{"id":1884,"date":"2021-07-09T16:35:05","date_gmt":"2021-07-09T14:35:05","guid":{"rendered":"https:\/\/simplecryptoguide.com\/?page_id=1884"},"modified":"2026-10-26T07:59:44","modified_gmt":"2026-10-26T06:59:44","slug":"impermanent-loss-explained","status":"publish","type":"post","link":"https:\/\/simplecryptoguide.com\/cs\/impermanent-loss-explained\/","title":{"rendered":"Impermanent loss: porovnejte pool s dr\u017een\u00edm token\u016f"},"content":{"rendered":"<div data-no-translation><p>[et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;40px||40px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; background_color=&#8221;#fff8d8&#8243;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;2_3,1_3&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; module_class=&#8221;scg-essential-hero&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;2_3&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; header_font_size=&#8221;42px&#8221;]<\/p>\n<div class=\"scg-essential-breadcrumb\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/div>\n<h1>Impermanent loss: porovnejte pool s dr\u017een\u00edm token\u016f<\/h1>\n<p>Impermanent loss je zaost\u00e1v\u00e1n\u00ed likviditn\u00ed pozice za dr\u017een\u00edm stejn\u00fdch p\u016fvodn\u00edch token\u016f mimo pool p\u0159ed poplatky a odm\u011bnami. Dolarov\u00e1 hodnota m\u016f\u017ee r\u016fst a p\u0159esto zaost\u00e1vat. N\u00e1zev neslibuje, \u017ee rozd\u00edl zmiz\u00ed.<\/p>\n<p class=\"scg-essential-task\">V\u00e1\u0161 \u00fakol: ocenit ob\u011b portfolia stejn\u00fdmi cenami a spo\u010d\u00edtat poplatky pot\u0159ebn\u00e9 k vyrovn\u00e1n\u00ed rozd\u00edlu.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;1_3&#8243;][et_pb_image _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2026\/10\/defi-protocol-review.png&#8221; alt=&#8221;Ilustrace DeFi pro porovn\u00e1n\u00ed poskytov\u00e1n\u00ed likvidity a dr\u017een\u00ed token\u016f&#8221; title_text=&#8221;Ilustrace DeFi pro porovn\u00e1n\u00ed poskytov\u00e1n\u00ed likvidity a dr\u017een\u00ed token\u016f&#8221; align=&#8221;center&#8221; max_width=&#8221;260px&#8221; custom_margin=&#8221;0px|auto|0px|auto|true|true&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;concept-map&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Pochopte zm\u011bny v poolu<\/h2>\n<div class=\"scg-essential-grid scg-essential-flow\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Pool m\u011bn\u00ed pom\u011br token\u016f<\/h3>\n<p>V jednoduch\u00e9m 50\/50 poolu s konstantn\u00edm sou\u010dinem obchody m\u011bn\u00ed mno\u017estv\u00ed obou aktiv. Arbitr\u00e1\u017e p\u0159ibli\u017euje cenu trhu. Kdy\u017e jeden token relativn\u011b zdra\u017e\u00ed, pool jej dr\u017e\u00ed m\u00e9n\u011b a druh\u00e9ho v\u00edce. P\u016fvodn\u00ed slo\u017een\u00ed u\u017e nevlastn\u00edte.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Dr\u017een\u00ed je srovn\u00e1vac\u00ed z\u00e1klad<\/h3>\n<p>Zapi\u0161te p\u0159esn\u00e1 vlo\u017een\u00e1 mno\u017estv\u00ed a oce\u0148te je beze zm\u011bny sou\u010dasn\u00fdmi cenami. Porovnejte s aktu\u00e1ln\u011b vybratelnou pozic\u00ed p\u0159i stejn\u00fdch cen\u00e1ch. Samotn\u00e9 porovn\u00e1n\u00ed s vkladem m\u011b\u0159\u00ed dolarov\u00fd zisk, ne to, zda likvidita p\u0159ekonala dr\u017een\u00ed.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Poplatky jsou odd\u011blen\u00fd v\u00fdnos<\/h3>\n<p>Obchodn\u00ed poplatky a odm\u011bny mohou rozd\u00edl pokr\u00fdt, ale nemus\u00ed. Ode\u010dt\u011bte n\u00e1klady vkladu, v\u00fdb\u011bru, vyzvednut\u00ed a rebalancov\u00e1n\u00ed. Odm\u011bny oce\u0148ujte realistickou prodejn\u00ed cenou. Ov\u011b\u0159te, zda zobrazen\u00e1 hodnota u\u017e poplatky zahrnuje, abyste je nezapo\u010d\u00edtali dvakr\u00e1t.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;walkthrough&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Postup: vytvo\u0159te f\u00e9rov\u00e9 srovn\u00e1n\u00ed<\/h2>\n<div class=\"scg-essential-grid\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Zapi\u0161te v\u00fdchoz\u00ed portfolio<\/h3>\n<p>Hypotetick\u00fd vklad: 1 ETH a 1 000 USDC p\u0159i ETH za 1 000 $ a USDC za 1 $. Po\u010d\u00e1te\u010dn\u00ed hodnota 2 000 $. P\u0159edpokl\u00e1dejte 50\/50 pool s konstantn\u00edm sou\u010dinem v cel\u00e9m cenov\u00e9m rozsahu, arbitr\u00e1\u017en\u00ed rovnov\u00e1hu, nulov\u00e9 poplatky a n\u00e1klady a stabiln\u00ed vazbu USDC. Jde o v\u00fdukov\u00e9 p\u0159edpoklady, ne aktu\u00e1ln\u00ed nab\u00eddku.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>P\u0159epo\u010d\u00edtejte po zm\u011bn\u011b ceny<\/h3>\n<p>P\u0159i r\u016fstu ETH na 4 000 $ tvo\u0159\u00ed modelovou pozici 0,5 ETH a 2 000 USDC v hodnot\u011b 4 000 $. P\u016fvodn\u00ed 1 ETH a 1 000 USDC by m\u011bly hodnotu 5 000 $. Pool vyd\u011blal od vkladu 2 000 $, ale za dr\u017een\u00edm zaost\u00e1v\u00e1 o 1 000 $.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>P\u0159idejte skute\u010dn\u00e9 v\u00fdnosy a n\u00e1klady<\/h3>\n<p>Rozd\u00edl je 1 000 $ \u00f7 5 000 $ = 20 %, ne 25 % hodnoty poolu. P\u0159i zvl\u00e1\u0161\u0165 m\u011b\u0159en\u00fdch poplatc\u00edch 180 $ a n\u00e1kladech 30 $ \u010din\u00ed \u010dist\u00e1 hodnota 4 150 $ a rozd\u00edl 850 $. V tomto zjednodu\u0161en\u00ed je pot\u0159eba 1 030 $ hrub\u00fdch poplatk\u016f k dorovn\u00e1n\u00ed dr\u017een\u00ed po n\u00e1kladech.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;worked-example&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; module_class=&#8221;scg-essential-panel&#8221; background_color=&#8221;#fff8d8&#8243; custom_padding_phone=&#8221;22px|18px|22px|18px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|16px|16px|16px|16px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Model: cenov\u00fd pom\u011br ur\u010duje rozd\u00edl<\/h2>\n<div class=\"scg-essential-equation\"><span>2\u221a4 \u00f7 (1 + 4)<\/span><span>=<\/span><strong>0.8 \u2192 \u221220%<\/strong><\/div>\n<p>V tomto bezpoplatkov\u00e9m 50\/50 modelu pro cel\u00fd rozsah je r kone\u010dn\u00e1 relativn\u00ed cena token\u016f d\u011blen\u00e1 po\u010d\u00e1te\u010dn\u00ed. Pom\u011br hodnoty LP v\u016f\u010di dr\u017een\u00ed je 2\u221ar \u00f7 (1+r). P\u0159i r = 4 vych\u00e1z\u00ed 0,8, tedy zaost\u00e1v\u00e1n\u00ed 20 %. Sou\u010din rezerv x \u00d7 y = k je cenov\u00fd invariant, nikoli dolarov\u00e1 hodnota poolu. Vr\u00e1t\u00ed-li se relativn\u00ed cena p\u0159esn\u011b na za\u010d\u00e1tek, modelov\u00e1 odchylka zmiz\u00ed; n\u00e1klady, dal\u0161\u00ed ztr\u00e1ty a mo\u017enost, \u017ee se cena nevr\u00e1t\u00ed, z\u016fst\u00e1vaj\u00ed.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;common-mistakes&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Kde jednoduch\u00fd model nesta\u010d\u00ed<\/h2>\n<div class=\"scg-essential-grid\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Koncentrovan\u00e1 likvidita pot\u0159ebuje sv\u00e9 hranice<\/h3>\n<p>\u00dazk\u00fd cenov\u00fd rozsah m\u011bn\u00ed expozici. Mimo n\u011bj m\u016f\u017ee pozice obsahovat jen jeden token a p\u0159estat vyd\u011bl\u00e1vat obchodn\u00ed poplatky do n\u00e1vratu ceny. Nepou\u017e\u00edvejte slep\u011b vzorec pro cel\u00fd rozsah; pracujte s hranicemi a skute\u010dn\u011b vybrateln\u00fdmi z\u016fstatky.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Stablecoiny nejsou bez rizika<\/h3>\n<p>Dva tokeny nav\u00e1zan\u00e9 na stejnou m\u011bnu se mohou rozej\u00edt, pokud jeden vazbu ztrat\u00ed. Pool m\u016f\u017ee hromadit sl\u00e1bnouc\u00ed aktivum, zat\u00edmco obchodn\u00edci vyb\u00edraj\u00ed siln\u011bj\u0161\u00ed. Mal\u00e9 historick\u00e9 pohyby neodstra\u0148uj\u00ed riziko emitenta, kontraktu ani likvidity.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>L\u00e1kav\u00e9 APY nen\u00ed v\u00fdsledek<\/h3>\n<p>P\u0159epo\u010det ned\u00e1vn\u00fdch poplatk\u016f na rok nezaru\u010duje budouc\u00ed p\u0159\u00edjem. Objem, konkurence, aktivita v rozsahu a ceny odm\u011bn se m\u011bn\u00ed. Impermanent loss nav\u00edc nezahrnuje hacky, selh\u00e1n\u00ed token\u016f a dal\u0161\u00ed rizika, kter\u00e1 mohou p\u0159ev\u00e1\u017eit.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;practice&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; module_class=&#8221;scg-essential-panel&#8221; background_color=&#8221;#fff8d8&#8243; custom_padding_phone=&#8221;22px|18px|22px|18px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|16px|16px|16px|16px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Cvi\u010den\u00ed: srovn\u00e1n\u00ed p\u0159i poklesu ceny<\/h2>\n<p>Pou\u017eijte stejn\u00fd vklad, ale ETH klesne na 250 $ a USDC z\u016fstane na 1 $. Pozice bude 2 ETH a 500 USDC. Jak\u00e9 jsou hodnoty poolu a dr\u017een\u00ed? Jak\u00fd je procentn\u00ed rozd\u00edl p\u0159ed poplatky?<\/p>\n<details>\n<summary>Zobrazit v\u00fdpo\u010det<\/summary>\n<p>Pool: 2 \u00d7 250 $ + 500 $ = 1 000 $. Dr\u017een\u00ed: 1 \u00d7 250 $ + 1 000 $ = 1 250 $. Rozd\u00edl 250 $ je 20 % hodnoty dr\u017een\u00ed. Ob\u011b portfolia ztratila dolary proti p\u016fvodn\u00edm 2 000 $. T\u011bch 20 % popisuje rozd\u00edl, nikoli celkovou ztr\u00e1tu poolu 50 % p\u0159ed poplatky.<\/p>\n<\/details>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;next-steps&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Propojte v\u00fdpo\u010det s pr\u016fzkumem<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/cs\/what-is-annualized-percentage-yield-apy-in-crypto\/\">Spr\u00e1vn\u011b porovnat APR a APY<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/cs\/co-je-decentralizovana-burza-dex\/\">Proj\u00edt DEX swap krok za krokem<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/cs\/kategorie\/jak-nakupovat\/buy-defi\/\">Prozkoumat n\u00e1kupn\u00ed pr\u016fvodce DeFi<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/cs\/crypto-tools\/\">Otev\u0159\u00edt knihovnu krypton\u00e1stroj\u016f<span aria-hidden=\"true\">\u2192<\/span><\/a><\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;sources&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Zdroje a dal\u0161\u00ed \u010dten\u00ed<\/h2>\n<ul class=\"scg-essential-sources\">\n<li><a href=\"https:\/\/developers.uniswap.org\/docs\/protocols\/v2\/concepts\/understanding-returns\" target=\"_blank\" rel=\"noopener\">Uniswap v2: returns<\/a><\/li>\n<li><a href=\"https:\/\/developers.uniswap.org\/docs\/get-started\/concepts\/liquidity-providers\/concentrated-liquidity\" target=\"_blank\" rel=\"noopener\">Uniswap v3 \/ v4: concentrated liquidity<\/a><\/li>\n<li><a href=\"https:\/\/support.uniswap.org\/hc\/en-us\/articles\/37113550065549-What-are-the-risks-when-providing-liquidity\" target=\"_blank\" rel=\"noopener\">Uniswap: liquidity risks<\/a><\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; 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p\u0159\u00edklad 50\/50, pot\u0159ebn\u00e9 poplatky, limity koncentrovan\u00e9 likvidity a praktick\u00e9 cvi\u010den\u00ed.<\/p>\n","protected":false},"author":1,"featured_media":3764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[99],"tags":[129,871,110,795,204],"class_list":["post-1884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advanced","tag-defi","tag-impermanent-loss","tag-liquidity","tag-liquidity-pool","tag-staking"],"_links":{"self":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/posts\/1884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/comments?post=1884"}],"version-history":[{"count":1,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/posts\/1884\/revisions"}],"predecessor-version":[{"id":18775,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/posts\/1884\/revisions\/18775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/media\/3764"}],"wp:attachment":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/media?parent=1884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/categories?post=1884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/tags?post=1884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}