Nyob rau hauv "Ntawm Yam Ua Tsis Taus Ua Ua Ntej Noj tshais, ”NYDIG siv Terra / LUNA vau raws li kev tshawb fawb. Daim ntawv lub hom phiaj los ua pov thawj tias lub tswv yim algorithmic stabilitycoin yog qhov tsis zoo. Nws kuj tseem siv lub hom phiaj ntawm lub xeev tam sim no ntawm DeFi pawg thiab qhia tau tias nws yooj yim npaum li cas. Lub subtitle hais tias nws tag nrho, "ib tug tom qab tuag ntawm Terra, ib tug pre-mortem ntawm DeFi, thiab ib tug ci ntsa iab ntawm kev npau taws yuav tuaj."
Lwm Yam Nyeem | Dab tsi Terra's Collapse coj rau Stablecoins Hauv Nyij Pooj, Txoj Cai Tshiab dhau
Rau cov neeg nyob hauv qab pob zeb, thaum Lub Tsib Hlis 7th Terra's algorithmic stabilitycoin, UST, poob nws peg rau duas. Ob peb tshem tawm qhov tseem ceeb rau Anchor raws tu qauv tej zaum yuav yog vim li cas. Los yog, tej zaum nws yog kev tawm tsam. Qhov tseeb ntawm qhov teeb meem yog tias "lub kaw lus tau tawg." Qhov kev cuam tshuam ntawm lub zog ua rau lub txhab nyiaj khiav los ntawm cov txheej txheem thiab, ntawm qhov tod tes, uas ua rau lub voj voog tuag uas ua rau UST thiab nws tus muam ntxaib LUNA mus rau xoom.
Daim ntawv NYDIG tau taw qhia txog ob qhov kev tsim muaj qhov tsis zoo uas Terra ecosystem muaj. Tus naj npawb ib, "lwm yam ntawm LUNA / UST teeb tsa, hauv kev pom, txawm tias qhov tsis txaus 19.5% Anchor "yield." Piv txwv li, cov tub ua lag luam xav tau thawj zaug yuav LUNA rau tom qab mint UST, thiab tsuas yog tom qab ntawd lawv tuaj yeem tso UST hauv Anchor. " Tus naj npawb thib ob, "algorithmically tso cai luam tawm ntawm LUNA hauv "cov nyiaj tsis txwv" yog qhov tsis txaus ntseeg tsim kev tuag, lav, ua ntej, tias UST lub txhab nyiaj khiav - thiab cuam tshuam LUNA hyperinflation - yog qhov ua tau thiab, ntawm Gresham Txoj Cai, ib qho inevitable.
NYDIG's Definition Of Yield
Qhov kev tsis sib haum xeeb Anchor raws tu qauv "tshaj tawm 19.5% "yield." Raws li NYDIG, tsis yog Anchor lossis DeFi feem ntau siv lo lus kom raug. "Qhov tsuas yog qhov muaj txiaj ntsig zoo ntawm cov txiaj ntsig yog kev lag luam muaj txiaj ntsig zoo, uas nyob rau hauv lem nyob ntawm qhov kev ua si zoo ntawm kev siv peev los ua kom tau raws li cov neeg siv khoom xav tau hauv kev lag luam tiag. Tsis muaj lwm qhov chaw. Hu ib yam dab tsi "yield" tsis ua rau nws tawm los."
Lub Anchor raws tu qauv them tag nrho nws cov neeg siv khoom li cas? Yooj yim,
"Anchor's "yield" tsis yog los ntawm kev lag luam muaj txiaj ntsig zoo. Hloov chaw, Terra lub tuam txhab niam txiv lub sijhawm hloov pauv feem ntawm nws cov nyiaj txiag $ 30 nphom rau Anchor. Qhov no txhais tau hais tias tshwj tsis yog tias Terra tuaj yeem nce nyiaj ntau ntawm cov nyiaj tshiab tsis tas li, nws yuav tag nrho cov nyiaj "
Thaj, tag nrho Terra ecosystem yog qaug zog.
UST tus nqi daim ntawv qhia ntawm Gemini | Tau qhov twg los: UST / USD on TradingView.com
Centralization Thiab Tag Nrho Tus Nqi Xauv
Nco ntsoov, NYDIG daim ntawv yog kev foob rau DeFi feem ntau. Thawj cov ntsiab lus ntawm kev sib cav yog lub tswv yim ntawm TVL lossis Total Value Locked thiab lub tswv yim hais tias DeFi yog decentralized. Tsis muaj dab tsi tuaj yeem txuas ntxiv los ntawm qhov tseeb, raws li cov kws sau ntawv. Thiab lawv yuav siv Terra ecosystem ua piv txwv los ua pov thawj qhov ntawd
“DeFi tsis yog kev faib tawm. Terra ecosystem tsis tau decentralized. Terra pib muab nyiaj los ntawm LUNA token muab faib rau Terraform Labs thaum pib. Tsis tas li nyiaj txiag los ntawm Terraform Labs, Luna Foundation Guard (LFG) yog Singapore "tsis muaj txiaj ntsig" tsim los pab tswj kev ua haujlwm ntawm UST system.
Cov koom haum hauv nruab nrab uas nyob ib puag ncig ib puag ncig uas xav tias muaj kev ywj pheej yuav tswj hwm yog tias xav tau. Qhov no txhais tau tias thaum kawg lawv yuav tswj tau 100% tseeb. "Raws li feem ntau cov teeb meem hauv DeFi, kev thaj yeeb nyab xeeb kev tswj hwm kev tswj hwm nrawm nrawm muab txoj hauv kev rau kev tswj hwm kev ua tsov rog thaum muaj teeb meem tshwm sim." Tsis yog lub tswvyim ntawd paub.
Hais txog cov ntsiab lus paub, "Tej zaum qhov kev ntsuas feem ntau ua haujlwm los ntsuas thiab ntsuas tus nqi DeFi tokens, "Tag nrho Tus Nqi Xauv" (TVL), sawv cev tsis yog "tag nrho", lossis "tus nqi", lossis "xauv." 0 rau 3. Qhov ntawd yuav zoo li hnyav, tab sis, "Nws tsis muaj nqis vim tias lawv feem ntau rov ua dua cov khoom lag luam." Yog lawm, "DeFi tej yaam num feem ntau sawv cev, thiab cia siab rau, ib tug series ntawm rehypothecations. Cov "collateral" nyob rau hauv ib daim ntawv thov yuav siv tau rau lwm tus, ad infinitum.
Nws puas tuaj yeem ua haujlwm, txawm li cas los xij? NYDIG hais tias No
Tsawg kawg tseem tsis tau. Tsis yog algorithmic stabilitycoins los yog DeFi muaj peev xwm nyob rau hauv lub lag luam crypto lub xeev tam sim no. "Txawm hais tias lub hom phiaj zoo npaum li cas, tag nrho cov algorithmic ruaj khov yuav ua tsis tau thiab feem ntau - tej zaum tag nrho - ntawm DeFi cov qauv tam sim no yuav ua tsis tiav, qhov "ua tsis tiav" ntawm no txhais tau tias tsis tau txais qhov tseem ceeb txaus rau qhov teeb meem, raug nyiag, tshuab, lossis hloov pauv. los ntawm txoj cai mus rau qhov tsis muaj kev vam meej. "
Lwm Yam Nyeem | Mike Novogratz Hais Lus: Terra's UST Yog "Lub Tswv Yim Loj Ua Tsis Taus"
NYDIG qhia dab tsi hloov? Txhawm rau tsim tag nrho DeFi pawg hla bitcoin's Lightning Network. Koj yuav tsum nyeem cov "Ntawm Yam Ua Tsis Taus Ua Ua Ntej Noj tshais” ntawv rau cov ntsiab lus, ho.
Featured duab los ntawm Saurav S on Unsplash | Kab kos los ntawm TradingView
Tau qhov twg los: https://bitcoinist.com/nydig-algorithmic-stablecoins-impossible/