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0xLuise
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How much has North Korea stolen in recent years? The total amount of cryptocurrency/virtual assets in the country has reached quite a significant amount over the years, right? 😅 Stealing while laundering, this amount is also exaggerated
#朝鲜黑客
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最近花了点时间深入研究了USDD 2.0的升级,这东西从1.0的纯算法模式转到超额抵押去中心化稳定币,变化挺大的。简单说,USDD 1.0借鉴了UST的套利机制,但Terra崩盘后,他们迅速转向2.0,核心理念就是“以稳见信”——用实打实的资产储备来建信任,而不是靠算法信仰。 从架构上看,USDD 2.0主要靠三个模块:PSM(锚定稳定模块)提供1:1刚性兑付USDD和USDT,基本零滑点;CDP(抵押债仓)让用户超额抵押TRX或BTC生成USDD,抵押率动态调整,通常>120%;还有Smart Allocator,把储备资产投到低风险DeFi协议如JustLend,产生真实收益回流系统。 储备构成上,TRX占40-50%,USDT也差不多,BTC10-15%,多元化但有集中风险,尤其是对USDT的依赖——如果Tether出问题,USDD得吃大亏。但整体抵押率超120%,链上透明可查,这点比中心化稳定币强多了。 再说用户关心的sUSDD,宣称12% APY,分层设计,前5000万TVL高收益,来源是DeFi利息+PoS奖励+TRON DAO补贴。补贴部分靠波场手续费反哺,短期可持续,但长期看取决于生态繁荣。对比DAI的sDAI(~5%)或FRAX(5-6%),USDD高收益有吸引力,但风险是收益率波动,不是本金归零。 多链扩张也值得说,以太坊原生部署,避开跨链桥风险,直接挑战DAI等老牌选手。治理上,TRON DAO Reserve像“央行”,高效但有点中心化,社区通过JST微调参数。 总的来说,USDD 2.0是理性回归,解决了三难困境的部分痛点,但内生风险还在。@USDD - Decentralized USD 做的这个升级,确实在波场生态稳固了地位。#USDD以稳见信
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