了解加密货币

Staking是加密货币持有人通过将其令牌锁定在网络中以帮助验证和确保交易来获得奖励的流行方式。

Staking is a popular method for cryptocurrency holders to lock their tokens in a network and earn rewards in return for helping to validate and secure transactions. This process typically operates on the “Proof-of-Stake” (PoS) model, where participants with the most tokens have the greatest influence on the network and earn larger rewards.

Stataking是加密货币持有人将其令牌锁定在网络中并获得奖励以帮助验证和确保交易的奖励的一种流行方法。这个过程通常在“销售证明”（POS）模型上运行，在该模型中，令牌最多的参与者对网络的影响最大，并获得更大的奖励。

To get started, individuals need to deposit their tokens into a wallet that is designed for staking. This wallet will allow them to engage in the network’s consensus mechanism, such as validating transactions and adding new blocks to the blockchain. In return for their contribution, participants will receive rewards, which could be in the form of transaction fees or newly minted tokens. The amount a user can earn will depend on the amount of tokens they stake and the specific rules of the network.

首先，个人需要将其令牌存放到设计用于堆放的钱包中。这个钱包将使他们能够参与网络的共识机制，例如验证交易并在区块链中添加新的区块。作为他们的贡献，参与者将获得奖励，这可能是交易费或新近铸造的代币的形式。用户可以赚取的金额取决于他们掌握的令牌和网络的特定规则。

By staking their tokens, users are contributing to the overall security and integrity of the blockchain. Validators, who are selected based on their staked tokens, are responsible for verifying transactions and deciding which ones are valid. This process ensures that the network remains trustworthy, as those with a financial stake are incentivized to maintain the system’s security.

通过存放令牌，用户为区块链的整体安全性和完整性做出了贡献。基于其固定令牌选择的验证者负责验证交易并确定哪些有效。该过程确保网络仍然值得信赖，因为激励拥有财务利益的人以维持系统的安全性。

Different Types of Staking

不同类型的积分

There are different types of staking, each with its own rules and benefits:

有不同类型的堆积类型，每种都有其自身的规则和好处：

Validator Staking: Validators stake a certain amount of tokens to gain the privilege of confirming transactions on the blockchain. These participants are rewarded with tokens for every transaction they manage to validate. The size of the reward will depend on how much is staked and the platform’s activity levels. The more tokens a validator holds, the more influence they have on the network.

验证器置换：验证者将一定数量的令牌存储起来，以获得确认区块链交易的特权。对于他们设法验证的每笔交易，这些参与者都会获得代币的奖励。奖励的大小将取决于储存数量和平台的活动水平。验证者拥有的令牌越多，它们对网络的影响就越多。

Delegated Staking (DPoS): In this model, token holders can delegate their tokens to a selected validator. The validators are chosen through a democratic voting system. DPoS aims to improve scalability and speed by limiting the number of validators who are responsible for processing transactions. However, it does rely on token holders actively participating in elections to prevent too much power from resting with a small group of validators. For example, Alice may delegate her tokens to Bob, who manages her stake in return for a share of the rewards. This allows Alice to earn without having to manage the process herself.

委派订阅（DPO）：在此模型中，令牌持有人可以将其令牌委托给所选验证器。通过民主投票系统选择验证者。 DPO旨在通过限制负责处理交易的验证者的数量来提高可扩展性和速度。但是，它确实依靠代币的持有人积极参与选举，以防止过多的权力与一小群验证者息息相关。例如，爱丽丝可能会将她的代币委托给鲍勃，后者管理她的股份，以换取一份奖励。这允许爱丽丝赚钱而无需自己管理过程。

Liquidity Staking: This type of staking involves providing liquidity to a decentralized exchange (DEX) by depositing two or more tokens into a liquidity pool. In return for contributing to the DEX's operations, users earn a portion of the exchange's fees and potentially other types of rewards. For instance, Alice can deposit her ETH and WBTC into a DEX liquidity pool, and in return, she will earn a portion of the exchange’s native tokens.

流动性积累：这种类型的饲养涉及通过将两个或多个令牌存放到流动性库中，从而为分散的交换（DEX）提供流动性。作为为DEX运营做出贡献的回报，用户赚取了一部分交易所费用以及潜在的其他类型的奖励。例如，爱丽丝可以将她的ETH和WBTC存放到DEX流动性池中，作为回报，她将获得交易所本地令牌的一部分。

Staking on Ethereum

在以太坊上赌注

Earlier this year, Ethereum transitioned to Proof-of-Stake (PoS), allowing validators to confirm transactions using staked ETH. When a user initiates a transaction, it’s broadcast to the network. Validators will then compete to process the transaction, and those who succeed will be rewarded with more ETH. Compared to its previous Proof-of-Work model, Ethereum’s consensus mechanism is now much more energy-efficient.

今年早些时候，以太坊过渡为验证证明（POS），允许验证者使用固定ETH确认交易。当用户启动交易时，它会广播到网络。然后，验证者将竞争处理交易，而成功的人将获得更多的ETH奖励。与以前的工作证明模型相比，以太坊的共识机制现在更加节能。

To interact with Ethereum, users need to include gas fees, which pay for the computational resources required to process transactions. Gas is essential for ensuring that transactions are verified and added to the blockchain. If the gas fee is too low, the transaction will not be executed. However, if the gas fee is set too high, it may not be economical for validators to select the transaction for processing.

要与以太坊互动，用户需要包括汽油费，这些费用支付处理交易所需的计算资源。气体对于确保验证交易并添加到区块链中至关重要。如果汽油费太低，则不会执行交易。但是，如果设定的汽油费太高，则验证者选择处理交易可能并不经济。

As a result, users must set an appropriate gas fee to balance the trade-off between having the transaction executed and maximizing personal gains.

结果，用户必须设定适当的汽油费，以平衡执行交易和最大化个人收益之间的权衡。

Challenges of Staking

积累的挑战

Despite its benefits, staking comes with several risks:

尽管有好处，但Staking带有几种风险：

High Transaction Costs: Ethereum’s gas fees can become quite high, making it costly to process smaller transactions. This is especially problematic for users with limited amounts of crypto.

高交易成本：以太坊的汽油费可能会变得很高，因此处理较小的交易成本很高。对于有限的加密货币用户而言，这尤其有问题。

Centralization: Since becoming a validator requires staking a significant amount of tokens, larger entities tend to dominate the staking process. This can lead to centralization, undermining the decentralized nature of the network.

集中化：自从成为验证者需要占有大量令牌以来，较大的实体倾向于主导放电过程。这可能导致集中化，破坏网络的分散性质。

Inflation: The increase in the supply of ETH over time can dilute the value of staked tokens, potentially reducing the overall return for stakers.

通货膨胀：随着时间的推移，ETH供应的增加可以稀释储存的代币的价值，从而有可能降低Stakers的整体回报。

Impermanent Loss: In liquidity staking, users risk losing value if the price of their staked tokens fluctuates. For example, if the value of a token decreases, it could offset the rewards earned, resulting in a net loss.

无常损失：在流动性积累中，如果其固定令牌的价格波动，用户可能会失去价值。例如，如果代币的价值下降，则可能会抵消所获得的奖励，从而导致净损失。

Is Staking Worth It?

堆放值得吗？

Staking can be an appealing way to earn passive income, especially for long-term crypto holders who are not concerned with short-term price fluctuations. However, it carries risks, and only funds you can afford to lose should be staked. Always research the platforms you plan to use and be wary of unusually high returns, as they may indicate risks or scams.

积分可能是一种吸引被动收入的吸引人的方式，特别是对于不关心短期价格波动的长期加密持有者而言。但是，它会带来风险，只有您能负担得起的资金才能被存放。始终研究您打算使用的平台，并保持异常高的回报，因为它们可能表明风险或骗局。