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MakerDAO的subDAO模式值得深究。仔细看MakerDAO和Spark的合作架构,最核心的储蓄借贷业务被完全独立出去,而Spark通过持续注入USDS和DAI的方式维持增长——这些业务产生的利润竟然不需要反馈给MakerDAO生态,这就有意思了。
表面看起来MakerDAO做了个"割舍"的决定,但背后的逻辑呢?是战略考量还是结构性失误?很多DeFi项目确实在观察这个案例——到底是把核心业务独立运营能产生更大的生态价值,还是这种分离会让主体协议逐渐被边缘化。
MakerDAO选择这条路线,本意可能是通过subDAO扩展生态,但从收益分配的角度来说,这种模式能否长期自洽是个值得讨论的问题。其他DeFi项目怎么看这种生态分割的策略?
我看这就是MakerDAO在豪赌,赌的是Spark越独立生态越强,但现实呢?利润全是Spark的,风险全是MakerDAO扛,这谁想到的啊
话说回来,要是Spark真的做起来了,那MKR还有什么价值...算了,我还是继续加仓守住不动,最后这一次机会了
感觉有点像甩包袱,美其名曰生态扩展。