Staking i dochód
Liquid staking explained
Liquid staking gives you a tradable claim on your staked coins so capital is not locked. Convenient — but you swap protocol risk for a stack of additional risks.
How the mechanism works
You deposit ether into a contract that spreads your stake across a set of validators. In return you get a token: either a rebasing token whose balance grows, or a token whose exchange rate against ether rises.
You can trade that token, use it as collateral or deploy it in DeFi. The underlying stake keeps validating.
Why the price can deviate
The token is not ether. If exits take days and many holders sell at once, a discount appears on the secondary market. Deviations of a few percent have occurred during stress.
As long as the protocol is healthy, the price converges back towards intrinsic value at the next exit window.
The risks you buy
Smart contract risk: one bug hits every participant at once. Governance risk: who can change parameters or operators? Concentration risk: when one protocol controls a large share of all stake, that becomes a systemic risk for the network itself.
Used in DeFi, leverage risk stacks on top: borrowing against a token that can itself deviate is a classic liquidation trap.
- A contract bug hits everyone simultaneously
- Depeg during market stress
- Governance can change operators and fees
- Leverage on LSTs amplifies losses
Kalkulator zysku ze stakingu
Sprawdź, ile daje staking netto po prowizji, kapitalizacji i inflacji sieci.
Dane
Wynik
APR netto (po prowizji)
4,50 %
APY netto (z kapitalizacją)
4,60 %
Zysk realny (po inflacji)
2,55 %
Nagrody w 1. roku
46,025 monet
Średnio dziennie (rok 1)
0,1261 monet
Saldo końcowe
1144,5273 monet
Wartość przy stałej cenie
1144,53 €
Wzrost stawki
Ryzyko
Staking to nie konto oszczędnościowe. Slashing, przestoje walidatora, okresy unbondingu, błędy smart kontraktów w liquid stakingu i spadek kursu mogą zmniejszyć pozycję. Wysoki APR zwykle rekompensuje wysoką inflację lub ryzyko. To nie jest porada inwestycyjna.
Zaokrąglenia i założenia
Zakładamy stały APR, stałą cenę i równe okresy. APY = (1 + APR netto / n)^n − 1. Zysk realny to (1 + APY) / (1 + inflacja) − 1. Kwoty pokazujemy z czterema miejscami (monety) i dwoma (waluta), a obliczenia prowadzimy bez zaokrągleń. Podatki i opłaty nie są uwzględnione.
APY = (1 + APR/n)^n − 1
Najczęstsze pytania
Do I earn the same with an LST as solo staking?
No, slightly less: the protocol keeps a commission, usually around 10 percent of rewards, sometimes split between operators and a treasury.
Is an LST safer than exchange staking?
Different, not necessarily safer. You replace counterparty risk with smart contract and governance risk. Judge audits, track record and the size of the operator set.
Czytaj dalej
What is staking?
Staking explained without marketing language: what you actually do, who pays you, why there is a yield and which returns are realistic.
Restaking explained
What restaking is, which problem it solves for new services and why researchers and regulators are cautious about it.
Choosing a staking platform
What to check on commission, licensing, custody, exit terms and transparency — with a concrete checklist.