{"id":12459,"date":"2025-11-06T15:08:19","date_gmt":"2025-11-06T06:08:19","guid":{"rendered":"https:\/\/ioi-sonpo.co.jp\/crypto\/?p=12459"},"modified":"2025-11-06T15:08:19","modified_gmt":"2025-11-06T06:08:19","slug":"lp-token","status":"publish","type":"post","link":"https:\/\/ichizenholdings.co.jp\/media\/lp-token\/","title":{"rendered":"LP\u30c8\u30fc\u30af\u30f3\u3068\u306f\uff1f\u4fa1\u683c\u306e\u8a08\u7b97\u30fb\u4ed5\u7d44\u307f\u30fb\u904b\u7528\u6226\u7565\u304b\u3089\u304a\u3059\u3059\u3081DEX\u307e\u3067\u5fb9\u5e95\u89e3\u8aac"},"content":{"rendered":"\n<p>DeFi\uff08\u5206\u6563\u578b\u91d1\u878d\uff09\u3092\u4f7f\u3044\u59cb\u3081\u3066\u304b\u3089\u300c<strong><span class=\"swl-inline-color 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class=\"wp-block-heading\">LP\u30c8\u30fc\u30af\u30f3\u306f\u300c\u6d41\u52d5\u6027\u63d0\u4f9b\u306e\u8a3c\u660e\u66f8\u300d<\/h3>\n\n\n\n<p>LP\u30c8\u30fc\u30af\u30f3\u306f\u3001\u3042\u306a\u305f\u304cDEX\u306e\u7279\u5b9a\u306e\u300c\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u300d\u306b\u3001\u3069\u306e\u304f\u3089\u3044\u306e\u8cc7\u7523\u3092\u3001\u3069\u306e\u304f\u3089\u3044\u306e\u5272\u5408\u3067\u63d0\u4f9b\u3057\u305f\u304b\u3092\u8a18\u9332\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u30c8\u30fc\u30af\u30f3\u3092\u30a6\u30a9\u30ec\u30c3\u30c8\u3067\u4fdd\u6709\u3057\u3066\u3044\u308b\u9650\u308a\u3001\u3042\u306a\u305f\u306f\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\u3068\u3057\u3066\u8a8d\u8b58\u3055\u308c\u3001\u5f8c\u8ff0\u3059\u308b\u53ce\u76ca\u3092\u53d7\u3051\u53d6\u308b\u6a29\u5229\u3092\u6301\u3061\u307e\u3059\u3002<\/p>\n\n\n\n<h3 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wp-block-quote-is-layout-flow\">\n<p><strong>\u3010\u5c02\u9580\u7528\u8a9e\u3011AMM\uff08\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff09\u3068\u306f\uff1f<\/strong><br>AMM\u306f\u3001\u58f2\u308a\u624b\u3068\u8cb7\u3044\u624b\u3092\u76f4\u63a5\u30de\u30c3\u30c1\u30f3\u30b0\u3055\u305b\u308b\u5f93\u6765\u306e\u53d6\u5f15\u6240\u3068\u306f\u7570\u306a\u308a\u3001\u300c\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u300d\u3068\u547c\u3070\u308c\u308b\u8cc7\u7523\u306e\u30d7\u30fc\u30eb\u3092\u4ecb\u3057\u3066\u81ea\u52d5\u7684\u306b\u53d6\u5f15\u3092\u6210\u7acb\u3055\u305b\u308b\u4ed5\u7d44\u307f\u3067\u3059\u3002\u30e6\u30fc\u30b6\u30fc\u306f\u3053\u306e\u30d7\u30fc\u30eb\u304b\u3089\u76f4\u63a5\u30c8\u30fc\u30af\u30f3\u3092\u4ea4\u63db\u3067\u304d\u300124\u6642\u9593365\u65e5\u3044\u3064\u3067\u3082\u53d6\u5f15\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u306b\u306f\u30012\u7a2e\u985e\u306e\u30c8\u30fc\u30af\u30f3\uff08\u4f8b: ETH\u3068USDC\uff09\u304c\u4e00\u5b9a\u306e\u6bd4\u7387\u3067\u84c4\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<br>\u30c8\u30ec\u30fc\u30c0\u30fc\u304cETH\u3092USDC\u306b\u4ea4\u63db\u3057\u305f\u3044\u5834\u5408\u3001\u30d7\u30fc\u30eb\u304b\u3089USDC\u3092\u53d7\u3051\u53d6\u308a\u3001\u4ee3\u308f\u308a\u306bETH\u3092\u30d7\u30fc\u30eb\u306b\u9810\u3051\u307e\u3059\u3002<br>\u3053\u306eAMM\u306e\u4ed5\u7d44\u307f\u304c\u3042\u308b\u304b\u3089\u3053\u305d\u3001LP\u30c8\u30fc\u30af\u30f3\u304c\u5fc5\u8981\u3068\u306a\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<h2 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mark_yellow\">\u53d6\u5f15\u624b\u6570\u6599\u306b\u52a0\u3048\u3066\u72ec\u81ea\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\u30c8\u30fc\u30af\u30f3\u3092\u300c\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5831\u916c\u300d\u3068\u3057\u3066\u914d\u5e03<\/span><\/strong>\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001DEX\u304c\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\u3092\u3088\u308a\u591a\u304f\u96c6\u3081\u308b\u305f\u3081\u306b\u8a2d\u8a08\u3057\u305f\u8ffd\u52a0\u7684\u306a\u5831\u916c\u3067\u3042\u308a\u3001\u5168\u3066\u306eDEX\u3067\u63d0\u4f9b\u3055\u308c\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u3001PancakeSwap\u3084Curve\u306a\u3069\u306e\u4e3b\u8981\u306aDEX\u3067\u306f\u3001\u53d6\u5f15\u624b\u6570\u6599\u306b\u52a0\u3048\u3066\u72ec\u81ea\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\u30c8\u30fc\u30af\u30f3\u304c\u5831\u916c\u3068\u3057\u3066\u914d\u5e03\u3055\u308c\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u305f\u3060\u3057\u3001\u3053\u308c\u3089\u306e\u5831\u916c\u4f53\u7cfb\u306f\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u65b9\u91dd\u3084\u6642\u671f\u306b\u3088\u3063\u3066\u5909\u66f4\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001\u6d41\u52d5\u6027\u3092\u63d0\u4f9b\u3059\u308b\u524d\u306b\u306f\u5fc5\u305a\u516c\u5f0f\u30b5\u30a4\u30c8\u3067\u6700\u65b0\u306e\u60c5\u5831\u3092\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u30c8\u30fc\u30af\u30f3\u306f\u5e02\u5834\u3067\u58f2\u5374\u3057\u3066\u5229\u76ca\u3092\u78ba\u5b9a\u3055\u305b\u308b\u3053\u3068\u3082\u3001\u3055\u3089\u306b\u5225\u306e\u904b\u7528\u306b\u56de\u3057\u3066\u8907\u5229\u52b9\u679c\u3092\u72d9\u3046\u3053\u3068\u3082\u53ef\u80fd\u3067\u3059\u3002\u3053\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5831\u916c\u3053\u305d\u304c\u3001DeFi\u3067\u9ad8\u3044\u5229\u56de\u308a\u3092\u5b9f\u73fe\u3059\u308b\u9375\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">LP\u30c8\u30fc\u30af\u30f3\u3067\u7a3c\u3050\u305f\u3081\u306e\u5b9f\u8df5\u6226\u7565\u3068\u59cb\u3081\u65b9<\/h2>\n\n\n\n<p>LP\u30c8\u30fc\u30af\u30f3\u3067\u5229\u76ca\u3092\u5f97\u308b\u305f\u3081\u306e\u5177\u4f53\u7684\u306a\u6226\u7565\u3068\u3001\u305d\u306e\u305f\u3081\u306b\u5fc5\u8981\u306a\u624b\u9806\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002\u3054\u81ea\u8eab\u306e\u6295\u8cc7\u30b9\u30bf\u30a4\u30eb\u3084\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u306b\u5408\u308f\u305b\u3066\u3001\u6700\u9069\u306a\u6226\u7565\u3092\u9078\u3073\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box\"><div class=\"cap_box_ttl\"><span>LP\u30c8\u30fc\u30af\u30f3\u3067\u7a3c\u3050\u305f\u3081\u306e3\u3064\u306e\u6226\u7565<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list is-style-check_list -list-under-dashed\">\n<li><strong>\u3010\u738b\u9053\u6226\u7565\u3011<\/strong>\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u3067\u9ad8\u3044\u5229\u56de\u308a\u3092\u72d9\u3046<\/li>\n\n\n\n<li><strong>\u3010\u4e0a\u7d1a\u6226\u7565\u3011<\/strong>LP\u30c8\u30fc\u30af\u30f3\u3092\u62c5\u4fdd\u306b\u65b0\u305f\u306a\u8cc7\u91d1\u3092\u501f\u308a\u308b<\/li>\n\n\n\n<li><strong>\u3010\u5805\u5b9f\u6226\u7565\u3011<\/strong>\u6226\u7565\u2462 \u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30da\u30a2\u3067\u4f4e\u30ea\u30b9\u30af\u306b\u904b\u7528\u3059\u308b<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\u3010\u738b\u9053\u6226\u7565\u3011\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u3067\u9ad8\u3044\u5229\u56de\u308a\u3092\u72d9\u3046<\/h3>\n\n\n\n<p>\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u306f\u3001LP\u30c8\u30fc\u30af\u30f3\u3092DEX\u3084\u30a4\u30fc\u30eb\u30c9\u30a2\u30b0\u30ea\u30b2\u30fc\u30bf\u30fc\u306b\u9810\u3051\u5165\u308c\u308b\uff08\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u3059\u308b\uff09\u3053\u3068\u3067\u3001\u53d6\u5f15\u624b\u6570\u6599\u306b\u52a0\u3048\u3066\u8ffd\u52a0\u306e\u5831\u916c\u30c8\u30fc\u30af\u30f3\u3092\u7372\u5f97\u3057\u3001\u53ce\u76ca\u306e\u6700\u5927\u5316\u3092\u72d9\u3046\u6700\u3082\u4e00\u822c\u7684\u306a\u6226\u7565\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u6226\u7565\u306e\u30dd\u30a4\u30f3\u30c8\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u3069\u306eDEX\u306e\u3069\u306e\u30d7\u30fc\u30eb\u3067\u3001\u3069\u306e\u3088\u3046\u306a\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5831\u916c\u304c\u63d0\u4f9b\u3055\u308c\u3066\u3044\u308b\u304b<\/span><\/strong>\u3092\u30ea\u30b5\u30fc\u30c1\u3059\u308b\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u3010\u4e0a\u7d1a\u6226\u7565\u3011LP\u30c8\u30fc\u30af\u30f3\u3092\u62c5\u4fdd\u306b\u65b0\u305f\u306a\u8cc7\u91d1\u3092\u501f\u308a\u308b<\/h3>\n\n\n\n<p>LP\u30c8\u30fc\u30af\u30f3\u306f\u305d\u308c\u81ea\u4f53\u304c\u8cc7\u7523\u4fa1\u5024\u3092\u6301\u3064\u305f\u3081\u3001Aave\u3084Compound\u3068\u3044\u3063\u305f\u30ec\u30f3\u30c7\u30a3\u30f3\u30b0\u30d7\u30ed\u30c8\u30b3\u30eb\u3067\u62c5\u4fdd\u3068\u3057\u3066\u5229\u7528\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong><span class=\"swl-marker mark_yellow\">LP\u30c8\u30fc\u30af\u30f3\u3092\u62c5\u4fdd\u306b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\uff08USDC\u306a\u3069\uff09\u3092\u501f\u308a\u5165\u308c\u3001\u305d\u306e\u8cc7\u91d1\u3067\u3055\u3089\u306b\u5225\u306eLP\u30c8\u30fc\u30af\u30f3\u3092\u8cfc\u5165\u30fb\u904b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u305f\u53d6\u5f15\u304c\u53ef\u80fd<\/span><\/strong>\u3067\u3059\u3002<br>\u305f\u3060\u3057\u3001\u62c5\u4fdd\u306b\u3057\u305fLP\u30c8\u30fc\u30af\u30f3\u306e\u4fa1\u5024\u304c\u4e0b\u843d\u3059\u308b\u3068\u3001\u501f\u308a\u5165\u308c\u305f\u8cc7\u91d1\u304c\u5f37\u5236\u7684\u306b\u6e05\u7b97\u3055\u308c\u308b\u30ea\u30b9\u30af\u3092\u4f34\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u3053\u308c\u306f\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u53d6\u5f15\u3067\u3042\u308a\u3001\u614e\u91cd\u306a\u904b\u7528\u304c\u6c42\u3081\u3089\u308c\u308b\u6226\u7565\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u3010\u5805\u5b9f\u6226\u7565\u3011\u6226\u7565\u2462 \u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30da\u30a2\u3067\u4f4e\u30ea\u30b9\u30af\u306b\u904b\u7528\u3059\u308b<\/h3>\n\n\n\n<p>\u9ad8\u3044\u5229\u56de\u308a\u306f\u9b45\u529b\u7684\u3067\u3059\u304c\u3001<strong><span class=\"swl-marker mark_yellow\">\u4fa1\u683c\u5909\u52d5\u306b\u3088\u308b\u640d\u5931\uff08\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\uff09\u304c\u5fc3\u914d\u306a\u65b9\u306b\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u540c\u58eb\u306e\u30da\u30a2\uff08\u4f8b: USDC\/USDT\uff09\u3067\u306e\u904b\u7528\u304c\u304a\u3059\u3059\u3081<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4fa1\u683c\u304c\u307b\u3068\u3093\u3069\u5909\u52d5\u3057\u306a\u3044\u305f\u3081\u3001\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u306e\u30ea\u30b9\u30af\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u306a\u304c\u3089\u3001\u53d6\u5f15\u624b\u6570\u6599\u3068\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5831\u916c\u3092\u7740\u5b9f\u306b\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u30022025\u5e74\u73fe\u5728\u3001\u4e3b\u8981\u306aDEX\u3067\u306f\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30da\u30a2\u3067\u3082\u5e74\u52295%\u301c15%\u7a0b\u5ea6\u306e\u5229\u56de\u308a\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u3010\u76ee\u7684\u5225\u3011LP\u30c8\u30fc\u30af\u30f3\u904b\u7528\u306b\u304a\u3059\u3059\u3081\u306eDEX\uff08\u5206\u6563\u578b\u53d6\u5f15\u6240\uff09<\/h2>\n\n\n\n<p>\u6570\u591a\u304f\u306eDEX\u304c\u5b58\u5728\u3059\u308b\u4e2d\u3067\u3001\u3069\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u9078\u3076\u304b\u306f\u53ce\u76ca\u3092\u5927\u304d\u304f\u5de6\u53f3\u3057\u307e\u3059\u3002<br>\u3053\u3053\u3067\u306f\u30012025\u5e74\u73fe\u5728\u306e\u6700\u65b0\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u304d\u3001\u76ee\u7684\u5225\u306b\u304a\u3059\u3059\u3081\u306eDEX\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>DEX\u540d<\/th><th>TVL (\u7dcf\u30ed\u30c3\u30af\u4fa1\u5024)<\/th><th>\u4e3b\u8981\u30c1\u30a7\u30fc\u30f3<\/th><th>\u7279\u5fb4<\/th><th>\u3053\u3093\u306a\u4eba\u306b\u304a\u3059\u3059\u3081<\/th><\/tr><\/thead><tbody><tr><td><a href=\"https:\/\/v4.uniswap.org\/\" target=\"_blank\" rel=\"noopener\" title=\"Uniswap V4\">Uniswap V4<\/a><\/td><td>\u7d0450\u5104\u30c9\u30eb<\/td><td>Ethereum, Base, Arbitrum\u4ed6<\/td><td>\u696d\u754c\u6700\u5927\u624b\u3002\u96c6\u4e2d\u6d41\u52d5\u6027\u306b\u3088\u308b\u9ad8\u3044\u8cc7\u672c\u52b9\u7387\u3068\u4fe1\u983c\u6027\u3002<\/td><td>\u8cc7\u672c\u52b9\u7387\u3092\u6700\u5927\u5316\u3057\u305f\u3044\u4e2d\u301c\u4e0a\u7d1a\u8005<\/td><\/tr><tr><td><a href=\"https:\/\/pancakeswap.finance\/home\" target=\"_blank\" rel=\"noopener\" title=\"PancakeSwap\">PancakeSwap<\/a><\/td><td>\u7d0438\u5104\u30c9\u30eb<\/td><td>BNB Chain<\/td><td>UI\u304c\u5206\u304b\u308a\u3084\u3059\u304f\u4f4e\u624b\u6570\u6599\u3002CAKE\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u3067\u9ad8\u5229\u56de\u308a\u3002<\/td><td>DeFi\u304c\u521d\u3081\u3066\u306e\u521d\u5fc3\u8005\u3001\u9ad8\u5229\u56de\u308a\u3092\u72d9\u3044\u305f\u3044\u4eba<\/td><\/tr><tr><td><a href=\"https:\/\/www.curve.finance\/\" target=\"_blank\" rel=\"noopener\" title=\"Curve Finance\">Curve Finance<\/a><\/td><td>\u7d0430\u5104\u30c9\u30eb<\/td><td>Ethereum, Polygon\u4ed6<\/td><td>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u7279\u5316\u3002\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\uff08\u4fa1\u683c\u306e\u30ba\u30ec\uff09\u304c\u6975\u5c0f\u3002<\/td><td>\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u3092\u907f\u3051\u3001\u5b89\u5b9a\u904b\u7528\u3057\u305f\u3044\u4eba<\/td><\/tr><tr><td><a href=\"https:\/\/aerodrome.finance\/\" target=\"_blank\" rel=\"noopener\" title=\"Aerodrome\">Aerodrome<\/a><\/td><td>\u7d0410\u5104\u30c9\u30eb<\/td><td>Base<\/td><td>Base\u30c1\u30a7\u30fc\u30f3\u6700\u5927\u306eDEX\u3002ve(3,3)\u30e2\u30c7\u30eb\u3067\u9ad8\u3044\u624b\u6570\u6599\u53ce\u76ca\u3002<\/td><td>Base\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3067\u904b\u7528\u3057\u305f\u3044\u4eba\u3001\u65b0\u3057\u3044DEX\u3092\u8a66\u3057\u305f\u3044\u4eba<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/defillama.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\">https:\/\/defillama.com\/<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u521d\u5fc3\u8005\u3067\u3082\u4f7f\u3044\u3084\u3059\u3044\u304a\u3059\u3059\u3081DEX\uff1aPancakeSwap<\/h3>\n\n\n\n<p>LP\u30c8\u30fc\u30af\u30f3\u3092\u7528\u3044\u305fDeF\u904b\u7528i\u3092\u3053\u308c\u304b\u3089\u59cb\u3081\u308b\u65b9\u306b\u306f\u3001PancakeSwap\u306f\u5165\u9580\u306b\u6700\u9069\u306a1\u3064\u3067\u3059\u3002<\/p>\n\n\n\n<p>UI\/UX\u304c\u76f4\u611f\u7684\u3067\u5206\u304b\u308a\u3084\u3059\u304f\u3001\u65e5\u672c\u8a9e\u306b\u3082\u5bfe\u5fdc\u3057\u3066\u3044\u307e\u3059\u3002<br>\u307e\u305f\u3001BNB\u30c1\u30a7\u30fc\u30f3\u3092\u57fa\u76e4\u3068\u3057\u3066\u3044\u308b\u305f\u3081\u3001<strong><span class=\"swl-marker mark_yellow\">\u53d6\u5f15\u624b\u6570\u6599\uff08\u30ac\u30b9\u4ee3\uff09\u304c\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u30d9\u30fc\u30b9\u306eDEX\u306b\u6bd4\u3079\u3066\u683c\u6bb5\u306b\u5b89\u304f\u3001\u5c11\u984d\u304b\u3089\u3067\u3082\u6c17\u8efd\u306b\u59cb\u3081\u3089\u308c\u308b\u306e\u304c\u5927\u304d\u306a\u9b45\u529b<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u904b\u7528\u306b\u5f37\u3044\u304a\u3059\u3059\u3081DEX\uff1aCurve Finance<\/h3>\n\n\n\n<p>\u4fa1\u683c\u5909\u52d5\u30ea\u30b9\u30af\u3092\u907f\u3051\u3001<strong><span class=\"swl-marker mark_yellow\">\u7c73\u30c9\u30eb\u306a\u3069\u306e\u6cd5\u5b9a\u901a\u8ca8\u306b\u4fa1\u5024\u304c\u9023\u52d5\u3059\u308b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u5b89\u5b9a\u7684\u306b\u904b\u7528\u3057\u305f\u3044\u65b9\u306b\u306f\u3001Curve Finance\u304c\u304a\u3059\u3059\u3081<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u540c\u58eb\u306e\u4ea4\u63db\u306b\u7279\u5316\u3057\u305f\u72ec\u81ea\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306b\u3088\u308a\u3001\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\uff08\u53d6\u5f15\u6642\u306e\u4fa1\u683c\u306e\u30ba\u30ec\uff09\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u3001\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u3092\u307b\u3068\u3093\u3069\u6c17\u306b\u3059\u308b\u3053\u3068\u306a\u304f\u3001\u53d6\u5f15\u624b\u6570\u6599\u3068CRV\u30c8\u30fc\u30af\u30f3\u306e\u5831\u916c\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u9ad8\u3044\u5229\u56de\u308a\u304c\u671f\u5f85\u3067\u304d\u308b\u304a\u3059\u3059\u3081DEX<\/h3>\n\n\n\n<p>\u30ea\u30b9\u30af\u3092\u53d6\u3063\u3066\u3067\u3082\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3044\u305f\u3044\u65b9\u306b\u306f\u3001PancakeSwap\u3084Aerodrome Finance\u304c\u9078\u629e\u80a2\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>PancakeSwap\u306fCAKE\u30c8\u30fc\u30af\u30f3\u306e\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u306b\u3088\u3063\u3066\u9ad8\u3044APR\u3092\u63d0\u4f9b\u3057\u3066\u3044\u308b\u30d7\u30fc\u30eb\u304c\u591a\u304f\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3001Coinbase\u304c\u652f\u63f4\u3059\u308bBase\u30c1\u30a7\u30fc\u30f3\u4e0a\u306eAerodrome\u306f\u3001ve(3,3)\u3068\u547c\u3070\u308c\u308b\u65b0\u3057\u3044\u30c8\u30fc\u30af\u30f3\u7d4c\u6e08\u30e2\u30c7\u30eb\u3092\u63a1\u7528\u3057\u3066\u304a\u308a\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u624b\u6570\u6599\u53ce\u76ca\u3092AERO\u30c8\u30fc\u30af\u30f3\u4fdd\u6709\u8005\u306b\u52b9\u7387\u7684\u306b\u5206\u914d\u3059\u308b\u3053\u3068\u3067\u3001\u9ad8\u3044\u5229\u56de\u308a\u3092\u5b9f\u73fe\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-icon_info\"><strong>\u3069\u306e\u901a\u8ca8\u30da\u30a2\u3092\u9078\u3076\u304b\u304c\u6700\u3082\u91cd\u8981\u3067\u3059\u3002<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u96c6\u4e2d\u6d41\u52d5\u6027\uff1aUniswap V4\u3067LP\u30c8\u30fc\u30af\u30f3\u306e\u53ce\u76ca\u3092\u6700\u5927\u5316<\/h2>\n\n\n\n<p>2025\u5e74\u4ee5\u964d\u306eDeFi\u5e02\u5834\u3092\u8a9e\u308b\u4e0a\u3067\u6b20\u304b\u305b\u306a\u3044\u306e\u304c\u3001Uniswap V3\u3067\u5c0e\u5165\u3055\u308cV4\u3067\u3082\u7d99\u627f\u3055\u308c\u305f\u300c\u96c6\u4e2d\u6d41\u52d5\u6027\uff08Concentrated Liquidity\uff09\u300d\u3068\u3044\u3046\u9769\u547d\u7684\u306a\u6280\u8853\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u5f93\u6765\u306eAMM\uff08Uniswap V2\u306a\u3069\uff09\u3067\u306f\u3001\u63d0\u4f9b\u3055\u308c\u305f\u6d41\u52d5\u6027\u306f\u4fa1\u683c\u304c0\u304b\u3089\u7121\u9650\u5927\u307e\u3067\u306e\u5168\u7bc4\u56f2\u306b\u5747\u7b49\u306b\u5206\u6563\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002<br>\u3057\u304b\u3057\u3001\u5b9f\u969b\u306e\u53d6\u5f15\u306f\u5e38\u306b\u73fe\u5728\u306e\u4fa1\u683c\u5468\u8fba\u306e\u72ed\u3044\u7bc4\u56f2\u3067\u884c\u308f\u308c\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u63d0\u4f9b\u3057\u305f\u8cc7\u91d1\u306e\u5927\u90e8\u5206\u306f\u5168\u304f\u4f7f\u308f\u308c\u308b\u3053\u3068\u304c\u306a\u304f\u3001\u300c\u8cc7\u672c\u52b9\u7387\u304c\u60aa\u3044\u300d\u3068\u3044\u3046\u5927\u304d\u306a\u8ab2\u984c\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5c11\u306a\u3044\u8cc7\u91d1\u3067\u5927\u304d\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3048\u308b\u300c\u96c6\u4e2d\u6d41\u52d5\u6027\u300d\u3068\u306f\uff1f<\/h3>\n\n\n\n<p>\u96c6\u4e2d\u6d41\u52d5\u6027\u306f\u3001\u3053\u306e\u8cc7\u672c\u52b9\u7387\u3092\u89e3\u6c7a\u3059\u308b\u305f\u3081\u306b\u751f\u307e\u308c\u307e\u3057\u305f\u3002<br><strong><span class=\"swl-marker mark_yellow\">\u96c6\u4e2d\u6d41\u52d5\u6027\u3067\u306f\u3001\u300c\u3053\u306e\u4fa1\u683c\u7bc4\u56f2\u3067\u306e\u307f\u81ea\u5206\u306e\u8cc7\u91d1\u3092\u53d6\u5f15\u306b\u4f7f\u3046\u300d\u3068\u6307\u5b9a\u3067\u304d\u307e\u3059\u3002<br><\/span><\/strong>\u4f8b\u3048\u3070\u3001ETH\u306e\u73fe\u5728\u4fa1\u683c\u304c3,000USDC\u306e\u5834\u5408\u3001\u300c2,800USDC\u301c3,200USDC\u300d\u3068\u3044\u3046\u72ed\u3044\u7bc4\u56f2\u306b\u6d41\u52d5\u6027\u3092\u96c6\u4e2d\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306b\u3088\u308a\u3001\u81ea\u5206\u306e\u8cc7\u91d1\u304c\u53d6\u5f15\u306b\u5229\u7528\u3055\u308c\u308b\u983b\u5ea6\u304c\u5287\u7684\u306b\u9ad8\u307e\u308a\u3001\u540c\u3058\u8cc7\u91d1\u91cf\u3067\u3082\u5f93\u6765\u306eAMM\u306b\u6bd4\u3079\u3066\u6570\u500d\u304b\u3089\u6570\u5343\u500d\u3082\u306e\u53d6\u5f15\u624b\u6570\u6599\u3092\u7a3c\u3050\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\uff1a\u30cf\u30a4\u30ea\u30bf\u30fc\u30f3\u306b\u306f\u76f8\u5fdc\u306e\u30ea\u30b9\u30af\u3082<\/h3>\n\n\n\n<p>\u96c6\u4e2d\u6d41\u52d5\u6027\u306e\u30e1\u30ea\u30c3\u30c8\u306f\u3001\u524d\u8ff0\u306e\u901a\u308a\u8cc7\u672c\u52b9\u7387\u306e\u5287\u7684\u306a\u5411\u4e0a\u3067\u3059\u3002<br>\u5c11\u306a\u3044\u8cc7\u91d1\u3067\u3088\u308a\u591a\u304f\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3048\u308b\u305f\u3081\u3001DeFi\u904b\u7528\u306e\u53ef\u80fd\u6027\u3092\u5927\u304d\u304f\u5e83\u3052\u307e\u3057\u305f\u3002<br>\u3053\u308c\u307e\u3067\u306f\u5e45\u5e83\u3044\u4fa1\u683c\u3067\u6d41\u52d5\u6027\u3092\u63d0\u4f9b\u3057\u306a\u3051\u308c\u3070\u3044\u3051\u306a\u304b\u3063\u305f\u70ba\u3001\u305d\u306e\u5206\u6d41\u52d5\u6027\u63d0\u4f9b\u306b\u3088\u308b\u624b\u6570\u6599\u7372\u5f97\u306e\u52b9\u7387\u304c\u60aa\u304b\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u30c7\u30e1\u30ea\u30c3\u30c8\u306f\u3001\u4fa1\u683c\u304c\u6307\u5b9a\u3057\u305f\u30ec\u30f3\u30b8\u3092\u5916\u308c\u308b\u3068\u3001\u624b\u6570\u6599\u53ce\u76ca\u304c\u4e00\u5207\u5f97\u3089\u308c\u306a\u304f\u306a\u308b\u70b9\u3067\u3059\u3002\u3055\u3089\u306b\u3001\u30ec<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u30f3\u30b8\u3092\u5916\u308c\u305f\u72b6\u614b\u3067\u306f\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u304c\u62e1\u5927\u3057\u3084\u3059\u304f\u306a\u308b\u305f\u3081\u3001\u5f93\u6765\u306eLP\u904b\u7528\u3088\u308a\u3082\u7a4d\u6975\u7684\u306a\u7ba1\u7406\uff08\u30ea\u30d0\u30e9\u30f3\u30b9\uff09\u304c\u6c42\u3081\u3089\u308c\u307e\u3059<\/span><\/strong>\u3002\u3053\u306e\u305f\u3081\u3001\u96c6\u4e2d\u6d41\u52d5\u6027\u306f\u975e\u5e38\u306b\u5f37\u529b\u306a\u30c4\u30fc\u30eb\u3067\u3042\u308b\u4e00\u65b9\u3001\u3042\u308b\u7a0b\u5ea6\u76f8\u5834\u3092\u4e88\u6e2c\u3057\u3001\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7ba1\u7406\u3067\u304d\u308b\u4e2d\u301c\u4e0a\u7d1a\u8005\u5411\u3051\u306e\u6a5f\u80fd\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">LP\u30c8\u30fc\u30af\u30f3\u904b\u7528\u306b\u6f5c\u30803\u3064\u306e\u30ea\u30b9\u30af\u3068\u5bfe\u7b56<\/h2>\n\n\n\n<p>\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u304c\u671f\u5f85\u3067\u304d\u308bLP\u30c8\u30fc\u30af\u30f3\u904b\u7528\u3067\u3059\u304c\u3001\u305d\u306e\u88cf\u306b\u306f\u5fc5\u305a\u30ea\u30b9\u30af\u304c\u5b58\u5728\u3057\u307e\u3059\u3002<br>\u8cc7\u7523\u3092\u5931\u308f\u306a\u3044\u305f\u3081\u306b\u3001\u4ee5\u4e0b\u306e3\u3064\u306e\u30ea\u30b9\u30af\u3092\u5fc5\u305a\u7406\u89e3\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ea\u30b9\u30af\u2460 \u4fa1\u683c\u5909\u52d5\u306b\u3088\u308b\u640d\u5931\u300c\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u300d<\/h3>\n\n\n\n<p>\u3010\u5c02\u9580\u7528\u8a9e\u3011\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\uff08\u5909\u52d5\u640d\u5931\uff09\u3068\u306f\uff1f \u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u306b\u9810\u3051\u305f2\u7a2e\u985e\u306e\u30c8\u30fc\u30af\u30f3\u306e\u4fa1\u683c\u6bd4\u7387\u304c\u5909\u52d5\u3059\u308b\u3053\u3068\u306b\u3088\u308a\u3001\u4e00\u6642\u7684\u306b\u640d\u5931\u304c\u767a\u751f\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u72b6\u614b\u3092\u6307\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u8cc7\u7523\u3092\u9810\u3051\u305a\u306b\u30a6\u30a9\u30ec\u30c3\u30c8\u3067\u4fdd\u6709\u3057\u7d9a\u3051\u305f\u5834\u5408\u3068\u6bd4\u8f03\u3057\u305f\u969b\u306e\u6f5c\u5728\u7684\u306a\u640d\u5931\u3067\u3042\u308a\u3001\u4fa1\u683c\u304c\u5143\u306e\u6bd4\u7387\u306b\u623b\u308c\u3070\u640d\u5931\u306f\u56de\u907f\u3067\u304d\u308b\u305f\u3081\u300c\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\uff08\u975e\u6c38\u7d9a\u7684\uff09\u300d\u3068\u547c\u3070\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4fa1\u683c\u5909\u52d5\u304c\u5927\u304d\u3044\u307b\u3069\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u306f\u62e1\u5927\u3057\u307e\u3059\u3002\u53d6\u5f15\u624b\u6570\u6599\u3084\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5831\u916c\u304c\u3053\u306e\u640d\u5931\u3092\u4e0a\u56de\u3063\u3066\u521d\u3081\u3066\u3001LP\u904b\u7528\u306f\u5229\u76ca\u304c\u51fa\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list is-style-check_list\">\n<li><strong>\u5bfe\u7b56\u65b9\u6cd5<\/strong>\n<ul class=\"wp-block-list -list-under-dashed\">\n<li>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30da\u30a2\u3084\u3001\u4fa1\u683c\u304c\u9023\u52d5\u3057\u3084\u3059\u3044\u30da\u30a2\uff08\u4f8b: ETH\/stETH\uff09\u3092\u9078\u3076\u3053\u3068\u3067\u3001\u30ea\u30b9\u30af\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u3089\u308c\u307e\u3059\u3002<\/li>\n\n\n\n<li>DeFiLlama\u306a\u3069\u306e\u30b5\u30a4\u30c8\u306b\u306f\u3001\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u3092\u8a08\u7b97\u3067\u304d\u308b\u30c4\u30fc\u30eb\u304c\u3042\u308b\u306e\u3067\u3001\u5b9a\u671f\u7684\u306b\u640d\u76ca\u3092\u78ba\u8a8d\u3059\u308b\u7fd2\u6163\u3092\u3064\u3051\u307e\u3057\u3087\u3046\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -internal\" data-type=\"type1\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">\u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/ichizenholdings.co.jp\/media\/wp-content\/uploads\/2022\/02\/ICHIZEN-CAPITAL-7-1-300x169.png\" alt=\"\" class=\"c-postThumb__img u-obf-cover\" width=\"320\" height=\"180\"><\/figure><\/div>\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/ichizenholdings.co.jp\/media\/impermanent-loss\/\">\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\u3068\u306f\uff1f\u5bfe\u7b56\u6cd5\u3084\u65e9\u898b\u8868\u30fb\u4ed5\u7d44\u307f\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">DeFi\uff08\u5206\u6563\u578b\u91d1\u878d\uff09\u306e\u4e16\u754c\u3067\u3001\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u3084\u6d41\u52d5\u6027\u63d0\u4f9b\u3068\u3044\u3063\u305f\u9b45\u529b\u7684\u306a\u904b\u7528\u65b9\u6cd5\u306b\u6311\u6226\u3057\u3088\u3046\u3068\u3059\u308b\u3068\u304d\u3001\u591a\u304f\u306e\u4eba\u304c\u51fa\u4f1a\u3046\u306e\u304c\u300c\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\uff08Imper&#8230;<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<h3 class=\"wp-block-heading\">\u30ea\u30b9\u30af\u2461 \u8cc7\u7523\u304c\u76d7\u307e\u308c\u308b\u300c\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u30ea\u30b9\u30af\u300d<\/h3>\n\n\n\n<p>DeFi\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u3001\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u3068\u3044\u3046\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u3088\u3063\u3066\u81ea\u52d5\u3067\u5b9f\u884c\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u30b3\u30fc\u30c9\u306b\u8106\u5f31\u6027\uff08\u30d0\u30b0\uff09\u304c\u3042\u308b\u3068\u3001\u30cf\u30c3\u30ab\u30fc\u306b\u60aa\u7528\u3055\u308c\u3066\u8cc7\u7523\u304c\u76d7\u307e\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u6700\u65b0\u4e8b\u4f8b\uff1a2025\u5e7411\u6708\u3001\u5927\u624bDEX\u306e\u4e00\u3064\u3067\u3042\u308bBalancer\u304c\u30cf\u30c3\u30ad\u30f3\u30b0\u3055\u308c\u3001\u7d041\u51041,600\u4e07\u30c9\u30eb\u76f8\u5f53\u306e\u8cc7\u7523\u304c\u6d41\u51fa\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u4fe1\u983c\u6027\u304c\u9ad8\u3044\u3068\u3055\u308c\u3066\u3044\u305f\u30d7\u30ed\u30c8\u30b3\u30eb\u3067\u3082\u30ea\u30b9\u30af\u306f\u30bc\u30ed\u3067\u306f\u306a\u3044\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list is-style-check_list\">\n<li><strong>\u5bfe\u7b56\u65b9\u6cd5<\/strong>\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong>\u76e3\u67fb\u30ec\u30dd\u30fc\u30c8\u3092\u78ba\u8a8d\u3059\u308b<\/strong>\uff1aCertiK\u3084Trail of Bits\u3068\u3044\u3063\u305f\u4fe1\u983c\u3067\u304d\u308b\u76e3\u67fb\u4f1a\u793e\u306b\u3088\u308b\u76e3\u67fb\u3092\u53d7\u3051\u3066\u3044\u308b\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n\n\n\n<li><strong>\u5b9f\u7e3e\u306e\u3042\u308b\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u9078\u3076<\/strong>\uff1aUniswap\u3084Curve\u306a\u3069\u3001\u9577\u671f\u9593\u30cf\u30c3\u30ad\u30f3\u30b0\u88ab\u5bb3\u306a\u304f\u904b\u55b6\u3055\u308c\u3066\u3044\u308b\u3001\u5b9f\u7e3e\u8c4a\u5bcc\u306a\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u512a\u5148\u7684\u306b\u5229\u7528\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">H3: \u30ea\u30b9\u30af\u2462 \u904b\u55b6\u304c\u8cc7\u91d1\u3092\u6301\u3061\u9003\u3052\u3059\u308b\u300c\u30e9\u30b0\u30d7\u30eb\u300d<\/h3>\n\n\n\n<p>\u300c\u30e9\u30b0\u30d7\u30eb\uff08Rug Pull\uff09\u300d\u3068\u306f\u3001\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u904b\u55b6\u8005\u304c\u610f\u56f3\u7684\u306b\u6d41\u52d5\u6027\u3092\u5f15\u304d\u629c\u304d\u3001\u6295\u8cc7\u5bb6\u304b\u3089\u96c6\u3081\u305f\u8cc7\u91d1\u3092\u6301\u3061\u9003\u3052\u3059\u308b\u8a50\u6b3a\u884c\u70ba\u3067\u3059\u3002<br>\u7279\u306b\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u8a95\u751f\u3057\u305f\u3070\u304b\u308a\u306e\u7121\u540d\u306a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3084\u3001\u7570\u5e38\u306b\u9ad8\u3044\u5229\u56de\u308a\u3092\u8b33\u3046\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3067\u767a\u751f\u3057\u3084\u3059\u3044<\/span><\/strong>\u305f\u3081\u3001\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list is-style-check_list\">\n<li><strong>\u5bfe\u7b56\u65b9\u6cd5<\/strong>\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong>\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u900f\u660e\u6027\u3092\u78ba\u8a8d<\/strong>\uff1a\u958b\u767a\u30c1\u30fc\u30e0\u306e\u8eab\u5143\u304c\u516c\u958b\u3055\u308c\u3066\u3044\u308b\u304b\u3001\u30b3\u30fc\u30c9\u306f\u30aa\u30fc\u30d7\u30f3\u30bd\u30fc\u30b9\u304b\u3001\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u306f\u6d3b\u767a\u304b\u306a\u3069\u3092\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n\n\n\n<li><strong>\u6d41\u52d5\u6027\u306e\u30ed\u30c3\u30af\u72b6\u6cc1\u3092\u78ba\u8a8d<\/strong>\uff1a\u4fe1\u983c\u3067\u304d\u308b\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306f\u3001\u904b\u55b6\u304c\u52dd\u624b\u306b\u6d41\u52d5\u6027\u3092\u5f15\u304d\u51fa\u305b\u306a\u3044\u3088\u3046\u306b\u3001LP\u30c8\u30fc\u30af\u30f3\u3092\u4e00\u5b9a\u671f\u9593\u30ed\u30c3\u30af\u3057\u3066\u3044\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">LP\u30c8\u30fc\u30af\u30f3\u904b\u7528\u3068\u7a0e\u91d1<\/h2>\n\n\n\n<p>2025\u5e74\u6642\u70b9\u3067\u306f\u3001LP\u30c8\u30fc\u30af\u30f3\u904b\u7528\u3067\u5f97\u305f\u5229\u76ca\u306f\u3001\u65e5\u672c\u306e\u7a0e\u5236\u306b\u57fa\u3065\u3044\u3066\u96d1\u6240\u5f97\u3068\u3057\u3066\u6271\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3001DeFi\u3084\u6697\u53f7\u8cc7\u7523\u306b\u95a2\u3059\u308b\u7a0e\u5236\u306f\u5e74\u3005\u5909\u5316\u3057\u3066\u304a\u308a\u3001\u660e\u78ba\u306a\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3\u304c\u5b9a\u307e\u3063\u3066\u3044\u306a\u3044\u90e8\u5206\u3082\u591a\u3044\u305f\u3081\u3001\u5e38\u306b\u6700\u65b0\u306e\u7a0e\u6cd5\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u6975\u3081\u3066\u91cd\u8981\u3067\u3059\u3002<br>\u78ba\u5b9a\u7533\u544a\u3067\u614c\u3066\u306a\u3044\u305f\u3081\u306b\u3001\u8ab2\u7a0e\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u8a08\u7b97\u65b9\u6cd5\u306e\u57fa\u672c\u3092\u7406\u89e3\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5229\u76ca\u304c\u78ba\u5b9a\u3057\u3001\u8ab2\u7a0e\u5bfe\u8c61\u3068\u306a\u308b3\u3064\u306e\u30bf\u30a4\u30df\u30f3\u30b0<\/h3>\n\n\n\n<ul class=\"wp-block-list is-style-num_circle 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