Ungayisebenzisa Kanjani I-Fractional Reserve Lending ku-Crypto

1. Uhlolojikelele lwe-Fractional Reserve Lending

1.1 Chaza i-Fractional Reserve Lending

I-Fractional reserve lending iwuhlelo lwasebhange lapho ingxenye encane kuphela yediphozithi yasebhange idingeka ukuthi igcinwe endaweni ebekiwe, okusele kwenziwe kutholakalele ukubolekwa. Lolu hlelo luvumela izikhungo zezezimali ukuthi zenze izikweletu ezidlula kude izimali ezibekiwe, ziphindaphinde umthelela wediphozithi ngayinye emnothweni. Emabhange ajwayelekile, izimali ezigciniwe zisebenza njengesivikelo sokuqinisekisa ukuthi amabhange angakwazi ukuhlangabezana nezidingo zokuhoxiswa kwabantu abafaka imali, njengoba nje iningi lezimali libolekwa ukuze likhiqize inzalo futhi likhuthaze umsebenzi wezomnotho.

1.2 Chaza Umcabango Osengqikithini Yezimali Eziyimfihlo

In the cryptocurrency isikhala, ukubolekwa kwe-fractional reserve kuwumqondo osafufusa. Ngokufana namabhange endabuko, crypto izinkundla zokuboleka zibamba ingxenye yediphozi ebekiwe ngenkathi ziboleka enye ukuze zithole imbuyiselo. Lokhu kuvamise ukwenziwa lula ngezimali ezihlukaniselwe amazwe (Defi) amapulatifomu, lapho abanikazi be-crypto bangafaka khona izimpahla zabo njengesibambiso futhi, nabo, bathole imali mboleko stablecoins noma enye cryptocurrencies. Umehluko omkhulu endaweni ye-crypto ukungabikho kweziphathimandla ezimaphakathi, okusho ukuthi izinkontileka ezihlakaniphile zivame ukwenza inqubo yokubolekisa ngokuzenzakalelayo futhi ziphoqelele izidingo zokugcinwa kwemali.

Ku-crypto ecosystem, ukubolekwa kwe-fractional reserve kusebenza ngokuzuza Ubuchwepheshe be-blockchain ukunikeza ukucaca okwengeziwe. Izinkontileka ezihlakaniphile zingasho isilinganiso sokugodla, amanani entengo, kanye nemibandela yokubolekwa kwemali, okwenza isistimu ithembele kancane kubaxhumanisi babantu. Lokhu kunamandla okwenza intando yeningi ukufinyelela kusikweletu izimakethe, okuvumela abasebenzisi emhlabeni wonke ukuthi babambe iqhaza emisebenzini yokuboleka nokuboleka ngaphandle kwesidingo sabalamuli bezezimali bendabuko.

1.3 Gqamisa Izinzuzo Nezingozi Ezingaba Khona

Ukubolekwa kwe-Fractional reserve ku-crypto kunamandla okunikeza izinzuzo ezibalulekile ezimbalwa, okuhlanganisa nokukhuphuka izimali, inzuzo enenzalo yababolekisi, kanye nokusebenza kahle okukhulu kwezimali ngaphakathi komnotho ohlukaniselwe amazwe. Ababoleki bangafinyelela izimali ngaphandle kokuvala izimpahla zabo ze-crypto, kuyilapho ababolekisi bethola inzalo ngokubeka izimpahla zabo emsebenzini.

Nokho, le ndlela futhi yethula izingozi. Imvelo yokwahlukaniswa kwendawo ye-crypto isho ukuthi amanetha okuphepha endabuko, afana nebheyili kahulumeni noma umshwalense wediphozithi, awatholakali. Ngaphezu kwalokho, Ukukhishwa kwemakethe ingakhulisa ubungozi kubo bobabili ababolekisi nababolekayo, njengoba ukushintsha kwentengo okubukhali ezimpahleni ze-crypto kungase kuthinte inani lesibambiso kanye nezikweletu. Ngaphandle ngempumelelo ingozi abaphathi, ababolekayo bangabhekana wekhasi izingcingo, kuyilapho ababolekisi bengase bazithole bengakwazi ukubuyisela izimali zabo.

2. Ukuqonda I-Fractional Reserve Lending ku-Crypto

2.1 Izingxenye Ezibalulekile

Ukubolekwa kwe-fractional reserve kumongo we-cryptocurrencies yakhelwe phezu kwezingxenye ezimbalwa ezibalulekile ezakha indlela uhlelo olusebenza ngayo. Ngayinye yalezi idlala indima ebalulekile ekusebenzeni kwezinkundla zokubolekisa nge-crypto.

2.1.1 Isibambiso

Ekubolekweni kwe-crypto, isibambiso siyimpahla ethenjiswe umboleki ukuze aqinisekise ukubolekwa. Ngokungafani nezinhlelo zendabuko, lapho izimpahla ezibonakalayo ezifana ukuthengisa izindlu ingase isebenze njengesibambiso, esikhaleni se-crypto, izimpahla zedijithali ezifana Bitcoin noma i-Ethereum isetshenziswa kakhulu. Inani lesibambiso ngokuvamile kufanele lidlule inani lemalimboleko, elisebenza njengesivikelo somboleki uma kwenzeka umboleki ehluleka ukwenza iphutha noma inani le-cryptocurrency lishintshashintsha kakhulu.

Umehluko owodwa oyinhloko ekubolekeni kwe-crypto ukuthi isibambiso sihlala sifinyeleleka ku-blockchain, lapho izinkontileka ezihlakaniphile zingavala ngokuzenzakalelayo isibambiso uma inani lazo liwela ngaphansi komkhawulo othile, ukuqinisekisa ukuthi ababolekisi bavikelekile ngisho nasezimakethe eziguqukayo.

2.1.2 Izimalimboleko

Imalimboleko ye-Crypto inikezwa ngokusekelwe enanini lesibambiso somboleki. Lezi zimali mboleko zingakhishwa ngama-stablecoins noma amanye ama-cryptocurrencies. Ababoleki bangasebenzisa lezi zimali mboleko ngezinhloso ezahlukahlukene ngaphandle kokuthi bathengise imali yabo ye-crypto. Isikhangisovantage yalokhu kusetha ukuthi ababoleki bangaqhubeka nokubamba izimpahla zabo, okungenzeka bazuze ekwenyukeni kwamanani esikhathini esizayo kuyilapho besathola imali.

Imigomo yemalimboleko, okuhlanganisa izilinganiso zenzalo namashejuli okukhokha, ngokuvamile ahlelwa kusengaphambili abe yizinkontileka ezihlakaniphile. Le nqubo ezenzakalelayo iqeda isidingo sabalamuli futhi iqinisekisa uhlelo olunobulungiswa obuswa ikhodi esobala, engaguquki.

2.1.3 Amazinga enzalo

Amanani enzalo ekubolekeni kwe-cryptofractional reserve anamandla futhi angahluka kuye ngemakethe kwesidzingo, izimfuneko ezibekiwe zenkundla, kanye nezimpahla ezithile ezihilelekile. Ngokungafani namabhange endabuko, lapho izilinganiso zenzalo zibekwe iziphathimandla ezimaphakathi noma zithonywe inqubomgomo yezimali, izilinganiso zenzalo ye-crypto ziqhutshwa kakhulu yimakethe. Ukunikezwa kanye nokufunwa kwezimali ezithile ze-cryptocurrensets kanye ne-stablecoins kuthinta ngqo imali etholwa ababolekisi benzalo kanye nababolekayo.

Izinga lenzalo ephakeme livamise ukuhlotshaniswa ne-cryptocurrencies eguquguqukayo, kuyilapho ama-stablecoins evamise ukuza namanani aphansi, angabikezelwa. Ezinye izinkundla zinikeza namazinga aguquguqukayo ashintsha ngokuhamba kwesikhathi, kuye ngokuthi imakethe ebanzi isebenza kanjani.

2.1.4 Izidingo Zokugcina

Izidingo zokubhukha zikhomba inani lezimpahla ezidiphozithiwe inkundla okufanele izigcine ukuze kuhlangatshezwane nezicelo zokuhoxiswa okungenzeka ezivela kubasebenzisi. Emalini ebolekiwe eyi-fractional reserve, lezi zigodlo ziqinisekisa ukuthi kunezimpahla ezanele ezitholakalayo uma inani elibalulekile labagcinisi noma ababolekisi lifuna ukukhipha izimali zabo ngesikhathi esifanayo.

Ezisekelweni ze-crypto, isilinganiso sokugodla singahluka kakhulu ekubhangeni okujwayelekile ngenxa yemvelo yokwehlukaniswa kwesistimu kanye nokuntengantenga kwezimali ze-crypto. Ezinye izinkundla zezimali ezinwetshiwe (i-DeFi) zingase zingabi nazo izilinganiso ezigxilile zokugodla, esikhundleni salokho zithembele ezidingweni zokubambisa ukuze zilawule ubungozi.

2.2 Indlela Esebenza ngayo

2.2.1 Incazelo Yesinyathelo Nesinyathelo Yenqubo Yokuboleka

Inqubo yokubolekwa kwe-crypto fractional reserve ngokuvamile ilandela uchungechunge lwezinyathelo ezizenzakalelayo:

1. Umboleki ufaka i-cryptocurrency endaweni yokuboleka njengesibambiso.
2. Ngokusekelwe kunani lesibambiso, umboleki uthola imali ebolekiwe ngama-stablecoins noma amanye ama-cryptocurrencies, ngokuvamile ngephesenti yenani eliphelele lesibambiso.
3. Ababolekisi, nabo abafake izimpahla zabo ze-crypto endaweni yesikhulumi, bathola inzalo emalini esetshenziselwa ukuboleka.
4. Izinkontileka ezihlakaniphile zilawula konke okwenziwayo, ziqinisekisa ukuthi uma inani lesibambiso lehla kakhulu, liyaqedwa ngokuzenzekelayo ukuze kukhave imali ebolekiwe futhi kuvikelwe umebolekisi.

Le nqubo iqeda isidingo sabalamuli, njengoba izinkontileka ezihlakaniphile ziphoqelela imigomo yemali mboleko futhi ziqinisekisa ukubamba izinto obala.

2.2.2 Iqhaza Labalamuli (isb., Izinkundla Zokuboleka)

Ohlelweni lwezezimali lwendabuko, abalamuli abafana namabhange kanye brokers dlala indima ebalulekile ekusizeni izikweletu. Kodwa-ke, esikhaleni se-crypto, amapulatifomu ahlukanisiwe avame ukuthatha le ndima. Lezi zinkundla zisebenza njengabalamuli, zivumela abasebenzisi ukuthi babolekise futhi baboleke ngokuqondile.

Amapulatifomu afana ne-Aave, Compound, kanye noMenziDAO abolekisa ngokuzenzakalelayo ngokusebenzisa izinkontileka ezihlakaniphile, enikeza indlela esobala nehlukaniselwe ukuphatha imalimboleko. Lezi zingxenyekazi zithola izinkokhelo kubaboleki ngendlela yenzalo futhi zinganikeza izikhuthazo kubabolekisi ngokusabalalisa amathokheni enkundla ngaphezu kwenzalo ezuziwe.

2.3 Ukuqhathanisa Nokubhange Kwendabuko

2.3.1 Ukufana Nokwehluka

Kukhona ukufana okuphawulekayo phakathi kwesistimu ye-fractional reserve yasebhange kanye nezinkundla zokubolekisa ngemali ye-crypto. Kokubili kuncike ohlelweni lapho ingxenye kuphela yediphozithi igcinwa khona, kuyilapho iningi libolekwa ukuze likhiqize imbuyiselo.

Nokho, kukhona umehluko omkhulu:

• Ukulamula: Ukubhanga okujwayelekile kuncike kakhulu kubaxhumanisi abangabantu kanye nezikhungo, kanti izinkundla zokuboleka nge-crypto ngokuvamile zihlukaniswa, zithembele kuzinkontileka ezihlakaniphile ukuze zenze izinqubo ngokuzenzakalelayo.
• Collateral: Nakuba zombili izinhlelo zisebenzisa isibambiso, uhlobo lwesibambiso luyahluka, ngemalimboleko ye-crypto isekelwa izimpahla zedijithali kunezimpahla ezibonakalayo noma zezimali.
• Regulation: Ukubhanga kwendabuko kungaphansi kwemithetho kahulumeni kanye nokwengamela, kuyilapho izinkundla zokubolekisa nge-crypto zivame ukusebenza endaweni eguquguqukayo, engalawulwa kancane. Lokhu kunikeza amathuba okuqamba izinto ezintsha kodwa futhi kwethula ubungozi obengeziwe kubahlanganyeli.

3. Izinzuzo zokubolekwa kwe-Fractional Reserve ku-Crypto

3.1 I-Liquidity Enyukile

Enye yezinzuzo ezibaluleke kakhulu zokubolekwa kwe-fractional reserve endaweni ye-cryptocurrency ukwanda imali yemakethe. Izimakethe ze-Crypto zivame ukugxekwa ngokushintshashintsha kwazo kanye nokuntuleka kwezimali, ikakhulukazi ezincane noma ezincane-traded amathokheni. Ngokusebenzisa i-fractional reserve lending, amapulatifomu angadedela izimpahla ezingasebenzi ukuze zisakazwe, okuvumela ukushelela nokuqine ngokwengeziwe. ukuhweba imisebenzi.

3.1.1 Ingayithuthukisa Kanjani Imali Yemakethe

Ukubolekwa kwe-fractional reserve kuvumela abasebenzisi ukuthi bafinyelele ku-liquidity ngaphandle kokuthengisa izinto zabo. Lokhu kusho ukuthi abanikazi be-cryptocurrency abakholelwa enanini lesikhathi eside lezimpahla zabo bangazisebenzisa njengesibambiso semali mboleko kunokuthengisa ngezikhathi ezingafanelekile. Ngenxa yalokho, kuneqoqo elikhulu lezimpahla ezisatshalaliswayo, ezifaka isandla ezimakethe ezijulile kanye namanani azinzile.

Isibonelo, umnikazi we-Bitcoin angase angafuni ukuthengisa impahla yakhe ngenxa yokwazisa okungase kube khona esikhathini esizayo kodwa usadinga imali esheshayo. Ngokubolekwa kwe-fractional reserve, bangaboleka nge-Bitcoin yabo, bengeze imali emakethe ngenkathi besagcine ubunikazi bempahla yabo.

3.1.2 Amathuba Okuzinza Kwentengo

Ukwenyuka kwe-liquidity ngaphakathi kwe-crypto ecosystem kungasiza ukuguquguquka kwentengo okushelelayo, okungase kuholele ekuzinzeni kwentengo okukhulu ngokuhamba kwesikhathi. Ngokugcina izimpahla zisakazwa, ukubolekwa kwemali okuyingxenye kusiza ukulinganisela ukuhlinzeka kanye namandla okudinga okuvame ukuholela ekushintsheni kwentengo okubukhali. Lapho amafa amaningi etholakala trade kanye nokuboleka, imakethe iba ncane ukuthambekela ekukhuphukeni okungazelelwe noma ukwehla kwentengo, okuyinkinga evamile ezimakethe ezinemali ephansi.

3.2 Ukufinyelela Imali Enkulu

Ukubolekwa kwe-fractional reserve nakho kunikeza isikhangiso esibalulekilevantage kubaboleki ngokunikeza ukufinyelela okulula kumali. Ohlelweni lwezezimali oluvamile, abantu abaningi noma amabhizinisi abhekana nezithiyo eziphezulu lapho efuna imali ebolekiwe, kungakhathaliseki ukuthi kungenxa yomlando wesikweletu noma ukuntuleka kwesibambiso esifanele. Ngokuphambene, izinkundla zokuboleka imali ze-crypto zenza ukuboleka kufinyeleleke kalula kubabukeli bomhlaba wonke, kusetshenziswa impahla yedijithali njengesibambiso.

3.2.1 Amathuba Ababolekayo Okuthola Izimali

Ababolekayo abasesikhaleni se-crypto bangasebenzisa izimpahla zabo ukuze bavikele imalimboleko ngaphandle kwesidingo sokuhlolwa kwezikweletu okude noma izithiyo ze-bureaucratic. Lokhu kunikeza indlela eshesha kakhulu nesebenza ngempumelelo yokuthola imali uma iqhathaniswa nezinhlelo zamabhange ezijwayelekile. Abantu ngabanye noma amabhizinisi anganakekelwa kahle amabhange avamile angafinyelela imali ukuze atshale emathubeni, akhokhe izindleko zokusebenza, noma asetshenziselwe izidingo zomuntu siqu.

Ngaphezu kwalokho, lezi zinkundla azinamngcele, okusho ukuthi noma ngubani okwazi ukufinyelela ku-cryptocurrency angaba namandla okubamba iqhaza, aqhubekisele phambili ukwenza intando yeningi ukutholakala kwemali. Lokhu kungaba usizo ikakhulukazi emazweni noma izifunda lapho izinsiza zezezimali zingathuthukisiwe.

3.2.2 Ukukhuthaza Umsebenzi Wezomnotho

Ngokwenza imali eyinhloko ifinyeleleke kalula, ukubolekwa kwe-fractional reserve ku-crypto ecosystem kunamandla okuvuselela umsebenzi wezomnotho ngaphakathi nangaphandle komnotho wedijithali. Amabhizinisi angavikela izimali zokwandisa, ukusungula izinto ezintsha, noma ukutshalwa kwezimali ngaphandle kokuthi baqede imali yabo ye-crypto, bagcine izimpahla zabo ngaphakathi kwe-ecosystem ngenkathi besazuza ku-liquidity. Lo mjovo we-liquidity ungasiza ngezimali amaphrojekthi amasha, udale amathuba emisebenzi, futhi uqhubekisele phambili ukwamukelwa okubanzi kwama-cryptocurrencies.

3.3 Isizukulwane Senzalo

Kubabolekisi, enye yezinzuzo eziyinhloko zokubolekwa kwe-fractional reserve yikhono lokukhiqiza inzalo ezimpahleni ze-crypto ezingasebenzi. Kunokuba umane ubambe ama-cryptocurrensets futhi ulinde inani lawo laziwe, izinkundla zokubolekwa kwesabelomali eziyingxenye zinikeza abasebenzisi indlela yokusebenzisa impahla yabo, ikhiqize ukusakazwa kwemali engenayo ngezinkokhelo zenzalo.

3.3.1 Indlela Ababolekisi Bangayithola Kanjani Imbuyiselo Kumpahla Yabo Ye-Crypto

Ababolekisi kumapulatifomu e-crypto ngokuvamile bathola inzalo ngokufaka izimpahla zabo kumachibi okubolekisa. Lezi zimpahla zibe sezitholakala kubaboleki, abakhokha inzalo emalini ebolekiwe abayitholayo. Ezimweni eziningi, lezi zilinganiso zenzalo zingancintisana kakhulu uma ziqhathaniswa nokonga okujwayelekile noma imikhiqizo yokutshalwa kwezimali, okuyenza ibe inketho ekhangayo kubanikazi besikhathi eside.

Amapulatifomu ngokuvamile ahlinzeka ngamanani enzalo angaguquki naguquguqukayo, okuvumela ababolekisi ukuthi bakhethe ubungozi futhi babuyisele iphrofayili ebafanele kangcono. imigomo yezezimali. Izilinganiso ezigxilile zinikeza ukuzinza, kuyilapho izilinganiso eziguquguqukayo zinganikeza imbuyiselo ephezulu ngezikhathi zokukhuphuka kwesidingo sokuboleka.

3.4 Ukuqamba kanye Nentuthuko

Ukwethulwa kokubolekwa kwemali okuyingxenye ye-fractional reserve endaweni ye-cryptocurrency kunamandla okukhuthaza ukuqamba okusha okubalulekile futhi kuqhubekisele phambili ukuthuthukiswa kwayo yonke i-ecosystem. Njengoba abasebenzisi namabhizinisi abengeziwe behlanganyela nezinkundla zokubolekisa ngemali ye-crypto, isidingo sezinsizakalo ezithuthukisiwe, izimiso eziyisisekelo ezivikeleke kakhudlwana, kanye nemikhiqizo yezezimali emisha iyakhula.

3.4.1 Ukukhuthaza Ukukhula Kwe-Crypto Ecosystem

Ngokunikeza abasebenzisi izindlela ezengeziwe zokuxhumana nokusebenzisana nokusebenzisana nezimpahla zabo ze-crypto, ukubolekwa kwemali okuyingxenye kusiza ukwandisa ukusebenza kwezimali ze-crypto ngaphezu kokuqagela nje. Idala izimo ezintsha zokusetshenziswa kwezimpahla zedijithali, njengokuboleka, ukuboleka, nokukhiqiza isivuno, okubuye kuhehe ababambiqhaza abengeziwe ku-ecosystem.

Le nqubo ekhulayo ye-ecosystem ingasheshisa ukuthuthukiswa kwemikhiqizo ye-DeFi eyinkimbinkimbi, okuholela ekudalweni kwezinhlelo zezezimali ezintsha ezihlukaniselwe amazwe. Njengoba ukuqamba okusha kuqhubeka, imakethe ye-crypto ingaguqukela ekubeni isibuko noma idlule ngisho nezinhlelo zezezimali zendabuko ngokuya ngensizakalo nolwazi lomsebenzisi.

4. Izingozi Nokucatshangelwa

Nakuba ukubolekwa kwemali okulinganiselwe kunikeza izinzuzo eziningi endaweni ye-cryptocurrency, futhi kwethula uhla lwezingozi bobabili ababoleki nababolekisi okufanele bazicabangele ngokucophelela. Imvelo yokwahlukaniswa kwe-crypto ecosystem, kuhlanganiswe nokuntengantenga kwezimpahla zedijithali, kungadala izinselelo eziyingqayizivele ezihluke kakhulu ezinhlelweni zezezimali zendabuko.

4.1 I-Counterparty Risk

I-Counterparty risk ibhekisela engcupheni yokuthi ingxenye eyodwa ekwenziweni kokubolekisa izohluleka ukuhlangabezana nezibopho zayo, okuholela ekulahlekelweni ngokwezimali kwelinye iqembu. Ekubolekeni kwe-crypto, lokhu ngokuvamile kubhekisela kumuntu obolekayo ongakhokhi imali ebolekiwe. Njengoba izimpahla ze-crypto zingashintshashintsha kakhulu ngenani, ababoleki bangase bazithole bengakwazi ukubuyisela imali ebolekiwe uma inani lesibambiso sabo lehla kungazelelwe.

4.1.1 Ubungozi Bokuthi Ababoleki Bahluleke Ukuboleka Imali Ebolekiwe

Uma inani lesibambiso lehla kakhulu ngesikhathi semalimboleko, umboleki angase angakwazi noma angazimisele ukubuyisela imali ebolekiwe, ashiye umbolekisi enesibambiso esinganele ukuze akhokhe ukulahlekelwa. Kwezezimali zendabuko, amabhange angase abe nezinhlelo zokuthola amaphuzu esikweletu kanye nezindlela ezingokomthetho zokubuyisela ukulahlekelwa kubaboleki abazenzakalela, kodwa esikhaleni se-crypto, ukuboleka ngokuvamile akushiwo, ngaphandle kwegunya elimaphakathi lokuphoqelela ukukhokha.

Lokhu kwandisa ubungozi kubabolekisi, njengoba bengase bangabi nayo indlela yokubuyisela izimali zabo uma umboleki ehluleka ukwenza iphutha. Izindlela zokuvala ezizenzakalelayo ezakhelwe ezinkontilekeni ezihlakaniphile zingayinciphisa le ngozi ngokwezinga elithile, kodwa ukuphahlazeka kwemakethe okungazelelwe kungase kubangele ukubambezeleka noma isibambiso esinganele ukumboza inani eliphelele lemalimboleko.

4.1.2 Amasu Okunciphisa (isb., Ukubambisana, Ukuthola Amaphuzu Ngesikweletu)

Ukuze kuncishiswe ubungozi babanye, izinkundla zokubolekisa nge-crypto zivame ukudinga ukubambisana ngokweqile, okusho ukuthi umboleki kufanele enze isibambiso sezimpahla ezibiza ngaphezu kwenani lemalimboleko. Lokhu kunikeza ibhafa uma kwenzeka inani lesibambiso liwa. Isibonelo, inkundla ingase idinge isilinganiso esingu-150% sokwenza isibambiso, okusho ukuthi obolekayo ofuna imali ebolekiwe engu-$1,000 kufanele athembise u-$1,500 we-crypto.

Ngaphezu kwalokho, ezinye izinkundla zihlola amasistimu wokuthola amagoli esikweletu angahlola ukwethembeka komboleki ngokusekelwe emsebenzini wabo we-on-chain kanye nomlando wokuboleka wangaphambilini. Nakuba lokhu kusesezigabeni zakho zokuqala, kunamandla okwehlisa ubungozi bozakwethu ngaphandle kokudela ubumfihlo noma ukunwetshwa okumaphakathi kwe-crypto.

4.2 Ukuntengantenga kwezimakethe

Ama-Cryptocurrencies aziwa ngokushintshashintsha kwentengo yawo ephezulu, okungadala ubungozi obubalulekile kubo bobabili ababolekayo nababolekisi ekubolekeni kwesabelomali esiyingxenye. Ukushintsha kwentengo okusheshayo kungase kuthinte inani lesibambiso, kubeka izimali zomboleki engcupheni uma inani lempahla ebolekiwe lehla kakhulu noma ngokushesha kakhulu.

4.2.1 Umthelela Wokuguquguquka Kwamanani Ezinto Ezibolekiswayo kanye Nokukhokha Ngezikweletu

Kwezezimali zendabuko, izimpahla ezisetshenziswa njengesibambiso, njengezindlu ezithengiswayo, ngokuvamile zizinzile ngenani. Nokho, esikhaleni se-crypto, amafa afana ne-Bitcoin ne-Ethereum angathola ukwehla kwentengo okucijile, okungaholela ekwehlulekeni kwababolekayo abangasakwazi ukulondoloza inani lesibambiso sabo.

Kubabolekisi, lokhu kuguquguquka kwethula ingcuphe yokwenziwa isibambiso ngaphansi, lapho inani lesibambiso somboleki liwela ngaphansi kwenani lemalimboleko, okushiya ababolekisi benemali mboleko engaqoqwe. Ngezikhathi zokuntengantenga kwezimakethe ngokwedlulele, ngisho nezinqubo zokuvala imali ezizenzakalelayo kungenzeka zingenzeki ngokushesha ngokwanele ukuze kuvikelwe izimali zomboleki.

4.2.2 Amasu Okulawula Ubungozi (isb., Ukubiyela, Ukuhlukahluka)

Ukuze ulawule ubungozi obuhambisana nokuntengantenga kwemakethe, bobabili ababoleki nababolekisi bangasebenzisa okuhlukahlukene ukulawulwa kwezinhlekelele amasu. Ukuqotshwa amasu, njengokunciphisa impahla esebenza njengesibambiso, kungasiza ukuvikela ekwehleni kwentengo. Ngaphezu kwalokho, ukuhlukahluka yesibambiso kunganciphisa ukuchayeka ekunyakazeni kwentengo yempahla eyodwa.

Ezinye izinkundla futhi zinikeza izinketho zomshwalense noma amachibi okwabelana ngokulahleka lapho abasebenzisi bengazivikela khona ekulahlekelweni okukhulu. Lezi zindlela zihlose ukwengeza ungqimba lwezokuphepha, nakuba zivame ukuza ngezindleko ezengeziwe.

4.3 Ukungaqiniseki Ngokulawula

Imvelo yokulawula ezungeze ukubolekwa kwemali ye-cryptocurrency ayikacaci ezingxenyeni eziningi zomhlaba. Ohulumeni neziphathimandla zezezimali basanquma ukuthi zingahlukaniswa kanjani futhi zilawulwe kanjani izimpahla zedijithali kanye nezimali ezihlukaniselwe amazwe, okungaba nomthelela ekutheni ukubolekwa kwemali okuyingxenye yezabelo kusebenza kanjani esikhathini esizayo.

4.3.1 Izinselele ezingaba khona zezomthetho kanye nokuhambisana

Amapulatifomu okubolekisa nge-Crypto avame ukusebenza endaweni empunga elawulayo, njengoba imithetho ekhona elawula imisebenzi yezezimali ingase ingasebenzi ezinhlelweni ezimisiwe. Ngaphandle kwemithethonqubo ecacile, lezi zinkundla zifaka engozini yokuvalwa noma ukubhekana nezinselele zomthetho ezivela kohulumeni abazibona njengosongo ezinhlelweni zamabhange ezivamile.

Kubasebenzisi, ukuntuleka kwemithetho kungasho ukuvikelwa okuncane uma kwenzeka kuba nokukhwabanisa, ukwehluleka kwenkundla, noma ukuqothuka. Ngokuphambene namabhange endabuko, lapho ama-deposit evame ukuqinisekiswa, amapulatifomu okuboleka kwe-crypto ngokuvamile awanikezi iziqinisekiso ezinjalo.

4.3.2 Izinhlaka Zokulawula Ezithuthukayo

Ukuzulazula kulokhu kungaqiniseki, amapulatifomu amaningi athatha izinyathelo zokuthobela imithetho ekhona noma asebenze ezindaweni ezinemithetho evumayo ye-crypto. Ezinye izinkundla seziqalile ukwamukela izimiso ze-know-your-customer (KYC) ukuze kuhlangatshezwane nezindinganiso zokulwa nokushushumbiswa kwemali (i-AML), nakuba lokhu ngezinye izikhathi kungase kungqubuzane nemithetho yokwahlukaniswa kwezindawo endaweni ye-crypto.

Ngokuzayo, indawo yokulawula kulindeleke ukuthi iguquke, ibe nemihlahlandlela ecace kakhudlwana yezinkundla zokubolekisa ngemali ye-crypto. Ukuhlala unolwazi mayelana nezinguquko zokulawula nokukhetha izinkundla ezithobelana nemithetho ethuthukayo kuzobaluleka kubaboleki nababolekisi ngokufanayo.

4.4 Ubungozi Benkontileka Ehlakaniphile

Esinye sezici eziyisisekelo zokubolekwa kwemali kwe-crypto ngokwehlukana ukuthembela ezinkontilekeni ezihlakaniphile, ezenza inqubo yokuboleka ngokuzenzakalelayo. Nokho, lezi zinkontileka azigonyiwe ezingozini futhi zingaxhashazwa uma kukhona ubungozi kukhodi.

4.4.1 Izingozi Ezihambisana Nobuchwepheshe Obuyisisekelo

Izinkontileka ezihlakaniphile zibhalwa ngekhodi futhi zifakwe ku-blockchain. Uma kukhona isiphazamisi noma imbobo kwikhodi, abalingisi abanonya bangayisebenzisa ukuze baqede imali, baguqule imigomo yemalimboleko, noma babangele eminye imiphumela engahlosiwe. Ngokungafani nezinkontileka ezivamile, alikho igunya elimaphakathi lokulungisa lezi zinkinga uma inkontileka isibukhoma, okwenza ukuphepha kube yinto eza kuqala.

Ukwengeza, izinkontileka ezihlakaniphile azibuyiseleki emuva uma seziqediwe. Lokhu kusho ukuthi noma yimaphi amaphutha, kungakhathaliseki ukuthi ngenxa yamaphutha ekhodi noma izenzo zomsebenzisi, awakwazi ukuhlehliswa ngaphandle kokukhipha inkontileka entsha, okungabiza futhi kudle isikhathi.

4.4.2 Ukubaluleka Kokuhlolwa Kwezokuphepha Nokuhlolwa

Ukuze kuncishiswe ubungozi bokuba sengozini yenkontileka ehlakaniphile, ukucwaningwa kwamabhuku okuphelele kwezokuphepha kubalulekile ngaphambi kokusebenzisa noma iyiphi inkontileka endaweni yokuboleka imali ye-crypto. Ukucwaningwa kwamabhuku okuzimele okuvela eceleni kusiza ekuboneni ubuthakathaka obungase bube khona futhi kuqinisekise ukuthi inkontileka isebenza njengoba kuhlosiwe. Ukuhlola ngaphansi kwezimo ezihlukahlukene, njengezikhathi zokuntengantenga kwezimakethe, nakho kubalulekile ukuze kuhlolwe ukusebenza kwenkontileka ngaphansi kwezimo zomhlaba wangempela.

Amapulatifomu abeka phambili ukuhlolwa kokuvikela futhi ahlolwe njalo kungenzeka ukuthi avikele abasebenzisi ekulahlekelweni okuyinhlekelele ngenxa yokwehluleka kobuchwepheshe.

5. Ukukhetha Inkundla Elungile

Lapho uhlanganyela ekubolekeni kwe-fractional reserve endaweni ye-crypto, ukukhetha isiteji esifanele kuyisinqumo esibalulekile. Uma kubhekwa ukuhlukaniswa kwabantu kanye nemvelo evulekile ye-crypto ecosystem, kunezinkundla eziningi ongakhetha kuzo, ngayinye inikezela ngezici ezihlukile, izimiso zokuphepha, nemibandela yezezimali. Ukuqinisekisa ukuthi izimpahla zakho ziphephile futhi nemigomo yakho yezezimali iyafinyelelwa, kubalulekile ukuhlola izici ezihlukahlukene ngokucophelela.

Izinto Ezi-5.1 Okufanele Zicatshangelwe

Ukukhetha inkundla yokubolekwa kwesabelomali esiyingxenye kuhilela ukukala izinto ezibalulekile ezimbalwa, okuhlanganisa isithunzi senkundla, izilinganiso zenzalo, izidingo zesibambiso, kanye nolwazi olunzulu ngomsebenzisi. Ngayinye yalezi zici idlala indima ebalulekile ekuqinisekiseni ukuthi bobabili ababoleki nababolekisi banolwazi oluphephile futhi olunenzuzo.

5.1.1 Isithunzi kanye nerekhodi lomkhondo

Idumela lenkundla yokubolekisa ngenye yezinto ezibaluleke kakhulu okufanele zicatshangelwe. Irekhodi lenkundla, ikakhulukazi ngokwemibandela yokuthembeka, ukuphepha, kanye nokungafihli lutho, linikeza ukuqonda kokuthi ingathenjwa yini impahla yakho. Amapulatifomu anomlando oqinile wokuphatha izimali zabasebenzisi kanye nokuphatha ngempumelelo izikhathi zokuntengantenga kwemakethe ngokuvamile kuyizinketho eziphephile.

Kubalulekile ukucwaninga ukuthi inkundla ibhekane kanjani nezinselele ezedlule, njengokuphahlazeka kwemakethe noma ukwephulwa kwezokuphepha. Umsebenzisi ofundayo Izibuyekezo kanye nokuhlola okuzimele okuvela emithonjeni ethembekile kungasiza ekukhanyiseleni ukuthi inkundla isebenze kahle kanjani nokuthi ibaphatha kanjani abasebenzisi bayo. Uma inkundla inomlando wezigameko zokuphepha noma izinkinga ezingaxazululiwe, kungase kube uphawu lokubheka kwenye indawo.

5.1.2 Izilinganiso Zenzalo Nezimali Ezikhokhwayo

Amanani enzalo angenye into ecatshangelwayo ebalulekile lapho ukhetha inkundla. Ababoleki kufanele bafune izinkundla ezinikeza amanani ancintisanayo, okubavumela ukuthi bafinyelele imali eningi ngendlela ethengekayo. Ezinye izinkundla zinikeza izilinganiso zenzalo ephansi yemalimboleko evikelwe ama-stablecoins, kuyilapho ama-cryptocurrencies aguquguqukayo angase eze namazinga aphezulu ngenxa yokwanda kwengozi.

Kubabolekisi, izilinganiso zenzalo zimelela imbuyiselo abangayilindela ezimpahleni zabo ezibolekiwe. Ezinye izinkundla zinikeza amanani angaguquki, anikeza ukuzinza, kuyilapho amanye anikeza amanani aguquguqukayo aguquguqukayo ngokusekelwe ezimeni zemakethe. Ngokungeziwe kuzilinganiso zenzalo, kubalulekile ukuhlola noma yiziphi izinkokhelo inkundla engazikhokhisa, njengezinkokhelo zokuhoxiswa, izinkokhelo zomsebenzi, noma izinkokhelo zamasevisi athile. Ukuqonda lezi zindleko kuzokusiza ukhethe inkundla enikezela ngembuyiselo engcono kakhulu ekutshalweni kwezimali.

5.1.3 Izidingo zesibambiso

Inkundla ngayinye inezidingo zayo zesibambiso, okumele ababoleki bahlangabezane nazo ukuze bathole imali ebolekiwe. I-over-collateralization ijwayelekile endaweni yokuboleka ye-crypto ukuze kuvikelwe ababolekisi ekuguquguqukeni kwezimpahla zedijithali. Izingxenyekazi ngokuvamile zidinga ababoleki ukuthi bathembise isibambiso esengeziwe kunevelu yemali mboleko, esebenza njengesilondolozi uma kwenzeka inani lesibambiso lehla.

Ababoleki kufanele futhi baqaphele izinqubomgomo zenkundla mayelana nokuqedwa. Izinkundla eziningi zizovala isibambiso ngokuzenzakalelayo uma inani lazo lehla ngaphansi komkhawulo othile ukuze kuvikelwe ababolekisi. Ukuqonda le mithetho kubalulekile kubaboleki ukuze bagweme ukuqedwa kwemali okungalindelekile kanye nokulahlekelwa okungaba khona.

5.1.4 Izinyathelo Zokuvikela

Ukuphepha mhlawumbe ukucatshangelwa okubaluleke kakhulu emhlabeni we-crypto. Amapulatifomu e-Crypto ayizisulu ezivamile eziqondiswe ku-inthanethi, futhi imvelo yokwehlukaniswa kwe-ecosystem ingenza kube nzima ukubuyisela izimali uma sezilahlekile. Ngakho-ke, kubalulekile ukukhetha inkundla enezinyathelo zokuphepha eziqinile ezikhona.

Izici eziyinhloko zokuphepha okufanele uzibheke zihlanganisa amawalethi anamasiginesha amaningi, adinga ukugunyazwa okuningi ngaphambi kokuthi okwenziwayo kucutshungulwe, kanye nesitoreji esibandayo, lapho iningi lezimpahla zenkundla ligcinwa lingaxhunyiwe ku-inthanethi, lapho izigebengu zingafinyeleli khona. Ukwengeza, izinkundla kufanele zihlolwe njalo ngenkontileka ehlakaniphile okwenziwa abacwaningi mabhuku abazimele bezinkampani zangaphandle ukuze kuqinisekiswe ukuthi ikhodi ayinakho ubungozi. Ezinye izici zokuphepha ezifana nokuqinisekiswa kwezinto ezimbili (2FA) kuma-akhawunti omsebenzisi zinikeza ukuvikeleka okwengeziwe ekufinyeleleni okungagunyaziwe.

5.1.5 Ulwazi lomsebenzisi

Nakuba ukucatshangelwa kwezokuphepha nezezimali kubaluleke kakhulu, ulwazi olunzulu ngomsebenzisi lungenza umehluko omkhulu. Inkundla enokuxhumana okuklanywe kahle komsebenzisi yenza kube lula ukufaka idiphozi, ukulandelela izikweletu, nokukhipha izimali. Ngaphezu kwalokho, ukuxhumana okucacile kwezinqubomgomo, imigomo, nezinkokhelo kubalulekile kubasebenzisi ukuze baqonde ukuthi inkundla isebenza kanjani nokuthi yini okufanele bayilindele.

Kubasebenzisi abasha, inkundla enikeza izinsiza zemfundo, njengezifundo noma imihlahlandlela, ingaba yinzuzo ngokukhethekile. Ukwesekwa kwamakhasimende kungenye into esemqoka yesipiliyoni somsebenzisi; ithimba losekelo eliphendulayo lingasiza ekuxazululeni izinkinga ngokushesha, liqinisekise ukuboleka okushelelayo noma ukuzizwisa kokuboleka.

5.2 Izinkundla Ezidumile

Amapulatifomu amaningana azenzele njengabaholi endaweni yokubolekwa kwe-crypto fractional reserve. Inkundla ngayinye inikeza izici ezihlukile nezinzuzo, ezihlinzeka ngezinhlobo ezahlukene zabasebenzisi nezidingo zezezimali.

5.2.1 Uhlolojikelele Lwezinkundla Zokuboleka ze-Crypto Eziholayo

Aave ingenye yezindawo ezivelele kakhulu zokubolekwa kwezimali. Ivumela abasebenzisi ukuthi baboleke futhi babolekise izinhlobonhlobo zama-cryptocurrencies, kuhlanganise nama-stablecoins. Izici eziqanjiwe ze-Aave, "njengemali mboleko esheshayo," zivumela abasebenzisi ukuthi baboleke imali ngaphandle kwesibambiso isikhathi esifushane kakhulu. Inkundla iphinde inikeze kokubili izilinganiso zenzalo eziguquguqukayo nezizinzile, inikeze ukuguquguquka kwezinhlobo ezahlukene zabasebenzisi. Ngokugcizelela kakhulu ezokuphepha, i-Aave ivamise ukwenza ucwaningo lwezinkampani zangaphandle ukuze iqinisekise ukuphepha kwezimali zabasebenzisi.

Ikomidi kungenye inkundla ehamba phambili esikhaleni sezimali esimisiwe (DeFi). Abasebenzisi bangafaka izimpahla zabo ze-crypto kumachibi okusebenzisa imali, abese esetshenziselwa ukukhipha imali mboleko. Izilinganiso zenzalo kuCompound zilungiswa ngokuzenzakalelayo ngokusekelwe ekuhlinzekweni nasekufuneni impahla ngayinye, okuqinisekisa ukuthi amanani abonisa izimo zemakethe zamanje. Ukwengeza, i-Compound inethokheni yokuphatha, i-COMP, evumela abasebenzisi ukuthi babambe iqhaza ezinqubweni zokwenza izinqumo mayelana nezibuyekezo zenkundla nezinqubomgomo.

MakerDAO ihlukile ngoba ikhipha imali ebolekiwe ku-Dai, i-stablecoin ebekwe eceleni ekhonjwe ku- Idola laseMelika. Ababoleki bangavikela izikweletu zakwaDai ngokukhiya i-Ethereum noma ezinye izimpahla ze-crypto njengesibambiso. I-MakerDAO ibuswa yizinkontileka ezihlakaniphile, ezihlinzeka ngokusobala okugcwele futhi ziqeda isidingo sabaxhumanisi. Kodwa-ke, ukuthembela kwesikhulumi ku-Ethereum kungase kuveze ukuguquguquka, ikakhulukazi ngezikhathi zokushintsha kwentengo okwedlulele.

I-BlockFi, ngokungafani nezinkundla ezihlukanisiwe ezishiwo ngenhla, zisebenza njengebhizinisi elimaphakathi. Ihlinzeka ngemalimboleko ye-crypto-to-fiat nama-akhawunti enzalo, okuvumela abasebenzisi ukuthi bathole isivuno esikhulu ekubambeni kwabo kwe-crypto. I-BlockFi yaziwa ngesixhumi esibonakalayo esisebenziseka kalula kanye nendlela evamile yokuboleka, okwenza kube ukukhetha okuhle kubasebenzisi abangajwayelene kangako nezinkundla ze-DeFi. Iphinde inikeze ukuzinza okwengeziwe mayelana nokuhambisana nokulawula kanye nokwesekwa kwamakhasimende.

6. Ukusebenzisa I-Fractional Reserve Ukuboleka Ngobuchule

Ukubolekwa kwe-fractional reserve ngaphakathi kwesikhala se-cryptocurrency kunikeza amandla amakhulu kubo bobabili ababolekayo nababolekisi, kodwa ngalokho okungenzeka kuza nesidingo sokucophelela. isu kanye nokulawulwa kobungozi. Ngokwenza izinqumo ezinolwazi, abasebenzisi bangakhuphula imbuyiselo kuyilapho benciphisa ubungozi. Noma ngabe uboleka ukuze uthole i-liquidity noma ubolekise ngemali engenayo, ukusebenzisa izindlela zamasu kuzoqinisekisa okuhlangenwe nakho okuphephile nokuzuzisa kakhudlwana.

6.1 Ukuboleka Ngokuhlakanipha

Kulabo abafuna ukuboleka ngokusebenzisa i-fractional reserve lending, kubalulekile ukubhekana nenqubo ngokuqonda okucacile kwezidingo zakho zezezimali, imigomo yemalimboleko, nezibopho zokukhokha. Ngokungafani nemalimboleko evamile, imali ebolekiwe ye-crypto iyaguquguquka kakhulu ngenxa yemvelo yempahla ehilelekile, okwenza kube semqoka ukuboleka ngokuhlakanipha ukuze ugweme ukusebenzisa imali ngokweqile.

6.1.1 Ukuhlola Izidingo Zokuboleka

Ngaphambi kokuboleka imali, ababoleki kufanele baqale bahlole ukuthi kungani bedinga ukuboleka. Ingabe imali ebolekiwe ihloselwe izidingo zesikhathi esifushane ze-liquidity, ukutshalwa kwezimali kwesikhathi eside, noma mhlawumbe ukugwema ukuthengisa izimpahla ezibalulekile ze-crypto ngentengo ephansi yemakethe? Ukunquma injongo yemali mboleko kungasiza ekulolongeni izinqumo ezibalulekile, njengosayizi wemali mboleko kanye nohlobo lwesibambiso okufanele usibophe.

Ukuqonda ubungozi obuhlobene nemalimboleko kubalulekile ngokufanayo. Ababoleki kufanele bahlole imiphumela engaba khona uma inani lesibambiso lehla noma uma bengakwazi ukuhlangabezana nezinsuku zokugcina zokukhokha. Ukubeka imigomo ecacile yezezimali kanye nokuhlelela izimo ezihlukene kuzosiza ababoleki ukuthi basebenzise imali ebolekiwe ye-fractional reserve ngendlela ehambisana nezinjongo zabo zezezimali zesikhathi eside.

6.1.2 Ukukhetha Imigomo Efanelekile Yemalimboleko

Uma inhloso yemalimboleko isicacile, ababoleki kudingeka bakhethe imigomo yemalimboleko ehambisana nekhono labo lokubuyisela. Izici ezibalulekile okufanele zicatshangelwe zifaka ubude besikhathi semalimboleko, izilinganiso zenzalo (noma zishintshile noma ziyahlukahluka), kanye nesilinganiso sokwenza isibambiso esidingwa yinkundla.

Imali mboleko yesikhathi esifushane ingase ifanelekele ababoleki abalindele ukuthi bazokwazi ukukhokha ngokushesha, kuyilapho imali mboleko yesikhathi eside ingase ifaneleke kangcono kubaboleki abafuna ukubambelela ezimpahleni zabo eziyisibambiso isikhathi eside. Ukucatshangelwa ngokucophelela kwezilinganiso zenzalo nakho kubalulekile, njengoba amanani aguquguqukayo angashintshashintsha kakhulu, okuholela ezindlekweni zokukhokha eziphakeme uma izimo zemakethe zishintsha.

6.1.3 Ukuphatha Izibopho Zokukhokha

Ingxenye ebalulekile yokuboleka ngobuhlakani ukuqinisekisa ukuthi izibopho zokubuyisela ziyalawuleka. Izinkokhelo ezingekho noma ukwehluleka ukunakekela isilinganiso esidingekayo sesibambiso kungase kubangele ukuqedwa, lapho inkundla ithengisa ngokuzenzakalelayo isibambiso sakho ukuze ikhave ibhalansi yemalimboleko esele. Ukuze ugweme ukuqedwa, ababoleki kufanele baqaphe ngokucophelela imigomo yabo yemalimboleko kanye nezimo zemakethe, futhi bakulungele ukwengeza isibambiso esengeziwe noma ukubuyisela izingxenye zemali mboleko njengoba kudingeka.

Ukwengeza, ukubekela eceleni izimali zokukhokhela izinkokhelo zenzalo kanye nothishanhloko wemalimboleko kusenesikhathi kungasiza ababolekayo bagweme izinto ezingalindelekile. Ukudala uhlelo olucacile lokubuyisela kubalulekile ekuqinisekiseni ukuthi ukuboleka akuholeli ezinkingeni zezezimali.

6.2 Ukuboleka Ngokuzibophezela

Ababolekisi, nabo, kufanele basondele ekubolekeni kwe-fractional reserve ngobuchule ukuze kuncishiswe ubungozi kanye nokwandisa imbuyiselo yabo. Nakuba ukuboleka kunganikeza imali engenayo ngenzalo, futhi kuza nobungozi, ikakhulukazi emakethe eguquguqukayo. Ukuboleka ngokuzibophezela kubandakanya ukuqonda ukubekezelela kwakho ubungozi, ukwahlukanisa ukuboleka kwakho iphothifoliyo, kanye nokubhekisisa izimo zemakethe.

6.2.1 Ukuqonda Ukubekezelela Ubungozi

Ngaphambi kokuzibandakanya ekubolekeni, kubalulekile ukuqonda ukubekezelela kwakho ubungozi. Ukubolekwa kwe-Crypto kungakha izilinganiso zenzalo ezikhangayo, kodwa futhi kuveza ababolekisi ekuguquguqukeni kwemakethe kanye nengozi yokuzenzakalelayo komboleki. Amapulatifomu angase anikeze ukubambisana ngokweqile ukuze kuncishiswe lezi zingozi, kodwa ukwehla kwentengo kungazelelwe emakethe ye-crypto kusengaholela ezimweni lapho isibambiso singanele ukumboza imali ebolekiwe.

Ababolekisi kufanele bahlole ukuthi bungakanani ubungozi abazimisele ukubuthatha futhi bakhethe izinkundla nezinhlobo zemalimboleko ezifana nephrofayili yabo yobungozi. Amanye amapulatifomu anikezela ngezinketho zokungashintshi, njengemalimboleko ye-stablecoin, kanti amanye angase anikeze imbuyiselo ephakeme ngenani lengozi eyengeziwe ngempahla ye-crypto eguquguqukayo.

6.2.2 Iphothifoliyo Yokuboleka Ehlukahlukene

Njengoba nje ukuhlukahluka kuyisu elibalulekile ekutshaleni imali kwendabuko, kuyasebenza nasekubolekeni kwe-crypto. Ngokusabalalisa izikweletu kumapulatifomu ahlukene, izimpahla, kanye nababolekisi, ababolekisi banganciphisa ukuchayeka kwabo kunoma yiliphi iphuzu elilodwa lokwehluleka. Isibonelo, ukuboleka kokubili ama-stablecoins kanye ne-cryptocurrensets eguquguqukayo kakhulu kungalinganisa ubungozi kanye nembuyiselo.

Ababolekisi kufanele futhi bacabangele ukuhlukahluka ezinkundleni zokuxhumana ezihlukene ukuze bagweme izingozi eziqondene nenkundla ethile. Ezinye izinkundla zinganikeza izindawo ezivikeleke kakhulu noma izinqubo ezingcono zokulawula ubungozi, kuyilapho ezinye zinganikeza imbuyiselo ephezulu nezingozi ezinkulu ezihambisanayo. Ukuhlukahluka kuqinisekisa ukuthi awukho umcimbi wemakethe owodwa noma udaba lwenkundla oluzoba nomthelela ongemuhle kuzo zonke izimbuyiselo zomboleki.

6.2.3 Ukuqapha Izimo Zemakethe

Ababolekisi kudingeka bahlale benolwazi ngezimo zemakethe ukuze benze izinqumo ngesikhathi. Njengoba inani lezimpahla ezibolekiswayo kanye nesibambiso esibanjiwe singashintsha ngokushesha, ukuqapha inani. izitayela futhi ukunyakaza kwezimakethe okubanzi kubalulekile. Ukushintsha kwemakethe okungazelelwe kungase kuthinte ukusebenza kwezimali mboleko kanye nesibambiso ngemuva kwazo, okuholela ezingozini ezingalindelekile.

Amapulatifomu anezilinganiso zenzalo ashintshashintshayo azolungisa izilinganiso ngokusekelwe ezimeni zemakethe, ngakho ababolekisi kufanele balungele ukushintshashintsha kwenzalo okungase kube nomthelela ezimbuyiseni. Ukwengamela imakethe kuvumela ababolekisi ukuthi benze izinqumo ezinolwazi, njengokuhoxiswa kwezimpahla, ukushintsha izinkundla, noma ukulungisa imigomo yokuboleka.

6.3 Ukulinganisa Ubungozi kanye Nomvuzo

Ukuboleka noma ukuboleka, ukhiye wokusebenzisa ngempumelelo i-fractional reserve lending usekutholeni ibhalansi efanele phakathi ingozi kanye nomvuzo. Zonke izinqumo, kusukela ekukhetheni inani lemalimboleko ukuya ekukhetheni inkundla efanele, kuhilela ukukala izinzuzo ezingaba khona ngokumelene nezingozi ezihilelekile. Ngokuhlola ngokucophelela ithuba ngalinye nokusebenzisa amasu asebenzayo okulawula ubungozi, abasebenzisi bangathuthukisa ulwazi lwabo.

6.3.1 Ukulinganisa Ibhalansi Phakathi Kwamathuba Okubuya Nezingozi

Emalini ebolekiwe eyi-fractional reserve, ukubuyisela okuphezulu kuvame ukuza nezingozi eziphakeme. Kubaboleki, ukuthatha imali mboleko enkulu ngesibambiso esiguquguqukayo se-crypto kungase kubonakale njengethuba elinenzuzo, kodwa futhi kwandisa ingozi yokuqedwa uma imakethe ibajikela. Ngakolunye uhlangothi, ababolekisi abafuna izilinganiso zenzalo ephezulu ezimpahleni eziguquguqukayo kufanele balinganise ubungozi bokuzenzakalelayo komboleki ngokuqhathanisa namandla enzuzo enkulu.

Ukulinganisa lezi zingozi nokulindelwe okungokoqobo kubalulekile. Ababolekayo nababolekisi kufanele basebenzise indlela elandelanayo lapho bengena emakethe, babeke engcupheni lokho abakwazi ukulahlekelwa yimali. Ukwengeza, ukulandelela kokubili amathuba esikhathi esifushane kanye nemigomo yesikhathi eside kuqinisekisa ukuthi abasebenzisi bangakwazi ukuzulazula ukuguquguquka okungokwemvelo kwemakethe ye-crypto ngaphandle kokuziveza ngokweqile.

7. Isiphetho

Ukubolekwa kwesabelomali se-fractional esikhaleni se-cryptocurrency kunikeza amandla okuguqula kubo bobabili ababolekayo nababolekisi, okunweba ukusebenza kwezimpahla zedijithali ngaphezu kobunikazi obulula. Ngokuqonda izingxenye eziyisisekelo zokubolekwa kwe-fractional reserve—njenge-collateralization, imali mboleko, amanani enzalo, nezimfuneko zokugodla—abasebenzisi bangathatha isikhangiso esigcwele.vantage ye-liquidity, ukufinyelela emalini, kanye namathuba okukhiqiza inzalo lolu hlelo oluhlinzekayo. Ngesikhathi esifanayo, kubalulekile ukusondela kule makethe ngesu eliqinile lokunciphisa izingozi eziza nokuntengantenga nokwabiwa kwezindawo okuhambisana nezimali ze-crypto.

Ababoleki bangakwazi ukuvula i-liquidity ngaphandle kokuthi bathengise izimpahla zabo, okubavumela ukuthi basebenzise imali yabo ye-crypto ukuze bathole amathuba amasha. Kodwa-ke, kufanele bahlole izidingo zabo zokuboleka ngokucophelela, bakhethe imigomo efanelekile yemalimboleko, futhi balawule izibopho zabo zokukhokha ukuze bagweme izingibe zokushoda noma zokungabi nazimali. Indlela esheshayo yokuboleka iqinisekisa ukuthi abasebenzisi bangakwazi ukufeza imigomo yabo yezezimali ngaphandle kokuzifaka engozini engadingekile.

Kubabolekisi, ukubolekwa kwemali okuyingxenye kunikeza indlela yokwenza imali engenayo ngokufaka izimpahla ze-crypto ezingasebenzi. Kodwa-ke, ukubolekisa kule makethe eguquguqukayo kudinga ukuqonda ukubekezelela ubungozi, ukubaluleka kokuhlukahluka, kanye nesidingo sokuqapha okuqhubekayo kwezimo zemakethe. Ngokusabalalisa ubungozi kuzo zonke izinkundla, izimpahla, kanye nababolekayo, ababolekisi bangakwazi ukukhulisa imbuyiselo yabo kuyilapho benciphisa amathuba okulahlekelwa.

Ekukhetheni inkundla elungile, abasebenzisi kufanele bacabangele izici ezifana nesithunzi, izilinganiso zenzalo, izidingo zesibambiso, izinyathelo zokuphepha, nolwazi lomsebenzisi. Amapulatifomu afana ne-Aave, Compound, MakerDAO, neBlockFi ngayinye inikeza isikhangiso esiyingqayizivelevantages futhi disadvantages, okwenza kube semqoka ukukhetha inkundla eqondana kangcono nemigomo yomuntu ngamunye yezezimali kanye nokubekezelela ubungozi.

Ekugcineni, impumelelo ekubolekeni kwe-fractional reserve ngaphakathi kwe-crypto ecosystem incike ekutholeni ibhalansi efanele phakathi kwengozi nomvuzo. Noma ngabe ungumboleki noma umbolekisi, ulawula ngokucophelela ubungozi ngenkathi uthatha isikhangisovantage amathuba angaholela ezinzuzweni ezinkulu zezezimali. Njengoba imakethe ye-cryptocurrency iqhubeka nokuvela, ukubolekwa kwesabelomali esiyingxenye cishe kuzodlala indima ebalulekile ekukhuthazeni umnotho, ukusungula izinto ezintsha, kanye nokukhula kwezimali kulesi sikhala esikhulayo.