@Rocket_Pool The next and final step of this Collateral Onboarding Application will be the Executive Vote.
This final on-chain voting cycle will enact the addition of rETH as new collateral in the Maker Protocol.

@Rocket\u Pool此附带入职申请的下一步也是最后一步将是高管投票。
最后的链上投票周期将在制造商协议中增加rETH作为新抵押品。

The Maker Governance has voted to add rETH (@Rocket_Pool staked ETH) as a new collateral type in the Maker Protocol.
Voting results:
• 40,858 MKR voted YES (winning option)
• 22,163 MKR voted NO.
• 0.22 MKR voted ABSTAIN.
🗳 https://vote.makerdao.com/poll... https://t.co/cZGLRG6rk2

创客治理投票决定在创客协议中添加rETH（@Rocket\u Pool staked ETH）作为新的抵押品类型。
投票结果：
•40858 MKR投票通过（获胜选项）
•22163 MKR投票反对。
•0.22 MKR投弃权票。
🗳 https://vote.makerdao.com/poll... https://t.co/cZGLRG6rk2

For further understanding of this Collateral Onboarding Application, we encourage you to read the full assessment published in the Maker Forum:
👇
https://forum.makerdao.com/t/h...
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为了进一步了解此附带入职申请，我们鼓励您阅读Maker论坛上发布的完整评估：
👇
https://forum.makerdao.com/t/h...
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If approved, this agreement between a DeFi protocol and a US bank would forge a new chapter of history and send a signal to institutional counterparties of what is to come.
This deal will represent the first large-scale partnership between a regulated US bank and DeFi.
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如果获得批准，DeFi协议和美国银行之间的这一协议将翻开历史的新篇章，并向机构交易对手发出未来的信号。
这项交易将是受监管的美国银行与DeFi之间的首次大规模合作。
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Opportunities are wholesale lending, scale, alignment, symbiosis, and a turn-key solution
Maker and HVBank would sculpt an off-chain structure to both protect interests:
• Provide Maker with access to real-world assets at scale
• Create a deep pool of liquidity for HVB
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机会包括批发贷款、规模、协调、共生和交钥匙解决方案
Maker和HVBank将塑造一个链外结构，以保护利益：
•让制造商能够大规模访问真实世界的资产
•为HVB创造深层流动性池
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HVB’s preference for loans secured by anti-cyclical collateral, the power of Confessions of Judgements in PA law, and conservative guardrails such as minimum FICO/debt-to-income ratio for underwriting consumer loans.
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HVB对由反周期抵押品担保的贷款的偏好，PA法律中的判决供认权，以及保守的护栏，如承销消费贷款的最低FICO/债务收入比。
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Risks are mitigated by:
HVB’s conservative underwriting practices, HVB’s skin in the game via its continued exposure to no less than 50% of the participated loan, minimal penalty for underutilization of Trust funding, HVB’s relationship with regulators,
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通过以下方式减轻风险：
HVB保守的核保做法，HVB通过持续暴露于不低于50%的参与贷款，对信托资金使用不足的最低处罚，HVB与监管机构的关系，在游戏中的优势，
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The primary risks are:
• Concentration risk (in HVB).
• Direct credit exposure to the underlying participated loans without an additional layer of HVB credit enhancement.
• Scaling, development, regulatory, recession, and consumer loan risks.
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主要风险是：
•集中风险（HVB）。
•对基础参与贷款的直接信贷风险敞口，无需额外的HVB信用增级。
•规模、发展、监管、衰退和消费贷款风险。
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On a monthly basis, HVB shall remit to the Trust the pro-rata portion of all amounts received by HVB in respect of the loan participations.
Upon receipt of such amounts, the Trustee will make payments in accordance with the cash waterfall defined in the Trust Agreement.
9/ https://t.co/UKE6Qwp8dR

HVB应每月将HVB收到的与贷款参与相关的所有金额的按比例部分汇给信托。
收到此类金额后，受托人将按照信托协议中定义的现金瀑布进行支付。
9/ https://t.co/UKE6Qwp8dR

If participations conform, the Trust will acquire a (maximum) 50% interest in the underlying loan by executing a Certificate of Participation in exchange for cash.
The Trustee, WSFS, will custody these Certificates of Participation.
8/ https://t.co/Bg8dmEZmD1

如果参与符合规定，信托将通过签署参与证书以换取现金，获得基础贷款（最高）50%的权益。
受托人WSFS将保管这些参与证书。
8/ https://t.co/Bg8dmEZmD1

The proposed transaction:
HVB will originate loans and submit eligible loans for participation by the Trust.
When HVB proposes loans for participation, Ankura Trust, the calculation agent, will ensure that proposed loan participations are eligible for funding.
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拟议交易：
HVB将发放贷款，并提交合格贷款供信托参与。
当HVB提出贷款参与时，安库拉信托（Ankura Trust），计算代理机构，将确保拟议的贷款参与有资格获得资金。
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HVB also originates revolving credit facilities to private non-bank lenders (wholesale lending), non-real estate commercial & industrial loans (C&I), asset-based and e-commerce collateralized loans, consumer loans, and capital call lines.
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HVB还向私人非银行贷款人（批发贷款）、非房地产商业和；工业贷款（C&I）、资产抵押贷款和电子商务抵押贷款、消费贷款和资本赎回额度。
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HVB has focused primarily on the origination of commercial and residential mortgages.
On the commercial side, HVB originates fixed and floating rate mortgages on stabilized, cash-flowing properties as well as floating rate mortgages on commercial construction projects.
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HVB主要专注于商业和住宅抵押贷款的发放。
在商业方面，HVB为稳定的现金流房地产提供固定利率和浮动利率抵押，并为商业建设项目提供浮动利率抵押。
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HVB will be required to retain at least 50% of each whole loan, while the Trust will retain a maximum of 50% of each whole loan.
As the yield due to the Trust is a function of the underlying assets (participations), this figure is likely to change every month.
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HVB将被要求保留每笔全部贷款的至少50%，而信托将保留每笔全部贷款的最高50%。
由于信托收益率是基础资产（参与）的函数，因此该数字可能每月都会发生变化。
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HVB and RWA Master Participation Trust (established for the benefit of Maker) will not have a borrower-lender relationship.
HVB will have access to DAI liquidity in exchange for the sale of participation interests in the underlying whole loans originated by HVB.
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HVB和RWA主参与信托（为制造商的利益而设立）不存在借贷关系。
HVB将获得DAI流动性，以换取出售HVB发起的基础整体贷款的参与权益。
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Huntingdon Valley Bank, a Pennsylvania-based community bank, is seeking a 100 million DAI debt ceiling participation facility to support the growth of existing businesses and to grow new businesses.
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总部位于宾夕法尼亚州的社区银行亨廷顿山谷银行（HuntingdonValley Bank）正在寻求1亿DAI债务上限参与贷款，以支持现有业务的增长和发展新业务。
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The Real World Finance Core Unit has published the Huntingdon Valley Bank (HVB) Collateral Onboarding Risk Assessment.
This is a recap on the collateral onboarding process of HVB, a Pennsylvania Chartered US-based commercial bank.
🧵
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真实世界金融核心部门发布了亨廷顿河谷银行（HuntingdonValley Bank，HVB）抵押品入职风险评估。
这是对HVB（一家总部位于宾夕法尼亚州的特许美国商业银行）抵押物入职流程的概述。
🧵
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@CertoraInc Ready for a deep dive?
Here's a technical publication that gives you an inside look at a recent surprising discovery!
👇
https://hackmd.io/@SaferMaker/...
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@CertoraInc准备好深潜了吗？
这里有一份技术出版物，让您深入了解最近一个令人惊讶的发现！
👇
https://hackmd.io/@安全制造商/。。。
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@CertoraInc The Maker Protocol's contracts needed some changes and updates in preparation for deployment on other chains (including L2 solutions).
On the security side of these changes and updates, the Certora Prover was used to perform formal verification on the modified contracts.
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@CertoraInc The Maker Protocol的合同需要一些更改和更新，以便在其他链（包括L2解决方案）上部署。
在这些更改和更新的安全方面，Certora Prover用于对修改后的合同执行正式验证。
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@CertoraInc The advantage of formal verification is its exhaustiveness — all execution paths are checked, so we encounter rare edge cases.
@CertoraInc offers an automatic formal verification tool: the Certora Prover, and the PECU team has been using it since June 2021.
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@CertoraInc形式化验证的优点是其详尽性——所有执行路径都经过检查，因此我们遇到了罕见的边缘情况。
@CertoraInc提供了一种自动正式验证工具：Certora Prover，PECU团队自2021以来一直在使用它。
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