{"id":3425,"date":"2025-06-23T09:08:41","date_gmt":"2025-06-23T01:08:41","guid":{"rendered":"https:\/\/theexchain.com\/is-defi-yield-high-how-to-evaluate-and-calculate-your-mining-or-staking-returns\/"},"modified":"2025-06-23T09:08:41","modified_gmt":"2025-06-23T01:08:41","slug":"%e6%8e%a1%e6%8e%98%e3%82%84%e6%9d%ad%e6%89%93%e3%81%a1%e3%81%ae%e3%83%aa%e3%82%bf%e3%83%bc%e3%83%b3%e3%82%92%e8%a9%95%e4%be%a1%e3%81%97%e3%80%81%e8%a8%88%e7%ae%97%e3%81%99%e3%82%8b%e6%96%b9%e6%b3%95","status":"publish","type":"post","link":"https:\/\/theexchain.com\/ja\/%e6%8e%a1%e6%8e%98%e3%82%84%e6%9d%ad%e6%89%93%e3%81%a1%e3%81%ae%e3%83%aa%e3%82%bf%e3%83%bc%e3%83%b3%e3%82%92%e8%a9%95%e4%be%a1%e3%81%97%e3%80%81%e8%a8%88%e7%ae%97%e3%81%99%e3%82%8b%e6%96%b9%e6%b3%95\/","title":{"rendered":"DeFi\u306e\u5229\u56de\u308a\u306f\u9ad8\u3044\u304b\uff1f\u30de\u30a4\u30cb\u30f3\u30b0\u306e\u8a55\u4fa1\u3068\u8a08\u7b97\u65b9\u6cd5\n  \u30ea\u30bf\u30fc\u30f3"},"content":{"rendered":"<h2 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Aave\u3084Compound\u306e\u3088\u3046\u306a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u306f\u3001\u30e6\u30fc\u30b6\u30fc\u304c\u6697\u53f7\u8cc7\u7523\u3092\u8cb8\u3057\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u501f\u308a\u624b\u306f\u30ed\u30fc\u30f3\u306e\u5229\u606f\u3092\u652f\u6255\u3044\u3001\u3053\u306e\u5229\u606f\u304b\u3089\u30d7\u30ed\u30c8\u30b3\u30eb\u624b\u6570\u6599\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u304c\u8cb8\u3057\u624b\u306b\u5206\u914d\u3055\u308c\u308b\u3002\u91d1\u5229\u306f\u5404\u8cc7\u7523\u306e\u9700\u8981\u3068\u4f9b\u7d66\u306b\u57fa\u3065\u3044\u3066\u5909\u52d5\u3059\u308b\u3002<\/li>\n<\/ol>\n<p><strong>\u6c37\u5c71\u306e\u4e00\u89d2\uff1a\u6d41\u52d5\u6027\u4f9b\u7d66\u306b\u304a\u3051\u308b\u96a0\u308c\u305f\u30b3\u30b9\u30c8<\/strong><\/p>\n<p>\u6d41\u52d5\u6027\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306b\u3068\u3063\u3066\u3001\u6700\u5927\u306e\u8105\u5a01\u306f\u5e02\u5834\u306e\u66b4\u843d\u3067\u306f\u306a\u3044\u3053\u3068\u304c\u591a\u3044\u3002 <strong>\u6c38\u4e45\u640d\u5931\uff08IL\uff09<\/strong>.\u3053\u308c\u306f\u8907\u96d1\u3060\u304c\u3001\u907f\u3051\u3089\u308c\u306a\u3044\u6982\u5ff5\u3067\u3042\u308b\uff1a<\/p>\n<ul>\n<li><strong>\u305d\u308c\u304c\u4f55\u304b\uff1a<\/strong> IL\u306f\u3001\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u5185\u306e2\u3064\u306e\u30c8\u30fc\u30af\u30f3\u306e\u4fa1\u683c\u6bd4\u7387\u304c\u5909\u5316\u3057\u305f\u3068\u304d\u306b\u767a\u751f\u3057\u307e\u3059\u3002 <em>\u305d\u306e\u5f8c<\/em> \u3092\u9810\u3051\u308b\u3002\u30d7\u30fc\u30eb\u306e\u5916\u30672\u3064\u306e\u30c8\u30fc\u30af\u30f3\u3092\u4fdd\u6709\u3059\u308b\u3088\u308a\u3082\u640d\u5931\u304c\u751f\u3058\u308b\u3002\u3053\u306e\u640d\u5931\u306f\u3001\u4fa1\u683c\u304c\u5143\u306e\u6bd4\u7387\u306b\u623b\u3063\u305f\u5834\u5408\u306e\u307f\u300c\u7121\u5e38\u300d\u3067\u3042\u308b\u3002<\/li>\n<li><strong>\u306a\u305c\u305d\u3046\u306a\u308b\u306e\u304b\uff1a<\/strong> \u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u306f\u30d7\u30fc\u30eb\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u81ea\u52d5\u7684\u306b\u8abf\u6574\u3057\u307e\u3059\u3002\u30c8\u30fc\u30af\u30f3A\u304c\u30c8\u30fc\u30af\u30f3B\u306b\u5bfe\u3057\u3066\u9ad8\u9a30\u3057\u305f\u5834\u5408\u3001\u30d7\u30fc\u30eb\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306f\u30c8\u30fc\u30af\u30f3A\u3092\u58f2\u5374\u3057\u3001\u30c8\u30fc\u30af\u30f3B\u3092\u8cfc\u5165\u3057\u3066\u30d7\u30fc\u30eb\u306e\u4fa1\u5024\u6bd4\u7387\u3092\u7dad\u6301\u3057\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u52dd\u3063\u305f\u30c8\u30fc\u30af\u30f3\uff08\u30c8\u30fc\u30af\u30f3A\uff09\u306f\u5c11\u306a\u304f\u306a\u308a\u3001\u8ca0\u3051\u305f\u30c8\u30fc\u30af\u30f3\u3084\u505c\u6ede\u3057\u305f\u30c8\u30fc\u30af\u30f3\uff08\u30c8\u30fc\u30af\u30f3B\uff09\u306f\u3001\u305d\u306e\u307e\u307e\u4fdd\u6709\u3057\u3066\u3044\u305f\u5834\u5408\u3088\u308a\u3082\u591a\u304f\u306a\u308b\u306e\u3067\u3059\u3002<\/li>\n<li><strong>\u58ca\u6ec5\u7684\u306a\u30a4\u30f3\u30d1\u30af\u30c8<\/strong> IL\u306e\u5834\u5408 <em>\u7c21\u5358\u306b<\/em> \u7279\u306b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u9ad8\u3044\u6642\u671f\u306b\u306f\u3001\u53d6\u5f15\u624b\u6570\u6599\u3084\u30c8\u30fc\u30af\u30f3\u5831\u916c\u304c\u5e33\u6d88\u3057\u306b\u306a\u308b\u304b\u3001\u305d\u308c\u4ee5\u4e0a\u306b\u306a\u308b\u3053\u3068\u3055\u3048\u3042\u308b\u3002APY\u304c\u9ad8\u304f\u3066\u3082IL\u304c\u9ad8\u3051\u308c\u3070\u610f\u5473\u304c\u3042\u308a\u307e\u305b\u3093\u3002\u30d7\u30fc\u30eb\u306b\u5165\u308b\u524d\u306b\u6f5c\u5728\u7684\u306aIL\u3092\u8a08\u7b97\u3059\u308b\u3053\u3068\u306f\u8b72\u308c\u307e\u305b\u3093\u3002<\/li>\n<\/ul>\n<p><strong>\u8a08\u7b97\u65b9\u6cd5 <em>\u30ea\u30a2\u30eb<\/em> \u623b\u308b\u30ce\u30a4\u30ba\u3092\u65ad\u3061\u5207\u308b<\/strong><\/p>\n<p>\u898b\u51fa\u3057\u306eAPY\u306f\u5fd8\u308c\u3066\u304f\u3060\u3055\u3044\u3002\u771f\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u8a08\u7b97\u3059\u308b\u306b\u306f\u3001\u3088\u308a\u5fae\u5999\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u5fc5\u8981\u3067\u3059\uff1a<\/p>\n<ol>\n<li><strong>\u3059\u3079\u3066\u306e\u5831\u916c\u69cb\u6210\u8981\u7d20\u3092\u7279\u5b9a\u3059\u308b\uff1a<\/strong>\n<ul>\n<li>\u624b\u6570\u6599\uff08\u8a72\u5f53\u3059\u308b\u5834\u5408\uff09\u304b\u3089\u306e\u30d9\u30fc\u30b9APR\u3002<\/li>\n<li>\u30c8\u30fc\u30af\u30f3\u7279\u5178\u306b\u3088\u308bAPR\/APY\uff08\u7c73\u30c9\u30eb\u5efa\u3066\u4fa1\u5024 <em>\u914d\u5e03\u6642<\/em>).<\/li>\n<li>\u30b9\u30c6\u30fc\u30af\u5831\u916c\uff08\u30cd\u30a4\u30c6\u30a3\u30d6\u30c8\u30fc\u30af\u30f3\u306eAPR\/APY\uff09\u3002<\/li>\n<li>\u8cb8\u51fa\u91d1\u5229\u3002<\/li>\n<\/ul>\n<\/li>\n<li><strong>\u3059\u3079\u3066\u3092\u5171\u901a\u5206\u6bcd\uff08USD\/USDT\/USDC\uff09\u306b\u5909\u63db\u3059\u308b\uff1a<\/strong> \u5831\u916c\u306f\u591a\u304f\u306e\u5834\u5408\u3001\u5909\u52d5\u3057\u3084\u3059\u3044\u30c8\u30fc\u30af\u30f3\u3067\u63d0\u4f9b\u3055\u308c\u308b\u305f\u3081\u3001\u5404\u5831\u916c\u306e\u7c73\u30c9\u30eb\u4fa1\u5024\u3092\u8ffd\u8de1\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002 <em>\u53d7\u3051\u53d6\u3063\u305f\u3089<\/em> \u5b9f\u8cea\u6240\u5f97\u3092\u7406\u89e3\u3059\u308b\u3002<\/li>\n<li><strong>\u6c38\u4e45\u7684\u306a\u640d\u5931\u3092\u8003\u616e\u3059\u308b\uff08LP\u306e\u5834\u5408\uff09\uff1a<\/strong> \u3053\u308c\u306f\u975e\u5e38\u306b\u91cd\u8981\u3067\u3042\u308b\u3002\u30c8\u30fc\u30af\u30f3\u30fb\u30da\u30a2\u306e\u4e88\u60f3\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306b\u57fa\u3065\u3044\u3066\u3001\u6f5c\u5728\u7684\u306aIL\u3092\u898b\u7a4d\u3082\u308b\u3002\u30aa\u30f3\u30e9\u30a4\u30f3\u8a08\u7b97\u6a5f\u3092\u4f7f\u7528\u3059\u308b\u3002 <strong>\u5b9f\u8cea\u5229\u56de\u308a = (\u624b\u6570\u6599 + \u30c8\u30fc\u30af\u30f3\u5831\u916c\u306e\u4fa1\u5024) - \u6c38\u4e45\u640d\u5931\u3002<\/strong><\/li>\n<li><strong>\u6599\u91d1\u306e\u52d8\u5b9a\uff1a<\/strong>\n<ul>\n<li><strong>\u30ac\u30b9\u6599\u91d1\uff1a<\/strong> \u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\uff08\u307e\u305f\u306f\u4ed6\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\uff09\u306e\u53d6\u5f15\uff08\u5165\u91d1\u3001\u51fa\u91d1\u3001\u5831\u916c\u8acb\u6c42\u3001\u8907\u5229\u8a08\u7b97\uff09\u306e\u30b3\u30b9\u30c8\u306f\u3001\u7279\u306b\u6df7\u96d1\u6642\u306b\u306f\u81a8\u5927\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u5c0f\u3055\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u30ac\u30b9\u30b3\u30b9\u30c8\u306b\u3088\u3063\u3066\u5b8c\u5168\u306b\u4fb5\u98df\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u30a2\u30af\u30b7\u30e7\u30f3\u3068\u983b\u5ea6\u3054\u3068\u306e\u5e73\u5747\u30ac\u30b9\u30b3\u30b9\u30c8\u3092\u8a08\u7b97\u3057\u307e\u3059\u3002<\/li>\n<li><strong>\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u6599\u91d1<\/strong> \u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u3088\u3063\u3066\u306f\u30ab\u30c3\u30c8\u3055\u308c\u308b\uff08\u4f8b\u3048\u3070\u3001Uniswap v3\u3067\u306f\u53d6\u5f15\u624b\u6570\u6599\u306e0.05%\u304c\u30d7\u30ed\u30c8\u30b3\u30eb\u306b\u652f\u6255\u308f\u308c\u308b\uff09\u3002<\/li>\n<\/ul>\n<\/li>\n<li><strong>\u5e0c\u8584\u5316\u3068\u30c8\u30fc\u30af\u30f3\u306e\u30a4\u30f3\u30d5\u30ec\uff1a<\/strong> \u5831\u916c\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u9ad8\u3044\u30c8\u30fc\u30af\u30f3\u3067\u652f\u6255\u308f\u308c\u308b\u5834\u5408\u3001\u30c8\u30fc\u30af\u30f31\u3064\u3042\u305f\u308a\u306e\u4fa1\u5024\u304c\u6025\u6fc0\u306b\u6025\u843d\u3057\u3001\u591a\u304f\u306e\u30c8\u30fc\u30af\u30f3\u3092\u53d7\u3051\u53d6\u3063\u305f\u3068\u3057\u3066\u3082\u5b9f\u8cea\u7684\u306a\u5229\u56de\u308a\u304c\u640d\u306a\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u30c8\u30fc\u30af\u30ce\u30df\u30af\u30b9\u3092\u7814\u7a76\u3057\u3088\u3046\u3002<\/li>\n<li><strong>\u30cd\u30c3\u30c8\u306eAPR\/APY\u3092\u8a08\u7b97\u3059\u308b\uff1a<\/strong> \u5168\u3066\u306eUSD\u306e\u53ce\u5165\u6e90\uff08\u624b\u6570\u6599\u3001\u5831\u916c\uff09\u3092\u5408\u8a08\u3057\u3001\u30ac\u30b9\u4ee3\u3068\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u624b\u6570\u6599\u306e\u6982\u7b97\u3092\u5dee\u3057\u5f15\u304d\u3001IL\u306e\u6982\u7b97\uff08LP\u306e\u5834\u5408\uff09\u3092\u5dee\u3057\u5f15\u304d\u3001\u521d\u671f\u8cc7\u672c\u306b\u5bfe\u3059\u308b\u30cd\u30c3\u30c8\u30ea\u30bf\u30fc\u30f3\u3092\u8a08\u7b97\u3059\u308b\u3002\u3053\u308c\u304c\u3042\u306a\u305f\u306e <strong>\u771f\u53ce\u91cf<\/strong>.<\/li>\n<\/ol>\n<p><strong>\u8a08\u7b97\u4f8b\uff08\u7c21\u6613\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\uff09\uff1a<\/strong><\/p>\n<ul>\n<li>\u521d\u671f\u6295\u8cc7$10,000 (50%\u30c8\u30fc\u30af\u30f3A\u300150%\u30c8\u30fc\u30af\u30f3B)<\/li>\n<li>\u5e74\u9593\u53d6\u5f15\u624b\u6570\u6599\u306e\u898b\u7a4d\u3082\u308a\uff08\u3042\u306a\u305f\u306e\u30b7\u30a7\u30a2\uff09\uff1a$500 (5% apr)<\/li>\n<li>\u5e74\u9593\u30c8\u30fc\u30af\u30f3\u5831\u916c\u306e\u898b\u7a4d\u3082\u308a\uff08\u914d\u5e03\u6642\u306e\u7c73\u30c9\u30eb\u4fa1\u5024\uff09\uff1a$2000 (20% Apr)<\/li>\n<li><strong>\u7dcf\u53ce\u91cf\u4e88\u60f3\uff1a$2500\uff0825% APR\uff09<\/strong><\/li>\n<li>\u5e74\u9593\u30ac\u30b9\u6599\u91d1\u306e\u898b\u7a4d\u3082\u308a\uff08\u8acb\u6c42\/\u30ea\u30d0\u30e9\u30f3\u30b9\uff09\uff1a$200<\/li>\n<li>\u63a8\u5b9a\u6c38\u4e45\u640d\u5931\uff08\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306b\u57fa\u3065\u304f\uff09\uff1a$800<\/li>\n<li><strong>\u30cd\u30c3\u30c8\u30ea\u30bf\u30fc\u30f3$2500-$200\uff08\u30ac\u30b9\uff09-$800\uff08IL\uff09\uff1d$1500<\/strong><\/li>\n<li><strong>\u7d14\u53ce\u91cf\uff1a$1500\u00f7$10000\uff1d15%<\/strong><\/li>\n<\/ul>\n<p>\u5e83\u544a\u306e\u300c25% APY\u300d\u306f\u30cd\u30c3\u30c8\u306715%\u3068\u306a\u3063\u305f\u3001 <em>\u3082\u3057<\/em> IL \u306e\u898b\u7a4d\u3082\u308a\u306f\u7dad\u6301\u3055\u308c\u308b\u3002\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u3051\u308c\u3070\u3001IL\u306f\u60aa\u5316\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<p><strong>\u7121\u8996\u3055\u308c\u304c\u3061\u306a\u8981\u56e0\uff1a\u4ed6\u306b\u4f55\u304c\u3042\u306a\u305f\u306e\u53ce\u7a6b\u3092\u596a\u3046\u306e\u304b\uff1f<\/strong><\/p>\n<ul>\n<li><strong>\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\uff1a<\/strong> \u5927\u304d\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u51fa\u5165\u308a\u306f\u3001\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\uff08\u4e88\u60f3\u3088\u308a\u3082\u60aa\u3044\u4fa1\u683c\u3092\u5f97\u308b\u3053\u3068\uff09\u3092\u5f15\u304d\u8d77\u3053\u3057\u3001\u8cc7\u672c\u52b9\u7387\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/li>\n<li><strong>\u30b9\u30de\u30fc\u30c8\u30fb\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u30ea\u30b9\u30af\uff1a<\/strong> \u73fe\u5b9f\u7684\u306a\u8105\u5a01\u3002\u30d0\u30b0\u3084\u60aa\u7528\u306f\u3001\u8cc7\u91d1\u306e\u5b8c\u5168\u306a\u640d\u5931\u306b\u3064\u306a\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u9ad8\u3044\u5229\u56de\u308a\u306f\u3001\u3088\u308a\u65b0\u3057\u304f\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u30d7\u30ed\u30c8\u30b3\u30eb\u3068\u76f8\u95a2\u3059\u308b\u3053\u3068\u304c\u591a\u3044\u3002<\/li>\n<li><strong>\u30aa\u30e9\u30af\u30eb\u30fb\u30ea\u30b9\u30af<\/strong> DeFi\u306f\u4fa1\u683c\u30d5\u30a3\u30fc\u30c9\u306b\u4f9d\u5b58\u3057\u3066\u3044\u308b\u3002\u64cd\u4f5c\u3055\u308c\u305f\u30aa\u30e9\u30af\u30eb\u3084\u6b20\u9665\u306e\u3042\u308b\u30aa\u30e9\u30af\u30eb\u306f\u3001\u6e05\u7b97\u3084\u8aa4\u3063\u305f\u4fa1\u683c\u8a2d\u5b9a\u3092\u5f15\u304d\u8d77\u3053\u3057\u3001\u640d\u5931\u3092\u5f15\u304d\u8d77\u3053\u3059\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/li>\n<li><strong>\u30c8\u30fc\u30af\u30f3\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3<\/strong> IL\u3092\u907f\u3051\u305f\u3068\u3057\u3066\u3082\u3001\u8ced\u3051\u91d1\uff0f\u5831\u916c\u30c8\u30fc\u30af\u30f3\u306e\u4fa1\u5024\u304c\u72ec\u81ea\u306b\u6025\u843d\u3059\u308b\u3053\u3068\u304c\u3042\u308b\u3002<\/li>\n<li><strong>\u898f\u5236\u30ea\u30b9\u30af\uff1a<\/strong> \u898f\u5236\u306e\u5909\u66f4\u306f\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u5b9f\u884c\u53ef\u80fd\u6027\u3084\u30c8\u30fc\u30af\u30f3\u306e\u4fa1\u5024\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/li>\n<li><strong>\u7a0e\u91d1\u3060\uff1a<\/strong> \u5831\u916c\u30c8\u30fc\u30af\u30f3\u306f\u901a\u5e38\u3001\u53d7\u3051\u53d6\u3063\u305f\u6642\u70b9\u3067\u8ab2\u7a0e\u6240\u5f97\u3068\u306a\u308b\u3002\u53d6\u5f15\u624b\u6570\u6599\u3082\u8ab2\u7a0e\u5bfe\u8c61\u3068\u306a\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u30c8\u30fc\u30af\u30f3\u3092\u58f2\u5374\u3059\u308b\u3068\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\/\u30ed\u30b9\u304c\u767a\u751f\u3057\u307e\u3059\u3002 <strong>\u3053\u308c\u306f\u7d14\u5229\u76ca\u306b\u5927\u304d\u304f\u5f71\u97ff\u3059\u308b\u3002<\/strong><\/li>\n<\/ul>\n<p><strong>\u305d\u306e\u7570\u5e38\u306a\u9ad8\u5229\u56de\u308a\u306f\u6301\u7d9a\u53ef\u80fd\u304b\uff1f\u30ea\u30a2\u30ea\u30c6\u30a3\u30fb\u30c1\u30a7\u30c3\u30af<\/strong><\/p>\n<p>3\u6841\u306eAPY\u306f\u3001\u307b\u3068\u3093\u3069\u306e\u5834\u5408\u3001\u305d\u306e\u539f\u52d5\u529b\u3068\u306a\u3063\u3066\u3044\u308b\uff1a<\/p>\n<ol>\n<li><strong>\u9ad8\u30a4\u30f3\u30d5\u30ec\u306e\u30c8\u30fc\u30af\u30f3\u5831\u916c\uff1a<\/strong> \u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u8cc7\u672c\u3092\u96c6\u3081\u308b\u305f\u3081\u306b\u30c8\u30fc\u30af\u30f3\u3092\u6025\u901f\u306b\u5370\u5237\u3057\u3066\u3044\u308b\u3002\u3053\u306e\u305f\u3081\u3001\u9700\u8981\u304c\u4f9b\u7d66\u3092\u5927\u5e45\u306b\u4e0a\u56de\u3089\u306a\u3044\u9650\u308a\u3001\u4fa1\u683c\u306e\u4e0b\u843d\u306f\u907f\u3051\u3089\u308c\u306a\u3044\u3002<\/li>\n<li><strong>\u30dd\u30f3\u30b8\u30fc\u306e\u3088\u3046\u306a\u529b\u5b66\uff1a<\/strong> \u4ee5\u524d\u306e\u53c2\u52a0\u8005\u3078\u306e\u5831\u916c\u3092\u652f\u6255\u3046\u305f\u3081\u306e\u65b0\u898f\u9810\u91d1\u3078\u306e\u4f9d\u5b58\u3002\u9577\u671f\u7684\u306b\u6301\u7d9a\u4e0d\u53ef\u80fd\u3002<\/li>\n<li><strong>\u30a8\u30af\u30b9\u30c8\u30ea\u30fc\u30e0\u30fb\u30ea\u30b9\u30af<\/strong> \u591a\u304f\u306e\u5834\u5408\u3001\u65b0\u3057\u3044\u3001\u672a\u76e3\u67fb\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u3084\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u304f\u3001\u5927\u898f\u6a21\u306aIL\u306b\u306a\u308a\u3084\u3059\u3044\u76f8\u95a2\u6027\u306e\u3042\u308b\u8cc7\u7523\u30da\u30a2\u3067\u898b\u3089\u308c\u308b\u3002<\/li>\n<li><strong>\u4e00\u6642\u7684\u306a\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\uff1a<\/strong> \u77ed\u671f\u9593\u3067\u7d42\u4e86\u3059\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u305f\u3001\u5831\u916c\u304c\u30a2\u30c3\u30d7\u3059\u308b\u300c\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u300d\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u3002<\/li>\n<\/ol>\n<p><strong>\u6301\u7d9a\u53ef\u80fd\u306a\u5229\u56de\u308a\u306f\u3001\u3059\u3079\u3066\u306e\u30b3\u30b9\u30c8\u3068\u30ea\u30b9\u30af\u3092\u8003\u616e\u3057\u305f\u5f8c\u3001\u78ba\u7acb\u3055\u308c\u305f\u30d7\u30ed\u30c8\u30b3\u30eb\u3068\u3088\u308a\u5b89\u5168\u306a\u8cc7\u7523\u30da\u30a2\u3067\u306f\u3001\u901a\u5e381\u6841\u304b10\uff05\u53f0\u524d\u534a\u306b\u306a\u308b\u3002<\/strong><\/p>\n<p><strong>DeFi\u306e\u6a5f\u4f1a\u3092\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5\uff1a\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u30fb\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/strong><\/p>\n<p>\u8cc7\u672c\u3092\u6295\u4e0b\u3059\u308b\u524d\u306b\u3001\u3053\u308c\u3089\u306e\u8cea\u554f\u3092\u5bb9\u8d66\u306a\u304f\u6295\u3052\u304b\u3051\u3088\u3046\uff1a<\/p>\n<ol>\n<li><strong>\u5229\u56de\u308a\u306e\u6e90\u6cc9\u306f\u4f55\u304b\uff1f<\/strong> (\u624b\u6570\u6599\u3001\u30c8\u30fc\u30af\u30f3\u5831\u916c\u3001\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u3001\u8cb8\u3057\u51fa\u3057\uff1f\uff09<\/li>\n<li><strong>\u30d6\u30ec\u30a4\u30af\u30c0\u30a6\u30f3\u3068\u306f\uff1f<\/strong> \u3069\u306e\u90e8\u5206\u304cAPR\uff08\u57fa\u672c\u624b\u6570\u6599\uff09\u3067\u3059\u304b\uff1f\u3069\u306e\u90e8\u5206\u304c\u30c8\u30fc\u30af\u30f3\u5831\u916c\u306eAPY\u3067\u3059\u304b\uff1f\u30c8\u30fc\u30af\u30f3\u306e\u5909\u52d5\u7387\u306f\uff1f<\/li>\n<li><strong>\u30ea\u30b9\u30af\u3068\u306f\u4f55\u304b\uff1f<\/strong>\n<ul>\n<li><strong>\u6c38\u4e45\u640d\u5931\uff08LP\u306e\u5834\u5408\uff09\uff1a<\/strong> \u8cc7\u7523\u306e\u5909\u52d5\u6027\u306f\uff1f\u8a08\u7b97\u6a5f\u3092\u4f7f\u3063\u3066\u30b7\u30ca\u30ea\u30aa\u3092\u30e2\u30c7\u30eb\u5316\u3059\u308b\u3002<\/li>\n<li><strong>\u30b9\u30de\u30fc\u30c8\u30fb\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u30ea\u30b9\u30af\uff1a<\/strong> \u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u76e3\u67fb\u3055\u308c\u3066\u3044\u308b\u304b\uff1f\u8ab0\u304c\uff1f\u3044\u3064\u304b\u3089\u904b\u7528\u3055\u308c\u3066\u3044\u308b\u306e\u304b\uff1f\u30b3\u30fc\u30c9\u306f\u30aa\u30fc\u30d7\u30f3\u30bd\u30fc\u30b9\u304b\uff1f\u30d0\u30b0\u5831\u5968\u91d1\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/li>\n<li><strong>\u30c8\u30fc\u30af\u30ce\u30df\u30af\u30b9<\/strong> \u30ea\u30ef\u30fc\u30c9\u30fb\u30c8\u30fc\u30af\u30f3\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\uff1f\u30c1\u30fc\u30e0\u3084\u6295\u8cc7\u5bb6\u306e\u6a29\u5229\u78ba\u5b9a\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u306f\uff1f\u30c8\u30fc\u30af\u30f3\u306e\u30ed\u30c3\u30af\u30a2\u30c3\u30d7\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/li>\n<li><strong>\u5e02\u5834\uff0f\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30ea\u30b9\u30af\uff1a<\/strong> LP\u306b\u3068\u3063\u3066\u306e\uff09\u8cc7\u7523\u306e\u76f8\u95a2\u6027\u306f\uff1f\u4e00\u822c\u7684\u306a\u5e02\u5834\u30ea\u30b9\u30af\u306f\uff1f<\/li>\n<li><strong>\u30ac\u30b9\u6599\u91d1\uff1a<\/strong> \u53d6\u5f15\u306b\u306f\u3069\u308c\u304f\u3089\u3044\u306e\u30b3\u30b9\u30c8\u304c\u304b\u304b\u308b\u306e\u304b\uff1f\u81ea\u5206\u306e\u8cc7\u672c\u898f\u6a21\u306b\u898b\u5408\u3046\u304b\uff1f<\/li>\n<\/ul>\n<\/li>\n<li><strong>\u30b3\u30b9\u30c8\u306f\uff1f<\/strong> \u30ac\u30b9\u4ee3\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u6599\u3001\u51fa\u91d1\u624b\u6570\u6599\uff1f<\/li>\n<li><strong>\u5229\u56de\u308a\u306f\u6301\u7d9a\u53ef\u80fd\u304b\uff1f<\/strong> \u5b9f\u969b\u306e\u6599\u91d1\u306b\u57fa\u3065\u304f\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u5358\u306a\u308b\u30c8\u30fc\u30af\u30f3\u5370\u5237\u306a\u306e\u304b\uff1f\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u4e88\u5b9a\u3067\u3059\u304b\uff1f<\/li>\n<li><strong>\u51fa\u53e3\u6226\u7565\uff1a<\/strong> \u5f15\u304d\u51fa\u3057\u306f\u7c21\u5358\u3067\u3059\u304b\uff1f\u30ed\u30c3\u30af\u30a2\u30c3\u30d7\u671f\u9593\u306f\u3042\u308a\u307e\u3059\u304b\uff1f\u9ad8\u3044\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3084IL\u306f\u3001\u79c1\u306e\u8cc7\u91d1\u3092\u9589\u3058\u8fbc\u3081\u308b\u3067\u3057\u3087\u3046\u304b\uff1f<\/li>\n<\/ol>\n<p><strong>\u7d50\u8ad6\u77e5\u8b58\u306f\u6700\u9ad8\u306e\u6b69\u7559\u307e\u308a\u6700\u9069\u5316\u88c5\u7f6e\u3067\u3042\u308b<\/strong><\/p>\n<p>\u9ad8\u3044DeFi\u5229\u56de\u308a\u306e\u9b45\u529b\u306f\u5426\u5b9a\u3067\u304d\u306a\u3044\u304c\u3001\u305d\u306e\u9053\u306b\u306f\u96a0\u308c\u305f\u30b3\u30b9\u30c8\u3084\u8907\u96d1\u306a\u30ea\u30b9\u30af\u304c\u3064\u304d\u307e\u3068\u3046\u3002\u5ba3\u4f1d\u3055\u308c\u3066\u3044\u308bAPY\u306f\u5358\u306a\u308b\u51fa\u767a\u70b9\u306b\u904e\u304e\u305a\u3001\u3057\u3070\u3057\u3070\u771f\u306e\u59ff\u3092\u8986\u3044\u96a0\u3059\u8703\u6c17\u697c\u3068\u306a\u308b\u3002\u5229\u56de\u308a\u306e\u6e90\u6cc9\uff08\u624b\u6570\u6599\u5bfe\u30a4\u30f3\u30d5\u30ec\u30fb\u30c8\u30fc\u30af\u30f3\uff09\u3092\u53b3\u5bc6\u306b\u7406\u89e3\u3057\u3001\u5229\u56de\u308a\u306e\u8a08\u7b97\u65b9\u6cd5\u3092\u30de\u30b9\u30bf\u30fc\u3059\u308b\u3053\u3068\u3067\u3001DeFi\u306e\u5229\u56de\u308a\u306f\u5411\u4e0a\u3059\u308b\u3002 <em>\u30cd\u30c3\u30c8<\/em> \u30ac\u30b9\u3001\u624b\u6570\u6599\u3001\u305d\u3057\u3066\u5e38\u306b\u5b58\u5728\u3059\u308b\u7121\u5e38\u306e\u640d\u5931\u306e\u6050\u6016\u3092\u53d6\u308a\u9664\u304d\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u30ea\u30b9\u30af\u3068\u30c8\u30fc\u30af\u30ce\u30df\u30af\u30b9\u306b\u95a2\u3059\u308b\u5fb9\u5e95\u7684\u306a\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3092\u884c\u3046\u3053\u3068\u3067\u3001\u5341\u5206\u306a\u60c5\u5831\u306b\u57fa\u3065\u3044\u305f\u610f\u601d\u6c7a\u5b9a\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3002<\/p>\n<p>DeFi\u306b\u304a\u3051\u308b\u6301\u7d9a\u53ef\u80fd\u306a\u5bcc\u306f\u3001\u30c0\u30c3\u30b7\u30e5\u30dc\u30fc\u30c9\u306e\u4e00\u756a\u9ad8\u3044\u6570\u5b57\u3092\u8ffd\u3044\u6c42\u3081\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u7bc9\u304b\u308c\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002\u3042\u3089\u3086\u308b\u300c\u9ad8\u5229\u56de\u308a\u300d\u30c1\u30e3\u30f3\u30b9\u306b\u61d0\u7591\u7684\u306b\u30a2\u30d7\u30ed\u30fc\u30c1\u3057\u3001\u305d\u308c\u3092\u5206\u6790\u3059\u308b\u30c4\u30fc\u30eb\u3067\u6b66\u88c5\u3059\u308b\u3002\u3053\u306e\u30b2\u30fc\u30e0\u3067\u6700\u3082\u4fa1\u5024\u306e\u3042\u308b\u8cc7\u7523\u306f\u6697\u53f7\u3067\u306f\u306a\u3044\u3002\u305d\u308c\u306f\u77e5\u8b58\u3067\u3042\u308b\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>Beyond the Hype: The Brutal Truth About Calculating Your Real DeFi Returns Double-digit yields! Life-changing passive income! The siren song of Decentralized Finance (DeFi) is powerful, promising returns that dwarf traditional finance. But before you jump headfirst into liquidity pools or stake your life savings, a critical question demands an answer: Is that eye-popping APY real, and how much will you actually pocket? Understanding how to evaluate and calculate your true DeFi mining or staking returns isn&#39;t just smart \u2013 it&#39;s essential for survival in this volatile landscape. Forget the marketing fluff; let&#39;s dissect the reality. Decoding the Jargon: APR vs. APY &#8211; It&#39;s Not Just Semantics The first hurdle [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-3425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/posts\/3425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/comments?post=3425"}],"version-history":[{"count":0,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/posts\/3425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/media\/3424"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/media?parent=3425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/categories?post=3425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/tags?post=3425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}