Abathengisi beziseko zophuhliso zeDeFi abaBalaseleyo kwiiBhanki kunye neeShishini

Imali yesikhungo itshintshe kakhulu emva kokuphatha iDeFi njengovavanyo. Amaziko amakhulu aquka iJPMorgan, iBlackRock, kunye neFidelity andise imisebenzi eqhubekayo kunyaka ophelileyo. Umbuzo ojongene namaziko ngoku asikokuba achukumise iDeFi na kodwa kukuba ngabaphi abathengisi abazakwakha ngabo iziseko zeDeFi zeZiko.

Yintoni iZiseko zeDeFi zeZiko? 

Isiseko seDeFi seZiko sibhekisa kwi-teknoloji edibeneyo edibanisa iinkqubo zeshishini ezivumela iinethiwekhi ze-blockchain zikarhulumente nezabucala. Ithatha indawo yokungena kweprotocol yokufikelela evulekileyo ngamasango omngcipheko wesikhungo, ngokukodwa ukudibanisa iinjini ze-wallet ze-MPC, ukujonga ukuthengiselana ngexesha langempela, iinethiwekhi ze-oracle zeshishini, kunye namachibi okuthengisa avumelekileyo kwiqonga elidibeneyo. Olu lwakhiwo luvumela iibhanki kunye nabaphathi beeasethi ukuba basebenzise imali kwi-chain ngelixa behlangabezana neemfuno zomthetho ze-OCC, i-MiCA, kunye nengingqi.

Abathengisi beziseko zophuhliso zeDeFi abaphezulu kwiZiko ngo-2027

Umthengisi weZiseko zeDeFi eziGqibeleleyo kunye neQabane loHlanganisa

1. I-Antier

I-Antier yeyona kuphela umthengisi weziseko zeDeFi ezipheleleyo kuluhlu. Ngokungafaniyo nababoneleli beziseko zeDeFi abanenjongo enye, i-Antier inokwakha ngokwezifiso ukugcinwa okusemthethweni, ukuthobela imithetho, i-oracle kunye neengqimba zokufikelela ezivumelekileyo okanye inokudibanisa izisombululo zomntu wesithathu kwiqonga leDeFi elidibeneyo, elilungele uphicotho.

Kwiziko eliqala uphuhliso lweDeFi lweziko ukusuka ekuqaleni, isigqibo sokwakha nokudibanisa sidla ngokuza ngaphambi kokukhethwa komthengisi omnye, yiyo loo nto sikhokela kolu luhlu. Abathengisi abaziingcali kuzo zonke iindlela zokugcina, ukuthobela imithetho, kunye neengxelo zobuxoki badla ngokuvavanywa kwaye badityaniswe ngeqabane lophuhliso lweDeFi nokudibanisa elifana ne-Antier, endaweni yokukhethwa bodwa.

Ukugcinwa kunye noKhuseleko lweeAsethi Abathengisi beziseko zophuhliso

2. Izithintelo zomlilo 

I-Fireblocks ibonelela ngenethiwekhi yokugcina nokuhlawula esekwe kwi-MPC, esetyenziswa kakhulu njengendlela yokulawula imali ezinzileyo kunye nolawulo lwe-digital-asethi treasury.

3. I-Anchorage Digital

I-Anchorage Digital yibhanki yokuqala ye-asethi yedijithali ebhalisiweyo ngurhulumente e-US (i-OCC conditional charter, 2021). Imeko yayo yebhanki elawulwayo ibaluleke ngokukodwa kumaziko ajongene neTradFi afuna umgcini ofanelekileyo kwaye kungekhona nje isipaji esikhuselekileyo esiphethwe yiziko. 

4. BitGo

I-BitGo yindawo ehlala ixesha elide egcina i-multi-sig kunye ne-MPC enikezela ngeenkonzo ezibanzi zokugcinwa kwabantwana kunye neenkonzo zokuhlawula amatyala. 

Ababoneleli beZiseko zoLawulo kunye noBuchule

5. Chainalysis

I-Chainalysis iyinxalenye ebalulekileyo yokubeka esweni intengiselwano kunye nezixhobo zokuthobela imithetho, esebenza njengesiseko okanye isiseko esisisiseko seenkqubo ezininzi zokuthobela imithetho ye-DeFi. 

6. I-elliptic

I-Elliptic inika izisombululo zokuthobela imithetho kunye nokubeka amanqaku emngciphekweni ngokugubungela imithetho ye-EU kunye ne-UK, nto leyo eyenza ukuba ibe yinto efanayo kunye ne-Chainalysis kumaziko asebenza kuwo onke amazwe ase-US naseYurophu. 

Abathengisi beziseko zophuhliso lwedatha ye-Oracles kunye nomngcipheko

7. Ikhonkco

I-Chainlink isebenza njengenethiwekhi ye-oracle ebalaseleyo yophuhliso lweziseko zeDeFi. Ugutyungelwe yiMessari ka-2026 luyibeka njengomboneleli weqonga leDeFi eligcweleyo endaweni yokuyinika ixabiso elilula, nto leyo ebonisa indlela egxile ngayo kwiiplagi zeDeFi ezikwiziko kunye nendima yayo njenge-oracle esisiseko emva kwamaxabiso e-NAVLink ka-Aave Horizon.

8. Inethiwekhi yePyth

I-Pyth Network inika idatha yemarike ebambezeleka kancinci, nto leyo eyenza ukuba ibe yinto ethandwa kakhulu, okanye enye indlela, yeChainlink kuphuhliso lweqonga leDeFi lezikhungo apho isantya sokondla sibaluleke kakhulu. 

IiProtokholi zeDeFi eziVunyelweyo

9. I-Aave Horizon

I-Aave Horizon yimarike yemali mboleko ye-RWA-collateral ye-Aave Labs, eyasungulwa ngo-2025 kwaye ixhaswa yi-Circle, Ripple, Centrifuge, Securitize, VanEck, Hamilton Lane, kunye ne-WisdomTree. Ivumela amaziko ukuba aboleke i-USDC, i-RLUSD, okanye i-GHO ngokuchasene nee-asethi ezitokeniweyo ezifana nee-Treasury funds zexesha elifutshane. Le protocol isebenza kwi-Aave V3, emi njengeyona protocol inkulu yemali mboleko ye-DeFi ene-asethi engaphezulu kwe-$66B. 

10. IMaple Finance

I-Maple Finance isebenza njengemarike yetyala ekwi-intanethi. Ngokutsho kohlaziyo lwe-ecosystem lwe-Maple lwekota yesibini ka-2026 , i-AUM yayo ye-H1 2026 ifikelele kwi-$4.6B (ukunyuka kwe-81% kunyaka-mali) kunye ne-$1.9B kwimali mboleko esebenzayo, ifikelela ekukhuleni nangona imakethi yokuboleka imali ye-DeFi incipha.

Qaphela: Eli li-10 eliphezulu, aliphelelanga. Abathengisi beziseko zeDeFi bahlanganisana ngokukhawuleza, kwaye ibango "eliqinisekileyo" lokubeka amanqaku lingaguga kakubi kwiinyanga ezimbalwa.

Indlela yokuvavanya i-Institutional DeFi Infrastructure Vendor Stack, hayi umthengisi nje

Eyona mpazamo ixhaphakileyo eyenziwa zizikhungo kukuvavanya udidi lwesoftware ngodidi endaweni ye-stack nge-stack. Xa umgcini kunye nomthengisi wokuthobela imithetho bengabelani ngedatha ngaphandle kokuphazamiseka, benza imisebenzi yokulungelelanisa ngesandla ephelisa iingenelo zokusebenza kweDeFi.

Ngaphambi kokukhetha abathengisi beziseko zeDeFi zeZiko, vavanye ukuhambelana kwesitayile sakho ngokuchasene nezi khrayitheriya ziphambili:

• Ukuhlanganiswa kokugcinwa komthetho: Qinisekisa ukuba iqonga lakho lokugcina lidibana ngokwendalo nomgangatho wakho wokuthobela imithetho ukuze kube lula ukujonga ukuthengiselana.
• Ukuhambelana kwe-Oracle-to-Protocol: Qinisekisa ukuba umboneleli wakho we-oracle uyayixhasa injongo yakho i-DeFi evunyelweyo iiprotokholi. (Umzekelo, iChainlink ibonelela ngeenkonzo zamaxabiso zeAave Horizon ngelixa idityaniswa nesixhobo sokuthobela imithetho esikufutshane neChainalysis.)
• Amava oHlanganisa: Qinisekisa ukuba inkampani yakho yophuhliso lweDeFi inamava okunxibelelana kwezi njini zabathengisi, endaweni yokuzisebenzisa zodwa.

Iingqwalasela zoLawulo loMmandla

Ukukhethwa kwabathengisi beziseko zeDeFi kuhluka kakhulu ngokuxhomekeke kummandla:

• Eunited States: Amaziko abeka phambili abagcini abafanelekileyo abaqeshwe yi-OCC abanjengo-Anchorage Digital kunye neenkqubo zokuthobela imithetho ezihambelana ne-SEC.
• Udibano lwaseyurophu: Amaziko avumelekileyo ukwakha okanye iDeFi yesikhungo phantsi kweMiCA axhomekeke kwizixhobo zokuthobela imithetho yengingqi ezifana neElliptic ukuze ahlangabezane nemigangatho engqongqo yokongamela.
• I-UAE kunye neSingapore: Amaqumrhu asebenza phantsi kwe-VARA okanye athatha inxaxheba kwi-sandbox ye-MAS's Project Guardian akhetha iiprotokholi ezivumelekileyo ezifana ne-Aave Horizon. La maqonga abonelela ngolawulo olucwangcisiweyo kunye nolawulo oluhambelana ngqo nemiyalelo yomthetho yasekuhlaleni.

Ukuthathwa kokugqibela

Ukusasaza iDeFi kwinqanaba lesikhungo kufuna ukuhlanganisa abathengisi bezisombululo zenqaku kwindawo yokusebenza edibeneyo nehambelanayo. Nokuba kukwakha iileya zeprotocol ezizimeleyo okanye ukudibanisa iinjini ezikhethekileyo ezisele zimiselwe njengeFireblocks kunye neChainlink, ukuba neqabane elinye loyilo kususa ukungqubana kokudibanisa kwaye kukhawulezise ixesha lokuthengisa.

I-Antier inamava anzulu okwakha iileya zeprotocol zamaziko ezizimeleyo kwaye idibanisa iinjini zabathengisi abaziingcali eziphambili kwimarike kwiistakhi zeDeFi ezidibeneyo nezilungele uphicotho-zincwadi. 

Yakha i-DeFi stack yakho ukusuka ekuqaleni ukuya ekupheleni ngeNkampani yoPhuhliso lweDeFi engcono kakhulu.