{"id":4264,"date":"2026-09-17T17:57:36","date_gmt":"2026-09-17T09:57:36","guid":{"rendered":"https:\/\/www.sjzylove.com\/?p=4264"},"modified":"2026-09-17T17:57:36","modified_gmt":"2026-09-17T09:57:36","slug":"%e4%b8%ba%e4%bb%80%e4%b9%88-defi-%e5%af%b9%e6%9c%aa%e6%9d%a5%e9%87%91%e8%9e%8d%e8%87%b3%e5%85%b3%e9%87%8d%e8%a6%81%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.zsmjt.com\/?p=4264","title":{"rendered":"\u4e3a\u4ec0\u4e48 DeFi \u5bf9\u672a\u6765\u91d1\u878d\u81f3\u5173\u91cd\u8981\uff1f"},"content":{"rendered":"
\n

DeFi \u7684\u67b6\u6784\u91ca\u653e\u4e86\u65b0\u7684\u91d1\u878d\u81ea\u7531\uff0c\u6253\u7834\u4e86\u5730\u57df\u3001\u8eab\u4efd\u3001\u673a\u6784\u7684\u58c1\u5792\u3002<\/span><\/p>\n

DeFi \u5b9e\u9645\u7528\u4f8b<\/strong><\/p>\n

\u00b7 \u4f20\u7edf\u94f6\u884c\u4f53\u7cfb\u4f9d\u7136\u662f\u91d1\u878d\u7684\u57fa\u7840\uff0c\u4f46\u957f\u671f\u4ee5\u6765\u9971\u53d7\u7cfb\u7edf\u6027\u98ce\u9669\u3001\u76d1\u7ba1\u5931\u7075\u4ee5\u53ca\u5229\u76ca\u51b2\u7a81\u7684\u56f0\u6270\u3002<\/p>\n

\u00b7 \u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff08DeFi\uff09\u63d0\u4f9b\u4e86\u65e0\u9700\u8bb8\u53ef\u7684\u91d1\u878d\u5de5\u5177\u8bbf\u95ee\u65b9\u5f0f\u2014\u2014\u5177\u5907\u6297\u5ba1\u67e5\u6027\u3001\u65e0\u56fd\u754c\u7684\u7a33\u5b9a\u5e01\u4f7f\u7528\uff0c\u4ee5\u53ca\u900f\u660e\u7684\u6536\u76ca\u751f\u6210\u3002<\/p>\n

\u00b7 \u672a\u6765\u7684\u91d1\u878d\u683c\u5c40\u5c06\u6e90\u4e8e\u4f20\u7edf\u673a\u6784\u4e0e\u53bb\u4e2d\u5fc3\u5316\u57fa\u7840\u8bbe\u65bd\u4e4b\u95f4\u7684\u52a1\u5b9e\u878d\u5408\u3002<\/p>\n

\u5168\u7403\u91d1\u878d\u7cfb\u7edf\u5efa\u7acb\u5728\u5e9e\u5927\u7684\u4e2d\u4ecb\u7f51\u7edc\u4e4b\u4e0a\uff0c\u6bcf\u5929\u5904\u7406\u6570\u4e07\u4ebf\u7f8e\u5143\u7684\u4ea4\u6613\u3002\u8fd9\u79cd\u67b6\u6784\u5386\u53f2\u4e0a\u786e\u5b9e\u652f\u6491\u4e86\u5168\u7403\u8d38\u6613\u548c\u8d44\u672c\u6d41\u52a8\uff0c\u4f46\u4e5f\u5e26\u6765\u4e86\u74f6\u9888\u3001\u4f4e\u6548\u548c\u7cfb\u7edf\u6027\u98ce\u9669\u3002<\/p>\n

\u79d1\u6280\u4e0d\u65ad\u8fdb\u6b65\uff0c\u4f46\u4f20\u7edf\u673a\u6784\u4f9d\u7136\u6839\u6df1\u8482\u56fa\uff0c\u4e0d\u4ec5\u5728\u8fd0\u8425\u5c42\u9762\uff0c\u4e5f\u5728\u653f\u6cbb\u548c\u793e\u4f1a\u5c42\u9762\u3002\u6709\u4e9b\u673a\u6784\u88ab\u89c6\u4e3a\u300c\u5927\u800c\u4e0d\u80fd\u5012\u300d\uff0c\u800c\u53e6\u4e00\u4e9b\u5219\u5728\u6c89\u9ed8\u4e2d\u7834\u4ea7\u3002\u5c3d\u7ba1\u8bb8\u591a\u673a\u6784\u540d\u58f0\u663e\u8d6b\uff0c\u5b83\u4eec\u7684\u5386\u53f2\u4ecd\u7136\u88ab\u76d1\u7ba1\u8fdd\u89c4\u548c\u672a\u89e3\u51b3\u7684\u5229\u76ca\u51b2\u7a81\u6240\u73b7\u6c61\u3002<\/p>\n

\"DeFi<\/p>\n

\u8fd9\u4e9b\u73b0\u8c61\u53cd\u6620\u51fa\u4e00\u4e2a\u6df1\u5c42\u6b21\u7684\u7cfb\u7edf\u6027\u95ee\u9898\u2014\u2014\u4e0d\u4ec5\u662f\u76d1\u7ba1\u4e0d\u8db3\uff0c\u66f4\u662f\u4e00\u79cd\u8bbe\u8ba1\u7f3a\u9677\u3002<\/p>\n

\u66f4\u7cdf\u7684\u662f\uff0c\u76d1\u7ba1\u8005\u4e0e\u88ab\u76d1\u7ba1\u8005\u4e4b\u95f4\u7684\u754c\u9650\u5f80\u5f80\u6a21\u7cca\u3002\u524d SEC \u4e3b\u5e2d Gary Gensler \u5728\u76d1\u7ba1\u534e\u5c14\u8857\u4e4b\u524d\uff0c\u5728\u9ad8\u76db\u5de5\u4f5c\u4e86 18 \u5e74\uff1b\u7f8e\u8054\u50a8\u4e3b\u5e2d Jerome Powell \u5728\u5236\u5b9a\u8d27\u5e01\u653f\u7b56\u4e4b\u524d\u79ef\u7d2f\u4e86\u53ef\u89c2\u7684\u6295\u884c\u8d22\u5bcc\uff1b\u7f8e\u56fd\u524d\u8d22\u653f\u90e8\u957f Janet Yellen \u66fe\u4ece\u5979\u540e\u6765\u8981\u76d1\u7ba1\u7684\u91d1\u878d\u673a\u6784\u5904\u6536\u53d6\u8d85\u8fc7 700 \u4e07\u7f8e\u5143\u7684\u6f14\u8bb2\u8d39\u3002<\/p>\n

\u8bda\u7136\uff0c\u516c\u5171\u90e8\u95e8\u4e0e\u79c1\u8425\u90e8\u95e8\u4e4b\u95f4\u7684\u4e13\u4e1a\u80fd\u529b\u662f\u53ef\u4ee5\u517c\u5bb9\u7684\uff0c\u4f46\u8fd9\u79cd\u300c\u65cb\u8f6c\u95e8\u300d\u73b0\u8c61\u5e76\u4e0d\u65b0\u9c9c\uff0c\u5b83\u51e0\u4e4e\u5df2\u6210\u5e38\u6001\u3002<\/p>\n

\u4e2d\u592e\u94f6\u884c\u7684\u4f7f\u547d\u4e0e\u8fd0\u4f5c\u673a\u5236<\/h1>\n

1913 \u5e74\uff0c\u5728\u4e00\u7cfb\u5217\u94f6\u884c\u6324\u5151\u4e4b\u540e\uff0c\u7f8e\u8054\u50a8\u6210\u7acb\u3002\u7531 J.P. \u6469\u6839\u7b49\u91d1\u878d\u5bb6\u8bbe\u8ba1\uff0c\u7f8e\u8054\u50a8\u662f\u4e00\u4e2a\u51c6\u653f\u5e9c\u673a\u6784\uff1a\u7406\u8bba\u4e0a\u5bf9\u56fd\u4f1a\u8d1f\u8d23\uff0c\u4f46\u5728\u5b9e\u8df5\u4e2d\u72ec\u7acb\u8fd0\u4f5c\u3002<\/p>\n

1977 \u5e74\uff0c\u7f8e\u8054\u50a8\u7684\u53cc\u91cd\u4f7f\u547d\u88ab\u6b63\u5f0f\u786e\u7acb\uff1a<\/p>\n

\u00b7 \u6700\u5927\u5316\u5c31\u4e1a<\/strong><\/p>\n

\u00b7 \u4fdd\u6301\u4ef7\u683c\u7a33\u5b9a\uff08\u76ee\u524d\u88ab\u89e3\u8bfb\u4e3a\u7ea6 2% \u7684\u901a\u80c0\u7387\uff09<\/strong><\/p>\n

\u5c3d\u7ba1\u8d27\u5e01\u653f\u7b56\u5728\u4e0d\u65ad\u6f14\u53d8\uff0c\u5176\u4e3b\u8981\u5de5\u5177\u59cb\u7ec8\u5982\u4e00\uff1a\u5229\u7387\u8c03\u6574\u3001\u8d44\u4ea7\u8d1f\u503a\u8868\u6269\u5f20\u548c\u516c\u5f00\u5e02\u573a\u64cd\u4f5c\u3002<\/p>\n

\u81ea 2012 \u5e74\u4ee5\u6765\uff0c\u7f8e\u8054\u50a8\u660e\u786e\u5c06 2% \u5e74\u901a\u80c0\u7387\u4f5c\u4e3a\u76ee\u6807\uff0c\u8fd9\u4e00\u76ee\u6807\u5bf9\u8d44\u4ea7\u4ef7\u503c\u548c\u7f8e\u5143\u8d2d\u4e70\u529b\u4ea7\u751f\u4e86\u5e7f\u6cdb\u5f71\u54cd\u3002\u4ece\u957f\u671f\u5386\u53f2\u8d8b\u52bf\u770b\uff0c\u5229\u7387\u5448\u73b0\u7a33\u6b65\u4e0b\u964d\u3002<\/p>\n

\"DeFi<\/p>\n

\u968f\u7740\u91d1\u878d\u7cfb\u7edf\u6108\u52a0\u590d\u6742\u548c\u4e92\u8054\uff0c\u501f\u8d37\u6210\u672c\u6301\u7eed\u4e0b\u964d\u3002<\/p>\n

\u4ef7\u503c\u4e0e\u8ba4\u77e5<\/h1>\n

\u81ea 2008 \u5e74\u4ee5\u6765\uff0c\u7f8e\u8054\u50a8\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0e\u6807\u666e 500 \u6307\u6570\u7684\u76f8\u5173\u6027\u65e5\u76ca\u589e\u5f3a\uff0c\u5f15\u53d1\u4e86\u5173\u4e8e\u8d27\u5e01\u6269\u5f20\u957f\u671f\u5f71\u54cd\u7684\u7591\u95ee\u3002<\/p>\n

\"DeFi<\/p>\n

\u6709\u4eba\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u51ed\u501f\u5176\u5168\u7403\u4e3b\u5bfc\u5730\u4f4d\uff0c\u80fd\u591f\u4ee5\u8f83\u5c0f\u540e\u679c\u300c\u81ea\u7531\u5370\u949e\u300d\uff1b\u7f8e\u5143\u7684\u50a8\u5907\u8d27\u5e01\u5730\u4f4d\u4ee5\u53ca\u5168\u7403\u5bf9\u7f8e\u56fd\u673a\u6784\u7684\u4fe1\u4efb\uff0c\u4e3a\u5176\u63d0\u4f9b\u4e86\u5bf9\u6297\u901a\u80c0\u4fb5\u8680\u7684\u7f13\u51b2\u3002\u4f46\u5e76\u975e\u6240\u6709\u56fd\u5bb6\u90fd\u4eab\u6709\u8fd9\u79cd\u7279\u6743\u3002\u5728\u4e16\u754c\u8bb8\u591a\u5730\u533a\uff0c\u5c24\u5176\u662f\u5546\u54c1\u548c\u670d\u52a1\u5e76\u975e\u4ee5\u7f8e\u5143\u6216\u6b27\u5143\u8ba1\u4ef7\u7684\u5730\u65b9\uff0cDeFi \u4e0d\u662f\u53ef\u9009\u9879\uff0c\u800c\u662f\u5fc5\u9700\u54c1<\/strong>\u3002<\/p>\n

\u5728\u53d1\u8fbe\u7ecf\u6d4e\u4f53\uff0c\u6c11\u4f17\u53ef\u4ee5\u8ba8\u8bba\u53bb\u4e2d\u5fc3\u5316\u7684\u7406\u8bba\u597d\u5904\uff1b\u4f46\u5bf9\u6570\u5341\u4ebf\u975e\u53d1\u8fbe\u5730\u533a\u7684\u4eba\u6765\u8bf4\uff0c\u4ed6\u4eec\u9762\u4e34\u7684\u662f\u4f20\u7edf\u94f6\u884c\u65e0\u6cd5\u6216\u4e0d\u613f\u89e3\u51b3\u7684\u73b0\u5b9e\u95ee\u9898\uff1a\u8d27\u5e01\u8d2c\u503c\u3001\u8d44\u672c\u7ba1\u5236\u3001\u7f3a\u4e4f\u94f6\u884c\u57fa\u7840\u8bbe\u65bd\u3001\u653f\u6cbb\u52a8\u8361\u3002\u8fd9\u4e9b\u90fd\u9700\u8981\u4f20\u7edf\u4f53\u7cfb\u4e4b\u5916\u7684\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n

\u7a33\u5b9a\u5e01\u4e0e\u6297\u901a\u80c0<\/h1>\n

2021 \u81f3 2022 \u5e74\u95f4\uff0c\u571f\u8033\u5176\u7ecf\u5386\u4e25\u91cd\u7ecf\u6d4e\u52a8\u8361\uff0c\u901a\u80c0\u7387\u540c\u6bd4\u9ad8\u8fbe 78.6%\u3002<\/p>\n

\"DeFi<\/p>\n

\u5bf9\u666e\u901a\u6c11\u4f17\u800c\u8a00\uff0c\u5f53\u5730\u94f6\u884c\u65e0\u6cd5\u63d0\u4f9b\u6709\u6548\u7684\u5e94\u5bf9\u63aa\u65bd\uff0c\u4f46 DeFi \u53ef\u4ee5\u3002\u901a\u8fc7\u7a33\u5b9a\u5e01\u548c\u975e\u6258\u7ba1\u94b1\u5305\uff0c\u4eba\u4eec\u80fd\u591f\u907f\u514d\u8d44\u4ea7\u8d2c\u503c\u3001\u8fdb\u884c\u5168\u7403\u4ea4\u6613\u3001\u7ed5\u8fc7\u4e0d\u516c\u6b63\u7684\u8d44\u672c\u7ba1\u5236\u2014\u2014\u8fd9\u4e00\u5207\u90fd\u901a\u8fc7\u4efb\u4f55\u4eba\u90fd\u80fd\u8bbf\u95ee\u7684\u5f00\u6e90\u5de5\u5177\u5b9e\u73b0\u3002<\/p>\n

\u8fd9\u4e9b\u94b1\u5305\u65e0\u9700\u94f6\u884c\u8d26\u6237\uff0c\u65e0\u9700\u7e41\u7410\u6587\u4e66\uff0c\u53ea\u9700\u8981\u79c1\u94a5\u6216\u52a9\u8bb0\u8bcd\u5373\u53ef\u8bbf\u95ee\u94fe\u4e0a\u8d26\u6237\u3002<\/p>\n

\u6297\u5ba1\u67e5\u80fd\u529b<\/h1>\n

\u5927\u91cf\u5728\u7f8e\u52a0\u8fb9\u5883\u6297\u8bae\u7684\u5361\u8f66\u53f8\u673a\u7684\u94f6\u884c\u8d26\u6237\u88ab\u5b98\u65b9\u51bb\u7ed3\uff0c\u4f7f\u4ed6\u4eec\u65e0\u6cd5\u507f\u8fd8\u8d37\u6b3e\u548c\u8d2d\u4e70\u751f\u6d3b\u5fc5\u9700\u54c1\u2014\u2014\u5c3d\u7ba1\u4ed6\u4eec\u5e76\u6ca1\u6709\u8fdd\u53cd\u4efb\u4f55\u5177\u4f53\u7684\u6cd5\u6761\u3002<\/p>\n

\u5728\u4e2d\u5fc3\u5316\u4f53\u7cfb\u4e2d\uff0c\u91d1\u878d\u81ea\u4e3b\u6743\u5e76\u975e\u7406\u6240\u5f53\u7136\uff0c\u800c DeFi \u63d0\u4f9b\u4e86\u4e00\u79cd\u4e0d\u540c\u7684\u6a21\u5f0f\uff1a\u57fa\u4e8e\u5f00\u653e\u57fa\u7840\u8bbe\u65bd\uff0c\u7531\u4ee3\u7801\u6cbb\u7406\uff0c\u800c\u975e\u5730\u533a\u653f\u7b56\u3002<\/p>\n

\u6536\u76ca\u4e0e\u521b\u65b0<\/h1>\n

DeFi \u534f\u8bae\u91cd\u65b0\u5b9a\u4e49\u4e86\u91d1\u878d\u539f\u8bed\uff1a\u501f\u8d37\u3001\u4ea4\u6613\u3001\u4fdd\u9669\u7b49\uff0c\u4f46\u8fd9\u4e9b\u521b\u65b0\u4f34\u968f\u65b0\u98ce\u9669\u3002<\/p>\n

\u4e00\u4e9b\u534f\u8bae\u5d29\u6e83\u4e86\uff0c\u6076\u610f\u53c2\u4e0e\u8005\u88ab\u63ed\u9732\uff0c\u4f46\u5e02\u573a\u5728\u81ea\u7136\u7b5b\u9009\u53ef\u6301\u7eed\u7684\u521b\u65b0\u3002\u5e78\u5b58\u8005\u2014\u2014\u5982\u81ea\u52a8\u505a\u5e02\u5546\uff08AMM\uff09\u548c\u6d41\u52a8\u6027\u6c60\u2014\u2014\u4ee3\u8868\u4e86 DeFi \u7684\u6700\u4f73\u5b9e\u8df5\uff1a \u6784\u5efa\u900f\u660e\u3001\u65e0\u9700\u8bb8\u53ef\u7684\u57fa\u7840\u8bbe\u65bd\uff0c\u5c06\u4ea4\u6613\u624b\u7eed\u8d39\u5206\u914d\u7ed9\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\uff0c\u800c\u4e0d\u662f\u8ba9\u505a\u5e02\u5229\u6da6\u96c6\u4e2d\u5728\u5c11\u6570\u628a\u5173\u8005\u624b\u4e2d\u3002<\/p>\n

\"DeFi<\/p>\n

\u8fd9\u4e0e\u4f20\u7edf\u91d1\u878d\u662f\u622a\u7136\u4e0d\u540c\u7684\u6a21\u5f0f\u2014\u2014\u4f20\u7edf\u5e02\u573a\u7684\u51c6\u5165\uff0c\u5c24\u5176\u662f\u505a\u5e02\u4e1a\u52a1\uff0c\u9ad8\u5ea6\u53d7\u9650\u4e14\u7f3a\u4e4f\u900f\u660e\u5ea6\u3002<\/p>\n

\u5e73\u8861\u7684\u672a\u6765<\/h1>\n

\u81f3\u5c11\u5728\u77ed\u671f\u5185\uff0c\u91d1\u878d\u7684\u672a\u6765\u4e0d\u4f1a\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316\uff0c\u4e5f\u4e0d\u4f1a\u5b8c\u5168\u4e2d\u5fc3\u5316\uff0c\u800c\u662f\u6df7\u5408\u5f62\u6001\u3002DeFi \u5e76\u975e\u4f20\u7edf\u91d1\u878d\u7684\u5168\u9762\u66ff\u4ee3\uff0c\u4f46\u5b83\u786e\u5b9e\u586b\u8865\u4e86\u4f20\u7edf\u7cfb\u7edf\u5ffd\u7565\u7684\u7a7a\u767d\uff1a\u53ef\u53ca\u6027\u3001\u6297\u5ba1\u67e5\u6027\u3001\u900f\u660e\u6027\u3002\u5728\u53d7\u533a\u57df\u6027\u901a\u80c0\u6216\u91d1\u878d\u538b\u5236\u56f0\u6270\u7684\u7ecf\u6d4e\u4f53\uff0cDeFi \u5df2\u7ecf\u5728\u89e3\u51b3\u65e5\u5e38\u95ee\u9898\u3002<\/p>\n

\u5728\u50cf\u7f8e\u56fd\u8fd9\u6837\u94f6\u884c\u4f53\u7cfb\u66f4\u5b89\u5168\u7684\u56fd\u5bb6\uff0cDeFi \u7684\u4ef7\u503c\u547d\u9898\u540c\u6837\u6210\u7acb\uff0c\u4f46\u66f4\u591a\u662f\u7406\u8bba\u4e0a\u7684\u3002\u5bf9\u7a33\u5b9a\u7ecf\u6d4e\u4f53\u7684\u5927\u591a\u6570\u4eba\u800c\u8a00\uff0c\u4f20\u7edf\u94f6\u884c\u4f9d\u7136\u63d0\u4f9b\u4e86 DeFi \u5c1a\u672a\u5b8c\u5168\u5339\u654c\u7684\u4fbf\u5229\u6027\u3001\u6d88\u8d39\u8005\u4fdd\u62a4\u4e0e\u53ef\u9760\u6027\u3002\u4e00\u65e6\u4f20\u7edf\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u5347\u7ea7\u4e3a\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u7ed3\u7b97\u5c42\uff0c\u8fd9\u4e00\u7406\u8bba\u5c06\u9010\u6e10\u6210\u4e3a\u73b0\u5b9e\u3002<\/p>\n

\u5728\u90a3\u4e4b\u524d\uff0c\u5c06\u4f1a\u6709\u4e00\u90e8\u5206\u4eba\u8ffd\u6c42\u91d1\u878d\u4e3b\u6743\uff0c\u4e00\u90e8\u5206\u521b\u4e1a\u8005\u5728\u524d\u6cbf\u6784\u5efa\uff0c\u4e00\u90e8\u5206\u806a\u660e\u8d44\u91d1\u5229\u7528 DeFi \u539f\u8bed\u83b7\u53d6\u66f4\u9ad8\u7684\u98ce\u9669\u8c03\u6574\u6536\u76ca\u2014\u2014\u5f53\u7136\uff0c\u4f34\u968f\u7684\u8fd8\u6709\u5927\u91cf\u7684 Meme \u5e01\u548c\u7a7a\u6295\u6d3b\u52a8\u3002<\/p>\n

\u522b\u4eba\u600e\u4e48\u770b\uff1f<\/h1>\n

\u300cDeFi \u7684\u76ee\u6807\u4e0d\u662f\u5bf9\u6297\u4f20\u7edf\u91d1\u878d\uff0c\u800c\u662f\u6253\u9020\u4e00\u4e2a\u5f00\u653e\u3001\u53ef\u8bbf\u95ee\u7684\u91d1\u878d\u7cfb\u7edf\uff0c\u4ee5\u8865\u5145\u73b0\u6709\u57fa\u7840\u8bbe\u65bd\u3002\u300d\u2014\u2014\u4ee5\u592a\u574a\u8054\u5408\u521b\u59cb\u4eba Vitalik Buterin<\/p>\n

\u300cDeFi \u534f\u8bae\u4ee3\u8868\u4e86\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u7684\u8303\u5f0f\u8f6c\u53d8\uff0c\u63d0\u4f9b\u4e86\u53ef\u7f16\u7a0b\u3001\u900f\u660e\u7684\u4f20\u7edf\u91d1\u878d\u670d\u52a1\u66ff\u4ee3\u65b9\u6848\u3002\u300d\u2014\u2014\u5df4\u585e\u5c14\u5927\u5b66\u5206\u5e03\u5f0f\u8d26\u672c\u6280\u672f\u6559\u6388 Dr.Fabian Sch\u00e4r<\/p>\n

\u300c\u867d\u7136 DeFi \u5e73\u53f0\u53ef\u80fd\u63d0\u4f9b\u6709\u524d\u666f\u7684\u6280\u672f\u521b\u65b0\uff0c\u4f46\u5b83\u4eec\u4ecd\u9700\u5728\u4e00\u4e2a\u4fdd\u62a4\u6295\u8d44\u8005\u3001\u7ef4\u62a4\u5e02\u573a\u5b8c\u6574\u6027\u7684\u6846\u67b6\u4e0b\u8fd0\u4f5c\u3002\u2014\u2014\u524d\u7f8e\u56fd SEC \u4e3b\u5e2d Gary Gensler<\/p>\n

\u4e3a\u4ec0\u4e48 DeFi \u5f88\u91cd\u8981<\/h1>\n

\u7ecf\u6d4e\u6ce2\u52a8\u4e0e\u5236\u5ea6\u4fe1\u4efb\u7f3a\u5931\u7684\u4e16\u754c\u4e2d\uff0c\u53bb\u4e2d\u5fc3\u5316\u7cfb\u7edf\u6b63\u9010\u6e10\u5c55\u73b0\u80fd\u529b\uff1a\u5229\u7528\u533a\u5757\u94fe\u7684\u65b0\u5c5e\u6027\u589e\u5f3a\u4f20\u7edf\u652f\u4ed8\u548c\u91d1\u878d\u8fd0\u4f5c\u3002<\/p>\n

DeFi \u7684\u67b6\u6784\u2014\u2014\u65e0\u9700\u8bb8\u53ef\u3001\u5168\u7403\u5316\u3001\u900f\u660e\u2014\u2014\u91ca\u653e\u4e86\u65b0\u7684\u91d1\u878d\u81ea\u7531\uff0c\u6253\u7834\u4e86\u5730\u57df\u3001\u8eab\u4efd\u3001\u673a\u6784\u7684\u58c1\u5792\u3002\u667a\u80fd\u5408\u7ea6\u81ea\u52a8\u5316\u590d\u6742\u6d41\u7a0b\u3001\u964d\u4f4e\u6210\u672c\u3001\u6d88\u9664\u6469\u64e6\uff0c\u8fd9\u4e9b\u90fd\u662f\u4f20\u7edf\u57fa\u7840\u8bbe\u65bd\u65e0\u6cd5\u505a\u5230\u7684\u3002<\/p>\n

\u98ce\u9669\u4f9d\u7136\u5b58\u5728\uff0c\u4f46\u8fdb\u6b65\u4e5f\u5728\u53d1\u751f\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

DeFi \u7684\u67b6\u6784\u91ca\u653e\u4e86\u65b0\u7684\u91d1\u878d\u81ea\u7531\uff0c\u6253\u7834\u4e86\u5730\u57df\u3001\u8eab\u4efd\u3001\u673a\u6784\u7684\u58c1\u5792\u3002 DeFi \u5b9e\u9645\u7528\u4f8b \u00b7 \u4f20\u7edf\u94f6\u884c\u4f53\u7cfb\u4f9d\u7136\u662f…<\/p>\n","protected":false},"author":2,"featured_media":2710,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=\/wp\/v2\/posts\/4264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4264"}],"version-history":[{"count":1,"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=\/wp\/v2\/posts\/4264\/revisions"}],"predecessor-version":[{"id":6808,"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=\/wp\/v2\/posts\/4264\/revisions\/6808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=\/wp\/v2\/media\/2710"}],"wp:attachment":[{"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zsmjt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}