上周,@chaos_labs 为 @aave 推出了 @pendle_fi PT 风险预言机;8天内总存款达到4.85亿以上。 这是首次在 Aave 上提供具有真实流动性的基于到期日的固定收益代币,并由动态风险数据流驱动。 本金代币不是静态的,需要“智能数据流”。随着到期日临近,PT代币从“高波动、长期”漂移到“类现金”。静态预言机配置和风险参数错过了这种转变,迫使协议在早期过度保护并在后期限制资本。 Chaos 预言机从 Chaos 风险引擎流数据,因此随着工具的去风险化,抵押品限制扩大。 贷方赚得更多,借方解锁额外的空间。没有安全性上的妥协。 随着链上金融的成熟,报价时必须考虑风险、流动性、波动性、场地深度和对手方证明。 代币化的国库和其他 RWA 只会加剧这些数据需求。 @pendle_fi 和 @ethena_labs 的 PT-USDe 预言机只是开始。 下一代预言机将不再问“价格是多少?”而是回答“现在值多少,考虑到所有信号和动态因素?”
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