# Сопутствующие статьи по теме On-Chain

Новостной центр HTX предлагает последние статьи и углубленный анализ по "On-Chain", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Limits of Finance, The Channel Value of Global Markets

This article explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing institutional interest in on-chain vaults and real-world assets (RWA). While major asset managers like BlackRock and Apollo are investing heavily in DeFi tokens, the sector faces challenges, including liquidity crises and structural limitations. A central theme is the absence of a native DeFi risk-free interest rate. Despite multiple attempts—from algorithmic stablecoins to liquidity staking tokens—DeFi has largely adopted USDT and USDC for their scale, effectively making U.S. Treasury bonds the de facto benchmark. However, this dependency creates vulnerability, as DeFi cannot interact bidirectionally with traditional finance. The article argues that the next phase of DeFi will revolve around vaults—on-chain repositories that aggregate assets and yield. These vaults, managed by "curators," aim to offer fixed-rate products and credit systems but currently lack mechanisms for asset price inflation and clear risk management. The piece concludes that while vaults and curators are gaining traction, the true innovation lies in creating efficient "channels" or broker-like systems that enhance global capital flow. These could eventually replace centralized exchanges as the primary liquidity hubs, enabling a more integrated and efficient financial system without relying on traditional tokenomics.

marsbit03/10 13:23

The Limits of Finance, The Channel Value of Global Markets

marsbit03/10 13:23

Virtuals Collaborates with Ethereum Foundation to Release ERC-8183: A Trustless On-Chain Commerce Protocol

ERC-8183: Trustless On-Chain Commerce Protocol for AI Agents Virtuals Protocol and the Ethereum Foundation dAI team have jointly proposed ERC-8183, a standard for enabling trustless on-chain commercial interactions between AI agents. This is not merely a payment protocol but a comprehensive framework for task specification, escrow, delivery verification, and evaluator certification—forming the infrastructure for agentic commerce. The proposal addresses the core challenge of trust in AI-to-AI transactions, where traditional platforms or intermediaries are undesirable. It introduces a minimal "Job" primitive involving three parties: Client, Provider, and Evaluator. A Job progresses through states—Open, Funded, Submitted, and Terminal (Completed/Rejected/Expired)—ensuring programmable, neutral execution via smart contracts. Funds are held in escrow and released only upon evaluator approval of the work submitted. A key innovation is the modular "Hooks" system, allowing custom logic—such as bidding, reputation gating, or privacy preservation—to be added without modifying the core standard. ERC-8183 synergizes with ERC-8004 (Agent Identity and Reputation), creating a closed loop of discovery, transaction, and reputation accumulation. This standard aims to support an open, permissionless agent economy, enabling AI agents to transact at scale without relying on centralized platforms or traditional trust mechanisms. It is designed for extensibility and adaptability, anticipating diverse future use cases in decentralized AI commerce.

marsbit03/10 05:47

Virtuals Collaborates with Ethereum Foundation to Release ERC-8183: A Trustless On-Chain Commerce Protocol

marsbit03/10 05:47

Behind the 25% Surge: The On-Chain Life-and-Death Game of Hyperliquid

A dramatic 25% surge in WTI crude oil prices, reaching $119.5 per barrel, has triggered a high-stakes on-chain showdown on the Hyperliquid derivatives exchange. The price spike was driven by a geopolitical crisis: the seven-day blockade of the Strait of Hormuz, a critical chokepoint for 20% of global oil supply. This event led to massive liquidations for several prominent traders who had heavily shorted oil. Key figures include trader CBB, who faced a $3.8 million unrealized loss on a $13.78 million short position, and the account "2 frères 2 fauves," the platform's largest oil short with a $3.4 million loss. Both faced liquidation at $120.76. Another whale, 0x8Af7, was fully liquidated, losing $1.55 million, only to immediately reopen a new $6.48 million short position. In contrast, Sky (formerly MakerDAO) co-founder Rune Christensen profited significantly, gaining over $1.36 million from a $7.82 million long position opened around $93. He employed a sophisticated macro-hedging strategy, simultaneously shorting ETH and equity indices to bet on war-driven oil premiums and risk-off sentiment. The event highlights the emergence and risks of on-chain commodity trading. Platforms like Hyperliquid offer democratized access to leveraged oil futures without traditional brokers or safeguards. However, the automated, unforgiving liquidation mechanisms provide no protection against black swan events like a geopolitical crisis, demonstrating that while the tools are new, the lessons of leverage and risk remain starkly old.

比推03/09 08:45

Behind the 25% Surge: The On-Chain Life-and-Death Game of Hyperliquid

比推03/09 08:45

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