Coinbase Earn：质押和 USDC 奖励指南

Coinbase 提供两种赚取加密资产利息的方法：质押和 USDC 奖励。质押涉及在钱包中持有加密资产并以额外加密货币的形式赚取奖励，而 USDC 奖励则是通过持有与美元挂钩的稳定币 USDC 来获得。 Coinbase 支持 7 种币的质押，APY 利率范围为 3% 至 20%，而 USDC 奖励目前提供 5.1% 的利率。质押和 USDC 奖励之间的选择取决于风险承受能力、市场状况和投资目标等因素。

Coinbase Earn: A Comprehensive Guide to Staking and USDC Rewards

Coinbase Earn：质押和 USDC 奖励综合指南

Introduction

介绍

In the realm of crypto investing, there are two primary methods to generate earnings from digital assets: staking and holding interest-bearing stablecoins, such as USDC. Coinbase Earn, a user-friendly platform, provides investors with an accessible avenue to participate in both these rewarding practices. This comprehensive guide delves into the nuances of Coinbase Earn's staking and USDC rewards, enabling investors to make informed decisions that align with their financial objectives and risk tolerance.

在加密货币投资领域，从数字资产中产生收益的主要方法有两种：质押和持有计息稳定币，例如 USDC。 Coinbase Earn 是一个用户友好的平台，为投资者提供了参与这些奖励实践的便捷途径。本综合指南深入探讨了 Coinbase Earn 质押和 USDC 奖励的细微差别，使投资者能够做出符合其财务目标和风险承受能力的明智决策。

Option 1: Staking on Coinbase

选项 1：在 Coinbase 上质押

Coinbase Earn's staking service facilitates the delegation of seven Proof-of-Stake (PoS) crypto assets directly through the exchange, including Ethereum (ETH), Solana (SOL), Cardano (ADA), Polygon (MATIC), Polkadot (DOT), Cosmos (ATOM), and Tezos (XTZ). Unlike traditional staking, which can be complex and resource-intensive, Coinbase streamlines the process, making it accessible to investors of all experience levels.

Coinbase Earn 的质押服务有助于直接通过交易所委托七种权益证明 (PoS) 加密资产，包括以太坊 (ETH)、Solana (SOL)、Cardano (ADA)、Polygon (MATIC)、Polkadot (DOT)、 Cosmos (ATOM) 和 Tezos (XTZ)。与复杂且占用资源的传统质押不同，Coinbase 简化了流程，使所有经验水平的投资者都可以使用。

In return for the convenience, Coinbase charges a commission of 25% for ETH and 35% for the remaining assets (26.3% for Coinbase One members). It's important to note that the staking reward rates displayed on Coinbase reflect the post-commission figures, ensuring transparency without any hidden fees.

作为便利的回报，Coinbase 对 ETH 收取 25% 的佣金，对其余资产收取 35% 的佣金（Coinbase One 会员收取 26.3% 的佣金）。值得注意的是，Coinbase 上显示的质押奖励率反映了佣金后的数据，确保了透明度，没有任何隐藏费用。

Current Staking Rates on Coinbase

Coinbase 当前的质押率

The staking rewards on Coinbase vary significantly based on the token, with rates ranging from 3% to 20% as of the time of writing. These rates are subject to change over time, influenced by the underlying platform's staking rate and market conditions. The value of the staked tokens will also fluctuate, similar to stocks, potentially leading to gains or losses.

Coinbase 上的质押奖励根据代币的不同而有很大差异，截至撰写本文时，利率范围为 3% 到 20%。这些利率可能会随着时间的推移而变化，并受到基础平台的质押率和市场状况的影响。与股票类似，质押代币的价值也会波动，可能导致收益或损失。

Factors Influencing Staking APY and Rewards

影响质押 APY 和奖励的因素

Several factors impact the APY (Annual Percentage Yield) and rewards associated with staking. Increased participation in staking results in a diluted reward pool, leading to lower individual earnings. Market conditions also play a role, with higher token prices typically yielding greater rewards. Additionally, Coinbase retains the discretion to adjust the USDC reward rate based on liquidity and market dynamics.

有几个因素会影响 APY（年收益率）和与质押相关的奖励。参与质押的增加会导致奖励池稀释，从而导致个人收入下降。市场条件也发挥了作用，较高的代币价格通常会带来更大的回报。此外，Coinbase 保留根据流动性和市场动态调整 USDC 奖励率的酌情权。

Option 2: Earning USDC Rewards

选项 2：赚取 USDC 奖励

Besides staking, Coinbase Earn offers USDC rewards, allowing users to accrue interest simply by holding USDC, a stablecoin pegged to the value of the US dollar, in their Coinbase account. This service is available to verified users residing in eligible countries.

除了质押之外，Coinbase Earn 还提供 USDC 奖励，用户只需在 Coinbase 账户中持有 USDC（一种与美元价值挂钩的稳定币）即可获得利息。此服务可供居住在符合条件的国家/地区的经过验证的用户使用。

Unlike lending platforms, which loan out deposited USDC and share the interest earned with depositors, Coinbase acts as a loyalty program and pays interest from its funds, eliminating the risk of borrower defaults.

与贷款平台借出存入的 USDC 并与储户分享赚取的利息不同，Coinbase 充当忠诚度计划并从其资金中支付利息，从而消除了借款人违约的风险。

Current USDC Reward Rate on Coinbase

Coinbase 目前的 USDC 奖励率

As of this writing, Coinbase offers a 5.1% interest rate on USDC, a notable increase from the previous 2%. However, it's essential to compare this rate to historical APYs offered by centralized lending platforms, which have occasionally surpassed 10%.

截至撰写本文时，Coinbase 提供 USDC 的利率为 5.1%，较之前的 2% 显着提高。然而，有必要将此利率与中心化借贷平台提供的历史年利率进行比较，后者偶尔会超过 10%。

Comparing the Rewards

比较奖励

Coinbase staking rates are constantly influenced by the underlying protocol's staking rate and market conditions. Over the past year, staking APYs have generally declined, with the exception of Solana. The staking reward rates on Coinbase range between 3% and 20%, and the value of these rewards fluctuates with the token's price.

Coinbase 的质押率不断受到底层协议的质押率和市场状况的影响。在过去的一年里，除了 Solana 之外，质押 APY 普遍下降。 Coinbase 上的质押奖励率在 3% 到 20% 之间，这些奖励的价值随着代币的价格而波动。

In contrast, Coinbase's USDC Rewards offer a stable 5.1% interest rate, but this rate could potentially be lower than the historical APYs provided by lending platforms.

相比之下，Coinbase 的 USDC Rewards 提供稳定的 5.1% 利率，但该利率可能低于借贷平台提供的历史 APY。

Comparing the Risks

比较风险

While staking rewards may offer higher percentage returns, investors must consider the risk of fluctuations in the value of the underlying token. Staking also entails a risk of protocol penalties, such as slashing, where rewards may be lost. However, Coinbase may replace user assets in such incidents, although this is not guaranteed.

虽然质押奖励可能会提供更高的回报率，但投资者必须考虑基础代币价值波动的风险。质押还存在协议处罚的风险，例如削减，奖励可能会丢失。然而，Coinbase 可能会在此类事件中替换用户资产，尽管这并不能得到保证。

USDC rewards, on the other hand, eliminate volatility risk as the value of USDC remains stable at $1. However, holding USDC may mean missing out on potential gains during crypto bull markets.

另一方面，USDC 奖励消除了波动风险，因为 USDC 的价值稳定在 1 美元。然而，持有 USDC 可能意味着错过加密货币牛市期间的潜在收益。

Making the Decision

做出决定

The choice between staking APY and USDC rewards hinges on an investor's financial objectives and risk appetite. USDC Rewards cater to conservative investors with a low risk tolerance, as they provide a stable return without the volatility associated with staking.

质押 APY 和 USDC 奖励之间的选择取决于投资者的财务目标和风险偏好。 USDC 奖励迎合风险承受能力较低的保守投资者，因为它们提供稳定的回报，且没有与质押相关的波动。

Staking is better suited for investors willing to assume more risk in pursuit of potentially higher rewards, bearing in mind the potential fluctuations in the value of the staked tokens. A diversified portfolio strategy, including both staking and USDC holding, can mitigate volatility risks.

考虑到所质押代币价值的潜在波动，质押更适合愿意承担更多风险以追求潜在更高回报的投资者。多元化的投资组合策略，包括质押和持有 USDC，可以减轻波动风险。

Tax Implications

税务影响

In the United States, both staking and USDC rewards are subject to taxation. Income earned from staked coins is taxable upon unstaking. To facilitate tax filing, Coinbase automatically provides a 1099-MISC to US users earning over $600 in USDC rewards.

在美国，质押和 USDC 奖励都需要纳税。从质押代币赚取的收入在取消质押时应纳税。为了方便报税，Coinbase 自动向赚取超过 600 美元 USDC 奖励的美国用户提供 1099-MISC。

Conclusion

结论

Coinbase Earn offers a convenient and accessible platform for investors to earn crypto interest through staking PoS coins and holding USDC. Selecting between these options requires a thoughtful approach that aligns with individual risk tolerance and financial goals. Staking offers higher yield potential but introduces market volatility and protocol risks, while USDC rewards provide stability and lower risk. Ultimately, whether an investor leans towards the higher potential returns of staking or the safety of USDC Rewards, Coinbase Earn caters to a wide spectrum of investment preferences.

Coinbase Earn 为投资者提供了一个方便易用的平台，通过质押 PoS 代币和持有 USDC 来赚取加密货币利息。在这些选项之间进行选择需要采取符合个人风险承受能力和财务目标的深思熟虑的方法。质押提供了更高的收益潜力，但会带来市场波动和协议风险，而 USDC 奖励则提供稳定性和更低的风险。最终，无论投资者倾向于更高的潜在质押回报还是 USDC 奖励的安全性，Coinbase Earn 都能满足广泛的投资偏好。