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data-param=\"1\" id=\"dai-bi-she-ji\">\u4ee3\u5e01\u8bbe\u8ba1<\/h2><span class=\"replacer\"><\/span><h2 data-param=\"0.8\" id=\"otokens-v1\">oTokens V1<\/h2><span 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data-param=\"0.8\" id=\"otokens-v2\">oTokens V2<\/h2><span class=\"replacer\"><\/span><p>\u5728\u7248\u672c2\u4e2d\uff0c\u5b83\u7684\u4e0d\u540c\u4e4b\u5904\u5728\u4e8e\u5b83\u662f\u4f7f\u7528\u4ea4\u6613\u59d4\u6258\u8d26\u672c\u7684\u65b9\u6cd5\u8fdb\u884c\u73b0\u91d1\u7ed3\u7b97\u7684\u3002\u5b83\u53ef\u4ee5\u5339\u914d\u4e0d\u540c\u79cd\u7c7b\u7684\u8ba2\u5355\uff0c\u8fd9\u4e5f\u662f\u4f60\u83b7\u5f97\u4ef7\u683c\u53d1\u73b0\u7684\u65b9\u5f0f\u3002oToken\u4e5f\u5c31\u662f\u5f53\u4f60\u6295\u5165ETH\u65f6\u94f8\u9020\u51fa\u6765\u7684\u3002\u5b83\u4f1a\u94f8\u9020\u51fa\u7684oETH\u53ef\u4ee5\u5728\u96c6\u4e2d\u5f0f\u4ea4\u6613\u59d4\u6258\u8d26\u672c\u65b9\u6cd5\u4e2d\u8fdb\u884c\u4ea4\u6613\uff0c\u7136\u540e\u53c8\u53ef\u4ee5\u5728gamma\u95e8\u6237\u4e2d\u8fdb\u884c\u4ea4\u6613\u3002<\/p><h2 data-param=\"1\" id=\"zaiv2zhong-dao-qi\">\u5728V2\u4e2d\u5230\u671f<\/h2><span 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href=\"https:\/\/economicsdesign.substack.com\/p\/ep-42-economics-of-opyn-explained\">https:\/\/economicsdesign.substack.com\/p\/ep-42-economics-of-opyn-explained<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u5728\u672c\u6587\u4e2d\uff0c\u6211\u4eec\u5c06\u4e86\u89e3\u4e00\u4e0bOpyn\u5e73\u53f0\uff0c\u8be5\u5e73\u53f0\u63d0\u4f9b\u7684\u671f\u6743\u57fa\u672c\u4e0a\u53ef\u4ee5\u7ec4\u5408\u5230\u4e0d\u540c\u7684\u4ed3\u4f4d\u4e0a\u3002Opyn\u7ecf\u5386\u4e862\u4e2a\u7248\u672c\uff0c\u6211\u4eec\u4e5f\u4f1a\u63d0\u4f9b\u6709\u5173\u8fd9\u4e24\u4e2a\u7248\u672c\u7684\u4fe1\u606f\u3002\u603b\u4f53\u800c\u8a00\uff0cOpyn\u901a\u8fc7\u63d0\u4f9b\u4e24\u79cd\u4e0d\u540c\u7684\u65b9\u6cd5\u6765\u89e3\u51b3\u5176\u6d41\u52a8\u8d44\u91d1\u6027\u95ee\u9898\u3002\u4ec0\u4e48\u662fOpyn\uff1fOpyn\u662fDeFi\u9886\u57df\u4e0a\u7684\u7b2c\u4e00\u4e2a\u671f\u6743\u5e73\u53f0\u3002\u5b83\u4f7f\u7528\u7684\u662f\u51f8\u6027\u534f\u8bae\uff08Convexity 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