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Mātāpono DeFi

He aha Whakawhiwhi i te Crypto?

Ako me pēhea te mahi a te whakaaetanga Proof of Stake, i hea ngā utu whakatūpato i puta mai, me pēhea te whiriwhiri i ngā kaiwhakamana, me ngā rautaki e whakapiki i tō whiwhinga i te wā e whakahaere ana i te mōrearea.

Pānui 14 meneti I whakahoutia Māe 2026 Mātāpono DeFi
Wāhanga 1

He aha te whakatūpato?

Whakawhiwhi ko te tukanga o te whakakawenga i te moni matihiko i roto i tētahi whatunga blockchain hei āwhina i te whakau i ngā whakawhitinga me te tiaki i te whatunga. Hei utu, ka whiwhi ngā kaiwhakawhiwhi utu, ā, he mea nui i te āhua o ngā tohu hou i hangaia me ngā utu whakawhitinga. Whakaarohia hei pūkete penapena crypto-ā-rohe, e whai wāhi ana tō tāke ki te tautoko i te hanganga e mahi ai te blockchain.

Kei te noho te staking nā te Uruwhenua (PoS), he tikanga whakaaetanga i whakakapi i te pūnaha kaha pūngao o te Proof of Work (PoW) i whakamahia e Bitcoin. I te PoW, ka whakataetae ngā kaiwāhanga mā te whakahaere i ngā tatauranga uaua. I te PoS, kaiwhakaū ka kōwhirihia ki te tuku me te whakamana i ngā paraka hou i runga i te nui o te moni matihiko i whakatūpato rātou hei taura. Mēnā ka mahi pono te kaiwhakaū, ka whiwhi utu. Mēnā ka hē rānei ka noho kāore i te ipurangi, ka tapahia (i tapahia whāiti).

Ko te whakawhiti haere a Ethereum mai i te PoW ki te PoS i te Hepetema 2022 (e mōhiotia ana ko “The Merge”) te huihuinga whakatūpato nui rawa atu i te hītori crypto. I whakaiti i te whakamahinga pūngao a Ethereum i te nui ake i te 99.95% ā, i hurihia te whakatūpato ETH ki te mākete $100+ piriona. I tēnei rā, neke atu i te 34 miriona ETH (taea ki te 28% o te katoa o te taonga) kei te whakatūpato puta noa i te nui ake i te 1 miriona kaiwhakawātea, ā, ko Ethereum te pūnaha whakatūpato nui rawa atu i runga i te uara katoa kua mau.

Haumaru whatunga

Ko ngā tohu kua whakatūpato e koe hei taonga tuku e tiaki ana i te whatunga. He nui ake te whakatūpato, ka nui ake te utu ki te whakaeke i te aho.

Moni Tūmau

Whiwhi utu whakatūpato mai i te 3% ki te 20% APY, i runga i te whatunga, kāore he hokohoko kaha.

Māmā i te pūngao

Ka whakamahi te PoS i te 99.95% iti ake o te pūngao i te kāhua PoW. Kāore he taputapu motuhake e hiahiatia ana kia uru atu.

Wāhanga 2

Me pēhea te whakatūpato e mahi

Ko ngā tikanga o te whakamau i te pūtea i ngā pūnaha blockchain he rerekē iti noa iho, engari ko te tukanga matua e whai wāhi ana ki ngā wāhanga matua e whā: ngā kaiwhakawātea, te tuku mana, ngā wā ārai, me te whakaiti. He mea nui te mārama ki ia mea i mua i tō whakatakoto pūtea.

1

Ngā Tūtui

Ko ngā kaiwhakawātea he pūkete e tono ana, e whakamana ana i ngā paraka hou i runga i te whatunga Proof of Stake. Hei riro hei kaiwhakawātea Ethereum, me tuku tika 32 ETH ki te kirimana tāpui mo te ara beacon, ā, me whakahaere pūmanawa kaiwhakawātea (pērā i a Prysm, Lighthouse, Teku) i runga i tētahi mīhini e wātea ana 24/7. Ka whiriwhiri aunoa te tikanga i ngā kaiwhakawātea ki te tono paraka, ā, ka tohaina ngā komiti ki te whakamana (kōwhiri) i te tika o te paraka.

Ki Solana, me whakatakoto ngā kaiwhakawātea i te SOL me whakangao ki ngā taputapu hautiwhanga tere e taea te tukatuka i ngā whakawhitinga 65,000+ ia hēkona. Ki ngā aho i runga i te Cosmos, ka aukatia te rōpū kaiwhakawātea (hei tauira, 180 kaiwhakawātea kaha i te Cosmos Hub), e waihanga ana i te whakataetae mō te tuku mana.

2

Tuku mana

Ko te nuinga o ngā kaiwhakarato kāore e whakahaere i tō rātou validator ake. Mā te kē, ka whakawāteaō rātou tohu ki tētahi validator kua tīari kē. Ko te whakawātea he tikanga e tuku ai i tō kaha whakatāki ki tētahi validator, me te tiaki tonu i te rangatiratanga o ō tohu. Ka whakahaere te validator i te hanganga, ā, ka tohatoha wāhanga o ngā utu ki ngā kaiwhakawātea, me te tango utu komihana (i te nuinga 5-15%).

I runga i te Ethereum, kāore i hangaia te tuku ā-tūpato ki te pūnaha taketake, nō reira me whakahaere i tōu ake kaitirotiro koe, ki te whakamahi i tētahi ratonga whakatūpato. I runga i te Solana me te Cosmos, he āhuatanga nui te tuku: ka tīpakohia e koe tētahi kaitirotiro, ka tuku i ō tohu i roto i tētahi whakawhitinga kotahi, ā, ka tīmata te whiwhi utu aunoa.

3

Ngā wā ārai & Ngā wā whakakore hononga

Ka whakatūpato koe i ngā tohu, ka mau ki te wā i tautuhia e te whatunga. I runga i te Ethereum, ka roa te rārangi tuku i te 1-5 rā i raro i ngā tikanga noa. Ka whakatakotoria e Cosmos he wā unbonding pakari 21 rā, i roto i tēnei kāore ō tohu e whiwhi utu, ā, kāore e taea te whakawhiti. He wā unbonding 28 rā kei Polkadot. He poto te wā whakatā o Solana' i te 2-3 wāhanga (taea 2-3 rā).

Kei te noho ēnei wā whakakāhore hei aukati i ngā kaiwhakamana kia tere uru, ka puta i te whatunga, e taea ana te whakaiti i te haumaru. He mea hoki tēnei e pā ana ki a koeutu whai wāhi i ngā mākete hihiri ina kore e taea te hoko i tō tūranga kua whakakāhore.

4

whakawātea

Ko te whakakāri he tikanga whiwhi utu e whiu ana i ngā kaiwhakamana mō te mahi kino, te koretiro nui. I runga i te Ethereum, ka taea e tētahi kaiwhakamana te whakakāri mō tuhinga rua (e tuku ana i ngā paraka rua mō te wā kotahi) rānei pōti takiwā (e whakakāhore i tētahi whakaaetanga o mua). Ka hua te whakakāri i tētahi utu iti rawa o te 1/32 o te pūtea o te kaiwhakamana, me ngā utu tāpiri mēnā he maha ngā kaiwhakamana ka whakakāri i te wā kotahi (utu hononga).

Mo ngā kaiwhakawātea, he mōrea whakaiti tūturu engari ka taea te whakahaere. Kōwhiria ngā kaiwhakawātea whai pūkete mā, whakanui i te rerekētanga ki ngā kaiwhakawātea maha, ā, tirohia ngā papatono pērā i rated.network mō ngā tauiranga mahi a ngā kaiwhakawātea i mua i te whakawātea.

Wāhanga 3

Ngā Utu Staking Whakamāramatia

Ka puta ngā utu whakatā i ngā puna e rua: whakawhitinga whatunga (ngā tohu hou i hangaia ka tohua ki ngā kaiwhakawātea) me utu whakawhitinga (ngā tipa me ngā utu matua i utua e ngā kaiwhakamahi). Ka rerekē te ōrau i waenga i ēnei puna e rua i runga i te whatunga. I runga i te Ethereum i muri i te Mahi Ngahau, ngā tipa utu whakawhitinga (ngā utu matua) e tāpiri ana ki te utu taketake, ā, i ngā wā o te kaha mahi nui o te whatunga, ka taea e te whiwhinga utu te hipa i ngā utu whakawhitinga.

Te APY ka whiwhi koe i te APY i te whakatāwhi he hononga whakatere ki te tapeke katoa i whakatāwhia i te whatunga. Ka nui ake ngā tohu ka whakatāwhia, ka tohua ngā utu ki ngā kaiuru maha, ā, ka iti iho te whakahoki mō ia kaiwhakatāwhi. Ka hanga tēnei i tētahi taurite ā-tū: mēnā ka iti rawa ngā utu whakatāwhi, ka wehe ētahi kaiwhakatāwhi, ā, ka pikinga te APY mō ngā kaiwhakatāwhi e toe ana.

Whatunga APY whakatōpū Tapeke Whakatāwhia Wā Whakakapi
Ethereum (ETH) 3-4% ~34M ETH (~28%) 1-5 rā rārangi putanga
Solana (SOL) 6-7% ~390M SOL (~65%) 2-3 rā
Cosmos (ATOM) 15-20% ~220M ATOM (~62%) 21 rā
Polkadot (DOT) 12-15% ~700M DOT (~52%) 28 rā
Avalanche (AVAX) 7-9% ~260M AVAX (~60%) 14 rā kete iti
Cardano (ADA) 3-5% ~23B ADA (~63%) Kāore he here

Kōrero nui:Ko te APY whakatāpae teitei kāore i te mea e tohu ana he hua pai ake. Ka utu ngā whatunga me ngā reiti pikinga nui (pērā i a Cosmos i te ~15% pikinga) i ngā utu ā-tau nui ake, engari ko te hua tūturu ko te APY whakatāpae i tangohia te pikinga. Ko te hua whakatāpae iti a Ethereum ka whakaiti i tētahi wā e te tikanga whakakino (EIP-1559), e taea ana te whakaiti i te whiwhinga ETH i ngā wā mahi nui. Me aromātai tonu ngā hua whakatāpae i te horopaki o te kaupapa moni o te whatunga.

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Whakamātauria a Coinstancy Kore utu
Wāhanga 4

Ngā momo whakatāpae

Kāore i te katoa o te whakamau he ōrite. Kua whanake te pūnaha crypto i ngā huarahi maha, ia mea he rerekētanga i waenga i te mana, te māmā ki te whakawhiti, te hua, me te mōrearea. Anei ngā kāwai matua e whā.

Whakatā Taketake

Whakamau tika ki te tikanga blockchain. I runga i te Ethereum, ko tēnei te tuku 32 ETH me te whakahaere i tō ake pūtirotiro mana. I runga i te Solana, Cosmos, me Polkadot, ka tuku koe i ngā tohu ki tētahi kaiwhakawātea mā te tikanga whakamau taketake i tō pūkete.

Painga: Kāore he mōrearea a-āwhina, whakahaere katoa, ko te tautoko nui rawa o te whakatōpū. Mārearea: Ngā wā ārai, ngā whakaritenga hangarau (mō ngā kaiwhakamana takitahi), he nui te utu iti rawa i ētahi whatunga.

Whakapūmau Rere

Ngā tikanga pērā i Lido (stETH), Rocketpool (rETH), me Jito (jitoSOL) ka tuku i a koe ki te whakatakoto tohu me te whiwhi tohu whakatōpū ngōrite i te whakahoki. Ka kohia e tēnei whakatōpū ngā utu whakatakoto, ā, ka taea te whakamahi puta noa i DeFi — hei taura pūtea i runga i te Aave, i Balancer ngā pūkete waiwai, rānei i Morpho ngā mākete kāri.

Painga: Kāore he ārai, whaihua pūtea, ka taea te whakakotahi me DeFi. He pānga kino: Kāri atamai mōrearea, utu kaupapa (Lido ka utua te 10% o ngā utu), ka taea e ngā hua whāiti te hoko i te utu hekenga i te wā o te pēhanga o te mākete.

DeFi Whakapūmau

Ko te DeFi staking e kī ana ki te ārai i ngā tohu i roto i ngā kirimana kaupapa DeFi hei whiwhi utu. Ka whakauru tēnei ki te whakapūmau i ngā tohu kāwanatanga (pērā i te whakapūmau CRV i Curve hei whiwhi utu hokohoko me ngā utu whakapiki), te whakarato pūtea i ngā pūreke whakapūmau, rānei te tāpui ki ngā pūtea hua pūtea hunapērā i ngā mea i Beefy.

Māhuatanga pai: He hua nui ake i te whakatāwhi taketake, he rautaki rerekē. Māhuatanga kino: Mōrearea o ngā kirimana atamai, ngaro kāore i te mau (mō te whakatāwhi LP), mōrearea motuhake o te tikanga, ka taea te huringa o ngā hua, ā, ka whakawhirinaki ki ngā whakatenatena tohu.

Whakatāwhai Whakawhiti

Ko ngā whakawhiti pūtea pūmau pērā i a Coinbase, Binance, me Kraken e tuku ana i ngā ratonga whakatāwhi kotahi pātene. Ka tāpui koe i tō crypto, ka whakahaere te whakawhiti i ngā mahi aroturuki, ā, ka whiwhi koe i ngā utu whakatāwhi i te utu (i te nuinga 15-25%). Coinbase's cbETH and Binance's BETH he tohu whakatāwhi ngaro i tukuna e te whakawhiti.

Mānga: He wheako kaiwhakamahi tino māmā, kāore he tautuhi hangarau, ētahi e tuku ana i te whakakore tere. Mārearea: Kaitiaki (ka whakawhirinaki koe ki te whakawhitiwhiti moni), ngā utu nui ake i te whakatūpato-a‑iwi, mōrearea whakahaere, mōrearea hoa‑pakihi.

Wāhanga 5

Me pēhea te Whakamau Crypto (Hipanga‑Hipanga)

Ahakoa ka whiriwhiri koe i te whakatūpato taketake, te whakatūpato wai, rānei te whakatūpato whakawhiti, ka whai te tukanga whānui i ēnei rima hipanga. Ka whakamahia e mātou te whakatūpato wai Ethereum mā Lido hei tauira whaihua.

1

Kōwhiri Tō Taonga

Whakatau ko te token PoS e hiahia ana koe ki te whakatūpato. Whakaarohia te APY whakatūpato, te wā whakakā, ngā mātāpono o te whatunga, me tō pūkete o nāianei. He tino rongonui ngā ETH me SOL nā te rōpū pūnaha nui me te waiwai hohonu. Mō ngā wā roa ake, tirohia ngā whatunga pērā i a Cosmos, Polkadot e tuku ana i ngā hua pūtake tiketike.

2

Tīpakohia tētahi Kaiwhakamana, Pūrere rānei

Mō te whakatūpato taketake, rangahaua ngā kaiwhakawātea i ngā taputapu pērā i a rated.network (Ethereum), stakewiz.com (Solana), me mintscan.io (Cosmos). Whakamātauhia te wā e noho ana, te reiti komihana, te tapeke katoa, me te hītori o te whakakiri. Mō te whakatūpato wai, whakatauritea ngā tikanga: Lido (TVL nui rawa, utu 10%), Rocketpool (kore-ā-roto, utu 14%), rānei Jito (Solana, ngā utu kua whakapakari MEV). Mō te māmā, ko te whakatūpato whakawhiti mā Coinbase, Kraken he pāwhiri kotahi.

3

Māngai, Tuku

Mō Lido: toro ki stake.lido.fi, hono tō pūkete (MetaMask, Rabby, me ētahi atu), tāuruhia te nui o te ETH hei whakatakoto, ā, whakamana te whakawhitinga. Ka whiwhi koe i te stETH hei utu. Mō te whakatakoto a‑roto o Solana: whakatuwheratia tō pūkete Phantom, Solflare rānei, haere ki te ripa whakatakoto, tīpakohia tētahi kaiwhakawātea, tāuruhia te nui, ā, whakamana te whakawhitinga tuku.

4

Aroturuki tō tūranga

Aroturuki i āu utu whakatāpae mā te whakamahi i ngā pūtirotiro kāwai pērā i a Zapper, DeBank, rānei te papamahi whakatāpae o tō kaupapa kua tīpakohia. Mō Lido, ka piki ia rā tō tōke stETH i a ngā utu e piringa ana. Mō te whakatāpae taketake, tirohia te mahi a te validator's i ia wā — mēnā ka heke te uptime ki raro i te 95% ka panoni te komihana, whakaaro ki te tuku anō ki tētahi validator pai ake.

5

Whakakotahi, Tangohia

Mā ngā tohu whakatāwhai wera pērā i te stETH, ka whakakotahi aunoa ngā utu i te pikinga o te uara o te tohu ki te ETH. Mō te whakatāwhai taketake i runga i te Cosmos, me tonoa ā‑mano koe i ngā utu ka whakahoki ki te whakakotahi. Ina hiahia koe ki te puta, tīmatahia te tukanga whakakore whakatāwhai ka tatari mō te wā whakatā, rānei hokona tō tohu whakatāwhai wera i runga i tētahi DEX pērā i CowSwap mō te waiwai tere.

Wāhanga 6

Whakatāwhai vs Whakapau vs Whakatipu Hua

Ko ngā toru katoa he ara ki te whiwhi moni ā-māui i roto i te crypto, engari ka mahi rerekē rātou, ā, ka mau i ngā mōrearea rerekē. Anei tētahi whakataurite taipitopito hei āwhina i a koe ki te kōwhiri i te rautaki tika mō ō whāinga.

Āhuatanga Whakapūmu Utu Mahi Hua
Me pēhea te mahi Kati i ngā tohu hei tiaki i tētahi whatunga PoS Tuku pūkete tohu mō ngā kaiwhiwhi ki te whakamahi Whakarato waiwai ki ngā pūreke DEX
Puna utu Te pikinga utu + utu whakawhiti Pēke kaiwhakauru Utu hokohoko + ngā whakatenatena tohu
APY tipitipi 3-20% 2-8% 5-50%+
Kati Ngā rā ki ngā wiki Mā te nuinga kāore Mā te nuinga kāore
Mōrearea matua Te tapahi, te heke o te utu tohu Te whakaeke tukanga, nama kino Ngaro kāore i te mau, huringa ruku
Uauatanga Rāweke Rāweke Māwa-Nui
Mō te tino pai Kaihato mō te roanga wā Kaitono hua pūmau Kaiwhakamahi DeFi kaha

Kōrero mātanga: Kēia rautaki kāore i te whakakotahi. He maha ngā kaiwhakamahi DeFi wheako e whakakotahi i te whakatūpato me te tuku mā te whakamahi i ngā tohu whakatūpato wera (pērā i te stETH) hei taura i ngā tikanga tuku pērā i Morpho ki te wakaa i ngā pūmau, ka taea te whakamahi mō te hua anō. Ko tēnei "leverage staking" rautaki e whakapiki ana i ngā hua engari ka whakapiki hoki i te mōrearea o te whakakōkiri.

Whiwhi 7% APY i runga i te USDC

Te whakakotahi ia rā, kāore he here, he tango tere. Kāore e hiahiatia te kōwhiringa kaiwhakamana.

Tīmata Whiwhi Moni Ināianei
Wāhanga 7

Mōrearea o te staking

Ka whakaaturia te staking i te nuinga hei whiwhinga moni kore mōrearea, engari he hē tēnei. Ka mau ia huarahi staking katoa i ngā mōrearea motuhake e taea ana te whakaiti, te whakakore rānei i ō hua. He mea nui te mārama ki ēnei mōrearea i mua i te tuku pūtea.

Mōrearea Whakatū

Ka taea te validator ki te whiwhi whiu mō te hoatu hoatu rua, te wā whakatā roa, rānei i ngā takahi tikanga. I runga i te Ethereum, ka whakakino te whiu i te iti rawa 1/32 o te validator's stake, me ngā whiu hononga tae atu ki te 100% i ngā āhuatanga tino kino. Ka tiriwhatia e ngā delegators te ngaro nei i runga i te ōrite.

Mōrearea Kati

I ngā wā unbonding (21 rā i Cosmos, 28 rā i Polkadot), kāore e taea e koe te hoko, te tuku rānei i ō tohu. Mēnā ka heke te mākete 40% i tēnei wā, kāore ngā utu whakapae i te wāhi e kore e whakakapi i te ngaro utu. Ko te mōrearea o te mauhere he momo o te kore-rauemi kua whakamanahia.

Mōrearea Kirimana Atamai

Ko ngā tikanga rōpū rīpoata ngongo e whakaurua ana te mōrearea kirimana. Mēnā ka whakaaetia te kirimana Lido, ka kore e whai tikanga tō stETH ahakoa kei te pai ngā kaitirotiro ETH i raro. Ka whakaiti ngā arotake maha i tēnei mōrearea, engari kāore e whakakore rawa i te mōrearea. I te waenganui o te tau 2022, i hokona poto a stETH i te hekenga 6% i te wā o te pakaru o Terra/Luna me te panikanga mākete whānui, i mua i te whakahou i te wā i oti te Whakatakotoria o Ethereum.

Utu whai wāhi

Kaore e taea te pūtea kua mau i te whakatūpato te whakamahi mō ngā whai wāhitanga whai hua nui ake pērā i te hokohoko, te whakatipu hua, me ngā whakarewa hou o ngā tikanga. Mēnā he rautaki DeFi hou e tuku ana i te 30% APY engari kei te rārangi whakakore 21 rā ō tō tohu, ka ngaro koe i te wāhi. Ka whakaiti te whakatūpato ngātahi i tēnei mōrearea, engari kāore e whakakore i te mōrearea.

Whakawhāiti Pikinga

Te APY teitei mō te whakatāpae i whakakapia i te nuinga e te pikinga utu kāore i te whakakaha i tō kaha hoko tūturu. Mēnā ko te pikinga utu ATOM he 15%, ā, ko te hua whakatāpae he 18%, ko tō hua tūturu he tata ki te ~3%. Ka whakaiti ngā kāore e whakatāpae, ā, ka tautoko i ngā hua o ngā kaiwhakahaere. Me aromatawai tonu te APY ingoa i te pikinga utu o te whatunga.

Te whakakotahitanga o ngā kaiwhakamana

Lido ka whakahaere tata ki te 28% o ngā ETH kua whakatāwhai katoa. Mēnā ka rangatira tētahi tikanga whakatāwhai ngaro kotahi, ka hangaia he mōrearea pūnaha mō te whatunga katoa. Ko te whiriwhiri i ngā kaiwhakamana rerekē me ngā kaiwhakarato whakatāwhai iti ake e āwhina ana ki te tiaki i te hauora o te whatunga, ā, ka whakaiti i te mōrearea kotahi-pūnaha.

Wāhanga 8

Ngā Rautanga Whakawhiwhi Pai

Ko te whakapiki i ngā hua whakatāwhai ehara i te mea mō te kōwhiri i te APY teitei rawa. Ko ngā rautanga pai e taurite ana i te hua, te mōrearea, te māmā o te moni, me te whaihua taake. Anei ngā huarahi e whakamahia ana e ngā kaiwhakatāwhai wheako.

1. Whakaranu i ngā Kaiwhakamana

Kaua rawa e tuku katoa tō pūkete ki tētahi kaiwhakamana kotahi. Mēnā ka whiwhi whiwhinga, ka noho kore rānei te kaiwhakamana, ka pā ki tō tūranga pūkete katoa. Wehea tō tuku ki ngā kaiwhakamana 3-5 i ngā wāhi ā-rohe rerekē, pūmanawa kiritaki (Prysm, Lighthouse, Teku mō Ethereum), me ngā pūkete hītori. Ka whakaiti tēnei i te mōrea hononga, ā, ka tautoko i te whakawhitinga o te whatunga.

I runga i te Ethereum, whakaaro ki te tohatoha i waenganui i a Lido (stETH), Rocketpool (rETH), me tētahi kaiwhakarato iti pērā i a StakeWise, Swell rānei. Ka whakamahi ia tikanga i ngā rōpū kaiwhakamana rerekē, nō reira kāore he raru ki tētahi e pā ana ki tō tūranga katoa.

2. Whakamahia te Whakamau Poroiti mō te Pūkenga Pūtea

Ko ngā token roro waiwai pērā i te stETH, rETH, me te jitoSOL e tuku i ngā utu roro i a koe, me te tiaki i tō pūtea kia whai hua tonu i te DeFi. Ka taea e koe te tuku i te stETH ki Morpho hei taura pūtea ki te wakanga USDC, ka whakatūwhera i taua USDC ki tētahi rautaki hua pūri. Ko tēnei "recursive staking" tikanga ka taea te whakapiki i tō hua whaihua ki te 2-3 ngā wā, engari ka whakauru i te mōrearea whakakorea mēnā ka heke te utu ETH.

He huarahi haumaru ake: pupuri i ngā tohu whakatāwhai wera i Balancer wstETH/ETH pūreke, Curve wstETH/ETH pūreke, whiwhi utu hokohoko i runga i ngā utu whakatāwhai me te ngaro poto iti rawa i te mea he ōrite ngā rawa e rua.

3. Whiwhi Tohu Whakamārie i ia wā

Ki ngā whatunga kāore ngā utu e whakakotahi aunoa (Cosmos, Polkadot, te whakatāpae taketake o Solana), mā te tono ā‑māia me te whakahoki utu ka whai tikanga nui i te roanga o te wā. Me te 15% APY, ka piki ake te whakakotahi ia rā i tō hua tau whaihua ki te tata ki te 16.2% i te 15% kāore he whakakotahi. Ngā kaihui hua pērā i Beefy ka aunoa i tēnei tukanga mō ngā tūnga whakatāpae e tautokona ana.

Me ngā tohu whakatāwhi ngiroro (stETH, rETH), ka aunoa te whakakotahi. Ka piki te utu whakawhiti o te tohu ki te taonga taketake ia rā i te mea e whiwhi ana ngā utu, nō reira kāore he mahi ā-ringa e hiahiatia ana.

4. Tāpiri Whakatāwhi ki te Whiwhinga Stablecoin

He huarahi pūkete taurite: whakatāwhia ō penapena crypto hihiri (ETH, SOL) kia whiwhi utu whakatāwhi, ā, puritia tētahi wāhanga o tō pūkete ki ngā stablecoin e whiwhi ana i te whiwhinga hei whakaiti i te hihiritanga o te pūkete katoa. Mēnā ka heke te ETH ki te 30%, ka haere tonu ngā whiwhinga stablecoin kāore i te pā, e whakarato ana i te papa moni mau.

Ka tuku a Coinstancy i te 7% APY i runga i te USDC me te whakakotahi o ia rā, kāore he ārai, me te tango tere, e mahi ana hei tautoko taiao ki te PoS staking e taea ai te ārai i tō pūtea mō ngā rā, wiki rānei.

5. Aroturuki me te Whakarerekē

Ko te staking kāore i te mea ka waiho noa. Aroturukihia te mahi a ō kaiwhakawātea' i ia marama. Mēnā ka heke te wā e noho ana o tētahi kaiwhakawātea' ki raro i te 98% me te pikinga nui o ngā utu komihana, tukuna anō ki tētahi kaiwhakawātea whai mahi pai ake. Aroturukihia ngā panonitanga i ngā ōrau staking o te whatunga — mēnā ka piki nui te tapeke katoa, ka heke tō APY, ā, tērā pea ka hiahia koe ki te torotoro i ngā whatunga whai hua nui ake, ngā rautaki DeFi rānei. He taputapu pērā i a Zapper, DeBank, me Staking Rewards e whakarato ana i ngā papamahi kotahi mō te whakahaere pūkete staking puta noa i ngā aho.

Wāhanga 9

Ngā Pātai Auau

He haumaru te staking crypto?
Ko te whakanoho pūtea i runga i ngā whatunga Proof of Stake nui pērā i te Ethereum me te Solana e kīia ana he haumaru, engari he mōrearea motuhake kei reira. Ka taea e te whakaiti a te kaiwhakamana te whakaiti i tō pūtea mēnā ka hē te kaiwhakamana i kōwhirihia, ka pā ki te wā roa kāore i te mahi. Ko ngā wā whakakāhore e tohu ana kāore e taea te hoko i te wā ka heke te mākete. Ka tāpiri ngā tikanga whakanoho pūtea ngongo i te mōrearea kirimana atamai ki runga i te mōrearea whakanoho pūtea taketake. Hei whakaiti i te whakatūpato, whakamahia ngā kaiwhakamana kua tūmau me ngā pūkete kaha, whakanui i te rerekētanga ki ngā kaiwhakamana maha, ā, tirohia ngā tohu whakanoho pūtea ngongo mō te ngawari.
E hia te moni ka whiwhi au i te whakatā?
Ka rerekē ngā utu whakatā i runga i te whatunga, ā, ka huri i runga i te tapeke katoa kua whakatāia. I te marama o Poutūterangi 2026, ka puta te whakatā Ethereum i te 3-4% APY tata, ka tuku a Solana i te 6-7% APY, a Cosmos i te 15-20% APY, ā, ko Polkadot i te 12-15% APY. Kāore ēnei reiti i te mau — ka whakarerekē rātou i te wā tonu i runga i ngā reiti whai wāhi whatunga, ngā mahere pikinga, me ngā utu komihana a ngā kaiwhakamana. Ka taea e ngā tikanga whakatā wai te tuku i ngā reiti taketake iti ake nā te utu tikanga (i te nuinga 5-10% o ngā utu).
He aha te rerekētanga i waenganui i te whakatūpato me te tuku nama?
Ko te whakatūpato e whai wāhi ana ki te kākau i ngā tohu hei tautoko i te haumaru o te whatunga blockchain, ā, ka whiwhi i ngā tohu hou i hangaia hei utu. Ko te whakapae e whai wāhi ana ki te tuku i ngā tohu ki tētahi tikanga (pērā i te Aave, Morpho) e utu ai ngā kaiwhiwhi i te pānga ki te whakamahi i tō pūtea. Ka puta ngā utu whakatūpato i te pikinga o te whatunga me ngā utu whakawhitinga, ā, ka puta ngā hua whakapae i ngā utu pānga a ngā kaiwhiwhi. E hiahiatia ana te wā kākau mō te whakatūpato, ā, ka āhei te whakapae ki te tango wawe. He āhua o te moni ā-māuiui ēnei, engari he rerekē ngā āhua mōrearea.
Ka taea e au te whakakore i taku crypto i ngā wā katoa?
Ka whakawhirinaki i te whatunga. Ka hiahiatia e Ethereum he rārangi tatari kore-whakawhiwhi e ka roa 1-5 rā i tēnei wā, ā, ka rerekē i te hiahia puta, ahakoa i ngā wā o te kaha o te tango moni ka roa ake. He wā whakatā pūmau ā Solana e tata ki te 2-3 rā. He wā whakakāhore i te Cosmos he 21 rā. Hei karo i te mauhere katoa, ka taea e koe te whakamahi i ngā tikanga roro pērā i a Lido, Jito rānei, e whakaputa ana i tētahi tohu e taea te hokohoko (stETH, jitoSOL) e whakaatu ana i tō tūnga kua whakatūpato, ka taea te hoko i te wā tonu i ngā mākete tārua.
He aha te whakatāwhi ngiroro, ā, me pēhea te rerekētanga i te whakatāwhi auau?
Ko te whakatāwhi ngongo ngongo ka taea e koe te whakatāwhi i ō tohu me te whiwhi i tētahi tohu whakatipu (pērā i te stETH, rETH) e whakaatu ana i tō tūnga i whakatāwhia. Ka taea te hoko i tēnei tohu whakatipu, ka whakamahia hei taura i ngā tikanga nama DeFi, rānei ka tukuna ki ngā pūkete waiwai kia whiwhi hua tāpiri. Ko te whakatāwhi tūturu (tūturu) ka mau i ō tohu ki tētahi kaiwhakamana, ā, kāore e taea e koe te whakamahi i aua tohu mō tētahi mea kē tae noa ki te wehe i te whakatāwhi. Ka tāpiri te whakatāwhi ngongo ngongo i te mōrearea o ngā kirimana atamai engari ka whakaratohia te whaihua pūtea, ā, ka whakakore i te utu whai wāhi o te pūtea kua mau.
Me whakahaere au i tētahi pūkete whakatūpato hei whakatakoto crypto?
Kāore. Ko te nuinga o ngā kaiwhakarato kāri e tuku ana i ō rātou tohu ki ngā kaiwhakaū kua tīari kē, kaua ko te whakahaere i tō rātou pūtua ake. Ko te whakahaere i tētahi kaiwhakaū e hiahiatia ana he mātau hangarau, taputapu motuhake (rānei tūmau kapua), ngā whakaritenga iti mō te kāri (hei tauira, 32 ETH mō te Ethereum), me te aroturuki wā tonu 24/7. Ka āhei te tuku ki a koe te whiwhi utu kāri mā te kōwhiri i tētahi kaiwhakaū me te tuku i ō tohu ki a rātou. Ka mau tonu te rangatiratanga o ō tohu ki a koe, ā, ka taea te tuku anō, te wehe i te kāri i ngā wā katoa. Ka māmā ake ngā tikanga kāri ngongo pērā i a Lido me Rocketpool — ka tāpui koe i ngā tohu, ā, ka whakahaere a te tikanga i te kōwhiringa kaiwhakaū aunoa.

Kua rite ki te whiwhi moni ā-māui?

Whakawhiwhi i ō tohu PoS mō ngā utu whatunga, ka whiwhi 7% APY i runga i te USDC me Coinstancy — kāore he here, te whakakotahi o ia rā.