{"id":199164,"date":"2026-11-15T16:25:36","date_gmt":"2026-11-15T16:25:36","guid":{"rendered":"https:\/\/arongroups.co\/?p=199164"},"modified":"2026-11-15T16:25:36","modified_gmt":"2026-11-15T16:25:36","slug":"impermanent-loss","status":"publish","type":"post","link":"https:\/\/arongroups.co\/ar\/forex-market\/impermanent-loss\/","title":{"rendered":"\u0634\u0631\u062d \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629: \u0644\u0645\u0627\u0630\u0627 \u0642\u062f \u064a\u062e\u0633\u0631 \u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0642\u064a\u0645\u0629\u060c \u0648\u0645\u0627 \u0627\u0644\u0631\u064a\u0627\u0636\u064a\u0627\u062a \u0648\u0631\u0627\u0621\u0647\u0627\u060c \u0648\u0643\u064a\u0641 \u062a\u0642\u0644\u0651\u0644\u0647\u0627"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"199164\" class=\"elementor elementor-199164\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-15a9ced e-flex e-con-boxed e-con e-parent\" data-id=\"15a9ced\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9c9bfea elementor-widget elementor-widget-text-editor\" data-id=\"9c9bfea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Impermanent Loss) \u0647\u064a \u0645\u0627 \u064a\u062e\u0633\u0631\u0647 \u0645\u0632\u0648\u0651\u062f \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0645\u062c\u0631\u062f \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646 \u0646\u0641\u0633\u064a\u0647\u0645\u0627 \u0639\u0646\u062f\u0645\u0627 \u062a\u062a\u063a\u064a\u0631 \u0646\u0633\u0628\u0629 \u0627\u0644\u0633\u0639\u0631 \u0628\u064a\u0646 \u0639\u0645\u0644\u062a\u064a \u0627\u0644\u0645\u062c\u0645\u0639. \u0648\u062a\u064f\u0642\u0627\u0633 \u0642\u0628\u0644 \u0627\u0644\u0631\u0633\u0648\u0645. \u0648\u062a\u064f\u0633\u0645\u0649 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629 \u0644\u0623\u0646\u0647\u0627 \u062a\u062a\u0642\u0644\u0635 \u0625\u0630\u0627 \u0639\u0627\u062f\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0625\u0644\u0649 \u0646\u0642\u0637\u0629 \u0627\u0644\u0628\u062f\u0627\u064a\u0629\u060c \u0648\u0644\u0627 \u062a\u0635\u0628\u062d \u062d\u0642\u064a\u0642\u064a\u0629 \u0625\u0644\u0627 \u0639\u0646\u062f \u0627\u0644\u0633\u062d\u0628.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f034b69 e-flex e-con-boxed e-con e-parent\" data-id=\"f034b69\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3e011f4 elementor-widget elementor-widget-text-editor\" data-id=\"3e011f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u062a\u0632\u062f\u0627\u062f \u0623\u0647\u0645\u064a\u062a\u0647\u0627 \u0627\u0644\u0622\u0646 \u0644\u0623\u0646 \u062a\u0642\u0644\u0628\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0627\u062e\u062a\u0628\u0631\u062a \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a \u0628\u0642\u0633\u0648\u0629 \u0641\u064a 2026. \u0641\u0648\u0641\u0642 \u0628\u064a\u0627\u0646\u0627\u062a CoinMarketCap\u060c \u0623\u063a\u0644\u0642 ETH \u0639\u0627\u0645 2025 \u0639\u0646\u062f 2,967.04 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0648\u0623\u063a\u0644\u0642 \u064a\u0648\u0646\u064a\u0648 2026 \u0639\u0646\u062f 1,569.58 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u061b \u0648\u0633\u062c\u0651\u0644\u0647 CoinGecko \u0639\u0646\u062f 2,420.56 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0639\u0646\u062f \u0625\u063a\u0644\u0627\u0642 16 \u0623\u0643\u062a\u0648\u0628\u0631. \u0648\u062a\u062f\u0627\u0648\u0644\u062a \u0645\u0646\u0635\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 233.5 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u062b\u0644\u0627\u062b\u064a\u0646 \u064a\u0648\u0645\u0627\u064b \u0627\u0644\u0645\u0646\u062a\u0647\u064a\u0629 \u0641\u064a 19 \u0623\u0643\u062a\u0648\u0628\u0631 2026 \u0628\u062d\u0633\u0628 DefiLlama\u060c \u0646\u062d\u0648 \u062b\u0644\u062b\u0647\u0627 \u0639\u0644\u0649 Uniswap\u060c \u0648\u0647\u064a \u062c\u0632\u0621 \u0645\u0646 \u0645\u0646\u0638\u0648\u0645\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u062a\u064a \u062a\u0636\u0645 \u0623\u064a\u0636\u0627\u064b <a href=\"https:\/\/arongroups.co\/ar\/market-analysis\/tokenization-of-assets\/\">\u062a\u0631\u0645\u064a\u0632 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cb4a977 e-flex e-con-boxed e-con e-parent\" data-id=\"cb4a977\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d78e87e elementor-widget elementor-widget-text-editor\" data-id=\"d78e87e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u064a\u0634\u0631\u062d \u0647\u0630\u0627 \u0627\u0644\u062f\u0644\u064a\u0644 \u0643\u064a\u0641 \u064a\u064f\u0646\u062a\u062c \u0635\u0627\u0646\u0639 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0622\u0644\u064a \u0647\u0630\u0647 \u0627\u0644\u062e\u0633\u0627\u0631\u0629\u060c \u062b\u0645 \u064a\u0642\u062f\u0651\u0645 \u0627\u0644\u0645\u0639\u0627\u062f\u0644\u0629 \u0648\u062c\u062f\u0648\u0644 \u062d\u0627\u0633\u0628\u0629 \u0648\u0645\u062b\u0627\u0644\u0627\u064b \u0645\u062d\u0633\u0648\u0628\u0627\u064b \u0645\u0646 2026 \u0648\u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u0639\u0627\u062f\u0644. \u0643\u0645\u0627 \u064a\u0635\u062d\u0651\u062d \u062b\u0644\u0627\u062b\u0629 \u0627\u062f\u0639\u0627\u0621\u0627\u062a \u0634\u0627\u0626\u0639\u0629 \u0639\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u0631\u0643\u0651\u0632\u0629 \u0648\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u0648\u062d\u0645\u0627\u064a\u0629 \u0627\u0644\u062e\u0633\u0627\u0631\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3b56a9d e-flex e-con-boxed e-con e-parent\" data-id=\"3b56a9d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0123d6f elementor-widget elementor-widget-ucaddon_blog_key_takeaway\" data-id=\"0123d6f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_blog_key_takeaway.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Blog Key Takeaway -->\n\n<!-- Key Takeaways widget-->\n<div>\n  <!-- Key Takeaways Widget -->\n  <div class=\"key_takeaways_widget\">\n    <div class=\"title_wrapper\">\n      <img decoding=\"async\" src=\"https:\/\/cdn.arongroups.co\/uploads\/2024\/12\/bookmark-2.svg\" alt=\"bookmark\" class=\"icon\">\n      <div class=\"title_txt\">\u0623\u0628\u0631\u0632 \u0627\u0644\u0646\u0642\u0627\u0637<\/div>\n    <\/div>\n    <div class=\"content_wrapper\">\n      <ul><li>\u062a\u0642\u0627\u0631\u0646 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0645\u0631\u0643\u0632\u0627\u064b \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 \u0628\u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646 \u0646\u0641\u0633\u064a\u0647\u0645\u0627. \u0648\u0641\u064a \u0645\u062c\u0645\u0639 \u062d\u0627\u0635\u0644 \u0636\u0631\u0628 \u062b\u0627\u0628\u062a \u0628\u0646\u0633\u0628\u0629 50\/50 \u062a\u0633\u0627\u0648\u064a 2 \u00d7 \u221ar \u00f7 (1 + r) \u2212 1\u060c \u0644\u0630\u0644\u0643 \u062a\u0643\u0644\u0651\u0641 \u0627\u0644\u0645\u0636\u0627\u0639\u0641\u0629 \u0623\u0648 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641 5.72%.<\/li><li>10,000 \u062f\u0648\u0644\u0627\u0631 \u0648\u064f\u0636\u0639\u062a \u0641\u064a ETH\/USDC \u0639\u0646\u062f \u0625\u063a\u0644\u0627\u0642 ETH \u0644\u0639\u0627\u0645 2025 \u0627\u0644\u0628\u0627\u0644\u063a 2,967.04 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u062a\u062e\u0644\u0641\u062a \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0645\u0642\u062f\u0627\u0631 372 \u062f\u0648\u0644\u0627\u0631\u0627\u064b (4.86%) \u0641\u064a \u0646\u0647\u0627\u064a\u0629 \u064a\u0648\u0646\u064a\u0648 2026. \u0648\u0628\u062d\u0644\u0648\u0644 16 \u0623\u0643\u062a\u0648\u0628\u0631 \u062a\u0642\u0644\u0635\u062a \u0627\u0644\u0641\u062c\u0648\u0629 \u0625\u0644\u0649 47 \u062f\u0648\u0644\u0627\u0631\u0627\u064b (0.52%).<\/li><li>\u0628\u0639\u062f \u062d\u0631\u0643\u0629 \u0628\u0645\u0642\u062f\u0627\u0631 2x \u064a\u062d\u062a\u0627\u062c \u0645\u0632\u0648\u0651\u062f \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0625\u0644\u0649 \u0631\u0633\u0648\u0645 \u062a\u0639\u0627\u062f\u0644 6.07% \u0645\u0646 \u0627\u0644\u0645\u0631\u0643\u0632. \u0648\u064a\u062a\u0637\u0644\u0628 \u0630\u0644\u0643 \u062d\u062c\u0645 \u062a\u062f\u0627\u0648\u0644 \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 \u064a\u0628\u0644\u063a \u0646\u062d\u0648 20 \u0636\u0639\u0641 \u0633\u064a\u0648\u0644\u062a\u0647 \u0639\u0646\u062f \u0631\u0633\u0648\u0645 0.30%\u060c \u0623\u0648 121 \u0636\u0639\u0641\u0627\u064b \u0639\u0646\u062f 0.05%\u060c \u0642\u0628\u0644 \u0631\u0633\u0648\u0645 \u0627\u0644\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644.<\/li><li>\u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u0631\u0643\u0651\u0632\u0629 \u062a\u0636\u062e\u0651\u0645 \u0627\u0644\u062e\u0633\u0627\u0631\u0629. \u0641\u0646\u0637\u0627\u0642 \u064a\u0645\u062a\u062f \u0645\u0646 20% \u062a\u062d\u062a \u0627\u0644\u0633\u0639\u0631 \u0625\u0644\u0649 25% \u0641\u0648\u0642\u0647 \u064a\u0643\u0633\u0628 9.47 \u0636\u0639\u0641 \u0627\u0644\u0631\u0633\u0648\u0645 \u062f\u0627\u062e\u0644 \u0627\u0644\u0646\u0637\u0627\u0642\u060c \u0644\u0643\u0646\u0647 \u064a\u062e\u0633\u0631 5.87% \u0639\u0646\u062f \u062d\u0627\u0641\u062a\u064a\u0647 \u0644\u0627 0.62%.<\/li><li>\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u062a\u062a\u062c\u0646\u0628 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0645\u0627 \u062f\u0627\u0645 \u0627\u0644\u0631\u0628\u0637 \u0628\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0642\u0627\u0626\u0645\u0627\u064b: \u0647\u0628\u0637 USDC \u0625\u0644\u0649 \u0646\u062d\u0648 0.88 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a 11 \u0645\u0627\u0631\u0633 2023. \u0648\u0627\u0644\u062d\u0645\u0627\u064a\u0629 \u0642\u062f \u062a\u062e\u062a\u0641\u064a \u0623\u064a\u0636\u0627\u064b: \u0623\u0648\u0642\u0641\u062a Bancor \u0628\u0631\u0646\u0627\u0645\u062c\u0647\u0627 \u0641\u064a 19 \u064a\u0648\u0646\u064a\u0648 2022.<\/li><\/ul>\n    <\/div>\n  <\/div>\n<\/div>\n<!-- end Blog Key Takeaway -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8e30356 e-flex e-con-boxed e-con e-parent\" data-id=\"8e30356\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f2f1a5 elementor-widget elementor-widget-heading\" data-id=\"9f2f1a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0645\u0627 \u0647\u064a \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-666a832 e-flex e-con-boxed e-con e-parent\" data-id=\"666a832\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b4c14d elementor-widget elementor-widget-text-editor\" data-id=\"9b4c14d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u060c \u0648\u062a\u064f\u0633\u0645\u0649 \u0623\u064a\u0636\u0627\u064b \u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u062a\u0628\u0627\u0639\u062f\u060c \u0647\u064a \u0627\u0644\u0641\u062c\u0648\u0629 \u0628\u064a\u0646 \u062d\u0635\u062a\u0643 \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 \u0648\u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646 \u0646\u0641\u0633\u064a\u0647\u0645\u0627 \u0644\u0648 \u0628\u0642\u064a\u062a\u0627 \u0641\u064a \u0645\u062d\u0641\u0638\u062a\u0643. \u0648\u0628\u0647\u0630\u0627 \u0627\u0644\u062a\u0639\u0631\u064a\u0641 \u0627\u0644\u0642\u064a\u0627\u0633\u064a \u0644\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u060c \u062a\u0638\u0647\u0631 \u0627\u0644\u0641\u062c\u0648\u0629 \u0623\u064a\u0627\u064b \u0643\u0627\u0646 \u0627\u062a\u062c\u0627\u0647 \u062a\u0628\u0627\u0639\u062f \u0627\u0644\u0633\u0639\u0631\u064a\u0646. \u0648\u0647\u064a \u0643\u0644\u0641\u0629 \u062a\u0648\u0641\u064a\u0631 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a (DeFi)\u060c \u0644\u0627 \u0643\u0644\u0641\u0629 \u0634\u0631\u0627\u0621 \u0639\u0645\u0644\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-109e4b8 e-flex e-con-boxed e-con e-parent\" data-id=\"109e4b8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1c5038b elementor-widget elementor-widget-ucaddon_blog_yellow_box\" data-id=\"1c5038b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_blog_yellow_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Blog Yellow Box -->\n\n<!-- Yellow content box -->\n<div class=\"yellow_content_box\">\n  <img decoding=\"async\" src=\"https:\/\/cdn.arongroups.co\/uploads\/2024\/12\/sms-star.svg\" alt=\"sms-star\">\n  <p>\n    <p><b>\u0625\u062e\u0644\u0627\u0621 \u0627\u0644\u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0639\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631<\/b><br>\u064a\u0646\u0637\u0648\u064a \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 \u0648\u0627\u0644\u0639\u0642\u0648\u062f \u0645\u0642\u0627\u0628\u0644 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data-id=\"8969274\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7ddd695 elementor-widget elementor-widget-heading\" data-id=\"7ddd695\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u0645\u0631\u062c\u0639 \u0647\u0648 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638\u060c \u0644\u0627 \u0627\u0644\u0646\u0642\u062f<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-14d9d48 e-flex e-con-boxed e-con e-parent\" data-id=\"14d9d48\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9f8d23 elementor-widget elementor-widget-text-editor\" data-id=\"c9f8d23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0643\u062b\u064a\u0631\u0627\u064b \u0645\u0627 \u062a\u064f\u062e\u0644\u0637 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0628\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u0629\u060c \u0644\u0643\u0646 \u0645\u0639\u0638\u0645 \u0646\u062a\u064a\u062c\u0629 \u0645\u0632\u0648\u0651\u062f \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u0627 \u0632\u0627\u0644 \u064a\u0623\u062a\u064a \u0645\u0646 \u0627\u0644\u0623\u0633\u0639\u0627\u0631. \u0641\u0628\u064a\u0646 \u0625\u063a\u0644\u0627\u0642 ETH \u0644\u0639\u0627\u0645 2025 \u064816 \u0623\u0643\u062a\u0648\u0628\u0631 2026 \u0647\u0628\u0637 ETH \u0628\u0646\u0633\u0628\u0629 18.4%. \u0648\u062e\u0633\u0631 \u0645\u0631\u0643\u0632 ETH\/USDC \u0628\u0646\u0633\u0628\u0629 50\/50 \u0645\u0628\u0644\u063a 968 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0645\u0646 \u0623\u0635\u0644 10,000 \u062f\u0648\u0644\u0627\u0631. \u0623\u0645\u0627 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646\u060c \u0623\u0648 \u0645\u0627 \u064a\u064f\u0639\u0631\u0641 \u0628\u0640HODL\u060c \u0641\u062e\u0633\u0631 921 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u0641\u0644\u0645 \u062a\u0641\u0633\u0651\u0631 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0633\u0648\u0649 47 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0645\u0646 \u0627\u0644\u0636\u0631\u0631.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7ab405c e-flex e-con-boxed e-con e-parent\" data-id=\"7ab405c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-57d0c71 elementor-widget elementor-widget-heading\" data-id=\"57d0c71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0644\u0645\u0627\u0630\u0627 \u062a\u064f\u0633\u0645\u0649 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e247885 e-flex e-con-boxed e-con e-parent\" data-id=\"e247885\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6577ed8 elementor-widget elementor-widget-text-editor\" data-id=\"6577ed8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0625\u0630\u0627 \u0639\u0627\u062f\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0625\u0644\u0649 \u0646\u0633\u0628\u0629 \u0627\u0644\u062f\u062e\u0648\u0644\u060c \u064a\u0639\u064a\u062f \u0627\u0644\u0645\u062c\u0645\u0639 \u0625\u0644\u064a\u0643 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u062a\u064a \u0623\u0648\u062f\u0639\u062a\u0647\u0627 \u0645\u0636\u0627\u0641\u0627\u064b \u0625\u0644\u064a\u0647\u0627 \u0627\u0644\u0631\u0633\u0648\u0645\u060c \u0648\u062a\u062e\u062a\u0641\u064a \u0627\u0644\u062e\u0633\u0627\u0631\u0629. \u0648\u0644\u0627 \u062a\u0635\u0628\u062d \u062f\u0627\u0626\u0645\u0629 \u0625\u0644\u0627 \u0625\u0630\u0627 \u0633\u062d\u0628\u062a \u0628\u064a\u0646\u0645\u0627 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0645\u0627 \u0632\u0627\u0644\u062a \u0645\u062a\u0628\u0627\u0639\u062f\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-126adb4 e-flex e-con-boxed e-con e-parent\" data-id=\"126adb4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-638965a elementor-widget elementor-widget-heading\" data-id=\"638965a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0643\u064a\u0641 \u062a\u064f\u0646\u062a\u062c \u0645\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0635\u0627\u0646\u0639 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0622\u0644\u064a \u0647\u0630\u0647 \u0627\u0644\u062e\u0633\u0627\u0631\u0629<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7149e63 e-flex e-con-boxed e-con e-parent\" data-id=\"7149e63\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a1ca247 elementor-widget elementor-widget-text-editor\" data-id=\"a1ca247\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0645\u062c\u0645\u0639 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0639\u0642\u062f \u0630\u0643\u064a\u060c \u064a\u062d\u062a\u0641\u0638 \u0639\u0627\u062f\u0629\u064b \u0628\u0639\u0645\u0644\u062a\u064a\u0646\u060c \u0648\u064a\u0645\u0643\u0646 \u0644\u0623\u064a \u0634\u062e\u0635 \u0623\u0646 \u064a\u062a\u062f\u0627\u0648\u0644 \u0645\u0642\u0627\u0628\u0644\u0647. \u0648\u0641\u064a \u0643\u062b\u064a\u0631 \u0645\u0646 \u0645\u0646\u0635\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 \u064a\u062d\u0644 \u0645\u062d\u0644 \u0635\u0627\u0646\u0639\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0630\u064a\u0646 \u064a\u0639\u0631\u0636\u0648\u0646 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0641\u064a \u062f\u0641\u062a\u0631 \u0627\u0644\u0623\u0648\u0627\u0645\u0631\u060c \u0648\u0647\u0648 \u0645\u0627 \u062a\u0634\u0631\u062d\u0647 \u0645\u0642\u0627\u0644\u062a\u0646\u0627 \u0639\u0646 <a href=\"https:\/\/arongroups.co\/ar\/forex-market\/market-microstructure\/\">\u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u062f\u0642\u064a\u0642\u0629 \u0644\u0644\u0633\u0648\u0642<\/a>. \u0648\u064a\u062d\u062f\u062f \u0635\u0627\u0646\u0639 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0622\u0644\u064a (AMM) \u0627\u0644\u0633\u0639\u0631 \u0645\u0646 \u0623\u0631\u0635\u062f\u0629 \u0627\u0644\u0645\u062c\u0645\u0639 \u0646\u0641\u0633\u0647\u0627. \u0648\u064a\u0648\u062f\u0639 \u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 (LPs) \u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646 \u0645\u0639\u0627\u064b\u060c \u0648\u063a\u0627\u0644\u0628\u0627\u064b \u0639\u0645\u0644\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0648\u0639\u0645\u0644\u0629 \u0645\u0633\u062a\u0642\u0631\u0629\u060c \u0648\u064a\u062a\u0642\u0627\u0633\u0645\u0648\u0646 \u0627\u0644\u0631\u0633\u0648\u0645.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-037fc47 e-flex e-con-boxed e-con e-parent\" data-id=\"037fc47\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8a6819d elementor-widget elementor-widget-heading\" data-id=\"8a6819d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0645\u0639\u0627\u062f\u0644\u0629 \u062d\u0627\u0635\u0644 \u0627\u0644\u0636\u0631\u0628 \u0627\u0644\u062b\u0627\u0628\u062a<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9f0bb62 e-flex e-con-boxed e-con e-parent\" data-id=\"9f0bb62\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3240fb6 elementor-widget elementor-widget-text-editor\" data-id=\"3240fb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u064a\u0633\u062a\u062e\u062f\u0645 \u0645\u0639\u0638\u0645 \u0635\u0627\u0646\u0639\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0622\u0644\u064a\u064a\u0646 \u0645\u0639\u0627\u062f\u0644\u0629 \u062d\u0627\u0635\u0644 \u0627\u0644\u0636\u0631\u0628 \u0627\u0644\u062b\u0627\u0628\u062a\u060c x \u00d7 y = k\u060c \u062d\u064a\u062b x \u0648y \u0647\u0645\u0627 \u0631\u0635\u064a\u062f\u0627 \u0627\u0644\u0645\u062c\u0645\u0639 \u0645\u0646 \u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646. \u0648\u064a\u0645\u0643\u0646 \u0644\u0644\u0635\u0641\u0642\u0629 \u0623\u0646 \u062a\u063a\u064a\u0651\u0631 \u0627\u0644\u0631\u0635\u064a\u062f\u064a\u0646 \u0644\u0643\u0646 \u0644\u0627 \u062a\u063a\u064a\u0651\u0631 \u062d\u0627\u0635\u0644 \u0636\u0631\u0628\u0647\u0645\u0627\u060c \u0644\u0630\u0644\u0643 \u064a\u062a\u062d\u0631\u0643 \u0627\u0644\u0633\u0639\u0631\u060c \u0623\u064a y \u0645\u0642\u0633\u0648\u0645\u0629 \u0639\u0644\u0649 x\u060c \u0645\u0639 \u0643\u0644 \u0635\u0641\u0642\u0629. \u0641\u0634\u0631\u0627\u0621 ETH \u064a\u062a\u0631\u0643 \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 \u0643\u0645\u064a\u0629 \u0623\u0642\u0644 \u0645\u0646 ETH \u0648\u0643\u0645\u064a\u0629 \u0623\u0643\u0628\u0631 \u0645\u0646 USDC\u060c \u0645\u0627 \u064a\u0631\u0641\u0639 \u0633\u0639\u0631 ETH \u0641\u064a\u0647.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5614b25 e-flex e-con-boxed e-con e-parent\" data-id=\"5614b25\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed1d405 elementor-widget elementor-widget-heading\" data-id=\"ed1d405\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0643\u064a\u0641 \u064a\u0639\u064a\u062f \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0648\u0646 \u062a\u0648\u0627\u0632\u0646 \u0627\u0644\u0645\u062c\u0645\u0639<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ef2dc93 e-flex e-con-boxed e-con e-parent\" data-id=\"ef2dc93\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3e390e3 elementor-widget elementor-widget-text-editor\" data-id=\"3e390e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u0645\u062c\u0645\u0639 \u0644\u0627 \u064a\u0631\u0627\u0642\u0628 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u062e\u0631\u0649\u060c \u0644\u0630\u0644\u0643 \u0639\u0646\u062f\u0645\u0627 \u064a\u062a\u062d\u0631\u0643 ETH \u0639\u0644\u0649 \u0645\u0646\u0635\u0629 \u0645\u0631\u0643\u0632\u064a\u0629 \u064a\u0628\u0642\u0649 \u0633\u0639\u0631\u0647 \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 \u0642\u062f\u064a\u0645\u0627\u064b \u062d\u062a\u0649 \u064a\u062a\u062f\u0627\u0648\u0644 \u0623\u062d\u062f \u0645\u0642\u0627\u0628\u0644\u0647. \u064a\u0634\u062a\u0631\u064a \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0648\u0646 \u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0623\u0631\u062e\u0635 \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 \u0648\u064a\u0628\u064a\u0639\u0648\u0646\u0647\u0627 \u0641\u064a \u0645\u0643\u0627\u0646 \u0622\u062e\u0631 \u062d\u062a\u0649 \u064a\u062a\u0637\u0627\u0628\u0642 \u0627\u0644\u0633\u0639\u0631\u0627\u0646\u060c \u0648\u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0647\u0645 \u0645\u0646 \u064a\u062f\u0641\u0639 \u062b\u0645\u0646 \u0631\u0628\u062d\u0647\u0645.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-192fa6e e-flex e-con-boxed e-con e-parent\" data-id=\"192fa6e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a067047 elementor-widget elementor-widget-text-editor\" data-id=\"a067047\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u062e\u0630 \u0645\u062c\u0645\u0639\u0627\u064b \u0645\u0646 100 ETH \u0648242,056 USDC\u060c \u0645\u0633\u0639\u0651\u0631\u0627\u064b \u0628\u0625\u063a\u0644\u0627\u0642 ETH \u0641\u064a 16 \u0623\u0643\u062a\u0648\u0628\u0631. \u0625\u0630\u0627 \u0627\u0646\u062e\u0641\u0636 ETH \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641 \u0641\u064a \u0645\u0643\u0627\u0646 \u0622\u062e\u0631\u060c \u064a\u0628\u064a\u0639 \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0648\u0646 41.42 ETH \u0625\u0644\u0649 \u0627\u0644\u0645\u062c\u0645\u0639 \u0645\u0642\u0627\u0628\u0644 70,897 USDC \u0648\u064a\u0631\u0628\u062d\u0648\u0646 20,765 \u062f\u0648\u0644\u0627\u0631\u0627\u064b. \u0648\u064a\u0628\u0642\u0649 \u0644\u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0643\u0645\u064a\u0629 \u0623\u0643\u0628\u0631 \u0645\u0646 \u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0647\u0627\u0628\u0637\u0629: 141.42 ETH \u0648171,159 USDC \u0628\u0642\u064a\u0645\u0629 342,319 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u0645\u0642\u0627\u0628\u0644 363,084 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0644\u0648 \u0627\u062d\u062a\u0641\u0638\u0648\u0627 \u0628\u0647\u0627.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6dc27fa e-flex e-con-boxed e-con e-parent\" data-id=\"6dc27fa\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-17fbe4a elementor-widget elementor-widget-image\" data-id=\"17fbe4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1600\" height=\"900\" src=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-1.png\" class=\"attachment-full size-full wp-image-200045\" alt=\"\u0628\u0639\u062f \u0627\u0646\u062e\u0641\u0627\u0636 ETH \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641\u060c \u062a\u062d\u0631\u0651\u0643 \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0629 \u0627\u0644\u0645\u062c\u0645\u0639 \u0639\u0644\u0649 \u0637\u0648\u0644 \u0645\u0646\u062d\u0646\u0627\u0647 \u0648\u062a\u062a\u0631\u0643 \u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u062a\u062e\u0644\u0641\u064a\u0646 \u0628\u0646\u0633\u0628\u0629 5.72% \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638\u060c \u0648\u0647\u064a \u0641\u062c\u0648\u0629 \u062a\u0633\u0627\u0648\u064a \u0631\u0628\u062d \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u064a\u0646.\" srcset=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-1.png 1600w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-1-300x169.png 300w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-1-1024x576.png 1024w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-1-768x432.png 768w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-1-1536x864.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">\u0628\u0639\u062f \u0627\u0646\u062e\u0641\u0627\u0636 ETH \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641\u060c \u062a\u062d\u0631\u0651\u0643 \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0629 \u0627\u0644\u0645\u062c\u0645\u0639 \u0639\u0644\u0649 \u0637\u0648\u0644 \u0645\u0646\u062d\u0646\u0627\u0647 \u0648\u062a\u062a\u0631\u0643 \u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u062a\u062e\u0644\u0641\u064a\u0646 \u0628\u0646\u0633\u0628\u0629 5.72% \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638\u060c \u0648\u0647\u064a \u0641\u062c\u0648\u0629 \u062a\u0633\u0627\u0648\u064a \u0631\u0628\u062d \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u064a\u0646.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-daa38c5 e-flex e-con-boxed e-con e-parent\" data-id=\"daa38c5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5c58d67 elementor-widget elementor-widget-heading\" data-id=\"5c58d67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dcd9da0 e-flex e-con-boxed e-con e-parent\" data-id=\"dcd9da0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59da0c8 elementor-widget elementor-widget-text-editor\" data-id=\"59da0c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u062e\u0633\u0627\u0631\u0629 \u062f\u0641\u062a\u0631\u064a\u0629 \u062d\u062a\u0649 \u062a\u0633\u062d\u0628. \u062e\u0630 10,000 \u062f\u0648\u0644\u0627\u0631 \u0645\u0642\u0633\u0648\u0645\u0629 \u0628\u0627\u0644\u062a\u0633\u0627\u0648\u064a \u0628\u064a\u0646 ETH \u0648USDC \u0639\u0646\u062f \u0625\u063a\u0644\u0627\u0642 ETH \u0644\u0639\u0627\u0645 2025 \u0627\u0644\u0628\u0627\u0644\u063a 2,967.04 \u062f\u0648\u0644\u0627\u0631\u0627\u064b: 1.6852 ETH \u06485,000 USDC.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-55af1bd e-flex e-con-boxed e-con e-parent\" data-id=\"55af1bd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-34bc511 elementor-widget elementor-widget-text-editor\" data-id=\"34bc511\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0628\u062d\u0644\u0648\u0644 \u0646\u0647\u0627\u064a\u0629 \u064a\u0648\u0646\u064a\u0648 2026 \u0643\u0627\u0646 ETH \u0642\u062f \u0647\u0628\u0637 47.1% \u0625\u0644\u0649 1,569.58 \u062f\u0648\u0644\u0627\u0631\u0627\u064b. \u0648\u0643\u0627\u0646 \u0627\u0644\u0645\u062c\u0645\u0639 \u0642\u062f \u0627\u0634\u062a\u0631\u0649 ETH \u0641\u064a \u0637\u0631\u064a\u0642 \u0627\u0644\u0647\u0628\u0648\u0637\u060c \u0641\u0635\u0627\u0631 \u0627\u0644\u0645\u0631\u0643\u0632 \u064a\u062d\u062a\u0641\u0638 \u0628\u06402.3169 ETH \u06483,636.64 USDC. \u0648\u0628\u0644\u063a\u062a \u0642\u064a\u0645\u062a\u0647 7,273 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0645\u0642\u0627\u0628\u0644 7,645 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0644\u0644\u0627\u062d\u062a\u0641\u0627\u0638\u060c \u0628\u0641\u062c\u0648\u0629 \u0642\u062f\u0631\u0647\u0627 372 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u0623\u0648 4.86%. \u0648\u0628\u062d\u0644\u0648\u0644 16 \u0623\u0643\u062a\u0648\u0628\u0631 \u0639\u0627\u062f ETH \u0625\u0644\u0649 2,420.56 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0648\u062a\u0642\u0644\u0635\u062a \u0627\u0644\u0641\u062c\u0648\u0629 \u0625\u0644\u0649 47 \u062f\u0648\u0644\u0627\u0631\u0627\u064b.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6fb3eca e-flex e-con-boxed e-con e-parent\" data-id=\"6fb3eca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f333a9 elementor-widget elementor-widget-text-editor\" data-id=\"4f333a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0644\u0648 \u0633\u062d\u0628\u062a \u0641\u064a \u064a\u0648\u0646\u064a\u0648 \u0644\u062b\u0628\u0651\u062a\u062a \u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u0640372 \u062f\u0648\u0644\u0627\u0631\u0627\u064b. \u0648\u0627\u0644\u0628\u0642\u0627\u0621 \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639 \u0633\u0645\u062d \u0644\u0644\u0641\u062c\u0648\u0629 \u0623\u0646 \u062a\u0636\u064a\u0642 \u0641\u0642\u0637 \u0644\u0623\u0646 ETH \u062a\u0639\u0627\u0641\u0649\u061b \u0648\u0644\u0648 \u0648\u0627\u0635\u0644 \u0627\u0644\u0647\u0628\u0648\u0637 \u0644\u0643\u0627\u0646\u062a \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0627\u062a\u0633\u0639\u062a. \u0641\u0643\u0644\u0645\u0629 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629 \u062a\u0635\u0641 \u0627\u0644\u062d\u0633\u0627\u0628\u060c \u0644\u0627 \u0648\u0639\u062f\u0627\u064b \u0628\u0639\u0648\u062f\u0629 \u0627\u0644\u0623\u0633\u0639\u0627\u0631.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-27e1a6d e-flex e-con-boxed e-con e-parent\" data-id=\"27e1a6d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c29fe8a elementor-widget elementor-widget-heading\" data-id=\"c29fe8a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0645\u0639\u0627\u062f\u0644\u0629 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0648\u062d\u0627\u0633\u0628\u062a\u0647\u0627<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8601f53 e-flex e-con-boxed e-con e-parent\" data-id=\"8601f53\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0c8aabd elementor-widget elementor-widget-text-editor\" data-id=\"0c8aabd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0641\u064a \u0645\u062c\u0645\u0639 \u062d\u0627\u0635\u0644 \u0636\u0631\u0628 \u062b\u0627\u0628\u062a \u0628\u0646\u0633\u0628\u0629 50\/50\u060c \u062a\u0639\u062a\u0645\u062f \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0631\u0642\u0645 \u0648\u0627\u062d\u062f \u0647\u0648 r: \u0646\u0633\u0628\u0629 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0645\u0642\u0633\u0648\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0646\u0633\u0628\u0629 \u0639\u0646\u062f \u0627\u0644\u0625\u064a\u062f\u0627\u0639. \u0648\u0645\u0639 \u0648\u062c\u0648\u062f USDC \u0641\u064a \u0623\u062d\u062f \u0627\u0644\u062c\u0627\u0646\u0628\u064a\u0646\u060c \u062a\u0643\u0648\u0646 r \u0628\u0628\u0633\u0627\u0637\u0629 \u0633\u0639\u0631 ETH \u0627\u0644\u062c\u062f\u064a\u062f \u0645\u0642\u0633\u0648\u0645\u0627\u064b \u0639\u0644\u0649 \u0633\u0639\u0631\u0647 \u0627\u0644\u0642\u062f\u064a\u0645.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ea793fa e-flex e-con-boxed e-con e-parent\" data-id=\"ea793fa\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6ebc748 elementor-widget elementor-widget-heading\" data-id=\"6ebc748\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u0645\u0639\u0627\u062f\u0644\u0629<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0204e2f e-flex e-con-boxed e-con e-parent\" data-id=\"0204e2f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b87d3b9 elementor-widget elementor-widget-text-editor\" data-id=\"b87d3b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (IL) = 2 \u00d7 \u221ar \u00f7 (1 + r) \u2212 1. \u0648\u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0644\u0627 \u062a\u0643\u0648\u0646 \u0645\u0648\u062c\u0628\u0629 \u0623\u0628\u062f\u0627\u064b\u060c \u0648\u062a\u0639\u0637\u064a r \u06481\/r \u0627\u0644\u062c\u0648\u0627\u0628 \u0646\u0641\u0633\u0647\u060c \u0644\u0630\u0644\u0643 \u062a\u0643\u0644\u0651\u0641 \u0627\u0644\u0645\u0636\u0627\u0639\u0641\u0629 \u0648\u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641 5.72% \u0643\u0644\u062a\u0627\u0647\u0645\u0627. \u0648\u0643\u0644\u0645\u0627 \u0627\u062a\u0633\u0639 \u062a\u0628\u0627\u0639\u062f \u0627\u0644\u0633\u0639\u0631 \u0643\u0628\u0631\u062a \u0627\u0644\u062e\u0633\u0627\u0631\u0629: \u0641\u0647\u064a \u062a\u0646\u0645\u0648 \u0628\u0628\u0637\u0621 \u0645\u0639 \u0627\u0644\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0635\u063a\u064a\u0631\u0629 \u0648\u0628\u0633\u0631\u0639\u0629 \u0645\u0639 \u0627\u0644\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0643\u0628\u064a\u0631\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-502d104 e-flex e-con-boxed e-con e-parent\" data-id=\"502d104\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d020afc elementor-widget elementor-widget-ucaddon_blog_yellow_box\" data-id=\"d020afc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_blog_yellow_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Blog Yellow Box -->\n\n<!-- Yellow content box -->\n<div class=\"yellow_content_box\">\n  <img decoding=\"async\" src=\"https:\/\/cdn.arongroups.co\/uploads\/2024\/12\/sms-star.svg\" alt=\"sms-star\">\n  <p>\n    <p><b>\u0646\u0642\u0637\u0629 \u0645\u0647\u0645\u0629<\/b><br>\u062a\u0639\u062a\u0645\u062f \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0645\u062f\u0649 \u062a\u062d\u0631\u0643 \u0646\u0633\u0628\u0629 \u0627\u0644\u0633\u0639\u0631 \u0644\u0627 \u0639\u0644\u0649 \u0627\u062a\u062c\u0627\u0647\u0647\u060c \u0648\u062a\u064f\u0642\u0627\u0633 \u0642\u0628\u0644 \u0627\u0644\u0631\u0633\u0648\u0645. \u0641\u062d\u0631\u0643\u0629 \u0628\u0645\u0642\u062f\u0627\u0631 2x \u062a\u0643\u0644\u0651\u0641 5.72% \u0633\u0648\u0627\u0621 \u062a\u0636\u0627\u0639\u0641 ETH \u0623\u0648 \u0627\u0646\u062e\u0641\u0636 \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641.<\/p>\n  <\/p>\n<\/div>\n<!-- end Blog Yellow Box -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-add11ea e-flex e-con-boxed e-con e-parent\" data-id=\"add11ea\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b801393 elementor-widget elementor-widget-heading\" data-id=\"b801393\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u062c\u062f\u0648\u0644 \u0627\u0644\u062d\u0627\u0633\u0628\u0629: \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0648\u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u0639\u0627\u062f\u0644<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-77f1ea4 e-flex e-con-boxed e-con e-parent\" data-id=\"77f1ea4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1b41b75 elementor-widget elementor-widget-text-editor\" data-id=\"1b41b75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u064a\u0637\u0628\u0651\u0642 \u0627\u0644\u062c\u062f\u0648\u0644 \u0627\u0644\u0645\u0639\u0627\u062f\u0644\u0629 \u0639\u0644\u0649 \u062d\u0631\u0643\u0627\u062a \u0634\u0627\u0626\u0639\u0629 \u0648\u064a\u0636\u064a\u0641 \u0627\u0644\u0631\u0633\u0648\u0645 \u0627\u0644\u0644\u0627\u0632\u0645\u0629 \u0644\u0645\u062c\u0627\u0631\u0627\u0629 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638. \u0648\u0647\u064a 1 \u00f7 (1 + IL) \u2212 1 \u0645\u0646 \u0642\u064a\u0645\u0629 \u0627\u0644\u0645\u0631\u0643\u0632 \u0639\u0646\u062f \u0627\u0644\u062e\u0631\u0648\u062c\u060c \u0623\u064a \u0623\u0643\u062b\u0631 \u0628\u0642\u0644\u064a\u0644 \u0645\u0646 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0646\u0641\u0633\u0647\u0627.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e1db4b1 e-flex e-con-boxed e-con e-parent\" data-id=\"e1db4b1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-222d351 elementor-widget elementor-widget-shortcode\" data-id=\"222d351\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-1096\" class=\"tablepress tablepress-id-1096\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">\u062d\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0631<\/th><th class=\"column-2\">\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/th><th class=\"column-3\">\u0627\u0644\u0631\u0633\u0648\u0645 \u0627\u0644\u0644\u0627\u0632\u0645\u0629 \u0644\u0644\u062a\u0639\u0627\u062f\u0644<\/th><th class=\"column-4\">\u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u00f7 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0639\u0646\u062f \u0631\u0633\u0648\u0645 0.30%<\/th><th class=\"column-5\">\u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u00f7 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0639\u0646\u062f \u0631\u0633\u0648\u0645 0.05%<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1.25x \u0623\u0648 0.8x<\/td><td class=\"column-2\">\u0646\u0627\u0642\u0635 0.62%<\/td><td class=\"column-3\">0.62%<\/td><td class=\"column-4\">2x<\/td><td class=\"column-5\">12x<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">1.5x \u0623\u0648 0.667x<\/td><td class=\"column-2\">\u0646\u0627\u0642\u0635 2.02%<\/td><td class=\"column-3\">2.06%<\/td><td class=\"column-4\">7x<\/td><td class=\"column-5\">41x<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">2x \u0623\u0648 0.5x<\/td><td class=\"column-2\">\u0646\u0627\u0642\u0635 5.72%<\/td><td class=\"column-3\">6.07%<\/td><td class=\"column-4\">20x<\/td><td class=\"column-5\">121x<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">3x \u0623\u0648 0.333x<\/td><td class=\"column-2\">\u0646\u0627\u0642\u0635 13.40%<\/td><td class=\"column-3\">15.47%<\/td><td class=\"column-4\">52x<\/td><td class=\"column-5\">309x<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">4x \u0623\u0648 0.25x<\/td><td class=\"column-2\">\u0646\u0627\u0642\u0635 20.00%<\/td><td class=\"column-3\">25.00%<\/td><td class=\"column-4\">83x<\/td><td class=\"column-5\">500x<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">5x \u0623\u0648 0.2x<\/td><td class=\"column-2\">\u0646\u0627\u0642\u0635 25.46%<\/td><td class=\"column-3\">34.16%<\/td><td class=\"column-4\">114x<\/td><td class=\"column-5\">683x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-1096 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3433f69 e-flex e-con-boxed e-con e-parent\" data-id=\"3433f69\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7b8bef2 elementor-widget elementor-widget-text-editor\" data-id=\"7b8bef2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align:center\"><i>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0648\u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u0639\u0627\u062f\u0644 \u0644\u0645\u062c\u0645\u0639 \u062d\u0627\u0635\u0644 \u0636\u0631\u0628 \u062b\u0627\u0628\u062a \u0628\u0646\u0633\u0628\u0629 50\/50\u061b \u0643\u0644 \u0647\u0628\u0648\u0637 \u0647\u0648 \u0627\u0644\u0645\u0642\u0644\u0648\u0628 \u0627\u0644\u062f\u0642\u064a\u0642 \u0644\u0635\u0639\u0648\u062f\u0647. \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0647\u0648 \u0625\u062c\u0645\u0627\u0644\u064a \u0645\u0627 \u062a\u064f\u062f\u0648\u0648\u0644 \u0623\u062b\u0646\u0627\u0621 \u0648\u062c\u0648\u062f\u0643 \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639\u060c \u0643\u0645\u0636\u0627\u0639\u0641 \u0644\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0642\u0628\u0644 \u0631\u0633\u0648\u0645 \u0627\u0644\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644.<\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1099e0d e-flex e-con-boxed e-con e-parent\" data-id=\"1099e0d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-94c3a18 elementor-widget elementor-widget-heading\" data-id=\"94c3a18\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0645\u062b\u0627\u0644 \u0645\u0635\u063a\u0651\u0631: \u062d\u0633\u0627\u0628 \u0645\u0631\u0643\u0632 2026 \u064a\u062f\u0648\u064a\u0627\u064b<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fcc0849 e-flex e-con-boxed e-con e-parent\" data-id=\"fcc0849\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d752198 elementor-widget elementor-widget-text-editor\" data-id=\"d752198\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0641\u064a \u0627\u0644\u0645\u0631\u0643\u0632 \u0623\u0639\u0644\u0627\u0647\u060c \u0623\u063a\u0644\u0642 ETH \u0639\u0646\u062f 2,967.04 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0641\u064a 31 \u062f\u064a\u0633\u0645\u0628\u0631 2025 \u0648\u0639\u0646\u062f 2,420.56 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0641\u064a 16 \u0623\u0643\u062a\u0648\u0628\u0631 2026\u060c \u0625\u0630\u0646 r = 2,420.56 \u00f7 2,967.04 = 0.8158.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d50b3e6 e-flex e-con-boxed e-con e-parent\" data-id=\"d50b3e6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8a3b2e5 elementor-widget elementor-widget-text-editor\" data-id=\"8a3b2e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0628\u0639\u062f \u0630\u0644\u0643 \u221ar = 0.9032\u060c \u0641\u064a\u0643\u0648\u0646 2 \u00d7 \u221ar = 1.8064. \u0627\u0642\u0633\u0645 \u0639\u0644\u0649 1 + r = 1.8158 \u0644\u062a\u062d\u0635\u0644 \u0639\u0644\u0649 0.9948\u060c \u062b\u0645 \u0627\u0637\u0631\u062d 1: \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0647\u064a \u0646\u0627\u0642\u0635 0.52%. \u0648\u0642\u064a\u0645\u0629 \u0627\u0644\u0645\u0631\u0643\u0632 10,000 \u062f\u0648\u0644\u0627\u0631 \u00d7 0.9032 = 9,032 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u0645\u0642\u0627\u0628\u0644 9,079 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u0635\u0644\u064a\u0629 \u0644\u0648 \u0627\u062d\u062a\u064f\u0641\u0638 \u0628\u0647\u0627.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-85092dc e-flex e-con-boxed e-con e-parent\" data-id=\"85092dc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d52518 elementor-widget elementor-widget-text-editor\" data-id=\"6d52518\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0641\u0625\u0646 \u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u0639\u0627\u062f\u0644 \u0647\u064a 47 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u0623\u0648 0.52% \u0645\u0646 \u0627\u0644\u0645\u0631\u0643\u0632. \u0648\u0641\u064a \u0646\u0647\u0627\u064a\u0629 \u064a\u0648\u0646\u064a\u0648 \u0623\u0639\u0637\u062a \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a \u0646\u0641\u0633\u0647\u0627 372 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u0641\u0643\u0627\u0646 \u0645\u0632\u0648\u0651\u062f \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u064a\u062d\u062a\u0627\u062c \u062d\u064a\u0646\u0647\u0627 \u0625\u0644\u0649 \u0631\u0633\u0648\u0645 \u062a\u0639\u0627\u062f\u0644 5.11%.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6f5d715 e-flex e-con-boxed e-con e-parent\" data-id=\"6f5d715\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ada958 elementor-widget elementor-widget-image\" data-id=\"1ada958\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1600\" height=\"900\" src=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-2.png\" class=\"attachment-full size-full wp-image-200050\" alt=\"\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0627 \u062a\u0647\u062a\u0645 \u0628\u0627\u0644\u0627\u062a\u062c\u0627\u0647: \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641 \u064a\u0643\u0644\u0651\u0641 \u0645\u0627 \u062a\u0643\u0644\u0651\u0641\u0647 \u0627\u0644\u0645\u0636\u0627\u0639\u0641\u0629\u060c \u0648\u0645\u062b\u0627\u0644 2026 \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u064a\u0639\u0637\u064a \u0628\u0627\u0644\u062d\u0633\u0627\u0628 \u0627\u0644\u064a\u062f\u0648\u064a \u0646\u0627\u0642\u0635 0.52%.\" srcset=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-2.png 1600w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-2-300x169.png 300w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-2-1024x576.png 1024w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-2-768x432.png 768w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-2-1536x864.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0627 \u062a\u0647\u062a\u0645 \u0628\u0627\u0644\u0627\u062a\u062c\u0627\u0647: \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641 \u064a\u0643\u0644\u0651\u0641 \u0645\u0627 \u062a\u0643\u0644\u0651\u0641\u0647 \u0627\u0644\u0645\u0636\u0627\u0639\u0641\u0629\u060c \u0648\u0645\u062b\u0627\u0644 2026 \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u064a\u0639\u0637\u064a \u0628\u0627\u0644\u062d\u0633\u0627\u0628 \u0627\u0644\u064a\u062f\u0648\u064a \u0646\u0627\u0642\u0635 0.52%.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-85e26c5 e-flex e-con-boxed e-con e-parent\" data-id=\"85e26c5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4e11bda elementor-widget elementor-widget-heading\" data-id=\"4e11bda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u062f\u062e\u0644 \u0627\u0644\u0631\u0633\u0648\u0645 \u0627\u0644\u0644\u0627\u0632\u0645 \u0644\u0644\u062a\u0639\u0627\u062f\u0644<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6fc9eca e-flex e-con-boxed e-con e-parent\" data-id=\"6fc9eca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c0c2f47 elementor-widget elementor-widget-text-editor\" data-id=\"c0c2f47\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u0631\u0633\u0648\u0645 \u062d\u0635\u0629 \u0645\u0646 \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0644\u0630\u0644\u0643 \u064a\u0639\u062a\u0645\u062f \u0627\u0644\u062a\u0639\u0627\u062f\u0644 \u0639\u0644\u0649 \u062d\u062c\u0645 \u0645\u0627 \u064a\u062a\u062f\u0627\u0648\u0644\u0647 \u0627\u0644\u0645\u062c\u0645\u0639 \u0646\u0633\u0628\u0629\u064b \u0625\u0644\u0649 \u062d\u062c\u0645\u0647. \u0641\u0639\u0646\u062f \u0631\u0633\u0648\u0645 0.30%\u060c \u062a\u062d\u062a\u0627\u062c \u062d\u0631\u0643\u0629 \u0628\u0645\u0642\u062f\u0627\u0631 2x \u0625\u0644\u0649 \u062d\u062c\u0645 \u062a\u062f\u0627\u0648\u0644 \u064a\u0628\u0644\u063a \u0646\u062d\u0648 20 \u0636\u0639\u0641 \u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u062c\u0645\u0639\u061b \u0648\u0639\u0646\u062f 0.05%\u060c \u0646\u062d\u0648 121 \u0636\u0639\u0641\u0627\u064b. \u0648\u0628\u0639\u062f \u062a\u0635\u0648\u064a\u062a\u0627\u062a \u0627\u0644\u062d\u0648\u0643\u0645\u0629 \u0641\u064a \u062f\u064a\u0633\u0645\u0628\u0631 2025 \u0648\u0645\u0627\u0631\u0633 2026\u060c \u0635\u0627\u0631\u062a Uniswap \u062a\u0641\u0631\u0636 \u0631\u0633\u0648\u0645 \u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644 \u0639\u0644\u0649 \u0645\u062c\u0645\u0639\u0627\u062a v2 \u0648v3 \u0639\u0644\u0649 \u0625\u064a\u062b\u0631\u064a\u0648\u0645 \u0648\u0639\u062f\u0629 \u0634\u0628\u0643\u0627\u062a \u0623\u062e\u0631\u0649.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2787669 e-flex e-con-boxed e-con e-parent\" data-id=\"2787669\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-76109a0 elementor-widget elementor-widget-text-editor\" data-id=\"76109a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0647\u0646\u0627\u0643 \u064a\u062d\u062a\u0641\u0638 \u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0628\u06400.25% \u0645\u0646 \u0631\u0633\u0648\u0645 0.30% \u0648\u0628\u06400.0375% \u0645\u0646 \u0631\u0633\u0648\u0645 0.05%\u060c \u0645\u0627 \u064a\u0631\u0641\u0639 \u0645\u0636\u0627\u0639\u0641\u0627\u062a \u062d\u0631\u0643\u0629 2x \u0625\u0644\u0649 \u0646\u062d\u0648 24 \u0648162 \u0636\u0639\u0641\u0627\u064b. \u0648\u0641\u064a 19 \u0623\u0643\u062a\u0648\u0628\u0631 2026 \u0623\u062f\u0631\u062c \u0627\u0644\u0645\u062a\u062a\u0628\u0639 \u0646\u0641\u0633\u0647 \u0645\u062c\u0645\u0639 USDC-WETH \u0628\u0646\u0633\u0628\u0629 0.05% \u0639\u0644\u0649 Uniswap v3 \u0639\u0644\u0649 \u0625\u064a\u062b\u0631\u064a\u0648\u0645 \u0628\u0633\u064a\u0648\u0644\u0629 \u062a\u0628\u0644\u063a 82.3 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631. \u0648\u064a\u0634\u064a\u0631 \u0645\u062a\u0648\u0633\u0637 \u0639\u0627\u0626\u062f\u0647 \u0644\u062b\u0644\u0627\u062b\u064a\u0646 \u064a\u0648\u0645\u0627\u064b \u0627\u0644\u0628\u0627\u0644\u063a 8.55% \u0625\u0644\u0649 \u062d\u062c\u0645 \u062a\u062f\u0627\u0648\u0644 \u064a\u0639\u0627\u062f\u0644 \u0646\u062d\u0648 170 \u0625\u0644\u0649 230 \u0636\u0639\u0641 \u0633\u064a\u0648\u0644\u062a\u0647 \u0641\u064a \u0627\u0644\u0633\u0646\u0629\u060c \u0628\u062d\u0633\u0628 \u0631\u0633\u0648\u0645 \u0627\u0644\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644. \u0648\u0647\u0630\u0627 \u0645\u062a\u0648\u0633\u0637: \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0642\u0631\u064a\u0628\u0629 \u0645\u0646 \u0627\u0644\u0633\u0639\u0631 \u062a\u0643\u0633\u0628 \u0623\u0643\u062b\u0631\u060c \u0648\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0643\u0627\u0645\u0644 \u0623\u0642\u0644.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2cdcda1 e-flex e-con-boxed e-con e-parent\" data-id=\"2cdcda1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fe0404d elementor-widget elementor-widget-heading\" data-id=\"fe0404d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u0631\u0633\u0648\u0645 \u0647\u064a \u0627\u0644\u0648\u062c\u0647 \u0627\u0644\u0622\u062e\u0631 \u0644\u0644\u0631\u0647\u0627\u0646<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3960ea1 e-flex e-con-boxed e-con e-parent\" data-id=\"3960ea1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1021d05 elementor-widget elementor-widget-text-editor\" data-id=\"1021d05\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u062a\u0648\u0641\u064a\u0631 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0631\u0647\u0627\u0646 \u0639\u0644\u0649 \u0623\u0646 \u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0648\u0623\u064a \u0645\u0643\u0627\u0641\u0622\u062a\u060c \u0633\u062a\u0641\u0648\u0642 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629. \u0641\u0627\u0644\u0631\u0633\u0648\u0645 \u062a\u0635\u0644 \u0628\u0627\u0646\u062a\u0638\u0627\u0645 \u0645\u0639 \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u0635\u0644 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0645\u0639 \u0627\u0644\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0633\u0639\u0631\u064a\u0629 \u0627\u0644\u0643\u0628\u064a\u0631\u0629. \u0648\u0645\u062c\u0645\u0639 \u0646\u0634\u0637 \u0641\u064a \u0633\u0648\u0642 \u0639\u0631\u0636\u064a \u064a\u0646\u0627\u0633\u0628 \u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629\u061b \u0623\u0645\u0627 \u0627\u0644\u0633\u0648\u0642 \u0630\u0648 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0642\u0648\u064a \u0641\u0644\u0627. \u0648\u0627\u0644\u0639\u0627\u0626\u062f \u0627\u0644\u0630\u064a \u0644\u0627 \u064a\u0645\u0644\u0643 \u0645\u0635\u062f\u0631\u0627\u064b \u0648\u0627\u0636\u062d\u0627\u064b \u0645\u0646 \u0631\u0633\u0648\u0645 \u062d\u0642\u064a\u0642\u064a\u0629 \u064a\u0646\u0628\u063a\u064a \u0623\u0646 \u064a\u062b\u064a\u0631 \u0627\u0644\u0634\u0643\u060c \u0643\u0645\u0627 \u062a\u0639\u0644\u0651\u0645\u0646\u0627 <a href=\"https:\/\/arongroups.co\/ar\/market-analysis\/what-is-ponzi-schemes\/\">\u0645\u062e\u0637\u0637\u0627\u062a \u0628\u0648\u0646\u0632\u064a<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3369601 e-flex e-con-boxed e-con e-parent\" data-id=\"3369601\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e0345d elementor-widget elementor-widget-heading\" data-id=\"1e0345d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0645\u0646 \u064a\u0643\u0633\u0628 \u0627\u0644\u0631\u0633\u0648\u0645<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6d8b1ba e-flex e-con-boxed e-con e-parent\" data-id=\"6d8b1ba\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-33342b5 elementor-widget elementor-widget-text-editor\" data-id=\"33342b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0644\u0627 \u062a\u064f\u062a\u0642\u0627\u0633\u0645 \u0627\u0644\u0631\u0633\u0648\u0645 \u0628\u0627\u0644\u062a\u0633\u0627\u0648\u064a. \u0641\u0642\u062f \u0648\u062c\u062f\u062a \u0648\u0631\u0642\u0629 \u0639\u0645\u0644 \u0644\u0628\u0646\u0643 \u0627\u0644\u062a\u0633\u0648\u064a\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u064a\u0629 (BIS) \u0641\u064a \u0646\u0648\u0641\u0645\u0628\u0631 2024 \u0623\u0646 \u0627\u0644\u0645\u0634\u0627\u0631\u0643\u064a\u0646 \u0627\u0644\u0645\u062d\u062a\u0631\u0641\u064a\u0646 \u0648\u0641\u0651\u0631\u0648\u0627 65% \u0625\u0644\u0649 85% \u0645\u0646 \u0633\u064a\u0648\u0644\u0629 Uniswap v3. \u0648\u0644\u0645 \u064a\u062d\u0635\u0644 \u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0623\u0641\u0631\u0627\u062f \u0625\u0644\u0627 \u0639\u0644\u0649 10% \u0625\u0644\u0649 25% \u0645\u0646 \u0627\u0644\u0631\u0633\u0648\u0645\u060c \u0648\u062e\u0633\u0631\u0648\u0627 \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0645\u0639\u062f\u0651\u0644 \u0628\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0641\u064a \u0623\u0643\u062b\u0631 \u0645\u0646 \u0646\u0635\u0641 \u0627\u0644\u0623\u064a\u0627\u0645 \u0627\u0644\u0645\u062f\u0631\u0648\u0633\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1a7e62b e-flex e-con-boxed e-con e-parent\" data-id=\"1a7e62b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c2fe3b4 elementor-widget elementor-widget-text-editor\" data-id=\"c2fe3b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u064a\u0636\u0639 \u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u062d\u062a\u0631\u0641\u0648\u0646 \u0646\u0637\u0627\u0642\u0627\u062a \u0636\u064a\u0642\u0629 \u0642\u0631\u0628 \u0633\u0639\u0631 \u0627\u0644\u0633\u0648\u0642\u060c \u062d\u064a\u062b \u064a\u062d\u062f\u062b \u0645\u0639\u0638\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644. \u0648\u0634\u0647\u062f \u0623\u0646\u0634\u0637 \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a\u060c ETH\/USDC \u0628\u0646\u0633\u0628\u0629 0.05%\u060c \u0646\u062d\u0648 40% \u0645\u0646 \u0635\u0641\u0642\u0627\u062a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0644\u062d\u0638\u064a\u0629 (Just-in-Time) \u0641\u064a \u0627\u0644\u062f\u0631\u0627\u0633\u0629: \u0645\u0631\u0627\u0643\u0632 \u062a\u064f\u0636\u0627\u0641 \u0644\u0635\u0641\u0642\u0629 \u0645\u0628\u0627\u062f\u0644\u0629 \u0648\u0627\u062d\u062f\u0629 \u0643\u0628\u064a\u0631\u0629 \u0648\u062a\u064f\u0633\u062d\u0628 \u0628\u0639\u062f\u0647\u0627 \u0645\u0628\u0627\u0634\u0631\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2b1b906 e-flex e-con-boxed e-con e-parent\" data-id=\"2b1b906\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7627afe elementor-widget elementor-widget-heading\" data-id=\"7627afe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0645\u062c\u0645\u0639 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u062a\u062e\u0632\u064a\u0646<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7cfb3f1 e-flex e-con-boxed e-con e-parent\" data-id=\"7cfb3f1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-af52c64 elementor-widget elementor-widget-text-editor\" data-id=\"af52c64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u064a\u0636\u0639 \u0627\u0644\u062a\u062e\u0632\u064a\u0646 (Staking) \u0648\u062a\u0648\u0641\u064a\u0631 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0643\u0644\u0627\u0647\u0645\u0627 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0641\u064a \u0627\u0644\u0639\u0645\u0644 \u0645\u0642\u0627\u0628\u0644 \u0639\u0627\u0626\u062f\u060c \u0644\u0643\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u062a\u062e\u062a\u0644\u0641. \u0641\u062a\u062e\u0632\u064a\u0646 ETH \u064a\u0643\u0633\u0628 \u0645\u0643\u0627\u0641\u0622\u062a \u0627\u0644\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0645\u0633\u0627\u0639\u062f\u0629 \u0641\u064a \u062a\u0623\u0645\u064a\u0646 \u0627\u0644\u0634\u0628\u0643\u0629\u060c \u0645\u0639 \u062a\u0639\u0631\u0651\u0636 \u0643\u0627\u0645\u0644 \u0644\u0639\u0645\u0644\u0629 \u0648\u0627\u062d\u062f\u0629 \u0648\u062f\u0648\u0646 \u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629\u060c \u0648\u0647\u0648 \u064a\u0634\u0628\u0647 \u0641\u064a \u0645\u0646\u0637\u0642\u0647 <a href=\"https:\/\/arongroups.co\/ar\/crypto-market\/block-reward-explained\/\">\u0645\u0643\u0627\u0641\u0623\u0629 \u0627\u0644\u0643\u062a\u0644\u0629<\/a> \u0627\u0644\u062a\u064a \u064a\u062d\u0635\u0644 \u0639\u0644\u064a\u0647\u0627 \u0627\u0644\u0645\u0639\u062f\u0651\u0646\u0648\u0646 \u0641\u064a \u0634\u0628\u0643\u0627\u062a \u0623\u062e\u0631\u0649. \u0648\u0642\u062f\u0651\u0631 \u0648\u0635\u0641 \u0647\u064a\u0626\u0629 \u0627\u0644\u0633\u0644\u0648\u0643 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0628\u0631\u064a\u0637\u0627\u0646\u064a\u0629 (FCA) \u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0641\u064a \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629\u060c \u0627\u0644\u0635\u0627\u062f\u0631 \u0641\u064a \u064a\u0648\u0644\u064a\u0648 2026\u060c \u062a\u0644\u0643 \u0627\u0644\u0645\u0643\u0627\u0641\u0622\u062a \u0628\u0646\u062d\u0648 1.5% \u0625\u0644\u0649 4% \u0633\u0646\u0648\u064a\u0627\u064b \u0641\u064a \u0623\u063a\u0633\u0637\u0633 2025.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3396da9 e-flex e-con-boxed e-con e-parent\" data-id=\"3396da9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-26b5a46 elementor-widget elementor-widget-text-editor\" data-id=\"26b5a46\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0623\u0645\u0627 \u0627\u0644\u0645\u062c\u0645\u0639 \u0641\u064a\u062f\u0641\u0639 \u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0648\u0623\u062d\u064a\u0627\u0646\u0627\u064b \u062a\u064f\u0636\u0627\u0641 \u0625\u0644\u064a\u0647\u0627 \u0639\u0645\u0644\u0627\u062a \u0645\u064f\u0635\u062f\u0631\u0629 \u062d\u062f\u064a\u062b\u0627\u064b. \u0648\u062a\u0633\u0645\u064a \u0627\u0644\u0647\u064a\u0626\u0629 \u0630\u0644\u0643 \u062a\u0639\u062f\u064a\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0648\u064a\u064f\u0639\u0631\u0641 \u0623\u064a\u0636\u0627\u064b \u0628\u0632\u0631\u0627\u0639\u0629 \u0627\u0644\u0639\u0627\u0626\u062f\u060c \u0648\u062a\u062d\u0630\u0631 \u0645\u0646 \u0645\u062e\u0627\u0637\u0631 \u0645\u0646\u0647\u0627 \u062a\u0642\u0644\u0628 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0648\u062b\u063a\u0631\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c8e7461 e-flex e-con-boxed e-con e-parent\" data-id=\"c8e7461\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b4ceb5 elementor-widget elementor-widget-shortcode\" data-id=\"9b4ceb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-1097\" class=\"tablepress tablepress-id-1097\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">\u0627\u0644\u0645\u064a\u0632\u0629<\/th><th class=\"column-2\">\u062a\u0648\u0641\u064a\u0631 \u0627\u0644\u0633\u064a\u0648\u0644\u0629<\/th><th class=\"column-3\">\u062a\u062e\u0632\u064a\u0646 ETH<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">\u0645\u0627 \u062a\u0643\u0633\u0628\u0647<\/td><td class=\"column-2\">\u062d\u0635\u0629 \u0645\u0646 \u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0648\u0623\u062d\u064a\u0627\u0646\u0627\u064b \u0639\u0645\u0644\u0627\u062a \u0645\u0643\u0627\u0641\u0623\u0629<\/td><td class=\"column-3\">\u0645\u0643\u0627\u0641\u0622\u062a \u0627\u0644\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u060c \u0646\u062d\u0648 1.5% \u0625\u0644\u0649 4% \u0633\u0646\u0648\u064a\u0627\u064b<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">\u0627\u0644\u062a\u0639\u0631\u0651\u0636 \u0644\u0644\u0633\u0639\u0631<\/td><td class=\"column-2\">\u0639\u0645\u0644\u062a\u0627\u0646 \u064a\u0639\u064a\u062f \u0627\u0644\u0645\u062c\u0645\u0639 \u062a\u0648\u0627\u0632\u0646\u0647\u0645\u0627<\/td><td class=\"column-3\">\u0639\u0645\u0644\u0629 \u0648\u0627\u062d\u062f\u0629 \u0645\u062d\u062a\u0641\u0638 \u0628\u0647\u0627 \u0643\u0627\u0645\u0644\u0629<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/td><td class=\"column-2\">\u0646\u0639\u0645\u060c \u0648\u062a\u064f\u0642\u0627\u0633 \u0642\u0628\u0644 \u0627\u0644\u0631\u0633\u0648\u0645<\/td><td class=\"column-3\">\u0644\u0627 \u062a\u0648\u062c\u062f<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">\u0645\u062e\u0627\u0637\u0631 \u0625\u0636\u0627\u0641\u064a\u0629<\/td><td class=\"column-2\">\u062e\u0633\u0627\u0626\u0631 \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0629\u060c \u0641\u0643 \u0627\u0644\u0631\u0628\u0637\u060c \u062b\u063a\u0631\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629<\/td><td class=\"column-3\">\u0637\u0648\u0627\u0628\u064a\u0631 \u062e\u0631\u0648\u062c \u0642\u062f \u062a\u0645\u062a\u062f \u0623\u0633\u0627\u0628\u064a\u0639\u060c \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a (Slashing)\u060c \u062b\u063a\u0631\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">\u0645\u062a\u0649 \u064a\u062a\u0641\u0648\u0642 \u0639\u0644\u0649 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638<\/td><td class=\"column-2\">\u0639\u0646\u062f\u0645\u0627 \u062a\u0641\u0648\u0642 \u0627\u0644\u0631\u0633\u0648\u0645 \u0648\u0627\u0644\u0645\u0643\u0627\u0641\u0622\u062a \u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u062a\u0628\u0627\u0639\u062f<\/td><td class=\"column-3\">\u0639\u0646\u062f\u0645\u0627 \u062a\u0641\u0648\u0642 \u0627\u0644\u0645\u0643\u0627\u0641\u0622\u062a \u0631\u0633\u0648\u0645 \u0627\u0644\u0645\u0634\u063a\u0651\u0644 \u0648\u062e\u0633\u0627\u0626\u0631 \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-1097 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-454e1af e-flex e-con-boxed e-con e-parent\" data-id=\"454e1af\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f6bc2a1 elementor-widget elementor-widget-text-editor\" data-id=\"f6bc2a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align:center\"><i>\u0645\u062c\u0645\u0639 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u062a\u062e\u0632\u064a\u0646\u061b \u0639\u0627\u0626\u062f \u0627\u0644\u062a\u062e\u0632\u064a\u0646 \u0645\u0646 \u0647\u064a\u0626\u0629 FCA (\u0625\u064a\u062b\u0631\u064a\u0648\u0645\u060c \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u063a\u0633\u0637\u0633 2025).<\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4f48395 e-flex e-con-boxed e-con e-parent\" data-id=\"4f48395\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0927466 elementor-widget elementor-widget-heading\" data-id=\"0927466\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u0631\u0643\u0651\u0632\u0629: \u0631\u0633\u0648\u0645 \u0623\u0643\u062b\u0631 \u0648\u062e\u0633\u0627\u0626\u0631 \u0623\u0643\u0628\u0631<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a6e99d4 e-flex e-con-boxed e-con e-parent\" data-id=\"a6e99d4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4a0eca2 elementor-widget elementor-widget-text-editor\" data-id=\"4a0eca2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u0631\u0643\u0651\u0632\u0629 \u0644\u0627 \u062a\u0642\u0644\u0651\u0644 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0628\u0644 \u062a\u0636\u062e\u0651\u0645\u0647\u0627. \u0641\u0645\u0646\u0630 \u0625\u0637\u0644\u0627\u0642 Uniswap v3 \u0639\u0627\u0645 2021\u060c \u0635\u0627\u0631 \u0628\u0625\u0645\u0643\u0627\u0646 \u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u062d\u0635\u0631 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0641\u064a \u0646\u0637\u0627\u0642 \u0633\u0639\u0631\u064a \u064a\u0639\u0645\u0644 \u0641\u064a\u0647 \u0643\u0623\u0646\u0647 \u0645\u062c\u0645\u0639 \u0623\u0643\u0628\u0631 \u0628\u0643\u062b\u064a\u0631. \u0648\u0642\u062f \u0642\u0627\u0644 \u0645\u0646\u0634\u0648\u0631 \u0627\u0644\u0625\u0637\u0644\u0627\u0642 \u0627\u0644\u062e\u0627\u0635 \u0628\u0640Uniswap \u0646\u0641\u0633\u0647 \u0625\u0646 \u0627\u0644\u0643\u0641\u0627\u0621\u0629 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0623\u0639\u0644\u0649 \u062a\u0639\u0646\u064a \u062a\u062d\u0645\u0651\u0644 \u0645\u062e\u0627\u0637\u0631 \u0633\u0639\u0631\u064a\u0629 \u0623\u0643\u0628\u0631.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9c61b03 e-flex e-con-boxed e-con e-parent\" data-id=\"9c61b03\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf8ac98 elementor-widget elementor-widget-text-editor\" data-id=\"cf8ac98\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u062e\u0630 10,000 \u062f\u0648\u0644\u0627\u0631 \u0639\u0646\u062f \u0625\u063a\u0644\u0627\u0642 ETH \u0641\u064a 16 \u0623\u0643\u062a\u0648\u0628\u0631 \u0641\u064a \u0646\u0637\u0627\u0642 \u0645\u0646 1,936.45 \u0625\u0644\u0649 3,025.70 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u0623\u064a 20% \u062a\u062d\u062a \u0627\u0644\u0633\u0639\u0631 \u064825% \u0641\u0648\u0642\u0647. \u064a\u062d\u0645\u0644 \u0647\u0630\u0627 \u0627\u0644\u0645\u0631\u0643\u0632 9.47 \u0636\u0639\u0641 \u0633\u064a\u0648\u0644\u0629 \u0645\u0631\u0643\u0632 \u0627\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0643\u0627\u0645\u0644\u060c \u0641\u064a\u0643\u0633\u0628 \u0646\u062d\u0648 9.47 \u0636\u0639\u0641 \u0627\u0644\u0631\u0633\u0648\u0645 \u0645\u0627 \u062f\u0627\u0645 ETH \u062f\u0627\u062e\u0644\u0647. \u0648\u0639\u0646\u062f \u0623\u064a \u0645\u0646 \u0627\u0644\u062d\u0627\u0641\u062a\u064a\u0646 \u064a\u0643\u0648\u0646 \u0645\u062a\u062e\u0644\u0641\u0627\u064b \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0646\u0633\u0628\u0629 5.87%\u060c \u0645\u0642\u0627\u0628\u0644 0.62% \u0644\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0643\u0627\u0645\u0644.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0ead177 e-flex e-con-boxed e-con e-parent\" data-id=\"0ead177\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f0f121 elementor-widget elementor-widget-text-editor\" data-id=\"9f0f121\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u062e\u0627\u0631\u062c \u0627\u0644\u0646\u0637\u0627\u0642 \u0644\u0627 \u064a\u0643\u0633\u0628 \u0627\u0644\u0645\u0631\u0643\u0632 \u0634\u064a\u0626\u0627\u064b \u0648\u064a\u062d\u062a\u0641\u0638 \u0628\u0639\u0645\u0644\u0629 \u0648\u0627\u062d\u062f\u0629. \u0641\u062a\u062d\u062a 1,936.45 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u064a\u0635\u0628\u062d 4.3751 ETH\u060c \u0623\u064a \u0627\u0644\u0623\u0635\u0644 \u0627\u0644\u0647\u0627\u0628\u0637\u061b \u0648\u0641\u0648\u0642 3,025.70 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u064a\u0635\u0628\u062d 10,590.17 \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0645\u0646 USDC \u0648\u064a\u0641\u0648\u0651\u062a \u0627\u0644\u0635\u0639\u0648\u062f. \u0648\u0628\u0639\u062f \u0627\u0646\u062e\u0641\u0627\u0636 \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641 \u062a\u0628\u0644\u063a \u0627\u0644\u062e\u0633\u0627\u0631\u0629 29.40%\u060c \u0645\u0642\u0627\u0628\u0644 5.72% \u0644\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0643\u0627\u0645\u0644.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bf2166a e-flex e-con-boxed e-con e-parent\" data-id=\"bf2166a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c06cd28 elementor-widget elementor-widget-image\" data-id=\"c06cd28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1600\" height=\"900\" src=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-3.png\" class=\"attachment-full size-full wp-image-200054\" alt=\"\u0627\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0636\u064a\u0642 \u064a\u0643\u0633\u0628 9.47 \u0636\u0639\u0641 \u0627\u0644\u0631\u0633\u0648\u0645 \u062f\u0627\u062e\u0644 \u0627\u0644\u0646\u0637\u0627\u0642\u060c \u0644\u0643\u0646\u0647 \u064a\u062e\u0633\u0631 5.87% \u0639\u0646\u062f \u062d\u0627\u0641\u062a\u064a\u0647 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 0.62%.\" srcset=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-3.png 1600w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-3-300x169.png 300w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-3-1024x576.png 1024w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-3-768x432.png 768w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-3-1536x864.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">\u0627\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0636\u064a\u0642 \u064a\u0643\u0633\u0628 9.47 \u0636\u0639\u0641 \u0627\u0644\u0631\u0633\u0648\u0645 \u062f\u0627\u062e\u0644 \u0627\u0644\u0646\u0637\u0627\u0642\u060c \u0644\u0643\u0646\u0647 \u064a\u062e\u0633\u0631 5.87% \u0639\u0646\u062f \u062d\u0627\u0641\u062a\u064a\u0647 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 0.62%.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4913a74 e-flex e-con-boxed e-con e-parent\" data-id=\"4913a74\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f48599d elementor-widget elementor-widget-heading\" data-id=\"f48599d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0645\u0627\u0630\u0627 \u062a\u0642\u0648\u0644 \u0627\u0644\u0623\u062f\u0644\u0629<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-278581c e-flex e-con-boxed e-con e-parent\" data-id=\"278581c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-48205f1 elementor-widget elementor-widget-text-editor\" data-id=\"48205f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u062c\u062f\u062a \u062f\u0631\u0627\u0633\u0629 \u0645\u0628\u0643\u0631\u0629 \u0639\u0646 Uniswap v3 \u0623\u0646 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0641\u0627\u0642\u062a \u0627\u0644\u0631\u0633\u0648\u0645. \u0641\u0642\u062f \u0641\u062d\u0635 \u0644\u0648\u0634 \u0648\u0647\u064a\u0646\u062f\u0645\u0627\u0646 \u0648\u0631\u064a\u062a\u0634\u0627\u0631\u062f\u0633\u0648\u0646 \u0648\u0648\u064a\u0644\u0634\u060c \u0628\u0627\u0644\u062a\u0639\u0627\u0648\u0646 \u0645\u0639 Bancor\u060c 17 \u0645\u062c\u0645\u0639\u0627\u064b \u064a\u0636\u0645 43% \u0645\u0646 \u0648\u062f\u0627\u0626\u0639\u0647\u0627 \u0628\u064a\u0646 \u0645\u0627\u064a\u0648 \u0648\u0633\u0628\u062a\u0645\u0628\u0631 2021. \u0643\u0633\u0628 \u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 199.3 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0645\u0646 \u0627\u0644\u0631\u0633\u0648\u0645 \u0644\u0643\u0646\u0647\u0645 \u062a\u0643\u0628\u062f\u0648\u0627 260.1 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0645\u0646 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u060c \u0648\u062d\u0642\u0642 49.5% \u0645\u0646\u0647\u0645 \u0639\u0648\u0627\u0626\u062f \u0633\u0644\u0628\u064a\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-603895b e-flex e-con-boxed e-con e-parent\" data-id=\"603895b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-43f596c elementor-widget elementor-widget-text-editor\" data-id=\"43f596c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u062a\u0633\u062a\u0634\u0647\u062f \u0645\u0631\u0627\u062c\u0639\u0629 \u0647\u064a\u0626\u0629 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 (ESMA) \u0644\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a \u0639\u0627\u0645 2023 \u0628\u062a\u0644\u0643 \u0627\u0644\u062f\u0631\u0627\u0633\u0629\u060c \u0648\u062a\u062d\u0630\u0631 \u0645\u0646 \u0623\u0646 \u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0642\u062f \u0644\u0627 \u064a\u0641\u0647\u0645\u0648\u0646 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0641\u0631\u0635\u0629 \u0627\u0644\u0628\u062f\u064a\u0644\u0629. \u0648\u0641\u064a \u0645\u062c\u0645\u0639\u0627\u062a \u0645\u0639\u064a\u0646\u0629\u060c \u0643\u0645\u0627 \u062a\u0641\u064a\u062f\u060c \u062e\u0633\u0631 \u0645\u0627 \u064a\u0635\u0644 \u0625\u0644\u0649 70% \u0625\u0644\u0649 75% \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u064a\u0646 \u0628\u0633\u0628\u0628 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0623\u0643\u062b\u0631 \u0645\u0645\u0627 \u0643\u0633\u0628\u0648\u0647 \u0645\u0646 \u0627\u0644\u0631\u0633\u0648\u0645.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-854c9b4 e-flex e-con-boxed e-con e-parent\" data-id=\"854c9b4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fc8e812 elementor-widget elementor-widget-heading\" data-id=\"fc8e812\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0643\u064a\u0641 \u062a\u0642\u0644\u0651\u0644 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e5d4e99 e-flex e-con-boxed e-con e-parent\" data-id=\"e5d4e99\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-75933d3 elementor-widget elementor-widget-text-editor\" data-id=\"75933d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0644\u0627 \u064a\u0645\u0643\u0646 \u0625\u0632\u0627\u0644\u0629 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0641\u064a \u0645\u062c\u0645\u0639\u0627\u062a \u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u060c \u0644\u0643\u0646 \u064a\u0645\u0643\u0646 \u0627\u0644\u062d\u062f \u0645\u0646 \u0627\u0644\u062a\u0628\u0627\u0639\u062f \u0648\u0645\u0648\u0627\u0632\u0646\u062a\u0647 \u0645\u0639 \u0627\u0644\u0631\u0633\u0648\u0645. \u0641\u0627\u0644\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0645\u062a\u0642\u0644\u0628\u0629 \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0631\u0633\u0648\u0645 \u0623\u0639\u0644\u0649 \u0644\u0644\u062a\u0639\u0648\u064a\u0636: \u062a\u0648\u0642\u0639\u062a Uniswap \u0623\u0646 \u062a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0645\u062a\u0634\u0627\u0628\u0647\u0629 \u0634\u0631\u064a\u062d\u0629 0.05%\u060c \u0648\u0632\u0648\u062c ETH\/DAI \u0634\u0631\u064a\u062d\u0629 0.30%\u060c \u0648\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u063a\u0631\u064a\u0628\u0629 1%. \u0648\u0643\u0644 \u0637\u0631\u064a\u0642\u0629 \u0623\u062f\u0646\u0627\u0647 \u062a\u0633\u062a\u0628\u062f\u0644 \u062e\u0637\u0631\u0627\u064b \u0628\u0622\u062e\u0631.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-acfe7df e-flex e-con-boxed e-con e-parent\" data-id=\"acfe7df\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e3cdb6c elementor-widget elementor-widget-heading\" data-id=\"e3cdb6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u0648\u062e\u0637\u0631 \u0641\u0643 \u0627\u0644\u0631\u0628\u0637<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-566f41e e-flex e-con-boxed e-con e-parent\" data-id=\"566f41e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0a80883 elementor-widget elementor-widget-text-editor\" data-id=\"0a80883\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u0627\u0644\u0645\u0631\u0628\u0648\u0637\u0629 \u0628\u0627\u0644\u062f\u0648\u0644\u0627\u0631\u060c \u0645\u062b\u0644 USDT \u0648USDC\u060c \u062a\u0643\u0627\u062f \u0644\u0627 \u062a\u0639\u0631\u0641 \u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629 \u0645\u0627 \u062f\u0627\u0645\u062a \u0643\u0644\u062a\u0627\u0647\u0645\u0627 \u062a\u0633\u0627\u0648\u064a \u062f\u0648\u0644\u0627\u0631\u0627\u064b \u0648\u0627\u062d\u062f\u0627\u064b. \u0648\u0627\u0644\u062e\u0637\u0631 \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u0647\u0648 \u0641\u0643 \u0627\u0644\u0631\u0628\u0637. \u0641\u0641\u064a 11 \u0645\u0627\u0631\u0633 2023 \u0647\u0628\u0637 USDC \u0625\u0644\u0649 \u0646\u062d\u0648 0.88 \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u0625\u0644\u0649 \u0645\u0627 \u062f\u0648\u0646 0.87 \u062f\u0648\u0644\u0627\u0631 \u0639\u0644\u0649 \u0628\u0639\u0636 \u0627\u0644\u0645\u062a\u062a\u0628\u0639\u0627\u062a. \u0648\u0643\u0627\u0646\u062a Circle \u0642\u062f \u0623\u0641\u0635\u062d\u062a \u0639\u0646 \u0648\u062c\u0648\u062f 3.3 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0645\u0646 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a\u0647\u0627 \u0627\u0644\u0628\u0627\u0644\u063a\u0629 40 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0644\u062f\u0649 \u0628\u0646\u0643 Silicon Valley.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-01b845d e-flex e-con-boxed e-con e-parent\" data-id=\"01b845d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-115a433 elementor-widget elementor-widget-text-editor\" data-id=\"115a433\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u062a\u0645\u062a\u0644\u0626 \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u062d\u064a\u0646\u0647\u0627 \u0628\u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u062a\u064a \u064a\u062a\u062e\u0644\u0635 \u0645\u0646\u0647\u0627 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0648\u0646\u060c \u0641\u064a\u0646\u062a\u0647\u064a \u0627\u0644\u0623\u0645\u0631 \u0628\u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u062d\u062a\u0641\u0638\u064a\u0646 \u0628\u0647\u0627. \u0641\u0641\u064a \u0645\u062c\u0645\u0639 Curve \u0630\u064a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u0627\u0644\u062b\u0644\u0627\u062b\u060c \u0627\u0631\u062a\u0641\u0639\u062a \u062d\u0635\u0629 \u0643\u0644 \u0645\u0646 USDC \u0648DAI\u060c \u0648\u0647\u064a \u0639\u0645\u0644\u0629 \u0645\u0633\u062a\u0642\u0631\u0629 \u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 \u0645\u062f\u0639\u0648\u0645\u0629 \u062c\u0632\u0626\u064a\u0627\u064b \u0628\u0640USDC\u060c \u0625\u0644\u0649 \u0623\u0643\u062b\u0631 \u0645\u0646 45% \u0645\u0646 \u0627\u0644\u0631\u0635\u064a\u062f \u0641\u064a \u0645\u0627\u0631\u0633 \u0630\u0627\u0643. \u0648\u0641\u064a \u064a\u0648\u0646\u064a\u0648 2023 \u0627\u0631\u062a\u0641\u0639\u062a \u062d\u0635\u0629 USDT \u0625\u0644\u0649 \u0623\u0643\u062b\u0631 \u0645\u0646 70% \u0645\u0646\u0647.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7cea050 e-flex e-con-boxed e-con e-parent\" data-id=\"7cea050\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79a8ca8 elementor-widget elementor-widget-heading\" data-id=\"79a8ca8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0645\u062a\u0631\u0627\u0628\u0637\u0629<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6668009 e-flex e-con-boxed e-con e-parent\" data-id=\"6668009\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2a00983 elementor-widget elementor-widget-text-editor\" data-id=\"2a00983\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062a\u062d\u0631\u0643 \u0645\u0639\u0627\u064b \u062a\u062a\u0628\u0627\u0639\u062f \u0623\u0642\u0644. \u0641\u0628\u064a\u0646 \u0625\u063a\u0644\u0627\u0642 2025 \u0648\u0646\u0647\u0627\u064a\u0629 \u064a\u0648\u0646\u064a\u0648 2026 \u0647\u0628\u0637 ETH \u0628\u0646\u0633\u0628\u0629 47.1% \u0628\u064a\u0646\u0645\u0627 \u0647\u0628\u0637 \u0633\u0639\u0631 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0628\u0646\u0633\u0628\u0629 33.1%\u060c \u0645\u0646 87,508.83 \u0625\u0644\u0649 58,558.86 \u062f\u0648\u0644\u0627\u0631\u0627\u064b. \u0648\u0643\u0627\u0646 \u0645\u0631\u0643\u0632 ETH\/USDC \u0645\u062a\u062e\u0644\u0641\u0627\u064b \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0646\u0633\u0628\u0629 4.86%. \u0623\u0645\u0627 \u0645\u062c\u0645\u0639 \u064a\u062c\u0645\u0639 ETH \u0645\u0639 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0627\u0644\u0645\u063a\u0644\u0651\u0641 (WBTC) \u0641\u062a\u062e\u0644\u0641 \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0646\u0633\u0628\u0629 0.69% \u0641\u0642\u0637\u060c \u0644\u0623\u0646 \u062e\u0633\u0627\u0631\u062a\u0647 \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0646\u0633\u0628\u0629 ETH \u0625\u0644\u0649 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0648\u062d\u062f\u0647\u0627. \u0648\u0647\u0630\u0627 \u0627\u0644\u0645\u0646\u0637\u0642 \u0646\u0641\u0633\u0647 \u0627\u0644\u0630\u064a \u064a\u0642\u0648\u0645 \u0639\u0644\u064a\u0647 <a href=\"https:\/\/arongroups.co\/ar\/forex-market\/portfolio-diversification-explained\/\">\u062a\u0646\u0648\u064a\u0639 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629<\/a>: \u0627\u0644\u0627\u0631\u062a\u0628\u0627\u0637 \u0628\u064a\u0646 \u0627\u0644\u0623\u0635\u0648\u0644 \u064a\u062d\u062f\u062f \u062d\u062c\u0645 \u0627\u0644\u062a\u0628\u0627\u0639\u062f.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b3743fd e-flex e-con-boxed e-con e-parent\" data-id=\"b3743fd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-44c6f87 elementor-widget elementor-widget-text-editor\" data-id=\"44c6f87\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u0627\u0644\u0645\u0642\u0627\u0628\u0644 \u0647\u0648 \u062e\u0637\u0631 \u0627\u0644\u0633\u0639\u0631. \u0641\u0645\u062c\u0645\u0639 WBTC \u062e\u0633\u0631 \u0645\u0639 \u0630\u0644\u0643 40.5% \u0645\u0646 \u0642\u064a\u0645\u062a\u0647 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u064a\u0629\u060c \u0645\u0642\u0627\u0628\u0644 27.3% \u0644\u0645\u062c\u0645\u0639 ETH\/USDC\u060c \u0644\u0623\u0646 \u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646 \u0647\u0628\u0637\u062a\u0627 \u0645\u0639\u0627\u064b.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-663418c e-flex e-con-boxed e-con e-parent\" data-id=\"663418c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fdf9a9d elementor-widget elementor-widget-heading\" data-id=\"fdf9a9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u062d\u0645\u0627\u064a\u0629 \u0648\u0627\u0644\u0625\u064a\u062f\u0627\u0639 \u0623\u062d\u0627\u062f\u064a \u0627\u0644\u062c\u0627\u0646\u0628<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a41ffe2 e-flex e-con-boxed e-con e-parent\" data-id=\"a41ffe2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-58a3e2d elementor-widget elementor-widget-text-editor\" data-id=\"58a3e2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u062d\u0645\u0627\u064a\u0629 \u0648\u0639\u0648\u062f \u064a\u0645\u0648\u0651\u0644\u0647\u0627 \u0637\u0631\u0641 \u0622\u062e\u0631. \u0641\u0642\u062f \u062f\u0641\u0639\u062a Bancor \u0644\u0645\u0632\u0648\u0651\u062f\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u062d\u0645\u0627\u064a\u0629 \u0645\u0646 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0628\u0639\u0645\u0644\u062a\u0647\u0627 BNT\u060c \u062b\u0645 \u0623\u0648\u0642\u0641\u062a\u0647\u0627 \u0641\u064a 19 \u064a\u0648\u0646\u064a\u0648 2022 \u0645\u062a\u0630\u0631\u0639\u0629 \u0628\u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u062f\u0627\u0626\u064a\u0629. \u0648\u0641\u064a \u0645\u0627\u064a\u0648 2023 \u0631\u0641\u0639 \u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0623\u0645\u0631\u064a\u0643\u064a\u0648\u0646 \u062f\u0639\u0648\u0649 \u0641\u064a \u062a\u0643\u0633\u0627\u0633 \u0632\u0627\u0639\u0645\u064a\u0646 \u0623\u0646 \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c \u0643\u0627\u0646 \u064a\u0639\u0645\u0644 \u0628\u0639\u062c\u0632.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d42e580 e-flex e-con-boxed e-con e-parent\" data-id=\"d42e580\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4d303b9 elementor-widget elementor-widget-text-editor\" data-id=\"4d303b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u0627\u0644\u0625\u064a\u062f\u0627\u0639 \u0623\u062d\u0627\u062f\u064a \u0627\u0644\u062c\u0627\u0646\u0628 \u0644\u0627 \u064a\u0632\u064a\u0644 \u0627\u0644\u062a\u0639\u0631\u0651\u0636 \u0623\u064a\u0636\u0627\u064b. \u0641\u0627\u0644\u0645\u0631\u0643\u0632 \u062f\u0627\u062e\u0644 \u0646\u0637\u0627\u0642 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u062d\u0627\u0644\u064a \u064a\u062c\u0628 \u0623\u0646 \u064a\u062d\u062a\u0641\u0638 \u0628\u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646\u060c \u0644\u0630\u0644\u0643 \u064a\u064f\u0628\u062f\u064e\u0651\u0644 \u0627\u0644\u0625\u064a\u062f\u0627\u0639 \u0628\u0639\u0645\u0644\u0629 \u0648\u0627\u062d\u062f\u0629 \u0625\u0644\u0649 \u0627\u0644\u0632\u0648\u062c \u0639\u0646\u062f \u0627\u0644\u062f\u062e\u0648\u0644. \u0623\u0645\u0627 \u0623\u0645\u0631 \u0627\u0644\u0646\u0637\u0627\u0642 \u0641\u064a Uniswap v3 \u0641\u064a\u0642\u0639 \u0641\u0648\u0642 \u0627\u0644\u0633\u0639\u0631 \u0623\u0648 \u062a\u062d\u062a\u0647 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0630\u0644\u0643\u060c \u0648\u064a\u062a\u062d\u0648\u0644 \u0639\u0646\u062f\u0645\u0627 \u064a\u0639\u0628\u0631\u0647 \u0627\u0644\u0633\u0639\u0631.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b23e537 e-flex e-con-boxed e-con e-parent\" data-id=\"b23e537\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0c92357 elementor-widget elementor-widget-text-editor\" data-id=\"0c92357\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u0633: \u0647\u0644 \u0623\u0633\u062a\u0637\u064a\u0639 \u062a\u062c\u0646\u0628 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0628\u0625\u064a\u062f\u0627\u0639 \u0639\u0645\u0644\u0629 \u0648\u0627\u062d\u062f\u0629 \u0641\u0642\u0637\u061f<\/b><br>\u062c: \u0644\u064a\u0633 \u0641\u0639\u0644\u0627\u064b. \u0641\u0627\u0644\u0645\u062c\u0645\u0639 \u0645\u0627 \u0632\u0627\u0644 \u064a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646\u060c \u0644\u0630\u0644\u0643 \u064a\u064f\u0628\u062f\u064e\u0651\u0644 \u0627\u0644\u0625\u064a\u062f\u0627\u0639 \u0623\u062d\u0627\u062f\u064a \u0627\u0644\u062c\u0627\u0646\u0628 \u0639\u0646\u062f \u0627\u0644\u062f\u062e\u0648\u0644 \u0623\u0648 \u064a\u062a\u062d\u0648\u0644 \u0645\u0639 \u062a\u062d\u0631\u0643 \u0627\u0644\u0633\u0639\u0631 \u0639\u0628\u0631 \u0646\u0637\u0627\u0642\u0643. \u0648\u064a\u0628\u0642\u0649 \u0627\u0644\u062a\u0639\u0631\u0651\u0636 \u0644\u062a\u0628\u0627\u0639\u062f \u0627\u0644\u0633\u0639\u0631 \u0642\u0627\u0626\u0645\u0627\u064b\u061b \u0648\u0645\u0627 \u064a\u062a\u063a\u064a\u0631 \u0647\u0648 \u062a\u0648\u0642\u064a\u062a \u0627\u0644\u0645\u0628\u0627\u062f\u0644\u0629 \u0641\u0642\u0637.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ad7c688 e-flex e-con-boxed e-con e-parent\" data-id=\"ad7c688\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d96a767 elementor-widget elementor-widget-heading\" data-id=\"d96a767\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u062d\u062f\u0648\u062f \u0627\u0644\u0648\u0627\u0642\u0639\u064a\u0629 \u0644\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-978b138 e-flex e-con-boxed e-con e-parent\" data-id=\"978b138\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2182aae elementor-widget elementor-widget-text-editor\" data-id=\"2182aae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0642\u0637\u0629 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638. \u0648\u0647\u064a \u062a\u062c\u0645\u0651\u0644 \u0627\u0644\u0645\u0631\u0643\u0632 \u0623\u0648 \u062a\u0639\u0627\u0642\u0628\u0647 \u0628\u062d\u0633\u0628 \u0627\u0644\u064a\u0648\u0645 \u0627\u0644\u0630\u064a \u062a\u062a\u062d\u0642\u0642 \u0641\u064a\u0647.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-55ac498 e-flex e-con-boxed e-con e-parent\" data-id=\"55ac498\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a47d3b6 elementor-widget elementor-widget-image\" data-id=\"a47d3b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"900\" src=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-4.png\" class=\"attachment-full size-full wp-image-200057\" alt=\"\u0627\u0631\u062a\u0641\u0639 \u062a\u062e\u0644\u0641 \u0627\u0644\u0645\u0631\u0643\u0632 \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0625\u0644\u0649 4.86% \u0639\u0646\u062f \u0625\u063a\u0644\u0627\u0642 \u064a\u0648\u0646\u064a\u0648 \u0627\u0644\u0628\u0627\u0644\u063a 1,569.58 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u062b\u0645 \u062a\u0631\u0627\u062c\u0639 \u0625\u0644\u0649 0.52% \u0628\u062d\u0644\u0648\u0644 16 \u0623\u0643\u062a\u0648\u0628\u0631 2026.\" srcset=\"https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-4.png 1600w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-4-300x169.png 300w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-4-1024x576.png 1024w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-4-768x432.png 768w, https:\/\/cdn.arongroups.co\/uploads\/2026\/11\/impermanent-loss-ar-4-1536x864.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">\u0627\u0631\u062a\u0641\u0639 \u062a\u062e\u0644\u0641 \u0627\u0644\u0645\u0631\u0643\u0632 \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0625\u0644\u0649 4.86% \u0639\u0646\u062f \u0625\u063a\u0644\u0627\u0642 \u064a\u0648\u0646\u064a\u0648 \u0627\u0644\u0628\u0627\u0644\u063a 1,569.58 \u062f\u0648\u0644\u0627\u0631\u0627\u064b\u060c \u062b\u0645 \u062a\u0631\u0627\u062c\u0639 \u0625\u0644\u0649 0.52% \u0628\u062d\u0644\u0648\u0644 16 \u0623\u0643\u062a\u0648\u0628\u0631 2026.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aa2e874 e-flex e-con-boxed e-con e-parent\" data-id=\"aa2e874\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77b67da elementor-widget elementor-widget-text-editor\" data-id=\"77b67da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u064a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0628\u0627\u062d\u062b\u0648\u0646 \u0639\u0644\u0649 \u0646\u062d\u0648 \u0645\u062a\u0632\u0627\u064a\u062f \u0645\u0642\u064a\u0627\u0633 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0645\u0642\u0627\u0628\u0644 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646 (LVR)\u060c \u0627\u0644\u0630\u064a \u0648\u0636\u0639\u0647 \u0645\u064a\u0644\u064a\u0648\u0646\u064a\u0633 \u0648\u0645\u0639\u0644\u0645\u064a \u0648\u0631\u0648\u063a\u0627\u0631\u062f\u0646 \u0648\u062a\u0634\u0627\u0646\u063a \u0639\u0627\u0645 2022. \u0648\u0647\u0648 \u064a\u0642\u064a\u0633 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0644\u0635\u0627\u0644\u062d \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u062a\u062f\u0627\u0648\u0644\u0648\u0646 \u0645\u0642\u0627\u0628\u0644 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u062c\u0645\u0639 \u0627\u0644\u0642\u062f\u064a\u0645\u0629\u060c \u0648\u0639\u0644\u0649 \u0639\u0643\u0633 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0641\u0647\u0648 \u0644\u0627 \u064a\u0641\u0639\u0644 \u0633\u0648\u0649 \u0627\u0644\u062a\u0631\u0627\u0643\u0645.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2d7753f e-flex e-con-boxed e-con e-parent\" data-id=\"2d7753f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4037ea7 elementor-widget elementor-widget-text-editor\" data-id=\"4037ea7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0641\u064a \u0645\u062c\u0645\u0639 \u062d\u0627\u0635\u0644 \u0627\u0644\u0636\u0631\u0628 \u0627\u0644\u062b\u0627\u0628\u062a\u060c \u062a\u0633\u0627\u0648\u064a LVR \u0644\u0643\u0644 \u0648\u062d\u062f\u0629 \u0632\u0645\u0646 \u062b\u064f\u0645\u0646 \u062a\u0628\u0627\u064a\u0646 \u0627\u0644\u0639\u0648\u0627\u0626\u062f\u060c \u0643\u062d\u0635\u0629 \u0645\u0646 \u0642\u064a\u0645\u0629 \u0627\u0644\u0645\u062c\u0645\u0639. \u0648\u0643\u0627\u0646 \u0644\u0644\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u064a\u0648\u0645\u064a\u0629 \u0644\u0640ETH \u0645\u0646 31 \u0623\u063a\u0633\u0637\u0633 \u0625\u0644\u0649 17 \u0623\u0643\u062a\u0648\u0628\u0631 2026 \u0627\u0646\u062d\u0631\u0627\u0641 \u0645\u0639\u064a\u0627\u0631\u064a \u064a\u0628\u0644\u063a \u0646\u062d\u0648 2.2%. \u0648\u0647\u0630\u0627 \u064a\u0639\u0627\u062f\u0644 \u062a\u0642\u0631\u064a\u0628\u0627\u064b 0.6 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0645\u0646 \u0627\u0644\u0645\u062c\u0645\u0639 \u064a\u0648\u0645\u064a\u0627\u064b\u060c \u0623\u0648 2.2% \u0633\u0646\u0648\u064a\u0627\u064b \u0642\u0628\u0644 \u0627\u0644\u0631\u0633\u0648\u0645\u060c \u0643\u062a\u0642\u062f\u064a\u0631.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2e23d22 e-flex e-con-boxed e-con e-parent\" data-id=\"2e23d22\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8806427 elementor-widget elementor-widget-text-editor\" data-id=\"8806427\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u0627\u0644\u062a\u062d\u0648\u0651\u0637 \u0644\u062c\u0627\u0646\u0628 ETH \u0628\u0639\u0642\u0648\u062f \u0622\u062c\u0644\u0629 \u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0645\u0643\u0634\u0648\u0641\u060c \u064a\u064f\u0639\u0627\u062f \u0636\u0628\u0637 \u062d\u062c\u0645\u0647\u0627 \u0645\u0639 \u062a\u063a\u064a\u0651\u0631 \u0631\u0635\u064a\u062f \u0627\u0644\u0645\u062c\u0645\u0639 \u0645\u0646 ETH\u060c \u064a\u062a\u0631\u0643 \u062a\u0642\u0631\u064a\u0628\u0627\u064b \u0627\u0644\u0631\u0633\u0648\u0645 \u0646\u0627\u0642\u0635 LVR. \u0648\u062a\u064f\u0636\u0627\u0641 \u0641\u0648\u0642 \u0630\u0644\u0643 \u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u062f\u0627\u0648\u0644. \u0623\u0645\u0627 \u0631\u0633\u0648\u0645 \u0627\u0644\u063a\u0627\u0632\u060c \u0648\u0647\u062c\u0645\u0627\u062a \u0627\u0644\u0633\u0627\u0646\u062f\u0648\u064a\u062a\u0634 \u0639\u0644\u0649 \u0627\u0644\u0625\u064a\u062f\u0627\u0639\u0627\u062a \u0648\u0627\u0644\u0633\u062d\u0648\u0628\u0627\u062a\u060c \u0648\u062b\u063a\u0631\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629\u060c \u0641\u062a\u0642\u0639 \u062e\u0627\u0631\u062c \u0627\u0644\u0645\u0642\u064a\u0627\u0633\u064a\u0646 \u0645\u0639\u0627\u064b. \u0643\u0645\u0627 \u0642\u062f \u062a\u0643\u0648\u0646 \u0627\u0644\u0625\u064a\u062f\u0627\u0639\u0627\u062a \u0648\u0627\u0644\u0633\u062d\u0648\u0628\u0627\u062a \u0648\u0627\u0644\u0645\u0643\u0627\u0641\u0622\u062a \u0623\u062d\u062f\u0627\u062b\u0627\u064b \u062e\u0627\u0636\u0639\u0629 \u0644\u0644\u0636\u0631\u064a\u0628\u0629 \u0641\u064a \u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0628\u0644\u062f\u0627\u0646.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a1b650e e-flex e-con-boxed e-con e-parent\" data-id=\"a1b650e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2777a00 elementor-widget elementor-widget-heading\" data-id=\"2777a00\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0623\u064a\u0646 \u062a\u0642\u0641 \u0622\u0631\u0648\u0646 \u062c\u0631\u0648\u0628\u0633 \u0645\u0646 \u0647\u0630\u0627<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8a47586 e-flex e-con-boxed e-con e-parent\" data-id=\"8a47586\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e586509 elementor-widget elementor-widget-text-editor\" data-id=\"e586509\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0644\u0627 \u062a\u0642\u062f\u0645 \u0622\u0631\u0648\u0646 \u062c\u0631\u0648\u0628\u0633 \u0645\u062c\u0645\u0639\u0627\u062a \u0633\u064a\u0648\u0644\u0629 \u0648\u0644\u0627 \u062a\u062f\u0627\u0648\u0644\u0627\u064b \u0639\u0644\u0649 \u0645\u0646\u0635\u0627\u062a \u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 \u0648\u0644\u0627 \u0639\u0645\u0644\u0627\u062a \u0645\u0633\u062a\u0642\u0631\u0629\u060c \u0644\u0630\u0644\u0643 \u0644\u0627 \u062a\u0648\u062c\u062f \u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629 \u0644\u0625\u062f\u0627\u0631\u062a\u0647\u0627. \u0628\u0644 \u062a\u0642\u062f\u0645 \u0639\u0642\u0648\u062f \u0641\u0631\u0648\u0642\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0645\u062b\u0644 BTCUSD \u0648ETHUSD \u0639\u0644\u0649 <a href=\"https:\/\/arongroups.co\/ar\/meta-trader-5\/\">\u0645\u0646\u0635\u0629 \u0645\u064a\u062a\u0627\u062a\u0631\u064a\u062f\u0631 5<\/a>\u060c \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 \u0648\u0627\u0644\u0630\u0647\u0628 \u0648\u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a\u060c \u0636\u0645\u0646 <a href=\"https:\/\/arongroups.co\/ar\/trading-accounts\/\">\u062d\u0633\u0627\u0628\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644<\/a> \u0627\u0644\u0645\u062a\u0627\u062d\u0629 \u0644\u062f\u064a\u0647\u0627. \u0648\u0639\u0642\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a \u064a\u062a\u062a\u0628\u0639 \u0627\u0644\u0633\u0639\u0631 \u062f\u0648\u0646 \u0645\u062c\u0645\u0639 \u064a\u064f\u0639\u0627\u062f \u062a\u0648\u0627\u0632\u0646\u0647. \u0648\u0641\u0647\u0645 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u064a\u0633\u0627\u0639\u062f \u0639\u0644\u0649 \u0645\u0648\u0627\u0632\u0646\u0629 \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a\u060c \u0627\u0644\u062a\u064a \u0644\u064a\u0633\u062a \u0645\u0627\u0644\u0627\u064b \u0645\u062c\u0627\u0646\u064a\u0627\u064b\u060c \u0645\u0642\u0627\u0628\u0644 \u0645\u062c\u0631\u062f \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0633\u0639\u0631.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e0dde1d e-flex e-con-boxed e-con e-parent\" data-id=\"e0dde1d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2682e19 elementor-widget elementor-widget-text-editor\" data-id=\"2682e19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0625\u0632\u0627\u0644\u0629 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0627 \u062a\u0632\u064a\u0644 \u0627\u0644\u0645\u062e\u0627\u0637\u0631. \u0641\u0639\u0642\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a \u064a\u062d\u0645\u0644 \u062a\u0639\u0631\u0651\u0636\u0627\u064b \u0633\u0639\u0631\u064a\u0627\u064b \u0643\u0627\u0645\u0644\u0627\u064b \u0648\u0628\u0631\u0627\u0641\u0639\u0629 \u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0631\u0633\u0648\u0645 \u062a\u0628\u064a\u064a\u062a \u0648\u062e\u0637\u0631 \u0641\u062c\u0648\u0627\u062a: \u0641\u0642\u062f \u062a\u0642\u0641\u0632 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0645\u062a\u062c\u0627\u0648\u0632\u0629 \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0625\u064a\u0642\u0627\u0641 \u0627\u0644\u0625\u062c\u0628\u0627\u0631\u064a\u060c \u0648\u0647\u0648 \u0645\u0627 \u064a\u062c\u0639\u0644 \u0641\u0647\u0645 <a href=\"https:\/\/arongroups.co\/ar\/forex-market\/risk-of-ruin\/\">\u062e\u0637\u0631 \u0627\u0644\u0625\u0641\u0644\u0627\u0633<\/a> \u0636\u0631\u0648\u0631\u064a\u0627\u064b \u0642\u0628\u0644 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u062d\u062c\u0645. \u0648\u064a\u0623\u062a\u064a \u0646\u062f\u0627\u0621 \u0627\u0644\u0647\u0627\u0645\u0634 \u0639\u0646\u062f \u0645\u0633\u062a\u0648\u0649 \u0647\u0627\u0645\u0634 100% \u0648\u0627\u0644\u0625\u064a\u0642\u0627\u0641 \u0627\u0644\u0625\u062c\u0628\u0627\u0631\u064a \u0639\u0646\u062f 50%\u060c \u0623\u0648 40% \u0639\u0644\u0649 \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a \u0627\u0644\u0625\u0633\u0644\u0627\u0645\u064a\u0629 \u0648\u062d\u0633\u0627\u0628\u0627\u062a VIP. \u0648\u064a\u062a\u064a\u062d \u0644\u0643 <a href=\"https:\/\/arongroups.co\/ar\/demo-account\/\">\u0627\u0644\u062d\u0633\u0627\u0628 \u0627\u0644\u062a\u062c\u0631\u064a\u0628\u064a<\/a> \u0627\u062e\u062a\u0628\u0627\u0631 ETHUSD \u0623\u0648\u0644\u0627\u064b\u060c \u0648\u064a\u0648\u0641\u0651\u0631 <a href=\"https:\/\/arongroups.co\/ar\/islamic-account\/\">\u0627\u0644\u062d\u0633\u0627\u0628 \u0627\u0644\u0625\u0633\u0644\u0627\u0645\u064a<\/a> \u062a\u062f\u0627\u0648\u0644\u0627\u064b \u0628\u0644\u0627 \u0631\u0633\u0648\u0645 \u062a\u0628\u064a\u064a\u062a \u0644\u0645\u0646 \u064a\u0641\u0636\u0651\u0644 \u0630\u0644\u0643\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0628\u0642\u064a \u062d\u0633\u0627\u0628 \u0646\u0627\u0646\u0648 \u0627\u0644\u0623\u062d\u062c\u0627\u0645 \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u0635\u063a\u064a\u0631\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-36486f8 e-flex e-con-boxed e-con e-parent\" data-id=\"36486f8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0845e56 elementor-widget elementor-widget-heading\" data-id=\"0845e56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u062e\u0644\u0627\u0635\u0629<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-32d82ba e-flex e-con-boxed e-con e-parent\" data-id=\"32d82ba\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b4299e6 elementor-widget elementor-widget-text-editor\" data-id=\"b4299e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0647\u064a \u062b\u0645\u0646 \u0623\u0646 \u062a\u0643\u0648\u0646 \u0627\u0644\u0637\u0631\u0641 \u0627\u0644\u0645\u0642\u0627\u0628\u0644 \u0644\u0644\u0633\u0648\u0642: \u0641\u0627\u0644\u0645\u062c\u0645\u0639 \u064a\u0628\u064a\u0639 \u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0635\u0627\u0639\u062f\u0629 \u0648\u064a\u0634\u062a\u0631\u064a \u0627\u0644\u0647\u0627\u0628\u0637\u0629\u060c \u0628\u0623\u0633\u0639\u0627\u0631 \u0642\u062f\u064a\u0645\u0629. \u0648\u0627\u0644\u0645\u0636\u0627\u0639\u0641\u0629 \u0623\u0648 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0625\u0644\u0649 \u0627\u0644\u0646\u0635\u0641 \u064a\u0643\u0644\u0651\u0641 5.72% \u0642\u0628\u0644 \u0627\u0644\u0631\u0633\u0648\u0645.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8aad123 e-flex e-con-boxed e-con e-parent\" data-id=\"8aad123\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-af9fee3 elementor-widget elementor-widget-text-editor\" data-id=\"af9fee3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u062a\u0648\u0641\u064a\u0631 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u062c\u062f\u064a\u0627\u064b \u064a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u062a\u0641\u0648\u0642 \u0627\u0644\u0631\u0633\u0648\u0645 \u0639\u0644\u0649 \u062a\u0644\u0643 \u0627\u0644\u062e\u0633\u0627\u0631\u0629\u060c \u0648\u0639\u0644\u0649 \u0645\u062e\u0627\u0637\u0631 \u062a\u063a\u0641\u0644\u0647\u0627 \u0627\u0644\u0645\u0639\u0627\u062f\u0644\u0629: \u0641\u0643 \u0627\u0644\u0631\u0628\u0637\u060c \u0648\u0633\u062d\u0628 \u0627\u0644\u062d\u0645\u0627\u064a\u0629\u060c \u0648\u0627\u0644\u0646\u0637\u0627\u0642\u0627\u062a \u0627\u0644\u0636\u064a\u0642\u0629\u060c \u0648\u0623\u0639\u0637\u0627\u0644 \u0627\u0644\u0634\u064a\u0641\u0631\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e0a4656 e-flex e-con-boxed e-con e-parent\" data-id=\"e0a4656\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-88fe2c9 elementor-widget elementor-widget-text-editor\" data-id=\"88fe2c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0648\u0627\u0644\u0641\u062d\u0635 \u0627\u0644\u0645\u0639\u0642\u0648\u0644 \u0642\u0628\u0644 \u0623\u064a \u0625\u064a\u062f\u0627\u0639 \u0647\u0648 \u062d\u0633\u0627\u0628 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u062d\u0631\u0643\u0627\u062a \u0645\u0639\u0642\u0648\u0644\u0629\u060c \u0645\u0642\u0627\u0628\u0644 \u062f\u062e\u0644 \u0631\u0633\u0648\u0645 \u0648\u0627\u0642\u0639\u064a \u0644\u0627 \u0639\u0648\u0627\u0626\u062f \u0645\u0639\u0644\u0646\u0629 \u0644\u0627\u0641\u062a\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3f4c07c e-flex e-con-boxed e-con e-parent\" data-id=\"3f4c07c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4eb061c elementor-widget elementor-widget-heading\" data-id=\"4eb061c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bae83be e-flex e-con-boxed e-con e-parent\" data-id=\"bae83be\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-48826ce elementor-widget elementor-widget-text-editor\" data-id=\"48826ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0625\u062c\u0627\u0628\u0627\u062a \u0645\u062e\u062a\u0635\u0631\u0629 \u0639\u0646 \u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u062d\u0648\u0644 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9a7f9f7 e-flex e-con-boxed e-con e-parent\" data-id=\"9a7f9f7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-82e1b4a elementor-widget elementor-widget-heading\" data-id=\"82e1b4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0647\u0644 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u062e\u0633\u0627\u0631\u0629 \u062d\u0642\u064a\u0642\u064a\u0629\u061f<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-90e177b e-flex e-con-boxed e-con e-parent\" data-id=\"90e177b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2a74240 elementor-widget elementor-widget-text-editor\" data-id=\"2a74240\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0647\u064a \u062a\u062e\u0644\u0641 \u062d\u0642\u064a\u0642\u064a \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0628\u0642\u0649 \u063a\u064a\u0631 \u0645\u062d\u0642\u0642\u0629 \u0645\u0627 \u062f\u0645\u062a \u0641\u064a \u0627\u0644\u0645\u062c\u0645\u0639. \u0648\u062a\u0635\u0628\u062d \u062f\u0627\u0626\u0645\u0629 \u0625\u0630\u0627 \u0633\u062d\u0628\u062a \u0642\u0628\u0644 \u0623\u0646 \u062a\u0639\u0648\u062f \u0646\u0633\u0628\u0629 \u0627\u0644\u0633\u0639\u0631 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u0627\u0647\u0627 \u0639\u0646\u062f \u0627\u0644\u0628\u062f\u0627\u064a\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b880ba9 e-flex e-con-boxed e-con e-parent\" data-id=\"b880ba9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2995446 elementor-widget elementor-widget-heading\" data-id=\"2995446\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0643\u064a\u0641 \u062a\u064f\u062d\u0633\u0628 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d5e2970 e-flex e-con-boxed e-con e-parent\" data-id=\"d5e2970\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2b5cc1a elementor-widget elementor-widget-text-editor\" data-id=\"2b5cc1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0627\u0642\u0633\u0645 \u0646\u0633\u0628\u0629 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0639\u0644\u0649 \u0646\u0633\u0628\u0629 \u0627\u0644\u0628\u062f\u0627\u064a\u0629 \u0644\u062a\u062d\u0635\u0644 \u0639\u0644\u0649 r\u060c \u062b\u0645 \u0627\u062d\u0633\u0628 2 \u00d7 \u221ar \u00f7 (1 + r) \u2212 1. \u0641\u0627\u0631\u062a\u0641\u0627\u0639 \u0628\u0646\u0633\u0628\u0629 25% \u064a\u0639\u0637\u064a \u0646\u0627\u0642\u0635 0.62%\u060c \u0648\u0627\u0644\u0645\u0636\u0627\u0639\u0641\u0629 \u0646\u0627\u0642\u0635 5.72%\u060c \u0648\u062d\u0631\u0643\u0629 \u0628\u062e\u0645\u0633\u0629 \u0623\u0636\u0639\u0627\u0641 \u0646\u0627\u0642\u0635 25.46%.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-99edeef e-flex e-con-boxed e-con e-parent\" data-id=\"99edeef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7d43f5c elementor-widget elementor-widget-heading\" data-id=\"7d43f5c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0647\u0644 \u0644\u0623\u0632\u0648\u0627\u062c \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0631\u0629 \u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629\u061f<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b27398d e-flex e-con-boxed e-con e-parent\" data-id=\"b27398d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9eb2615 elementor-widget elementor-widget-text-editor\" data-id=\"9eb2615\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0642\u0644\u064a\u0644\u0629 \u062c\u062f\u0627\u064b \u0645\u0627 \u062f\u0627\u0645\u062a \u0643\u0644\u062a\u0627 \u0627\u0644\u0639\u0645\u0644\u062a\u064a\u0646 \u062a\u062d\u0627\u0641\u0638 \u0639\u0644\u0649 \u0631\u0628\u0637\u0647\u0627\u060c \u0644\u0623\u0646 \u0633\u0639\u0631\u064a\u0647\u0645\u0627 \u0644\u0627 \u064a\u0643\u0627\u062f\u0627\u0646 \u064a\u062a\u0628\u0627\u0639\u062f\u0627\u0646. \u0648\u0625\u0630\u0627 \u0641\u0643\u062a \u0625\u062d\u062f\u0627\u0647\u0645\u0627 \u0631\u0628\u0637\u0647\u0627\u060c \u0643\u0645\u0627 \u0641\u0639\u0644 USDC \u0641\u064a 11 \u0645\u0627\u0631\u0633 2023\u060c \u064a\u0645\u062a\u0644\u0626 \u0627\u0644\u0645\u062c\u0645\u0639 \u0628\u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0623\u0636\u0639\u0641 \u0648\u064a\u062a\u062d\u0645\u0644 \u0645\u0632\u0648\u0651\u062f\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u062e\u0633\u0627\u0631\u0629.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-04da336 e-flex e-con-boxed e-con e-parent\" data-id=\"04da336\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ff78b99 elementor-widget elementor-widget-heading\" data-id=\"ff78b99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u0647\u0644 \u062a\u0648\u062c\u062f \u062e\u0633\u0627\u0631\u0629 \u063a\u064a\u0631 \u062f\u0627\u0626\u0645\u0629 \u0641\u064a \u062a\u062f\u0627\u0648\u0644 \u0639\u0642\u0648\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a\u061f<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c895309 e-flex e-con-boxed e-con e-parent\" data-id=\"c895309\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1aee76 elementor-widget elementor-widget-text-editor\" data-id=\"b1aee76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0644\u0627. \u0641\u0639\u0642\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a \u0644\u064a\u0633 \u0644\u0647 \u0645\u062c\u0645\u0639 \u0633\u064a\u0648\u0644\u0629\u060c \u0641\u0644\u0627 \u0634\u064a\u0621 \u064a\u064f\u0639\u0627\u062f \u062a\u0648\u0627\u0632\u0646\u0647. \u0628\u0644 \u062a\u062a\u062d\u0645\u0644 \u062d\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0631 \u0643\u0627\u0645\u0644\u0629 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0630\u0644\u0643\u060c \u0645\u0639 \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u0628\u064a\u064a\u062a \u0648\u0642\u0648\u0627\u0639\u062f 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