Ukuba uchithe naliphi na ixesha kwisithuba se-DeFi, usenokuba ukhe weva ngedama le-liquidity. La machibi ahlala ekhuthazwa njengendlela yokufumana imali engenayo kunye ne-crypto okanye njengendlela yokufumana umvuzo othile.
Ngaphambi kokuba utsibe ekufakeni izinto zakho zexabiso kwenye yeendlela ezininzi ze-LP, kubalulekile ukwazi iziseko. Ii-LPs bubuchwephesha obuyimfuneko kwi-ecosystem yezemali ekwabekelwe bucala nekufanele ukuba kufundwe ngayo.
Esi sikhokelo siya kuphonononga ukuba yintoni ichibi lokusebenzisa amanzi, lisebenza njani, kwaye kutheni libalulekile. Siza kuphinda sijonge ingcamango yelahleko engapheliyo kunye nendlela onokuthi uyithintele ngayo njengomtyali-mali we-crypto.
Yintoni ichibi lokusebenzisa amanzi?
Iiphuli zombane zikhontrakthi ezinobulumko ezivumela abasebenzisi ukuba batshintshe i-crypto ngaphandle kwesidingo sabenzi bemarike abaphakathi.
Utshintshiselwano oluphakathi lusebenzisa inkqubo yencwadi yokuodola, egcina irekhodi yokuthenga nokuthengisa iiodolo. Ingxaki ngenkqubo yeencwadi zoku-odola kukuba zifuna iziseko zoncedo ezingaphakathi ukuze zihambelane nee-odolo, ezibonelela ngoluhlu olongezelelweyo lobunzima.
Iincwadi zokuodola aziyiyo inkqubo efanelekileyo apho nabani na anokwenza iithokheni zabo. Iincwadi zokuodola nazo ziba nzima ukuzisebenzisa xa imiqulu yokurhweba iphantsi.
Kunokuba usebenzise ukuthenga nokuthengisa inkqubo yencwadi yee-odolo, ii-liquidity pools zisebenzisa abenzi beemarike ezizenzekelayo ukumisela amaxabiso xa uthengisa. Kukho ngokusisiseko i-algorithm emisela ixabiso, kunokuba abathengisi kunye nabathengi.
Amadama ombane, njengoko igama lisitsho, anika utshintshiselwano utywala. Ubumanzi bunamandla okuba ingqekembe itshintshe ibe yi-fiat okanye ezinye ii-cryptocurrencies. Kodwa kutheni i-liquidity ibaluleke kakhulu?
Kutheni zibalulekile nje?
Ngaphandle kwamachibi ombane, i-DeFi ayinakwenzeka ngokulula.
Ukungabikho kwemali okuphezulu yimeko efanelekileyo kwii-cryptocurrencies ezininzi. Ukuba amathokheni akhoyo, ukuthengiswa kwemali kuzinzisa ixabiso lemarike kwaye kunciphisa ukuguquguquka kwe-asethi. Xa isixa esikhulu sethokheni ethile sirhweba kwi-liquidity pool, ukuhluka kwamaxabiso okuzenzekelayo kunokungahoywa.
Ukungabi namali yokuhlawula amatyala kukhokelela ekutyibilikeni okuphezulu. I-Slippage ibhekisa kumahluko phakathi kwexabiso elilindelekileyo le-asethi kunye nexabiso elihlawulwa ngumsebenzisi xa eqhuba intengiselwano.
Ayisiyiyo loo nto kuphela, ukunqongophala kwemali kuthetha ukuba kuya kuba nzima ukuthengisa i-asethi ethile. Ngokuqinisekileyo oku kunjalo kwiithokheni ezintsha ezisanda kukhutshwa kuluntu.
Ukuze iiprojekthi ezintsha zisebenze kakuhle kunye ne-ecosystem ye-DeFi yangoku, abaphuhlisi kufuneka baqinisekise ukuba i-protocol incentivity liquidity ukwenzela ukuba iithokheni zihanjiswe ngokwaneleyo.
Njani zisebenza?
Makhe sijonge indlela umenzi wemarike osebenza ngayo.
Imodeli ye-AMM isebenzisa i-algorithm ebeka amaxabiso amathokheni ngokusekelwe kumlinganiselo wangoku wamathokheni anikezelweyo. Umzekelo, Ukungatshintshi isebenzisa ifomula yemveliso engaguqukiyo x *y = k kwidindi zayo zokurhweba ngababini.
Kuthetha ukuthini oku kukuba ixabiso lika-x kunye nexabiso lika-y lilungelelaniswe ukuze ixabiso lilonke le-pool lihlale lingatshintshi k.
Umzekelo, masithi sine-USDC/ETH iperi ene-1 ETH exabisa i-$1000. Makhe sicinge ukuba i-pool ye-liquidity ine-10 ETH kunye ne-10,000 USDC. U-k wethu ongaguqukiyo uyakulingana no-10 * 10,000 = 100,000.
Ukuba umntu wayeza kuthenga i-1 ETH echibini, ixabiso le-ETH liya kwanda kwaye ixabiso le-USDC liya kuncipha ngendlela yokuba i-k ihlala ihleli.
Ukulima isivuno
Vumelani ukulima Yeyona ndlela idumileyo yokwenza ingeniso ye-passive kwi-asethi yakho ye-crypto. Oku kubhekiselele kwinkqubo yokuboleka imali yakho kwindawo yokuhlawula amatyala ukuze ufumane imbuyekezo.
Iiprothokholi zamanzi ombane zibonelela ngembuyekezo okanye “isivuno” ukuze kukhuthazwe abantu ukuba babonelele ngemali yokuhlawula amatyala.
Umzekelo, unokubonelela ngexabiso elithile le-liquidity kwi-LP kunye ne-USDT / BNB uphawu lwesibini. Abasebenzisi abathenga kwaye bathengise amathokheni kwi-LP bahlawula umrhumo oqingqiweyo. Lo mrhumo uthi ke usasazwe njengembuyekezo kubaboneleli bemali yokuhlawula amatyala.
Unikezelo lwenyani lwale mivuzo luxhomekeke kwiprothokholi, kodwa ihlala isekwe kwisixa semali obonelela ngayo. Okukhona ufaka i-crypto, kokukhona siphezulu isivuno sakho.
Zininzi iiwebhusayithi ezikuvumela ukuba uvelise ifama. Ijika lezezimali yiprothokholi edumileyo kuba igxile ekutshintsheni kwe-stablecoin, engaguquguqukiyo kakhulu kunezinye izibini zokurhweba. Enye iprotocol ethandwayo yile ICandelo lezeMali, ekuvumela ukuba uboleke kwaye uboleke impahla ngeqonga layo.
Ukulahleka okungapheliyo
Ngaphambi kokuba ubeke i-crypto yakho kwidama le-liquidity, kufuneka uqonde umngcipheko we Ilahleko engapheliyo.
Ukuyibeka ngokulula, ilahleko engapheliyo sisixa semali obunokuyenza ukuba ubuyibambe nje imali yakho kunokuba uyibeke kwi-liquidity pool.
Kwenzeka njani oku?
Umzekelo, makhe sicinge ukuba sine-USDC/ETH ye-liquidity pool enomlinganiselo olinganayo wophawu ngalunye, kunye ne-1 ETH exabisa i-100 yeedola. Njengomboneleli we-liquidity, wongeza i-1 ETH kunye ne-100 USDC kwi-liquidity pool. Imali yedola ngexesha lediphozithi ixabisa i-$ 200 iyonke.
Masithi kukho i-10 ETH kunye ne-1,000 USDC kwi-liquidity pool. Ekubeni ixabiso le-asethi nganye echibini lixhomekeke kwireyishini ye-liquidity pools, amaxabiso abo ahlukile kumaxabiso abonwa kutshintshiselwano.
Masithi ixabiso le-Ethereum liphindwe kabini kwiinyanga ezintandathu ezizayo, oku kuthetha ukuba i-ETH nganye ngoku ixabisa i-200 yeedola. Ukugcina umlinganiselo we-50/50, kufuneka kubekho malunga ne-7.071 ETH kunye ne-1,414.21 USDC.
Ukuba uhoxisa ngoku, unelungelo lokufumana i-0.7071 ETH kunye ne-141.42 USDC, malunga ne-$ 282. Nangona kunjalo, ukuba uthe wabambelela kwi-ETH yakho, uya kuba ne-300 yeedola zamathokheni (i-$ 100 ye-USDC kunye ne-$ 200 ye-ETH).
Umahluko we-18 yeedola waziwa njengexabiso lelahleko engapheliyo onayo.
Kukho iindlela ezimbalwa zokuphepha ilahleko engapheliyo. Okokuqala, unokugxila kwiimbini ze-stablecoin, ezifana ne-USDT / USDC. Awunakukwazi ukufumana umvuzo omkhulu onokwenzeka kwizibini eziguqukayo, kodwa usafumana umvuzo oqinisekisiweyo kwisabelo sakho semirhumo yokurhweba.
Okwesibini, ungafumana amachibi ombane axhasa umlinganiselo we-asethi ongalinganiyo. Ezi ziquka amachibi aguquguqukayo anemilinganiselo efana ne-95/5 kunye ne-60/40.
isiphelo
Amachibi ombane yenye yezona ngcamango zibalulekileyo kwindawo ye-DeFi. Ngaphandle kwee-LPs, asinakukwazi ukufezekisa utshintshiselwano olunatyisiweyo, ukuboleka, kunye nezinye iikhontrakthi zemali.
Abatyali-zimali be-Crypto banokuthatha ithuba lokusebenzisa amachibi ombane ukwenza imali engenzi nto nge-cryptocurrency abasenokuba sele benayo.
Phambi kokuba benze utyalo-mali kwindawo yokuhlawula amatyala, abatyali-zimali kufuneka baphande ukuba ungakanani na umngcipheko abanokuthi bazibeke kuwo kwaye ingaba umngcipheko ufanelekile na umvuzo abanokuwuvelisa.
Shiya iMpendulo