2022年10月9日

自DeFi用戶能夠使用一種新型產品以來，已經有一段時間了。這要感謝熊市。然而，10月4日出現了一個例外——由Liquity推出的Chicken Bonds，這是一種債務抵押頭寸協議，市值1.76億美元。沙丘分析(Dune Analytics)的一份查詢顯示，自那以來，Chicken Bonds已收購了550萬美元的流動性穩定幣LUSD。雞肉債券與家禽無關，也與固定收益證券無關。這就是所謂的“結合機製”。用戶“綁定”，或交出他們的LUSD，以換取一段時間內的獎勵。在這種情況下，獎勵是bLUSD(債券LUSD)，這是一種比通常提供給LUSD的更高收益機會的代幣。“與穩定池的收益率相比，購買雞肉債券的好處是，你可以獲得一個放大的收益率，”Liquity增長主管山姆·勒卡克(Sam Lekhak)告訴《the Defiant》。然而，新的DeFi機製由於加入了額外的收益來源以及nft而變得更加複雜。 The baseline yield for LUSD through Liquity’s Stability Pool , which makes money by buying collateralized ETH which has been liquidated. The boosted yield comes from reorganization and auto-compounding, rather than token inflation, suggesting a more sustainable model. The difference between LUSD Yield and boosted LUSD Yield. Lekhak underscored that the bonding process isn’t sealed once a user begins it. Users can actually “chicken out,” if a need for their LUSD comes up during bonding and they will get all their LUSD back, minus any yield accrued during the time since they initiated the bond. “You can chicken out anytime,” Liquity’s head of growth said. “I think that’s a novel concept in itself.” One-Way Bonding Liquity’s mechanism contrasts with OlympusDAO , which became hot last year after it pioneered a one-way bonding mechanism that allowed users to get discounted tokens in exchange for bonding certain assets. Like Liquity, Chicken Bonds use a decentralized frontend operator model instead of hosting the frontend themself. Five frontends are available as of Oct. 5. [embedded content] Users can also “chicken in,” meaning that they make bonding permanent. Liquity will permanently own the LUSD, which it will use in the exchange, Curve Finance, to deepen liquidity for LUSD, thus strengthening its dollar peg. Users in turn will get more bLUSD than the LUSD they deposited. As bLUSD is redeemable one-to-one for LUSD, a simple strategy would be to sell the bLUSD for LUSD and then bond again, thus compounding the boosted yield. Chicken Bonds also come with what the project is calling “Dynamic NFTs,” which represent the users Chicken Bond and change based on whether a user “chickens in” and takes the bLUSD, or “chickens out” and requests for their LUSD back. The visualization of the NFTs will also differ based on other factors, like whether a user’s wallet has borrowed against their ETH with Liquity. Lekhak noted that the NFTs, without which a user cannot receive their bLUSD, can sometimes end up much more valuable than even the boosted yield they represent. The head of growth at Liquity said one user who had the 100th Chicken Bond NFT capitalized on the round number by selling it for much more than the LUSD amount they had deposited. Editor’s Note: DeFi Alpha covered Liquity and Chicken Bonds in its latest newsletter. Coinsmart. Europe’s Best Bitcoin and Crypto Exchange. Click Here Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here. Source: https://thedefiant.io/liquity-breaks-defi-doldrums-with-chicken-bonds-offering/