{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u9322\u741b","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/chinshun","title":"\u300a\u8a08\u91cf\u7b56\u7565\u300b\u52a0\u5bc6\u8ca8\u5e63\u7e3d\u9396\u5b9a\u50f9\u503c\u91cf\u5316\u4ea4\u6613\u7b56\u7565(\u4e00) - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/653312\">\u300a\u8a08\u91cf\u7b56\u7565\u300b\u52a0\u5bc6\u8ca8\u5e63\u7e3d\u9396\u5b9a\u50f9\u503c\u91cf\u5316\u4ea4\u6613\u7b56\u7565(\u4e00)<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/653312\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u300a\u8a08\u91cf\u7b56\u7565\u300b\u52a0\u5bc6\u8ca8\u5e63\u7e3d\u9396\u5b9a\u50f9\u503c\u91cf\u5316\u4ea4\u6613\u7b56\u7565(\u4e00)&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime-fortuneinsight-cloud.s3.ap-southeast-1.amazonaws.com\/web\/wp-content\/uploads\/2022\/04\/04231924\/LUNA_strat_pnl_curve.png","thumbnail_width":940,"thumbnail_height":486,"description":"\u5728\u9019\u500b\u6587\u7ae0\u7cfb\u5217\u4e2d\uff0c\u5c07\u6703\u4ecb\u7d39\u5982\u4f55\u904b\u7528\u53bb\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8ca8\u5e63\u7684\u7e3d\u9396\u5b9a\u50f9\u503c\u4f5c\u6307\u6a19\uff0c\u6709\u6548\u548c\u6709\u7cfb\u7d71\u5730\u9810\u6e2c\u9019\u4e9b\u52a0\u5bc6\u8ca8\u5e63\u7684\u5c07\u4f86\u5e63\u50f9\u8868\u73fe\uff0c\u518d\u5957\u7528\u5728\u6c38\u7e8c\u5408\u7d04\u5e02\u5834\u4e0a\uff0c\u9032\u884c\u8cb7\u5165\u548c\u8ce3\u51fa\u7b56\u7565\uff0c\u7092\u8ce3\u53bb\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8ca8\u5e63\uff0c\u5f9e\u4e2d\u7372\u5229\u3002 &nbsp; \u57fa\u672c\u800c\u8a00\uff0c\u9664\u4e86\u6bd4\u7279\u5e63\u7b49\u65e9\u671f\u63a8\u51fa\u7684\u52a0\u5bc6\u8ca8\u5e63\u6703\u4f7f\u7528\u6bd4\u8f03\u50b3\u7d71\u7684\u5de5\u4f5c\u91cf\u8b49\u660e(Proof of Work)\u5916\uff0c\u7d55\u5927\u591a\u6578\u7684\u52a0\u5bc6\u8ca8\u5e63\u90fd\u5c6c\u65bc\u53bb\u4e2d\u5fc3\u5316\u9019\u4e00\u985e\u578b\u3002\u800c\u53bb\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8ca8\u5e63\u4e3b\u8981\u4f7f\u7528\u8f03\u65b0\u7684\u6301\u6709\u91cf\u8b49\u660e(Proof of Stake)\u4f5c\u70ba\u5171\u8b58\u6a5f\u5236\uff0cSOL\u5e63\u5247\u63a1\u7528\u4e86\u66f4\u65b0\u7a4e\u7684\u6b77\u53f2\u8b49\u660e(Proof of History)\u6a5f\u5236\uff0c\u9019\u4e9b\u5171\u8b58\u6a5f\u5236\u7684\u539f\u7406\u548c\u4ed6\u5011\u4e4b\u9593\u7684\u5206\u5225\u5247\u5728\u9019\u88cf\u7565\u904e\u3002\u6b63\u5982\u65e9\u524d\u7684\u6587\u7ae0\u6240\u63d0\u53ca\uff0c\u5b83\u5011\u7684\u5171\u901a\u9ede\u662f\u5bb9\u8a31\u6295\u8cc7\u8005\u9078\u64c7\u628a\u624b\u4e0a\u6301\u6709\u7684\u52a0\u5bc6\u8ca8\u5e63\uff0c\u9032\u884c\u8cea\u62bc(Staking)\u3001\u9032\u884c\u501f\u8cb8(Interest)\u3001\u6295\u5165\u6d41\u52d5\u6027\u6c60(Liquidity Pool)\u7b49\u6d3b\u52d5\uff0c\u9396\u5b9a\u624b\u982d\u4e0a\u6301\u6709\u7684\u52a0\u5bc6\u8ca8\u5e63\uff0c \u6309\u7167\u6642\u9593\u548c\u6295\u5165\u6578\u76ee\uff0c\u8cfa\u53d6\u76f8\u5c0d\u61c9\u7684\u52a0\u5bc6\u8ca8\u5e63\u734e\u52f5\u3002\u800c\u7576\u6211\u5011\u628a\u67d0\u4e00\u7a2e\u52a0\u5bc6\u8ca8\u5e63\u5e02\u5834\u4e0a\u6240\u6709\u6295\u8cc7\u8005\u9396\u5b9a\u7684\u52a0\u5bc6\u8ca8\u5e63\u6578\u91cf\u52a0\u8d77\u4f86\uff0c\u5f97\u51fa\u4f86\u7684\u6578\u503c\u4fbf\u662f\u7e3d\u9396\u5b9a\u50f9\u503c(Total Value Locked)\u3002 &nbsp; \u6839\u64da\u7e3d\u9396\u5b9a\u50f9\u503c\uff0c\u7406\u8ad6\u4e0a\u53ef\u4ee5\u986f\u793a\u76f8\u95dc\u52a0\u5bc6\u8ca8\u5e63\u662f\u5426\u53d7\u5230\u5e02\u5834\u6b61\u8fce\u548c\u4fe1\u5fc3\u3002\u8d8a\u9ad8\u7684\u7e3d\u9396\u5b9a\u50f9\u503c\uff0c\u5c31\u4ee3\u8868\u5e02\u5834\u6295\u8cc7\u8005\u5c0d\u9019\u7a2e\u52a0\u5bc6\u8ca8\u5e63\u7684\u524d\u666f\u548c\u7a69\u5b9a\u6027\u90fd\u5177\u6709\u4fe1\u5fc3\uff0c\u624d\u6703\u9858\u610f\u9396\u5b9a\u624b\u982d\u4e0a\u66f4\u591a\u7684\u52a0\u5bc6\u8ca8\u5e63\u3002\u9664\u6b64\u4e4b\u5916\uff0c\u7531\u65bc\u9396\u5b9a\u52a0\u5bc6\u8ca8\u5e63\u5f8c\uff0c\u6295\u8cc7\u8005\u96e3\u4ee5\u5373\u6642\u89e3\u9664\u9396\u5b9a\uff0c\u4e0d\u80fd\u5920\u96a8\u610f\u5730\u6cbd\u51fa\uff0c\u5f9e\u800c\u6e1b\u5c11\u4e86\u53ef\u80fd\u7522\u751f\u7684\u6cbd\u552e\u58d3\u529b\u3002 &nbsp; \u5118\u7ba1\u7db2\u7d61\u4e0a\u6709\u8457\u4e0d\u540c\u91dd\u5c0d\u7e3d\u9396\u5b9a\u50f9\u503c\u7684\u5206\u6790\u548c\u7406\u8ad6\uff0c\u66ab\u6642\u4ecd\u672a\u898b\u5230\u5be6\u969b\u6578\u64da\u652f\u6301\u9019\u4e9b\u5206\u6790\u3002 \u4f5c\u70ba\u91cf\u5316\u4ea4\u6613\u5206\u6790\u5c08\u6b04\uff0c\u7576\u7136\u6703\u5be6\u969b\u9032\u884c\u56de\u6eaf\u6e2c\u8a66(Backtesting)\u4f86\uff0c\u4ee5\u6578\u64da\u5316\u7684\u5206\u6790\u65b9\u6cd5\u4f86\u9a57\u8b49\u9019\u4e9b\u63a8\u8ad6\u548c\u908f\u8f2f\u662f\u5426\u6210\u7acb\u3002\u9019\u7bc7\u6587\u7ae0\u7cfb\u5217\u5c07\u6703\u9078\u64c7\u5e7e\u7a2e\u4e3b\u6d41\u7684\u53bb\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8ca8\u5e63\u9032\u884c\u56de\u6eaf\u6e2c\u8a66\uff0c\u5305\u62ecSolana(SOL)\u548cTerra(LUNA)\u7b49\u7b49\u3002\u9032\u884c\u7684\u56de\u6eaf\u6e2c\u8a66\u908f\u8f2f\u6709\u4e09\u500b\uff0c\u5206\u5225\u662f\u4ee5\u7a69\u5b9a\u5e63USDT\u8a08\u7b97\u7684\u6bcf\u65e5\u7e3d\u9396\u5b9a\u50f9\u503c\u7684\u767e\u5206\u6bd4\u6539\u8b8a\u3001\u4ee5\u53bb\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8ca8\u5e63\u672c\u8eab\u7684\u50f9\u683c\u8a08\u7b97\u7684\u6bcf\u65e5\u7e3d\u9396\u5b9a\u50f9\u503c\u7684\u767e\u5206\u6bd4\u6539\u8b8a\u3001\u4ee5\u53ca\u7e3d\u5e02\u503c\u9664\u4ee5\u6bcf\u65e5\u7e3d\u9396\u5b9a\u50f9\u503c\u6bd4\u4f8b\u7684\u767e\u5206\u6bd4\u6539\u8b8a\uff0c\u662f\u5426\u80fd\u6709\u6548\u548c\u6e96\u78ba\u5730\u9810\u6e2c\u4e0b\u4e00\u65e5\u7684\u53bb\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8ca8\u5e63\u50f9\u683c\u5347\u8dcc\uff0c\u662f\u5426\u80fd\u6709\u6548\u5730\u6210\u70ba\u7b56\u7565\uff0c\u904b\u7528\u5728\u81ea\u52d5\u5316\u4ea4\u6613\u7a0b\u5f0f\u4e4b\u4e2d\u3002 &nbsp; \u5f9e\u7d50\u679c\u800c\u8a00\uff0c\u4ee5\u6bcf\u65e5\u7e3d\u9396\u5b9a\u50f9\u503c\u9810\u6e2c\u4e0b\u4e00\u65e5\u7684\u53bb\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8ca8\u5e63\u50f9\u683c\uff0c\u5341\u5206\u6e96\u78ba\uff0c\u66f4\u662f\u9069\u7528\u65bc\u591a\u65bc\u4e00\u7a2e\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u8ca8\u5e63\uff0c\u5927\u5e45\u5ea6\u5730\u63d0\u5347\u4ed6\u5011\u7684\u6574\u9ad4\u56de\u5831\u8868\u73fe\u3001\u98a8\u96aa\u56de\u5831\u6bd4\u7387\u548c\u6e1b\u5c11\u6700\u5927\u56de\u64a4\u3002\u4e0b\u5716\u986f\u793a\u5f97\u51fa\u6700\u4f73\u8868\u73fe\u7684LUNA\u5e63\u7b56\u7565\u548c\u9577\u6642\u9593\u8cb7\u5165\u6301\u6709\u7684\u6bd4\u8f03\u5716\uff0c\u53ef\u4ee5\u767c\u73fe\u4e0d\u4f7f\u7528\u7b56\u7565\u3001\u9577\u6642\u9593\u8cb7\u5165\u548c\u6301\u6709\u7684\u590f\u666e\u6bd4\u7387\u662f3.06\uff0c\u7d2f\u7a4d\u56de\u5831\u7387\u662f796.19%\uff0c\u5176\u5be6\u5df2\u7d93\u76f8\u7576\u4e0d\u4fd7\u3002\u5728\u4f7f\u7528\u7b56\u7565\u5f8c\uff0c\u590f\u666e\u6bd4\u7387\u63d0\u5347\u81f36.36\uff0c\u7b56\u7565\u7684\u7d2f\u7a4d\u56de\u5831\u7387\u66f4\u90541328.27%\u3002\u53c3\u6578\u662f\uff1a\u767e\u5206\u6bd4\u8f49\u8b8a\u4f4e\u65bc4.83%\uff0cshort LUNA futures\uff0c\u767e\u5206\u6bd4\u8f49\u8b8a\u9ad8\u65bc0.51%\uff0c\u5247long LUNA futures\u3002\u521d\u6b65\u770b\u6c92\u6709overfitting risk\u3002 &nbsp; \u56de\u6eaf\u6e2c\u8a66\u7d50\u679c\u986f\u793a\uff0c\u5728\u7092\u8ce3LUNA\u548cSOL\u6642\uff0c\u908f\u8f2f\u4e00\uff0c\u5373\u4ee5\u7a69\u5b9a\u5e63USDT\u8a08\u7b97\u7684\u6bcf\u65e5\u7e3d\u9396\u5b9a\u50f9\u503c\u7684\u767e\u5206\u6bd4\u6539\u8b8a\u6700\u80fd\u5920\u6355\u6349\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u8ca8\u5e63\u7684\u50f9\u683c\u5347\u8dcc\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u5728\u9032\u884c\u9019\u6b21\u6578\u64da\u56de\u6eaf\u6e2c\u8a66\u6642\u5341\u5206\u4f9d\u8cf4\u7db2\u7d61\u76e3\u5bdf\u5e73\u53f0DeFiLlama\u7684\u6578\u64da\u8cc7\u6599\uff0c\u5118\u7ba1\u5df2\u7d93\u78ba\u4fdd\u5df2\u4e0b\u8f09\u6578\u64da\u4e4b\u9593\u7684\u6642\u9593\u9ede\u90fd\u662f\u76f8\u7b26\uff0c\u4f46\u4ecd\u7136\u672a\u80fd\u5920\u80af\u5b9a\u76e3\u5bdf\u5e73\u53f0\u5982\u4f55\u548c\u4f55\u6642\u651d\u53d6\u6578\u64da\uff0c\u7559\u4e0b\u4e86\u4e0d\u78ba\u5b9a\u6027\u3002\u6709\u820a\u5b78\u751f\u53cd\u6620\u5230\u4e86\u4e0b\u4e00\u4ea4\u6613\u65e5\u6642\uff0c\u4e0a\u500b\u4ea4\u6613\u65e5\u7684\u6578\u64da\u9084\u6709\u6539\u52d5\uff0c\u6240\u4ee5\u4e4b\u5f8c\u6703\u8a0e\u8ad6\u56db\u500b\u89e3\u6c7a\u65b9\u6cd5\u3002\u4e0d\u53ad\u5176\u7169\u5730\u91cd\u8907\uff0c\u5728\u9032\u884c\u5be6\u969b\u5730\u9032\u884c\u4efb\u4f55\u4ea4\u6613\u524d\uff0c\u90fd\u61c9\u5148\u5617\u8a66\u9032\u884c\u4e00\u6bb5\u6642\u9593\u7684\u6a21\u64ec\u4ea4\u6613\uff0c\u78ba\u4fdd\u9019\u4e9b\u6578\u64da\u548c\u4ea4\u6613\u7b56\u7565\u90fd\u662f\u6b63\u78ba\u548c\u6709\u6548\u7684\u3002 &nbsp; \u5728\u9019\u500b\u6587\u7ae0\u7cfb\u5217\u4e2d\uff0c\u5c07\u6703\u63a2\u8a0e\u5982\u4f55\u904b\u7528\u6578\u64da\u56de\u6e2c\uff0c\u6e2c\u8a66\u4f7f\u7528\u7e3d\u9396\u5b9a\u50f9\u503c\u7684\u5404\u7a2e\u4ea4\u6613\u908f\u8f2f\u3002\u672c\u6587\u70ba\u6587\u7ae0\u7cfb\u5217\u5176\u4e2d\u4e4b\u4e00\uff0c\u4e0b\u56de\u5f85\u7e8c\u3002 PS: \u5728FB\/IG\u63d0\u904e\u6703\u7c21\u55ae\u4ecb\u7d39\u52a0\u5bc6\u8ca8\u5e63\u5e02\u5834\u4e2d\u6027\u7b56\u7565\u7684\u908f\u8f2f\uff1a\u5728\u4e00\u7c43\u5b50\u9ad8\u6d41\u52d5\u6027\u7684\u52a0\u5bc6\u8ca8\u5e63\u5167\uff0c\u6bcf\u96bb\u90fd\u8a08\u7b9714\u5929\u7e3d\u56de\u5831\uff0c\u5c31\u662f\u7b56\u7565\u6307\u6a19\u3002\u7b56\u7565\u662f\u8981long\u64c1\u6709\u6700\u9ad8\u7e3d\u56de\u5831\u7684\u52a0\u5bc6\u8ca8\u5e63\uff0c\u540c\u6642short \u64c1\u6709\u6700\u4f4e\u7e3d\u56de\u5831\u7684\u52a0\u5bc6\u8ca8\u5e63\uff0c\u6240\u4ee5\u7b56\u7565\u662f\u5e02\u5834\u4e2d\u6027\u7684\u3002"}