关于这个「因为 BTC 的不可编程性,目前还没有 BTC 超额抵押稳定币项目」,我也问了 @0x_Todd ,不过也好奇推上的朋友们怎么看
推荐对稳定币感兴趣的朋友听一下 @day1globalpod 的这期播客。@0x_Todd 老师对稳定币的分类非常清楚:USDT (65%市占率), USDC (25%市占率), 其他(10%市占率)。
而大家关心的“其他”部分,也就是能产生“超额收益”的稳定币代表:USDe @ethena_labs 的收益来源为 stETH + Short Perp 资金费率(本质是Delta Neutral 策略)。USDf @DWFLabs 的收益来源于自身MM业务,包括 CEX 资金费率优势, 多样套利策略等。本质上来讲,都属于代币化包装后的稳定币理财项目。
访谈中对于 RWA 代币化的稳定币探讨也很有意思,结论是:T-Bill 仍然是最靠谱的底层资产,没有之一。所谓的房地产上链(甚至农田)目前听一乐就行了。
因为 BTC 的不可编程性,目前还没有 BTC 超额抵押稳定币项目。那么,如果有可编程的 BTC 资产(比如 zBTC @ApolloByZeus , FragBTC @fragmetric ) 且具备有机的Yield 来源,会不会也能产生新的稳定币项目呢 (头脑风暴)
欢迎大家探讨,有看好的稳定币项目也可以留言。
cc: @rubywxt1 @starzqeth
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