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[虚拟币交流]
相关分析师表示,在美国可能降息的情况下,DeFi 收益率将回升(转)
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据研究和经纪公司 Bernstein 的分析师称,随着美联储降息预期临近,周三可能会降息 25 或 50 个基点,去中心化金融(DeFi)收益率有望回升。2 K! m% ]& ?# `8 r2 d3 O
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「随着降息的临近,DeFi 收益再次显得具有吸引力。这可能成为重启加密信贷市场并重新点燃对 DeFi 和以太坊兴趣的催化剂,」Gautam Chhugani、Mahika Sapra 和 Sanskar Chindalia 在周一的一份客户报告中写道。
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8 M1 p( {" p7 X ?6 u( C( DDeFi 使全球参与者能够通过向去中心化借代市场提供流动性等方式,在稳定币(如 USDC 和 USDT)上获得收益。
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. z/ }- x- z% Q3 Z虽然 2020 年 DeFi 夏季的热潮已成遥远的记忆,当时通过附加应用 Token 激励产生的高额收益也早已不复存在,但以太坊上最大的借代市场 Aave 仍提供 3.7% 到 3.9% 的稳定币借代收益。# d' t. M- f( H1 T/ }* o3 a
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1、DeFi 再次崛起/ A( F8 }$ ?' K
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分析师指出,随着利率周期转向宽松,新一轮加密周期正在积聚,加密借代市场再次复苏。; a! s' J' t I7 s
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' l, [+ t7 S; i# C尽管 DeFi 中锁定的总价值仍只有 2021 年峰值的一半,但从 2022 年低点起已翻倍至 770 亿美元,且月度 DeFi 用户数量自低点以来增长了三到四倍。( l- O* l/ E) S0 p
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/ O& w$ Y$ p! _$ N8 H6 t VChhugani、Sapra 和 Chindalia 表示,根据 The Block 的数据仪表板,稳定币市值也回升至约 1780 亿美元的高位,月活跃钱包数量稳定在约 3000 万。他们补充道,这些「都是加密 DeFi 市场复苏的迹象,随着利率下降,市场有望进一步加速。」
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如果加密交易者的信贷需求增加,稳定币 DeFi 收益率可能会超过 5%,超越美元货币市场基金的收益。这将进一步重振加密信贷市场,并推动数字资产价格上涨,他们表示。
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2、押注 Aave 并重回以太坊
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为了反映这一趋势,Bernstein 将 AaveToken 加入其数字资产组合,以替代衍生品协议 GMX 和 Synthetix。分析师指出,Aave 的未偿债务总额从 2023 年 1 月的低点增长了三倍,尽管比特币价格波动不大甚至略有下跌,AaveToken 在过去 30 天内仍上涨了 23%。该组合还包括 BTC、ETH、OP、ARB、POL、LDO、SOL、UNI、LINK 和 RON。. j9 d/ R- d: ?: k9 J
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根据 TradingView 的数据,由于现货 ETF 资金流入表现不佳,以太币相对比特币的表现疲软,过去 12 个月的比率下跌了 36%,并在周末首次跌破自 2021 年 4 月以来的 0.04 关口。! k5 O1 K/ e5 ~4 @, {! P
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1 K( D' z9 m& a) C; Z( v然而,分析师表示,以太坊上的 DeFi 借代市场的复苏可能会吸引大型鲸鱼和机构投资者重回加密信贷市场,为以太币相对于比特币的低迷表现提供一个转折点。「我们认为,现在可能是时候重新关注 DeFi 和以太坊了,」他们补充道。
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$ q8 D1 _+ n7 s. hGautam Chhugani 在多种加密货币上持有多头头寸。简单来说,就是他对这些加密货币的未来表现持看涨态度,并且已经投资了这些加密货币,希望它们的价格在未来上涨。2 N! Y3 M) m" h0 C: K( [% [# L
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