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Voltz Labs 首席执行官 Simon Jones 加入 DeFi 2.71 讨论 Voltz Protcol 的旅程。
我们的 CEO Simon Jones 加入了 SeraphimDeFi 2.71 播客访谈。在谈话中，两人分解了许多关于 Voltz 协议的关键点。回听剧集或向下滚动以收听精彩片段。
完整聆听对话
为什么 Voltz Labs 决定将利率互换引入 DeFi？
I’m looking at if I stay where you can define us to get to in order to become the financial system for the whole of the world and what is the next 0 to 1 innovation is required in order to move the whole sector forwards and what we landed on is that the next pillar that’s really needed in this system is interest rates swaps, which may seem obvious for people that now look at it right, and see what we’re doing. But at the time, it really was not obvious at all, um and like I guess just to point the macro opportunity there if you look at traditional finance, as an example, there’s a quadrillion of notion exchange this year. It’s like cartoonishly large.
我正在考虑我是否能留在您定义我们要到达的地方，为了成为全世界的金融系统，以及为了推动整个行业的发展，下一个0到1的创新是什么。我们的结果是，这个系统真正需要的下一个支柱是利率互换，这对于现在正确看待它并看看我们在做什么的人来说似乎很明显。但在当时，这真的是一点都不明显，嗯，就像我想如果你看一下传统金融，我想只是指出那里的宏观机会，例如，今年有千万亿的概念交换。它就像卡通一样大。
And it’s is that large because it supports a wide spectrum of use cases from risk management through to speculation through to the construction of many different products as both for corporates and actually for retail, and for people who are not kind of financial whilst, you might not know what interest rate swap is actually there’s a reasonable chance you’ve interacted with a product uses it you just haven’t realized, so if you ever had a fixed-rate savings account of fixed-rate mortgage, what’s actually happening in the background is there’s kind of real low-level capital markets infrastructure which is interest rates swaps being used to package up that product such that you can use it as a consumer.
它之所以这么大，是因为它支持广泛的使用情况，从风险管理到投机，再到构建许多不同的产品，既适用于企业，也适用于零售，对于那些不懂金融的人来说，你可能不知道利率互换是什么，实际上，你有一个合理的机会与产品互动，只是你没有意识到。因此，如果你曾经有一个固定利率的储蓄账户或固定利率的抵押贷款，实际上在后台发生的是一种真正的低层次的资本市场基础设施，即利率互换被用来包装该产品，以便你可以作为一个消费者使用它。
使用 Voltz 作为原始 — 在不触及标的资产的情况下重建收益率
Could you talk about these use cases beyond the fixed income stuff?
你能谈谈固定收益以外的这些案例吗？
Yeah, so I think there’s. I mean, obviously, we talked about speculation, we talked about risk managemet. One that goes beyond that is being able to basically use Voltz as a way of reconstructing the rate that you get on an underlying asset. So,if I give an example of this,imagine you have ETH in a borrow-lend protocol. It could be Euler,of course It could be Compound. I’m gonna use Compound because they don’t support staked ETH at the moment and I know that you do. So imagine you’ve got ETH in Compound. You’ve borrowing against that but the cETH rate of return,you don’t like, so you want to get your staked ETH rate of return. What you can actually do with Voltz is, just by depositing margins and never actually touching your underlying assets. You can synthetically swap your cETH rate for a staked ETH rate of return. At which point, you’ve basically used Voltz as a primitive to reconstruct the rates you’re getting on these underlying assets without ever actually touching them.
好的，我认为有的。我的意思是，很显然我们谈到了投机，我们谈到了风险管理。但除此之外，还有一个能够基本上使用Voltz作为重建你在基础资产上得到的利率的方式。我来举一个例子，想象一下你在一个借贷协议中拥有ETH。这个借贷协议可以是Euler，当然也可以是Compound。我将使用Compound，因为他们目前不支持有stETH，我知道你支持。所以想象你在Compound有ETH。你用它来借钱，但你不喜欢cETH的回报率，所以你想得到你的stETH的回报率。实际上，你可以用Voltz做的是，只需存入保证金，而不必实际接触你的底层资产。你可以将你的cETH利率合成为一个stETH回报率。在这一点上，你基本上把Voltz作为一个原始工具来重建你在这些底层资产上得到的利率，而不需要实际接触它们。
在 DeFi 成为全世界的金融体系之前，它的成功是什么样的。
Centralized central banks always gonna have a vested interest to maintain control. Right? So will define become the financial system of the whole of the world, and all central banks will disappear. Hopefully like realistically. I don’t know that’s going to take quite a long time for something like that take place. But what it does do is it introduce competition. And I you know you think about the fact that we do not have any form of competition in the way in which like monetary policy decisions are made and this type of thing, it’s kind of crazy, really. And for the people that live in the west, I guess you know you kind of for the most part right the fed like bank of England, ecb, you believe they’re actually making like sense, reasonably sensible policy decision, the people that live in some emerging economies.
集权的中央银行总是会拥有既得利益来维持控制权。对的？因此，整个世界的金融体系都将被定义，所有的中央银行都将消失。希望在现实中实现。我不知道要花很长时间才能发生这样的事。但它所做的是引入竞争。你认为我们没有任何形式的竞争，比如货币政策决策的方式和这种类型的事情，这有点疯狂，真的。对于生活在西方的人来说，我想你知道你在很大程度上是对的，就像英格兰银行、欧洲央行一样，你相信他们实际上是在做出同样合理、合理明智的政策决定，生活在一些新兴经济体的人们。
So you think about some of the south Africa;South American economies, where they’ve had hyperinflation and they’ve just had like bonkers decisions made by like the policy makers.
所以你想想一些南非，南美经济体，他们有恶性通货膨胀，他们刚刚做出了像政策制定者一样疯狂的决定。
Actually now that you’ve got competition in your financial markets, they can’t do that stupid stuff because all them all caps will just leave. And it’ll just going to define, even if we don’t quite get the utopia where define is the financial system for the whole of the world right like the fact that it exists actually forces centralized finance to become better anyway.
实际上，现在你在金融市场上有了竞争，因为所有的资本都在离开，他们就不能做那些愚蠢的事情。它只是正在被定义，即使我们还没有完全理解为整个世界定义金融体系的乌托邦，就像它的存在实际上迫使中心化金融变得更好一样。
在 Voltz 协议上交易 SONIA 费率？！
this comes back to like what’s going to drive next wave of growth of define. I think there’s going to be multiple elements to that , but capital efficiency is going to be one of them yeah cool nice just the thing that I would add there in terms of rate oracles so because volts markets are synthetic, there’s nothing stopping us creating markets for trade fire rates right. So as long as there’s an oracle feed coming in of the price, you could trade, you can trade anything with a variable rate of return. So you know it’s not inconceivable in the future that people will start trading sony rates on volts protocol cool.
这又回到了什么会推动下一波增长的定义上。我认为这将有多种因素，但资本效率将是其中之一，是的，很好，只是我想补充的是，在利率指数方面，因为Voltz市场是合成的，没有什么能阻止我们创造市场正确的贸易火灾率，对吗？因此，只要有一个预言机的价格，你就可以交易，你可以交易任何回报率可变的东西。因此，所以你知道，未来人们将开始在 volts 协议上交易SONIA费率并不是不可想象的。
完整观看对话
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Voltz 是利率掉期 (IRS) 的非托管自动化做市商。该协议使用集中流动性虚拟 AMM (vAMM) 仅用于价格发现，并由保证金引擎执行基础资产的管理。这些模块的综合影响意味着交易对手可以通过一种比替代利率掉期模型高出 3,000 倍的资本效率的机制来创建和交易固定利率和可变利率。要了解更多信息，请访问：voltz.xyz
