{"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\/zh\/impermanent-loss-explained\/","title":{"rendered":"\u65e0\u5e38\u635f\u5931\uff1a\u5c06\u6d41\u52a8\u6027\u6c60\u4e0e\u76f4\u63a5\u6301\u5e01\u6bd4\u8f83"},"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 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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>\u65e0\u5e38\u635f\u5931\uff1a\u5c06\u6d41\u52a8\u6027\u6c60\u4e0e\u76f4\u63a5\u6301\u5e01\u6bd4\u8f83<\/h1>\n<p>\u65e0\u5e38\u635f\u5931\u662f\u6d41\u52a8\u6027\u5934\u5bf8\u76f8\u5bf9\u4e8e\u5728\u6c60\u5916\u4fdd\u7559\u76f8\u540c\u521d\u59cb\u4ee3\u5e01\u7684\u4ef7\u503c\u5dee\u989d\uff0c\u6682\u4e0d\u8ba1\u624b\u7eed\u8d39\u548c\u6fc0\u52b1\u3002\u5934\u5bf8\u7684\u7f8e\u5143\u4ef7\u503c\u53ef\u80fd\u4e0a\u6da8\uff0c\u5374\u4ecd\u843d\u540e\u4e8e\u6301\u5e01\u3002\u8fd9\u4e2a\u540d\u79f0\u5e76\u4e0d\u4fdd\u8bc1\u5dee\u989d\u4f1a\u6d88\u5931\u3002<\/p>\n<p class=\"scg-essential-task\">\u4f60\u7684\u4efb\u52a1\uff1a\u7528\u76f8\u540c\u4ef7\u683c\u8ba1\u7b97\u4e24\u79cd\u7ec4\u5408\uff0c\u5e76\u786e\u5b9a\u9700\u8981\u591a\u5c11\u624b\u7eed\u8d39\u6536\u5165\u624d\u80fd\u5f25\u8865\u5dee\u989d\u3002<\/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;\u6bd4\u8f83\u63d0\u4f9b\u6d41\u52a8\u6027\u4e0e\u6301\u6709\u4ee3\u5e01\u7684DeFi\u7814\u7a76\u63d2\u56fe&#8221; title_text=&#8221;\u6bd4\u8f83\u63d0\u4f9b\u6d41\u52a8\u6027\u4e0e\u6301\u6709\u4ee3\u5e01\u7684DeFi\u7814\u7a76\u63d2\u56fe&#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>\u7406\u89e3\u6c60\u5185\u53d1\u751f\u7684\u53d8\u5316<\/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>\u6c60\u4f1a\u6539\u53d8\u4ee3\u5e01\u7ec4\u5408<\/h3>\n<p>\u5728\u7b80\u5355\u768450\/50\u6052\u5b9a\u4e58\u79ef\u6c60\u4e2d\uff0c\u4ea4\u6613\u4f1a\u6539\u53d8\u4e24\u79cd\u8d44\u4ea7\u7684\u6570\u91cf\u3002\u5957\u5229\u4f7f\u6c60\u4ef7\u683c\u63a5\u8fd1\u5e02\u573a\u4ef7\u683c\u3002\u4e00\u79cd\u4ee3\u5e01\u76f8\u5bf9\u53d8\u8d35\u65f6\uff0c\u6c60\u6301\u6709\u7684\u8be5\u4ee3\u5e01\u51cf\u5c11\uff0c\u53e6\u4e00\u79cd\u589e\u52a0\u3002\u4f60\u4e0d\u518d\u62e5\u6709\u539f\u6765\u7684\u8d44\u4ea7\u6bd4\u4f8b\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>\u6301\u5e01\u624d\u662f\u6bd4\u8f83\u57fa\u51c6<\/h3>\n<p>\u8bb0\u5f55\u51c6\u786e\u7684\u5b58\u5165\u6570\u91cf\uff0c\u5e76\u7528\u5f53\u524d\u4ef7\u683c\u8ba1\u7b97\u8fd9\u4e9b\u6570\u91cf\u4e0d\u53d8\u65f6\u7684\u4ef7\u503c\u3002\u4e0e\u5f53\u524d\u53ef\u63d0\u53d6\u5934\u5bf8\u6309\u540c\u6837\u4ef7\u683c\u6bd4\u8f83\u3002\u53ea\u4e0e\u521d\u59cb\u5b58\u6b3e\u76f8\u6bd4\uff0c\u56de\u7b54\u7684\u662f\u6709\u6ca1\u6709\u7f8e\u5143\u76c8\u5229\uff0c\u800c\u4e0d\u662f\u63d0\u4f9b\u6d41\u52a8\u6027\u662f\u5426\u80dc\u8fc7\u6301\u5e01\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>\u624b\u7eed\u8d39\u662f\u72ec\u7acb\u6536\u76ca<\/h3>\n<p>\u4ea4\u6613\u624b\u7eed\u8d39\u548c\u6fc0\u52b1\u53ef\u80fd\u62b5\u6d88\u5dee\u989d\uff0c\u4f46\u4e0d\u4e00\u5b9a\u3002\u6263\u9664\u5b58\u5165\u3001\u63d0\u53d6\u3001\u9886\u53d6\u5956\u52b1\u548c\u518d\u5e73\u8861\u6210\u672c\u3002\u5956\u52b1\u4ee3\u5e01\u5e94\u6309\u73b0\u5b9e\u53ef\u5356\u51fa\u7684\u4ef7\u683c\u4f30\u503c\u3002\u786e\u8ba4\u663e\u793a\u7684\u5934\u5bf8\u662f\u5426\u5df2\u5305\u542b\u624b\u7eed\u8d39\uff0c\u907f\u514d\u91cd\u590d\u8ba1\u7b97\u3002<\/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>\u64cd\u4f5c\u6b65\u9aa4\uff1a\u5efa\u7acb\u516c\u5e73\u6bd4\u8f83<\/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>\u8bb0\u4e0b\u521d\u59cb\u7ec4\u5408<\/h3>\n<p>\u5047\u8bbe\u5b58\u51651 ETH\u548c1,000 USDC\uff0c\u6b64\u65f6ETH\u4e3a1,000\u7f8e\u5143\uff0cUSDC\u4e3a1\u7f8e\u5143\uff0c\u603b\u503c2,000\u7f8e\u5143\u3002\u5047\u5b9a\u4f7f\u7528\u5168\u4ef7\u683c\u8303\u56f4\u768450\/50\u6052\u5b9a\u4e58\u79ef\u6c60\u3001\u5957\u5229\u5747\u8861\u3001\u65e0\u624b\u7eed\u8d39\u548c\u6210\u672c\uff0c\u5e76\u4e14USDC\u951a\u5b9a\u4e0d\u53d8\u3002\u8fd9\u662f\u6559\u5b66\u5047\u8bbe\uff0c\u4e0d\u662f\u5b9e\u65f6\u62a5\u4ef7\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>\u4ef7\u683c\u53d8\u5316\u540e\u91cd\u65b0\u8ba1\u7b97<\/h3>\n<p>\u5982\u679cETH\u6da8\u81f34,000\u7f8e\u5143\uff0c\u6a21\u578b\u5934\u5bf8\u53d8\u4e3a0.5 ETH\u548c2,000 USDC\uff0c\u4ef7\u503c4,000\u7f8e\u5143\u3002\u76f4\u63a5\u4fdd\u7559\u539f\u6765\u76841 ETH\u548c1,000 USDC\u5219\u4ef7\u503c5,000\u7f8e\u5143\u3002\u6c60\u5934\u5bf8\u6bd4\u5b58\u5165\u65f6\u589e\u52a02,000\u7f8e\u5143\uff0c\u5374\u6bd4\u6301\u5e01\u5c111,000\u7f8e\u5143\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>\u52a0\u5165\u5b9e\u9645\u6536\u652f<\/h3>\n<p>\u5dee\u989d\u4e3a1,000 \u00f7 5,000 = 20%\uff0c\u800c\u4e0d\u662f\u6309\u6c60\u4ef7\u503c\u8ba1\u7b97\u768425%\u3002\u82e5\u5355\u72ec\u7edf\u8ba1\u7684\u624b\u7eed\u8d39\u4e3a180\u7f8e\u5143\uff0c\u6210\u672c\u4e3a30\u7f8e\u5143\uff0c\u6c60\u51c0\u503c\u4e3a4,150\u7f8e\u5143\uff0c\u4ecd\u5dee850\u7f8e\u5143\u3002\u5728\u8fd9\u4e2a\u7b80\u5316\u6bd4\u8f83\u4e2d\uff0c\u9700\u89811,030\u7f8e\u5143\u7684\u624b\u7eed\u8d39\u6bdb\u6536\u5165\u624d\u80fd\u5728\u6263\u6210\u672c\u540e\u8ffd\u5e73\u6301\u5e01\u3002<\/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>\u6a21\u578b\u793a\u4f8b\uff1a\u4ef7\u683c\u6bd4\u51b3\u5b9a\u5dee\u989d<\/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>\u5728\u8fd9\u4e2a\u65e0\u624b\u7eed\u8d39\u3001\u5168\u8303\u56f4\u768450\/50\u6a21\u578b\u91cc\uff0cr\u4e3a\u6700\u7ec8\u76f8\u5bf9\u4ee3\u5e01\u4ef7\u683c\u9664\u4ee5\u521d\u59cb\u76f8\u5bf9\u4ef7\u683c\u3002LP\u4ef7\u503c\u4e0e\u6301\u5e01\u4ef7\u503c\u4e4b\u6bd4\u4e3a2\u221ar \u00f7 (1+r)\u3002r = 4\u65f6\uff0c\u6bd4\u503c\u4e3a0.8\uff0c\u5373\u843d\u540e20%\u3002\u50a8\u5907\u4e58\u79efx \u00d7 y = k\u662f\u5b9a\u4ef7\u4e0d\u53d8\u91cf\uff0c\u4e0d\u662f\u6c60\u7684\u7f8e\u5143\u4ef7\u503c\u3002\u82e5\u76f8\u5bf9\u4ef7\u683c\u5b8c\u5168\u56de\u5230\u8d77\u70b9\uff0c\u6a21\u578b\u4e2d\u7684\u504f\u79bb\u4f1a\u6d88\u5931\uff0c\u4f46\u6210\u672c\u3001\u5176\u4ed6\u635f\u5931\u4ee5\u53ca\u4ef7\u683c\u53ef\u80fd\u6c38\u4e0d\u56de\u5f52\u7684\u60c5\u51b5\u4ecd\u9700\u8003\u8651\u3002<\/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>\u7b80\u5355\u6a21\u578b\u7684\u9002\u7528\u8fb9\u754c<\/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>\u96c6\u4e2d\u6d41\u52a8\u6027\u5fc5\u987b\u8003\u8651\u533a\u95f4<\/h3>\n<p>\u72ed\u7a84\u4ef7\u683c\u533a\u95f4\u4f1a\u6539\u53d8\u98ce\u9669\u655e\u53e3\u3002\u4ef7\u683c\u8d8a\u754c\u540e\uff0c\u5934\u5bf8\u53ef\u80fd\u5168\u90e8\u53d8\u4e3a\u4e00\u79cd\u4ee3\u5e01\uff0c\u5e76\u5728\u4ef7\u683c\u56de\u5230\u533a\u95f4\u524d\u505c\u6b62\u83b7\u5f97\u4ea4\u6613\u624b\u7eed\u8d39\u3002\u4e0d\u8981\u76f4\u63a5\u5957\u7528\u5168\u8303\u56f4\u516c\u5f0f\uff1b\u5e94\u4f7f\u7528\u5b9e\u9645\u533a\u95f4\u8fb9\u754c\u548c\u53ef\u63d0\u53d6\u4f59\u989d\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>\u7a33\u5b9a\u5e01\u5e76\u975e\u6ca1\u6709\u98ce\u9669<\/h3>\n<p>\u4e24\u79cd\u8ffd\u8e2a\u540c\u4e00\u8d27\u5e01\u7684\u4ee3\u5e01\uff0c\u4e5f\u53ef\u80fd\u56e0\u4e00\u79cd\u8131\u951a\u800c\u5206\u5316\u3002\u4ea4\u6613\u8005\u53d6\u8d70\u8f83\u5f3a\u8d44\u4ea7\u65f6\uff0c\u6c60\u53ef\u80fd\u79ef\u7d2f\u4e0d\u65ad\u8d70\u5f31\u7684\u8d44\u4ea7\u3002\u5386\u53f2\u6ce2\u52a8\u5c0f\uff0c\u4e0d\u4ee3\u8868\u6ca1\u6709\u53d1\u884c\u65b9\u3001\u5408\u7ea6\u6216\u6d41\u52a8\u6027\u98ce\u9669\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>\u8bf1\u4eba\u7684APY\u4e0d\u662f\u6700\u7ec8\u7ed3\u679c<\/h3>\n<p>\u628a\u8fd1\u671f\u624b\u7eed\u8d39\u5e74\u5316\uff0c\u4e0d\u4fdd\u8bc1\u672a\u6765\u6536\u5165\u3002\u4ea4\u6613\u91cf\u3001\u7ade\u4e89\u3001\u533a\u95f4\u5185\u6d3b\u8dc3\u7a0b\u5ea6\u548c\u6fc0\u52b1\u4ef7\u683c\u90fd\u4f1a\u53d8\u5316\u3002\u65e0\u5e38\u635f\u5931\u4e5f\u4e0d\u5305\u542b\u9ed1\u5ba2\u653b\u51fb\u3001\u4ee3\u5e01\u5931\u8d25\u7b49\u53ef\u80fd\u4e3b\u5bfc\u6700\u7ec8\u7ed3\u679c\u7684\u98ce\u9669\u3002<\/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>\u7ec3\u4e60\uff1a\u4ef7\u683c\u4e0b\u8dcc\u65f6\u6bd4\u8f83\u7ec4\u5408<\/h2>\n<p>\u6cbf\u7528\u539f\u59cb\u5b58\u6b3e\uff0c\u4f46ETH\u8dcc\u81f3250\u7f8e\u5143\uff0cUSDC\u4ecd\u4e3a1\u7f8e\u5143\u3002\u6a21\u578b\u5934\u5bf8\u53d8\u4e3a2 ETH\u548c500 USDC\u3002\u6c60\u548c\u76f4\u63a5\u6301\u5e01\u5404\u503c\u591a\u5c11\uff1f\u624b\u7eed\u8d39\u524d\u7684\u843d\u540e\u6bd4\u4f8b\u662f\u591a\u5c11\uff1f<\/p>\n<details>\n<summary>\u67e5\u770b\u8ba1\u7b97<\/summary>\n<p>\u6c60\uff1a2 \u00d7 250 + 500 = 1,000\u7f8e\u5143\u3002\u6301\u5e01\uff1a1 \u00d7 250 + 1,000 = 1,250\u7f8e\u5143\u3002\u5dee\u989d250\u7f8e\u5143\u5360\u6301\u5e01\u4ef7\u503c\u768420%\u3002\u4e24\u8005\u76f8\u5bf9\u521d\u59cb2,000\u7f8e\u5143\u90fd\u4e8f\u635f\u300220%\u63cf\u8ff0\u4e24\u8005\u7684\u5dee\u8ddd\uff0c\u4e0d\u662f\u6c60\u7684\u603b\u4e8f\u635f\uff1b\u540e\u8005\u5728\u624b\u7eed\u8d39\u524d\u4e3a50%\u3002<\/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>\u5c06\u8ba1\u7b97\u4e0e\u7814\u7a76\u8fde\u63a5\u8d77\u6765<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/%e4%bb%80%e4%b9%88%e6%98%af%e5%b9%b4%e5%8c%96%e6%94%b6%e7%9b%8a%e7%8e%87%ef%bc%8c%e5%8d%b3%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e7%9a%84%e6%94%b6%e7%9b%8a%e7%8e%87%ef%bc%9f\/\">\u6b63\u786e\u6bd4\u8f83APR\u548cAPY<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/%e4%bb%80%e4%b9%88%e6%98%af%e5%8e%bb%e4%b8%ad%e5%bf%83%e5%8c%96%e7%9a%84%e4%ba%a4%e6%98%93%e6%89%80-%e5%be%b7%e5%85%8b%e6%96%af\/\">\u9010\u6b65\u4e86\u89e3DEX\u5151\u6362<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/%e7%b1%bb%e5%88%ab\/%e5%a6%82%e4%bd%95%e8%b4%ad%e4%b9%b0-2\/buy-defi\/\">\u63a2\u7d22DeFi\u8d2d\u4e70\u6307\u5357<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/%e5%8a%a0%e5%af%86%e5%b7%a5%e5%85%b7\/\">\u6253\u5f00\u52a0\u5bc6\u5de5\u5177\u5e93<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>\u8d44\u6599\u6765\u6e90\u4e0e\u5ef6\u4f38\u9605\u8bfb<\/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; max_width=&#8221;1120px&#8221; 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