{"id":1732,"date":"2023-08-03T10:02:52","date_gmt":"2023-08-03T02:02:52","guid":{"rendered":"https:\/\/dongyicaijing.com\/?p=1732"},"modified":"2023-08-08T15:58:36","modified_gmt":"2023-08-08T07:58:36","slug":"1-35","status":"publish","type":"post","link":"https:\/\/dongyicaijing.com\/index.php\/2023\/08\/03\/1-35\/","title":{"rendered":"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"796\" height=\"447\" src=\"https:\/\/dongyicaijing.com\/wp-content\/uploads\/2023\/08\/1-4.jpg\" alt=\"\" class=\"wp-image-1765\" srcset=\"https:\/\/dongyicaijing.com\/wp-content\/uploads\/2023\/08\/1-4.jpg 796w, https:\/\/dongyicaijing.com\/wp-content\/uploads\/2023\/08\/1-4-300x168.jpg 300w, https:\/\/dongyicaijing.com\/wp-content\/uploads\/2023\/08\/1-4-768x431.jpg 768w, https:\/\/dongyicaijing.com\/wp-content\/uploads\/2023\/08\/1-4-520x293.jpg 520w, https:\/\/dongyicaijing.com\/wp-content\/uploads\/2023\/08\/1-4-670x376.jpg 670w\" sizes=\"auto, (max-width: 796px) 100vw, 796px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u6458\u8981<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Curve \u4f5c\u4e3a\u4e00\u4e2a\u4ee5\u7a33\u5b9a\u5e01\u4e3a\u4e3b\u7684\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u88ab\u7528\u6237\u719f\u77e5\uff0c\u901a\u8fc7\u6539\u8fdb\u6052\u5b9a\u4e58\u79ef\u505a\u5e02\u5546\u6a21\u578b\u548c\u6052\u5b9a\u548c\u505a\u5e02\u5546\u6a21\u578b\uff0c\u53ef\u4e3a\u7528\u6237\u63d0\u4f9b\u4f4e\u6ed1\u70b9\u3001\u4f4e\u8d39\u7528\u3001\u4f4e\u65e0\u5e38\u635f\u5931\u7684\u7a33\u5b9a\u5e01\u4ea4\u6613\u4f53\u9a8c\u3002<\/li>\n\n\n\n<li>Curve \u901a\u8fc7\u8bbe\u8ba1 VeToken \u6a21\u578b\u5438\u5f15\u4e86\u5404\u5927\u9879\u76ee\u65b9\u79ef\u7d2f $veCRV\u3001\u4e89\u593aCurve\u6cbb\u7406\u6743\u4e4b\u95f4\u7684\u6218\u4e89\uff0c\u529b\u6c42\u5728 Curve DAO \u4e0a\u62e5\u6709\u6743\u529b\u548c\u5f71\u54cd\u529b\uff0c\u5e76\u6700\u7ec8\u80fd\u591f\u4e3a\u5176\u7528\u6237\u63d0\u4f9b\u66f4\u9ad8\u7684\u6536\u76ca\uff0c\u6210\u4e3a\u534f\u8bae\u4ee3\u5e01\u7ecf\u6d4e\u5b66\u7684\u5178\u8303\u3002\u540c\u65f6\u4e5f\u5e26\u52a8\u4e86 Convex \u7b49\u76f8\u5173\u82e5\u5e72\u751f\u6001\u534f\u8bae\u7684\u589e\u957f\uff0c\u5f62\u6210\u9879\u76ee\u751f\u6001\u7684\u826f\u6027\u4ef7\u503c\u5faa\u73af\u3002Curve \u8fd8\u8ba1\u5212\u53d1\u884c\u7a33\u5b9a\u5e01\u7b49\u4e0d\u65ad\u6269\u5927\u751f\u6001\u7248\u56fe\uff0c\u6fc0\u52b1\u751f\u6001\u6301\u7eed\u53d1\u5c55\uff0c\u5728\u672a\u6765\u4f9d\u65e7\u6f5c\u529b\u65e0\u9650\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e00\u3001Curve\u7b80\u4ecb<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/curve.fi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Curve Finance<\/a>\u7531<a href=\"https:\/\/twitter.com\/newmichwill\" target=\"_blank\" rel=\"noreferrer noopener\">Michael Egorov<\/a>\u521b\u7acb\uff0c\u4e8e 2020 \u5e74 1 \u6708\u63a8\u51fa\uff0c\u65e8\u5728\u63d0\u4f9b\u4e00\u4e2a\u91c7\u7528\u81ea\u52a8\u505a\u5e02\u5546 \uff08AMM\uff09\u67b6\u6784\u6784\u5efa\u7684\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\uff0c\u4e3b\u8981\u805a\u7126\u4e8e<strong>\u7a33\u5b9a\u5e01\uff08USDT\u3001USDC\u3001DAI\uff09\u3001\u5408\u6210\u8d44\u4ea7\/\u884d\u751f\u54c1\/\u951a\u5b9a\u8d44\u4ea7\uff08wBTC\u3001renBTC\u3001stETH\uff09<\/strong>\u7b49\u3002\u76ee\u524d\u9664\u4e86\u4ee5Ethereum\u4e3a\u4e3b\u8981\u4e1a\u52a1\u9635\u5730\uff0c\u8fd8\u5728Fantom\u3001Polygon\u3001Avalanche\u3001Arbitrum\u3001Optimism\u7b49\u8fdb\u884c\u591a\u94fe\u90e8\u7f72\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Curve \u4e8e 2020 \u5e74 8 \u6708\u521b\u5efa\u4e86 Curve DAO\uff0c\u5e76\u53d1\u884c\u4e86\u539f\u751f\u4ee3\u5e01 $CRV\uff0c\u4e4b\u540e\u534f\u8baeTVL\uff08Total Value Locked\uff0c\u603b\u9501\u5b9a\u4ef7\u503c\uff09\u5f00\u59cb\u7a33\u6b65\u4e0a\u5347\uff0c\u4e00\u5ea6\u6210\u4e3aTVL\u6700\u5927\u7684\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff0c\u5728\u4eca\u5e74\u5e74\u521d\u6700\u9ad8\u66fe\u8d85\u8fc7240\u4ebf\u7f8e\u5143\u3002\u6839\u636e<a href=\"https:\/\/defillama.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">DeFiLlama<\/a>\u7684\u6570\u636e\uff0c\u5728\u7ecf\u5386\u4e86\u6574\u4e2a\u52a0\u5bc6\u4e16\u754c\u52a8\u8361\u7684\u4e00\u5e74\u540e\uff0c\u8be5\u534f\u8bae\u76ee\u524d\u9501\u5b9a\u7684TVL \u4ecd\u5c45\u5404\u5927DeFi\u534f\u8bae\u524d\u5217\uff0c\u7ea6\u4e3a41 \u4ebf\u7f8e\u5143\uff0c\u8fd1\u671f\u6bcf\u65e5\u4ea4\u6613\u91cf\u57282\u4ebf\u7f8e\u5143\u3002<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/nZAU6mti6a.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\" width=\"731\" height=\"324\">DeFi\u534f\u8baeTVL\u6392\u540d<\/pre>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/Xe56E9g7Xh.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Curve \u534f\u8baeTVL\u4e0e\u539f\u751f\u4ee3\u5e01$CRV \u5e02\u503c\u8d70\u52bf<\/pre>\n\n\n\n<h4 class=\"wp-block-heading\">1.1 Curve \u81ea\u52a8\u505a\u5e02\u8bbe\u8ba1<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Curve \u6700\u521d\u9488\u5bf9\u7a33\u5b9a\u8d44\u4ea7\u4ea4 \u6613\u8bbe\u8ba1\uff0c\u5728\u5176\u6700\u521d\u767d\u76ae\u4e66&nbsp;<strong><a href=\"https:\/\/classic.curve.fi\/files\/stableswap-paper.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">StableSwap &#8211; efficient mechanism for Stablecoin liquidity<\/a><\/strong>\u4e2d\u4ecb\u7ecd\u4e86Curve\u7684AMM\u7b56\u7565\uff0c\u4f7f\u5f97\u4ea4\u6613\u8005\u53ef\u4ee5\u5728\u7a33\u5b9a\u5e01\u5bf9\u4e4b\u95f4\u5feb\u901f\u4ea4\u6613\uff0c\u800c\u4e14\u82b1\u8d39\u66f4\u5c11\u7684\u8d39\u7528\u548c\u6ed1\u70b9\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.1.1 AMM\u7b80\u4ecb<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u81ea\u52a8\u505a\u5e02\u5546\uff08AMM\uff09\u662f\u9a71\u52a8\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\u7684\u5e95\u5c42\u57fa\u7840\u8bbe\u65bd\u3002<a href=\"https:\/\/uniswap.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Uniswap<\/a>\u4ee5<strong>x*y=k<\/strong>\u5f00\u542fAMM\u7eaa\u5143\uff0c\u7528\u6700\u7b80\u5355\u7684\u6570\u5b66\u6cd5\u5219\u5b9e\u73b0\u53bb\u4e2d\u5fc3\u5316\u94fe\u4e0a\u4ea4\u6613\uff0c\u5728\u6ca1\u6709\u4e2d\u5fc3\u5316\u6258\u7ba1\u65b9\u7684\u60c5\u51b5\u4e0b\u5373\u53ef\u8fdb\u884c\u4ee3\u5e01\u4e92\u6362\uff0c\u4e14\u4eba\u4eba\u90fd\u53ef\u4ee5\u6210\u4e3a\u6d41\u52a8\u6027\u63d0\u4f9b\u5546\u3002\u6b64\u7c7b\u81ea\u52a8\u505a\u5e02\u65b9\u5f0f\u79f0\u4e3a\u6052\u5b9a\u4e58\u79ef\u505a\u5e02\u5546\u6a21\u578b\uff0c\u7b80\u79f0CPMM\uff08Constant Product Market Maker\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5047\u8bbe\u4ea4\u6613\u5bf9\u662fA\u548cB\u4e24\u79cd\u4ee3\u5e01\uff0c\u5176\u4e2dx\u662f\u6d41\u52a8\u6027\u6c60\u4e2dA\u7684\u603b\u6d41\u901a\u6570\u91cf\uff0cy\u662fB\u7684\u603b\u6d41\u901a\u6570\u91cf\uff0c\u5728\u4e0d\u589e\u52a0\u6216\u51cf\u5c11\u6d41\u52a8\u6027\u7684\u60c5\u51b5\u4e0b\uff0c\u65e0\u8bba\u4ea4\u6613\u591a\u5c11\u6b21\uff0cx\u548cy\u7684\u4e58\u79efk\u90fd\u662f\u6052\u5b9a\u5e38\u6570k\u3002\u6240\u4ee5A\u548cB\u7684\u6570\u91cf\u5173\u7cfb\u662f\u8fd9\u6837\u4e00\u4e2a\u53cd\u6bd4\u7684\u66f2\u7ebf\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/623GNJ41G2.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">\u6052\u5b9a\u4e58\u79ef\u505a\u5e02\u5546\u6a21\u578b<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c3d\u7ba1Uniswap\u548c\u521d\u4ee3CPMM\u8ba9AMM\u53d6\u5f97\u4e86\u6781\u5927\u8fdb\u5c55\uff0c\u4f46\u4ecd\u7136\u5b58\u5728\u4e00\u4e9b\u7f3a\u9677\uff0c\u6bd4\u5982\uff1a<strong>\u6ed1\u70b9\u548c\u65e0\u5e38\u635f\u5931<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.1.2 \u65e0\u5e38\u635f\u5931<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u65e0\u5e38\u635f\u5931\uff08Impermanent Loss\uff09<\/strong>\u662f\u6307\u6301\u7528\u6237\u5411AMM\u8d44\u91d1\u6c60\u6dfb\u52a0\u6d41\u52a8\u6027\u540e\uff0c\u5f53\u4ef7\u683c\u4e0a\u6da8\u6216\u8005\u4e0b\u8dcc\u65f6\uff0cAMM\u5c06\u81ea\u52a8\u51fa\u552e\u4e0a\u6da8\u4ee3\u5e01\uff0c\u5e76\u88ab\u5176\u4ed6\u8d44\u4ea7\u53d6\u4ee3\uff0c\u4ee5\u786e\u4fdd\u6d41\u52a8\u6027\u6c60\u7ef4\u6301\u5176\u9884\u8bbe\u6bd4\u7387\u3002\u7528\u6237\u64a4\u51fa\u6d41\u52a8\u6027\u540e\u6240\u5f97\u7684\u8d44\u4ea7\u4e0e\u5355\u7eaf\u6301\u6709\u76f8\u6bd4\u4f1a\u51fa\u73b0\u4e00\u5b9a\u7684\u635f\u5931\uff0c\u8fd9\u4e2a\u635f\u5931\u53eb\u505a\u65e0\u5e38\u635f\u5931\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u5047\u8bbe\u5f53\u524d\u6d41\u52a8\u6027\u6c60\u4e3a ETH-USDT\uff0c\u8d77\u521d 1 $ETH = 100 $USDT\uff0c\u5f80\u6d41\u52a8\u6027\u6c60\u4e2d\u540c\u65f6\u6dfb\u52a0 10 \u4e2a $ETH \u548c 1000 \u4e2a $USDT \u4f5c\u4e3aLP\uff08Liquidity Provider\uff09\uff0c\u90a3\u4e48\u4ee3\u5e01\u6570\u91cf\u4e58\u79ef\u6052\u5b9a\u5e38\u6570 k = 10 * 1000 = 10000\uff0cLP\u603b\u4ef7\u503c\u4e3a2000 $USDT\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fc7\u4e86\u4e00\u6bb5\u65f6\u95f4\u540e\uff0c\u5982\u679c\u5916\u90e8 $ETH \u4ef7\u683c\u4e0a\u5347\u53d8\u6210 400 $USDT\uff0c\u5957\u5229\u8005\u5c06\u901a\u8fc7\u8be5\u6d41\u52a8\u6027\u6c60\u4e0d\u65ad\u5c06$ETH \u5151\u6362\u6210 $USDT\uff0c\u76f4\u5230\u6d41\u52a8\u6027\u6c60\u7684 $ETH \u7684\u4ef7\u683c\u4e0e\u5916\u90e8\u4fdd\u6301\u4e00\u81f4\uff0c\u8fd9\u4e24\u79cd\u4ee3\u5e01\u5728\u8d44\u91d1\u6c60\u4e2d\u7684\u6bd4\u7387\u5c06\u968f\u4e4b\u6539\u53d8\u3002\u5957\u5229\u7ed3\u675f\u540e\uff0c\u6c60\u5b50\u4e2d\u73b0\u6709 5 \u4e2a $ETH \u548c 2000\u4e2a $USDT\uff0c\u6b64\u65f6\u4ee3\u5e01\u6570\u91cf\u4e58\u79ef 5 * 2000 = 10000 \u4ecd\u4e3a\u5e38\u6570k\uff0c\u800cLP\u7684\u603b\u4ef7\u503c\u53d8\u6210\u4e864000 $USDT\u3002\u7136\u800c\uff0c\u5982\u679c\u4e00\u5f00\u59cb\u4e0d\u6dfb\u52a0\u6d41\u52a8\u6027\uff0c\u800c\u662f\u4e00\u76f4\u6301\u670910\u4e2a$ETH\u548c1000\u4e2a $USDT\uff0c\u6b64\u65f6\u7684\u603b\u4ef7\u503c\u5c06\u53d8\u6210 5000 $USDT\u3002\u5355\u72ec\u6301\u6709\u4ee3\u5e01\u4e0e\u901a\u8fc7AMM\u8d44\u91d1\u6c60\u505a\u5e02\u4e4b\u95f4\u7684\u4ef7\u5dee\u5373\u4e3a\u65e0\u5e38\u635f\u5931\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.1.3 \u6ed1\u70b9<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6ed1\u70b9\uff08slippage\uff09\u662f\u6307\u4ea4\u6613\u7684\u9884\u671f\u4ef7\u683c\u4e0e\u6267\u884c\u4ea4\u6613\u7684\u5b9e\u9645\u4ef7\u683c\u4e4b\u95f4\u7684\u5dee\u989d\u3002\u9274\u4e8e\u52a0\u5bc6\u8d27\u5e01\u7684\u6ce2\u52a8\u6027\uff0c\u6bcf\u4e2a\u4ee3\u5e01\u7684\u4ef7\u683c\u4f1a\u56e0\u4e3a\u4ea4\u6613\u91cf\u548c\u6d3b\u52a8\u800c\u4ea7\u751f\u6ce2\u52a8\u3002\u6700\u5e38\u89c1\u7684\u662f\uff0c<strong>\u6d41\u52a8\u6027\u5c0f\u6216\u7a81\u7136\u9762\u4e34\u5927\u4ea4\u6613\u91cf\u7684\u8d44\u91d1\u6c60\u66f4\u5bb9\u6613\u53d7\u5230\u6ed1\u70b9\u7684\u5f71\u54cd<\/strong>\u3002\u6ed1\u70b9\u767e\u5206\u6bd4\u663e\u793a\u7279\u5b9a\u8d44\u4ea7\u7684\u4ef7\u683c\u5728\u6574\u4e2a\u4ea4\u6613\u4e2d\u504f\u79fb\u4e86\u591a\u5c11\uff0c\u540c\u65f6\u4e5f\u4ee3\u8868\u4e86\u7528\u6237\u5bf9\u6ed1\u70b9\u7684\u5bb9\u5fcd\u5ea6\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CSMM\uff08Constant Sum Market Maker\uff0c\u6052\u5b9a\u603b\u548c\u505a\u5e02\u5546\uff09\u53ef\u4ee5\u7528\u6765\u89e3\u51b3\u6ed1\u70b9\u95ee\u9898\uff0cCSMM\u5f3a\u5236\u6c60\u4e2d\u4e24\u79cd\u8d44\u4ea7\u7684\u603b\u91cf\u4e00\u81f4\uff0c\u9075\u5faa\u516c\u5f0f x+y=k\uff0c\u53ef\u4ee5\u7528\u4e00\u6761\u76f4\u7ebf\u6765\u8868\u793a\u3002\u6839\u636e AMM \u7684\u4ef7\u683c\u8ba1\u7b97\u516c\u5f0f Price = dy\/dx \u4e5f\u59cb\u7ec8\u63a5\u8fd1\u4e8e1\uff0c\u4e5f\u5c31\u610f\u5473\u7740\u5728\u8fd9\u4e9b\u70b9\u4e0a\u4ea7\u751f\u7684\u4ea4\u6613\u5177\u6709\u6781\u5c0f\u7684\u6ed1\u70b9\u3002<strong>\u975e\u5e38\u9002\u5408\u4ea4\u6613\u4e2d\u4ef7\u683c\u53d8\u5316\u63a5\u8fd1\u4e8e\u96f6\u7684\u573a\u666f\uff0c\u4ece\u800c\u663e\u8457\u964d\u4f4e\u4e86\u53d1\u751f\u6ed1\u70b9\u7684\u673a\u4f1a<\/strong>\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/1249Tnln0I.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">\u6052\u5b9a\u603b\u548c\u505a\u5e02\u5546\u6a21\u578b<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u91c7\u7528\u6052\u5b9a\u548c\u53ef\u4ee5\u6d88\u9664\u6ed1\u70b9\u98ce\u9669\uff0c\u5e76\u80fd\u6709\u6548\u7a33\u5b9a\u4ef7\u683c\u6ce2\u52a8<\/strong>\u3002\u4f46\u5f53\u51fa\u73b0\u94fe\u4e0b\u4ef7\u683c\u4e0e\u6c60\u4e2d\u7684\u4ee3\u5e01\u4ef7\u683c\u4e0d\u5339\u914d\u65f6\uff0c\u8fd9\u79cd\u8bbe\u8ba1\u4f1a\u4f7f\u4ea4\u6613\u8005\u548c\u5957\u5229\u8005\u6709\u673a\u4f1a\u6d88\u8017\u6389\u6c60\u4e2d\u50a8\u5907\u91d1\uff0c\u7834\u574f\u6d41\u52a8\u6027\u6c60\u7684\u7a33\u5b9a\uff0c\u4f7f\u6d41\u52a8\u6027\u6c60\u4e2d\u7684\u8d44\u4ea7\u96c6\u4e2d\u5230\u4e86\u67d0\u4e00\u79cd\u8d44\u4ea7\u4e2d\uff0c\u5373<strong>\u6d41\u52a8\u6027\u67af\u7aed<\/strong>\u3002\u56e0\u6b64\uff0c\u6052\u5b9a\u548c\u505a\u5e02\u5546\u5e76\u4e0d\u662f\u4e00\u4e2a\u5e38\u89c1\u7684 AMM \u6a21\u578b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.1.4 Curve\u7684\u4f18\u5316AMM<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e3a\u4e86\u89e3\u51b3CPMM\u6ed1\u70b9\u8f83\u5927\u4ee5\u53caCSMM\u6d41\u52a8\u6027\u67af\u7aed\u95ee\u9898\uff0cCurve AMM<strong>\u5145\u5206\u501f\u9274\u4f7f\u7528 CPMM \u548c CSMM<\/strong>\u6765\u521b\u5efa\u66f4\u5bc6\u96c6\u7684\u6d41\u52a8\u6027\uff0c\u4ece\u800c\u964d\u4f4e\u7ed9\u5b9a\u4ea4\u6613\u8303\u56f4\u5185\u7684\u6ed1\u70b9\u3002\u5728<strong>\u66f2\u7ebf\u7684\u5e73\u8861\u70b9\u9644\u8fd1\u521b\u5efa\u4e00\u6761\u76f8\u5bf9\u5e73\u5766\u7684\u66f2\u7ebf\uff0c\u7c7b\u4f3c\u4e8e\u6052\u5b9a\u603b\u548c\u51fd\u6570\uff0c\u4ee5\u4fdd\u6301\u4ef7\u683c\u76f8\u5bf9\u7a33\u5b9a<\/strong>\uff0c\u540c\u65f6<strong>\u4f7f\u4e24\u7aef\u66f4\u52a0\u503e\u659c\uff0c\u7c7b\u4f3c\u4e8e\u6052\u5b9a\u4e58\u79ef\u51fd\u6570\uff0c\u56e0\u6b64\u5728\u66f2\u7ebf\u7684\u6bcf\u4e2a\u70b9\u90fd\u6709\u6d41\u52a8\u6027<\/strong>\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/mQ182lppRo.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Curve AMM\u6a21\u578b\u4e0eCPMM\u3001CSMM\u6a21\u578b\u5bf9\u6bd4<\/pre>\n\n\n\n<h4 class=\"wp-block-heading\">1.2 Curve vs Uniswap<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f5c\u4e3a\u4f7f\u7528\u91cf\u6700\u5927\u7684\u4e24\u4e2aDEX\uff0c<strong>Curve<\/strong>\u4e0e<strong>Uniswap<\/strong>\u7a76\u7adf\u8c01\u66f4\u5360\u4f18\u52bf\uff1f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9996\u5148\u7528Uniswap\u7684\u603b\u4f53\u8868\u73b0\u6765\u4e0eCurve\u76f8\u6bd4\u662f\u6ca1\u6709\u610f\u4e49\u7684\uff0c\u56e0\u4e3aUniswap\u662f\u65e0\u9700\u8bb8\u53ef\u7684\u5e76\u4e14\u53ef\u4ee5\u652f\u6301\u65e0\u9650\u6570\u91cf\u7684\u6d41\u52a8\u6027\u6c60\uff0c\u800cCurve\u7684\u6c60\u5b50\u9700\u8981\u8fdb\u884c\u6295\u7968\u901a\u8fc7\u3002\u6211\u4eec\u53ef\u4ee5\u901a\u8fc7\u6548\u7387\u548c\u6ed1\u70b9\u3001\u6ce2\u52a8\u6027\u4ee3\u5e01\u5bf9\u3001\u5408\u6210\u8d44\u4ea7\u4ea4\u6613\u5bf9\u7b49\u65b9\u9762\u6765\u8fdb\u884c\u5bf9\u6bd4\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.2.1 \u6548\u7387\u548c\u6ed1\u70b9<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Curve\u66f4\u4e13\u6ce8\u4e8e\u7a33\u5b9a\u5e01\u4ea4\u6362\uff0c\u56e0\u6b64\u4f7f\u7528\u6210\u672c\u66f4\u4f4e<\/strong>\u3002\u5f97\u76ca\u4e8eCurve\u7684\u673a\u5236\u548c\u9879\u76ee\u65b9\u5408\u4f5c\uff0c\u6709\u66f4\u591a\u79cd\u7c7b\u7684\u7a33\u5b9a\u5e01\u548c\u5408\u6210\u8d44\u4ea7\u5230Curve\u4e0a\u7ec4\u5efa\u6d41\u52a8\u6027\u6c60\uff0c\u5bf9\u4e8e\u5927\u90e8\u5206\u7a33\u5b9a\u5e01\u4ea4\u6613\u5bf9\uff0c\u5728Curve\u4e0a\u53ef\u4ee5\u76f4\u63a5\u76f8\u4e92\u4ea4\u6613\uff0c\u800c\u5728Uniswap\u53ef\u80fd\u53d1\u751f\u4e24\u6b21\u4ea4\u6613\uff1a\u7a33\u5b9a\u5e011\u6362\u6210$ETH\uff0c$ETH\u518d\u88ab\u6362\u6210\u7a33\u5b9a\u5e012\u3002\u56e0\u6b64\uff0c\u4f5c\u4e3a\u4ea4\u6613\u8005\u5c06\u4ea7\u751f<strong>\u53cc\u500d\u7684\u4ea4\u6613\u8d39\u7528<\/strong>\u3002\u53e6\u5916\u901a\u8fc7\u9650\u5236\u6c60\u548c\u6bcf\u4e2a\u6c60\u4e2d\u7684\u8d44\u4ea7\u7c7b\u578b\uff0c\u4e0d\u6613\u53d7\u6ce2\u52a8\u8d44\u4ea7\u4ef7\u683c\u53d8\u52a8\u5f71\u54cd\uff0cCurve\u6700\u5927\u9650\u5ea6\u5730\u51cf\u5c11\u4e86<strong>\u65e0\u5e38\u635f\u5931<\/strong>\u3002\u4f46\u662f\u4f9d\u65e7\u5b58\u5728\u4e00\u4e9b\u65e0\u6cd5\u76f4\u63a5\u5151\u6362\u7684\u60c5\u51b5\uff0c\u6bd4\u5982usdt\u548cyusdt\u65e0\u6cd5\u76f4\u63a5\u5151\u6362\u7b49<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.2.2 \u7a33\u5b9a\u5e01\u5e02\u573a<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728<a href=\"https:\/\/uniswap.org\/blog\/uniswap-v3\" target=\"_blank\" rel=\"noreferrer noopener\">Uniswap V3<\/a>\u66f4\u65b0\u4e4b\u524d\uff0cCurve\u7531\u4e8e\u66f4\u5c11\u7684\u6ed1\u70b9\u3001\u66f4\u9ad8\u7684\u6d41\u52a8\u6df1\u5ea6\u3001\u66f4\u5c11\u7684\u8d39\u7528\u3001\u66f4\u5c11\u7684\u65e0\u5e38\u635f\u5931\uff0c\u662f\u7a33\u5b9a\u5e01\u4ea4\u6613\u5e02\u573a\u5f53\u4e4b\u65e0\u6127\u7684\u9f99\u5934\u3002Uniswap V3 \u63d0\u51fa\u4e86<strong>\u96c6\u4e2d\u6d41\u52a8\u6027<\/strong>\uff0c\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\u53ef\u4ee5\u9009\u62e9\u8bbe\u5b9a\u4ee3\u5e01\u7684\u4ef7\u683c\u8303\u56f4\uff0c\u8fd9\u4e5f\u4f18\u5316\u4e86 LP \u7684\u4ea4\u6613\u8d39\u7528\u4ea7\u751f\u3002\u56e0\u800c\u5728\u5347\u7ea7\u4e4b\u540e\uff0cUniswap\u5728\u7a33\u5b9a\u5e01\u5e02\u573a\u7684\u4efd\u989d\u4e0d\u65ad\u5347\u9ad8\u3002\u76ee\u524dUniswap\u5728\u7a33\u5b9a\u5e01\u5e02\u573a\u4efd\u989d\u4e0a\u5df2\u7ecf\u7565\u5360\u4f18\u52bf\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/JxPLcYlFUN.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Curve\u4e0eUniswap\u7a33\u5b9a\u5e01\u4ea4\u6613\u4efd\u989d\u53d8\u5316<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.2.3 \u6ce2\u52a8\u6027\u8d44\u4ea7<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5bf9\u4e8eUniswap\uff0c\u7a33\u5b9a\u5e01\u53ea\u5360Uniswap V3\u8fc7\u53bb\u4e00\u5e74\u4ea4\u6613\u91cf\u768414%\uff0c\u5c3d\u7ba1<a href=\"https:\/\/resources.curve.fi\/base-features\/understanding-crypto-pools\" target=\"_blank\" rel=\"noreferrer noopener\">Curve V2<\/a>\u4f18\u5316\u4e86\u975e\u7a33\u5b9a\u5e01\u4ea4\u6613\u4f53\u9a8c\u5f00\u542f\u4e86\u6ce2\u52a8\u6027\u8d44\u4ea7\u4ea4\u6613\u7684\u65b0\u5f81\u7a0b\uff0c\u4f46\u662f\u5bf9\u4e8e $BTC\/$ETH\u7b49\u4e3b\u8981\u7684\u6ce2\u52a8\u6027\u8d27\u5e01\u5bf9\uff0cUniswap\u662f\u6beb\u65e0\u4e89\u8bae\u7684\u9738\u4e3b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.2.4 \u5408\u6210\u8d44\u4ea7<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Curve\u662f\u5305\u62ec $stETH\u3001$sETH\u548c $renBTC\u5728\u5185\u7684 ETH\/BTC \u7b49\u5408\u6210\u8d44\u4ea7\u7684\u660e\u663e\u8d62\u5bb6<\/strong>\uff0c\u5bf9\u4e8e\u4e0d\u540c\u7c7b\u578b\u201c\u7968\u636e\u201d\u5e02\u573a\u6709\u5145\u8db3\u6d41\u52a8\u6027\u3002Curve\u5360stETH\u65e5\u4ea4\u6613\u91cf\u768465% (\u800cUniswap\u4ec5\u4e3a2%)\uff0c\u800c\u5360 $renBTC\u65e5\u4ea4\u6613\u91cf\u768484% (\u800cUniswap\u4e3a14%)\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fd9\u4e9b\u90fd\u5f97\u76ca\u4e8eCurve\u4e0e\u5404\u9879\u76ee\u65b9\u826f\u597d\u7684\u5408\u4f5c\u5173\u7cfb\u3002\u7531\u4e8e\u5145\u8db3\u7684\u6d41\u52a8\u6027\/LP\u6fc0\u52b1\uff0cCurve\u5f97\u4e86\u4ee5\u592a\u574a 2.0 \u8d28\u62bc\u534f\u8bae<a href=\"https:\/\/lido.fi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lido<\/a>\u7684\u652f\u6301\uff0c\u6210\u4e3a\u534a\u5b98\u65b9\u7684 $stETH \u6c60\u3002\u540c\u6837\uff0cCurve\u5728 $sETH \u548c $renBTC\u4e0a\u7684\u6536\u76ca\u6765\u81ea\u4e8e\u4e0e<a href=\"https:\/\/synthetix.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Synthetix<\/a>\u548c<a href=\"https:\/\/renproject.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ren<\/a>\u7b49\u5408\u6210\u8d44\u4ea7\u53d1\u884c\u5546\u7684\u957f\u671f\u5408\u4f5c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u8fc7\uff0c\u5408\u6210\u8d44\u4ea7\u76ee\u524d\u5728Curve\u4e0a\u7684\u65e5\u4ea4\u6613\u91cf\u76f8\u6bd4Uniswap\u7684\u603b\u4f53\u4ea4\u6613\u91cf\u4e0d\u8db32% \u3002\u867d\u7136\u5408\u6210\u8d44\u4ea7\u672a\u6765\u7684\u589e\u957f\u53ef\u80fd\u4f1a\u4f7fCurve\u53d7\u76ca\uff0c\u4f46\u4e0e\u6ce2\u52a8\u6027\u8d44\u4ea7\u548c\u7a33\u5b9a\u5e01\u5e02\u573a\u76f8\u6bd4\uff0c\u5360\u6bd4\u5fae\u4e0d\u8db3\u9053\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.2.5 \u534f\u8bae\u6536\u5165<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Curve\u4e2d\u6240\u6709\u4ee3\u5e01\u7684\u4ee3\u5e01\u4ea4\u6362\u8d39\u7528\u7edf\u4e00\u4e3a0.04%\uff0c\u5b58\u53d6\u6b3e\u624b\u7eed\u8d39\u57280% &#8211; 0.02%\u4e4b\u95f4\u3002\u800cUniswap\u5728V3\u5347\u7ea7\u540e\u4ea4\u6613\u624b\u7eed\u8d39\u53ef\u7528\u7531\u7528\u6237\u81ea\u5df1\u5b9a\u4e49\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6839\u636e<a href=\"http:\/\/cryptofees.info\/\" target=\"_blank\" rel=\"noreferrer noopener\">cryptofees.info<\/a>\u6570\u636e\uff0cUniswap\u8fd1\u671f\u5e73\u5747\u65e5\u6536\u5165\u8fbe\u523065\u4e07\u7f8e\u5143\uff0c\u800cCurve\u5e73\u5747\u534f\u8bae\u65e5\u6536\u5165\u4e3a6\u4e07\u7f8e\u5143\u3002\u4f46Uniswap\u7684\u6536\u5165\u5168\u90e8\u652f\u4ed8\u7ed9\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\uff0c\u5176\u4ee3\u5e01 $UNI \u6301\u6709\u8005\u6240\u83b7\u6536\u76ca\u4e3a\u96f6\u3002\u800cCurve\u534f\u8bae\u6536\u5165\u4e00\u534a\u5c06\u5206\u914d\u7ed9 $CRV \u4ee3\u5e01\u8d28\u62bc\u8005\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/cLNdw5U6s4.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Curve \u534f\u8bae\u8fd1\u671f\u6536\u76ca\u60c5\u51b5<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u603b\u800c\u8a00\u4e4b\uff0c<strong>Curve\u548cUniswap\u90fd\u662f\u8d62\u5bb6\uff0c\u4f46\u7531\u4e8e\u73b0\u9636\u6bb5\u4e8c\u8005\u7684\u4fa7\u91cd\u70b9\u4e0d\u4e00\u6837\uff0c\u5b83\u4eec\u53d6\u5f97\u80dc\u5229\u7684\u5e02\u573a\u4e0d\u540c<\/strong>\u3002Uniswap\u5728\u7a33\u5b9a\u5e01\u5e02\u573a\u4e2d\u4e0eCurve\u5904\u4e8e\u5bf9\u5cd9\u72b6\u6001\uff0c\u867d\u7136\u5728\u6ce2\u52a8\u6027\u8d27\u5e01\u5bf9\u4e2d\u5360\u4e3b\u5bfc\u5730\u4f4d\uff0c\u4f46\u5728\u5408\u6210\u8d44\u4ea7\u5e02\u573a\u5219\u5b8c\u5168\u5931\u5229\u3002\u4e0d\u8fc7\uff0cCurve\u8fd8\u6709\u66f4\u52a0\u91cd\u8981\u7684\u529f\u80fd\uff0c\u90a3\u5c31\u662f<strong>\u4e3a\u7a33\u5b9a\u5e01\u9879\u76ee\u65b9\u63d0\u4f9b\u94f8\u5e01\u4fe1\u7528<\/strong>\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e8c\u3001Curve\u751f\u6001<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f88\u591a\u4eba\uff0c\u81f3\u4eca\u8fd8\u53ea\u628aCurve\u7b80\u5355\u7406\u89e3\u4e3a\u4e00\u4e2a\u7a33\u5b9a\u5e01\u4ea4\u6613\u5e02\u573a\uff0c\u5176\u5b9e\uff0cCurve\u5df2\u7ecf\u53d1\u5c55\u6210<strong>\u4e00\u4e2a\u7b80\u6d01\u4e14\u5e9e\u5927\u7684\u4ee5DAO\u6cbb\u7406\u9a71\u52a8\u7684\u8d44\u4ea7\u6d41\u52a8\u6027\u5373\u670d\u52a1\u7684\u534f\u8bae<\/strong>\u3002\u8bb8\u591a\u9879\u76ee\u4e3a\u4e86\u964d\u4f4e\u6d41\u52a8\u6027\u6210\u672c\uff0c\u90fd\u4f1a\u4e3b\u52a8\u62e5\u62b1Curve\u751f\u6001\uff0c\u800c\u8fd9\u4e00\u5207\u90fd\u6e90\u4e8eCurve\u6559\u79d1\u4e66\u822c\u7684\u4ee3\u5e01\u7ecf\u6d4e\u5b66\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">2.1 $CRV \u4ee3\u5e01<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u81ea2020\u5e748\u6708\u5f00\u59cb\uff0c<strong>Curve\u901a\u8fc7\u542f\u52a8DAO\u4ece\u800c\u5f00\u542f\u4e86\u53bb\u4e2d\u5fc3\u5316\u6cbb\u7406\u4e4b\u8def<\/strong>\u3002\u540c\u5176\u4ed6DAO\u4e00\u6837\uff0c\u968f\u5373\u57282020\u5e748\u670813\u65e5\uff0cCurve \u63a8\u51fa\u4e86<strong>\u539f\u751f\u4ee3\u5e01 $CRV \u4f5c\u4e3aCurve DAO\u7684\u6cbb\u7406\u4ee3\u5e01<\/strong>\uff0c\u521d\u59cb\u53d1\u884c\u6570\u91cf\u4e3a13\u4ebf\uff0c\u5e76\u5f00\u542f\u521d\u59cb\u9884\u6316\u7684\u5956\u52b1\u5206\u53d1\u6d3b\u52a8\uff0c\u9884\u6316\u5956\u52b1\u7684\u4ee3\u5e01\u5c06\u5728\u4e00\u5e74\u5185\u7ebf\u6027\u89e3\u9501\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>$CRV \u4ee3\u5e01\u8d4b\u4e88\u4ee3\u5e01\u6301\u6709\u8005\u6295\u7968\u6cbb\u7406\u6743<\/strong>\uff0c\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\u4e5f\u53ef\u4ee5\u6839\u636e\u4ed6\u4eec\u7684\u4efd\u989d\u4ef7\u503c\u548c\u5b83\u5728\u6c60\u4e2d\u7684\u65f6\u95f4\u957f\u5ea6\u6765\u8d5a\u53d6CRV\u4ee3\u5e01\u3002\u6b64\u540e\u57282020\u5e749\u6708\u53c8\u542f\u52a8\u4e86\u6cbb\u7406\u4ee3\u5e01\u5206\u7ea2\u673a\u5236\uff0c\u5c06\u4ea4\u6613\u8d39\u768450%\u5206\u914d\u7ed9\u5c06CRV\u5b58\u5165\u6cbb\u7406\u5408\u7ea6\u9501\u4ed3\u7684\u7528\u6237\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$CRV\u603b\u91cf\u4e3a30.3\u4ebf\uff0c\u76ee\u524d\u5df2\u7ecf\u91ca\u653e $CRV \u603b\u91cf\u8d85\u4e3a 15 \u4ebf\u4e2a\uff0c\u65e5\u5747\u91ca\u653e\u7684 CRV \u7ea6\u4e3a 108 \u4e07\u4e2a\u3002\u5206\u914d\u65b9\u5f0f\u5982\u4e0b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>62%\u7ed9\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\uff0c5%\u7ed9\u65e9\u671fLP\u63d0\u4f9b\u8005\uff0c1\u5e74\u5185\u7ebf\u6027\u89e3\u9501<\/li>\n\n\n\n<li>30%\u7ed9\u80a1\u4e1c\uff0c\u57282-4\u5e74\u5185\u7ebf\u6027\u89e3\u9501<\/li>\n\n\n\n<li>5%\u53ef\u71c3\u50a8\u91cf\uff0c\u4f5c\u4e3a\u793e\u533a\u50a8\u5907<\/li>\n\n\n\n<li>3%\u7ed9\u56e2\u961f\u6210\u5458\uff0c\u57282\u5e74\u5185\u7ebf\u6027\u89e3\u9501<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/Uc9ravEior.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">$CRV \u4ee3\u5e01\u4f9b\u5e94\u5206\u914d\u4e0e\u65f6\u95f4\u8868<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">$CRV\u4ee3\u5e01\u53ef\u4ee5\u5728Curve \u751f\u6001\u7cfb\u7edf\u4e2d\u626e\u6f14\u4ee5\u4e0b\u89d2\u8272\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6cbb\u7406\u6295\u7968\uff1a\u9501\u5b9a $CRV \u83b7\u53d6 $veCRV \u901a\u8fc7\u65f6\u95f4\u52a0\u6743\u6295\u7968\u673a\u5236\u53c2\u4e0e\u534f\u8bae\u7684\u6cbb\u7406\u3002<\/li>\n\n\n\n<li>\u4ef7\u503c\u6355\u83b7\u673a\u5236\uff1a\u901a\u8fc7 $veCRV \u6cbb\u7406\u6295\u7968\u673a\u5236\u4fc3\u8fdb\u5404\u79cd\u6d41\u52a8\u6027\u6c60\u3002<\/li>\n\n\n\n<li>\u9501\u5b9a\u6fc0\u52b1\uff1a\u4f5c\u4e3a\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u8d5a\u53d6\u4ef7\u503c\u7684\u9501\u5b9a\u673a\u5236\u3002<\/li>\n\n\n\n<li>\u8d39\u7528\u9500\u6bc1\uff1a\u7528\u4e8e\u71c3\u70e7\u4ea4\u6613\u8d39\u7528\u4ee5\u964d\u4f4e\u901a\u8d27\u81a8\u80c0\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">2.2 $veCRV \u4ee3\u5e01<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Curve \u8bbe\u8ba1\u4e86\u8457\u540d\u7684 VeToken\uff08Vote-Escrowed Tokens\uff09 \u6a21\u578b\uff0c\u9501\u5b9a $CRV \u53ef\u4ee5\u6839\u636e\u65f6\u95f4\u52a0\u6743\u83b7\u5f97\u6295\u7968\u4ee3\u5e01 $veCRV\uff0c\u9501\u5b9a\u65f6\u95f4\u8d8a\u957f\uff0c\u83b7\u5f97\u7684 $veCRV \u6570\u91cf\u8d8a\u591a\uff0c1 $CRV \u9501\u5b9a 4 \u5e74\u5c31\u80fd\u83b7\u5f97 1 $veCRV\uff0c\u800c\u9501\u5b9a\u4e00\u5e74\u53ea\u80fd\u83b7\u5f97 0.25 veCRV\u3002<strong>$veCRV \u4e0d\u80fd\u8f6c\u8d26\uff0c\u56e0\u6b64\u83b7\u53d6 $veCRV \u7684\u552f\u4e00\u65b9\u5f0f\u5c31\u662f\u9501\u5b9a $CRV<\/strong>\u3002\u76ee\u524d 48.94% \u7684 $CRV \u5df2\u88ab\u9501\u5b9a\uff0c\u5e73\u5747\u9501\u5b9a\u5e74\u9650\u57283.6\u5e74\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/wE7yEt195I.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">\u9501\u5b9a $CRV \u83b7\u53d6 $veCRV \u89c4\u5219<\/pre>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/Fne6K44tNe.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">$CRV \u9501\u5b9a\u60c5\u51b5<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u8fc7\u9501\u4ed3 $CRV \u83b7\u5f97\u7684 $veCRV \u4e3b\u8981\u6709\u4ee5\u4e0b\u4e09\u79cd\u7528\u9014:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4ea4\u6613\u8d39<\/strong>0.03% Curve\u4ea4\u6613\u8d39\u7528\u4e2d\u7684\u5176\u4ed650%\u5206\u914d\u7ed9 $veCRV\u6301\u6709\u4eba\u3002\u4ee5\u56de\u8d2dCurve 3Pool\u7a33\u5b9a\u6c60\uff08\u5373DAI+USDC+USDT \u8d44\u91d1\u6c60\uff09\u7684LP Token $3Crv \u7684\u65b9\u5f0f\u56de\u9988\u7ed9 $veCRV \u6301\u6709\u8005\u3002<\/li>\n\n\n\n<li><strong>\u5956\u52b1\u589e\u52a0\uff08Boosted rewards\uff09<\/strong>$veCRV \u7684\u6301\u6709\u8005\u5982\u679c\u540c\u65f6\u4e3a\u534f\u8bae\u63d0\u4f9b\u6d41\u901a\u6027\uff0c\u4f1a\u6839\u636e\u8d28\u62bc\u7684\u5e74\u671f\u6700\u9ad8\u83b7\u5f972.5\u500d\u7684\u6d41\u52a8\u6027\u5956\u52b1\uff0c\u8fdb\u800c\u63d0\u9ad8\u63d0\u4f9b\u6d41\u52a8\u6027\u7684\u6574\u4f53\u6536\u76ca\u3002\u5982\u679cLP\u57283pool\u4e2d\u63d0\u4f9b\u6d41\u52a8\u6027\uff0c\u5219\u4ed6\u4eec\u6700\u521d\u5c06\u83b7\u5f970.22%\u7684APR\uff0c\u5982\u679c\u9501\u5b9a $veCRV \u53ef\u5c06\u5956\u52b1\u63d0\u9ad8\u5230\u6781\u96502.5\u500d\uff0c\u53730.55%\u3002<\/li>\n\n\n\n<li><strong>\u6cbb\u7406\u6295\u7968<\/strong>$veCRV \u62e5\u6709\u7740\u6539\u53d8\u201d\u8861\u91cf\u6743\u91cd\u201d\uff08Gauge Weights\uff09\u7684\u6743\u529b\uff0c$veCRV \u5141\u8bb8\u6301\u6709\u4eba\u53c2\u52a0\u793e\u533a\u6295\u7968\u4ee5\u5206\u914dCRV\u5956\u52b1\u6392\u653e\u3002Curve \u9879\u76ee\u6258\u7ba1\u8bb8\u591a\u6d41\u52a8\u6027\u6c60\uff0c\u5e76\u4e14\u6709\u56fa\u5b9a\u6570\u91cf\u7684$CRV \u4ee3\u5e01\u53ef\u7528\u6765\u5956\u52b1\u8fd9\u4e9b\u6d41\u52a8\u6027\u6c60\u4f9b\u5e94\u5546\u3002\u800c\u54ea\u4e2a\u6c60\u83b7\u5f97\u6700\u591a\u7684 $CRV \u5956\u52b1\u53d6\u51b3\u4e8e $veCRV \u6301\u6709\u4eba\u5728DAO\u8fdb\u884c\u7684\u6295\u7968\u3002\u4f5c\u4e3a\u4e2a\u4eba\uff0c$veCRV\u5141\u8bb8\u901a\u8fc7\u6295\u7968\u6743\u5f71\u54cd $CRV \u6536\u5165\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u6b64\u5916\u6301\u6709 $veCRV \u4e5f\u6709\u53ef\u80fd\u83b7\u5f97\u5176\u4ed6\u5408\u4f5c\u9879\u76ee\u7684\u6f5c\u5728\u7a7a\u6295\u673a\u4f1a\u3002\u6211\u4eec\u53ef\u4ee5\u901a\u8fc7\u4ee5\u4e0b\u8fd9\u5f20\u56fe\u6765\u8868\u793a Curve \u751f\u6001\u4e3b\u8981\u4ee3\u5e01\u4e4b\u95f4\u7684\u5173\u7cfb\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/413m1Ki83M.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">$CRV \u4ef7\u503c\u6355\u83b7\u65b9\u5f0f<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5176\u4e2d\u6cbb\u7406\u6295\u7968\u6743\u662f $veCRV \u6700\u4e3a\u91cd\u8981\u7684\u529f\u80fd<\/strong>\u3002\u5bf9\u4e8e\u7a33\u5b9a\u5e01\u9879\u76ee\u800c\u8a00\uff0c\u5982\u679c\u7a33\u5b9a\u5e01\u8d44\u4ea7\u6ce2\u52a8\u5267\u70c8\u6216\u8005\u4ea4\u6613\u6df1\u5ea6\u4e0d\u8db3\uff0c\u9879\u76ee\u7684\u57fa\u7840\u53d7\u5230\u6311\u6218\uff0c\u4e1a\u52a1\u5c06\u968f\u4e4b\u8870\u8d25\u3002\u56e0\u6b64\uff0c\u9879\u76ee\u65b9\u5fc5\u987b\u60f3\u529e\u6cd5\u5728\u4ea4\u6613\u6df1\u5ea6\u6700\u4f73\uff0c\u7a33\u5b9a\u6548\u679c\u6700\u597d\u7684\u5730\u65b9\u6765\u505a\u5e02\uff0c\u4ee5\u6ee1\u8db3\u5de8\u989d\u4ea4\u6613\u4e0b\u4f9d\u65e7\u4fdd\u6301\u4f4e\u6ed1\u70b9\u7684\u4ea4\u6613\u9700\u6c42\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u800c\u76ee\u524d\u6700\u597d\u8fdb\u884c\u505a\u5e02\u7684DEX\u4fbf\u662fCurve\u3002\u8981\u8fdb\u5165Curve\u7684\u6838\u5fc3\u6d41\u52a8\u6027\u6c60\uff0c\u5fc5\u987b\u901a\u8fc7\u793e\u533a\u6295\u7968\u8fbe\u5230\u4e00\u5b9a\u6761\u4ef6\uff1a\u81f3\u5c11\u9700\u89812500\u4e2a $veCRV \u53d1\u8d77\u63d0\u6848\uff08\u76f8\u5f53\u4e8e\u9501\u4ed310000\u4e2a $CRV \u4e00\u5e74\uff09\uff0c30%\u4ee5\u4e0a\u7684 $veCRV \u53c2\u4e0e\u5ea6\uff0c51%\u4ee5\u4e0a\u7684\u652f\u6301\u7387\u3002\u6b64\u5916\uff0c\u6bcf\u4e2a\u77ff\u6c60\u5728Curve\u5e73\u53f0\u4e0a\u7684\u6d41\u52a8\u6027\u6fc0\u52b1\u5c06\u7531\u5176\u62e5\u6709\u7684 $veCRV \u6295\u7968\u6743\u51b3\u5b9a\u3002\u5404\u534f\u8bae\u4e3a\u4e86\u63d0\u9ad8\u81ea\u5df1\u7684\u5e74\u5316\u6536\u76ca\uff0c\u5c31\u4e0d\u5f97\u4e0d\u79ef\u7d2f$veCRV\uff0c\u4e89\u593aCurve\u6d41\u52a8\u6027\u6fc0\u52b1\u3002\u8fd9\u5c31\u589e\u52a0\u4e86\u5bf9$CRV\u7684\u76f4\u63a5\u9700\u6c42\uff0c\u4ece\u800c\u5f15\u53d1\u4e86\u6301\u4e45\u7684<strong>Curve War<\/strong>\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e09\u3001Curve\u751f\u6001\u4f18\u52bf<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Curve War \u4e5f\u5c31\u662f\u5404\u5927\u9879\u76ee\u65b9\u56f4\u7ed5\u7740\u79ef\u7d2f $veCRV\u3001\u4e89\u593aCurve\u6cbb\u7406\u6743\u4e4b\u95f4\u7684\u6218\u4e89\uff0c\u529b\u6c42\u5728 Curve DAO \u4e0a\u62e5\u6709\u6743\u529b\u548c\u5f71\u54cd\u529b\uff0c\u5e76\u6700\u7ec8\u80fd\u591f\u4e3a\u5176\u7528\u6237\u63d0\u4f9b\u66f4\u9ad8\u7684\u6536\u76ca<\/strong>\u3002\u5e74\u5316\u6536\u76ca\u66f4\u9ad8\u7684\u6c60\u5b50\uff0c\u81ea\u7136\u4f1a\u5438\u5f15\u5230\u66f4\u591a\u7684 LP \u8d44\u91d1\u524d\u6765\u83b7\u53d6\u6536\u76ca\uff0c\u66f4\u591a\u7684LP\u8d44\u91d1\u4e5f\u5c31\u610f\u5473\u7740\u4e2a\u66f4\u597d\u7684\u6df1\u5ea6\uff0c\u6ed1\u70b9\u66f4\u4f4e\u7684\u5151\u6362\uff0c\u5982\u6b64\u5f62\u6210\u9879\u76ee\u7684\u826f\u6027\u5faa\u73af\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Curve\u76ee\u524d\u662f\u7a33\u5b9a\u5e01\u8d44\u4ea7\u6700\u5927\u7684\u6d41\u52a8\u6027\u96c6\u4e2d\u5730\uff0c\u63a7\u5236\u4e86Curve\u7684\u6cbb\u7406\u6743\uff0c\u53ef\u4ee5\u901a\u8fc7Curve\u7684Gauge\u6cbb\u7406\u6295\u7968\u51b3\u5b9a\u5404\u4e2a\u6c60\u5b50\u83b7\u5f97 $CRV \u7684\u6fc0\u52b1\uff0c\u8fd9\u5c31\u7b49\u4e8e\u63a7\u5236\u4e86<strong>Curve\u5e73\u53f0\u4e0a\u6d41\u52a8\u6027\u7684\u6307\u6325\u68d2<\/strong>\u3002\u6b64\u5916\uff0c\u5982\u679c\u638c\u63e1\u4e86\u8db3\u591f\u591a\u7684 $veCRV\uff0c\u8fd8\u53ef\u4ee5\u8bbe\u5b9aMetapool\uff08\u90a3\u4e9b\u4e0eCurve\u57fa\u7840\u7a33\u5b9a\u5e01\u6c60Basepool\u4ea7\u751f\u6d41\u52a8\u6027\u4ea4\u4e92\u7684pool\uff09\uff0c\u751a\u81f3\u662f\u65b0\u5efaBasepool\uff08\u5982USDT\\USDC\\DAI\u6784\u6210\u76843pool\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u800cBasepool\u4e4b\u6240\u4ee5\u91cd\u8981\uff0c\u5728\u4e8e\u5176\u4f5c\u4e3aCurve\u4e0a\u7684\u57fa\u7840\u6d41\u52a8\u6027\uff0c\u4e0d\u4f46\u4e3a\u5176\u4ed6\u8d44\u4ea7\u6240\u5171\u540c\u8ba4\u53ef\uff0c\u540c\u65f6\u4e5f\u95f4\u63a5\u5730\u4eab\u53d7\u7740\u5728\u5404\u4e2a\u9879\u76ee\u5728Curve\u4e0a\u8fdb\u884c\u7684\u6d41\u52a8\u6027\u8865\u8d34\u6295\u5165\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u56e0\u6b64\uff0c\u5bf9\u4e8e\u9879\u76ee\u65b9\u800c\u8a00\uff0c\u60f3\u8981<strong>\u4e3a\u81ea\u5df1\u7684\u8d44\u4ea7\u4e89\u53d6\u826f\u597d\u7684\u6d41\u52a8\u6027\u6df1\u5ea6\uff0c\u5c31\u5fc5\u987b\u4e89\u53d6\u66f4\u591a\u7684 $veCRV \u6765\u83b7\u5f97\u6cbb\u7406\u6295\u7968\u6743\u4f7f\u81ea\u5df1\u7684\u6d41\u52a8\u6027\u6c60\u83b7\u914d\u66f4\u591a\u7684 $CRV\u6d41\u52a8\u6027\u6316\u77ff\u5956\u52b1<\/strong>\uff0c\u8fd9\u6837\u624d\u4f1a\u6709LP\u6765\u63d0\u4f9b\u5145\u8db3\u7684\u6d41\u52a8\u6027\uff0c<strong>\u7a33\u5b9a\u8d44\u4ea7\u53d1\u884c\u65b9\u7684\u4ee3\u5e01\u624d\u80fd\u4fdd\u8bc1\u4ea4\u6613\u7684\u4ea4\u6613\u6df1\u5ea6<\/strong>\uff0c\u540e\u7eed\u7684\u4e1a\u52a1\u5f00\u5c55\u624d\u6709\u4e86\u6839\u57fa\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u800c\u6bcf\u5929\u4ea7\u51fa\u7528\u4e8e\u6d41\u52a8\u6027\u6316\u77ff\u6fc0\u52b1\u7684 $CRV\uff0c\u5176\u5206\u914d\u662f\u7531Curve\u7684DAO\u6838\u5fc3\u6a21\u5757\u201c<a href=\"https:\/\/dao.curve.fi\/gaugeweight\" target=\"_blank\" rel=\"noreferrer noopener\">Gauge Weight Voting<\/a>\u201d\u51b3\u5b9a\u7684\uff0c\u7528\u6237\u901a\u8fc7\u81ea\u5df1\u7684 $veCRV \u5728\u201cGauge Weight Voting\u201d\u6295\u7968\uff0c\u53ef\u4ee5\u51b3\u5b9a\u4e0b\u4e00\u5468\u7684 $CRV\u5728<a href=\"https:\/\/dao.curve.fi\/minter\/gauges\" target=\"_blank\" rel=\"noreferrer noopener\">\u5404\u4e2a\u6d41\u52a8\u6027\u6c60\u7684\u5206\u914d\u6bd4\u7387<\/a>\uff0c\u5206\u914d\u6bd4\u7387\u8d8a\u9ad8\u7684\u6c60\u5b50\uff0c\u5c31\u66f4\u5bb9\u6613\u5438\u5f15\u5230\u5145\u8db3\u7684\u6d41\u52a8\u6027\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/7bAcF7bF0w.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Gauge \u6743\u91cd\u5206\u914d<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u53c2\u4e0eCurve War\u7684\u5305\u62ec\u5404\u5927\u7a33\u5b9a\u5e01\u9879\u76ee\u65b9\uff0c\u9664\u6b64\u4e4b\u5916\u8fd8\u6709<a href=\"https:\/\/yearn.finance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Yearn Finance<\/a>\u7b49\u5404\u7c7b\u673a\u67aa\u6c60\uff08Vault\uff09\uff0c\u4ee5\u53ca<a href=\"https:\/\/www.convexfinance.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Convex<\/a>\u8fd9\u6837\u4e3aCurve\u7684\u6d41\u901a\u6027\u63d0\u4f9b\u8005\u548c $CRV \u7684\u8d28\u62bc\u8005\u63d0\u4f9b\u670d\u52a1\u7684\u5782\u76f4\u7ba1\u7406\u534f\u8bae\uff0c\u5e76\u5e26\u52a8\u4e86\u76f8\u5173\u82e5\u5e72\u751f\u6001\u534f\u8bae\u7684\u589e\u957f\u3002Convex\u5141\u8bb8\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\u901a\u8fc7\u81ea\u8eab\u7684\u5165\u53e3\u53c2\u4e0e Curve\uff0c\u4e5f\u5373\u7528\u6237\u53ef\u4ee5\u5728 Convex \u4e0a\u8fdb\u884c\u8d28\u62bc $CRV\u3001\u8ba4\u9886 $CRV \u5956\u52b1\u7b49\u64cd\u4f5c\uff0c\u76f8\u5bf9\u4e8eCurve\u590d\u53e4\u53c8\u590d\u6742\u7684\u754c\u9762\uff0cConvex\u7684\u7528\u6237\u4f53\u9a8c\u66f4\u597d\u3002\u4e14\u4e0d\u540c\u4e8e\u76f4\u63a5\u5728 Curve \u4e0a\u9700\u8981\u9501\u4ed3\u4e14\u6839\u636e\u65f6\u95f4\u957f\u77ed\u6743\u91cd\u4e0d\u540c\u7684\u64cd\u4f5c\u9650\u5236\uff0c\u7528\u6237<strong>\u65e0\u9700\u9501\u5b9a $CRV \u4fbf\u53ef\u83b7\u53d6\u6536\u76ca\u5956\u52b1\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6b64\u5916\uff0c\u7531\u4e8e\u5404\u8def\u4eba\u9a6c\u5bf9 $veCRV \u6cbb\u7406\u6743\u7684\u4e89\u593a\uff0c\u6709\u9009\u7968\u5c31\u4f1a\u6709\u8d3f\u9009\uff0c\u5728\u8fd9\u5176\u4e2d\u4e5f\u6d8c\u73b0\u51fa\u4e86\u4e00\u7cfb\u5217\u7684\u65b9\u4fbf\u5e73\u53f0\u4e0e\u7528\u6237\u76f4\u63a5\u6c9f\u901a\u7684\u8d3f\u9009\u5e73\u53f0\u5145\u5f53\u8fd9\u573a\u65e0\u58f0\u6218\u4e89\u7684\u50ac\u5316\u5242\uff0c\u5982<a href=\"https:\/\/bribe.crv.finance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bribe.crv<\/a>\u3001<a href=\"https:\/\/votium.app\/\" target=\"_blank\" rel=\"noreferrer noopener\">votium.app<\/a>\u7b49\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7ecf\u5386\u4e86Curve War\uff0c\u76ee\u524d<strong>Convex\u83b7\u5f97\u4e86\u6700\u591a<a href=\"https:\/\/dune.com\/queries\/56185\/111481\" target=\"_blank\" rel=\"noreferrer noopener\">$veCRV \u4efd\u989d<\/a><\/strong>\uff0c\u7ea6\u5360\u6d41\u901a\u603b\u91cf\u768442%\u3002\u8fd9\u610f\u5473\u7740Convex Finance \u5728 Curve \u6cbb\u7406\u4e2d\u62e5\u6709\u6700\u591a\u7684\u6295\u7968\u6743\uff0c\u8fd9\u6700\u7ec8\u610f\u5473\u7740 Convex Finance \u5c06\u80fd\u591f\u51b3\u5b9a\u5c06\u54ea\u4e2a\u6d41\u52a8\u8d44\u91d1\u6c60\u5e94\u7528\u4e8e Curve Finance \u7684Gauge\u6743\u91cd\uff08\u5956\u52b1\u63d0\u5347\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/I50Q9DNrv3.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Convex \u6240\u62e5\u6709\u7684 $veCRV \u4efd\u989d\u9010\u6e10\u63d0\u5347<\/pre>\n\n\n\n<h3 class=\"wp-block-heading\">\u56db\u3001Convex<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.convexfinance.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Convex Finance<\/a>\u662f\u4e00\u4e2a\u4e13\u95e8\u81f4\u529b\u4e8e\u7b80\u5316 Curve \u4f7f\u7528\u6d41\u7a0b\u7684<strong>CRV \u8d28\u62bc\u548c\u6d41\u52a8\u6027\u6316\u77ff\u4e00\u7ad9\u5f0f\u5e73\u53f0<\/strong>\uff0c\u5373\u4ee5\u592a\u574a\u94fe\u4e0a\u7684\u6536\u76ca\u805a\u5408\u5668\u3002$CRV \u6301\u6709\u8005\u53ef\u4ee5\u5728 Convex \u4e0a\u6c38\u4e45\u8d28\u62bc\u4ed6\u4eec\u7684\u4ee3\u5e01\uff0c\u5e76\u6362\u53d6\u7b49\u989d\u7684 $cvxCRV \u4f5c\u4e3a\u6d41\u52a8\u6027\uff0c\u4e0d\u4ec5\u53ef\u4ee5\u4eab\u53d7\u4e0e $veCRV \u6301\u6709\u8005\u76f8\u540c\u7684 $CRV \u6fc0\u52b1\uff0c\u8fd8\u80fd\u83b7\u5f97\u989d\u5916\u7684 $CVX \u4f5c\u4e3a\u5956\u52b1\u3002\u800c Convex \u4ece\u4e2d\u5f97\u5230\u7684\u597d\u5904\uff0c\u5c31\u662f\u4ece $veCRV \u6301\u6709\u8005\u624b\u4e2d\u6362\u6765\u4e86\u5b8c\u5168\u81ea\u4e3b\u7684 $CRV \u6cbb\u7406\u6743\u3002\u76ee\u524d Convex \u5df2\u7ecf\u6210\u529f\u5730\u79ef\u7d2f\u4e86\u8db3\u591f\u591a\u7684 CRV\uff0c\u63a7\u5236\u4e86\u7ea6 42% \u7684 $veCRV\uff0c\u4ece\u800c\u80fd\u6709\u6548\u5730\u51b3\u5b9a Curve \u4e0a\u77ff\u6c60\u7684\u6fc0\u52b1\u5206\u914d\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">4.1 CVX \u4ee3\u5e01\u7ecf\u6d4e\u5b66<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>$veCRV\u2014\u2014Curve \u63a7\u5236\u6743<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728 Curve \u8bbe\u8ba1\u7684\u673a\u5236\u4e2d\uff0c\u6301\u6709\u8005\u53ea\u6709\u51ed\u501f\u5c06 CRV \u5728\u9501\u5b9a\u540e\u83b7\u5f97\u7684 $veCRV\uff0c\u624d\u80fd\u591f<strong>\u6355\u83b7 Curve\u7684\u4ef7\u503c\u3001\u53d1\u6325\u4ee3\u5e01\u7684\u529f\u80fd\u5e76\u884c\u4f7f\u6cbb\u7406\u6743\u529b<\/strong>\u3002\u800c\u8981\u83b7\u53d6\u66f4\u591a\u7684 $veCRV\uff0c\u53ea\u80fd\u957f\u65f6\u95f4\u9501\u5b9a\u66f4\u591a $CRV\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>$cvxCRV\u2014\u2014\u628a $CRV\uff08$veCRV\uff09\u4ea4\u7ed9 Convex<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$cvxCRV \u662f $CRV \u5728 Convex \u4e2d\u7684\u6620\u5c04\uff0c\u7531\u6bcf\u679a<strong>\u9501\u5b9a\u5728 Convex \u7684 CRV \u6309 1:1 \u94f8\u9020\u800c\u6210<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u8fc7\u5728 Convex \u4e2d\u8d28\u62bc $CRV \u5f97\u5230 $cvxCRV\uff0c\u7528\u6237<strong>\u65e0\u9700\u518d\u9501\u5b9a $CRV<\/strong>\uff0c\u867d\u7136\u635f\u5931\u4e86\u76f4\u63a5\u6301\u6709 $veCRV \u7684\u6295\u7968\u6cbb\u7406\u6743\u529b\uff0c\u4f46\u4f1a\u83b7\u5f97\u5982\u4e0b\u5956\u52b1\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>50%Curve\u4ea4\u6613\u624b\u7eed\u8d39\u5956\u52b1\u3002\u4ee5Curve 3pool LP\u4ee3\u5e01 $3Crv \u652f\u4ed8\uff1b<\/li>\n\n\n\n<li>Convex LP\u8d28\u62bc\u83b7\u5f97\u7684 $CRV\u6536\u76ca\u768410%\u3002<\/li>\n\n\n\n<li>\u989d\u5916\u7684 $CVX \u5956\u52b1<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u8fc7\uff0c\u5c06 $CRV \u8f6c\u6362\u4e3a $cvxCRV \u662f\u4e0d\u53ef\u9006\u7684\uff0c\u7528\u6237\u65e0\u6cd5\u5c06 $cvxCRV \u76f4\u63a5\u8f6c\u6362\u56de $CRV\uff0c\u53ea\u80fd\u5728\u4e8c\u7ea7\u5e02\u573a\u4e0a\u901a\u8fc7\u4ea4\u6613\u5bf9\u5c06 $cvxCRV \u5151\u6362\u6210 $CRV\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u603b\u800c\u8a00\u4e4b\uff0c\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u8ba9\u6e21\u81ea\u5df1\u7684 $CRV \u6295\u7968\u6743\uff08$veCRV\uff09\uff0c\u901a\u8fc7 $cvxCRV \u5f62\u5f0f\u6362\u53d6\u4e00\u7ad9\u5f0f\u6536\u76ca\u7684\u673a\u4f1a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>$CVX \u2014\u2014Convex \u63a7\u5236\u6743<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$CVX \u662f Convex \u7684\u539f\u751f\u4ee3\u5e01\uff0c\u6700\u5927\u4f9b\u5e94\u91cf\u4e3a1\u4ebf\u679a\uff0c\u5176\u4e2d 50% \u7ed9\u5230Convex\u5e73\u53f0\u4e0a Curve LP\u63d0\u4f9b\u8005\uff0c25%\u7ed9\u5230\u5e73\u53f0\u6d41\u52a8\u6027\u6316\u77ff\u5956\u52b1\u3002\u4e0e\u9501\u5b9a $CRV \u83b7\u5f97 $veCRV \u7c7b\u4f3c\uff0c<strong>$CVX \u6301\u6709\u8005\u53ef\u4ee5\u9501\u4ed3 $CVX 16\u5468\uff0c\u62ff\u5230\u4e00\u4e2a $vlCVX<\/strong>\uff0c\u7136\u540e\u4fbf\u53ef\u4ee5\u53c2\u4e0eConvex\u7684\u6cbb\u7406\u6743\u3001\u6307\u6325\u534f\u8bae\u91cc\u7684 $veCRV \u6765\u5206\u914dCurve\u4e0a\u5404\u4e2a\u6c60\u7684\u5956\u52b1\u591a\u5c11\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/89I1aHRgjT.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">$CVX \u5206\u914d\u65b9\u5f0f<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">$veCRV\u3001$cvxCRV\u3001$CVX \u4e09\u8005\u7684\u903b\u8f91\u5173\u7cfb\u53ef\u4ee5\u6982\u62ec\u5982\u4e0b\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Convex \u5229\u7528\u66f4\u5177\u5438\u5f15\u529b\u7684 $cvxCRV \u6fc0\u52b1\uff0c\u6362\u53d6\u4e86\u7528\u6237\u7684 $CRV\uff0c \u540c\u65f6\u7528\u6237\u53ef\u4ee5\u628a $CRV \u7684LP token\u8d28\u62bc\u5728Convex\u5f97\u5230Convex LP token\u3002Convex\u5e73\u53f0\u628a\u6536\u5230\u7684 $CRV \u518d\u9501\u5b9a\u5728 Curve \u5e73\u53f0\u83b7\u53d6 \u5927\u91cf\u7684 $veCRV \u7528\u4e8e\u6295\u7968\u548c\u52a0\u901f\uff0c \u5f97\u5230\u7684\u6536\u76ca\u518d\u8fd4\u56de\u5230Convex\u4f5c\u4e3a\u5e73\u53f0\u6536\u76ca\uff0c Convex\u518d\u628a\u8fd9\u4e9b\u6536\u76ca\u53d1\u653e\u7ed9 $cvxCRV \u548cConvex LP\u7684\u7528\u6237\u3002\u800c$CVX \u4f5c\u4e3a Convex \u5e73\u53f0\u7684\u6cbb\u7406\u4ee3\u5e01\uff0c<strong>\u6301\u6709 $CVX \u4fbf\u76f8\u5f53\u4e8e\u62e5\u6709\u4e86\u5bf9 Convex \u7684\u6cbb\u7406\u6743<\/strong>\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/XLits8B6lB.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Convex \u4ef7\u503c\u6355\u83b7\u65b9\u5f0f<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u7b80\u800c\u8a00\u4e4b\uff0c<strong>\u63a7\u5236\u4e86 $CVX\uff0c\u5c31\u662f\u63a7\u5236\u4e86 Convex\uff0c\u800c\u63a7\u5236\u4e86 Convex\uff0c\u5c31\u7b49\u540c\u4e8e\u63a7\u5236\u4e86 Curve<\/strong>\u3002\u8fd9\u65f6\u5b83\u53ef\u4ee5\u4e3a\u5177\u4f53\u7684\u67d0\u4e2a\u7a33\u5b9a\u5e01\u6c60\u5b50\u589e\u52a0\u6fc0\u52b1\u6743\u91cd\uff0c\u8b6c\u5982\u7a33\u5b9a\u5e01\u9879\u76ee\u65b9\u7684\u8d3f\u9009\u884c\u4e3a\u7b49\u3002\u4e0d\u540c\u4e8e Yearn Finance \u8fd9\u6837\u670d\u52a1\u6574\u4e2a DeFi \u751f\u6001\u7684\u6cdb\u8d44\u4ea7\u7ba1\u7406\u534f\u8bae\uff0cConvex\u672c\u8d28\u4e0a\u53ea\u662f\u4e13\u95e8\u9488\u5bf9 Curve \u7684\u5782\u76f4\u8d44\u4ea7\u7ba1\u7406\u534f\u8bae\uff0c\u4f46\u5728\u8868\u73b0\u4e0a\u5374\u4e1d\u6beb\u4e0d\u8f93 Yearn Finance\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u56e0\u6b64\uff0cConvex \u81ea\u7136\u4e5f\u6210\u4e86\u5404\u5927\u7a33\u5b9a\u5e01\u9879\u76ee\u65b9\u548c\u5176\u4ed6Curve\u8d44\u4ea7\u7ba1\u7406\u534f\u8bae\u7684\u5175\u5bb6\u5fc5\u4e89\u4e4b\u5730\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2023\/01\/03\/images\/7qd6Uhg71c.png\" alt=\"\u65b0\u4eba\u79d1\u666e\u4e28\u4ec0\u4e48\u662fCurve Finance\uff1f\"\/><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Convex \u534f\u8bae\u5404DAO \u6301\u4ed3 $CVX \u6392\u540d\u53d8\u5316<\/pre>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e94\u3001Curve\u7a33\u5b9a\u5e01<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u4e45\u524d\uff0cCurve\u4e3a\u4e86\u5e94\u5bf9 $CRV \u88ab\u505a\u7a7a\uff0c\u9002\u65f6\u53d1\u5e03\u4e86\u5df2\u7ecf\u9884\u544a\u4e86\u5f88\u4e45\u7684\u7a33\u5b9a\u5e01<a href=\"https:\/\/github.com\/curvefi\/curve-stablecoin\" target=\"_blank\" rel=\"noreferrer noopener\">$crvUSD \u7684\u767d\u76ae\u4e66\u548c\u4ee3\u7801<\/a>\uff0c\u4f46\u5e76\u975e\u6700\u7ec8\u7248\u672c\u3002Curve\u7684\u7a33\u5b9a\u5e01\u4e0eMakerDAO\u7684 $DAI \u6ca1\u6709\u672c\u8d28\u4e0a\u7684\u533a\u522b\u3002\u4ece\u672c\u6b21\u767d\u76ae\u4e66\u53ef\u4ee5\u770b\u51fa\uff0c $crvUSD \u548c $DAI \u90fd\u662f\u5b58\u5165\u6ce2\u52a8\u6027\u8d44\u4ea7\uff0c\u7136\u540e\u8d37\u51fa\u951a\u5b9a\u7f8e\u5143\u7684\u62b5\u62bc\u578b\u7a33\u5b9a\u5e01\u3002\u4e0d\u8fc7 $crvUSD \u6709\u51e0\u4e2a\u521b\u65b0\u4e4b\u5904\uff1a<strong>\u501f\u8d37-\u6e05\u7b97\u81ea\u52a8\u505a\u5e02\u5546\u7b97\u6cd5\uff08LLAMMA\uff09\u3001PegKeeper \u548c\u8d27\u5e01\u653f\u7b56\u3002<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">5.1 \u4e3a\u4ec0\u4e48\u9700\u8981\u7a33\u5b9a\u5e01\uff1f<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Curve\u672c\u8eab\u5df2\u7ecf\u6784\u5efa\u8d77\u4e86\u5e9e\u5927\u7684\u7a33\u5b9a\u5e01\u5e02\u573a\uff0c\u5e76\u4e14\u5177\u6709\u6df1\u539a\u7684\u6d41\u52a8\u6027\u3002\u4e3a\u4f55\u5728\u52a0\u5bc6\u4e16\u754c\u9700\u8981\u8fd9\u4e48\u591a\u7a33\u5b9a\u5e01\uff1f\u6211\u4eec\u77e5\u9053\uff0c\u4f20\u7edf\u8d27\u5e01\u7684\u804c\u80fd\u5305\u62ec\u4ea4\u6613\u3001\u5b58\u50a8\u548c\u8bb0\u8d26\u3002\u867d\u7136\u6bd4\u7279\u5e01\u5df2\u7ecf\u6210\u4e3a\u50cf\u9ec4\u91d1\u4e00\u6837\u7684\u6295\u8d44\u54c1\uff0c\u4f46\u591a\u6570\u52a0\u5bc6\u8d27\u5e01\u7c7b\u4f3c\u80a1\u7968\u4e0a\u4e0b\u6ce2\u52a8\uff0c\u53ea\u6709\u7a33\u5b9a\u5e01\u8d34\u8fd1\u4f20\u7edf\u6cd5\u5b9a\u8d27\u5e01\uff0c\u5bf9\u4e8e\u4fdd\u5b88\u6295\u8d44\u8005\u800c\u8a00\u662f\u6700\u4e3a\u7a33\u59a5\u7684\u907f\u9669\u8d44\u4ea7\uff0c\u5c24\u5176\u662f\u5728\u76ee\u524d\u9ad8\u6ce2\u52a8\u6027\u7684\u52a0\u5bc6\u5e02\u573a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7531\u4e8e\u7a33\u5b9a\u5e01\u7a33\u5b9a\u4e14\u9ad8\u6548\uff0c\u8bb8\u591a\u4eba\u613f\u610f\u6301\u6709\u7a33\u5b9a\u5e01\u6765\u4f5c\u4e3a\u6ce2\u52a8\u6027\u52a0\u5bc6\u8d44\u4ea7\u4e4b\u95f4\u7a33\u5b9a\u7684\u4ea4\u6613\u5a92\u4ecb\uff0c\u4ee5\u53ca\u53c2\u4e0e\u884d\u751fDeFi\u7684\u5404\u9879\u529f\u80fd\uff0c\u901a\u8fc7\u51fa\u501f\u548c\u8d28\u62bc\u5373\u53ef\u8d5a\u53d6\u7a33\u5b9a\u5e01\u7684\u5229\u606f\u3002\u7a33\u5b9a\u5e01\u7684\u53ef\u7528\u6027\u4e3b\u8981\u53d6\u51b3\u4e8e\u5176\u7a33\u5b9a\u7a0b\u5ea6\u548c\u5e94\u7528\u573a\u666f\u7684\u5e7f\u6cdb\u6027\uff0c\u7a33\u5b9a\u5e01\u53ef\u4ee5\u5927\u81f4\u5206\u4e3a\u4ee5\u4e0b\u4e09\u79cd\u7c7b\u578b\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u4ee5\u6cd5\u5e01\u4e3a\u62b5\u62bc\u7684\u7a33\u5b9a\u5e01<\/strong>\u3002\u5982<a href=\"https:\/\/tether.to\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tether<\/a>\u516c\u53f8\u53d1\u884c\u7684 $USDT \u4ee5\u53ca<a href=\"https:\/\/www.circle.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Circle<\/a>\u516c\u53f8\u53d1\u884c\u7684 $USDC\u3002<\/li>\n\n\n\n<li><strong>\u4ee5\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u62b5\u62bc\u7684\u7a33\u5b9a\u5e01<\/strong>\u3002\u534f\u8bae\u53d1\u884c\uff0c\u901a\u8fc7\u8d85\u989d\u62b5\u62bc\u52a0\u5bc6\u8d44\u4ea7\u94f8\u9020\u7a33\u5b9a\u5e01\uff0c\u5982<a href=\"https:\/\/makerdao.com\/zh-CN\/\" target=\"_blank\" rel=\"noreferrer noopener\">MakerDAO\u53d1\u884c\u7684 $DAI<\/a>\u3002<\/li>\n\n\n\n<li><strong>\u7b97\u6cd5\u7a33\u5b9a\u5e01<\/strong>\u3002\u901a\u8fc7\u53bb\u4e2d\u5fc3\u5316\u5f62\u5f0f\u91c7\u7528\u5f39\u6027\u4f9b\u5e94\u673a\u5236\u8c03\u8282\u4ef7\u683c\u4ee5\u7ef4\u6301\u7b97\u6cd5\u7a33\u5b9a\uff0c\u5982<a href=\"https:\/\/www.ampleforth.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ampleforth\uff08$AMPL\uff09<\/a>\u3001<a href=\"https:\/\/basis.cash\/\" target=\"_blank\" rel=\"noreferrer noopener\">Basis Cash\uff08$BAC\uff09<\/a>\u3001$UST\u7b49\u3002\u5982\u4f55\u63d0\u9ad8\u7a33\u5065\u6027\u3001\u4fdd\u6301\u951a\u5b9a\u662f\u6b64\u7c7b\u7a33\u5b9a\u5e01\u7684\u8bbe\u8ba1\u91cd\u70b9\u3002<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\">5.2 Curve \u7a33\u5b9a\u5e01\u673a\u5236<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">5.2.1<strong>LLAMMA\u673a\u5236\u2014\u2014\u7b97\u6cd5\u5b9e\u65f6\u6e05\u7b97<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728DeFi\u9886\u57df\u5c1a\u672a\u5efa\u7acb\u4fe1\u7528\u501f\u8d37\u5e02\u573a\u3002\u76ee\u524d\uff0cAAVE\u548cCompound\u7b49\u501f\u8d37\u5e73\u53f0\u91c7\u7528\u8d85\u989d\u62b5\u62bc\u7684\u65b9\u5f0f\u8fdb\u884c\u501f\u8d37\u3002\u8fd9\u79cd\u65b9\u5f0f\u7684\u5c40\u9650\u6027\u5728\u4e8e\u8d44\u672c\u6548\u7387\u4f4e\u4ee5\u53ca\u62b5\u62bc\u54c1\u5bb9\u6613\u5728\u884c\u60c5\u6ce2\u52a8\u4e2d\u88ab\u6e05\u7b97\u3002\u4e3a\u4e86\u51cf\u5c11\u6e05\u7b97\u8fc7\u7a0b\u5e26\u6765\u7684\u5f71\u54cd\uff0c$crvUSD\u5f15\u5165\u4e86\u4e00\u79cd\u540d\u4e3aLLAMMA\u7684\u66f4\u5e73\u6ed1\u7684\u6e05\u7b97\u7b97\u6cd5\uff0c\u8fd9\u4e5f\u662f $crvUSD \u6700\u4e3b\u8981\u7684\u521b\u65b0\u4e4b\u4e00\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LLAMMA\uff08Lending-Liquidating AMM algorithm\uff0c\u501f\u8d37-\u6e05\u7b97AMM\u7b97\u6cd5\uff09<\/strong>\u662f\u4e00\u79cd\u4e13\u95e8\u89e3\u51b3\u8d85\u989d\u62b5\u62bc\u501f\u8d37\u7684\u77ac\u65f6\u6e05\u7b97\u95ee\u9898\u7684AMM\u7b97\u6cd5\uff0c\u4f7f\u501f\u6b3e\u4eba\u7684\u8d44\u91d1\u66f4\u52a0\u5b89\u5168\u3002\u5b83\u901a\u8fc7\u9010\u6b65\u6e05\u7b97\/\u53bb\u6e05\u7b97\u7528\u6237\u7684\u62b5\u62bc\u54c1\uff0c\u8ba9\u62b5\u62bc\u54c1\u548c $crvUSD \u4e0d\u65ad\u8f6c\u6362\uff0c\u4ece\u800c\u89e3\u51b3\u4e86\u6e05\u7b97\u95ee\u9898\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u5982\uff0c\u4f7f\u7528 $ETH \u4f5c\u4e3a\u62b5\u62bc\u54c1\u501f\u5165 $crvUSD \u65f6\uff0c<strong>\u5982\u679c $ETH \u7684\u4ef7\u683c\u4e0b\u8dcc\u8fdb\u5165\u6e05\u7b97\u533a\u95f4\uff0c\u5219\u4f1a\u5f00\u59cb\u9010\u6e10\u51fa\u552e $ETH\uff0c\u76f4\u81f3\u6240\u6709 $ETH \u5168\u90e8\u8f6c\u6362\u4e3a\u7a33\u5b9a\u5e01<\/strong>\u3002<strong>\u5982\u679c $ETH \u7684\u4ef7\u683c\u4e0a\u6da8\uff0cLLAMMA\u4f1a\u5e2e\u52a9\u7528\u6237\u91cd\u65b0\u4e70\u56de $ETH<\/strong>\u3002\u5982\u679c\u5728\u6e05\u7b97\u533a\u95f4\u5185\u6ce2\u52a8\uff0c\u5219\u4f1a\u4e0d\u65ad\u5730\u8fdb\u884c\u6e05\u7b97\u548c\u53bb\u6e05\u7b97\uff0c\u4e0d\u65ad\u5356\u51fa\u548c\u4e70\u5165ETH\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7b80\u5355\u6765\u8bf4\uff0cLLAMMA\u673a\u5236\u5c31\u662f\u76f4\u63a5\u628a\u5b58\u6b3e\u4eba\u7684\u7a33\u5b9a\u5e01\u6c60\u5b50\u548c\u501f\u6b3e\u4eba\u7684\u62b5\u62bc\u6c60\u901a\u8fc7AMM\u673a\u5236\u8054\u52a8\u5728\u4e00\u8d77\u3002Curve\u989d\u5916\u7ed9AMM\u8bbe\u7f6e\u4e86\u4e00\u5957\u6e05\u7b97\u673a\u5236\uff0c\u8ba9\u8fd9\u5957\u673a\u5236\u6765\u627f\u62c5\u6e05\u7b97\u4eba\u7684\u89d2\u8272\uff0c\u56e0\u800c<strong>\u4e0d\u4f1a\u51fa\u73b0\u574f\u8d26\u6216\u8005\u7528\u6237\u56e0\u4e3a\u6e05\u7b97\u800c\u5bfc\u81f4\u5927\u989d\u635f\u5931\u7684\u95ee\u9898<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>5.2.2 \u81ea\u52a8\u7a33\u5b9a\u5668PegKeeper<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7531\u4e8e\u6709\u8db3\u591f\u7684\u62b5\u62bc\u54c1\uff0c$crvUSD \u7684\u4ef7\u683c\u53ef\u4ee5\u88ab\u951a\u5b9a\u57281\u7f8e\u5143\u9644\u8fd1\u3002\u7136\u800c\uff0c\u5728\u4e8c\u7ea7\u5e02\u573a\u4e2d\uff0c$crvUSD \u7684\u4ef7\u683c\u4f1a\u51fa\u73b0\u8f7b\u5fae\u7684\u6ce2\u52a8\u3002\u4e3a\u4e86\u7ef4\u6301 $crvUSD \u7684\u4ef7\u683c\u7a33\u5b9a\uff0cCurve\u5f15\u5165\u4e86\u4e00\u79cd\u53eb\u505a<strong>PegKeeper\u7684\u81ea\u52a8\u7a33\u5b9a\u5668\u673a\u5236<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f53 $crvUSD \u7684\u4ef7\u683c\u56e0\u4e3a\u9700\u6c42\u7684\u589e\u52a0\u800c\u8d85\u8fc7\u951a\u5b9a\u4ef7\u683c\uff08\u5373\u4ef7\u683c\u9ad8\u4e8e1\u7f8e\u5143\uff09\u65f6\uff0cPegKeeper\u53ef\u4ee5\u65e0\u9700\u62b5\u62bc\u5c31\u53ef\u4ee5\u94f8\u9020 $crvUSD \u5e76\u5c06\u5176\u5355\u5411\u5b58\u5165\u7a33\u5b9a\u5e01\u5151\u6362\u6c60\uff0c\u4f7f\u5f97 $crvUSD \u7684\u4ef7\u683c\u4e0b\u8dcc\u3002\u5373\u4f7f\u5728\u94f8\u5e01\u8fc7\u7a0b\u4e2d\u6ca1\u6709\u4f7f\u7528\u62b5\u62bc\uff0c\u4f46\u662f\u6d41\u52a8\u6027\u6c60\u4e2d\u7684\u6d41\u52a8\u6027\u4e5f\u53ef\u4ee5\u63d0\u4f9b\u9690\u6027\u62b5\u62bc\u652f\u6301\u3002\u5f53 $crvUSD \u7684\u4ef7\u683c\u4f4e\u4e8e1\u7f8e\u5143\u65f6\uff0cPegKeeper\u53ef\u4ee5\u6536\u56de\u90e8\u5206 $crvUSD \u7684\u6d41\u52a8\u6027\uff0c\u4f7f\u4ef7\u683c\u6062\u590d\u81f31\u7f8e\u5143\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u56e0\u6b64\uff0cPegKeeper\u5728\u8fd9\u4e2a\u8fc7\u7a0b\u4e2d\u76f8\u5f53\u4e8e<strong>\u5728\u4ef7\u683c\u9ad8\u4e8e1\u7f8e\u5143\u65f6\u5356\u51fa $crvUSD \uff0c\u5728\u4ef7\u683c\u4f4e\u4e8e1\u7f8e\u5143\u65f6\u4e70\u5165 $crvUSD<\/strong>\uff0c\u4e0d\u4ec5\u53ef\u4ee5\u83b7\u5f97\u5229\u6da6\uff0c\u540c\u65f6\u4e5f\u7ef4\u62a4\u4e86 $crvUSD \u7684\u4ef7\u683c\u7a33\u5b9a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>5.2.3 \u8d27\u5e01\u653f\u7b56<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c31\u50cf\u7f8e\u8054\u50a8\u52a0\u606f\u51cf\u606f\uff0cCurve \u901a\u8fc7\u8d27\u5e01\u653f\u7b56\u63a7\u5236\u7740\u7a33\u5b9a\u5668\u7684\u503a\u52a1\u4e0e $crvUSD \u4f9b\u5e94\u91cf\u4e4b\u95f4\u7684\u5173\u7cfb\u3002\u5f53\u503a\u52a1\/\u4f9b\u5e94\u91cf\u5927\u4e8e 5% \u65f6\uff0c\u53ef\u4ee5\u6539\u53d8\u53c2\u6570\uff0c\u6fc0\u52b1\u501f\u6b3e\u4eba\u501f\u5165\u5e76\u629b\u552e\u7a33\u5b9a\u5e01\uff0c\u5e76\u8feb\u4f7f\u7cfb\u7edf\u71c3\u70e7\u503a\u52a1\u3002\u5f53\u503a\u52a1\/\u4f9b\u5e94\u91cf\u8f83\u4f4e\u65f6\uff0c\u6fc0\u52b1\u501f\u6b3e\u4eba\u5f52\u8fd8\u8d37\u6b3e\uff0c\u4f7f\u7cfb\u7edf\u589e\u52a0\u503a\u52a1\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">5.3 \u751f\u6001\u6548\u5e94<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Curve \u63a8\u51fa\u81ea\u8eab\u7a33\u5b9a\u5e01\uff0c\u5bf9\u4e8e\u6574\u4e2aCurve\u751f\u6001\u5e94\u5f53\u4f1a\u4ea7\u751f\u6b63\u5411\u6fc0\u52b1\u3002Curve \u56e2\u961f\u63a7\u5236\u4e86\u5927\u91cf\u4f5c\u4e3a\u6295\u7968\u6743\u7684 $veCRV \uff0c<strong>\u53ef\u4ee5\u5f15\u5bfc $crvUSD \u4e0e 3pool \u7b49\u6c60\u95f4\u7684\u6d41\u52a8\u6027<\/strong>\uff0c\u65b9\u4fbf crvUSD \u7684\u51b7\u542f\u52a8\uff0c\u8fd9\u662f\u5176\u5b83\u7a33\u5b9a\u5e01\u9879\u76ee\u4e0d\u5177\u6709\u7684\u4f18\u52bf\u3002\u62e5\u6709\u6df1\u539a\u7684\u6d41\u52a8\u6027\u540e\uff0c<strong>$crvUSD \u8131\u951a\u98ce\u9669\u4e5f\u4f1a\u8fdc\u4f4e\u4e8e\u5176\u4ed6\u7a33\u5b9a\u5e01<\/strong>\u3002\u8fd9\u6837\u5c31\u5f62\u6210\u65b0\u7684DeFi\u98de\u8f6e\u6548\u5e94\uff0c\u5e26\u6765\u534f\u8bae\u6536\u5165\u589e\u52a0\u3002\u9664\u6b64\u4e4b\u5916\uff0c\u5305\u62ec $crvUSD \u7684\u501f\u8d37\u8d39\u7528\u3001LLAMMA \u589e\u52a0\u7684\u4ea4\u6613\u91cf\u7b49\uff0c\u4e5f\u5c06\u4e3a $veCRV 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