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[虚拟币资讯] stETH脱锚这事 以太坊大跌底在哪里?
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v神 推特换成中文名以太坊就是国产项目了?

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这是啥逻辑啊???都是人才

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luna崩盘的根本原因是ust的脱锚,而造成ust脱锚的直接原因就是杠杆。

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这次导致以太坊行情血崩的直接原因,就是steth。这个st,是staking的意思,就是质押中的以太坊。

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我们都知道以太坊今年要合并,之后开启以太坊2.0。

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那么在以太坊2.0之后,最重大的改变就是共识机制的变化:将由pow(机器挖矿)改变成pos(质押挖矿)。

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简单说一下 v神如果想让eth成功进入2.0时代,那么就必须得给资本足够的利润空间才行,不然资本不会进场,

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eth如果想要成功跨到2.0,那么必须得有所牺牲,v神只能不惜一切代价的压低筹码,而这个代价,当然就是持有eth的散户了。

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大家一定要看到,eth并不是无敌的,v神看似轻松,实则举步维艰,在以太坊周围环顾着超级多的竞争者,咱们这个圈子,真的是失之毫厘差之千里,稍微一个不谨慎,加密世界老二的位置就得被抢走。

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但是以太坊不会那么容易死掉 等散户割的差不多了 就该启动了 所以现在持有现货的朋友最好就是一动不动!

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晚上研究了下现在stETH脱锚这事一:姨太2.0升级,存入eth到信标链可以获得一定的年化收益奖励。有几个限制(需要32个eth或者32的倍数个eth;eth2.0升级完成前质押物不能取出)。这些门槛让很多用户没有实力参与质押。二:为了解决一的问题,LIDO平台创造了一套体系,让大用户小用户都可以不受上述几个限制,想存多少eth都行,同时给出1:1的stETH作为质押奖励,1:1对标存入信标链的以太坊。LIDO自己拿存入信标链的质押ETH的年化利息奖励的一部分作为自己的收入,剩下的给顾客。(相当于收利息部分20%服务费的中介)是不是这么一看,LIDO既安全也便捷?理论上1:1抵押物,那么stETH不可能脱锚ETH。两者价格应该完全一致,同涨同跌。问题出在提供别的金融衍生服务的平台。三:AAVE平台可以质押stETH,借出ETH。因为ETH2.0上线后,stETH是可以1:1真实兑换eth的,所以肯定也有部分金融衍生服务平台提供这种反向兑换(至于中间aave平台赚了什么没有仔细研究,但也是类似的,估计是年化收益的一部分之类)同样,顾客质押stETH进入aave平台肯定也有一定的年化收益。四:单独看二没啥问题,单独看三也没啥问题。但是二和三组合起来问题就大了。假设你有10个ETH,质押到LIDO换取10个stETH,同时获得10个ETH的4%左右的年化收益。然后你拿着10个stETH去质押到AAVE,换取10个ETH(没验证过是不是能拿同等数量以太),同样获得10个stETHx%的年化收益。再重复二和三的步骤。这样最终环环相扣以后,本来你只能拿10个ETH4%的LIDO平台年化收益,现在也许放大了10倍,可以拿100个ETH4%的LIDO平台年化收益+100个stETHx%的AAVE平台年化收益,如果放大了100倍呢?是不是左脚踩右脚起飞了?相当于你只有1w块现金,却要从银行拿100万存款对应的利息(让我想起了蚂蚁金服[黑线])危险在哪?不停的循环杠杆以后,真实的stETH和ETH的兑换关系已经不是1:1了。例如Curve上面的stETH流动性池子,里面stETH和ETH的数量比昨天已经是3:1了,还在逐渐增加。那stETH就存在潜在的脱锚风险。AAVE平台质押的stETH如果本身价格大幅下降,肯定会有一个清算价格。一旦清算发生,stETH会遭受进一步巨量抛售。还要进一步影响ETH,AAVE以及LIDO这些代币的价格。暂时研究出了这么多,如有不正请指正。

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等到有足够的利润机构进厂了 那么一切都简单了 等待以太2.0爆发吧

来源:金色财经

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:) :( :D :'( :@ :o
:P :$ ;P :L :Q :lol
:loveliness: :funk: :curse: :dizzy: :shutup: :sleepy:
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:hug: :victory: :time: :kiss: :handshake: :call:
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