✨ Isishwankathelo se-AI
- Kwisithuba sebhlog, ingqwalasela itshintsha ukusuka ekubeni iDeFi inokwenza isivuno na ukuya kwindlela abadlali beziko abanokulawula, balawule, kwaye bakhusele isivuno esikwi-chain ngokufanelekileyo.
- Amaziko aqalisa ukuba neziseko zophuhliso zemveliso ezakhelwe ngenjongo, endaweni yokuthembela kwiiprotokholi zomntu wesithathu, ukuqinisekisa ukuba izinto ziyaqikelelwa, igunya, kunye nokusinda kuyo yonke imijikelo yemarike.
- Esi sithuba sigxininisa ukubaluleka kokuba amaziko aphinde ayile i-tokenized yield ngokusebenzisa izisombululo zophuhliso lweDeFi ngokwezifiso ukuze zihambelane nemiyalelo yolawulo kunye namaqhinga okwakha imali ixesha elide.
- Ngokuba neziseko zophuhliso lwemveliso, amaziko anokulawula iiparameter zomngcipheko, ingqiqo yolawulo, kunye neendlela zokuphumeza, ukuphucula ulawulo, ukuqikelelwa kwangaphambili, kunye nokuqina.
- Le bhlog igxininisa ukubaluleka kokuyila iinkqubo zemveliso kumaziko agxile kulawulo, ukuqhubeka, kunye noxanduva.
Imali yesikhungo ayisabuzi ukuba iDeFi ingakwazi na ukuvelisa isivuno. Loo mbuzo sele uphenduliwe. Ingxaki yokwenyani namhlanje kukuba ingaba isivuno esikwi-chain sinokulawulwa, silawulwe, kwaye sikhuselwe kumgangatho ofanayo nayo nayiphi na enye inkqubo yezemali yesikhungo. Ukuba unoxanduva lokwabela imali, ukulawula ukuvezwa kwe-treasury, okanye ukukhusela izigqibo zesivuno kwiikomiti zotyalo-mali, abaphicothi-zincwadi, okanye abalawuli, kusenokwenzeka ukuba ulapha ngesizathu esinye. Ufuna ukuqonda indlela amanye amaziko adlula ngayo ukuxhomekeka kwiprotocol kunye nokwakha iinkqubo zesivuno abazilawulayo ngokwenene. Awufuni i-APY ephezulu. Ufuna ukuqikelelwa kwangaphambili, igunya, kunye nokusinda kuyo yonke imijikelo yemarike.
Le bhlog ibhalelwe elo xesha lovavanyo. Ichaza indlela abadlali beziko abaphinda bayila ngayo i-tokenized yield ngokusebenzisa Uphuhliso lweDeFi, kungekhona njengabathathi-nxaxheba kwiiprotokholi zomntu wesithathu, kodwa njengabanini beziseko ezingundoqo ezakhiwe ngenjongo. Ekugqibeleni, uya kuba nesakhelo esicacileyo sendlela amaziko ayila ngayo iinkqubo zemveliso ezihambelana nemiyalelo yolawulo, iimodeli zomngcipheko, kunye namaqhinga emali yexesha elide, kunye noko kufunekayo ukuzakha ngokuchanekileyo.
Kutheni Inzuzo Yeziko Ingaphumeleli Ngaphandle Kokuba Ngumnini Weziseko Zophuhliso?
Amaqhinga okuvelisa isivuno awanakuze asilele ngenxa yokuba imbuyekezo iyehla. Ayasilela kuba ulawulo luyanyamalala ngexesha elifunekayo. Ngexesha loxinzelelo lwemarike, imicimbi yolawulo, okanye ukuphazamiseka kokungabi namali, uninzi lweeprotokholi zeDeFi ezithengiswayo zibeka amaziko emngciphekweni ongenakuqinisekiswa, onokwenziwa imodeli, okanye okhuselweyo ngaphakathi kweenkqubo zotyalo-mali ezisemthethweni. Yiyo kanye loo nto amaziko ephinda ahlole indlela iinkqubo zokuvelisa isivuno eziyilwe, ezilawulwa, kwaye ezisebenza ngayo ngeenkonzo zophuhliso lweDefi ezakhelwe ngokukodwa imali yesikhungo.
Ezi ngozi ziquka:
- Igunya lolawulo eliphethwe ngabanini beethokheni bangaphandle abangenaso isibophelelo kwimiyalelo yesikhungo
- Uphuculo lweprotocol kunye notshintsho lweparameter lwenziwe ngaphandle kokubekwa kweliso kwiziko okanye amalungelo okuchasa
- Izakhiwo zemali ekwabelwana ngazo ezibangela ukuba imali ifumane usulelo olubangelwa ngabathathi-nxaxheba kwimarike abanganxulumananga
- Ukungabikho kweendlela zokuphuma eziqinisekileyo, iindlela zokumisa ikhefu, okanye ukhuseleko lwemali ngexesha leemeko zoxinzelelo
Kwabo bathatha inxaxheba kurhwebo, ezi meko zihlala zithathwa njengokuguquguquka okuqhelekileyo kwimarike. Kwabo basebenza kumaziko, zimele ukungaqiniseki kwebhalansi, ubuthathaka bokusebenza, kunye nokuvezwa kodumo. Lo mahluko ube ngundoqo kwindlela imali yesikhungo ngoku evavanya ngayo isivuno esikwi-chain. Ukuqonda okuphambili okuqhuba olu tshintsho kucacile kwaye kuqinisekile: ukuvezwa kwesivuno ngaphandle kobunini beziseko ngumngcipheko ongalawulwayo.
Xa amaziko engalawuli indlela isivuno esenziwa ngayo, elawulwa ngayo, nengaphazanyiswa ngayo, awabelani ngemali ngokukhutheleyo. Afumana umngcipheko wenqanaba leprotocol ongaphandle kwegunya lawo. Ngenxa yoko, abadlali bamaziko bayayeka ukuthatha inxaxheba kwiprotocol engashukumiyo baye kwizisombululo zophuhliso lweDeFi ezakhiwe ngokwezifiso. Ezi zisombululo zibuyisela ulawulo kwiiparameter zomngcipheko, ingqiqo yolawulo, kunye neendlela zokuphumeza kwiziko, zivumela amaqhinga esivuno ahambelana nemiyalelo yangaphakathi, imigangatho yoxanduva, kunye neenjongo zemali zexesha elide. Olu asilotshintsho lokukhetha. Lutshintsho kwindlela obuchazwa ngayo ubunini bomngcipheko.
Hlola iziseko zophuhliso zeDeFi ezilungiselelwe injongo
I-Tokenized Yield sisixhobo sezeMali, hayi uphawu lweDeFi
Kwinqanaba leziko, i-tokenized yield ayilobali lokuthengisa okanye icebo lokukhula. Lulwakhiwo lwezemali oluyilelwe ukuziphatha ngendlela eqikelelweyo phantsi kovavanyo, uxinzelelo, kunye nomlinganiselo. I-tokenized yield, xa yenzelwe amaziko, isebenza ngolu hlobo:
- Isixhobo sokuhamba kwemali esicwangcisiweyo esinemithetho ecacileyo
- I-asethi yebhalansi enesimo sengqondo esiqinisekileyo kwiimeko zemarike
- Umjelo wenzuzo ohambelana namatyala kunye neenjongo zemali kunokuba ube yindlela yokukhuthaza
Amaziko abonakalisa isivuno ngenjongo ethile yokwakha. Injongo ayikokutyhila, kodwa kukulawula. Le ndlela ivumela amaziko ukuba:
- Yahlula ubunini obuphambili kwilungelo lokufumana inzuzo
- Yenza amabango eenzuzo ezinokurhwetywa okanye ezinokuxhonywa ezihambelana neemodeli zokwakha iipotifoliyo
- Chaza ubude bexesha, ukuvuthwa, kunye nengqiqo yokuhlawulela ngokuchanekileyo
- Vumela iindlela zokuhlawula amatyala ngaphandle kokunyanzela ukuba imali ingasebenzi
Olu nqanaba lokuchaneka kwezemali alunakubakho kwiifama zemveliso eqhelekileyo okanye kwiidama zokuthengisa ezivulekileyo ezilungiselelwe ukuthatha inxaxheba nokukhula endaweni yoxanduva lwemali. Uphuhliso lweDeFi efaka ingqiqo yezemali ngqo kuyilo lweprotocol, endaweni yokubeka izikhuthazo phezu kweenkqubo ezikhoyo. Yingakho amaziko ebandakanya iNkampani yoPhuhliso lweDefi ekhethekileyo eqonda ulwakhiwo lwemali, imodeli yomngcipheko, kunye noyilo lolawulo, endaweni yokuxhomekeka kwii-protocol aggregators ezakhelwe ukuthengiswa.
Kule meko, i-tokenized yield iba sisixhobo semali esicwangcisiweyo endaweni yokuba yindlela yokubuyisela imali eqikelelweyo.
Kutheni Amaziko Etshintsha Ukuvezwa Kweprotokholi Ngoyilo LweDeFi Oluqhelekileyo?
Amaziko ngoku asebenza phantsi komthetho olula: Ukuba asinakuyilawula, siyimise, okanye siyiphumze, asinakuyibeka imali kuyo.
Ukuvezwa kweprotocol kuyasilela kolu vavanyo. Ulawulo lungaphandle, iindlela zokuphucula azinakuqikelelwa, kwaye iimeko zokuphuma zihlala zixhomekeke kwindlela yokuziphatha ebanzi yemarike kunokuba zibe yinjongo yesikhungo. Uyilo lweDeFi olucwangcisiweyo, ngokwahlukileyo, luyilelwe ukwanelisa iimfuno zolawulo lwesikhungo kwasekuqaleni. Ngeenkonzo zoPhuhliso lweDeFi ezenzelwe wena, amaziko ayakwazi ukuguqulela imiyalelo yotyalo-mali lwangaphakathi ngokuthe ngqo kwingqiqo yokusebenza kwikhonkco.
- Ulawulo loMngcipheko kwiNqanaba leeKhontrakthi: Amaziko achaza imida yokuchatshazelwa, imithetho yokwabiwa, kunye nemida yomngcipheko ngokuthe ngqo kwinqanaba le-smart-contract, ukuqinisekisa ukuba ukuziphatha kwe-veeld kuhlala ngaphakathi kwemida evunyiweyo phantsi kweemeko eziqhelekileyo nezixinzelelweyo.
- Iimodeli zoFikelelo oluLawulwayo: Ukuthatha inxaxheba kunokuvunyelwa okanye kube yingxubevange, okuvumela amaziko ukuba ahlangabezane neemfuno zomthetho nezolawulo ngaphandle kokwahlula imali kwi-liquidity ebanzi.
- Imida yeNzuzo eCwangcisiweyo: Ii-slower caps, i-floors, kunye neendlela zokunciphisa i-wheat ziqinisekisa ukuba imbuyekezo iziphatha ngendlela eqikelelweyo kwaye zihlala zihambelana nokunyamezela umngcipheko we-asethi kuyo yonke imijikelo yemarike.
- Ulawulo loLawulo oluNgxamisekileyo: Imisebenzi yokumisa, izaphuli zesekethe, kunye neendlela zokuphumeza ezihambelana nolawulo zivumela amaziko ukuba agcine igunya lokusebenza ngexesha leziganeko ezigqithisileyo kunokuxhomekeka kwiimpendulo zangaphandle zeprotocol.
Xa i-yield ilawulwa ngoyilo oluqhelekileyo, ayixhomekeki kwizigqibo zomntu wesithathu kwaye iba sisiseko sangaphakathi esihambelana nezikhokelo zomngcipheko wesikhungo. Oku akukhethi buchule.
Ibonakala njani iRe-Engineering Vield kwiSikali seZiko?
Ukuhlaziya isivuno akuthethi ukukopa amaqhinga eDeFi akhoyo ngophawu olungcono okanye ukubonakala okuphezulu. Kumaziko, kuthetha ukwakha kwakhona iinkqubo zesivuno ukususela ezantsi ukuya phezulu ngezisombululo zophuhliso lweDeFi ezibonisa ulawulo lokusebenza, uqeqesho lolawulo, kunye noxanduva lwemali.
Yintoni ethethwa yiRe-Engineering Vield kumaZiko?
- Ukwakha kwakhona uyilo lwemveliso olujikeleze izinto eziyinyani zesikhungo endaweni yeemodeli zokuthatha inxaxheba kubathengisi
- Ukuyila iinkqubo ezibeka phambili ulawulo, ukuqikelelwa kwangaphambili, kunye nokusinda kunembuyekezo yexesha elifutshane
- Ukufaka ingqiqo yezemali ngqo kwiziseko zophuhliso zeprotocol endaweni yokuthembela kwizikhuthazo zangaphandle
IiNkqubo zeNzuzo zeZiko zakhiwe njani ngokwezinga?
- Uyilo lweModular, oluvumela icebo ngalinye lemveliso ukuba lisebenze ngokuzimeleyo ngaphandle kokudala ukuvezwa kwenkqubo
- Iqhutywa yimigaqo-nkqubo ekuphunyezweni kwayo, iqinisekisa ukuba ukwabiwa kwemali kulandela imiyalelo yotyalo-mali lwangaphakathi endaweni yeendlela zokukhuthaza
- Ulawulo luyasebenza, luthatha indawo yokuvota kwezentlalo ngokuphunyezwa okusekelwe kwiindima, okuqhutywa kukwamkelwa
Le ndlela igcina ukungafihlisi kunye noxanduva ngelixa ithatha indawo yokuvota okuvulelekileyo kwezentlalo ngeemodeli zokuphunyezwa ezihambelana negunya ezifanelekileyo zokongamela amaziko.
Uyilo lweYield luyilwe njani ukuze lulawulwe?
- Icebo ngalinye lesivuno lahlulwe ngokweprofayili yomngcipheko ukuthintela ukungcoliseka okuthe kratya
- Inkunzi inokwabiwa ngokutsha ngaphandle kokubangela ukuphazamiseka kwenkqubo yonke
- Amaqhinga anokumiswa, atshintshwe, okanye ayeke ukusebenza ngaphandle kokutshintshwa kwendlela yokusebenza okanye ukungenelela okungxamisekileyo.
Kutheni Oku Kubalulekile Phantsi Kweemeko Zehlabathi Lokwenyani?
- Iinkqubo zesivuno zihlala zisebenza ngexesha lokudodobala kwexesha elide kwemarike
- Uxinzelelo lolwelo lunokulawulwa ngaphandle kokunyanzeliswa ukuba uphumle
- Uyilo lwezakhiwo lumelana nokuhlolwa kwemithetho, uphicotho-zincwadi, kunye nokuthobela imithetho
Yintoni Eyenza Eli Nqanaba Lokuqina?
- Izisombululo ezenziwe ngokwezifiso ezenzelwe iimfuno zolawulo lweziko
- Iinkonzo zophuhliso lwe-Defi ezidibanisa ingqiqo yolawulo, ulawulo lomngcipheko, kunye nokusebenza okunokwandiswa kwikhonkco
Iinkqubo zemveliso ezilungisiweyo azilungiselelwanga ukutyhileka. Zilungiselelwe ukulawula, ukuqhubeka, kunye noxanduva lweziko.
Qalisa ukuyila uyilo lwakho lwe-Institutional Yield Architecture
Isigqibo: Ukuba neZiseko zoPhuhliso lweNzuzo vs Umngcipheko weProtocol wokuzuza ilifa
Njengoko i-capital yeziko ivavanya isicwangciso sesivuno sexesha elide, esi sigqibo sigxile ngakumbi ekubeni kuxhomekeke kwiiprotokholi zomntu wesithathu okanye kutyalwe imali kwizisombululo zophuhliso lweDeFi ezakhelwe injongo eyenzelwe ulawulo kunye nobude bexesha.
| Ubungakanani besigqibo | Imigaqo yokuQeshisa iNzuzo ngokusebenzisa iiProtocols | Ukuba neZiseko zoPhuhliso lweZivuno ngokusebenzisa uPhuhliso lweDeFi |
|---|---|---|
| Injongo yoBuchule | Ukufikelela kwimveliso yobuchule | Ubunini beziseko zophuhliso zesivuno sexesha elide |
| Isantya sokusasaza | Ukuseta kokuqala ngokukhawuleza | Yakhelwe injongo yokuphila ixesha elide kunye nobukhulu |
| Ulawulo lweNkunzi | Okungathanga ngqo kunye nokuxhomekeka kwiprotokholi | Ukuphunyezwa ngokuthe ngqo, okulawulwa yiziko |
| Igunya loLawulo | Iqhutywa ngaphandle kunye nomnini-thokheni | Ihambelana ngokupheleleyo neemodeli zolawulo lwangaphakathi |
| Ulawulo lwengozi | Kwabelwana ngayo kwaye ichaphazeleke ngaphandle | Ichazwe ngokwezifiso kwaye inyanzeliswa ngaphakathi |
| Uphuculo kunye noTshintsho loLawulo | Kuxhomekeke kwimephu yendlela yeprotocol | Uphuculo kunye nophuhliso olukhokelwa yiziko |
| Ukuphuma kunye nokuVula amandla | Ixhomekeke kwimarike kwaye ayiqinisekanga | Ukuphuma okuqinisekileyo, okulawulwa lulawulo |
| Ukuchanabeka kwiintsilelo | Ixhomekeke kwi-protocol-wide protocol transmission | Yahlulwe kukusilela kweprotocol yomntu wesithathu |
| Umahluko weMveliso | Akukho nzuzo yobunini | Ivumela iimveliso zemveliso ezizimeleyo nezikhuselekileyo |
| Isiphumo Sexesha Elide | Ukuxhomekeka okuqhubekayo | Inzuzo yesicwangciso esizinzileyo |
Kwamanye amaziko, ukuthatha inxaxheba kwiprotocol kunokusebenza njengebhulorho yexesha elifutshane, kodwa akufane kufezekise iimfuno zolawulo lwexesha elide, umngcipheko, kunye noxanduva. Amaziko aneziseko zawo zemveliso ayakwazi ukusabela ngokukhawuleza ngexesha lokuguquguquka, aqalise iimveliso zemveliso ezizimeleyo ezihambelana nemiyalelo yangaphakathi, kwaye aphephe ukuvezwa kukusilela kwinqanaba leprotocol ngaphaya kolawulo lwawo.
Ezi ziphumo ziyafezekiseka xa amaziko esebenza nenkampani ekhethekileyo yophuhliso lweDeFi ekwaziyo ukuguqula ulawulo, umngcipheko, kunye neemfuno zemali zibe ziinkqubo zenkqubo ezikwi-chain-grade zemveliso.
Isigqibo Sicacile. Ixesha Lokwakha Lingoku
I-tokenized yield ayilothuba. Ulawulo lwendlela i-yield eveliswa ngayo, elawulwa ngayo, kwaye ikhuselwe ngayo yiyo egqiba impumelelo yexesha elide. Amaziko aza kukhokela isigaba esilandelayo semali-mboleko ye-on-chain ayingowo afuna imbuyekezo ephezulu, kodwa ziziseko zobunjineli ze-yield ezinokumelana nokuhlolwa, uxinzelelo lwemarike, kunye nomlinganiselo wesikhungo ngokusebenzisa izisombululo zophuhliso lweDeFi ezakhelwe injongo.
Olo hambo luqala ngeqabane elifanelekileyo lophuhliso. U-Antier usebenza njengeqhinga Inkampani yophuhliso lweDefi, ukusebenzisana namaziko ukuyila nokusasaza iziseko zophuhliso zeDeFi ezilungiselelwe ngokwesiko ezihambelana nemiyalelo yemali, iinkqubo zolawulo, kunye nolawulo lomngcipheko. Ukuba umbutho wakho ukulungele ukutshintsha ukusuka ekubonakalisweni kwe-yield ukuya ekubeni ngumnini we-yield, ngoku lixesha lokwakha. Qhagamshelana ne-Antier ukuze uhlole iinkonzo zophuhliso lweDefi ezikumgangatho wesikhungo ezenzelwe ulawulo, ukuqina, kunye nenzuzo yexesha elide.
