???? ??????? (DeFi)

?? ?? ???? ????????

?????? ??????? (DeFi Liquidity Pool) ?? ??? ??? ????? ??? ??????? ?? ????? ?? ???? ?? ??????? ??????? ??????? ?? ????? ???????? (DEX). ???? ?????? ??????? ?????????? ??? ??? ??? ???? ?? ??????? ??????? ??????? ???? ?? ???? ?????.

???? ?? ????? ??????? ?????? ???????? ??? ???? ??????? ???????? ??? ??????? ???? ??????? ????? ????? ????? ???? ??? ???? ??????? ????????? (DeFi)? ???? ????? ??????? ???????? ?????? ????? ??????? ?? ?????? ?? ???? ?????? ?????? ??? ?????. (????? ???? ?????? ??????? ????? ??????? ??????? ?? ????? ??????? ??????).

?? ???? ????? ?????? ???????

??????? ?????? ??????? ????? ??????? ??????? ???????? ?? ????? ???????? ?? ????? ??????? ??????? ??? ?????? ??? ???? ????? ????? ?? ???? ??? ??????. ????? ?? ???? ?????? ????? ????? ???? ????? ?? ?????? ?? ???? ????? ???????.

???? ????????? ?????? ????? ????? ????? (AMM) ?? ????? ?????? ??? ?? ???? ????? ?????? ??????? ?? ????? ?????? ??? ????? ??????. ???? ???? ?? ???? ??? ?? ???? ?? ?????? ???????? ?????? ?? ???????? ?????? ?? ??????.

???? ?????????? ????? ?????? ?????? ??? ?????? ??? ??? ?? ???? ??????? ?? ??????? ?? ??? ??????? ??????????? ??????. ?????? ???? ?????? ??????? ?? ????? ??????? ???? ????? ????????.

How Liquidity Pools Work

???? ????? ???????

?????? ??????? ????? ??????? (LPTs) ?? ???? ????? ??????? ???????? ????? ???? ?????? ???? ????? ????? ?? ???? ?????. ???? ?????? ???? ???? ??????? (LPTs) ??????? ???? ??? ???????? ?? ??????.

???? ????? LPT ???????? ?????? ??? ??? ?? ???? ????????? ??????? ?? ???? ?????? ??? ?????? ?????? ???? ?????? ???? DeFi.

???? ?????????? ??? ??????? ?? ?????? ?? ?? ??? ???????? LPTs ?????? ??? ????? ?????? ??????? ???? ????? ???????? (??? ???? ?? ???? ?? ?????? ??????).

????????? ??? ??????? ?? ????? ??? ???? LPTs ????? ???? ??????? (PTs) ?? ?????? LPs.

???? ????? ?? ???? ???? ???? ????????

????? ?????? ?? ?????????? ?????? ????? ?????? ??????? ?????? ??? ?????? ??? ????. ?????? ?????? ?????????? ???? ??????? ????? ?????? ???? ?????????? ???? ????? ??? ???? ??? ????? ???????. ????? ????? ???? ?????? ??? ??? ???????? ?? ??????.

??? ?????? ?????????? ?????? ???????

How Investors Use Liquidity Pools

???? ?????? ?? ????? DeFi ?????? ?????? ?????? ???????. ???? ?????????? ????? ????? ???? ????? ??????? ??????? ?????? ??????? ???????? ?? ?? ???:

  • ????? ???????
  • ????????
  • ????? ???????
  • ????? ??????
  • ?????? ??? ???????

????? ?????? ???????

?? ??????? ??????? ?? DeFi? ??????? ???????? ?????????? ????? ??????? ???????? ????????? ??????? ???????? ?? ????????. ??? ??? ????? ???????? ???? ?????:

  • ????? ????? ??????? ??? ??????? ????? ??????? ???????? ?? ????????? ????? ??????? ?????.
  • ??? ?? ???? ????? ???????? ???? ?? ????? ??? ???? ?????????? ???????? ?? ?????.
  • ???? ????? ??????? ????????? ???? ??????? ???????. ???? ?????????? ??? ????????? ?????? ???? ?????? ??????? ??? ?????????? ??? ????????? ??????.

?? ??? 2017? ???? ????? Bancor Network ??? ????? ??????? ??? ???????? ?? ???? ????? ??????? ????? ????? ?????? ?? ?????? ??? ??????? ????????. ??? ??????? ?????? ?? ??????? ?? ????? ?????? ?? DeFi.

????? ?????? ???????

???? ?????? ??????? ???? ?? ?????????? ???????? ???????? ?? ????? ?????? ?????? ???????? ???????? ??? ???????? ??????????? ????????.

??? ?? ???? ??????? ???????? (TradFi) ??? ??????? ??????? ??? ????? ??????. ??? ?????? ?? ???? ???? ?????? DeFi ????? ???? ???????? ????? ??????? ???????? ?? ???? ??????.

??? ??? ???? ???? ?? ????? DeFi ?? ????? ??? ?????? ????? ??????? ?????? ?? ????? ??????. ??? ??? ????? ?????? ?????? ???? ?? ????? ???????? ?????? ??????? ??? ???? ??? ?? ???????? ?????? ?????? ??? ?????? ?? ??????. ???? ?? ???? ????????? ??????.

??????? ??????? ???????? ??????? ?? ???????? ??????? ?????? ?????? ?????? ????? ?? ?? ?????? ????? ?????? ??? ????? ??????? ????? ??????? ?? ????? ?? ??????.

Liquidity Pool Use Cases

?????? ?????? ??????? TVL

????? ?? ??? ??????? ?? ????? DeFi ?? ??? ?????? ?????? ??????? (TVL). ???? TVL ?????? ????????? ?????? ??????? ?? ???? DeFi ?????. ????? ?? ????? ??? ????? ?????? ??????? ??????? ?? ?????? ?????? ??? ???? ???? ???? ?????? ????????.

??? TVL ??????? ????? ??????????? DeFi ???? ???? ?????????? ?????? ??? ??????? ????????? ??????.

????? ??????? ??? TVL ?????? ?????? ???????? ??? ???? ?? ??? ???? ????? TVL ???.

Total Value Locked TVL

???????

??? ????? ?? ?? ??????? ?????? ??????? ???? ?????????? ??? ???? ??? ??????? ??????? ???? ???? ???? ?????? ??? ?? ????????? ????? ??? ???? ????? ????? ??? ?????.

  • ????? ????? ?????? ??? ???? ???????? ??? ?????? ???? ?????? ??? ???. ??? ???? ??? ?????? ??????? ??????? ?? ?????? ??? ??? ??? ????? ?? ???? ???????? ??? ????? ?? ???? ???? ??????? ???????? ?? ??????.
  • ??? ??? ????? ?????? ?????? ??????? ?????? ??????? ???? ???? ??????? ????? ?????? ??? ?? ?????? ?????? ?????? ?????? ??????? ?? ???? ????? ???? ?????? ?? ???? ?????? ?? ????? ?? ???????? ???????? ??????.
  • ??? ????? ???? ???????? ?? ???? ??????? ??? ??????? ???? ?????? ????? ?? ???????? ??? ????? ???? ??????? (LP) ????? ????? ???? ????? ?????? ?????????.

?? ??????? ?? ???? ?????????? ??? ????? ???????? ?????? ???????? ???????? ?????? ???????????. ????? ??? ????? ??????? ??????? ??? ????????? ?? ?????? ??????? ???????.

???? ?????????

??? ????????? ?? ??????? ??? ??? ????? ??????? ??? ????????? ?? ??????? ????? ??? ???? ?? ?????? ??????? ??????? ????.

????? ???? ????????? ????? ?? ???? ????? ??????? ?? ?????? ????? ????? ?????? ??? ??? ????? ????? ??????? ????? ?? ???

  • ????? ?? ???????? ???? ????? ???? ????? ????? ????? ????? ?? ???????;
  • ?????? ??? ??? ??? ???? ?????? ??????? ??????? ?? ??? ????? ?????? ??? ????? ????? ???????? ????;
  • ?????? ?? ?????? ?????? ???? ??????;
  • ????? ??????? ??????? ?????? ?????? ?????? ??????????;
  • ????? ?? ??????? ?? ???????? ?????;
  • ?????? ?? ?? ???? ??????? ???? ???? ????? ???? ??????? ??? ??????;
  • ????? ?? ???? ??? ?? ?????? ?? ??? ??????? ????? ????? ??????.

?????? ??????? ???????

??????? ?????? ?????? ?? ??????? ?????????? ?????? ?????? ??????? ?????? ?????? ??????? ?????? ???? ????? ???. ??? ???? ?????? ??????? ?? DeFi ?????? ??? ???? ???? ??????? ??????? ?????? ?????? ????? ?????? ????? ?? ???????? ??? ??????? ???????? ??????????.

???? ??????? ??????? ???? ???? ???????? ??? ?????? ??????? ?? ???:

Uniswap: ?? ????? ???????? ???? ??? ??????? ??????????? ??? ???? ?????????? ?????? ?? ???? ERC-20. ??? Uniswap ?????? ?? ?????? ???????. ???? ??? ???????? ?????? ????? ??????? ETH/USDT ?ETH/DAI ?ETH/USDC.

Curve: ?? ????? ???????? ?????? ?? ??????? ???????? ????? ??????? ????? ???????? ?????? ????????. ??? Curve ?????? ?? ?????? ???????. ???? ??? ???????? ?????? ????? BTC/renBTC/WBTC/SBTC ? USDT/USDC/DAI.

Balancer: ?? ????? ?? ?????? ???? ?????????? ????? ?????? ????? ????? ?? ?? ??? ??? ?????? ???? ?????. ???? ?????? Balancer ??????? ETH/USDC/DAI/WBTC? ?WBTC/renBTC/sBTC? ?LINK/ETH.

SushiSwap: ?? ????? ???????? ???? ?????? ????? ??? ????? ????? ?????? ?????? ???????. ????? ??? ?????? SushiSwap ?????? ?????? ETH/USDC? ?ETH/USDT? ?ETH/WBTC.

??????? ????????

?? ?? ???? ????? DeFi?

?? ?????? ??????? ??????

?? ?? ???? ????? DeFi?

??? ???? ?????? ??????? ?? ??????? ???????????

???????

  1. What Is Liquidity Mining: How to Profit from a Decentralized Ecosystem?(Bybit)
  2. Bancor Liquidity Pools 101: Reserve Weights?(Bancor)
  3. UNISWAP PROTOCOL UNISWAP ECOSYSTEM?(Uniswap)
  4. Curve?(Curve)
  5. Balancer DeFi Liquidity Protocol?(Balancer)
  6. Sushi?(Sushi)

??????? ??? ???

Margaret Rouse
????? ??????

??????? ?? ????? ?????? ????? ????? ??? ????? ??????? ??????? ??? ??? ????????? ??????? ??????? ?????? ??????? ??? ??????. ??? ???? ??????? ????? ???????? ????? ????????? ?? ???? ????????? ????????? ?? ??? ??? ?? ?????? ????????? ??????? ???????? ??? ?? ?????? ?? ??????? ????? ????? ???? ????? ?? ?? ??? ????? ????? ?? ?? ?? ????? ????????? ?????? ????? ???????. ????? ??? Techopedia ?? ??? 2011. ?????? ???? ??????? ?? ????? ?????? ?? ?????? ????????? ?? ???? ????????? ????????? ???????? ??? ???? ?????? ????? ????? ????? ???????? ??????.

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