{"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\/pt\/impermanent-loss-explained\/","title":{"rendered":"Perda impermanente: compare uma pool com manter os tokens"},"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>Perda impermanente: compare uma pool com manter os tokens<\/h1>\n<p>A perda impermanente \u00e9 a desvantagem de uma posi\u00e7\u00e3o de liquidez face a manter os mesmos tokens iniciais fora da pool, antes de taxas e incentivos. O valor em d\u00f3lares pode subir e ainda assim ficar atr\u00e1s. O nome n\u00e3o promete que a diferen\u00e7a desapare\u00e7a.<\/p>\n<p class=\"scg-essential-task\">A sua tarefa: avaliar ambas as carteiras aos mesmos pre\u00e7os e calcular as taxas necess\u00e1rias para compensar a diferen\u00e7a.<\/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;Ilustra\u00e7\u00e3o DeFi para comparar fornecimento de liquidez e manuten\u00e7\u00e3o de tokens&#8221; title_text=&#8221;Ilustra\u00e7\u00e3o DeFi para comparar fornecimento de liquidez e manuten\u00e7\u00e3o de tokens&#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>Compreenda o que muda na pool<\/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>A pool altera a composi\u00e7\u00e3o dos tokens<\/h3>\n<p>Numa pool simples 50\/50 de produto constante, as trocas alteram as quantidades dos dois ativos. A arbitragem aproxima o pre\u00e7o do mercado. Quando um token fica relativamente mais caro, a pool mant\u00e9m menos dele e mais do outro. A composi\u00e7\u00e3o inicial muda.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Manter \u00e9 a refer\u00eancia<\/h3>\n<p>Registe as quantidades exatas depositadas e avalie essas quantidades inalteradas aos pre\u00e7os atuais. Compare com a posi\u00e7\u00e3o levant\u00e1vel aos mesmos pre\u00e7os. Comparar apenas com o dep\u00f3sito mede ganhos em d\u00f3lares, n\u00e3o se fornecer liquidez superou manter.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>As taxas s\u00e3o um rendimento separado<\/h3>\n<p>Taxas de negocia\u00e7\u00e3o e incentivos podem compensar a diferen\u00e7a, mas n\u00e3o necessariamente. Subtraia custos de dep\u00f3sito, levantamento, recolha e reequil\u00edbrio. Avalie recompensas a pre\u00e7os de venda realistas. Confirme se a posi\u00e7\u00e3o j\u00e1 inclui taxas para n\u00e3o as contar duas vezes.<\/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>Passo a passo: fa\u00e7a uma compara\u00e7\u00e3o justa<\/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>Registe a carteira inicial<\/h3>\n<p>Dep\u00f3sito hipot\u00e9tico: 1 ETH e 1.000 USDC com ETH a $1.000 e USDC a $1. Valor inicial: $2.000. Assuma uma pool 50\/50 de produto constante em todo o intervalo de pre\u00e7os, equil\u00edbrio de arbitragem, sem taxas ou custos e paridade USDC est\u00e1vel. S\u00e3o pressupostos did\u00e1ticos, n\u00e3o uma cota\u00e7\u00e3o atual.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Recalcule ap\u00f3s a mudan\u00e7a de pre\u00e7o<\/h3>\n<p>Se ETH subir para $4.000, a posi\u00e7\u00e3o do modelo passa a 0,5 ETH e 2.000 USDC, valendo $4.000. Manter 1 ETH e 1.000 USDC daria $5.000. A pool ganhou $2.000 desde o dep\u00f3sito, mas ficou $1.000 abaixo de manter.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Acrescente a economia real<\/h3>\n<p>A diferen\u00e7a \u00e9 $1.000 \u00f7 $5.000 = 20%, n\u00e3o 25% da pool. Com taxas medidas separadamente de $180 e custos de $30, o valor l\u00edquido \u00e9 $4.150 e a diferen\u00e7a $850. Nesta compara\u00e7\u00e3o simplificada s\u00e3o precisos $1.030 de taxas brutas para igualar manter ap\u00f3s custos.<\/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>O modelo: a rela\u00e7\u00e3o de pre\u00e7os determina a diferen\u00e7a<\/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>Neste modelo 50\/50 sem taxas e de intervalo completo, r \u00e9 o pre\u00e7o relativo final dividido pelo inicial. A raz\u00e3o entre valor LP e manuten\u00e7\u00e3o \u00e9 2\u221ar \u00f7 (1+r). Com r = 4, resulta 0,8: a desvantagem \u00e9 20%. O produto das reservas x \u00d7 y = k \u00e9 uma invariante de pre\u00e7o, n\u00e3o o valor da pool em d\u00f3lares. Se o pre\u00e7o relativo regressar exatamente ao in\u00edcio, a diverg\u00eancia do modelo desaparece; custos, outras perdas e a possibilidade de nunca regressar continuam relevantes.<\/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>Onde o modelo simples deixa de chegar<\/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>Liquidez concentrada exige o intervalo<\/h3>\n<p>Um intervalo estreito altera a exposi\u00e7\u00e3o. Fora dele, a posi\u00e7\u00e3o pode ficar inteiramente num token e deixar de ganhar taxas at\u00e9 o pre\u00e7o regressar. N\u00e3o aplique cegamente a f\u00f3rmula completa; use limites e saldos efetivamente levant\u00e1veis.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Stablecoins n\u00e3o s\u00e3o isentas de risco<\/h3>\n<p>Dois tokens ligados \u00e0 mesma moeda podem divergir se um perder a paridade. A pool pode acumular o ativo enfraquecido enquanto os operadores retiram o mais forte. Pequenas oscila\u00e7\u00f5es hist\u00f3ricas n\u00e3o eliminam riscos de emitente, contrato ou liquidez.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Uma APY atrativa n\u00e3o \u00e9 o resultado<\/h3>\n<p>Anualizar taxas recentes n\u00e3o garante rendimentos futuros. Volume, concorr\u00eancia, atividade no intervalo e pre\u00e7os dos incentivos mudam. A perda impermanente tamb\u00e9m exclui ataques, falhas dos tokens e outros riscos que podem dominar o resultado.<\/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>Exerc\u00edcio: compare quando o pre\u00e7o cai<\/h2>\n<p>Com o mesmo dep\u00f3sito, ETH cai para $250 e USDC mant\u00e9m-se a $1. A posi\u00e7\u00e3o passa a 2 ETH e 500 USDC. Quanto valem a pool e a carteira mantida? Qual \u00e9 a diferen\u00e7a percentual antes de taxas?<\/p>\n<details>\n<summary>Mostrar o c\u00e1lculo<\/summary>\n<p>Pool: 2 \u00d7 $250 + $500 = $1.000. Manter: 1 \u00d7 $250 + $1.000 = $1.250. A diferen\u00e7a de $250 equivale a 20% do valor mantido. Ambas perderam d\u00f3lares desde os $2.000 iniciais. Os 20% descrevem a diferen\u00e7a, n\u00e3o a perda total da pool de 50% antes de taxas.<\/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>Ligue o c\u00e1lculo \u00e0 sua pesquisa<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/what-is-annualized-percentage-yield-apy-in-crypto\/\">Comparar APR e APY corretamente<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/what-is-a-decentralized-exchange-dex\/\">Seguir um swap DEX passo a passo<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/categoria\/how-to-buy\/buy-defi\/\">Explorar guias de compra DeFi<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/crypto-tools\/\">Abrir a biblioteca de ferramentas cripto<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>Fontes e leitura adicional<\/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; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; 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taxas de compensa\u00e7\u00e3o, limites da liquidez concentrada e exerc\u00edcio pr\u00e1tico.<\/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\/pt\/wp-json\/wp\/v2\/posts\/1884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/comments?post=1884"}],"version-history":[{"count":1,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/posts\/1884\/revisions"}],"predecessor-version":[{"id":18775,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/posts\/1884\/revisions\/18775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/media\/3764"}],"wp:attachment":[{"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/media?parent=1884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/categories?post=1884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/tags?post=1884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}