{"id":3421,"date":"2025-06-23T09:05:06","date_gmt":"2025-06-23T01:05:06","guid":{"rendered":"https:\/\/theexchain.com\/explanation-of-impermanent-loss-risks-you-must-understand-before-participating-in-liquidity-mining\/"},"modified":"2025-06-23T09:05:06","modified_gmt":"2025-06-23T01:05:06","slug":"%d8%b4%d8%b1%d8%ad-%d9%84%d9%85%d8%ae%d8%a7%d8%b7%d8%b1-%d8%a7%d9%84%d8%ae%d8%b3%d8%a7%d8%b1%d8%a9-%d8%ba%d9%8a%d8%b1-%d8%a7%d9%84%d8%af%d8%a7%d8%a6%d9%85%d8%a9-%d8%a7%d9%84%d8%aa%d9%8a-%d9%8a%d8%ac","status":"publish","type":"post","link":"https:\/\/theexchain.com\/ar\/%d8%b4%d8%b1%d8%ad-%d9%84%d9%85%d8%ae%d8%a7%d8%b7%d8%b1-%d8%a7%d9%84%d8%ae%d8%b3%d8%a7%d8%b1%d8%a9-%d8%ba%d9%8a%d8%b1-%d8%a7%d9%84%d8%af%d8%a7%d8%a6%d9%85%d8%a9-%d8%a7%d9%84%d8%aa%d9%8a-%d9%8a%d8%ac\/","title":{"rendered":"\u0634\u0631\u062d \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629: \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u064a \u064a\u062c\u0628 \u0623\u0646 \u062a\u0641\u0647\u0645\u0647\u0627\n  \u0642\u0628\u0644 \u0627\u0644\u0645\u0634\u0627\u0631\u0643\u0629 \u0641\u064a \u062a\u0639\u062f\u064a\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629"},"content":{"rendered":"<h2 id=\"the-hidden-trap-of-liquidity-mining-impermanent-loss-explained--how-to-protect-your-assets\">\u0627\u0644\u0641\u062e \u0627\u0644\u062e\u0641\u064a \u0644\u062a\u0639\u062f\u064a\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629: \u0634\u0631\u062d \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0648\u0643\u064a\u0641\u064a\u0629 \u062d\u0645\u0627\u064a\u0629 \u0623\u0635\u0648\u0644\u0643<\/h2>\n<p>\u0623\u062f\u0649 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0647\u0627\u0626\u0644 \u0644\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a (DeFi) \u0625\u0644\u0649 \u0625\u062d\u062f\u0627\u062b \u062b\u0648\u0631\u0629 \u0641\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0645\u0639 \u0638\u0647\u0648\u0631 \u062a\u0639\u062f\u064a\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0643\u0639\u0627\u0645\u0644 \u062c\u0630\u0628 \u0631\u0626\u064a\u0633\u064a. \u0645\u0646 \u062e\u0644\u0627\u0644 \u0625\u064a\u062f\u0627\u0639 \u0627\u0644\u0623\u0635\u0648\u0644 \u0641\u064a \u0645\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 (DEX)\u060c \u064a\u0643\u0633\u0628 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u0648\u0646 \u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0648\u0645\u0643\u0627\u0641\u0622\u062a \u0627\u0644\u0631\u0645\u0648\u0632. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u062a\u0643\u0645\u0646 \u0648\u0631\u0627\u0621 \u062c\u0627\u0630\u0628\u064a\u0629 \u0627\u0644\u062f\u062e\u0644 \u0627\u0644\u0633\u0644\u0628\u064a \u0645\u062e\u0627\u0637\u0631 \u0645\u0646\u062a\u0634\u0631\u0629 \u0648\u063a\u0627\u0644\u0628\u064b\u0627 \u0645\u0627 \u064a\u064f\u0633\u0627\u0621 \u0641\u0647\u0645\u0647\u0627: <strong>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (IL)<\/strong>. \u0647\u0630\u0647 \u0644\u064a\u0633\u062a \u0631\u0633\u0648\u0645\u064b\u0627 \u0628\u0633\u064a\u0637\u0629\u061b \u0625\u0646\u0647\u0627 \u0642\u0648\u0629 \u0623\u0633\u0627\u0633\u064a\u0629 \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u062a\u0633\u0628\u0628 \u0641\u064a \u062a\u0622\u0643\u0644 \u0631\u0623\u0633 \u0645\u0627\u0644\u0643 \u0628\u0635\u0645\u062a\u060c \u0648\u0623\u062d\u064a\u0627\u0646\u064b\u0627 \u062a\u062a\u062c\u0627\u0648\u0632 \u0645\u0643\u0627\u0641\u0622\u062a\u0643 \u0627\u0644\u0645\u0643\u062a\u0633\u0628\u0629. \u0625\u0646 \u0641\u0647\u0645 IL \u0644\u064a\u0633 \u0623\u0645\u0631\u064b\u0627 \u0627\u062e\u062a\u064a\u0627\u0631\u064a\u064b\u0627 - \u0625\u0646\u0647\u0627 \u0645\u0639\u0631\u0641\u0629 \u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u0644\u0628\u0642\u0627\u0621 \u0639\u0644\u0649 \u0642\u064a\u062f \u0627\u0644\u062d\u064a\u0627\u0629 \u0644\u0623\u064a \u0645\u0634\u0627\u0631\u0643 \u0641\u064a DeFi.<\/p>\n<p><strong>\u0645\u0627 \u0647\u0648 \u0628\u0627\u0644\u0636\u0628\u0637 <em>\u0647\u0644<\/em> \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f \u0627\u0644\u0622\u0644\u064a\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629<\/strong><\/p>\n<p>\u062a\u0634\u064a\u0631 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0625\u0644\u0649 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u0645\u062d\u062a\u0645\u0644\u0629 \u0641\u064a \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u062a\u064a \u064a\u062a\u0643\u0628\u062f\u0647\u0627 \u0645\u0632\u0648\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 (LPs) \u0639\u0646\u062f \u0633\u062d\u0628 \u0627\u0644\u0623\u0635\u0648\u0644 \u0645\u0646 \u0645\u062c\u0645\u0639 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0628\u0633\u0628\u0628 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631\u060c \u0645\u0642\u0627\u0631\u0646\u0629\u064b \u0628\u0645\u062c\u0631\u062f \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u062a\u0644\u0643 \u0627\u0644\u0623\u0635\u0648\u0644. \u0648\u0627\u0644\u0623\u0647\u0645 \u0645\u0646 \u0630\u0644\u0643 \u0623\u0646\u0647\u0627 \u062a\u0633\u0645\u0649 \"\u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629\" \u0644\u0623\u0646 <em>\u0625\u0630\u0627<\/em> \u062a\u0639\u0648\u062f \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0635\u0648\u0644 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647\u0627 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0628\u0627\u0644\u0636\u0628\u0637 \u0639\u0646\u062f \u0627\u0644\u0625\u064a\u062f\u0627\u0639\u060c \u0641\u062a\u062e\u062a\u0641\u064a \u0627\u0644\u062e\u0633\u0627\u0631\u0629. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0627\u0644\u0645\u062a\u0642\u0644\u0628\u0629\u060c \u0646\u0627\u062f\u0631\u064b\u0627 \u0645\u0627 \u062a\u0639\u0648\u062f \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647\u0627 \u0627\u0644\u0623\u0635\u0644\u064a\u0629 \u062a\u0645\u0627\u0645\u064b\u0627\u060c \u0645\u0645\u0627 \u064a\u062c\u0639\u0644 \u0647\u0630\u0647 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u062f\u0627\u0626\u0645\u0629 \u0641\u0639\u0644\u064a\u064b\u0627 \u0644\u0645\u0639\u0638\u0645 \u0645\u0642\u062f\u0645\u064a \u0627\u0644\u062e\u062f\u0645\u0629.<\/p>\n<p>\u064a\u0643\u0645\u0646 \u0627\u0644\u0633\u0628\u0628 \u0627\u0644\u062c\u0630\u0631\u064a \u0641\u064a \u0627\u0644\u0622\u0644\u064a\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u0635\u0627\u0646\u0639\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0622\u0644\u064a\u064a\u0646 (AMMs) \u0645\u062b\u0644 Uniswap \u0648SushiSwap \u0648PancakeSwap. \u062a\u0633\u062a\u062e\u062f\u0645 \u0635\u0627\u0646\u0639\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0622\u0644\u064a\u0629 \u0647\u0630\u0647 \u0645\u0639\u0627\u062f\u0644\u0627\u062a \u0631\u064a\u0627\u0636\u064a\u0629 (\u0645\u062b\u0644 \u0635\u064a\u063a\u0629 \u0627\u0644\u0645\u0646\u062a\u062c \u0627\u0644\u062b\u0627\u0628\u062a <code>\u0633 * \u0635 = \u0643<\/code>) \u0644\u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u062a\u0644\u0642\u0627\u0626\u064a\u064b\u0627\u060c \u0644\u062a\u062d\u0644 \u0645\u062d\u0644 \u062f\u0641\u0627\u062a\u0631 \u0627\u0644\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629.<\/p>\n<p><strong>\u0643\u064a\u0641 \u062a\u062d\u062f\u062b \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u061f \u0645\u062b\u0627\u0644 \u062e\u0637\u0648\u0629 \u0628\u062e\u0637\u0648\u0629<\/strong><\/p>\n<p>\u062a\u062e\u064a\u0644 \u0623\u0646\u0643 \u062a\u0648\u062f\u0639 \u0641\u064a \u0645\u062c\u0645\u0639 \u0633\u064a\u0648\u0644\u0629 ETH\/USDT:<\/p>\n<ol>\n<li><strong>\u0627\u0644\u0625\u064a\u062f\u0627\u0639 \u0627\u0644\u0623\u0648\u0644\u064a:<\/strong> \u0633\u0639\u0631 \u0627\u0644\u0625\u064a\u062b\u0631\u064a\u0648\u0645 ETH \u0647\u0648 $2,500. \u0623\u0646\u062a \u062a\u0648\u062f\u0639 \u0645\u0627 \u0642\u064a\u0645\u062a\u0647 $5,000 \u0645\u0646 ETH (2 ETH) \u0648$5,000 \u0645\u0646 USDT (5,000 USDT). \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u0629: $10,000T. \u064a\u062d\u062a\u0641\u0638 \u0627\u0644\u0645\u062c\u0645\u0639 \u0628\u0645\u0646\u062a\u062c \u062b\u0627\u0628\u062a (<code>\u0627\u0644\u0643\u0645\u064a\u0629 ETH * \u0627\u0644\u0643\u0645\u064a\u0629 USDT = K<\/code>).<\/li>\n<li><strong>\u0627\u0631\u062a\u0641\u0627\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0625\u064a\u062b\u0631\u064a\u0648\u0645 ETH<\/strong> \u0633\u0639\u0631 ETH \u064a\u0631\u062a\u0641\u0639 \u0625\u0644\u0649 $3,500. \u064a\u0643\u062a\u0634\u0641 \u0627\u0644\u0645\u064f\u0631\u0627\u062c\u062d\u0648\u0646 \u0639\u0644\u0649 \u0627\u0644\u0641\u0648\u0631 \u0641\u0631\u0642 \u0627\u0644\u0633\u0639\u0631 \u0628\u064a\u0646 \u0645\u062c\u0645\u0639 DEX \u0648\u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u062e\u0631\u0649.<\/li>\n<li><strong>\u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0629 \u0648\u0625\u0639\u0627\u062f\u0629 \u0645\u0648\u0627\u0632\u0646\u0629 \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a:<\/strong> \u064a\u0634\u062a\u0631\u064a \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0648\u0646 ETH \"\u0627\u0644\u0631\u062e\u064a\u0635\" \u0645\u0646 \u0645\u062c\u0645\u0639 DEX (\u062d\u064a\u062b \u0644\u0627 \u062a\u0632\u0627\u0644 \u062e\u0648\u0627\u0631\u0632\u0645\u064a\u0629 AMM \u062a\u0639\u0643\u0633 \u0641\u064a \u0627\u0644\u0628\u062f\u0627\u064a\u0629 \u0646\u0633\u0628\u0629 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0642\u062f\u064a\u0645) \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 USDT. \u0648\u064a\u0628\u064a\u0639\u0648\u0646 \u0647\u0630\u0647 \u0627\u0644\u0625\u064a\u062b\u0631\u064a\u0648\u0645 \u0641\u064a \u0645\u0643\u0627\u0646 \u0622\u062e\u0631 \u0644\u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u0631\u0628\u062d. \u0647\u0630\u0627 \u0627\u0644\u0646\u0634\u0627\u0637:\n<ul>\n<li><strong>\u064a\u0642\u0644\u0644<\/strong> \u0643\u0645\u064a\u0629 ETH \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 (\u062d\u064a\u062b \u064a\u062a\u0645 \u0634\u0631\u0627\u0621 ETH).<\/li>\n<li><strong>\u0627\u0644\u0632\u064a\u0627\u062f\u0627\u062a<\/strong> \u0643\u0645\u064a\u0629 USDT \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 (\u062d\u064a\u062b \u064a\u062a\u0645 \u062f\u0641\u0639 USDT).<\/li>\n<li>\u064a\u0633\u062a\u0645\u0631 \u062d\u062a\u0649 \u062a\u0639\u0643\u0633 \u0646\u0633\u0628\u0629 ETH\/USDT \u0627\u0644\u062f\u0627\u062e\u0644\u064a\u0629 \u0644\u0644\u0645\u062c\u0645\u0651\u0639 \u0633\u0639\u0631 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062c\u062f\u064a\u062f $3,500 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a. \u0644\u0646\u0641\u062a\u0631\u0636 \u0623\u0646 \u0627\u0644\u0645\u062c\u0645\u0639 \u064a\u062d\u062a\u0641\u0638 \u0627\u0644\u0622\u0646 \u0628 1.4 ETH \u06487,000 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a (\u0645\u0639 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 <code>1.4 * 7,000 = 9,800<\/code>\u0642\u0631\u064a\u0628\u0629 \u0645\u0646 \u0627\u0644\u0623\u0635\u0644 <code>K<\/code> \u0645\u0639\u062f\u0644\u0629 \u062d\u0633\u0628 \u0627\u0644\u0631\u0633\u0648\u0645\u060c \u0645\u0628\u0633\u0637\u0629 \u0647\u0646\u0627).<\/li>\n<\/ul>\n<\/li>\n<li><strong>\u062d\u0635\u062a\u0643:<\/strong> \u0623\u0646\u062a \u062a\u0645\u062a\u0644\u0643 \u062d\u0635\u0629 10% \u0645\u0646 \u0627\u0644\u0645\u062c\u0645\u0639. \u0623\u0646\u062a \u062a\u0633\u062d\u0628 0.14 ETH \u0648700 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a.<\/li>\n<li><strong>\u0645\u0642\u0627\u0631\u0646\u0629 \u0627\u0644\u0642\u064a\u0645\u0629:<\/strong>\n<ul>\n<li><strong>\u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0645\u0633\u062d\u0648\u0628\u0629:<\/strong> (0.14 eth * $3,500) + 700 USDT = $490 + $700 = $1,190.<\/li>\n<li><strong>\u0642\u064a\u0645\u0629 HODL:<\/strong> \u0644\u0648 \u0643\u0646\u062a \u0628\u0628\u0633\u0627\u0637\u0629 \u0642\u062f \u0627\u062d\u062a\u0641\u0638\u062a \u0628\u0640 2 ETH \u06485,000 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a: (2 ETH * $3,500) + 5,000 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a = $7,000 + $5,000 = $12,000.<\/li>\n<\/ul>\n<\/li>\n<li><strong>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/strong> $1,190 (\u0645\u0633\u062d\u0648\u0628) \u0645\u0642\u0627\u0628\u0644 $12,000 (HODL) = <strong>$10,810 \u062e\u0633\u0627\u0631\u0629 $10,810<\/strong>. \u0647\u0630\u0647 \u0627\u0644\u0641\u062c\u0648\u0629 \u0647\u064a \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629. \u062d\u062a\u0649 \u0644\u0648 \u0643\u0646\u062a \u0642\u062f \u0631\u0628\u062d\u062a $500 \u0643\u0631\u0633\u0648\u0645 \u062e\u0644\u0627\u0644 \u0647\u0630\u0647 \u0627\u0644\u0641\u062a\u0631\u0629\u060c \u0641\u0625\u0646 \u0635\u0627\u0641\u064a \u0645\u0631\u0643\u0632\u0643 ($190T + $500 = $1690) \u0644\u0627 \u064a\u0632\u0627\u0644 \u0623\u0633\u0648\u0623 \u0628\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 ($12,000).<\/li>\n<\/ol>\n<p><strong>\u0644\u0645\u0627\u0630\u0627 \"\u063a\u064a\u0631 \u062f\u0627\u0626\u0645\"\u061f<\/strong> \u0625\u0630\u0627 \u0639\u0627\u062f \u0633\u0639\u0631 ETH \u0628\u0637\u0631\u064a\u0642\u0629 \u0633\u062d\u0631\u064a\u0629 <em>\u0628\u0627\u0644\u0636\u0628\u0637<\/em> \u0625\u0644\u0649 $2,500 <em>\u0639\u0646\u062f \u0627\u0644\u0633\u062d\u0628<\/em>\u060c \u0633\u064a\u0639\u064a\u062f \u0627\u0644\u0645\u062c\u0645\u0639 \u062a\u0648\u0627\u0632\u0646\u0647 \u0645\u0631\u0629 \u0623\u062e\u0631\u0649\u060c \u0648\u0633\u062a\u0633\u0627\u0648\u064a \u0623\u0635\u0648\u0644\u0643 \u0627\u0644\u0645\u0633\u062d\u0648\u0628\u0629 \u0642\u064a\u0645\u0629 HODL. \u062a\u062e\u062a\u0641\u064a \u0627\u0644\u062e\u0633\u0627\u0631\u0629. \u0644\u0643\u0646 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0648\u0646\u0627\u062f\u0631\u0627\u064b \u0645\u0627 \u062a\u062a\u0631\u0627\u062c\u0639 \u0628\u0634\u0643\u0644 \u0645\u062b\u0627\u0644\u064a\u060c \u0645\u0645\u0627 \u064a\u062c\u0639\u0644 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u062f\u0627\u0626\u0645\u0629 \u0628\u0634\u0643\u0644 \u0641\u0639\u0627\u0644 \u0641\u064a \u0627\u0644\u0645\u0645\u0627\u0631\u0633\u0629 \u0627\u0644\u0639\u0645\u0644\u064a\u0629.<\/p>\n<p><strong>\u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u0632\u064a\u062f \u0645\u0646 \u0645\u062e\u0627\u0637\u0631 \u062e\u0633\u0627\u0631\u062a\u0643 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/strong><\/p>\n<p>\u0647\u0646\u0627\u0643 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u062a\u064a \u062a\u062d\u062f\u062f \u0645\u062f\u0649 \u0634\u062f\u0629 \u062a\u0639\u0631\u0636\u0643 \u0644\u0640 IL:<\/p>\n<ol>\n<li>\n<p><strong>\u062a\u0642\u0644\u0628 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0635\u0648\u0644:<\/strong> \u0647\u0630\u0627 \u0647\u0648 <em>\u0627\u0628\u062a\u062f\u0627\u0626\u064a<\/em> \u0627\u0644\u0633\u0627\u0626\u0642. \u0641\u0643\u0644\u0645\u0627 \u0643\u0627\u0646\u062a \u062a\u0642\u0644\u0628\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0635\u0648\u0644 \u0641\u064a \u0645\u062c\u0645\u0648\u0639\u062a\u0643 \u0623\u0643\u0628\u0631 \u0648\u0623\u0643\u062b\u0631 \u062a\u0648\u0627\u062a\u0631\u064b\u0627\u060c \u0632\u0627\u062f\u062a \u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u062d\u062f\u0648\u062b \u062a\u0642\u0644\u0628\u0627\u062a \u0641\u064a \u0627\u0644\u0623\u0633\u0639\u0627\u0631. \u0627\u0644\u0623\u0645\u062b\u0644\u0629 \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a\u0629 \u0635\u0627\u0631\u062e\u0629:<\/p>\n<ul>\n<li>\u0623\u062f\u0649 \u0627\u0646\u0647\u064a\u0627\u0631 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0641\u064a \u0645\u0627\u064a\u0648 2021 (\u0645\u0646 $58k \u0625\u0644\u0649 $58k \u062a\u0642\u0631\u064a\u0628\u064b\u0627\u060c \u0623\u064a \u062d\u0648\u0627\u0644\u064a 50%) \u0625\u0644\u0649 \u0627\u0646\u062e\u0641\u0627\u0636 \u0647\u0627\u0626\u0644 \u0641\u064a \u062a\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646.<\/li>\n<li>\u0623\u062f\u0649 \u062a\u0642\u0644\u0628 \u0627\u0644\u0625\u064a\u062b\u064a\u0631\u064a\u0648\u0645 \u062d\u0648\u0644 \u0627\u0646\u062f\u0645\u0627\u062c 2022 (\u0642\u0628\u0644 $1,600\u060c$1,600\u060c \u062b\u0645 \u0627\u0631\u062a\u0641\u0627\u0639\u0647 \u0625\u0644\u0649 \u0645\u0627 \u064a\u0632\u064a\u062f \u0639\u0646 $2,000\u060c \u062b\u0645 \u0627\u0646\u062e\u0641\u0627\u0636\u0647 \u0625\u0644\u0649 $1,300) \u0625\u0644\u0649 \u062e\u0644\u0642 \u0641\u0631\u0635 \u0639\u0645\u0644 \u0643\u0628\u064a\u0631\u0629 \u0644\u0645\u062c\u0645\u0651\u0639 ETH LPs.<\/li>\n<li>\u062e\u0644\u0627\u0644 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0647\u0627\u0628\u0637\u0629 2017-2018 (BTC $20k -&gt; $3k)\u060c \u0628\u0644\u063a\u062a \u0645\u0639\u062f\u0644\u0627\u062a IL \u0641\u064a \u0645\u062c\u0645\u0639\u0627\u062a BTC 301T3T-501T3T.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>\u062e\u0635\u0627\u0626\u0635 \u0645\u062c\u0645\u0639 \u0627\u0644\u0633\u064a\u0648\u0644\u0629:<\/strong><\/p>\n<ul>\n<li><strong>\u0627\u0631\u062a\u0628\u0627\u0637 \u0627\u0644\u0623\u0635\u0648\u0644:<\/strong> \u062a\u0648\u0627\u062c\u0647 \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a \u0630\u0627\u062a \u0627\u0644\u0623\u0635\u0648\u0644 \u0634\u062f\u064a\u062f\u0629 \u0627\u0644\u062a\u0631\u0627\u0628\u0637 (\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u0645\u062b\u0644 USDC\/DAI) \u062a\u0628\u0627\u064a\u0646\u064b\u0627 \u0637\u0641\u064a\u0641\u064b\u0627 \u0641\u064a \u0627\u0644\u0623\u0633\u0639\u0627\u0631\u060c \u0645\u0645\u0627 \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649 \u0645\u0646 IL (\u063a\u0627\u0644\u0628\u064b\u0627 \u0645\u0627 \u064a\u0643\u0648\u0646 \u0623\u0642\u0644 \u0645\u0646 1%). \u062a\u0648\u0627\u062c\u0647 \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a \u0630\u0627\u062a \u0627\u0644\u0623\u0635\u0648\u0644 \u063a\u064a\u0631 \u0627\u0644\u0645\u062a\u0631\u0627\u0628\u0637\u0629 (\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c ETH \u0645\u0642\u0627\u0628\u0644 \u0639\u0645\u0644\u0629 \u0628\u062f\u064a\u0644\u0629 \u0645\u062a\u062e\u0635\u0635\u0629) \u0645\u062e\u0627\u0637\u0631 IL \u0639\u0627\u0644\u064a\u0629 (\u0645\u0646 \u0627\u0644\u0645\u062d\u062a\u0645\u0644 \u0623\u0646 \u062a\u0643\u0648\u0646 30-50%+) \u0628\u0633\u0628\u0628 \u062a\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0642\u0644\u0629 \u0648\u0627\u0644\u062d\u0627\u062f\u0651\u0629 \u0641\u064a \u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0623\u062d\u064a\u0627\u0646.<\/li>\n<li><strong>\u0646\u0633\u0628\u0629 \u062d\u0645\u0627\u0645 \u0627\u0644\u0633\u0628\u0627\u062d\u0629:<\/strong> \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u062a\u064a \u0644\u0627 \u062a\u0633\u062a\u062e\u062f\u0645 \u0646\u0633\u0628\u0629 50:50 (\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0623\u0648\u0632\u0627\u0646 \u0627\u0644\u0645\u0648\u0627\u0632\u0646 \u0627\u0644\u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u062a\u062e\u0635\u064a\u0635) \u062a\u0648\u0627\u062c\u0647 \u0627\u0644\u062a\u062f\u0627\u062e\u0644 \u0627\u0644\u062f\u0627\u062e\u0644\u064a \u0628\u0634\u0643\u0644 \u0645\u062e\u062a\u0644\u0641. \u0633\u064a\u0634\u0647\u062f \u062a\u062c\u0645\u0639 80:20 \u062a\u0623\u062b\u064a\u0631 IL \u0639\u0644\u0649 \u0627\u0644\u0623\u0635\u0644 \u0627\u0644\u0645\u0647\u064a\u0645\u0646 \u0628\u0634\u0643\u0644 \u0623\u0643\u0628\u0631 \u062e\u0644\u0627\u0644 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631.<\/li>\n<li><strong>\u0639\u0645\u0642 \u062d\u0648\u0636 \u0627\u0644\u0633\u0628\u0627\u062d\u0629:<\/strong> \u062a\u0633\u062a\u0648\u0639\u0628 \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u0623\u0639\u0645\u0642 (\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0645\u062c\u0645\u0639\u0627\u062a Curve's stablecoin) \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u0627\u062a \u0628\u0634\u0643\u0644 \u0623\u0641\u0636\u0644\u060c \u0645\u0645\u0627 \u064a\u0642\u0644\u0644 \u0645\u0646 \u062a\u0623\u062b\u064a\u0631 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u062f\u0627\u062e\u0644 \u0627\u0644\u0645\u062c\u0645\u0639\u060c \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u064a\u0642\u0644\u0644 \u0645\u0646 \u062d\u062f\u0629 IL \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u0636\u062d\u0644\u0629.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>\u0627\u0644\u0648\u0642\u062a \u0641\u064a \u0627\u0644\u0645\u0633\u0628\u062d<\/strong> \u062a\u062a\u0631\u0627\u0643\u0645 \u0645\u062e\u0627\u0637\u0631 IL \u0645\u0639 \u0645\u0631\u0648\u0631 \u0627\u0644\u0648\u0642\u062a. \u0643\u0644\u0645\u0627 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\u0627\u0644\u0623\u0643\u062b\u0631 \u0627\u0646\u062a\u0634\u0627\u0631\u064b\u0627 \u0627\u0644\u062a\u064a \u064a\u062c\u0628 \u0639\u0644\u064a\u0643 \u0625\u062a\u0642\u0627\u0646\u0647\u0627.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Hidden Trap of Liquidity Mining: Impermanent Loss Explained &amp; How to Protect Your Assets The explosive growth of Decentralized Finance (DeFi) has revolutionized investing, with liquidity mining emerging as a major attraction. By depositing assets into decentralized exchange (DEX) liquidity pools, users earn trading fees and token rewards. Yet, beneath the allure of passive [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-3421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/posts\/3421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/comments?post=3421"}],"version-history":[{"count":0,"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/posts\/3421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/media\/3420"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/media?parent=3421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/categories?post=3421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/ar\/wp-json\/wp\/v2\/tags?post=3421"}],"curies":[{"name":"\u062f\u0628\u0644\u064a\u0648 \u0628\u064a","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}