{"id":8538,"date":"2025-02-12T12:38:22","date_gmt":"2025-02-12T03:38:22","guid":{"rendered":"https:\/\/defire.jp\/?p=8538"},"modified":"2025-02-12T12:38:22","modified_gmt":"2025-02-12T03:38:22","slug":"elixir1","status":"publish","type":"post","link":"https:\/\/defire.jp\/elixir1\/","title":{"rendered":"Elixir\u306e\u7406\u89e3\u3092\u6df1\u3081\u308b \u524d\u7de8"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" 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>\u72ec\u81ea\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u300cdeUSD\u300d\u306e\u5b58\u5728<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/defire.jp\/elixir1\/#Elixir%E3%81%AE%E6%8A%80%E8%A1%93%E7%9A%84%E3%81%AA%E4%BB%95%E7%B5%84%E3%81%BF\" >Elixir\u306e\u6280\u8853\u7684\u306a\u4ed5\u7d44\u307f<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/defire.jp\/elixir1\/#DPoS%E3%83%99%E3%83%BC%E3%82%B9%E3%81%AE%E5%88%86%E6%95%A3%E3%83%8D%E3%83%83%E3%83%88%E3%83%AF%E3%83%BC%E3%82%AF\" >DPoS\u30d9\u30fc\u30b9\u306e\u5206\u6563\u30cd\u30c3\u30c8\u30ef\u30fc\u30af<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/defire.jp\/elixir1\/#%E3%82%B9%E3%83%9E%E3%83%BC%E3%83%88%E3%82%B3%E3%83%B3%E3%83%88%E3%83%A9%E3%82%AF%E3%83%88%E3%81%AB%E3%82%88%E3%82%8B%E6%B5%81%E5%8B%95%E6%80%A7%E3%83%97%E3%83%BC%E3%83%AB\" >\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306b\u3088\u308b\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/defire.jp\/elixir1\/#deUSD%E3%81%AB%E3%82%88%E3%82%8B%E5%88%A9%E5%9B%9E%E3%82%8A%E4%BB%98%E3%81%8D%E3%83%89%E3%83%AB%E3%81%AE%E6%8F%90%E4%BE%9B\" >deUSD\u306b\u3088\u308b\u5229\u56de\u308a\u4ed8\u304d\u30c9\u30eb\u306e\u63d0\u4f9b<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/defire.jp\/elixir1\/#Elixir%E3%81%8C%E3%82%82%E3%81%9F%E3%82%89%E3%81%99%E5%88%A9%E7%82%B9%E3%81%A8%E9%9D%A9%E6%96%B0%E6%80%A7\" >Elixir\u304c\u3082\u305f\u3089\u3059\u5229\u70b9\u3068\u9769\u65b0\u6027<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/defire.jp\/elixir1\/#%E6%B5%81%E5%8B%95%E6%80%A7%E3%81%AE%E6%B0%91%E4%B8%BB%E5%8C%96\" >\u6d41\u52d5\u6027\u306e\u6c11\u4e3b\u5316<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-size:10px;\">\u30b5\u30e0\u30cd\u30a4\u30eb\u306e\u5f15\u7528\u5143:<a href=\"https:\/\/www.elixir.xyz\/\">Elixir<\/a><\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"%E3%81%AF%E3%81%98%E3%82%81%E3%81%AB\"><\/span>\u306f\u3058\u3081\u306b<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>\u8fd1\u5e74\u306e\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u3067\u306f\u3001\u5206\u6563\u578b\u91d1\u878d\uff08DeFi\uff09\u306e\u767a\u5c55\u306b\u4f34\u3063\u3066\u591a\u304f\u306e\u53d6\u5f15\u6240\u304c\u8a95\u751f\u3057\u3001\u9769\u65b0\u7684\u306a\u4ed5\u7d44\u307f\u304c\u6570\u591a\u304f\u767b\u5834\u3057\u3066\u304d\u307e\u3057\u305f\u3002Uniswap\u306b\u4ee3\u8868\u3055\u308c\u308bAMM\u306e\u4ed5\u7d44\u307f\u306f\u3001\u73fe\u5728\u5206\u6563\u578b\u53d6\u5f15\u6240\u306e\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3044\u307e\u3060\u5927\u304d\u306a\u8ab2\u984c\u306e\u3072\u3068\u3064\u3068\u3057\u3066\u6b8b\u3063\u3066\u3044\u308b\u306e\u304c\u3001\u6d41\u52d5\u6027\u306e\u4e0d\u8db3\u3067\u3059\u3002\u7279\u306b\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u65b9\u5f0f\u3092\u63a1\u7528\u3059\u308b\u53d6\u5f15\u6240\u306e\u5834\u5408\u306f\u3001Wintermute\u3084Jump trading\u306e\u3088\u3046\u306a\u4e2d\u592e\u96c6\u6a29\u578b\u306e\u5927\u624b\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\uff08MM\uff09\u306b\u983c\u3089\u3056\u308b\u3092\u5f97\u306a\u3044\u5c40\u9762\u3082\u591a\u304f\u3001\u4e2d\u9577\u671f\u7684\u306b\u306f\u5e02\u5834\u306e\u516c\u5e73\u6027\u3084\u900f\u660e\u6027\u3001\u8cc7\u672c\u52b9\u7387\u306e\u9762\u3067\u61f8\u5ff5\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u3046\u3057\u305f\u72b6\u6cc1\u3092\u6253\u7834\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u304c\u3001Elixir\u3068\u547c\u3070\u308c\u308b\u5206\u6563\u578b\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ad\u30f3\u30b0\u30d7\u30ed\u30c8\u30b3\u30eb\u3067\u3059\u3002Elixir\u306f\u5206\u6563\u578b\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u6ce8\u6587\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3092\u69cb\u7bc9\u3057\u3001\u8ab0\u3067\u3082\u7c21\u5358\u306b\u6d41\u52d5\u6027\u4f9b\u7d66\u306b\u53c2\u52a0\u3067\u304d\u308b\u4ed5\u7d44\u307f\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002\u3055\u3089\u306b\u81ea\u524d\u3067\u767a\u884c\u3059\u308b\u72ec\u81ea\u306e\u5408\u6210\u30c9\u30eb\u8cc7\u7523deUSD\u3068\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3001\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306e\u6d41\u52d5\u6027\u4e0d\u8db3\u3084\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u30ea\u30b9\u30af\u5206\u6563\u306a\u3069\u3001\u8907\u6570\u306e\u8ab2\u984c\u3092\u5305\u62ec\u7684\u306b\u89e3\u6c7a\u3059\u308b\u3053\u3068\u3092\u76ee\u6307\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u524d\u7de8\u3067\u306f\u3001Elixir\u306e\u6982\u8981\u3084\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u7406\u5ff5\u3001\u305d\u3057\u3066\u4e3b\u306a\u6280\u8853\u7684\u7279\u5fb4\u306b\u3064\u3044\u3066\u7d39\u4ecb\u3057\u306a\u304c\u3089\u3001\u305d\u306e\u91cd\u8981\u6027\u3092\u7d10\u89e3\u3044\u3066\u3044\u304d\u307e\u3059\u3002\u6b21\u4e16\u4ee3\u306e\u5206\u6563\u578b\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u3092\u652f\u3048\u308b\u4e2d\u6838\u7684\u30a4\u30f3\u30d5\u30e9\u3068\u3057\u3066\u6ce8\u76ee\u5ea6\u304c\u9ad8\u307e\u308bElixir\u304c\u3001\u306a\u305c\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30a4\u30f3\u30d1\u30af\u30c8\u3092\u3082\u305f\u3089\u3059\u306e\u304b\u3002\u305d\u306e\u80cc\u666f\u3084\u4ed5\u7d44\u307f\u3092\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Elixir%E3%81%A8%E3%81%AF%E4%BD%95%E3%81%8B\"><\/span>Elixir\u3068\u306f\u4f55\u304b<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2><span class=\"ez-toc-section\" id=\"%E5%88%86%E6%95%A3%E5%9E%8B%E3%81%AE%E3%83%9E%E3%83%BC%E3%82%B1%E3%83%83%E3%83%88%E3%83%A1%E3%82%A4%E3%82%AD%E3%83%B3%E3%82%B0%E3%83%8D%E3%83%83%E3%83%88%E3%83%AF%E3%83%BC%E3%82%AF\"><\/span>\u5206\u6563\u578b\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ad\u30f3\u30b0\u30cd\u30c3\u30c8\u30ef\u30fc\u30af<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u5148\u8ff0\u3057\u305f\u3088\u3046\u306b\u3001\u6697\u53f7\u8cc7\u7523\u306e\u53d6\u5f15\u6240\u3067\u4e3b\u6d41\u306eAMM\u65b9\u5f0f\u306f\u3001\u57fa\u672c\u7684\u306b\u4e00\u822c\u306e\u30e6\u30fc\u30b6\u30fc\u3092\u542b\u3081\u3066\u3001\u8ab0\u3082\u304c\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\u306b\u306a\u308a\u5f97\u308b\u3068\u3044\u3046\u5229\u70b9\u304c\u3042\u308b\u4e00\u65b9\u3001\u5927\u53e3\u6ce8\u6587\u304c\u5165\u3063\u305f\u3068\u304d\u306e\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\u3084\u3001\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u65b9\u5f0f\u3068\u6bd4\u8f03\u3057\u305f\u969b\u306e\u4fa1\u683c\u767a\u898b\u80fd\u529b\u306e\u4e0d\u8db3\u306a\u3069\u304c\u6307\u6458\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u3002\u5b9f\u969b\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306a\u3069\u306e\u5927\u53e3\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u4f9d\u7136\u3068\u3057\u3066\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u5f62\u5f0f\u3092\u597d\u3080\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002\u6628\u4eca\u3001TVL\u3092\u98db\u8e8d\u7684\u306b\u4f38\u3070\u3057\u3066\u3044\u308bHyperliquid\u306a\u3069\u306f\u305d\u306e\u969b\u305f\u308b\u4f8b\u3067\u3042\u308b\u3068\u8003\u3048\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u65b9\u5f0f\u3092\u63a1\u7528\u3059\u308bDEX\u3067\u306f\u3001\u9ad8\u5ea6\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30af\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u3092\u3059\u308b\u4e3b\u4f53\u306f\u3001\u4e0d\u8db3\u3057\u304c\u3061\u3067\u3059\u3002\u307e\u305f\u305d\u3082\u305d\u3082Ethereum\u306a\u3069\u306e\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u3067\u306f\u3001\u30d0\u30ea\u30c7\u30fc\u30bf\u30fc\u3084\u30d6\u30ed\u30c3\u30af\u306e\u4f5c\u6210\u306b\u7279\u5316\u3057\u305f\u30d3\u30eb\u30c0\u30fc\u304c\u53d6\u5f15\u306e\u9806\u756a\u3092\u6c7a\u3081\u308b\u6a29\u5229\u3092\u6301\u3064\u305f\u3081\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\u304c\u6700\u9069\u306a\u6d41\u52d5\u6027\u63d0\u4f9b\u6226\u7565\u3092\u5b9f\u884c\u3059\u308b\u3053\u3068\u304c\u56f0\u96e3\u3067\u3042\u308b\u3068\u3044\u3046\u5074\u9762\u3082\u3042\u308a\u307e\u3059\u3002\u305f\u3060\u3001\u3053\u306e\u70b9\u306fAbitrum\u3084Base\u3068\u3044\u3063\u305fLayer2\u3067\u306f\u53d6\u5f15\u306e\u9806\u756a\u3092\u6c7a\u3081\u308b\u30b7\u30fc\u30b1\u30f3\u30b7\u30f3\u30b0\u30eb\u30fc\u30eb\u304c\u5148\u7740\u9806\u3067\u3042\u3063\u305f\u308a\u3001\u30ac\u30b9\u30d5\u30a3\u30fc\u9806\u3067\u3042\u308b\u305f\u3081\u3001\u4e00\u5b9a\u6539\u5584\u3055\u308c\u3066\u3044\u308b\u70b9\u3092\u88dc\u8db3\u3057\u307e\u3059\u3002\u4ee5\u4e0a\u306e\u554f\u984c\u70b9\u3092\u8e0f\u307e\u3048\u3066\u3001Elixir\u306f\u3001\u8ab0\u3082\u304c\u5206\u6563\u578b\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\u306b\u306a\u308c\u308b\u4ed5\u7d44\u307f\u3092\u63d0\u4f9b\u3057\u3001\u5e02\u5834\u5168\u4f53\u306e\u6d41\u52d5\u6027\u3092\u98db\u8e8d\u7684\u306b\u9ad8\u3081\u3088\u3046\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Elixir\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306b\u306f\u8907\u6570\u306e\u30d0\u30ea\u30c7\u30fc\u30bf\u304c\u53c2\u52a0\u3057\u3001\u305d\u308c\u305e\u308c\u304c\u540c\u4e00\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u3092\u5b9f\u884c\u3057\u3066\u3001\u5404\u53d6\u5f15\u6240\u306e\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u306b\u81ea\u52d5\u3067\u6ce8\u6587\u3092\u914d\u7f6e\u3059\u308b\u3068\u3044\u3046\u5206\u6563\u578b\u306e\u8a2d\u8a08\u3092\u63a1\u3063\u3066\u3044\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u3001Elixir\u304c\u7528\u610f\u3059\u308b\u30d7\u30fc\u30eb\u306b\u8cc7\u7523\u3092\u9810\u3051\u5165\u308c\u308b\u3060\u3051\u3067\u3001\u624b\u8efd\u306b\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u5e02\u5834\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ad\u30f3\u30b0\u306b\u53c2\u52a0\u3067\u304d\u308b\u306e\u3067\u3059\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E7%8B%AC%E8%87%AA%E3%82%B9%E3%83%86%E3%83%BC%E3%83%96%E3%83%AB%E3%82%B3%E3%82%A4%E3%83%B3%E3%80%8CdeUSD%E3%80%8D%E3%81%AE%E5%AD%98%E5%9C%A8\"><\/span>\u72ec\u81ea\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u300cdeUSD\u300d\u306e\u5b58\u5728<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elixir\u304c\u3082\u3046\u4e00\u3064\u91cd\u8981\u8996\u3057\u3066\u3044\u308b\u306e\u304c\u3001\u72ec\u81ea\u306b\u767a\u884c\u3059\u308b\u5206\u6563\u578b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3001deUSD\u3067\u3059\u3002\u3053\u308c\u306f\u8907\u6570\u306e\u62c5\u4fdd\u8cc7\u7523\u3092\u5143\u306b\u767a\u884c\u3055\u308c\u308b\u5408\u6210\u30c9\u30eb\u3067\u3001\u4e3b\u306bETH\u306e\u7121\u671f\u9650\u5148\u7269\u3092\u5229\u7528\u3057\u305f\u30b7\u30e7\u30fc\u30c8\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3001\u30c7\u30eb\u30bf\u30cb\u30e5\u30fc\u30c8\u30e9\u30eb\u3092\u4fdd\u3061\u30011\u30c9\u30eb\u4ed8\u8fd1\u306e\u4fa1\u5024\u3092\u5b89\u5b9a\u3055\u305b\u308b\u4ed5\u7d44\u307f\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u62c5\u4fdd\u8cc7\u7523\u306b\u306f\u3001\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u916c\u4ed8\u304d\u306estETH\u3084\u3001\u56fd\u50b5\u3092\u88cf\u4ed8\u3051\u3068\u3057\u305f\u8cc7\u7523\u306a\u3069\u304c\u7d44\u307f\u8fbc\u307e\u308c\u3066\u304a\u308a\u3001\u57fa\u790e\u7684\u306a\u5229\u56de\u308a\u304cdeUSD\u4fdd\u6709\u8005\u306b\u9084\u5143\u3055\u308c\u308b\u3068\u3044\u3046\u8a2d\u8a08\u3082\u7279\u5fb4\u7684\u3067\u3059\u3002\u540c\u69d8\u306e\u4ed5\u7d44\u307f\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u306f\u3001\u3053\u3061\u3089\u3082\u83ab\u5927\u306aTVL\u3092\u62b1\u3048\u308bEthena\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<br \/>\ndeUSD\u306fElixir\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u5168\u4f53\u306e\u57fa\u8ef8\u901a\u8ca8\u3068\u3057\u3066\u6a5f\u80fd\u3057\u3001\u53d6\u5f15\u6240\u3067\u306e\u8a3c\u62e0\u91d1\u3084\u6d41\u52d5\u6027\u63d0\u4f9b\u306e\u901a\u8ca8\u306b\u3082\u4f7f\u308f\u308c\u307e\u3059\u3002\u7d50\u679c\u3068\u3057\u3066\u3001\u5358\u306a\u308b1\u30c9\u30eb\u30da\u30c3\u30b0\u901a\u8ca8\u306b\u3068\u3069\u307e\u3089\u305a\u3001\u5229\u606f\u306e\u751f\u307e\u308c\u308b\u5f62\u3067\u8cc7\u672c\u3092\u52b9\u7387\u7684\u306b\u904b\u7528\u3067\u304d\u308b\u70b9\u304c\u3001\u5927\u304d\u306a\u5dee\u5225\u5316\u30dd\u30a4\u30f3\u30c8\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Elixir%E3%81%AE%E6%8A%80%E8%A1%93%E7%9A%84%E3%81%AA%E4%BB%95%E7%B5%84%E3%81%BF\"><\/span>Elixir\u306e\u6280\u8853\u7684\u306a\u4ed5\u7d44\u307f<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/defire.jp\/wp-content\/uploads\/2025\/02\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2025-02-07-10.28.17.png\" alt=\"\" \/><br \/>\n\u5f15\u7528\u5143:<a href=\"https:\/\/mirror.xyz\/0x565D380416a2889b817C6Eb493f6DeeF029212Aa\/H3gzaOI1HdiPpjnAylc0iD7BJifjyp8y3j1yT5yFrP0?ref=research.despread.io\">Cazu<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DPoS%E3%83%99%E3%83%BC%E3%82%B9%E3%81%AE%E5%88%86%E6%95%A3%E3%83%8D%E3%83%83%E3%83%88%E3%83%AF%E3%83%BC%E3%82%AF\"><\/span>DPoS\u30d9\u30fc\u30b9\u306e\u5206\u6563\u30cd\u30c3\u30c8\u30ef\u30fc\u30af<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elixir\u306e\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306f\u3001Delegated Proof of Stake\uff08DPoS\uff09\u3092\u63a1\u7528\u3057\u3001\u8907\u6570\u306e\u30d0\u30ea\u30c7\u30fc\u30bf\u304c\u5171\u540c\u3067\u6d41\u52d5\u6027\u63d0\u4f9b\u3092\u884c\u3046\u8a2d\u8a08\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30d0\u30ea\u30c7\u30fc\u30bf\u306f\u5404\u53d6\u5f15\u6240\u306e\u6700\u65b0\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u3092\u53d6\u5f97\u3057\u3064\u3064\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30af\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u3092\u8d70\u3089\u305b\u307e\u3059\u3002\u4e2d\u3067\u3082\u3088\u304f\u77e5\u3089\u308c\u308bAvellaneda-Stoikov\u30e2\u30c7\u30eb\u306a\u3069\u304c\u6d3b\u7528\u3055\u308c\u3001\u5e02\u5834\u4fa1\u683c\u3084\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306a\u3069\u306e\u8981\u7d20\u3092\u8003\u616e\u3057\u306a\u304c\u3089\u3001\u5e38\u306b\u30d3\u30c3\u30c9\u30fb\u30a2\u30b9\u30af\u4e21\u30b5\u30a4\u30c9\u3067\u6700\u9069\u306a\u6ce8\u6587\u3092\u51fa\u3059\u3088\u3046\u306b\u8abf\u6574\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u4e00\u9023\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u8a08\u7b97\u3068\u6ce8\u6587\u63d0\u6848\u306f\u3001\u57fa\u672c\u7684\u306b\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u3067\u9ad8\u901f\u51e6\u7406\u3055\u308c\u307e\u3059\u3002\u4e0d\u6b63\u3092\u50cd\u3044\u305f\u30d0\u30ea\u30c7\u30fc\u30bf\u306b\u5bfe\u3057\u3066\u306f\u3001\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u3067fraud proof\uff08\u4e0d\u6b63\u8a3c\u660e\uff09\u3092\u884c\u3044\u3001\u51e6\u7f70\u3067\u304d\u308b\u4ed5\u7d44\u307f\u3092\u53d6\u308a\u5165\u308c\u3066\u3044\u307e\u3059\u3002\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u306e\u9ad8\u901f\u6027\u3068\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u306e\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u30aa\u30d7\u30c6\u30a3\u30df\u30b9\u30c6\u30a3\u30c3\u30af\u306a\u30e2\u30c7\u30eb\u306b\u3088\u3063\u3066\u3001\u9ad8\u901f\u6ce8\u6587\u3068\u6b63\u78ba\u306a\u691c\u8a3c\u3092\u4e21\u7acb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E3%82%B9%E3%83%9E%E3%83%BC%E3%83%88%E3%82%B3%E3%83%B3%E3%83%88%E3%83%A9%E3%82%AF%E3%83%88%E3%81%AB%E3%82%88%E3%82%8B%E6%B5%81%E5%8B%95%E6%80%A7%E3%83%97%E3%83%BC%E3%83%AB\"><\/span>\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306b\u3088\u308b\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u30e6\u30fc\u30b6\u30fc\u304cElixir\u3092\u4ecb\u3057\u3066\u6d41\u52d5\u6027\u3092\u63d0\u4f9b\u3059\u308b\u969b\u306f\u3001\u5404\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u3001\u4f8b\u3048\u3070\u3001Ethereum\u3084Arbitrum\u3001Starknet\u3001Sui\u306a\u3069\u306e\u5c02\u7528\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306b\u8cc7\u7523\u3092\u30ed\u30c3\u30af\u3057\u307e\u3059\u3002\u305d\u306e\u5f8c\u3001\u30e6\u30fc\u30b6\u30fc\u306f\u5bfe\u5fdc\u3059\u308bELP\u30c8\u30fc\u30af\u30f3\uff08LP\u30c8\u30fc\u30af\u30f3\uff09\u3092\u53d7\u3051\u53d6\u308a\u307e\u3059\u3002<br \/>\n\u4e00\u65b9\u3001\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u306eElixir\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306f\u3001\u3053\u306e\u30ed\u30c3\u30af\u3055\u308c\u305f\u8cc7\u91d1\u3092\u3082\u3068\u306b\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u306b\u6ce8\u6587\u3092\u914d\u7f6e\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u5206\u6563\u5316\u3055\u308c\u305f\u591a\u6570\u306eLP\u8cc7\u91d1\u3092\u7d71\u5408\u7684\u306b\u904b\u7528\u3067\u304d\u308b\u305f\u3081\u3001\u677f\u306e\u539a\u307f\u304c\u5897\u3057\u3066\u6ce8\u6587\u304c\u5b89\u5b9a\u3057\u307e\u3059\u3002\u30e6\u30fc\u30b6\u30fc\u306f\u3044\u3064\u3067\u3082ELP\u30c8\u30fc\u30af\u30f3\u3092\u511f\u9084\u3057\u3001\u9810\u3051\u5165\u308c\u305f\u8cc7\u7523\uff0b\u03b1\uff08\u53d6\u5f15\u6240\u304b\u3089\u306e\u30e1\u30a4\u30ab\u30fc\u5831\u916c\u3084\u53d6\u5f15\u624b\u6570\u6599\u306e\u5206\u914d\uff09\u3092\u5f15\u304d\u51fa\u3059\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"deUSD%E3%81%AB%E3%82%88%E3%82%8B%E5%88%A9%E5%9B%9E%E3%82%8A%E4%BB%98%E3%81%8D%E3%83%89%E3%83%AB%E3%81%AE%E6%8F%90%E4%BE%9B\"><\/span>deUSD\u306b\u3088\u308b\u5229\u56de\u308a\u4ed8\u304d\u30c9\u30eb\u306e\u63d0\u4f9b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/defire.jp\/wp-content\/uploads\/2025\/02\/deUSD-1.png\" alt=\"\" \/><br \/>\n\u5f15\u7528\u5143:<a href=\"https:\/\/revelointel.com\/project-breakdown\/resolv\/\">REVELOINTEL<\/a><br \/>\nElixir\u306f\u81ea\u524d\u3067\u767a\u884c\u3059\u308bdeUSD\u3092\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068\u4f75\u305b\u3066\u8a3c\u62e0\u91d1\u3068\u3057\u3066\u4f4d\u7f6e\u3065\u3051\u3066\u304a\u308a\u3001\u7279\u306b\u7121\u671f\u9650\u5148\u7269\u3092\u6271\u3046DEX\u3067\u8a3c\u62e0\u91d1\u3068\u3057\u3066\u6d3b\u7528\u3067\u304d\u307e\u3059\u3002deUSD\u306f\u30de\u30eb\u30c1\u30b3\u30e9\u30c6\u30e9\u30eb\uff08\u8907\u6570\u62c5\u4fdd\uff09\u65b9\u5f0f\u3067\u5b89\u5168\u6027\u3092\u9ad8\u3081\u3064\u3064\u3001\u62c5\u4fdd\u8cc7\u7523\u304c\u3082\u3064\u5229\u56de\u308a\uff08\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u916c\u3084\u56fd\u50b5\u306e\u5229\u606f\u306a\u3069\uff09\u3092deUSD\u4fdd\u6709\u8005\u306b\u9084\u5143\u3067\u304d\u308b\u70b9\u306b\u7279\u8272\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u5f93\u6765\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u300c1\u30c9\u30eb\u3092\u7dad\u6301\u3059\u308b\u300d\u3053\u3068\u304c\u6700\u512a\u5148\u3067\u3001\u904b\u7528\u5229\u56de\u308a\u304c\u5229\u7528\u8005\u306b\u76f4\u63a5\u9084\u5143\u3055\u308c\u308b\u30b1\u30fc\u30b9\u306f\u591a\u304f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u3057\u304b\u3057deUSD\u306f\u3001\u30c7\u30eb\u30bf\u30cb\u30e5\u30fc\u30c8\u30e9\u30eb\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u69cb\u7bc9\u3057\u3064\u3064\u30d9\u30fc\u30b9\u5229\u56de\u308a\u3092\u53d6\u308a\u8fbc\u3080\u3068\u3044\u3046\u9769\u65b0\u7684\u306a\u8a2d\u8a08\u306b\u3088\u308a\u3001\u4fdd\u6709\u30e1\u30ea\u30c3\u30c8\u3092\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u3063\u3066\u3001\u591a\u304f\u306e\u8cc7\u672c\u304cElixir\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306b\u96c6\u307e\u308a\u3084\u3059\u304f\u306a\u308a\u3001\u3055\u3089\u306b\u5e02\u5834\u306e\u6d41\u52d5\u6027\u304c\u6f64\u6ed1\u306b\u306a\u308b\u3068\u3044\u3046\u597d\u5faa\u74b0\u304c\u751f\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Elixir%E3%81%8C%E3%82%82%E3%81%9F%E3%82%89%E3%81%99%E5%88%A9%E7%82%B9%E3%81%A8%E9%9D%A9%E6%96%B0%E6%80%A7\"><\/span>Elixir\u304c\u3082\u305f\u3089\u3059\u5229\u70b9\u3068\u9769\u65b0\u6027<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2><span class=\"ez-toc-section\" id=\"%E6%B5%81%E5%8B%95%E6%80%A7%E3%81%AE%E6%B0%91%E4%B8%BB%E5%8C%96\"><\/span>\u6d41\u52d5\u6027\u306e\u6c11\u4e3b\u5316<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u578bDEX\u306e\u5f31\u70b9\u306f\u3001\u5c02\u9580\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\u304c\u4e0d\u8db3\u3059\u308b\u3053\u3068\u3067\u677f\u304c\u8584\u304f\u306a\u308a\u304c\u3061\u3067\u3042\u308b\u70b9\u3067\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u58f2\u8cb7\u5dee\uff09\u304c\u5e83\u304c\u308a\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u4e0d\u5229\u306a\u5e02\u5834\u74b0\u5883\u304c\u751f\u307e\u308c\u307e\u3059\u3002Elixir\u306f\u300c\u30e6\u30fc\u30b6\u30fc\u304c\u8cc7\u7523\u3092\u30d7\u30fc\u30eb\u306b\u9810\u3051\u308c\u3070\u3001\u3042\u3068\u306f\u81ea\u52d5\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u304c\u4e21\u5efa\u3066\u6ce8\u6587\u3092\u51fa\u3059\u300d\u8a2d\u8a08\u306a\u306e\u3067\u3001\u521d\u5fc3\u8005\u304b\u3089\u6a5f\u95a2\u6295\u8cc7\u5bb6\u307e\u3067\u8ab0\u3067\u3082\u6d41\u52d5\u6027\u63d0\u4f9b\u306b\u53c2\u52a0\u3067\u304d\u307e\u3059\u3002\u3053\u3046\u3057\u305f<strong>\u201c\u5206\u6563\u578b\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30af\u201d<\/strong>\u306b\u3088\u3063\u3066\u3001CEX\uff08\u4e2d\u592e\u96c6\u6a29\u53d6\u5f15\u6240\uff09\u306e\u3088\u3046\u306a\u6df1\u3044\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u304c\u5f62\u6210\u3055\u308c\u308c\u3070\u3001DEX\u306e\u53d6\u5f15\u4f53\u9a13\u304c\u5927\u304d\u304f\u6539\u5584\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"\u30b5\u30e0\u30cd\u30a4\u30eb\u306e\u5f15\u7528\u5143:Elixir \u306f\u3058\u3081\u306b \u8fd1\u5e74\u306e\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u3067\u306f\u3001\u5206\u6563\u578b\u91d1\u878d\uff08DeFi\uff09\u306e\u767a\u5c55\u306b\u4f34\u3063\u3066\u591a\u304f\u306e\u53d6\u5f15\u6240\u304c\u8a95\u751f\u3057\u3001\u9769\u65b0\u7684\u306a\u4ed5\u7d44\u307f\u304c\u6570\u591a\u304f\u767b\u5834\u3057\u3066\u304d\u307e\u3057\u305f\u3002Uniswap\u306b\u4ee3\u8868\u3055\u308c\u308bAMM\u306e\u4ed5\u7d44\u307f\u306f\u3001\u73fe\u5728\u5206\u6563\u578b [&hellip;]","protected":false},"author":88,"featured_media":8559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166,143],"tags":[721,722],"class_list":["post-8538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-how-to-use-protocol","category-advanced","tag-elixir","tag-722"],"_links":{"self":[{"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/posts\/8538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/comments?post=8538"}],"version-history":[{"count":6,"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/posts\/8538\/revisions"}],"predecessor-version":[{"id":8561,"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/posts\/8538\/revisions\/8561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/media\/8559"}],"wp:attachment":[{"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/media?parent=8538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/categories?post=8538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/defire.jp\/wp-json\/wp\/v2\/tags?post=8538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}