- Topic
23k Popularity
28k Popularity
114k Popularity
3k Popularity
20k Popularity
- Pin
- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
🎁 4 winners split $100 Futures Voucher! - 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The Rise of Sovereign Debt RWA: 5 Major Models and Future Trends Behind the $700 Million Scale
Analysis of National Debt RWA and Its Implications
In the cryptocurrency market, government bond-like RWA projects are growing rapidly, with tokenized government bond assets approaching $700 million, a 240% increase since the beginning of the year. The government bond RWA in MakerDAO has also reached a scale of billions of dollars. Government bond RWA holds significant importance for the crypto world:
Currently, there are 5 main business models for RWA government bonds: agency model, platform model, infrastructure model, self-operated model, and hybrid model. The underlying assets mainly include US Treasury ETF, US government bonds, and a combination of US Treasuries with agency bonds, cash/reverse repos.
The asset-side business architecture mainly includes trust architecture, SPV architecture, lending platform + SPV architecture, and on-chain fund share types. As the scale expands, the scalability of the architecture will become increasingly important.
User-end requirements mainly differ in terms of investment threshold, KYC requirements, and regional restrictions. The profit distribution strategies mainly include direct debt distribution and deposit interest rates. In terms of composability, projects without KYC have a greater advantage.
Characteristics of potentially winning business models in the future:
In the long run, lightweight KYC projects may have more advantages. Project parties need to seek a balance between regulation and user experience.