Insights

Liquid Staking vs. Regular Staking: Me Ya Sa Za Ka Damu ma?

Liquid staking na yin alkawarin samun riba ba tare da kulle kudi ba — amma shin ya cancanci kasadar smart contract, hadarin depeg, da kuma kason kudin da Lido ke dauka?

An wallafa Ƙungiyar Netts Karatun minti 21

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Liquid Staking vs. Regular Staking: Me Ya Sa Za Ka Damu ma?
Abubuwan ciki
  1. Staking — Asalin Tunanin da Yadda Ya Fara
  2. Liquid Staking — Mafitar da Ba a Nema Ba ga Matsalar da Ba a San Tana Nan Ba
  3. Tsarin da ke Ciki — Abin da ke Faruwa a Zahiri
  4. Hatsari, Sirri da kuma Abin da Masu Kula da Dokoki Ke Cewa
  5. Samun Riba — Wanene A Zahiri Ke Cikin Samun Riba?

Babu wani mutum ko guda daya da ya taba yin staking na cryptocurrency dinsa a karon farko don kawai kyautatawa ko son taimako. Wancan bayanin — na bayar da gudunmawa wajen tsaron network, tallafawa decentralization, da bayar da jingina don ci gaban ekosistem — an buga shi ne a takardun talla bayan an riga an fara. Ainihin dalilin, a lokacin da kuma yanzu, ya fi karkata ga abu guda daya kai tsaye — kuma ya fi zama hanyar neman riba: kudi na banza ko a kalla abin da ya fi kusa da kudi na banza wanda harkokin kudi na zamani za su iya samarwa. Ka ajiye token dinka a wuri guda, tsarin zai biya ka kudi don ajiye wadannan token sannan ka dawo daga baya tare da samun adadin da ya fi wanda ka ajiye. Me kuma zai iya lalacewa?

Ashe dai abubuwa da yawa za su iya faruwa. Tabbas, regular staking ya zo da nasa matsalolin masu ban haushi — an kulle jari dinka gaba daya; ya daskare a lokaci guda yayin da sauran kasuwa ke ci gaba da harkokinta. Wannan takamaiman damuwa ita ce ta haifar da bullar liquid staking. Yana da kyau a bincika ko a zahiri ya warware matsalar ne ko kuma kawai ya canza wata matsalar da wata daban, wacce ta fi sarkakiya.

Staking — Asalin Tunanin da Yadda Ya Fara

Staking ya samo asali ne daga hauhawar Proof of Stake (PoS), wani tsari daban wanda ya maye gurbin PoW wanda ya samar da tsaro ga Bitcoin tun farkonsa. A zahiri, Proof of Work tsari ne na gasa kai tsaye. Masu hakar crypto (miners) na yin gasa da juna ta hanyar kokarin warware hadaddun lissafin cryptographic, wanda ya fara warwarewa shi ke samun damar kara block na gaba — tare da samun bitcoin 6.25 a matsayin lada a farashin yanzu — kuma kowa da kowa ya bata wutar lantarkinsa a banza. Wannan na aiki — shekaru goma sha biyar da suka gabata sun nuna hakan a fili — amma yana da tsada, yana cin wutar lantarki da yawa kuma yana da wuyar karewa a duniyar da ta fi mayar da hankali kan kula da muhalli a yanzu.

Maimakon karfin lissafin na'ura, Proof of Stake ya gina tsare-tsarensa ne kan alhakin kudi. Maimakon kashe wutar lantarki don nuna cewa kai amintaccen sashe ne a network a cikin consensus, kawai kana yin staking ne — kullewa — na wasu cryptocurrency a matsayin jingina. Ka yi aiki da gaskiya, ka tantance hada-hadar kudade yadda ya kamata, sai a baka lada. Ka karya dokoki, ka yi kokarin kashe kudi sau biyu (double-spend) a block ko kuma ka gaza bin ka'idojin protocol yadda ya kamata, sai a cinye wani bangare na jinginarka a wani mataki da ake kira slashing. Hanyoyin karfafa gwiwar a bayyane suke: tsarin yana ba masu gaskiya lada da karin kudi, yayin da yake hukunta marasa gaskiya da asarar kudi. Ba wai wani tsari ne na da'a kawai ba, a'a, tarkon da aka tsara ne da kyau don kama masu karkatacciyar niyya.

A shekarar 2019, Cosmos ta saki nata tsarin da gagarumin biki tare da ribar staking wacce a wasu lokutan ta zarce kashi goma sha biyar a shekara. Su ma Cardano, Polkadot har ma da Avalanche sun gina nasu tsare-tsaren. Wadannan sun yi aiki wajen nuna cewa tsarin zai iya aiki a babban mataki — cewa masu validator za su nuna hali mai kyau idan an basu kwarin gwiwa mai karfi; sannan manyan masu rike da kudi na yau da kullum za su iya samun kudin ruwa na gaske saboda rashin shiga hada-hadar kasuwanni. Wannan tunani na samun kudin shiga ba tare da aiki ba (passive income) ya yi dai-dai sosai har ya tara jari mai yawa tun kafin ma wani abu mai kama da wannan ya samu gindin zama a Ethereum.

Sauyawar Ethereum daga Proof of Work zuwa Proof of Stake — wanda aka kammala a watan Satumba 2022, bayan shekaru na ci gaba da aiki — ya taimaka matuka wajen tura staking cikin tattaunawar yau da kullum. Wani shawarar tsari da ya shafi duk abin da ya biyo baya yana nan a tsakiyar ainihin tsarin validator dinmu: an bukaci a kalla 32 ETH a matsayin ajiya mafi kankanta don gudanar da validator na kashin kai (solo validator). Wannan adadin ya nufi abubuwa daban-daban daga madaidaicin stake zuwa sama da $80,000 a lokuta daban-daban na tarihin farashin Ethereum. A lokuta da dama, gudanar da solo validation abu ne da ya fi karfin mafi yawan masu shiga.

An samu wata mafita ta hanyar staking a exchange. Coinbase, Kraken, Binance da sauransu duk sun bayar da ayyukan pooled staking domin kula da validator infra a madadinka. Sai dai kuma, yayin da exchange ta maye gurbin ainihin validator mai rike da kaddara da nasu, sun rika karbar kudin aiki na 15–25% a kan ribar da kake samu, sun tilasta maka mika ikon kaddarorinka kuma suka bar ka cikin hadarin dabi'ar bangare na biyu (counterparty risk). Akwai isasshen tarihin durkushewar exchange da daskare cire kudi a crypto da zai sa wannan hadari ya zama ba kawai hasashe ba.

Duk da cewa wadannan gazawa sun bayyana a fili, ya yi wuya a kafa hujjar kin staking a aikace. Ribar staking a Ethereum ta saba kasancewa tsakanin kashi hudu zuwa biyar a kowace shekara. Riba a kan blockchain masu amfani da Cosmos ta fi haka yawa sosai, sau da yawa tana haura lambobi biyu. Da yake ta fi asusun ajiya na gargajiya gasa, wanda ya rika bayar da kusan kudin ruwa sifili a mafi yawan kasashe a tsawon lokaci, ribar staking ta yi kyau kwarai da gaske. Tarin jarin da ya kwarara cikin hanyoyin staking ya nuna wannan sha'awa, har ya kai daruruwan biliyoyi a fadin dumbin network daban-daban wadanda duk ke farautar riba ba tare da shiga hadarin kasuwa ba.

Liquid Staking — Mafitar da Ba a Nema Ba ga Matsalar da Ba a San Tana Nan Ba

An kirkiro Liquid staking ne don magance wata takamaiman matsala mai ban haushi kwarai. Token din da aka yi staking ta hanyar gargajiya ba su da wani amfani ga kowane irin aiki daban yayin da suke cikin staking. Suna zaune ne a wani wuri a cikin validator set, suna tara lada, amma ba za a iya kashe su ba, tura su, karbarsu a matsayin jingina a protocol na bada bashi, ko amfani da su a kowane wuri a DeFi. Jarinka na da aiki guda daya kawai kuma ba zai iya yin wani aiki daban ba. A cikin yanayin da damammaki ke bayyana kuma su bace a cikin 'yan kwanaki ko ma 'yan sa'o'i, jarin da aka kulle cikakken misali ne na asarar damar samun wani abin (opportunity cost).

Lido Finance ta fito a watan Disamba 2020 da wata mafita da ta yi kama da mai sauki da yawa. Kana sanya ETH dinka a cikin smart contracts na Lido, kuma maimakon rashin samun komai yayin da staking dinka ke can a bango yana tara riba a hankali, sai a baka stETH — staked Ether: wato token da ke wakiltar matsayin staking dinka tare da ladan da wannan matsayi ke ci gaba da samu. Wannan stETH za a iya sayar da shi a kasuwannin gaba (secondary markets), a yi amfani da shi azaman jingina a protocols daban-daban na bayar da bashi kamar Aave, a saka shi a liquidity pool don karin riba, ko kuma a ajiye shi kawai yayin da adadinsa ke karuwa tare da ladan ainihin staking din. A ka'ida, yanzu kana da damar amfani da jarinka. Yana yin ayyuka guda biyu a lokaci guda.

Lokacin da aka fito da shi ya dace sosai. Domin nuna dacewar lokacin, tsarin staking na Ethereum a wancan lokacin ya fara aiki ne kawai, bukatar samun riba tana da yawa sosai kuma ba mutane da yawa ba ne za su iya biyan akalla 32 ETH da duk wanda ke son shiga zai bukata don yin stake. Yayin da suka magance matsalar liquidity, Lido ta kuma magance matsalar samun dama. Za ta baka damar ajiye kowane adadi — misali ETH guda daya, rabin ETH daya — kuma a sakamakon haka ka karbi daidai kasonka na stETH. Babu wani adadi mafi kankanta. Babu sabar da za a kula da ita. Babu wata kwarewar fasaha da ake bukata.

Sauran protocols sun bi sahu. Rocket Pool ta zo da wani tsari wanda ya fi zama decentralized: dole ne masu kula da node su yi staking na nasu ETH tare da ajiyar kudin masu amfani, sannan ta yi amfani da network na masu aiki mara bukatar izini (permissionless). Liquid token dinta mai suna rETH yana aiki kamar stETH. Frax Finance ta gina frxETH. Coinbase ta kirkiro cbETH. An samu hadin kai wajen gane matsalar da za a warware, amma kuma an samu bambance-bambance masu yawa tsakanin protocols dangane da tsarin kudin aiki, hanyoyin tafiyarwa da kuma tsarin zabar validator. Duk da haka, tayin asali bai canza ba: yi staking na kaddarorinka, ka sami liquid token, ka ci gaba da sa jarinka yana aiki a kowace kasuwa da kake so.

Wannan ya haifar da ci gaba, wanda ya sake fasalta DeFi gaba daya. Idan aka zo batun total value locked, dukkan protocols na liquid staking a hade su ne rukunin da ya fi kowanne girma a fannin decentralized finance ya zuwa 2026 tare da sama da daloli biliyan 60 da ake rike da su. Lido ke rike da kusan kashi sittin da daya na dukkan kasuwar liquid staking, tana sarrafa kusan ETH miliyan tara. Wadannan lambobi na bayar da kyakkyawar hujja cewa kasuwa ta sami ainihin abin da ta nema. Amma ko samfurin ya cika alkawuransa ta hanyoyin da suka kawo canji na gaske, wannan wata tambaya ce daban, mai ban sha'awa.

Tsarin da ke Ciki — Abin da ke Faruwa a Zahiri

Haduran da liquid staking ke zuwa da su a dabi'ance za a iya fahimtarsu cikin sauki ta hanyar gane ainihin abin da ke faruwa a zahiri idan ka ajiye ETH a cikin protocol kamar Lido.

Ana sanya ajiyarka a cikin wani smart contract sannan a hada ta wuri guda tare da ajiyar sauran masu amfani. Wadannan kudade da aka tara ana raba su ne a tsakanin masu gudanar da node daban-daban wadanda a zahiri suke tafiyar da software na validator, daukar nauyin kayan aiki da kuma kula da ayyukan shiga cikin consensus na Ethereum. Ana tantance su ne ta hanyar mulki (governance): masu rike da token na Lido suna kada kuri'a kan wadanne masu aiki za a yarda da su, da kuma adadin ETH da kowanne zai tafiyar. Bayan an fitar da ainihin kasonsu sannan an samar da adadin ladan staking: sai masu aikin su mayar da su ga protocol din.

Token din stETH wani nau'in token ne da ke amfani da tsarin rebasing wajen yin sabuntawa. Maimakon tura wani abu a matsayin biyan kudi daban, protocol din yana kara adadin stETH dinka a kowace rana ta hanyar lissafa ladan da aka samu bayan an cire kudin protocol din — wanda a halin yanzu yake a kashi 10 na dukkan ladan staking. Kana da wasu stETH a yau; gobe kuma kana da dan abin da ya fi haka. Wannan shi ne ainihin kudin shiga ba tare da wahala ba a ma'anarsa ta hakika.

Ethereum's Shanghai upgrade ya ba da damar cire kudin validator a karon farko a watan Afrilu 2023 kuma bayan haka, matakan sarkakiya sun karu tare da yawan adadin coins. Wannan lokaci ya kasance ne kawai a watan Oktoba 2023, kuma kafin hakan hanya daya tilo ta fita daga liquid staking ita ce sayar da stETH a kasuwanni daban-daban a kan duk farashin da kasuwa ke ciki. Bayan Shanghai, masu amfani yanzu za su iya cirewa ta hanyar protocol din kai tsaye, amma yawan bukata zai iya sa a shiga layi wajen cirewar. Don haka maimakon dogaro kacokan a kan kasuwa, yanzu muna da damar mayar da ainihin hanyar daga stETH zuwa ETH a cikin protocol din.

Ana cimma wannan ne ta hanyar jerin smart contracts wadanda ke tafiyar da alakar sassa daban-daban masu aiki. Wadannan su ne takaitaccen bayani kan wadancan sassa:

1. Deposit contracts wadanda ke karbar ajiyar masu amfani tare da tara su domin rabawa ga validators

2. Rajistar node operator domin wadanda aka amince da su su bi diddigin rabon kudi da ayyukansu

3. Tsarin oracle wanda ke rubuta ma'aunin validator da ribar da aka samu zuwa cikin contracts (ana amfani da wadannan don lissafin rebasing)

4. Withdrawal credentials wadanda ke hada protocol da ainihin ma'aunin validator a consensus layer na Ethereum

5. Governance module inda masu rike da token ke kada kuri'a kan inganta protocol, canje-canjen kudi da kuma shigar da sabbin masu aiki

Kuma kowane bangare a ciki zai iya zama wurin da matsala zata fito. Sau da yawa ana iya juya oracles ko su dawo da bayanan da suka dade. Zai yiwu mahari ya iya mamaye governance ta hanyar mallakar kaso mai yawa na tokens don kada kuri'a daga tsarin. DeFi galibi cike yake da tarihin protocols da suka yi kama da amintattu har sai da matsala ta zo: an gano smart contracts dauke da kura-kurai da suka baiwa mahara damar kwashe kudade har ma bayan an yi binciken tsaro (audits) sau da yawa. Tarihin aiki yana taimakawa kadan — za ka iya jin dadi idan aikin ya dade yana aiki, kuma duka Lido da Rocket Pool suna da wannan nasarar a tare da su.

Hatsari, Sirri da kuma Abin da Masu Kula da Dokoki Ke Cewa

Gudanar da staking na gargajiya na Proof of Stake yana zuwa da babban hatsari guda daya, wanda masu shiga suka fahimta tun da farko: slashing. Idan validator din da kake gudanarwa — ko kake wakilta — ya sanya hannu sau biyu a blocks, ko kuma ya karya wata dokar protocol, sai a goge wani bangare na adadin da ka yi stake da shi. Ba kowane laifi ne ke daukar hukunci iri daya ba: wasu slashing na validator guda daya kadan ne, yayin da gazawar validators da yawa a lokaci guda na iya jawo manyan hukunce-hukunce saboda alakar matsalolin kayan aiki. Al'amuran slashing ba sa faruwa akai-akai tare da validators da aka kula da su da kyau. Suna faruwa amma da wuya sosai har da cewa mafi yawan masu stakers za su share shekaru ba tare da sun taba ganin ko daya kai tsaye ba.

Liquid staking yana daukar hatsarin slashing ya kara wasu karin haduran a kai. Idan aka yi wa wani node operator slashing a cikin pool din Lido, ana amfani da hukuncin ne a daidai kason kowa ga dukkan masu rike da stETH. Hadarinka ya rabu — protocol din Lido a bayyane yake raba ETH ga masu aiki da yawa saboda wannan dalili — amma hadarin na gaske ne, kuma ba ka da ikon kai tsaye kan wanda ke sarrafa ETH dinka ko kuma ko suna yin aiki mai kyau wajen kula da kayan aikinsu. An mika wancan hukuncin ga tsarin mulki wanda masu rike da token da ba ka taba haduwa da su ba ke gudanarwa.

Ya kamata mu duba hadarin depeg da kyau a lokacin da kasuwa ke tashin gwauron zabi (bull market) fiye da yadda muka yi a baya. A ka'ida, farashin stETH a kasuwannin gaba ya kamata ya bi ETH kusa da kusa a cikin yanayin kasuwa na yau da kullum. Tsarin cire kudi daga protocol din yana tabbatar da cewa za a iya karbar stETH a musanya da kusan daidai adadin ETH. Sai dai kuma, a cikin dan kankanin lokaci farashin kasuwar gaba yana amsa bukatar kasuwa da wadata ne maimakon tsarin fansa. Wannan bambancin farashi na iya faruwa idan manyan masu rike da kudi suna neman liquidity ta hanyar amfani da stETH don sayarwa cikin gaggawa.

Wannan ya faru a watan Yuni 2022. Durkushewar ekosistem din Terra ya haifar da jerin rugujewar bashi a duk fadin DeFi, kuma manyan masu kudi (whales) suka fara sayar da stETH cikin sauri wanda ya haifar da dubban tallace-tallace da suka mamaye stETH/ETH pool na Curve protocol. An rika sayar da stETH a kusan 0.94 ETH, ragi na 6% daga ainihin kimarsa: a lokacin da abin ya fi muni. A wancan lokacin, masu amfani da suka tilastu fita yayin da kudin ke nan sun tafka asara ta gaske. Ya dauki tsawon watanni da yawa na daidaituwar kasuwa kafin a warware matsalar depeg din, amma hakan ya nuna ainihin gaskiya a fili: Liquid staking token ba daya yake da ainihin abin da yake wakilta ba. Yana kasancewa ne a matsayin wakilci mai goyon bayan smart contract da kuma a matsayin protocol mai ci gaba da aiki. Farashin na tsayawa a yanayi na yau da kullum. Amma tabbacin yana samun matsala idan aka shiga damuwa.

Dangane da sirri kuwa, gaskiyar ita ce babu normal staking ko liquid staking da ke ba da wata kariya ta gaske tun daga asali. Kowane mutum mai binciken block (block explorer) zai iya ganin abin da kake yi a kan blockchain. Ajiya, Ladan da aka tara, adadin stETH dinka – duk suna kan blockchain kuma ana iya bin diddiginsu. Solo staking yana da irin wannan matakin bayyana a fili saboda karancin damar kebewa a cikin decentralization. Akwai kananan bambance-bambance a ainihin bayanan da ake bayyanawa, amma gaba daya yanayin sirri na hanyoyin biyu kusan iri daya ne a dukkan ma'ana: ayyukanka a bayyane suke ga kowa sai dai idan ka dauki takamaiman matakai don boye su. Babu wata hanyar staking da ke magance wannan a dabi'ance.

Yanayin tsarin dokoki ya inganta sosai a shekarar 2025, lokacin da Sashen Kula da Harkokin Kamfanoni na SEC ya gano cewa ayyukan liquid staking — ajiye kaddara a wani protocol tare da karbar staking receipt tokens a kan tsarin daya-da-daya — ba su shafi tayi ko sayar da securities ba a karkashin dokar Amurka. Wata sanarwa mai bangare biyu a gefe ta ce staking na gargajiya shi ma ya sami irin wannan hukunci. Tsare-tsaren biyu duk sun kubuta daga tsarin securities wanda ya dade yana sanya shakku a masana'antar tsawon shekaru. Haraji kuwa har yanzu yana da tsauri: ana karbar harajin ladan staking a matsayin kudin shiga na yau da kullum a daidai lokacin da suka shiga hannunka, wani tsarin da ba ya yi wa wasu bangarori dadi a masana'antar amma ba a canza shi ba. Rashin sanya shi a matsayin securities a Amurka kuma ba ya nufin za a samu irin wannan hukunci a wasu wuraren.

Wata takamaiman damuwa da ke da alaka da yadda Lido ke mamaye kasuwa ita ce concentration risk (hadarin tara kudi a wuri guda), wanda shi ma a bayyane aka dade ana nuna damuwa a kansa akai-akai ta hannun manyan masu gina Ethereum da kansu. Kasancewar protocol guda daya ke kula da kusan kashi ashirin da takwas na dukkan ETH da aka yi stake da su, babban hadari ne ga network da aka kera don ya samu kariya ta hanyar decentralization. Ba zai bukaci a raba Ethereum don fuskantar babban slashing ba idan har kayan aikin staking na Lido suka rushe: wata kafa a tsarin mulkin Lido, wata babbar matsala a smart contracts dinta, ko kuma node da yawa da aka yi stake da su a Lido a yi musu slashing a lokaci guda zai iya haifar da babbar barna ga masu amfani da Lido da kuma dukkan DeFi protocols da aka gina a kai ta hanyar amfani da stETH a matsayin jingina, wanda watakila har zai iya jefa daidaiton consensus na Ethereum cikin hadari. Wannan ba hasashe ba ne, lissafi ne na asali na tattara abu a wuri guda.

Samun Riba — Wanene A Zahiri Ke Cikin Samun Riba?

Kafa hujjar ka'ida cewa liquid staking ya fi kyau a fannin kudi fiye da normal staking abu ne mai saukin yi. Kana samun kusan dai-dai ainihin ribar staking amma kuma ba a jingine jarinka ba — zaka iya sanya liquid staking tokens dinka a kasuwannin bayar da bashi, liquidity pools ko masu tara riba don karin samun riba a kan ainihin ladan matakin farko na staking. Jari guda daya da ke yin ayyuka biyu ya kamata ya samar da riba fiye da wanda aka zuba a aiki guda daya kawai. A bayyane yake wannan ya fi kyau a ka'ida.

A zahiri yanayin ya fi haka sarkakiya. Lido tana daukar kashi 10 na dukkan ladan staking kuma dole ne ta yi hakan ta hanyar da ke nufin ainihin ribar da kake samu ta Lido za ta kasance kasa da ladan da solo validator ke samu a kan irin wannan ETH din da aka yi stake da shi. Ba wani babban gibi ba ne a ainihin lissafi — 'yan maki kadan ne a kowace shekara — amma na dindindin ne. Kana biya ne ta hanyar raguwar adadin ladanka akai-akai domin samun sauki, liquidity da rashin shingen fasaha.

Karin ribar DeFi daga sanya stETH a ka'ida zai iya cike wancan ragin, kuma ya samar da karin riba fiye da staking na yau da kullum. Sai dai samun wannan karin ribar yana bukatar daukar hadarin smart contract na duk protocols din da ka zuba kudi a ciki, hadarin kasuwa na impermanent loss a liquidity pool, da kuma hadarin tsari baki daya inda kake gudanar da wani hadadden matsayi da zai iya rushewa a lokacin matsin lamba. Don karin bayani, wannan shi ne hadarin dabarun tara riba a lokacin faduwar kasuwa kwatsam: masu amfani da suka yi amfani da leveraged liquid staking a lokacin faduwar kasuwa ta 2022 (karbar bashi ta hanyar jinginar stETH, siyan karin ETH da stETH da aka karba a matsayin bashi, sake yin stake, da sake karbar bashi) sun tafka mummunar asara. A lokuta da dama, asarar ta zama ta kudi gaba daya.

A kwatancen kai tsaye: validator guda daya zai sami cikakken ladan consensus layer, tare da duk priority fees da node dinsa ya samu, a cire karamin kudin gudanarwa. A halin yanzu, mai ajiya a Lido yana karbar irin wannan ladan consensus, a cire kashi 10 na protocol sannan kuma zai iya sanya stETH a wani wuri daban don samun riba a kansa. Idan stETH yana zaune kawai a wuri daya, yana samun riba kasa da solo validator. Idan aka sanya shi a protocol na bayar da bashi, yana samun ma fiye da haka — amma ya kara hadarin smart contract na protocols guda biyu a lokaci guda, maimakon guda daya.

Idan ka kalli yadda abubuwa suka gudana a baya, liquid staking ta manyan protocols ya tabbatar da bayar da sakamako mai kyau. Masu rike da stETH wadanda suka sayi kudin a lokacin da ya fadi kuma suka rike shi da karfi har ya wuce lokacin depeg na 2022 za su kasance lafiya lau. Ainihin asarar da ta fito daga sauye-sauyen kasuwannin gaba, wacce solo validators ba su shiga cikinta ba, ta shafi wadanda suka bukaci fita ne a lokacin matsin lamba. Validators na gargajiya sun ci gaba da karbar lada a kan aikinsu a duk tsawon lokacin. Hanyar mai sauki ta bayar da abin da ta yi alkawari tare da karancin abubuwan mamaki.

Gaskiyar magana a kan samun riba ita ce, liquid staking ya fi taimakawa mafi yawan masu shiga ta fuskar ba su dama maimakon biya kawai. Liquid staking ba kawai wata hanya ce ta daban ta ajiya ba; a zahiri, ita ce kadai hanyar samun ribar staking kwata-kwata idan ba ka da 32 ETH don gudanar da solo validator — wanda hakan ya shafi mafi yawan masu hulda da crypto. Idan kana da isasshen jari, da kuma sha'awar gudanar da validator, to akwai dalili mai karfi a nan na yin staking da ke samun riba mai dan yawa amma kuma ba shi da sarkakiya sosai. Tsohon tsarin staking mai kyau ba ya faduwa a kwatancen samun riba kai tsaye. Yana faduwa ne a fannin saukin shiga, kuma wannan shi ne babban abu ga mafi yawan mutane.

Abin da ke faruwa a sassan blockchain daban-daban a bayyane yake: masu amfani a koda yaushe za su nemi damar rage kudaden kayan aiki gwargwadon iko ba tare da kulle jari na tsawon lokaci fiye da yadda ya kamata ba. Maimakon yin staking na TRX dinsu na dogon lokaci, masu amfani da ke son biyan karancin kudin hada-hadar kudi a TRON za su iya siyan TRON Energy mai arha daga kasuwar da masu ba da hayar ke sarrafawa. Dangane da arhar farashin TRON Energy, masu amfani ba sa bukatar shiga yarjejeniyar dogon lokaci. Wannan yana yiwuwa ne ta hanyar sabis da ke aiki a matsayin mai tara energy (energy aggregator), inda ake tara tayi na kai tsaye daga dumbin masu samarwa — ma'ana za ka iya kwatanta farashin da ake gogayya da shi sannan ka zabi wanda kake so a duk lokacin da kake bukata. Wata hanya ce daban, sau da yawa don dalilai daban-daban fiye da staking, amma tana dauke da ainihin tunanin da ya sa liquid staking ya sami karbuwa a kasuwa: 'yancin amfani da jari, rage farashi da kuma karancin lokacin da kudi ke zama a banza.

Netts.io wata Kasuwa ce ta TRON Energy ta kai tsaye da ke tara tayi daga sama da masu samarwa ashirin — ciki har da Netts kanta, wacce a koda yaushe ke cikin mafi arha a kan sun 25 a kowace na'ura — tana ba masu amfani damar samun mafi kyawun farashin Energy nan take ba tare da bukatar yin staking na TRX ko kona shi kai tsaye ba.

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