Gate 新聞訊息，4 月 27 日 — Curve 創辦人 Michael Egorov 提出了一種基於市場的機制，用於在 DeFi 借貸協議中回收壞帳，並將其定位為傳統紓困模式的替代方案。該提案的核心在於將受困部位轉換為可交易的投資產品，並以 Curve 的 CRV-long LlamaLend 市場作為試點案例。 Curve 的 LlamaLend 市場在 2025 年 10 月累積了約 700,000 美元的壞帳，導致金庫資金不足，並困住借款人，使其無法完全提領。Egorov 認為，與其尋求直接紓困，不如說受損金庫代幣具備一種「類期權」的收益結構：若 CRV 上漲，抵押品即可恢復並乾淨清算；若 CRV 下跌，支撐不會像傳統壞帳那樣以相同方式惡化。為了讓這些代幣能夠交易，Egorov 已建立以約 71% 偿付能力為核心的 Curve stableswap 池，讓受困金庫代幣得以交換。流動性提供者可賺取交換費用，並可能獲得 CRV 獎勵；同時，DAO 可透過管理員費用累積受損代幣，而無需進行直接紓困投票。 該提案發布之際，正值 DeFi 社群圍繞壞帳回收的激烈辯論升溫，起因於 KelpDAO 漏洞事件。該事件暴露出 百萬 的資產，並促使 Aave 面臨顯著資金流出。來自 Lido、Mantle 以及 Aave 本身的競爭性回收框架也相繼出現，涵蓋從代幣分配到緊急貸款與 ETH 注資等各種做法。早期社群的反應褒貶不一：有些評論者認為，受困部位產生的收益不足以在沒有大量補貼的情況下吸引買家；也有人則表示，只要 CRV 最終回升，該「類期權」的收益結構以及折價的切入點就能帶來可行的交易機會。

Gate News 消息，4 月 27 日——Curve 團隊在 4 月 27 日披露了一項治理提案，以處理來自 CRV-long LlamaLend 市場約 $700,000 的不良債務，該事件發生在 2025 年 10 月 10 日。所提出的回收機制利用 CRV-long 槽位資產的選擇權性質：當 CRV 價格上漲時，槽位價值增加，但在價格下跌時不會遭受額外損失。

Gate News reports that on March 26, Onchain Lens monitoring showed that a Hyperliquid whale with cumulative profits and losses of +$16.39 million, suspected to be associated with NervousDegen, recently opened long positions. The address opened 100 BTC longs (40x leverage) with a notional value of approximately $7.09 million; simultaneously opened 1 million LIT longs (5x leverage) with a notional value of approximately $982,000. Additionally, the address currently holds 75,160 HYPE spot and staking positions with a combined value of approximately $3.01 million.

Polymarket announced that starting March 30, it will impose Taker fees on almost all trading categories with variable rates, reaching up to 1.8% for crypto contracts. Geopolitical categories are exempt from fees, marking its emphasis on global high-risk events and ending a long-standing "zero-fee" policy.

Gate News bot message, according to Gate's official announcement Gate Contract Stock section has launched VCX perpetual contract live trading, settled in USDT, supporting 1-20x long and short operations, with leverage selectable at the time of order placement. VCX(Fundrise Innovation Fund) is a publicly traded venture capital fund listed on the New York Stock Exchange, with a portfolio covering leading private technology and AI companies including OpenAI, Anthropic, Databricks, SpaceX, Anduril, Ramp, and more.

Gate News Report: On March 25, Hyperbot data shows that DJ Machi (Huang Licheng) opened a 40x leveraged Bitcoin long position 3 hours ago, currently holding 22 BTC. Additionally, DJ Machi also holds a 25x leveraged Ethereum long position with approximately 6675 ETH. The overall position value is approximately $15.983 million.

Gate News bot Message, according to Gate official announcement Gate Contract Stock Zone has launched EWT and KWEB perpetual contracts for live trading, with both contracts supporting USDT settlement and offering 1-20x leverage for long and short positions. EWT (iShares MSCI Taiwan ETF) tracks the MSCI Taiwan 25/50 Index, traded in USD, covering quality large-cap and mid-cap stocks in Taiwan. KWEB (KraneShares CSI China Internet ETF) tracks the CSI Overseas China Internet Index, holding core Chinese internet assets listed overseas. Both perpetual contracts are now open for trading, and users can select their desired leverage multiple when placing orders.

K33 research reports that Bitcoin has recently been oscillating in the range of $60,000 to $75,000, with weakening selling pressure in the market, showing characteristics of establishing a bottom. Long-term holders tend to hold their coins, which helps stabilize prices, but macroeconomic uncertainties remain that may affect risk appetite and capital inflows.

Recently, Circle and a certain CEX have intensified competition in the stablecoin economy. Circle supports stablecoin regulatory legislation to gain legitimacy, and despite facing stock price fluctuations, may benefit from regulatory certainty in the long term. Meanwhile, the CEX focuses on short-term returns. 10x Research is reassessing its investment strategy.

BlockBeats news, on March 25, Aave Labs officially disclosed its Reinvestment Module solution in the V4 upgrade. Data shows that among Aave's approximately $20 billion in stablecoin deposits, approximately $6 billion have been idle for the long term. The module will automatically allocate excess reserves to governance-approved low-risk strategies (such as short-term Treasury bills, money market funds, or Delta-neutral trading), while maintaining fund withdrawability at any time with no lock-up restrictions.