{"id":17537,"date":"2022-05-10T10:49:42","date_gmt":"2022-05-10T01:49:42","guid":{"rendered":"https:\/\/sipo.tokyo\/?p=17537"},"modified":"2022-05-10T10:55:24","modified_gmt":"2022-05-10T01:55:24","slug":"the-stablecoin-candidate","status":"publish","type":"post","link":"https:\/\/sipo.tokyo\/?p=17537","title":{"rendered":"The Stablecoin Candidate\uff1a\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u5019\u88dc"},"content":{"rendered":"\n<p class=\"\">\u30ab\u30eb\u30c0\u30ce\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u4e0a\u306b<a href=\"https:\/\/sipo.tokyo\/?p=17406\" data-type=\"URL\" data-id=\"https:\/\/sipo.tokyo\/?p=17406\">\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u30fb\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3Djed\u306e\u30ea\u30ea\u30fc\u30b9<\/a>\u3092\u9593\u8fd1\u306b\u8feb\u308b\u4e2d\u30012021\u5e749\u6708\u306b<a href=\"https:\/\/twitter.com\/GooseOfCrypto\">@GooseOfCrypto<\/a>\u6c0f\u306b\u3088\u308b\u30ab\u30eb\u30c0\u30ce\u306eDjed\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068TerraLab\u306eUST\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e2\u3064\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u6bd4\u8f03\u3057\u305f\u8a18\u4e8b\u304c\u5927\u5909\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u4ee5\u4e0b\u306fthecryptodrip.com\u306b\u63b2\u8f09\u3055\u308c\u305f\u8a18\u4e8b\u300c<a href=\"https:\/\/thecryptodrip.com\/the-stablecoin-candidate\/\" data-type=\"URL\" data-id=\"https:\/\/thecryptodrip.com\/the-stablecoin-candidate\/\">The Stablecoin Candidate<\/a>\u300d\u3092\u7ffb\u8a33\u3057\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<div class=\"dp_toc_container pos-before_first_h allow-toggle\" role=\"navigation\" data-margin=\"30\"><p class=\"toc_title_block\"><span class=\"toc_title icon-list\">INDEX<\/span><span class=\"toc_toggle icon-up-open\" role=\"button\"><\/span><\/p><ul class=\"dp_toc_ul has_title\"><li><a href=\"#e382b9e38386e383bce38396e383abe382b3e382a4e383b3e58099e8a39c-1\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u5019\u88dc<\/a><ul><li><a href=\"#e382b9e38386e383bce38396e383abe382b3e382a4e383b3-2\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3<\/a><\/li><li><a href=\"#e4bb95e7b584e381bf-3\">\u4ed5\u7d44\u307f<\/a><\/li><li><a href=\"#djed-4\">Djed<\/a><\/li><li><a href=\"#ust-5\">UST<\/a><\/li><li><a href=\"#e381bee381a8e38281-6\">\u307e\u3068\u3081<\/a><\/li><\/ul><\/div><h3 class=\"wp-block-heading\" id=\"e382b9e38386e383bce38396e383abe382b3e382a4e383b3e58099e8a39c-1\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u5019\u88dc<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"451\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2022-05-10-9.25.11-1024x451.png\" alt=\"\" class=\"wp-image-17546\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2022-05-10-9.25.11-1024x451.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2022-05-10-9.25.11-300x132.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2022-05-10-9.25.11-768x338.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2022-05-10-9.25.11-450x198.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2022-05-10-9.25.11-900x396.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2022-05-10-9.25.11.png 1172w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"\">by Mr.Goose 2021\u5e749\u6708<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u8ca8\u5e63\u304c\u653f\u5e9c\u306b\u3088\u3063\u3066\u7ba1\u7406\u3055\u308c\u3066\u3044\u308b\u9650\u308a\u3001\u91d1\u672c\u4f4d\u5236\u306f\u3001\u305d\u306e\uff08\u591a\u304f\u306e\uff09\u4e0d\u5b8c\u5168\u6027\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u552f\u4e00\u8a31\u5bb9\u3067\u304d\u308b\u5b89\u5168\u306a\u30b7\u30b9\u30c6\u30e0\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u8ca8\u5e63\u3092\u653f\u5e9c\u306e\u7ba1\u7406\u304b\u3089\u5b8c\u5168\u306b\u53d6\u308a\u9664\u304f\u65b9\u304c\u3088\u3044\u3002<\/p><cite>F\u30fbA\u30fb\u30cf\u30a4\u30a8\u30af<\/cite><\/blockquote>\n\n\n\n<p class=\"\">1976\u5e74\u3001\u30aa\u30fc\u30b9\u30c8\u30ea\u30a2\u306e\u7d4c\u6e08\u5b66\u8005\u3067\u653f\u6cbb\u54f2\u5b66\u8005\u306e\u30cf\u30a4\u30a8\u30af\u306f\u3001\u5e02\u5834\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3068\u7af6\u4e89\u306e\u898f\u5f8b\u306b\u3088\u3063\u3066\u3001\u5229\u5df1\u7684\u306a\u9280\u884c\u306f\u653f\u5e9c\u3088\u308a\u3082\u8ca8\u5e63\u306e\u4fa1\u5024\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u306b\u826f\u3044\u4ed5\u4e8b\u3092\u3059\u308b\u3068\u63d0\u5531\u3057\u305f\u3002\u5f7c\u306f\u3001\u653f\u5e9c\u8ca8\u5e63\u306e\u5ec3\u6b62\u3053\u305d\u304c\u3001\u7121\u898f\u5f8b\u306a\u56fd\u5bb6\u652f\u51fa\u306b\u3088\u308b\u30a4\u30f3\u30d5\u30ec\u3001\u4e0d\u5b89\u5b9a\u3055\u3001\u7d4c\u6e08\u30ca\u30b7\u30e7\u30ca\u30ea\u30ba\u30e0\u3092\u89e3\u6c7a\u3059\u308b\u3082\u306e\u3060\u3068\u8003\u3048\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p class=\"\">\u5f7c\u306f\u3001\u4eba\u3001\u91d1\u3001\u8cc7\u672c\u304c\u81ea\u7531\u306b\u884c\u304d\u6765\u3067\u304d\u308b\u81ea\u7531\u306a\u6587\u660e\u306e\u4e16\u754c\u3092\u898b\u305f\u3002\u305d\u3053\u3067\u306f\u3001\u8ca8\u5e63\u306f\u653f\u5e9c\u306b\u3088\u3063\u3066\u300c\u5408\u6cd5\u300d\u3068\u307f\u306a\u3055\u308c\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u300c\u6cd5\u5f8b\u3001\u8a00\u8a9e\u3001\u9053\u5fb3\u306e\u3088\u3046\u306b\u81ea\u767a\u7684\u306b\u51fa\u73fe\u3059\u308b\u300d\u81ea\u7531\u304c\u3042\u308b\u306e\u3067\u3059\u3002\u79c1\u5229\u79c1\u6b32\u3092\u901a\u3058\u305f\u5e02\u5834\u306e\u898f\u7bc4\u306b\u3088\u3063\u3066\u306e\u307f\u3001\u8ca8\u5e63\u306e\u72ec\u5360\u3092\u6539\u9769\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u5834\u6240\u3002<\/p>\n\n\n\n<p class=\"\">\u3053\u306e\u4e16\u754c\u306f\u3001\u4eca\u307e\u3055\u306b\u3042\u306a\u305f\u306e\u76ee\u3068\u9f3b\u306e\u5148\u3067\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068\u3044\u3046\u65ac\u65b0\u306a\u6280\u8853\u306b\u3088\u3063\u3066\u7bc9\u304b\u308c\u3064\u3064\u3042\u308b\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"e382b9e38386e383bce38396e383abe382b3e382a4e383b3-2\"><strong>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3<\/strong><\/h5>\n\n\n\n<p class=\"\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001\u73fe\u5728\u306e\u3068\u3053\u308d\u3001\u5f93\u6765\u306e\u4e0d\u63db\u7d19\u5e63\u306e\u4e16\u754c\uff08\u4e3b\u306b\u30c9\u30eb\u3092\u53c2\u7167\u901a\u8ca8\u3068\u3059\u308b\uff09\u304b\u3089\u3001\u6697\u53f7\u6280\u8853\u306b\u3088\u3063\u3066\u5f37\u5316\u3055\u308c\u305f\u30c7\u30b8\u30bf\u30eb\u306e\u4e16\u754c\u3078\u3068\u5411\u304b\u3046\u6d41\u52d5\u6027\u306e\u6a4b\u6e21\u3057\u306e\u5f79\u5272\u3092\u62c5\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u3057\u304b\u3057\u3001\u5b89\u5168\u3067\u30b9\u30b1\u30fc\u30e9\u30d6\u30eb\u306a\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u306f\u3001\u4e0d\u63db\u7d19\u5e63\u3068\u6697\u53f7\u306e\u4e21\u65b9\u306e\u4e16\u754c\u306b\u304a\u3044\u3066\u8457\u3057\u304f\u56f0\u96e3\u3067\u3042\u308b\u3053\u3068\u304c\u8a3c\u660e\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u6771\u30a2\u30b8\u30a2\u306e\u91d1\u878d\u5371\u6a5f\u3067\u3001\u30bf\u30a4\u304c\u7c73\u30c9\u30eb\u306e\u30da\u30c3\u30b0\u3092\u30bf\u30a4\u30d0\u30fc\u30c4\u304b\u3089\u5916\u3057\u3001\u30a2\u30b8\u30a2\u5168\u57df\u306b\u901a\u8ca8\u5207\u308a\u4e0b\u3052\u306e\u885d\u6483\u3092\u4e0e\u3048\u305f\u300cAsian Contagion\uff08\u30a2\u30b8\u30a2\u306e\u4f1d\u67d3\u6027\uff09\u300d\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"448\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/asian-currencies-600x448-1.png\" alt=\"\" class=\"wp-image-17538\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/asian-currencies-600x448-1.png 600w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/asian-currencies-600x448-1-300x224.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/asian-currencies-600x448-1-429x320.png 429w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\">\u6697\u53f7\u306e\u4e16\u754c\u3067\u306e\u3082\u3046\u4e00\u3064\u306e\u4f8b\u306f\u3001ZERO\u30aa\u30fc\u30af\u30b7\u30e7\u30f3\u5165\u672d\uff08\u3059\u306a\u308f\u3061\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u6df7\u96d1\u306b\u3088\u308b\u7121\u6599\u306eETH\uff09\u3001\u30aa\u30e9\u30af\u30eb\u4fa1\u683c\u306e\u4e0d\u4e00\u81f4\u3001\u304a\u3088\u3073\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u6025\u6fc0\u306a\u58f2\u308a\u3067MakerDAO\u91d1\u5eab\u304b\u3089\u81a8\u5927\u306a\u91cf\u306eETH\u304c\u6e05\u7b97\u3055\u308c\u305f\u300cBlack Thursday\uff08\u9ed2\u3044\u6728\u66dc\u65e5\uff09\u300d\u3067\u3042\u308b\u3002\u975e\u7af6\u4e89\u7684\u306a\u30aa\u30fc\u30af\u30b7\u30e7\u30f3\u3067\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u5229\u7528\u3057\u305f\u300c\u30ad\u30fc\u30d1\u30fc\u300d\u304b\u3089MakerDAO\u304b\u3089\u8ced\u535a\u3055\u308c\u305fETH\u306e\u984d\u306f\u3001\u4eca\u65e5\u306e\u73fe\u5728\u306eETH\u4fa1\u683c\u30671\u51043\u5343\u4e07\u30c9\u30eb\u306b\u76f8\u5f53\u3059\u308b\u305d\u3046\u3067\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"410\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/0-yDK6AjSdzCawq0m2-1024x410.png\" alt=\"\" class=\"wp-image-17539\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/0-yDK6AjSdzCawq0m2-1024x410.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/0-yDK6AjSdzCawq0m2-300x120.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/0-yDK6AjSdzCawq0m2-768x308.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/0-yDK6AjSdzCawq0m2-450x180.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/0-yDK6AjSdzCawq0m2-900x360.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/0-yDK6AjSdzCawq0m2.png 1523w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\">\u3053\u306e\u3088\u3046\u306b\u3001\u5b89\u5b9a\u3057\u305f\u901a\u8ca8\u3092\u958b\u767a\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u7dad\u6301\u3057\u3088\u3046\u3068\u3059\u308b\u3053\u3068\u306f\u5927\u5909\u306a\u3053\u3068\u3067\u3059\u3002\u30c7\u30b8\u30bf\u30eb\u30a2\u30bb\u30c3\u30c8\u9818\u57df\u3067\u5b89\u5b9a\u3057\u305f\u901a\u8ca8\u3092\u6210\u529f\u3055\u305b\u308b\u305f\u3081\u306b\u306f\u3001\u9069\u5207\u306a\u958b\u767a\u3068\u3001\u9069\u5207\u306a\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u52b9\u679c\u304c\u5fc5\u8981\u3067\u3059\u3002\u4eca\u65e5\u306f\u3001Cardano\u306eDjed\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068TerraLab\u306eUST\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e2\u3064\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u5206\u89e3\u3057\u3066\u307f\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u3053\u306e2\u3064\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u7d39\u4ecb\u3059\u308b\u524d\u306b\u3001\u307e\u305a\u30b9\u30c6\u30fc\u30d6\u30b3\u30a4\u30f3\u306b\u95a2\u3059\u308b\u77e5\u8b58\u3092\u8eab\u306b\u4ed8\u3051\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"e4bb95e7b584e381bf-3\"><strong>\u4ed5\u7d44\u307f<\/strong><\/h5>\n\n\n\n<p class=\"\">\u73fe\u5728\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u74b0\u5883\u306f4\u3064\u306e\u67f1\u306b\u5206\u304b\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u62c5\u4fdd\u578b<\/li><li>\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u62c5\u4fdd\u578b<\/li><li>\u975e\u62c5\u4fdd\u578b\uff08Un-collateralized<\/li><li>\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9<\/li><\/ul>\n\n\n\n<p class=\"\"><strong>\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u62c5\u4fdd\u578b<\/strong><\/p>\n\n\n\n<p class=\"\">Tether (USDT) \u306f\u4e2d\u592e\u9280\u884c\u306b\u9810\u3051\u3089\u308c\u3066\u3044\u308b\u30c9\u30eb\u306b\u30da\u30b0\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u62c5\u4fdd\u306e\u30b9\u30c6\u30a4\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e00\u4f8b\u3067\u3042\u308b\u3002<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4-1024x575.png\" alt=\"\" class=\"wp-image-17541\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4-1024x575.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4-300x169.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4-768x432.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4-1536x863.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4-450x253.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4-900x506.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/34d87824-400f-40f5-aa75-80ceda08f0f4.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\">\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u4e0d\u63db\u7d19\u5e63\u62c5\u4fdd\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001\u6697\u53f7\u696d\u754c\u3092\u652f\u3048\u308b\u502b\u7406\u89b3\u306b\u53cd\u3057\u305f\u3082\u306e\u3067\u3059\u304c\u3001\u73fe\u5728\u4e3b\u6d41\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u307e\u305f\u3001\u4e2d\u592e\u96c6\u6a29\u5316\u3001\u30ab\u30a6\u30f3\u30bf\u30fc\u30d1\u30fc\u30c6\u30a3\u30fc\u30ea\u30b9\u30af\u3001\u898f\u5236\u306e\u5236\u7d04\u3092\u53d7\u3051\u307e\u3059\u3002\u3053\u308c\u306f\u3001SEC\u3068Tether\u306e\u9593\u3067\u884c\u308f\u308c\u305f\u6700\u65b0\u306e\u898f\u5236\u306e\u30e9\u30a6\u30f3\u30c9\u3067\u660e\u767d\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"\">\u30d5\u30a3\u30a2\u30c3\u30c8\u306b\u88cf\u6253\u3061\u3055\u308c\u305f\u30da\u30b0\u4ed8\u304d\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001\u79c1\u305f\u3061\u304c\u6c42\u3081\u3066\u3044\u308b\u30cb\u30e5\u30fc\u30de\u30cd\u30fc\u6539\u9769\u306b\u306f\u9069\u5408\u3057\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"\"><strong>\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u62c5\u4fdd<\/strong><\/p>\n\n\n\n<p class=\"\">MakerDAO\uff08DAI\uff09\u306f\u3001\u4ed6\u306e\u6697\u53f7\u901a\u8ca8\u306e\u9810\u91d1\u306b\u88cf\u6253\u3061\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u62c5\u4fdd\u578b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e00\u4f8b\u3067\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"596\" height=\"166\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot_2021-04-14-MakerDAO-What-Doesn-t-Kill-It-Makes-It-Stronger.png\" alt=\"\" class=\"wp-image-17542\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot_2021-04-14-MakerDAO-What-Doesn-t-Kill-It-Makes-It-Stronger.png 596w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot_2021-04-14-MakerDAO-What-Doesn-t-Kill-It-Makes-It-Stronger-300x84.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot_2021-04-14-MakerDAO-What-Doesn-t-Kill-It-Makes-It-Stronger-450x125.png 450w\" sizes=\"auto, (max-width: 596px) 100vw, 596px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\">\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u62c5\u4fdd\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306b\u306f\u3001\u6697\u53f7\u5e02\u5834\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306b\u8d77\u56e0\u3059\u308b\u5927\u304d\u306a\u6b20\u70b9\u3082\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306f\u3001\u524d\u8ff0\u3057\u305f\u3088\u3046\u306b\u201dBlack Thursday\u201d\u306e\u3088\u3046\u306a\u4e8b\u8c61\u3092\u5f15\u304d\u8d77\u3053\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u6697\u53f7\u62c5\u4fdd\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001\u5f8c\u3067\u8ff0\u3079\u308b\u6975\u7aef\u306a\u5206\u6570\u6e96\u5099\u9280\u884c\u306b\u3088\u308b\u904e\u5927\u306a\u30ea\u30b9\u30af\u306b\u3055\u3089\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"\"><strong>\u975e\u62c5\u4fdd\u5316<\/strong><\/p>\n\n\n\n<p class=\"\">Benchmark Protocol (MARK)\u306f\u3001\u4fa1\u683c\u5909\u52d5\u306b\u5bfe\u5fdc\u3059\u308b\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306b\u3088\u3063\u3066\u4fa1\u683c\u304c\u5b89\u5b9a\u3059\u308b\u305f\u3081\u3001\u7121\u62c5\u4fdd\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e00\u4f8b\u3067\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1024x574.png\" alt=\"\" class=\"wp-image-17543\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1024x574.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-300x168.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-768x431.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1536x861.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-450x252.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-900x505.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\">Benchmark\u306f\u3001\u3059\u3079\u3066\u306e\u30c8\u30fc\u30af\u30f3\u6240\u6709\u8005\u304c\u6bd4\u4f8b\u914d\u5206\u3067\u6240\u6709\u3059\u308b\u30c8\u30fc\u30af\u30f3\u3092\u30ea\u30d9\u30fc\u30b9\u3059\u308b\u3053\u3068\u3067\u3001\u9700\u8981\u3068\u4f9b\u7d66\u306b\u5bfe\u5fdc\u3059\u308b\u5f3e\u6027\u30ea\u30d9\u30fc\u30b9\u30c8\u30fc\u30af\u30f3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306b\u3088\u308b\u30ea\u30d9\u30fc\u30b9\u30c8\u30fc\u30af\u30f3\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u76ee\u6a19\u3067\u3042\u308b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u6392\u9664\u3059\u308b\u306b\u306f\u786c\u76f4\u7684\u3067\u3042\u308a\u3001\u3080\u3057\u308d\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u3060\u3051\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"djed-4\"><strong>Djed<\/strong><\/h5>\n\n\n\n<p class=\"\">\u30ab\u30eb\u30c0\u30ce\u306eDjed\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e00\u4f8b\u3067\u3001\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u6697\u53f7\u306b\u88cf\u6253\u3061\u3055\u308c\u305f\u30da\u30b0\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306b\u306f\u7406\u7531\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u6b74\u53f2\u7684\u306a\u80cc\u666f\u3068\u3057\u3066\u3001Djed\u306f\u300c\u5b89\u5b9a\u300d\u3092\u610f\u5473\u3059\u308b\u53e4\u4ee3\u30a8\u30b8\u30d7\u30c8\u306e\u30b7\u30f3\u30dc\u30eb\u3067\u3001\u30a8\u30b8\u30d7\u30c8\u795e\u8a71\u3067\u306f\u795e\u30aa\u30b7\u30ea\u30b9\u306e\u80cc\u9aa8\u3092\u8c61\u5fb4\u3057\u3066\u3044\u305f\u305d\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u30ab\u30eb\u30c0\u30ce\u306eDjed\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001Minimal Djed\u3068Extended Djed\u306e2\u3064\u306e\u4e3b\u8981\u306a\u30a4\u30c6\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u5206\u304b\u308c\u3066\u3044\u307e\u3059\u3002Minimal Djed\u306f\u3001\u30da\u30b0\u3092\u4fdd\u8a3c\u3059\u308b\u305f\u3081\u306b\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306f1\u3088\u308a\u304b\u306a\u308a\u5927\u304d\u306a\u6e96\u5099\u7387\u3092\u7dad\u6301\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u57fa\u672c\u7684\u306a\u30c6\u30fc\u30bc\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"\">Djed\u306f\u3001\u6700\u3082\u5358\u7d14\u306a\u9700\u8981\u3068\u4f9b\u7d66\u306e\u6cd5\u5247\u306b\u652f\u914d\u3055\u308c\u308b\u81ea\u5f8b\u7684\u306a\u9280\u884c\u306e\u3088\u3046\u306b\u632f\u308b\u821e\u3044\u307e\u3059\u3002\u81ea\u5f8b\u9280\u884c\u306e\u4ed5\u7d44\u307f\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u3001\u307e\u305a\u4e2d\u592e\u9280\u884c\u306e\u4ed5\u7d44\u307f\u306e\u6700\u3082\u5358\u7d14\u306a\u30d0\u30fc\u30b8\u30e7\u30f3\u306b\u3064\u3044\u3066\u77e5\u8b58\u3092\u6df1\u3081\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p class=\"\"><strong>\u4e2d\u592e\u9280\u884c<\/strong><\/p>\n\n\n\n<p class=\"\">\u4e2d\u592e\u9280\u884c\u306f\u3001\u8ca8\u5e63\u4f9b\u7d66\u304c\u62e1\u5f35\u7684\u304b\u53ce\u7e2e\u7684\u304b\u306b\u304b\u304b\u308f\u3089\u305a\u3001\u30df\u30af\u30ed\u7d4c\u6e08\u3068\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u4e21\u65b9\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u8ca8\u5e63\u4f9b\u7d66\u306e\u57f7\u884c\u8005\u3067\u3042\u308b\u3002\u4e2d\u592e\u9280\u884c\u306e\u76ee\u7684\u306f\u3001\u5b9f\u4f53\u7d4c\u6e08\uff08\u591a\u304f\u306e\u5834\u5408GDP\u3067\u8868\u3055\u308c\u308b\uff09\u304c\u52b9\u7387\u7684\u306b\u52d5\u304d\u3001\u7d4c\u6e08\u6210\u9577\uff08\u3064\u307e\u308a\u30a4\u30f3\u30d5\u30ec\u3068\u96c7\u7528\uff09\u3092\u523a\u6fc0\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u5b9f\u4f53\u7d4c\u6e08\u304c\u5e38\u306b\u30b9\u30e0\u30fc\u30ba\u306b\u52d5\u304f\u3068\u306f\u9650\u3089\u306a\u3044\u306e\u3067\u3001\u4e2d\u592e\u9280\u884c\uff08\u9023\u90a6\u653f\u5e9c\uff09\u304c\u4ecb\u5165\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"\">\u4e2d\u592e\u9280\u884c\u306b\u306f\u3001\u7d4c\u6e08\u6210\u9577\u3092\u4fc3\u9032\u3059\u308b\u305f\u3081\u306b\u5229\u7528\u3067\u304d\u308b\u624b\u6bb5\u304c\u3044\u304f\u3064\u304b\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"\">\u307e\u305a\u3001\u4e2d\u592e\u9280\u884c\u306f\u5546\u696d\u9280\u884c\u306b\u5bfe\u3057\u3066\u6e96\u5099\u91d1\u3092\u8981\u6c42\u3057\u3001\u5546\u696d\u9280\u884c\u306f\u9810\u91d1\u7dcf\u984d\u306eX\uff05\u3092\u6e96\u5099\u91d1\u3068\u3057\u3066\u4fdd\u6709\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\uff08fractional banking\uff1a\u90e8\u5206\u6e96\u5099\u9280\u884c\u5236\u5ea6\u3068\u3057\u3066\u77e5\u3089\u308c\u308b\uff09\u3002\u4e2d\u592e\u9280\u884c\u306f\u3001\u7d4c\u6e08\u306b\u3088\u308a\u591a\u304f\u306e\u304a\u91d1\u3092\u5faa\u74b0\u3055\u305b\u305f\u3044\u5834\u5408\u306f\u3001\u6e96\u5099\u7387\u3092\u4e0b\u3052\u3001\u9006\u306b\u304a\u91d1\u306e\u4f9b\u7d66\u3092\u5f15\u304d\u7de0\u3081\u305f\u3044\u5834\u5408\u306f\u3001\u6e96\u5099\u7387\u3092\u4e0a\u3052\u308b\u3002\u672c\u7a3f\u57f7\u7b46\u6642\u70b9\u3067\u306f\u3001\u9810\u91d1\u6e96\u5099\u7387\u306f\u30bc\u30ed\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"\">\u7b2c\u4e8c\u306b\u3001\u653f\u7b56\u91d1\u5229\u3001\u3064\u307e\u308a\u5546\u696d\u9280\u884c\u304c\u4e2d\u592e\u9280\u884c\u304b\u3089\u304a\u91d1\u3092\u501f\u308a\u308b\u969b\u306e\u91d1\u5229\u3067\u3042\u308b\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30c9\u91d1\u5229\u3092\u8a2d\u5b9a\u3059\u308b\u3053\u3068\u304c\u8a8d\u3081\u3089\u308c\u3066\u3044\u308b\u3002\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30c9\u30ec\u30fc\u30c8\u304c\u4f4e\u3051\u308c\u3070\u4f4e\u3044\u307b\u3069\u3001\u4f4f\u5b85\u30ed\u30fc\u30f3\u3084\u81ea\u52d5\u8eca\u30ed\u30fc\u30f3\u3001\u500b\u4eba\u30ed\u30fc\u30f3\u306a\u3069\u306e\u5b9f\u8cea\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u9006\u306b\u3001\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30c9\u30ec\u30fc\u30c8\u304c\u9ad8\u3051\u308c\u3070\u3001\u5b9f\u8cea\u91d1\u5229\u306f\u9ad8\u304f\u306a\u308b\u3002<\/p>\n\n\n\n<p class=\"\">\u7b2c\u4e09\u306b\u3001\u7c73\u56fd\u8ca1\u52d9\u7701\u304c\u767a\u884c\u3059\u308b\u56fd\u50b5\u3092\u58f2\u8cb7\u3057\u3001\u305d\u308c\u3092\u6295\u8cc7\u5bb6\u306b\u8ca9\u58f2\u3059\u308b\u3002\u56fd\u50b5\u3001\u50b5\u5238\u3001\u793e\u50b5\u306f\u3059\u3079\u3066\u653f\u5e9c\u767a\u884c\u306e\u50b5\u5238\u3067\u3042\u308a\u3001FRB\u306f\u3053\u308c\u3092\u5229\u7528\u3057\u3066\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30c9\u91d1\u5229\u3092\u64cd\u4f5c\u3059\u308b\u3002<\/p>\n\n\n\n<p class=\"\">\u6700\u5f8c\u306b\u3001\u4e2d\u592e\u9280\u884c\u306f\u3001\u652f\u6255\u3044\u3068\u3057\u3066\u76f4\u63a5\u9280\u884c\u30b7\u30b9\u30c6\u30e0\u306b\u5165\u308b\u653f\u5e9c\u8a3c\u5238\u3092\u8cb7\u3044\u4e0a\u3052\u308b\u305f\u3081\u306b\u3001\u304a\u91d1\u3092\u4f5c\u308a\u51fa\u3059\u3001\u307e\u305f\u306f\u300c\u5370\u5237\u3059\u308b\u300d\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<p class=\"\"><strong>Minimal Djed<\/strong>\uff08<strong>\u6700\u5c0f\u9650\u306e\u30b8\u30a7\u30c9<\/strong>\uff09<\/p>\n\n\n\n<p class=\"\">\u4e2d\u592e\u9280\u884c\u304c\u73fe\u5b9f\u4e16\u754c\u306e\u7d4c\u6e08\u5b89\u5b9a\u5316\u306b\u5411\u3051\u3066\u3069\u306e\u3088\u3046\u306b\u6a5f\u80fd\u3057\u3066\u3044\u308b\u304b\u3092\u7406\u89e3\u3057\u305f\u3068\u3053\u308d\u3067\u3001\u30ab\u30eb\u30c0\u30ce\u306b\u623b\u308d\u3046\u3002<\/p>\n\n\n\n<p class=\"\">Minimal Djed\u306f\u3001\u4e2d\u592e\u9280\u884c\u306e\u30c4\u30fc\u30eb\u306b\u4f3c\u305f\u81ea\u52d5\u5316\u30c4\u30fc\u30eb\u3092\u4f7f\u3044\u3001\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u3092\u4f7f\u3063\u3066\u5b89\u5b9a\u5316\u3092\u6a5f\u68b0\u5316\u3057\u307e\u3059\u3002\u899a\u3048\u3066\u304a\u304f\u3079\u304d\u91cd\u8981\u306a\u9055\u3044\u306f\u3001\u4e2d\u592e\u9280\u884c\u3068\u306f\u7570\u306a\u308a\u3001Djed\u306f\u5e38\u306b\u6e96\u5099\u91d1\u306e\u6bd4\u7387\u30921\u3088\u308a\u9ad8\u304f\u4fdd\u3064\u3088\u3046\u52aa\u3081\u308b\u3053\u3068\u3067\u3059\u3002\u8981\u3059\u308b\u306b\u3001\u6d41\u901a\u3057\u3066\u3044\u308b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068\u30ea\u30b6\u30fc\u30d6\uff08\u6e96\u5099\uff09\u30b3\u30a4\u30f3\u306e\u9593\u306b\u306f\u3001\u5e38\u306b1\u4ee5\u4e0a\u306e\u30da\u30c3\u30b0\u304c\u5b58\u5728\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u3053\u308c\u306f\u3001bank runs\uff08\u53d6\u308a\u4ed8\u3051\u9a12\u304e\uff09\u306e\u3088\u3046\u306a\u3053\u3068\u304c\u8d77\u304d\u306a\u3044\u3088\u3046\u306b\u3059\u308b\u305f\u3081\u3067\u3059\u3002bank runs\u3068\u306f\u3001\u7d4c\u6e08\u304c\u7834\u7dbb\u3057\u305f\u308a\u3001\u9810\u91d1\u3092\u9810\u304b\u3063\u3066\u3044\u308b\u91d1\u878d\u6a5f\u95a2\u3078\u306e\u4e0d\u4fe1\u611f\u304b\u3089\u3001\u9280\u884c\u306e\u9810\u91d1\u8005\u304c\u4e00\u6589\u306b\u5f15\u304d\u51fa\u3057\u306b\u6bba\u5230\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u9280\u884c\u306f\u901a\u5e38\u3001\u6e96\u5099\u91d1\u306e10\uff05\u3001\u3064\u307e\u308a\u4eca\u56de\u306e\u30b1\u30fc\u30b9\u3067\u306f\u30bc\u30ed\u3057\u304b\u4fdd\u6709\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u3001\u9810\u91d1\u8005\u306b\u652f\u6255\u3046\u3079\u304d\u8cc7\u672c\u306e90\uff05\u304c\u4e0d\u8db3\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u5927\u6050\u614c\u306e\u6642\u3082\u30012008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u306e\u6642\u3082\u305d\u3046\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p class=\"\">\u305d\u3053\u3067Djed\u306f\u3001\u901a\u8ca8\u30c4\u30fc\u30eb\u306e\u4ee3\u308f\u308a\u306b\u3001\u6700\u4f4e\u6e96\u5099\u91d1\u6bd4\u7387\u304c\u5e38\u306b\u73fe\u5728\u306e\u6d41\u901a\u3059\u308b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u8cb7\u3044\u623b\u305b\u308b\u3088\u3046\u306b\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u81ea\u4f53\u306b\u30d1\u30e9\u30e1\u30fc\u30bf\u3092\u7d44\u307f\u8fbc\u3093\u3067\u3044\u308b\u3002\u305d\u306e\u305f\u3081\u306b\u3001\u6700\u4f4e\u6e96\u5099\u7387\u3092\u8a2d\u5b9a\u3057\u3001\u305d\u308c\u306b\u9054\u3059\u308b\u3068\u30e6\u30fc\u30b6\u30fc\u306f\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u8cb7\u3063\u305f\u308a\u3001\u30ea\u30b6\u30fc\u30d6\uff08\u6e96\u5099\uff09\u30b3\u30a4\u30f3\u3092\u58f2\u308a\u623b\u3057\u305f\u308a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u3088\u3046\u306b\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u307e\u305f\u3001\u57cb\u8535\u91cf\u306e\u5e0c\u8584\u5316\uff08\u57cb\u8535\u91cf\u304c\u904e\u5270\u306b\u306a\u308a\u3001\u57cb\u8535\u30b3\u30a4\u30f3\u4fdd\u6709\u8005\u306b\u53c2\u52a0\u3059\u308b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3092\u9069\u5207\u306b\u4e0e\u3048\u308b\u305f\u3081\u306b\u3001\u624b\u6570\u6599\u306b\u3088\u3063\u3066\u57cb\u8535\u30b3\u30a4\u30f3\u4fdd\u6709\u8005\u304c\u53d7\u3051\u53d6\u308b\u91d1\u984d\u3092\u5236\u9650\u3059\u308b\u3053\u3068\uff09\u3092\u9632\u3050\u305f\u3081\u306b\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u3001\u30e6\u30fc\u30b6\u30fc\u304c\u57cb\u8535\u30b3\u30a4\u30f3\u3092\u8cfc\u5165\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u6700\u5927\u7a4d\u7acb\u6bd4\u7387\u3092\u8a2d\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">Djed\u306f\u30da\u30c3\u30b0\u3059\u308b\u901a\u8ca8\u3092\u5fc5\u8981\u3068\u305b\u305a\u3001\u5909\u52d5\u3059\u308b\u8cc7\u7523\u306e\u6307\u6570\u3084\u52a0\u91cd\u5e73\u5747\u3092\u76ee\u6a19\u4fa1\u683c\u3068\u3059\u308b\u3053\u3068\u306b\u7559\u610f\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3042\u308b\u3002<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"400\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot-2021-07-23-at-11-02-01-A-Visual-Explanation-of-Algorithmic-Stablecoins.png\" alt=\"\" class=\"wp-image-17544\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot-2021-07-23-at-11-02-01-A-Visual-Explanation-of-Algorithmic-Stablecoins.png 680w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot-2021-07-23-at-11-02-01-A-Visual-Explanation-of-Algorithmic-Stablecoins-300x176.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/Screenshot-2021-07-23-at-11-02-01-A-Visual-Explanation-of-Algorithmic-Stablecoins-450x265.png 450w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\">\u5b8c\u5168\u306a\u6e96\u5099\u9280\u884c\u306b\u306f\u8cc7\u7523\u3068\u8ca0\u50b5\u304c\u3042\u308a\u307e\u3059\u3002Djed\u3067\u306f\u3001\u8ca0\u50b5\u3068\u306f\u6700\u4f4e\u6e96\u5099\u7387\u3001\u3064\u307e\u308a\u6d41\u901a\u3057\u3066\u3044\u308b\u3059\u3079\u3066\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u8cb7\u3044\u623b\u3059\u305f\u3081\u306b\u5fc5\u8981\u306a\u6e96\u5099\u91d1\u306e\u91cf\u3067\u3059\u3002\u8cc7\u7523\u3068\u306f\u6e96\u5099\u91d1\u4f59\u5270\u3001\u3064\u307e\u308a\u6700\u4f4e\u6e96\u5099\u7387\u4ee5\u4e0a\u306e\u6e96\u5099\u91d1\u3068\u624b\u6570\u6599\u306e\u30ab\u30d0\u30fc\u3067\u3042\u308b\u3002\u6e96\u5099\u4f59\u5270\u91d1\u3001\u3064\u307e\u308a\u8cc7\u672c\u306f\u3001\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u306e\u4fdd\u6709\u8005\u306b\u7b49\u3057\u304f\u5206\u914d\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u5e02\u5834\u306e\u6df7\u4e71\u6642\u306b\u53c2\u52a0\u8005\u304c\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u3092\u58f2\u5374\u3067\u304d\u308b\u3088\u3046\u306b\u3001\u6240\u5b9a\u306e\u30d1\u30e9\u30e1\u30fc\u30bf\u304c\u5f37\u5236\u7684\u306b\u8a2d\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u53c2\u52a0\u8005\u306f\u624b\u6570\u6599\u3068\u8a3c\u62e0\u91d1\u3067\u305d\u306e\u30ea\u30b9\u30af\u306b\u5bfe\u5fdc\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u7a4d\u7acb\u91d1\u306f\u652f\u6255\u4e0d\u80fd\u306b\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"\">\u3064\u307e\u308a\u3001\u57fa\u672c\u7684\u306b\u306f\u6b21\u306e\u3088\u3046\u306a\u4ed5\u7d44\u307f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"\">\u30e6\u30fc\u30b6\u30fc\u306f\u3001\u6e96\u5099\u91d1\u306e\u6bd4\u7387\u304c\u904b\u7528\u53ef\u80fd\u306a\u7bc4\u56f2\u306b\u3042\u308b\u9650\u308a\u3001ADA \u3092\u4f7f\u3063\u3066\u6e96\u5099\u91d1\u306e\u30b3\u30a4\u30f3\uff08\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\uff09\u3092\u8cfc\u5165\u3059\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u30ea\u30b6\u30fc\u30d6\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306f\u3001ADA\u306e\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u305f\u5834\u5408\u306e\u6f5c\u5728\u7684\u306a\u4e0a\u6607\u3092\u5438\u53ce\u3057\u3001Djed\u3092\u8cfc\u5165\u3059\u308b\u30e6\u30fc\u30b6\u30fc\u306b\u306f\u5b89\u5b9a\u6027\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002\u9006\u306b\u3001\u30ea\u30b6\u30fc\u30d6\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306fADA\u306e\u4fa1\u683c\u306e\u4e0b\u843d\u3082\u5438\u53ce\u3059\u308b\u3002\u57fa\u672c\u7684\u306b\u306f\u3001\u624b\u6570\u6599\u3068\u8a3c\u62e0\u91d1\u306b\u3088\u3063\u3066ADA\u306e\u4fa1\u683c\u306b\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u305f\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u3068\u3063\u3066\u3044\u307e\u3059\u3002ADA\u306e\u4fa1\u683c\u304c\u5165\u91d1\u6642\u70b9\u3088\u308a\u4e0a\u6607\u3057\u305f\u5834\u5408\u3001\u30ea\u30b6\u30fc\u30d6\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306f\u6700\u521d\u306e\u5165\u91d1\u984d\u3068\u30d7\u30ed\u30c8\u30b3\u30eb\u304b\u3089\u767a\u751f\u3059\u308b\u624b\u6570\u6599\u3001\u305d\u3057\u3066\u4e0a\u6607\u5206\u306e\u5dee\u984d\u3092\u63db\u91d1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/li><\/ul>\n\n\n\n<p class=\"\">\u5225\u306e\u30e6\u30fc\u30b6\u30fc\u306f\u3001\u305d\u306e\u9810\u91d1\u3092\u52b9\u679c\u7684\u306b\u300c\u62c5\u4fdd\u300d\u3059\u308b\u306e\u306b\u5341\u5206\u306a\u6e96\u5099\u91d1\u304c\u3042\u308b\u305f\u3081\u3001Djed\u3092\u8cfc\u5165\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4fdd\u6709\u8005\u306f\u3001\u30ea\u30b6\u30fc\u30d6\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u304c\u8ca0\u3046\u30ea\u30b9\u30af\u3092\u30ea\u30b6\u30fc\u30d6\u53c2\u52a0\u8005\u306b\u7b49\u3057\u304f\u5206\u6563\u3055\u305b\u308b\u3053\u3068\u3067\u3001\u5b89\u5b9a\u6027\u3092\u4eab\u53d7\u3057\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u30d9\u30fc\u30b9\u30b3\u30a4\u30f3\uff08ADA\uff09\u306e\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u305f\u5834\u5408\u3001\u88c1\u5b9a\u53d6\u5f15\u30a4\u30d9\u30f3\u30c8\u306f\u3001\u6700\u521d\u306e\u9810\u91d1\u3092\u63db\u91d1\u3067\u304d\u308b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30db\u30eb\u30c0\u30fc\u306b\u3068\u3063\u3066\u306e\u307f\u6709\u76ca\u3067\u3042\u308a\u3001\u63db\u91d1\u6642\u306e\u4fa1\u683c\u3068\u9810\u3051\u5165\u308c\u6642\u306e\u4fa1\u683c\u3068\u306e\u5dee\u984d\u3092\u7a4d\u7acb\u53c2\u52a0\u8005\u304c\u652f\u6255\u3044\u307e\u3059\u3002<\/li><\/ul>\n\n\n\n<p class=\"\">\u672c\u5f53\u306b\u305d\u308c\u3060\u3051\u3067\u3001\u6975\u3081\u3066\u30b7\u30f3\u30d7\u30eb\u3067\u3059\u3002Minimal Djed\u306f\u3001\u5b89\u5168\u3067\u3001\u6570\u5b66\u7684\u306b\u30b7\u30f3\u30d7\u30eb\u3067\u3001\u30b2\u30fc\u30e0\u7406\u8ad6\u306b\u57fa\u3065\u3044\u305f\u5b89\u5b9a\u30b3\u30a4\u30f3\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u3067\u3042\u308b\u3053\u3068\u304c\u3001\u5b9a\u7406\u8a3c\u660e\u3055\u308c\u3001\u5f62\u5f0f\u7684\u306b\u691c\u8a3c\u3055\u308c\u3001\u5b9f\u969b\u306b\u8a3c\u660e\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"\">\u3057\u304b\u3057\u3001\u6b20\u70b9\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u4f8b\u3048\u3070\u3001\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u306ebank runs\uff1a\u53d6\u308a\u4ed8\u3051\u9a12\u304e\u306f\u3001\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u304c\u6700\u4f4e\u984d\u306b\u9054\u3057\u3001\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u306e\u58f2\u5374\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u524d\u306b\u3001\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u53c2\u52a0\u8005\u304c\u30ea\u30b6\u30fc\u30d6\u30a8\u30af\u30a4\u30c6\u30a3\u304b\u3089\u9810\u91d1\u3092\u5f15\u304d\u51fa\u305d\u3046\u3068\u7af6\u4e89\u3059\u308b\u3053\u3068\u3067\u8d77\u3053\u308a\u5f97\u307e\u3059\u3002\u307e\u305f\u3001\u6e96\u5099\u91d1\u304c\u6700\u4f4e\u7a4d\u7acb\u7387\u306b\u9054\u3059\u308b\u3068\u3001\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u306e\u4fa1\u683c\u304c\u5909\u52d5\u3059\u308b\u305f\u3081\u3001\u5e02\u5834\u4fa1\u683c\u3088\u308a\u3082\u4f4e\u3044\u6700\u4f4e\u4fa1\u683c\u3092\u4eba\u70ba\u7684\u306b\u8a2d\u5b9a\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\uff08\u4f8b\u3048\u3070\u30011\u30c9\u30eb\u30922\u30c9\u30eb\u3067\u8cfc\u5165\u3059\u308b\uff09\u3002<\/p>\n\n\n\n<p class=\"\">\u307e\u305f\u3001Ergo\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306bMinimal Djed\u3092\u5c55\u958b\u3059\u308b\u969b\u306b\u8d77\u3053\u3063\u305f\u554f\u984c\u70b9\u3068\u3057\u3066\u3001\u30aa\u30e9\u30af\u30eb\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u66f4\u65b0\u304c\u9045\u3044\u305f\u3081\u306b\u4fa1\u683c\u3092\u4e88\u898b\u3057\u305f\u60aa\u8cea\u306a\u30af\u30b8\u30e9\u304b\u3089\u6e96\u5099\u91d1\u304c\u6d41\u51fa\u3057\u3001\u30b7\u30b9\u30c6\u30e0\u3092\u64cd\u4f5c\u3057\u3066\u30ea\u30b6\u30fc\u30d6\u30b3\u30a4\u30f3\u306e\u9023\u7d9a\u58f2\u8cb7\u3067\u6e96\u5099\u91d1\u3092\u6d41\u51fa\u3055\u305b\u308b\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u3063\u305f\u3053\u3068\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002\u3053\u306e\u554f\u984c\u306f\u3001\u30aa\u30e9\u30af\u30eb\u66f4\u65b0\u6642\u9593\u309260\u5206\u304b\u308912\u5206\u306b\u77ed\u7e2e\u3057\u3001\u624b\u6570\u6599\u30921%\u304b\u30892%\u306b\u5f15\u304d\u4e0a\u3052\u308b\u3053\u3068\u3067\u89e3\u6c7a\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"\">Extended Djed\u306f\u73fe\u5728\u3001\u53b3\u5bc6\u306a\u5b9a\u7406\u8a3c\u660e\u3092\u7d9a\u3051\u3066\u3053\u308c\u3089\u306e\u554f\u984c\u3092\u4fee\u6b63\u3057\u3001\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u3092\u307e\u305f\u3050\u3059\u3079\u3066\u306eMinimal Djed\u306e\u5b9f\u88c5\u3067\u7c21\u5358\u306b\u66f4\u65b0\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u305f\u3081\u306b\u958b\u767a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u305d\u308c\u3067\u306f\u3001Terra\u306b\u98db\u3073\u8fbc\u3093\u3067\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"ust-5\"><strong>UST<\/strong><\/h5>\n\n\n\n<p class=\"\">Terra\u306eUST\u306f\u3001\u7121\u62c5\u4fdd\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u30da\u30c3\u30b0\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e00\u4f8b\u3067\u3001\u3053\u308c\u307e\u305f\u53e3\u304c\u60aa\u3044\u3067\u3059\u306d\u3002UST\u306e\u30d5\u30e9\u30c3\u30b0\u30b7\u30c3\u30d7\u30da\u30c3\u30b0\u306f\u30c9\u30eb\u3067\u3059\u3002UST\u306fLUNA\u30c8\u30fc\u30af\u30f3\u3092\u4f7f\u3063\u3066\u4fa1\u683c\u306e\u5b89\u5b9a\u3092\u7dad\u6301\u3057\u307e\u3059\u304c\u3001\u4fa1\u683c\u306e\u5b89\u5b9a\u3092\u5f37\u5236\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002Luna\u306f\u4f1d\u7d71\u7684\u306a\u5b9a\u7fa9\u3084\u4ed5\u7d44\u307f\u306e\u89b3\u70b9\u304b\u3089\u306f\u62c5\u4fdd\u3068\u306f\u307f\u306a\u3055\u308c\u305a\u3001UST\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u88cf\u4ed8\u3051\u3068\u306f\u307f\u306a\u3055\u308c\u306a\u3044\u304c\u3001\u3057\u304b\u3057UST\u3068\u306e\u88c1\u5b9a\u6a5f\u4f1a\u306e\u305f\u3081\u306b\u5185\u751f\u7684\u306a\u95a2\u4fc2\u3092\u7d99\u627f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u3067\u306f\u3001UST\u306f\u3069\u306e\u3088\u3046\u306b\u3057\u3066\u5b89\u5b9a\u6027\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p class=\"\">UST\u306fTerra\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u4e0a\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3001Proof-Of-Stake\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u30e1\u30ab\u30cb\u30ba\u30e0\u3067\u904b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u4e0a\u306e\u30d0\u30ea\u30c7\u30fc\u30bf\u30fc\u306f\u3001\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u3068\u30b7\u30cb\u30e7\u30ec\u30c3\u30b8\u306b\u3088\u308b\u5b89\u5b9a\u6027\u306e\u57fa\u790e\u7684\u306a\u5f79\u5272\u3092\u62c5\u3063\u3066\u3044\u307e\u3059\u3002\u30b7\u30cb\u30e7\u30ea\u30c3\u30b8\u3068\u306f\u3001\u901a\u8ca8\u306e\u4fa1\u5024\u304b\u3089\u305d\u306e\u88fd\u9020\u306b\u304b\u304b\u308b\u30b3\u30b9\u30c8\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u3067\u3059\u3002\u4f8b\u3048\u3070\u30011\u30c9\u30eb\u3092\u751f\u7523\u3059\u308b\u306e\u306b0.67\u30bb\u30f3\u30c8\u304b\u304b\u308b\u3068\u3057\u305f\u3089\u3001\u30b7\u30cb\u30e7\u30ea\u30c3\u30b8\u306f\u301c0.33\u30bb\u30f3\u30c8\u3068\u306a\u308a\u307e\u3059\u3002\u30c6\u30e9\u306e\u5834\u5408\u3001\u9020\u5e63\u5c40\u306e\u30b3\u30b9\u30c8\u306f\u30bc\u30ed\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"\">\u3053\u306e\u88c1\u5b9a\u6a5f\u4f1a\u306f\u3001Djed\u306e\u5185\u90e8\u30e1\u30ab\u30cb\u30ba\u30e0\u306b\u3082\u975e\u5e38\u306b\u3088\u304f\u4f3c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">1UST\uff1c1\u30c9\u30eb\u306e\u3068\u304d\u3001UST\u4fdd\u6709\u8005\u306f1UST\u30921\u30c9\u30eb\u76f8\u5f53\u306eLUNA\u3068\u4ea4\u63db\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<br>1UST\uff1e1\u30c9\u30eb\u306e\u5834\u5408\u3001LUNA\u4fdd\u6709\u8005\u306f1UST\u30681\u30c9\u30eb\u5206\u306eLUNA\u3092\u4ea4\u63db\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1-1024x574.png\" alt=\"\" class=\"wp-image-17545\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1-1024x574.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1-300x168.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1-768x431.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1-1536x861.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1-450x252.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1-900x505.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2022\/05\/pasted-image-0-1.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\">\u88c1\u5b9a\u8005\u306f\u3001\u4fa1\u683c\u304c\u30da\u30c3\u30b0\u5236\u306b\u623b\u308b\u3053\u3068\u3092\u78ba\u5b9f\u306b\u3059\u308b\u305f\u3081\u306b\u3001\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3092\u4e0e\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">UST\u306e\u9700\u8981\u304c\u9ad8\u307e\u308b\u3068\u3001\u30e6\u30fc\u30b6\u30fc\u306fLUNA\u3092\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u3067UST\u306b\u4ea4\u63db\u3057\u3001\u5185\u90e8\u30e1\u30ab\u30cb\u30ba\u30e0\u306b\u3088\u308a\u3001\u65b0\u3057\u3044UST\u3092\u92f3\u9020\u3059\u308b\u969b\u306bLUNA\u3092\u71c3\u3084\u3059\uff08\u30b7\u30cb\u30e7\u30ea\u30c3\u30b8\u3068\u547c\u3070\u308c\u308b\uff09\u3002\u305d\u306e\u4e00\u90e8\u306f\u3001\u8ca1\u653f\u653f\u7b56\u306b\u3042\u308b\u3088\u3046\u306b\u3001Terra\u306b\u5efa\u8a2d\u3055\u308c\u308b\u65b0\u3057\u3044\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u8cc7\u91d1\u3068\u3057\u3066\u56fd\u5eab\u306b\u7d0d\u3081\u3089\u308c\u307e\u3059\u3002\u57fa\u672c\u7684\u306b\u3053\u308c\u306f\u3001UST\u306e\u4fa1\u683c\u5909\u52d5\u304c\u4e8b\u5b9f\u4e0aLUNA\u306e\u4f9b\u7d66\u5909\u52d5\u306b\u8ee2\u5ac1\u3055\u308c\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3001\u3057\u305f\u304c\u3063\u3066Terra\u306e\u30d0\u30ea\u30c7\u30fc\u30bf\u306fUST\u306e\u53ce\u7e2e\u3068\u4f9b\u7d66\u62e1\u5927\u306e\u969b\u306e\u77ed\u671f\u7684\u306a\u5909\u52d5\u3092\u5438\u53ce\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002Terra\u30d0\u30ea\u30c7\u30fc\u30bf\u30fc\u304c\u5f97\u308b\u30b7\u30cb\u30e7\u30ea\u30c3\u30b8\u3068\u53d6\u5f15\u624b\u6570\u6599\u306b\u3088\u308b\u71c3\u713c\u7387\u5831\u916c\u306f\u3001\u5e02\u5834\u306e\u5909\u52d5\u306b\u5408\u308f\u305b\u3066\u6bce\u9031\u81ea\u52d5\u7684\u306b\u8abf\u6574\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u3055\u3066\u3001\u5185\u90e8\u30e1\u30ab\u30cb\u30ba\u30e0\u3092\u7406\u89e3\u3057\u305f\u3068\u3053\u308d\u3067\u3001LUNA\u3068UST\u306e\u95a2\u4fc2\u3092\u6574\u7406\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002UST\u306f\u3001\u30c9\u30eb\u3067\u3082\u6697\u53f7\u3067\u3082\u306a\u304f\u3001Terra\u30fb\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u6210\u9577\u306b\u652f\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\"><strong>\u3048\uff1f\u305d\u308c\u306f\u3069\u306e\u3088\u3046\u306b\u6a5f\u80fd\u3059\u308b\u306e\u3067\u3059\u304b\uff1f<\/strong><\/p>\n\n\n\n<p class=\"\">Terra\u30fb\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306f\u76f4\u611f\u7684\u304b\u3064\u672c\u8cea\u7684\u306b\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u6210\u9577\u3092\u5229\u7528\u3057\u3001\u4e0a\u8a18\u306e\u5185\u90e8\u30e1\u30ab\u30cb\u30ba\u30e0\u3092\u901a\u3058\u3066\u305d\u306e\u6210\u9577\u3092\u5b89\u5b9a\u306b\u5909\u63db\u3057\u307e\u3059\u3002\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u53cd\u5c04\u7684\u306a\u6027\u8cea\u306b\u3088\u308a\u3001\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u63a1\u7528\u306f\u3001burn-to-mint\u529b\u5b66\u306b\u3088\u3063\u3066LUNA\u306e\u4f9b\u7d66\u306b\u30c7\u30d5\u30ec\u5727\u529b\u3092\u304b\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u3001\u3057\u305f\u304c\u3063\u3066\u4fa1\u5024\u304c\u767a\u751f\u3057\u307e\u3059\u3002\u30eb\u30ca\u306f\u30da\u30b0\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u306bUST\u306e\u88c1\u5b9a\u306b\u4f7f\u308f\u308c\u308b\u306e\u3067\u3001\u5e38\u306b\u52b9\u7528\u3092\u6301\u3061\u3001\u52b9\u7528\u306f\u7a0e\u91d1\u3001\u624b\u6570\u6599\u3001\u30b7\u30cb\u30e7\u30ea\u30c3\u30b8\u306b\u3088\u3063\u3066\u652f\u6255\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u30ab\u30eb\u30c0\u30ce\u306eDjed\u3088\u308a\u305a\u3063\u3068\u5358\u7d14\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u975e\u5e38\u306b\u5805\u7262\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u30ab\u30eb\u30c0\u30ce\u306eDjed\u3068\u540c\u3058\u3088\u3046\u306b\u3001Terra\u306b\u3082\u6b20\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u4f8b\u3048\u3070\u3001\u4e3b\u306a\u554f\u984c\u306fUST\u30c8\u30fc\u30af\u30f3\u304c\u4f55\u306b\u3082\u88cf\u4ed8\u3051\u3089\u308c\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u4e8b\u5b9f\u3067\u3001\u305d\u308c\u306f\u4e3b\u306b\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u4fe1\u983c\u306b\u4f9d\u5b58\u3057\u3066\u304a\u308a\u3001\u5b89\u5168\u6027\u306e\u4f4e\u3044\u3044\u304f\u3064\u304b\u306e\u975e\u713c\u304d\u4ed8\u3051\u578b\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u3042\u308b\u306e\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u30de\u30fc\u30af\u30fb\u30ad\u30e5\u30fc\u30d0\u30f3\u304c\u300c\u9244\u3068\u5de8\u4eba\u300d\u306e\u4e2d\u3067\u77e5\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3001LUNA\u306e\u4fdd\u6709\u8005\u304c\u30b7\u30b9\u30c6\u30e0\u306b\u5bfe\u3059\u308b\u4fe1\u983c\u3092\u5931\u3044\u3001\u62e1\u5927\u5c40\u9762\uff08\u3064\u307e\u308a1\u30c9\u30eb\u4ee5\u4e0b\u306e\u30da\u30c3\u30b0\uff09\u306b\u304a\u3044\u3066\u5e02\u5834\u3067\u58f2\u3089\u308c\u308b\u3068\u3044\u3046\u30c7\u30b9\u30fb\u30b9\u30d1\u30a4\u30e9\u30eb\u304c\u8d77\u3053\u308a\u5f97\u307e\u3059\u3002\u30c6\u30e9\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u53cd\u5c04\u7684\u306a\u6027\u8cea\u306f\u3001\u305d\u306e\u5f8c\u3001\u58f2\u308a\u5727\u529b\u306e\u5897\u52a0\u306b\u3088\u3063\u3066UST\u306e\u4fa1\u5024\u306e\u4e0b\u964d\u30b9\u30d1\u30a4\u30e9\u30eb\u3092\u5f15\u304d\u8d77\u3053\u3057\u3001\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u9006\u884c\u3059\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u3053\u308c\u306f\u3001UST\u304c2\u65e5\u9023\u7d9a\u3067\u30da\u30b0\u3092\u5931\u3063\u305f\u6700\u65b0\u306e2021\u5e745\u6708\u306e\u30af\u30e9\u30c3\u30b7\u30e5\u3067\u591a\u5c11\u8d77\u3053\u308a\u307e\u3057\u305f\u304c\u3001\u30c7\u30b9\u30b9\u30d1\u30a4\u30e9\u30eb\u3068\u306f\u8a00\u3044\u96e3\u3044\u3067\u3057\u3087\u3046\u3002\u30a2\u30f3\u30ab\u30fc\u30fb\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u6e05\u7b97\u306a\u3069\u3001\u5185\u90e8\u30e1\u30ab\u30cb\u30ba\u30e0\u4ee5\u5916\u306e\u7406\u7531\u3082\u3042\u308a\u307e\u3057\u305f\u304c\u3001UST\u30d7\u30ed\u30c8\u30b3\u30eb\u81ea\u4f53\u306b\u306f\u91cd\u8981\u3067\u306f\u306a\u3044\u306e\u3067\u3001\u7c21\u6f54\u306b\u8aac\u660e\u3059\u308b\u3053\u3068\u306f\u3057\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"\">Terra\u306f\u307e\u305f\u3001\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u653b\u6483\u3092\u9632\u3050\u305f\u3081\u306b\u3001\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u6d41\u52d5\u6027\u304c\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u6d41\u52d5\u6027\u3088\u308a\u3082\u9ad8\u3044\u3068\u3044\u3046\u4f9d\u5b58\u95a2\u4fc2\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u53d6\u5f15\u6240\u306b\u304a\u3051\u308b\u4fa1\u683c\u30a4\u30f3\u30d1\u30af\u30c8\u3068\u6d41\u52d5\u6027\u4e0d\u8db3\u306e\u9593\u306e\u30c0\u30a4\u30ca\u30df\u30ba\u30e0\u306b\u3088\u308a\u3001\u60aa\u8cea\u306a\u884c\u70ba\u8005\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u30aa\u30e9\u30af\u30eb\u63d0\u4f9b\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u3067\u3042\u306a\u305f\u306e\u30eb\u30ca\u3092\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u3067\u30b9\u30ef\u30c3\u30d7\u3059\u308b\u3053\u3068\u306b\u3088\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u4fa1\u683c\u30a4\u30f3\u30d1\u30af\u30c8\u3092\u793a\u3059\u30aa\u30e9\u30af\u30eb\u4fa1\u683c\u3092\u5229\u7528\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u30eb\u30ca\u3092UST\u306b\u9ad8\u5024\u3067\u30b9\u30ef\u30c3\u30d7\u3057\u305f\u5f8c\u3001\u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u53d6\u5f15\u6240\u306b\u623b\u3063\u3066\u5e02\u5834\u3067\u58f2\u308a\u3001\u6d41\u52d5\u6027\u306e\u306a\u3044\u4fa1\u683c\u3092\u62bc\u3057\u4e0b\u3052\u307e\u3059\u3002\u305d\u306e\u5f8c\u3001\u30c1\u30a7\u30fc\u30f3\u5e97\u306b\u623b\u308a\u3001UST\u3092Luna\u306b\u4ea4\u63db\u3057\u3001\u305d\u306e\u5dee\u984d\u3092\u61d0\u306b\u5165\u308c\u308b\u306e\u3067\u3059\u3002\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\u306f\u3053\u306e\u3088\u3046\u306a\u653b\u6483\u306e\u53ce\u76ca\u6027\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u5341\u5206\u306a\u91cf\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u3042\u308b\u5834\u5408\u306f\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u30ec\u30d9\u30eb\u306e\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u5c06\u6765\u7684\u306b\u3053\u306e\u3088\u3046\u306a\u3053\u3068\u304c\u8d77\u3053\u3089\u306a\u3044\u3088\u3046\u306b\u3059\u308b\u305f\u3081\u306e\u63d0\u6848\u304c\u9032\u884c\u4e2d\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"e381bee381a8e38281-6\"><strong>\u307e\u3068\u3081<\/strong><\/h5>\n\n\n\n<p class=\"\">Terra Ecosystem\u306f\u5805\u7262\u3067\u3001UST\u3092\u6d3b\u7528\u3057\u305fdApps\u306b\u3088\u3063\u3066\u30b7\u30b9\u30c6\u30e0\u306e\u6210\u9577\u306b\u62cd\u8eca\u3092\u304b\u3051\u308b\u624b\u6bb5\u304c\u591a\u304f\u3001Luna\/UST\u306e\u53cd\u5c04\u6027\u304b\u3089\u3001\u6210\u719f\u3057\u305f\u30ec\u30b8\u30ea\u30a8\u30f3\u30c8\uff08\u300c\u5f3e\u529b\u6027\u306e\u3042\u308b\u300d\u300c\u67d4\u8edf\u6027\u304c\u3042\u308b\u300d\u300c\u56de\u5fa9\u529b\u306e\u3042\u308b\u300d\uff09\u306a\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u53ef\u80fd\u6027\u3082\u9ad8\u3044\u3002\u3068\u306f\u3044\u3048\u3001\u30b7\u30b9\u30c6\u30e0\u306b\u3088\u308a\u591a\u304f\u306e\u63a5\u7d9a\u3068\u5805\u7262\u306a\u6a5f\u80fd\u304c\u3042\u308b\u305f\u3081\u3001UST\u30d7\u30ed\u30c8\u30b3\u30eb\u306b\u3068\u3063\u3066\u6f5c\u5728\u7684\u306a\u5f31\u70b9\u3082\u751f\u307e\u308c\u307e\u3059\u3002\u3053\u308c\u306f\u3001Luna\/UST\u306b\u58f2\u308a\u5727\u529b\u3092\u9023\u9396\u3055\u305b\u308b\u76f4\u63a5\u7684\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u305fAnchor\u30d7\u30ed\u30c8\u30b3\u30eb\u6e05\u7b97\u30a4\u30d9\u30f3\u30c8\u306b\u3082\u8868\u308c\u3066\u3044\u307e\u3059\u3002\u6765\u308b9\u67089\u65e5\u306eColombus-5\u30ed\u30fc\u30f3\u30c1\u3067\u5c55\u958b\u3055\u308c\u308bUST\u306f\u3001\u4ed6\u306e\u591a\u304f\u306e\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306b\u63a5\u7d9a\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3053\u308c\u306f\u30b7\u30b9\u30c6\u30e0\u306e\u6210\u9577\u3092\u3055\u3089\u306b\u62e1\u5927\u3055\u305b\u3001\u3088\u308a\u591a\u304f\u306e\u6f5c\u5728\u7684\u306a\u5f31\u70b9\u3092\u751f\u307f\u51fa\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u4e00\u65b9\u3001\u30ab\u30eb\u30c0\u30ce\u306f\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u4e3b\u8981\u306a\u9280\u884c\u6a5f\u80fd\u306b\u95a2\u3059\u308b\u91d1\u878d\u30fb\u8ca1\u653f\u653f\u7b56\u3092\u6307\u793a\u3059\u308b\u5916\u751f\u7684\u8981\u7d20\u3092\u5fc5\u8981\u3068\u3057\u306a\u3044\u3001\u6975\u3081\u3066\u30a8\u30ec\u30ac\u30f3\u30c8\u3067\u30b7\u30f3\u30d7\u30eb\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u3068\u3063\u3066\u3044\u307e\u3059\u3002\u3068\u306f\u3044\u3048\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u30ea\u30b6\u30fc\u30d6\u3078\u306e\u4f9d\u5b58\u306f\u3001Ergo\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u304c\u3055\u3089\u3055\u308c\u3066\u3044\u308b\u3088\u308a\u3082\u5927\u898f\u6a21\u306a\u3001\u305d\u3057\u3066\u78ba\u5b9f\u306b\u30ab\u30eb\u30c0\u30ce\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u304c\u3082\u305f\u3089\u3059\u3067\u3042\u308d\u3046\u5927\u898f\u6a21\u306a\u9700\u8981\u306b\u898b\u5408\u3063\u305f\u4fe1\u983c\u6027\u3084\u5b89\u5168\u6027\u304c\u3042\u308b\u304b\u3069\u3046\u304b\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u3002\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306e\u6df7\u96d1\u3084\u53d6\u5f15\u901f\u5ea6\u306a\u3069\u306e\u5916\u90e8\u8981\u56e0\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u6e96\u5099\u91d1\u3078\u306e\u4f9d\u5b58\u7387\u306b\u4e88\u671f\u305b\u306c\u554f\u984c\u304c\u767a\u751f\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"\">\u6642\u9593\u304c\u7d4c\u3066\u3070\u308f\u304b\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"\"><strong>\u95a2\u9023\u8a18\u4e8b<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-sipo wp-block-embed-sipo\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"008dc5PMTN\"><a href=\"https:\/\/sipo.tokyo\/?p=13707\">\u30d5\u30ea\u30fc\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u6b74\u53f2\u3068\u6697\u53f7\u901a\u8ca8\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &#038; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af307<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;\u30d5\u30ea\u30fc\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u6b74\u53f2\u3068\u6697\u53f7\u901a\u8ca8\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &#038; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af307&#8221; &#8212; SIPO\" src=\"https:\/\/sipo.tokyo\/?p=13707&#038;embed=true#?secret=rq7dCUI4Gb#?secret=008dc5PMTN\" data-secret=\"008dc5PMTN\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-sipo wp-block-embed-sipo\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"LEZHSxJxve\"><a href=\"https:\/\/sipo.tokyo\/?p=9976\">\u30ab\u30eb\u30c0\u30ce\u306e\u201dDjed\u201d\u304c\u3082\u305f\u3089\u3059\u65b0\u4e16\u754c\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068\u30c7\u30b8\u30bf\u30eb\u6cd5\u5b9a\u901a\u8ca8\u306e\u52d5\u304d\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &#038; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af284<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;\u30ab\u30eb\u30c0\u30ce\u306e\u201dDjed\u201d\u304c\u3082\u305f\u3089\u3059\u65b0\u4e16\u754c\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068\u30c7\u30b8\u30bf\u30eb\u6cd5\u5b9a\u901a\u8ca8\u306e\u52d5\u304d\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &#038; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af284&#8221; &#8212; SIPO\" src=\"https:\/\/sipo.tokyo\/?p=9976&#038;embed=true#?secret=qJwmimkDfv#?secret=LEZHSxJxve\" data-secret=\"LEZHSxJxve\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-sipo wp-block-embed-sipo\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"wUy2N8F4Ay\"><a href=\"https:\/\/sipo.tokyo\/?p=10027\">Djed\uff1a\u4fa1\u683c\u5b89\u5b9a\u306e\u305f\u3081\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306b\u3088\u308b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u5b9f\u88c5<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Djed\uff1a\u4fa1\u683c\u5b89\u5b9a\u306e\u305f\u3081\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306b\u3088\u308b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u5b9f\u88c5&#8221; &#8212; SIPO\" src=\"https:\/\/sipo.tokyo\/?p=10027&#038;embed=true#?secret=zyrtHUh8eJ#?secret=wUy2N8F4Ay\" data-secret=\"wUy2N8F4Ay\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-sipo wp-block-embed-sipo\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"klRhiXutfJ\"><a href=\"https:\/\/sipo.tokyo\/?p=17373\">Djed\u30d1\u30d6\u30ea\u30c3\u30af\u30fb\u30c6\u30b9\u30c8\u30cd\u30c3\u30c8\u304c\u958b\u59cb\uff01<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Djed\u30d1\u30d6\u30ea\u30c3\u30af\u30fb\u30c6\u30b9\u30c8\u30cd\u30c3\u30c8\u304c\u958b\u59cb\uff01&#8221; &#8212; SIPO\" src=\"https:\/\/sipo.tokyo\/?p=17373&#038;embed=true#?secret=VmkYUDG0FS#?secret=klRhiXutfJ\" data-secret=\"klRhiXutfJ\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"\u30ab\u30eb\u30c0\u30ce\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u4e0a\u306b\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u30fb\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3Djed\u306e\u30ea\u30ea\u30fc\u30b9\u3092\u9593\u8fd1\u306b\u8feb\u308b\u4e2d\u30012021\u5e749\u6708\u306b@GooseOfCrypto\u6c0f\u306b\u3088\u308b\u30ab\u30eb\u30c0\u30ce\u306eDjed\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3068TerraLab\u306eUST\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e2\u3064\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u6bd4\u8f03\u3057\u305f\u8a18\u4e8b\u304c\u5927\u5909\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002 \u4ee5\u4e0b\u306fthecryptodrip.com\u306b\u63b2\u8f09\u3055\u308c\u305f\u8a18\u4e8b\u300cThe Stablecoin Candidate\u300d\u3092\u7ffb\u8a33\u3057\u305f\u3082\u306e\u3067\u3059\u3002 \u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u5019\u88dc by Mr.Goose 2021\u5e749\u6708 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