According to this item, the "holy grail" of the future of RWAs is to unlock completely native on-chain credit markets.
"MakerDAO will via wholesale lending establish the true potential of smart contract lending."
16/ https://t.co/PP9YysVkQZ
根据该条款，RWA未来的“圣杯”是完全解锁本地连锁信贷市场。
“MakerDAO将通过批发贷款建立智能合约贷款的真正潜力。”
16/ https://t.co/PP9YysVkQZ
The fifth action item is "Fulfill the Promise of DeFi by Bringing Dai to the Real World."
Today, Maker is evolving its RWA structure toward a wholesale model.
The goal of that structure is to enable expert lenders to execute their core businesses without micromanagement.
15/
第五个行动项目是“将戴带到现实世界中，履行戴菲的承诺”
如今，该制造商正在将其RWA结构演变为批发模式。
该结构的目标是使专家贷款人能够在没有微观管理的情况下执行其核心业务。
15/
The fourth action item is "Drive Native Retail Adoption in a Multi-Chain Universe."
This idea argues that DAI needs real retail users, again.
To achieve that, Maker should "go to where the users are" — Layer 2s and the multi-chain world.
14/ https://t.co/lgZBJXcW5r
第四项行动是“在多连锁世界中推动本土零售业的采用”
这一想法再次证明，戴需要真正的零售用户。
为了实现这一目标，制造商应该“去用户所在的地方”——第二层和多链世界。
14/ https://t.co/lgZBJXcW5r
On the other hand, the D3M would help scale the Maker's crypto-lending product from a wholesale perspective.
According to the proposal, the key benefit of the D3M is the specialization effect while allowing other platforms to originate volume and create retail demand.
13/ https://t.co/MdRFH5CYMu
另一方面，D3M将有助于从批发角度扩大制造商的加密借贷产品。
根据该提案，D3M的主要好处是专业化效应，同时允许其他平台创造销量并创造零售需求。
13/ https://t.co/MdRFH5CYMu
The third action item is "Scale Crypto-Lending."
Considering that crypto lending is the core of Maker today, this item proposes a deeper B2B2C integration through Institutional Valts.
To understand Institutional Vaults, we suggest this thread:
12/
https://twitter.com/MakerDAO/s...
Antalpha Group, the digital asset financial services firm established by Antpool Holding, has posted a Signal Request to measure the Maker community's sentiment toward onboarding an Institutional Maker Vault.
👇
1/
第三个行动项目是“规模加密借贷”
考虑到加密借贷是当今Maker的核心，本项目建议通过机构VALT进行更深入的B2B2C整合。
要了解机构保险库，我们建议使用以下线索：
12/
https://twitter.com/MakerDAO/s...
Antpool控股成立的数字资产金融服务公司Antalpha Group发布了一份信号请求，以衡量创客群体对加入机构创客金库的情绪。
👇
1/
Finally, the proposal adds bonds backed by treasury MKR with that could provide a final and minor incentive-aligned source of capital without diluting existing token holders.
11/ https://t.co/WjnyWPpfGb
最后，该提案增加了由财政部MKR支持的债券，可以在不稀释现有代币持有人的情况下提供最终和次要的激励一致的资本来源。
11/ https://t.co/WjnyWPpfGb
The proposal to raise capital is yield-bearing vaults and a form of stDAI.
The idea is to build a layer of permissionless risk capital and pay debt providers from protocol revenues according to this form of bonding with DAI.
10/ https://t.co/BJ8ACjIefV
筹集资金的建议是建立收益保险库和stDAI的一种形式。
其想法是建立一层无许可风险资本，并根据与DAI的这种联系形式，从协议收入中支付债务提供商。
10/ https://t.co/BJ8ACjIefV
The second action item is "Build a Permissionless Foundation from Supportive Investors."
It is based on filling up the System Surplus to "protect the protocol from unknown unknowns."
The simplest way to achieve this would be issuing new MKR, but this is not desirable.
9/
第二个行动项目是“从支持投资者那里建立一个无许可的基金会”
它是基于填补系统剩余来“保护协议不受未知未知因素的影响”
实现这一目标的最简单方法是发布新的MKR，但这并不可取。
9/
But, why US treasuries and not DeFi? The answer is that it is not currently possible to invest directly in DeFi due to the size of this balance sheet.
In the long term, Maker would be deploying capital through tokenized real-world financial assets.
8/ https://t.co/0BghLVX1i7
但是，为什么美国国债而不是DeFi？答案是，由于该资产负债表的规模，目前不可能直接投资DeFi。
从长期来看，这家制造商将通过标记化的真实世界金融资产配置资本。
8/ https://t.co/0BghLVX1i7
The first action item of the strategy is "Active Treasury Management."
Maker has huge liquidity — ~$4.5 billion in stablecoins on the balance sheet.
This step aims to mobilize part of that balance sheet through short-term, liquid instruments (primarily US treasuries).
7/
该战略的第一个行动项目是“积极的财政管理”
这家制造商拥有巨大的流动性——资产负债表上约45亿美元的稳定货币。
这一步骤旨在通过短期流动性工具（主要是美国国债）调动部分资产负债表。
7/
The pillars of growth would be:
1) The first programmatic lender in DeFi through D3M and Institutional Vaults
2) The stablecoin of reference for retail users through MCD on L2/sidechains and the Maker Teleport
3) Lead the revolution in real-world lending
6/ https://t.co/zEYEPEpdBp
增长的支柱将是：
1） 通过D3M和机构保险库，成为DeFi的第一家计划贷款人
2） 通过L2/侧链上的MCD和Maker Teleport为零售用户提供稳定的参考
3） 引领现实世界借贷的革命
6/ https://t.co/zEYEPEpdBp
Following similar growth-oriented ideas, the post argues that, in its current size, the DAI accrued is far from where it needs to be to absorb risk at the moment when Maker increases its exposure to various protocols, different chains, and real-world assets.
5/
按照类似的增长导向理念，《华盛顿邮报》认为，在制造商增加对各种协议、不同链和现实资产的敞口之际，以目前的规模计算，DAI的累积量远未达到吸收风险的需要。
5/
The second foundation is the System Surplus Buffer — The parameter that controls the maximum amount of DAI that the protocol can accrue from revenue before the MKR burn mechanism is triggered.
4/
第二个基础是系统剩余缓冲区-该参数控制协议在触发MKR burn机制之前可以从收入中累积的最大DAI量。
4/
The first foundation would be the asset base of the Maker Protocol.
According to the same set of ideas, this asset base lies fallow and "needs to be the beating heart" of Maker through conservative investments and productive management.
3/
第一个基础是Maker协议的资产基础。
根据同一套想法，这一资产基础处于闲置状态，需要通过保守的投资和生产性管理“成为创客的心脏”。
3/
The post begins with the "House of DAI."
It is a structure that includes:
1) "Foundations," which describe where the Maker Protocol is today.
2) "Primary pillars," which describe the most important parts of this hypothetical growth-oriented future.
2/
这篇文章以“戴家”开头
该结构包括：
1） “基础”，描述了Maker协议的现状。
2） “主要支柱”，描述了这一假设的增长导向未来的最重要部分。
2/
An important ongoing discussion is being held in MakerDAO around the "Growth Strategy."
Named "Long-term Growth Strategy for the Future of DeFi," the most recent post on this topic shares important views from the core of this growth idea.
A recap.
🧵
1/
围绕“增长战略”，正在MakerDAO举行一场重要的持续讨论
这篇题为“DeFi未来的长期增长战略”的最新帖子分享了这一增长理念核心的重要观点。
概述。
🧵
1/
RT: 1/ 👀 Stop Loss is back! Read below to learn more about what happened and how we always prioritize your security 🔒 https://twitter.com/oasisdotap...
RT：1/👀 止损回来了！阅读下面的内容，了解更多有关发生的情况以及我们如何始终优先考虑您的安全🔒 https://twitter.com/oasisdotap...
RT: closing in on $1 billion in @ArrakisFinance / @Uniswap v3 collateral in @MakerDAO https://t.co/OuJJKGFpjm
RT：在@ArrakisFinance/@Uniswap v3中以@MakerDAO获得10亿美元的抵押品https://t.co/OuJJKGFpjm
We encourage you to read the full proposal published in the Maker Forum:
👇
https://forum.makerdao.com/t/p...
我们鼓励您阅读Maker论坛上发布的完整提案：
👇
https://forum.makerdao.com/t/p...
For WSTETH-A, the commitment will be terminated if
1️⃣ DAI generated from PSM falls below 30% of total DAI supply,
2️⃣ The rolling 7-day average indicative risk premium rises 2% or more above the vault’s stability fee,
or
3️⃣ The price of stETH falls below 0.97 ETH.
对于WSTETH-A，如果
1.️⃣ PSM产生的DAI低于DAI总供应量的30%，
2.️⃣ 滚动7天平均指示性风险溢价比保险库的稳定费上涨2%或更多，
或
3.️⃣ stETH的价格低于0.97 ETH。