\u9669\u4ec5\u4e3a\u7f8e\u56fd\u653f\u5e9c\u8fdd\u7ea6\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u516c\u53f8\u503a\u5238\u662f\u7531\u516c\u53f8\u53d1\u884c\u7684\u503a\u52a1\u8bc1\u5238\uff0c\u5176\u6536\u76ca\u7387\u53ef\u80fd\u9ad8\u4e8e\u56fd\u503a\uff0c\u4f46\u98ce\u9669\u4e5f\u66f4\u5927\u3002\u5168\u7403\u503a\u5238\u5e02\u573a\u89c4\u6a21\u5df2\u6269\u5927\u81f3\u7ea6140.7\u4e07\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f5.9%\uff0c\u8868\u660e\u5168\u7403\u56fa\u5b9a\u6536\u76ca\u5e02\u573a\u5927\u5e45\u589e\u957f\u3002\u4ec5\u57282024\u5e74\u524d\u4e24\u4e2a\u5b63\u5ea6\uff0c\u7f8e\u56fd\u516c\u53f8\u5c31\u53d1\u884c\u4e861.06\u4e07\u4ebf\u7f8e\u5143\u7684\u516c\u53f8\u503a\u5238\uff0c\u8d85\u8fc7\u4e862023\u5e74\u524d\u4e09\u4e2a\u5b63\u5ea61.02\u4e07\u4ebf\u7f8e\u5143\u7684\u53d1\u884c\u603b\u989d\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u7f8e\u56fd\u516c\u53f8\u503a\u5238\u53d1\u884c\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/71Ht9P3WjE9kOz0kagFhyZ\/c32855a4a8ec70de5e00851feb9d1fa5\/16_US_corporate_bonds_issuance.png?x-oss-process=image\/resize,w_734,h_548\/format,webp\" alt=\"\u7f8e\u56fd\u516c\u53f8\u503a\u5238\u53d1\u884c\" width=\"734\" height=\"548\" \/><\/button><\/div>\n<p><b><span dir=\"auto\">\u5229\u7387\u4e0a\u5347\u5bf9\u7f8e\u56fd\u56fd\u503a\u4ee3\u5e01\u5316\u9879\u76ee\u7684\u5f71\u54cd<\/span><\/b><\/p>\n<ol>\n<li><b><span dir=\"auto\">\u5bcc\u5170\u514b\u6797\u9093\u666e\u987f<\/span><\/b><span dir=\"auto\">\uff1a2021\u5e74\u63a8\u51fa\u5bcc\u5170\u514b\u6797\u94fe\u4e0a\u7f8e\u56fd\u653f\u5e9c\u8d27\u5e01\u57fa\u91d1\uff08FOBXX\uff09\uff0c\u8fd9\u662f\u7f8e\u56fd\u6ce8\u518c\u7684\u9996\u4e2a\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u57fa\u91d1\uff0c\u6536\u76ca\u7387\u4e3a5.11%\uff0c\u5e02\u503c\u8fbe4\u4ebf\u7f8e\u5143\uff0c\u662f\u6700\u5927\u7684\u94fe\u4e0a\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\u4e4b\u4e00\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u8d1d\u83b1\u5fb7\uff08\u901a\u8fc7 Securitize\uff09<\/span><\/b><span dir=\"auto\">\uff1a\u4e8e 2024 \u5e74 3 \u6708\u5728\u4ee5\u592a\u574a\u4e0a\u63a8\u51fa\u4e86\u8d1d\u83b1\u5fb7\u7f8e\u5143\u673a\u6784\u6570\u5b57\u6d41\u52a8\u6027\u57fa\u91d1\uff08$BUIDL\uff09\u3002\u76ee\u524d\uff0c\u5176\u7ba1\u7406\u7684\u8d44\u4ea7\uff08AUM\uff09\u8d85\u8fc7 5 \u4ebf\u7f8e\u5143\uff0c\u9886\u5148\u5e02\u573a\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">Ondo<\/span><\/b><span dir=\"auto\">\uff1a\u53d1\u884c\u4e86 Ondo \u77ed\u671f\u7f8e\u56fd\u653f\u5e9c\u503a\u5238 (OUSG)\uff0c\u6536\u76ca\u7387\u4e3a 4.68%\uff0c\u5e02\u503c\u7ea6\u4e3a 2.4 \u4ebf\u7f8e\u5143\u3002OUSG \u7684\u5f88\u5927\u4e00\u90e8\u5206\u6295\u8d44\u4e8e\u8d1d\u83b1\u5fb7\u7684 BUIDL\u3002Ondo \u8fd8\u63d0\u4f9b USDY \u6536\u76ca\u7a33\u5b9a\u5e01\uff0c\u5e02\u503c\u8d85\u8fc7 3 \u4ebf\u7f8e\u5143\u3002<\/span><\/li>\n<\/ol>\n<p><b><span dir=\"auto\">\u6309\u5e02\u503c\u8ba1\u7b97\u7684\u5e02\u573a\u9886\u5bfc\u8005<\/span><\/b><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u5e02\u573a\u9886\u5148\u7684\u534f\u8bae\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/3T3moi4b9ehF0zyWxLizAm\/89cf8853b069e708c186e4d03b49d6a4\/17_Market_leading_protocols.png?x-oss-process=image\/resize,w_1280,h_612\/format,webp\" alt=\"\u5e02\u573a\u9886\u5148\u7684\u534f\u8bae\" width=\"1280\" height=\"612\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u6309\u5e02\u503c\u8ba1\u7b97\uff0c\u6392\u540d\u524d\u4e94\u7684\u534f\u8bae\u5206\u522b\u662f Securitize\u3001Ondo\u3001Franklin Templeton\u3001Hashnote \u548c OpenEden\u3002\u5355\u54c1\u53d1\u884c\u91cf\u6700\u9ad8\u7684\u662f\uff1a<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">$BUIDL<\/span><\/b><span dir=\"auto\">\uff08\u8d1d\u83b1\u5fb7\u901a\u8fc7 Securitize \u53d1\u884c\uff09\u2014\u20145.1 \u4ebf\u7f8e\u5143\uff0c\u5b63\u5ea6\u589e\u957f\u7387\uff1a74%<\/span><\/li>\n<li><b><span dir=\"auto\">$FOBXX<\/span><\/b><span dir=\"auto\">\uff08\u5bcc\u5170\u514b\u6797\u9093\u666e\u987f\uff09\u2014\u20144.28 \u4ebf\u7f8e\u5143\uff0c\u5b63\u5ea6\u589e\u957f\u7387\uff1a12%<\/span><\/li>\n<li><b><span dir=\"auto\">$USDY<\/span><\/b><span dir=\"auto\">\uff08\u7fc1\u591a\uff09\u2014\u20143.32\u4ebf\u7f8e\u5143\uff0c\u5b63\u5ea6\u589e\u957f\u7387\uff1a155%<\/span><\/li>\n<li><b><span dir=\"auto\">$USYC<\/span><\/b><span dir=\"auto\">\u00a0(Hashnote) &#8211; 2.21 \u4ebf\u7f8e\u5143\uff0c\u5b63\u5ea6\u589e\u957f\uff1a156%<\/span><\/li>\n<li><b><span dir=\"auto\">$OUSG<\/span><\/b><span dir=\"auto\">\uff08\u7fc1\u591a\uff09\u2014\u20142.06\u4ebf\u7f8e\u5143\uff0c\u5b63\u5ea6\u589e\u957f\u7387\uff1a60%<\/span><\/li>\n<li><b><span dir=\"auto\">$TBILL<\/span><\/b><span dir=\"auto\">\u00a0(OpenEden) &#8211; 1.01 \u4ebf\u7f8e\u5143\uff0c\u5b63\u5ea6\u589e\u957f\u7387\uff1a132%<\/span><\/li>\n<\/ul>\n<p><b><span dir=\"auto\">\u8d44\u4ea7\u5206\u7c7b\u4e3b\u52a8\u7ba1\u7406<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u5b9a\u4e49\uff1a<\/span><\/b><span dir=\"auto\">\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\u7531\u516c\u53f8\u6307\u5b9a\u7684\u6295\u8d44\u7ec4\u5408\u7ecf\u7406\u4e3b\u52a8\u7ba1\u7406\uff0c\u8d1f\u8d23\u7ba1\u7406\u57fa\u7840\u8d44\u4ea7\u7ec4\u5408\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u7279\u70b9\uff1a<\/span><\/b><span dir=\"auto\">\u91c7\u7528\u4e3b\u52a8\u6295\u8d44\u7b56\u7565\u6765\u4f18\u5316\u56de\u62a5\u548c\u7ba1\u7406\u98ce\u9669\uff0c\u7c7b\u4f3c\u4e8e\u4f20\u7edf\u7684\u4e3b\u52a8\u7ba1\u7406\u578b\u57fa\u91d1\u3002<\/span><\/li>\n<\/ul>\n<p><b><span dir=\"auto\">\u91cd\u65b0\u5206\u7c7b<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u5b9a\u4e49\uff1a<\/span><\/b><span dir=\"auto\">\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\u65e8\u5728\u7b80\u5355\u5730\u4ee3\u8868\u6216\u53cd\u6620\u67d0\u4e9b\u91d1\u878d\u5de5\u5177\uff0c\u4f8b\u5982\u516c\u5f00\u4e0a\u5e02\u7684 ETF\uff0c\u8fd9\u4e9b\u5de5\u5177\u672c\u8d28\u4e0a\u5e76\u4e0d\u662f\u94fe\u4e0a\u7684\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u7279\u70b9\uff1a<\/span><\/b><span dir=\"auto\">\u901a\u5e38\u91c7\u7528\u88ab\u52a8\u7ba1\u7406\uff0c\u76ee\u6807\u662f\u901a\u8fc7\u533a\u5757\u94fe\u6280\u672f\u91cd\u65b0\u6ce8\u518c\u73b0\u6709\u91d1\u878d\u5de5\u5177\uff0c\u4ee5\u8fdb\u884c\u94fe\u4e0a\u4ea4\u6613\u548c\u7ba1\u7406\u3002<\/span><\/li>\n<\/ul>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/3hCnggmQ4f9aAXwah7JdiY\/35f3d35232473b107bdb5b6b830e7910\/18_Us_Treasury_products.png?x-oss-process=image\/resize,w_1280,h_1003\/format,webp\" alt=\"\u7f8e\u56fd\u56fd\u503a\u4ea7\u54c1\" width=\"1280\" height=\"1003\" \/><\/button><\/div>\n<p><span dir=\"auto\">Ondo Finance\u3001Backed \u548c Swarm \u7b49\u516c\u53f8\u4e0e\u8d1d\u83b1\u5fb7\/iShares \u7684\u77ed\u671f\u56fd\u503a ETF \u7c7b\u4f3c\u3002Ondo \u4ece\u7eb3\u65af\u8fbe\u514b\u7684\u4e00\u5bb6\u7f8e\u56fd\u53d1\u884c\u4eba\uff08CUSIP\uff1a464288679\uff09\u8d2d\u4e70\uff0c\u800c Backed \u548c Swarm \u5219\u4ece\u4e00\u5bb6\u7231\u5c14\u5170\u53d1\u884c\u4eba\/UCITS\uff08ISIN\uff1aIE00BGSF1X88\uff09\u8d2d\u4e70\u3002\u5177\u4f53\u6765\u8bf4\uff0cOndo \u5e76\u4e0d\u4e3b\u52a8\u7ba1\u7406\u56fd\u503a\u4ea7\u54c1\u7ec4\u5408\uff0c\u800c\u662f\u5c06\u7ba1\u7406\u5916\u5305\u7ed9\u8d1d\u83b1\u5fb7\/iShares \u7ba1\u7406\u7684 SHV\u3002\u7531\u4e8e DeFi \u534f\u8bae\u4e0d\u76f4\u63a5\u4e0e\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u4e92\u52a8\uff0c\u50cf Ondo 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dir=\"auto\">\u6709\u4e9b\u4ea7\u54c1\u66f4\u591a\u5730\u4f9d\u8d56\u6295\u8d44\u7ecf\u7406\u7684\u8d23\u4efb\uff0c\u8981\u6c42\u6295\u8d44\u8005\u4ed4\u7ec6\u8bc4\u4f30\u7ba1\u8f96\u533a\u7684\u6cd5\u5f8b\u73af\u5883\u548c\u76d1\u7ba1\u6846\u67b6\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4ea7\u91cf\u6700\u5927\u5316<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/li>\n<li><span dir=\"auto\">\u4e3b\u52a8\u7ba1\u7406\u578b\u4ea7\u54c1\u6ce8\u91cd\u57fa\u91d1\u7ecf\u7406\u4f18\u5316\u6295\u8d44\u7ec4\u5408\u7684\u7b56\u7565\uff0c\u4e3b\u8981\u6295\u8d44\u4e0e\u5f53\u524d\u6536\u76ca\u7387\u66f2\u7ebf\u76f8\u4e00\u81f4\u7684\u77ed\u671f\u56fd\u5e93\u5238\u548c\u56de\u8d2d\u534f\u8bae\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u91cd\u65b0\u5206\u7c7b\u4ea7\u54c1\u5c06\u6295\u8d44\u7ec4\u5408\u7ba1\u7406\u5916\u5305\u7ed9 ETF \u7ecf\u7406\uff0c\u5141\u8bb8\u6295\u8d44\u8005\u5ba1\u67e5\u5386\u53f2\u8868\u73b0\u4ee5\u5339\u914d\u4ed6\u4eec\u7684\u6536\u76ca\u76ee\u6807\u548c\u98ce\u9669\u504f\u597d\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u65b9\u4fbf<\/span><\/b><span dir=\"auto\">\uff1a<\/span><\/li>\n<li><span dir=\"auto\">\u4e00\u4e9b\u5927\u578b\u673a\u6784\u4ea7\u54c1\u901a\u8fc7\u5b98\u65b9\u624b\u673a\u5e94\u7528\u7a0b\u5e8f\u63d0\u4f9b\u8bbf\u95ee\uff0c\u589e\u5f3a\u7528\u6237\u4f53\u9a8c\u5e76\u7b80\u5316\u81ea\u4e3b\u6563\u6237\u6295\u8d44\u8005\u7684\u6295\u8d44\u6d41\u7a0b\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5176\u4ed6\u4ea7\u54c1\u6d89\u53ca\u66f4\u590d\u6742\u3001\u66f4\u624b\u52a8\u7684\u6d41\u7a0b\u548c\u591a\u4e2a\u6b65\u9aa4\uff0c\u9700\u8981\u66f4\u9ad8\u7684\u5b66\u4e60\u66f2\u7ebf\u548c\u7ba1\u7406\u52aa\u529b\u3002<\/span><\/li>\n<\/ol>\n<p><span dir=\"auto\">\u672a\u6765\uff0c\u4e3b\u52a8\u7ba1\u7406\u578b\u4ea7\u54c1\u53ef\u80fd\u4f1a\u964d\u4f4e\u5b9a\u4ef7\uff0c\u4ece\u800c\u524a\u5f31\u94fe\u4e0a\u91cd\u65b0\u5206\u7c7b\u8d26\u4ea7\u54c1\u7684\u7ade\u4e89\u4f18\u52bf\u3002\u6b64\u5916\uff0c\u7528\u6237\u5e94\u8be5\u8003\u8651\u8fd9\u4e9b\u4ee3\u5e01\u5316\u7684\u56fd\u503a\u662f\u5426\u4ec5\u7528\u4f5c\u5176\u6295\u8d44\u6240\u6709\u6743\u7684\u8bc1\u660e\uff0c\u8fd8\u662f\u4e5f\u53ef\u4ee5\u7528\u4f5c\u652f\u4ed8\u4ee3\u5e01\u6216\u62b5\u62bc\u54c1\uff0c\u4ece\u800c\u6269\u5c55\u5176\u7528\u4f8b\u5e76\u589e\u52a0\u6536\u5165\u6765\u6e90\u3002<\/span><\/p>\n<h3><span dir=\"auto\">4. \u5927\u5b97\u5546\u54c1<\/span><\/h3>\n<p><span dir=\"auto\">\u81ea\u7136\u8d44\u6e90\u7684\u4ee3\u5e01\u5316\u4ee3\u8868\u7740\u5bf9\u5b9e\u9645\u5546\u54c1\u7684\u6240\u6709\u6743\u3002\u76ee\u524d\uff0c\u4ee3\u5e01\u5316\u5546\u54c1\u5e02\u573a\u7684\u603b\u5e02\u503c\u63a5\u8fd110\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u8d35\u91d1\u5c5e\uff0c\u5c24\u5176\u662f\u9ec4\u91d1\uff0c\u6700\u53d7\u5173\u6ce8\u3002PAX Gold\uff08PAXG\uff09\u548cTether Gold\uff08XAUT\uff09\u7b49\u9ec4\u91d1\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u5360\u636e\u4e86\u4ee3\u5e01\u5316\u5546\u54c1\u5e02\u503c\u7684\u8fd198%\u3002\u968f\u7740\u91d1\u4ef7\u7a81\u7834\u6bcf\u76ce\u53f82500\u7f8e\u5143\uff0c\u5168\u7403\u9ec4\u91d1\u603b\u5e02\u503c\u5df2\u8d85\u8fc713\u4e07\u4ebf\u7f8e\u5143\uff0c\u8fd9\u4e3a\u9ec4\u91d1\u4ee3\u5e01\u5316\u53ca\u5176\u878d\u5165DeFi\u5e73\u53f0\u63d0\u4f9b\u4e86\u5e7f\u9614\u7684\u5e02\u573a\u7a7a\u95f4\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5176\u4ed6\u5360\u636e\u5e02\u573a\u4efd\u989d\u7684\u91d1\u5c5e\u5305\u62ec\u767d\u94f6\u548c\u94c2\u91d1\u3002\u968f\u7740\u4ee3\u5e01\u5316\u98ce\u9669\u8d44\u4ea7\uff08RWA\uff09\u7684\u6210\u719f\uff0c\u6211\u4eec\u53ef\u80fd\u4f1a\u770b\u5230\u5176\u4ed6\u5546\u54c1\uff08\u4f8b\u5982\u539f\u6cb9\u6216\u519c\u4f5c\u7269\uff09\u7684\u4ee3\u5e01\u3002\u4f8b\u5982\uff0c\u4e4c\u5e72\u8fbe\u7684\u519c\u6c11\u53ef\u4ee5\u4f7f\u7528\u4e0e\u7ebd\u7ea6\u8d38\u6613\u5546\u76f8\u540c\u7684\u91d1\u878d\u5de5\u5177\u6765\u7ba1\u7406\u4ed6\u4eec\u7684\u5496\u5561\u4f5c\u7269\uff0c\u4ece\u800c\u6269\u5927\u5e02\u573a\u51c6\u5165\u3002\u5168\u7403\u8d38\u6613\u6709\u673a\u4f1a\u66f4\u591a\u5730\u8f6c\u5411\u533a\u5757\u94fe\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u5546\u54c1\u6307\u6807\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/xfUQWhEtyTJfhv7Bdl6fx\/76fe69a1761bb59b1a7fdef6a305eb89\/19_Commodity_metrics.png?x-oss-process=image\/resize,w_1280,h_730\/format,webp\" alt=\"\u5546\u54c1\u6307\u6807\" width=\"1280\" height=\"730\" \/><\/button><\/p>\n<div class=\"index_imageCaption__H-TcN\"><span dir=\"auto\">\u6765\u6e90\uff1arwa.xyz<\/span><\/div>\n<\/div>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u5546\u54c1\u6570\u636e2\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/5EEUYqf2lVVJ2NKrhA6Y8o\/c8f054615568586107029799d0c0f22e\/20_Commodity_data_2.png?x-oss-process=image\/resize,w_1280,h_546\/format,webp\" alt=\"\u5546\u54c1\u6570\u636e2\" width=\"1280\" height=\"546\" \/><\/button><\/div>\n<h3><span dir=\"auto\">5.\u623f\u5730\u4ea7<\/span><\/h3>\n<p><span dir=\"auto\">\u4f4f\u5b85\u7269\u4e1a\u3001\u571f\u5730\u3001\u5546\u4e1a\u5efa\u7b51\u548c\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\u7b49\u5b9e\u7269\u8d44\u4ea7\u7684\u4ee3\u5e01\u5316\u5f15\u5165\u4e86\u4e00\u79cd\u5168\u65b0\u7684\u6295\u8d44\u6a21\u5f0f\uff0c\u4f7f\u623f\u5730\u4ea7\u80fd\u591f\u5728\u94fe\u4e0a\u4ea4\u6613\uff0c\u63d0\u5347\u4e86\u53ef\u53ca\u6027\uff0c\u5b9e\u73b0\u4e86\u90e8\u5206\u6240\u6709\u6743\uff0c\u5e76\u6709\u53ef\u80fd\u63d0\u5347\u6d41\u52a8\u6027\u3002\u7136\u800c\uff0c\u623f\u5730\u4ea7\u56fa\u6709\u7684\u6d41\u52a8\u6027\u9650\u5236\u9650\u5236\u4e86\u5176\u94fe\u4e0a\u5e94\u7528\u7684\u901f\u5ea6\u3002\u623f\u5730\u4ea7\u4ea4\u6613\u7684\u957f\u671f\u6027\u548c\u8f83\u5c0f\u7684\u4e70\u5bb6\u7fa4\u4f53\u4f7f\u5f97\u5728\u94fe\u4e0a\u8fde\u63a5\u5356\u5bb6\u548c\u4e70\u5bb6\u53d8\u5f97\u6781\u5177\u6311\u6218\u6027\uff0c\u5c24\u5176\u662f\u5728\u8be5\u884c\u4e1a\u4f20\u7edf\u4e0a\u5728\u4f20\u7edf\u7cfb\u7edf\u5185\u8fd0\u4f5c\u7684\u60c5\u51b5\u4e0b\u3002<\/span><\/p>\n<p><b><span dir=\"auto\">\u6311\u6218<\/span><\/b><\/p>\n<p><b><span dir=\"auto\">\u5e02\u573a\u9700\u6c42<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u623f\u5730\u4ea7\u5e02\u573a\u72b6\u51b5\uff1a<\/span><\/b><span dir=\"auto\">\u901a\u8bc1\u5316\u623f\u5730\u4ea7\u9879\u76ee\u7684\u6210\u529f\u5f88\u5927\u7a0b\u5ea6\u4e0a\u53d6\u51b3\u4e8e\u623f\u5730\u4ea7\u5e02\u573a\u7684\u5065\u5eb7\u72b6\u51b5\u3002\u5728\u623f\u5730\u4ea7\u5e02\u573a\u4f4e\u8ff7\u7684\u5730\u533a\uff0c\u7531\u4e8e\u7f3a\u4e4f\u6295\u673a\u4ef7\u503c\u548c\u6295\u8d44\u8005\u5174\u8da3\uff0c\u901a\u8bc1\u5316\u9879\u76ee\u96be\u4ee5\u5438\u5f15\u8db3\u591f\u7684\u4e70\u5bb6\u548c\u6295\u8d44\u8005\u3002<\/span><\/li>\n<\/ul>\n<p><b><span dir=\"auto\">\u957f\u671f\u79df\u91d1\u6536\u5165\u5206\u914d<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u6301\u7eed\u7ba1\u7406\uff1a<\/span><\/b><span dir=\"auto\">\u901a\u8bc1\u5316\u623f\u5730\u4ea7\u6d89\u53ca\u957f\u671f\u79df\u91d1\u6536\u5165\u7684\u5206\u914d\uff0c\u9700\u8981\u6301\u7eed\u7684\u7269\u4e1a\u7ba1\u7406\u548c\u7ef4\u62a4\u3002\u8fd9\u589e\u52a0\u4e86\u8fd0\u8425\u7684\u590d\u6742\u6027\u548c\u6210\u672c\uff0c\u9700\u8981\u4e13\u4e1a\u56e2\u961f\u7684\u652f\u6301\uff0c\u4ee5\u786e\u4fdd\u79df\u91d1\u6536\u5165\u7684\u7a33\u5b9a\u6027\u548c\u7269\u4e1a\u4ef7\u503c\u7684\u4fdd\u503c\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u8fd0\u8425\u6469\u64e6\uff1a<\/span><\/b><span dir=\"auto\">\u5904\u7406\u6cd5\u5b9a\u79df\u91d1\u652f\u4ed8\u548c\u518d\u5206\u914d\u7684\u56f0\u96be\uff0c\u4ee5\u53ca\u6838\u5b9e\u79df\u91d1\u662f\u5426\u771f\u6b63\u652f\u4ed8\u7684\u56f0\u96be\uff0c\u4ee5\u53ca\u4fe1\u606f\u7684\u900f\u660e\u5ea6\uff0c\u5e26\u6765\u4e86\u989d\u5916\u7684\u6311\u6218\u3002<\/span><\/li>\n<\/ul>\n<p><b><span dir=\"auto\">\u6d41\u52a8\u6027\u9650\u5236<\/span><\/b><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u4ea4\u6613\u6311\u6218\uff1a<\/span><\/b><span dir=\"auto\">\u867d\u7136\u901a\u8bc1\u5316\u63d0\u9ad8\u4e86\u623f\u5730\u4ea7\u7684\u53ef\u53ca\u6027\uff0c\u5e76\u5b9e\u73b0\u4e86\u623f\u5730\u4ea7\u7684\u90e8\u5206\u6240\u6709\u6743\uff0c\u4f46\u623f\u5730\u4ea7\u5e02\u573a\u56fa\u6709\u7684\u6d41\u52a8\u6027\u9650\u5236\u9650\u5236\u4e86\u5176\u94fe\u4e0a\u5e94\u7528\u7684\u901f\u5ea6\u3002\u623f\u5730\u4ea7\u4ea4\u6613\u7684\u957f\u671f\u6027\u4ee5\u53ca\u4e70\u5bb6\u7fa4\u4f53\u7684\u89c4\u6a21\u8f83\u5c0f\uff0c\u4f7f\u5f97\u5728\u94fe\u4e0a\u8fde\u63a5\u5356\u5bb6\u548c\u4e70\u5bb6\u53d8\u5f97\u56f0\u96be\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4f20\u7edf\u8fd0\u8425\uff1a<\/span><\/b><span dir=\"auto\">\u623f\u5730\u4ea7\u884c\u4e1a\u4f20\u7edf\u4e0a\u5728\u4f20\u7edf\u7cfb\u7edf\u5185\u8fd0\u4f5c\uff0c\u8fc7\u6e21\u5230\u533a\u5757\u94fe\u5e73\u53f0\u9700\u8981\u65f6\u95f4\u548c\u9002\u5e94\uff0c\u7279\u522b\u662f\u5bf9\u4e8e\u4e60\u60ef\u4e8e\u4f20\u7edf\u4ea4\u6613\u65b9\u5f0f\u7684\u5e02\u573a\u53c2\u4e0e\u8005\u800c\u8a00\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">RealT \u548c Parcl \u7b49\u5e73\u53f0\u6b63\u81f4\u529b\u4e8e\u901a\u8fc7\u7b80\u5316\u623f\u4ea7\u5206\u5272\u6d41\u7a0b\u4e3a\u5e02\u573a\u6ce8\u5165\u6d41\u52a8\u6027\uff0c\u4f7f\u5356\u5bb6\u80fd\u591f\u8f7b\u677e\u5206\u5272\u8d44\u4ea7\u5e76\u83b7\u5f97\u4ee3\u5e01\u5316\u4efd\u989d\u3002\u6b64\u5916\uff0cParcl \u5e73\u53f0\u8fd8\u5141\u8bb8\u7528\u6237\u901a\u8fc7\u5176\u94fe\u4e0a\u4ea4\u6613\u673a\u5236\u5bf9\u4e0d\u540c\u5730\u70b9\u7684\u623f\u4ea7\u4ef7\u503c\u8fdb\u884c\u6295\u673a\uff0c\u8fdb\u4e00\u6b65\u62d3\u5c55\u4e86\u623f\u5730\u4ea7\u5e02\u573a\u7684\u6295\u8d44\u6e20\u9053\u3002<\/span><\/p>\n<h3><span dir=\"auto\">6. \u80a1\u7968\u3001\u8bc1\u5238\u548c\u57fa\u91d1<\/span><\/h3>\n<p><b><span dir=\"auto\">\u8bc1\u5238\u578b\u4ee3\u5e01\u53d1\u884c (STO)<\/span><\/b><span dir=\"auto\">\u672c\u8d28\u4e0a\u662f\u5c06\u516c\u53f8\u96be\u4ee5\u901a\u8fc7\u4f20\u7edf IPO \u4e0a\u5e02\u7684\u90e8\u5206\u8d44\u4ea7\u6216\u80a1\u6743\u4ee3\u5e01\u5316\uff0c\u5141\u8bb8\u7528\u6237\u901a\u8fc7\u533a\u5757\u94fe\u6280\u672f\u8d2d\u4e70\u8fd9\u4e9b\u4ee3\u5e01\u6765\u6295\u8d44\u516c\u53f8\u8bc1\u5238\u3002\u7136\u800c\uff0cSTO \u9886\u57df\u5df2\u7ecf\u5b58\u5728\u4e00\u6bb5\u65f6\u95f4\u4e86\uff0c\u8bb8\u591a\u53c2\u4e0e STO \u7684\u4e0a\u5e02\u516c\u53f8\u5f80\u5f80\u662f\u4f20\u7edf\u4f01\u4e1a\uff0c\u7f3a\u4e4f\u521b\u65b0\u6027\u548c\u9ad8\u589e\u957f\u6f5c\u529b\uff0c\u5bf9\u6295\u8d44\u8005\u7684\u5438\u5f15\u529b\u8f83\u4f4e\u3002\u6b64\u5916\uff0cSTO \u901a\u5e38\u53ea\u5141\u8bb8\u5b8c\u6210 KYC \u9a8c\u8bc1\u7684\u7528\u6237\u53c2\u4e0e\u4ea4\u6613\uff0c\u8fd9\u589e\u52a0\u4e86\u51c6\u5165\u95e8\u69db\u548c\u4ea4\u6613\u590d\u6742\u6027\u3002\u6b64\u5916\uff0cSTO \u8fd8\u9762\u4e34\u7740\u5de8\u5927\u7684\u5408\u89c4\u548c\u76d1\u7ba1\u6311\u6218\uff0c\u96be\u4ee5\u9075\u5b88\u4e0d\u540c\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u6cd5\u5f8b\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"\u8bc1\u5238\u89c6\u89c9\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/3UwzX5GMa2M9dMDKu8IIzb\/2c348f2dd5a7f3a8695f9d882ca1bd96\/21_Securities_visual.png?x-oss-process=image\/resize,w_884,h_496\/format,webp\" alt=\"\u8bc1\u5238\u89c6\u89c9\" width=\"884\" height=\"496\" \/><\/button><\/p>\n<div class=\"index_imageCaption__H-TcN\"><span dir=\"auto\">\u8d44\u6599\u6765\u6e90\uff1aTiger Research<\/span><\/div>\n<\/div>\n<p><span dir=\"auto\">Swarm \u548c Backed \u7b49\u9879\u76ee\u5df2\u5728\u76d1\u7ba1\u65b9\u9762\u53d6\u5f97\u7a81\u7834\uff0c\u5141\u8bb8\u5168\u7403\u80a1\u7968\u548c\u57fa\u91d1\uff08\u4f8b\u5982\u7f8e\u56fd\u5e02\u573a\u7684 COIN \u548c NVDA\uff09\u4ee5\u53ca\u6838\u5fc3\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u57fa\u91d1\u8fdb\u884c\u94fe\u4e0a\u4ea4\u6613\u3002Solv Protocol \u53ef\u4ee5\u521b\u5efa\u4ee3\u8868\u80a1\u7968\u548c\u57fa\u91d1\u7684 FNFT\uff0c\u5728 DeFi \u5e02\u573a\u4e0a\u8fdb\u884c\u4ea4\u6613\uff0c\u5e76\u63d0\u4f9b\u5408\u89c4\u5de5\u5177\uff0c\u901a\u8fc7\u667a\u80fd\u5408\u7ea6\u548c\u94fe\u4e0a\u8eab\u4efd\u9a8c\u8bc1\uff08\u4f8b\u5982 KYC\/AML\uff09\u6765\u786e\u4fdd\u5408\u89c4\u3002<\/span><\/p>\n<p><b><span dir=\"auto\">\u6311\u6218<\/span><\/b><\/p>\n<p><span dir=\"auto\">\u5c06\u73b0\u6709\u8bc1\u5238\u4ee3\u5e01\u5316\u7684\u5546\u4e1a\u6a21\u5f0f\u53ef\u80fd\u957f\u671f\u7f3a\u4e4f\u7ade\u4e89\u529b\u548c\u5438\u5f15\u529b\uff0c\u5c24\u5176\u662f\u968f\u7740\u5168\u7403\u91d1\u878d\u5de8\u5934\u7684\u8fdb\u5165\uff0c\u5b83\u5c06\u9762\u4e34\u91cd\u5927\u6311\u6218\u3002\u5728\u4e0e\u5927\u578b\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u7ade\u4e89\u65f6\uff0c\u6700\u521d\u57fa\u4e8e\u6536\u53d6\u670d\u52a1\u8d39\u7684\u76c8\u5229\u6a21\u5f0f\u53ef\u80fd\u53d8\u5f97\u96be\u4ee5\u4e3a\u7ee7\u3002\u5e02\u573a\u53ef\u80fd\u4f1a\u9677\u5165\u4ef7\u683c\u6218\uff0c\u538b\u7f29\u5229\u6da6\u7a7a\u95f4\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4f8b\u5982\uff0c\u5982\u679c\u5c06\u73b0\u6709\u8bc1\u5238\uff08\u5982\u7279\u65af\u62c9\u80a1\u7968\uff09\u901a\u8bc1\u5316\u901a\u8fc7\u5411\u7528\u6237\u6536\u53d6\u670d\u52a1\u8d39\uff08\u6bd4\u5982 5 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TVL\uff08\u603b\u9501\u5b9a\u4ef7\u503c\uff09\u7684\u589e\u957f\u3002\u8fd9\u9879\u521b\u65b0\u4e0d\u4ec5\u4f1a\u5438\u5f15\u673a\u6784\u5ba2\u6237\uff0c\u8fd8\u4f1a\u5438\u5f15\u66f4\u5e7f\u6cdb\u7684\u52a0\u5bc6\u8d27\u5e01\u7528\u6237\uff0c\u5c24\u5176\u662f\u5728\u652f\u4ed8\u548c\u91d1\u878d\u670d\u52a1\u9886\u57df\uff0c\u4ee3\u5e01\u5316\u8d44\u4ea7\u53ef\u80fd\u4f1a\u53d6\u4ee3\u4e00\u4e9b\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u65b0\u5174\u670d\u52a1\u548c\u4e13\u4e1a\u9700\u6c42\uff1a<\/span><\/b><span 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dir=\"auto\">\u8de8\u5883\u4ea4\u6613\u4e0e\u5168\u7403\u5e02\u573a\uff1a<\/span><\/b><span dir=\"auto\">\u533a\u5757\u94fe\u6280\u672f\u7684\u8de8\u5883\u4ea4\u6613\u80fd\u529b\u5c06\u8fdb\u4e00\u6b65\u63a8\u52a8\u4ee3\u5e01\u5316\u8d44\u4ea7\u8fdb\u5165\u56fd\u9645\u5e02\u573a\uff0c\u7b80\u5316\u4f20\u7edf\u7684\u56fd\u9645\u8d44\u4ea7\u4ea4\u6613\u6d41\u7a0b\u3002\u8fd9\u5bf9\u4e8e\u65b0\u5174\u5e02\u573a\u5c24\u4e3a\u91cd\u8981\uff0c\u6709\u52a9\u4e8e\u5b83\u4eec\u5438\u5f15\u5168\u7403\u8d44\u672c\u5e76\u63a8\u52a8\u7ecf\u6d4e\u589e\u957f\u3002\u672a\u6765\uff0c\u80fd\u591f\u4fc3\u8fdb\u4e0d\u540c\u533a\u5757\u94fe\u5e73\u53f0\u4e4b\u95f4\u65e0\u7f1d\u4e92\u64cd\u4f5c\u7684 RWA \u9879\u76ee\uff0c\u5c24\u5176\u662f\u90a3\u4e9b\u63d0\u4f9b\u66f4\u5e7f\u6cdb\u8d44\u4ea7\u9009\u62e9\u548c\u4f18\u5316\u6d41\u52a8\u6027\u7684\u9879\u76ee\uff0c\u5c06\u62e5\u6709\u663e\u8457\u7684\u7ade\u4e89\u4f18\u52bf\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u6280\u672f\u8fdb\u6b65\u4e0e\u6d41\u7a0b\u4f18\u5316\uff1a<\/span><\/b><span dir=\"auto\">\u98ce\u9669\u8d44\u4ea7 (RWA) \u901a\u8bc1\u5316\u7684\u6210\u529f\u5f88\u5927\u7a0b\u5ea6\u4e0a\u53d6\u51b3\u4e8e\u9ad8\u6548\u5b89\u5168\u7684\u6280\u672f\u3002\u968f\u7740\u533a\u5757\u94fe\u6280\u672f\u7684\u8fdb\u6b65\uff0c\u5c24\u5176\u662f\u5728\u53ef\u6269\u5c55\u6027\u3001\u5b89\u5168\u6027\u548c\u6807\u51c6\u5316\u534f\u8bae\u65b9\u9762\u7684\u8fdb\u6b65\uff0cRWA \u901a\u8bc1\u5316\u5c06\u53d8\u5f97\u66f4\u52a0\u9ad8\u6548\u3002\u65b0\u534f\u8bae\u7684\u5f00\u53d1\u5c06\u7b80\u5316\u901a\u8bc1\u5316\u6d41\u7a0b\uff0c\u589e\u5f3a\u5e73\u53f0\u95f4\u7684\u4e92\u64cd\u4f5c\u6027\uff0c\u5e76\u63d0\u4f9b\u66f4\u4f73\u7684\u7528\u6237\u4f53\u9a8c\u3002\u8fd9\u4e9b\u6280\u672f\u8fdb\u6b65\u5c06\u7ee7\u7eed\u63a8\u52a8 RWA 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Ventures\uff1a\u6df1\u5165\u63a2\u8ba8\u5851\u9020\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u516d\u5927\u5173\u952e\u8d44\u4ea7\u5e02\u573a<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-173","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173"}],"version-history":[{"count":2,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/173\/revisions"}],"predecessor-version":[{"id":3169,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/173\/revisions\/3169"}],"wp:attachment":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}