{"id":4287,"date":"2026-09-22T08:21:36","date_gmt":"2026-09-22T00:21:36","guid":{"rendered":"https:\/\/www.sjzylove.com\/?p=4287"},"modified":"2026-09-22T08:21:36","modified_gmt":"2026-09-22T00:21:36","slug":"%e4%bb%8eamm%e5%88%b0%e8%ae%a2%e5%8d%95%e7%b0%bf-%e6%8e%a2%e7%b4%a2polymarket%e5%ae%9a%e4%bb%b7%e6%9c%ba%e5%88%b6%e7%9a%84%e8%bd%ac%e5%8f%98%e4%bb%a5%e5%8f%8a%e4%b8%8edex%e7%bb%93%e5%90%88%e7%9a%84","status":"publish","type":"post","link":"https:\/\/www.zsmjt.com\/?p=4287","title":{"rendered":"\u4eceAMM\u5230\u8ba2\u5355\u7c3f: \u63a2\u7d22Polymarket\u5b9a\u4ef7\u673a\u5236\u7684\u8f6c\u53d8\u4ee5\u53ca\u4e0eDEX\u7ed3\u5408\u7684\u53ef\u80fd\u6027"},"content":{"rendered":"<div>\n<p>\u5728 Polymarket \u4e2d\uff0c\u6bcf\u4e00\u4e2a\u9884\u6d4b\u5e02\u573a\u672c\u8d28\u4e0a\u5c31\u662f\u4e00\u4e2a\u201c\u5173\u4e8e\u672a\u6765\u4e8b\u4ef6\u7684\u6982\u7387\u4ea4\u6613\u6240\u201d\uff0c\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u4e70\u5165\u67d0\u4e2a\u9009\u9879\uff08\u5982\u201c\u7279\u6717\u666e\u5c06\u8d62\u5f972024\u5e74\u7f8e\u56fd\u5927\u9009\u201d\uff09\u6765\u8868\u8fbe\u5bf9\u8be5\u4e8b\u4ef6\u7684\u5224\u65ad\u3002<\/p>\n<p>\u53c8\u56e0\u4e3a\u5bf9\u6982\u7387\u4e8b\u4ef6\u7684\u4e70\u5165\u4e0d\u540c\u4e8e\u5e38\u89c1\u7684\u4ea4\u6613, \u56e0\u6b64Polymarket\u6700\u521d\u4f7f\u7528\u7684\u5b9a\u4ef7\u548c\u6d41\u52a8\u6027\u673a\u5236\u4e5f\u548c\u5e38\u89c1\u7684AMM\u7b97\u6cd5\u4e0d\u540c. Polymarket\u7684\u5b9a\u4ef7\u673a\u5236\u4ece\u6700\u521d\u7684\u7248\u672c\u5230\u73b0\u5728\u7ecf\u5386\u4e86\u5de8\u5927\u7684\u53d8\u5316, \u9996\u5148\u91c7\u7528\u7684\u662f\u4e00\u79cdAMM\u673a\u5236\u6765\u5b9e\u65f6\u63d0\u4f9b\u6d41\u52a8\u6027\u4e0e\u5b9a\u4ef7,\u53eb<strong>\u5bf9\u6570\u5e02\u573a\u8bc4\u5206\u89c4\u5219<\/strong>\u7b80\u79f0&nbsp;<strong>LMSR.<\/strong>&nbsp;\u8fd9\u79cd\u7b97\u6cd5\u76ee\u524d\u4e5f\u88ab\u5176\u4ed6\u4e00\u4e9b\u52a0\u5bc6\u534f\u8bae, \u5982Ethos\u7b49\u4f7f\u7528.<\/p>\n<p>\u4e86\u89e3LMSR\u7684\u7279\u70b9\u5c31\u80fd\u660e\u767dPolymarket\u5728\u5927\u90e8\u5206\u65f6\u671f\u7684\u5b9a\u4ef7\u673a\u5236, \u4ee5\u53ca\u5176\u4ed6\u534f\u8bae\u9009\u62e9LMSR\u7684\u7406\u7531, \u4e5f\u80fd\u660e\u767dPolymarket\u4eceLMSR\u5347\u7ea7\u81f3\u94fe\u4e0b\u8ba2\u5355\u7c3f\u7684\u539f\u56e0.<\/p>\n<h3><strong>LMSR\u7684\u7279\u70b9\u4ee5\u53ca\u4f18\u7f3a\u70b9<\/strong><\/h3>\n<h4><strong>\u4ec0\u4e48\u662f LMSR\uff1f<\/strong><\/h4>\n<p>LMSR \u662f\u4e00\u79cd\u4e13\u95e8\u4e3a\u9884\u6d4b<strong>\u5e02\u573a\u8bbe\u8ba1\u7684\u5b9a\u4ef7\u673a\u5236<\/strong>\uff0c\u5b83\u5141\u8bb8\u7528\u6237\u6839\u636e\u81ea\u5df1\u7684\u5224\u65ad\u4e70\u5165\u67d0\u4e2a\u9009\u9879\u7684\u201c\u4efd\u989d\u201d\uff0c\u800c\u5e02\u573a\u4f1a\u6839\u636e\u603b\u9700\u6c42\u81ea\u52a8\u8c03\u6574\u4ef7\u683c\u3002LMSR \u7684\u6700\u5927\u7279\u70b9\u662f\uff1a<strong>\u4e0d\u4f9d\u8d56\u5bf9\u624b\u65b9\u4e5f\u80fd\u5b8c\u6210\u4ea4\u6613<\/strong>\uff0c\u5373\u4f7f\u4f60\u662f\u7b2c\u4e00\u4e2a\u4ea4\u6613\u8005\uff0c\u7cfb\u7edf\u4e5f\u80fd\u4e3a\u4f60\u5b9a\u4ef7\u548c\u6210\u4ea4\u3002\u8fd9\u8ba9\u9884\u6d4b\u5e02\u573a\u62e5\u6709\u7c7b\u4f3c Uniswap \u4e00\u6837\u7684\u201c\u6c38\u7eed\u6d41\u52a8\u6027\u201d\u3002<\/p>\n<p>\u901a\u4fd7\u6765\u8bb2\uff0cLMSR \u662f\u4e00\u4e2a<strong>\u6210\u672c\u51fd\u6570\u6a21\u578b<\/strong>\uff0c\u5b83\u6839\u636e\u7528\u6237\u5f53\u524d\u6301\u6709\u7684\u5404\u4e2a\u9009\u9879\u7684\u201c\u4efd\u989d\u201d\u6765\u8ba1\u7b97\u4ef7\u683c\u3002\u8fd9\u79cd\u673a\u5236\u786e\u4fdd\u4e86\u4ef7\u683c\u59cb\u7ec8\u80fd\u53cd\u6620\u51fa\u5f53\u524d\u5e02\u573a\u4e0a\u5bf9\u4e0d\u540c\u4e8b\u4ef6\u7ed3\u679c\u7684\u9884\u671f\u6982\u7387\u3002<\/p>\n<h4><strong>LMSR \u7684\u6838\u5fc3\u516c\u5f0f<\/strong><\/h4>\n<p>LMSR \u7684\u6210\u672c\u51fd\u6570 C \u662f\u6839\u636e\u4e00\u4e2a\u5e02\u573a\u4e2d\u6240\u6709\u53ef\u80fd\u7ed3\u679c\u7684\u5df2\u552e\u51fa\u4efd\u989d\u6570\u91cf\u6765\u8ba1\u7b97\u7684\u3002\u5176\u516c\u5f0f\u4e3a\uff1a<\/p>\n<p><img decoding=\"async\" alt=\"\u5b9a\u4ef7\u673a\u5236\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/07\/31\/1753941338404799.jpg\"><\/p>\n<p>\u8fd9\u91cc\u7684\u7b26\u53f7\u4ee3\u8868\uff1a<\/p>\n<ul>\n<li>C(\u2026): \u6210\u672c\u51fd\u6570\uff0c\u8868\u793a\u505a\u5e02\u5546\u4e3a\u4e86\u7ef4\u6301\u5f53\u524d\u6240\u6709\u7ed3\u679c\u7684\u4efd\u989d\u5206\u5e03\u6240\u4ed8\u51fa\u7684\u603b\u6210\u672c\u3002<\/li>\n<li>n: \u5e02\u573a\u4e2d\u53ef\u80fd\u7ed3\u679c\u7684\u603b\u6570\uff08\u4f8b\u5982\uff0c\u5bf9\u4e8e\u201c\u662f\/\u5426\u201d\u5e02\u573a\uff0cn=2\uff09\u3002<\/li>\n<li>qi\uff1a\u8868\u793a\u7b2c i \u4e2a\u9009\u9879\u7684\u5f53\u524d\u5df2\u8d2d\u4e70\u4efd\u989d\uff08\u53ef\u4ee5\u7406\u89e3\u4e3a\u201c\u6295\u7968\u6743\u201d\u6216\u201c\u4e0b\u6ce8\u6570\u91cf\u201d\uff09<\/li>\n<li>b\uff1a\u662f\u4e00\u4e2a\u6d41\u52a8\u6027\u53c2\u6570\uff0c\u8d8a\u5927\u8868\u793a\u5e02\u573a\u8d8a\u201c\u7a33\u5b9a\u201d\uff0c\u4ef7\u683c\u5bf9\u65b0\u4ea4\u6613\u7684\u53cd\u5e94\u8d8a\u4e0d\u654f\u611f<\/li>\n<li>C(q)\uff1a\u8868\u793a\u8981\u4f7f\u5e02\u573a\u4ece\u5f53\u524d\u72b6\u6001\u53d8\u52a8\u81f3 q \u7684\u6210\u672c<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\u5b9a\u4ef7\u673a\u5236\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/07\/31\/1753941337947713.jpg\"><\/p>\n<p>\u8fd9\u4e2a\u516c\u5f0f\u6700\u91cd\u8981\u7684\u7279\u6027\u662f\uff0c<strong>\u6240\u6709\u7ed3\u679c\u7684\u4ef7\u683c\u4e4b\u548c\u6052\u7b49\u4e8e1<\/strong>(\u2211Pi=1)\u3002\u5f53\u4e00\u4e2a\u7528\u6237\u8d2d\u4e70\u201c\u662f\u201d\u4efd\u989d\u65f6\uff0c$q(YES)\u589e\u52a0\uff0c\u5bfc\u81f4P(YES)\u4e0a\u5347\uff0c\u540c\u65f6P(NO)\u4e0b\u964d\uff0c\u4ece\u800c\u7ef4\u6301\u4ef7\u683c\u603b\u548c\u4e3a1\u3002<\/p>\n<h4><strong>\u5b9a\u4ef7\u5982\u4f55\u4ea7\u751f\uff1f<\/strong><\/h4>\n<p>LMSR \u7684\u53e6\u4e00\u4e2a\u5173\u952e\u70b9\u5728\u4e8e\uff0c<strong>\u4ef7\u683c\u662f\u6210\u672c\u51fd\u6570\u7684\u8fb9\u9645\u5bfc\u6570<\/strong>\u3002\u5373\u7b2c i \u4e2a\u9009\u9879\u7684\u4ef7\u683c pi\u662f\u4f60\u518d\u4e70\u5165\u4e00\u5355\u4f4d\u8be5\u9009\u9879\u65f6\u9700\u652f\u4ed8\u7684\u8fb9\u9645\u6210\u672c\uff1a<\/p>\n<p><img decoding=\"async\" alt=\"\u5b9a\u4ef7\u673a\u5236\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/07\/31\/1753941337945635.jpg\"><\/p>\n<p>\u8fd9\u610f\u5473\u7740\uff1a<\/p>\n<ul>\n<li>\u5982\u679c\u67d0\u4e2a\u9009\u9879\u7684\u8d2d\u4e70\u91cf\u8d8a\u5927\uff08\u5373\u8d8a\u591a\u4eba\u62bc\u6ce8\u5b83\u4f1a\u53d1\u751f\uff09\uff0c\u5b83\u7684\u4ef7\u683c\u5c31\u4f1a\u9010\u6e10\u4e0a\u5347\uff1b<\/li>\n<li>\u6700\u7ec8\u4ef7\u683c\u4f1a\u8d8b\u8fd1\u4e8e\u53cd\u6620\u6bcf\u4e2a\u9009\u9879\u53d1\u751f\u7684<strong>\u5e02\u573a\u4e3b\u89c2\u6982\u7387<\/strong>\u3002<\/li>\n<\/ul>\n<p>\u6bd4\u5982\uff0c\u5728\u4e00\u4e2a\u201c\u662f\/\u5426\u201d\u4e8c\u9009\u4e00\u7684\u9884\u6d4b\u5e02\u573a\u4e2d\uff0c\u82e5\u5927\u591a\u6570\u4eba\u4e70\u5165\u201c\u662f\u201d\uff0c\u90a3\u4e48\u201c\u662f\u201d\u7684\u4ef7\u683c\u53ef\u80fd\u4f1a\u4e0a\u6da8\u5230 0.80\uff0c\u800c\u201c\u5426\u201d\u5219\u964d\u4e3a 0.20\uff0c\u8fd9\u5c31\u50cf\u662f\u5728\u8bf4\u201c\u5e02\u573a\u8ba4\u4e3a\u4e8b\u4ef6\u53d1\u751f\u7684\u6982\u7387\u662f 80%\u201d\u3002<\/p>\n<p>\u6b64\u5916, \u65e0\u8bba\u5728\u54ea\u79cd\u6d41\u52a8\u6027\u4e0b\uff0c\u6210\u672c\u51fd\u6570\u7684\u66f2\u7ebf\u90fd\u662f\u5411\u4e0a\u5ef6\u4f38\u7684\u3002\u8fd9\u610f\u5473\u7740\u8d2d\u4e70\u7684\u4efd\u989d\u8d8a\u591a\uff0c\u9700\u8981\u652f\u4ed8\u7684\u603b\u6210\u672c\u5c31\u8d8a\u9ad8\u3002<\/p>\n<p><strong>\u6d41\u52a8\u6027\u53c2\u6570 b \u7684\u4f5c\u7528<\/strong>:&nbsp;<strong>b<\/strong>\u503c\u7684\u5927\u5c0f\u76f4\u63a5\u51b3\u5b9a\u4e86\u66f2\u7ebf\u7684\u201c\u5e73\u7f13\u201d\u7a0b\u5ea6\uff0c\u4e5f\u5c31\u662f\u5e02\u573a\u7684\u6d41\u52a8\u6027\u6216\u201c\u539a\u5ea6\u201d\u3002<\/p>\n<ul>\n<li><strong>\u9ad8\u6d41\u52a8\u6027 (\u5de6\u56fe, b=100)<\/strong>: \u66f2\u7ebf\u76f8\u5bf9\u5e73\u7f13\u3002\u8fd9\u610f\u5473\u7740\uff0c\u5373\u4f7f\u4f60\u8d2d\u4e70\u4e86\u5927\u91cf\u7684\u4efd\u989d\uff0c\u4ef7\u683c\u7684\u4e0a\u6da8\u901f\u5ea6\u4e5f\u6bd4\u8f83\u6162\u3002\u8fd9\u6837\u7684\u5e02\u573a\u53ef\u4ee5\u201c\u5438\u6536\u201d\u5927\u989d\u7684\u4ea4\u6613\u800c\u4e0d\u4f1a\u4ea7\u751f\u5267\u70c8\u7684\u4ef7\u683c\u6ce2\u52a8\u3002<\/li>\n<li><strong>\u4f4e\u6d41\u52a8\u6027 (\u53f3\u56fe, b=20)<\/strong>: \u66f2\u7ebf\u975e\u5e38\u9661\u5ced\u3002\u8fd9\u610f\u5473\u7740\uff0c\u54ea\u6015\u53ea\u662f\u5c11\u91cf\u8d2d\u4e70\uff0c\u4e5f\u4f1a\u5bfc\u81f4\u4ef7\u683c\u7684\u6025\u5267\u4e0a\u5347\u3002\u8fd9\u6837\u7684\u5e02\u573a\u975e\u5e38\u654f\u611f\uff0c\u6d41\u52a8\u6027\u8f83\u5dee\u3002<\/li>\n<\/ul>\n<p>\u9ad8\u6d41\u52a8\u6027\uff08\u5927\u7684<strong>b<\/strong>\u503c\uff09\u5c31\u50cf\u4e00\u4e2a\u201c\u7f13\u51b2\u57ab\u201d\uff0c\u8ba9\u5e02\u573a\u80fd\u5438\u6536\u66f4\u5927\u7684\u8d2d\u4e70\u529b\u800c\u4ef7\u683c\u4e0d\u5267\u70c8\u53d8\u52a8\uff08\u66f2\u7ebf\u5e73\u7f13\uff09\uff1b\u4f4e\u6d41\u52a8\u6027\u5219\u975e\u5e38\u654f\u611f\uff08\u66f2\u7ebf\u9661\u5ced\uff09\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u5b9a\u4ef7\u673a\u5236\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/07\/31\/1753941337946246.jpg\"><\/p>\n<p><img decoding=\"async\" alt=\"\u5b9a\u4ef7\u673a\u5236\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/07\/31\/1753941337946284.jpg\"><\/p>\n<h3><strong>LMSR\u7684\u673a\u5236\u6743\u8861\u4e0ePolymarket\u7684\u8303\u5f0f\u8fc1\u79fb<\/strong><\/h3>\n<p>\u5728\u63a2\u8ba8Polymarket\u5411\u8ba2\u5355\u7c3f\u6a21\u5f0f\u7684\u6f14\u8fdb\u4e4b\u524d\uff0c\u6709\u5fc5\u8981\u5148\u89e3\u6790\u5176\u65e9\u671f\u91c7\u7528\u7684LMSR\u673a\u5236\u3002LMSR\u5e76\u975e\u4e00\u4e2a\u7b80\u5355\u7684\u6280\u672f\u9009\u9879\uff0c\u800c\u662f\u4e00\u5957\u5177\u6709\u660e\u786e\u8bbe\u8ba1\u54f2\u5b66\u4e0e\u5185\u5728\u6743\u8861\u7684\u5e95\u5c42\u534f\u8bae\uff0c\u5176\u7279\u6027\u51b3\u5b9a\u4e86\u5b83\u5728\u9884\u6d4b\u5e02\u573a\u4e0d\u540c\u53d1\u5c55\u9636\u6bb5\u7684\u5386\u53f2\u5b9a\u4f4d\u3002<\/p>\n<h4><strong>LMSR\u7684\u6838\u5fc3\u673a\u5236\u4e0e\u8bbe\u8ba1\u6743\u8861<\/strong><\/h4>\n<p>LMSR\u7684\u6839\u672c\u8bbe\u8ba1\u76ee\u6807\u662f\u4fe1\u606f\u805a\u5408\uff0c\u800c\u975e\u505a\u5e02\u5546\u76c8\u5229\u3002\u5b83\u901a\u8fc7\u4e00\u79cd\u81ea\u52a8\u5316\u7684\u6570\u5b66\u6a21\u578b\uff0c\u4e3a\u9884\u6d4b\u5e02\u573a\u89e3\u51b3\u4e86\u6700\u68d8\u624b\u7684\u201c\u51b7\u542f\u52a8\u201d\u95ee\u9898\uff0c\u5373\u5728\u65e9\u671f\u7f3a\u4e4f\u4ea4\u6613\u5bf9\u624b\u65b9\u65f6\u7684\u6d41\u52a8\u6027\u4f9b\u7ed9\u3002<\/p>\n<p><strong>1. \u4f18\u52bf\u5206\u6790\uff1a\u65e0\u6761\u4ef6\u7684\u6d41\u52a8\u6027\u4f9b\u7ed9\u4e0e\u53ef\u63a7\u7684\u505a\u5e02\u98ce\u9669<\/strong>&nbsp;LMSR\u6700\u6838\u5fc3\u7684\u8d21\u732e\u5728\u4e8e\uff0c\u5b83\u786e\u4fdd\u4e86\u5e02\u573a\u5728\u4efb\u4f55\u65f6\u95f4\u70b9\u90fd\u5b58\u5728\u4ea4\u6613\u5bf9\u624b\u65b9\u3002\u65e0\u8bba\u5e02\u573a\u89c2\u70b9\u591a\u4e48\u51b7\u95e8\u6216\u6781\u7aef\uff0c\u505a\u5e02\u5546\u603b\u80fd\u63d0\u4f9b\u4e00\u4e2a\u4e70\u5165\u6216\u5356\u51fa\u7684\u62a5\u4ef7\u3002\u8fd9\u4ece\u6839\u672c\u4e0a\u89e3\u51b3\u4e86\u4f20\u7edf\u8ba2\u5355\u7c3f\u5728\u65e9\u671f\u5e02\u573a\u4e2d\u56e0\u6d41\u52a8\u6027\u7a00\u8584\u800c\u65e0\u6cd5\u6210\u4ea4\u7684\u56f0\u5883\u3002<\/p>\n<p>\u4e0e\u6b64\u76f8\u5bf9\u5e94\uff0c\u4e3a\u8fd9\u79cd\u201c\u65e0\u9650\u201d\u6d41\u52a8\u6027\u63d0\u4f9b\u62c5\u4fdd\u7684\u505a\u5e02\u5546\uff0c\u5176\u6f5c\u5728\u7684\u6700\u5927\u635f\u5931\u662f\u53ef\u9884\u6d4b\u4e14\u6709\u754c\u7684\u3002\u6700\u5927\u635f\u5931\u7531\u6d41\u52a8\u6027\u53c2\u6570\u201cb\u201d\u548c\u5e02\u573a\u7ed3\u679c\u6570\u91cf\u201cn\u201d\u5171\u540c\u51b3\u5b9a\uff0c\u5176\u516c\u5f0f\u4e3a\u201c\u6700\u5927\u635f\u5931 = b\u22c5ln(n)\u201d\u3002\u8fd9\u79cd\u98ce\u9669\u7684\u786e\u5b9a\u6027\uff0c\u4f7f\u5f97\u8d5e\u52a9\u4e00\u4e2a\u9884\u6d4b\u5e02\u573a\u7684\u6210\u672c\u53d8\u5f97\u53ef\u63a7\uff0c\u6d88\u9664\u4e86\u65e0\u9650\u4e8f\u635f\u7684\u98ce\u9669\uff0c\u8fd9\u5bf9\u4e8e\u9700\u8981\u542f\u52a8\u65b0\u5e02\u573a\u7684\u534f\u8bae\u65b9\u6216\u7ec4\u7ec7\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<p><strong>2. \u5185\u5728\u7f3a\u9677\uff1a\u9759\u6001\u6d41\u52a8\u6027\u4e0e\u975e\u76c8\u5229\u5bfc\u5411<\/strong>&nbsp;\u7136\u800c\uff0cLMSR\u7684\u4f18\u52bf\u4e5f\u5e26\u6765\u4e86\u5176\u65e0\u6cd5\u514b\u670d\u7684\u7ed3\u6784\u6027\u7f3a\u9677\u3002<\/p>\n<ul>\n<li><strong>b\u53c2\u6570\u56f0\u5883\u4e0e\u9759\u6001\u6d41\u52a8\u6027\uff1a<\/strong>&nbsp;\u8fd9\u662fLMSR\u6700\u6838\u5fc3\u7684\u5236\u7ea6\u3002\u6d41\u52a8\u6027\u53c2\u6570\u201cb\u201d\u5728\u5e02\u573a\u521b\u5efa\u65f6\u5373\u88ab\u8bbe\u5b9a\uff0c\u4e14\u901a\u5e38\u5728\u5e02\u573a\u751f\u547d\u5468\u671f\u5185\u4fdd\u6301\u4e0d\u53d8\u3002\u5927\u7684\u201cb\u201d\u503c\u610f\u5473\u7740\u6d41\u52a8\u6027\u6df1\u3001\u4ef7\u683c\u7a33\u5b9a\uff0c\u4f46\u5bf9\u65b0\u4fe1\u606f\u53cd\u5e94\u8fdf\u949d\uff1b\u5c0f\u7684\u201cb\u201d\u503c\u5219\u610f\u5473\u7740\u4ef7\u683c\u654f\u611f\u3001\u80fd\u5feb\u901f\u805a\u5408\u89c2\u70b9\uff0c\u4f46\u5e02\u573a\u8106\u5f31\u3001\u6ce2\u52a8\u5267\u70c8\u3002\u8fd9\u79cd\u9759\u6001\u8bbe\u5b9a\u4f7f\u5e02\u573a\u65e0\u6cd5\u6839\u636e\u6d41\u52a8\u6027\u7684\u5b9e\u9645\u589e\u51cf\u548c\u4fe1\u606f\u6d41\u7684\u53d8\u5316\uff0c\u6765\u81ea\u9002\u5e94\u5730\u8c03\u6574\u5176\u6df1\u5ea6\u4e0e\u654f\u611f\u5ea6\u3002<\/li>\n<li><strong>\u505a\u5e02\u5546\u7684\u8865\u8d34\u89d2\u8272\uff1a<\/strong>&nbsp;LMSR\u6a21\u578b\u5728\u7406\u8bba\u4e0a\u7684\u6570\u5b66\u671f\u671b\u662f\u4e8f\u635f\u7684\u3002\u505a\u5e02\u5546\u7684\u635f\u5931\uff0c\u88ab\u89c6\u4e3a\u5176\u4e3a\u83b7\u53d6\u5e02\u573a\u96c6\u4f53\u667a\u6167\uff08\u5373\u6240\u6709\u4ea4\u6613\u5f62\u6210\u7684\u6700\u7ec8\u51c6\u786e\u4ef7\u683c\uff09\u6240\u652f\u4ed8\u7684\u201c\u4fe1\u606f\u8d39\u7528\u201d\u3002\u8fd9\u4e00\u5b9a\u4f4d\u51b3\u5b9a\u4e86\u5b83\u672c\u8d28\u4e0a\u662f\u4e00\u4e2a\u7531\u53d1\u8d77\u65b9\u8865\u8d34\u4ea4\u6613\u7684\u7cfb\u7edf\uff0c\u4e0d\u9002\u7528\u4e8e\u8ffd\u6c42\u5229\u6da6\u7684\u505a\u5e02\u5546\u6a21\u578b\uff0c\u4e5f\u96be\u4ee5\u6784\u5efa\u4e00\u4e2a\u7531\u5927\u91cf\u53bb\u4e2d\u5fc3\u5316LP\u5171\u540c\u53c2\u4e0e\u7684\u76c8\u5229\u751f\u6001\u3002<\/li>\n<\/ul>\n<p>\u6b64\u5916\uff0cLMSR\u5728\u94fe\u4e0a\u5b9e\u73b0\u65f6\uff0c\u6d89\u53ca\u7684\u5bf9\u6570\u548c\u6307\u6570\u8fd0\u7b97\u76f8\u8f83\u4e8eDEX\u4e2d\u5e38\u89c1\u7684\u56db\u5219\u8fd0\u7b97\uff0c\u4f1a\u6d88\u8017\u66f4\u591a\u7684Gas\uff0c\u8fd9\u8fdb\u4e00\u6b65\u589e\u52a0\u4e86\u5176\u5728\u53bb\u4e2d\u5fc3\u5316\u73af\u5883\u4e0b\u7684\u4ea4\u6613\u6469\u64e6\u3002<\/p>\n<h4><strong>\u8303\u5f0f\u8fc1\u79fb\uff1aPolymarket\u653e\u5f03LMSR\u7684\u903b\u8f91\u5fc5\u7136\u6027<\/strong><\/h4>\n<p>\u7efc\u4e0a\u5206\u6790\uff0cLMSR\u662f\u4e00\u4e2a\u5728\u5e73\u53f0\u65e9\u671f\u3001\u6d41\u52a8\u6027\u532e\u4e4f\u9636\u6bb5\u9ad8\u6548\u5b9e\u7528\u7684\u5de5\u5177\u3002\u4f46\u5f53Polymarket\u7684\u7528\u6237\u4e0e\u8d44\u91d1\u4f53\u91cf\u8d8a\u8fc7\u4e34\u754c\u70b9\u540e\uff0c\u5176\u4ee5\u727a\u7272\u6548\u7387\u4e3a\u4ee3\u4ef7\u6362\u53d6\u6d41\u52a8\u6027\u7684\u8bbe\u8ba1\uff0c\u4fbf\u4ece\u4f18\u52bf\u8f6c\u53d8\u4e3a\u53d1\u5c55\u7684\u684e\u688f\u3002\u5176\u5411\u8ba2\u5355\u7c3f\u6a21\u5f0f\u7684\u8fc1\u79fb\uff0c\u662f\u57fa\u4e8e\u4ee5\u4e0b\u51e0\u70b9\u6218\u7565\u8003\u91cf\uff1a<\/p>\n<ul>\n<li><strong>\u8d44\u672c\u6548\u7387\u7684\u6839\u672c\u8bc9\u6c42\uff1a<\/strong>&nbsp;LMSR\u8981\u6c42\u505a\u5e02\u5546\u4e3a\u4ece0%\u5230100%\u7684\u6574\u4e2a\u4ef7\u683c\u533a\u95f4\u63d0\u4f9b\u6d41\u52a8\u6027\uff0c\u8fd9\u5bfc\u81f4\u5927\u91cf\u8d44\u672c\u6c89\u6dc0\u5728\u6210\u4ea4\u6982\u7387\u6781\u4f4e\u7684\u4ef7\u683c\u70b9\u4e0a\uff0c\u8d44\u672c\u6548\u7387\u4f4e\u4e0b\u3002\u8ba2\u5355\u7c3f\u5219\u5141\u8bb8\u505a\u5e02\u5546\u4e0e\u7528\u6237\u5c06\u6d41\u52a8\u6027\u7cbe\u51c6\u96c6\u4e2d\u5728\u5e02\u573a\u6700\u6d3b\u8dc3\u7684\u4ef7\u683c\u533a\u95f4\uff0c\u8fd9\u4e0e\u4e13\u4e1a\u505a\u5e02\u7b56\u7565\u9ad8\u5ea6\u5951\u5408\u3002<\/li>\n<li><strong>\u4ea4\u6613\u4f53\u9a8c\u7684\u4f18\u5316\uff1a<\/strong>&nbsp;LMSR\u7684\u7b97\u6cd5\u7279\u6027\u51b3\u5b9a\u4e86\u4efb\u4f55\u89c4\u6a21\u7684\u4ea4\u6613\u90fd\u4e0d\u53ef\u907f\u514d\u5730\u4ea7\u751f\u6ed1\u70b9\u3002\u5bf9\u4e8e\u6d41\u52a8\u6027\u65e5\u76ca\u589e\u539a\u7684\u5e02\u573a\u800c\u8a00\uff0c\u8fd9\u79cd\u56fa\u6709\u7684\u4ea4\u6613\u6469\u64e6\u4f1a\u963b\u788d\u5927\u989d\u8d44\u91d1\u7684\u8fdb\u5165\u3002\u800c\u6210\u719f\u7684\u8ba2\u5355\u7c3f\u5e02\u573a\u80fd\u901a\u8fc7\u5bc6\u96c6\u7684\u5bf9\u624b\u76d8\u6df1\u5ea6\u5438\u6536\u5927\u989d\u8ba2\u5355\uff0c\u63d0\u4f9b\u6ed1\u70b9\u66f4\u4f4e\u3001\u4f53\u9a8c\u66f4\u4f18\u7684\u4ea4\u6613\u6267\u884c\u3002<\/li>\n<li><strong>\u5438\u5f15\u4e13\u4e1a\u6d41\u52a8\u6027\u7684\u6218\u7565\u9700\u8981\uff1a<\/strong>&nbsp;\u8ba2\u5355\u7c3f\u662f\u4e13\u4e1a\u4ea4\u6613\u8005\u4e0e\u505a\u5e02\u673a\u6784\u6700\u901a\u7528\u3001\u6700\u719f\u6089\u7684\u5e02\u573a\u6a21\u578b\u3002\u8f6c\u5411\u8ba2\u5355\u7c3f\uff0c\u610f\u5473\u7740Polymarket\u5411\u52a0\u5bc6\u4e16\u754c\u4e43\u81f3\u4f20\u7edf\u91d1\u878d\u7684\u4e13\u4e1a\u6d41\u52a8\u6027\u4f9b\u5e94\u5546\u53d1\u51fa\u4e86\u660e\u786e\u7684\u9080\u8bf7\u4fe1\u53f7\u3002\u8fd9\u662f\u5e73\u53f0\u4ece\u5438\u5f15\u6563\u6237\u53c2\u4e0e\uff0c\u8fc8\u5411\u6784\u5efa\u4e13\u4e1a\u7ea7\u5e02\u573a\u6df1\u5ea6\u7684\u5173\u952e\u4e00\u6b65\u3002<\/li>\n<\/ul>\n<h3>\u5f53\u524dPolymarket\u7684\u5b9a\u4ef7\u4ee5\u53ca\u6d41\u52a8\u6027\u673a\u5236<\/h3>\n<p>Polymarket\u7684\u5347\u7ea7\uff0c\u662f\u5176\u5728\u7528\u6237\u89c4\u6a21\u4e0e\u5e73\u53f0\u6210\u719f\u5ea6\u8fbe\u5230\u4e34\u754c\u70b9\u540e\u7684\u5fc5\u7136\u9009\u62e9\u3002\u8fd9\u4e00\u8f6c\u53d8\u7684\u80cc\u540e\uff0c\u662f\u5176\u5bf9\u4ea4\u6613\u4f53\u9a8c\u3001Gas\u6210\u672c\u4e0e\u5e02\u573a\u6df1\u5ea6\u4e09\u91cd\u76ee\u6807\u7684\u7cfb\u7edf\u6027\u8003\u91cf\u3002\u5176\u5f53\u524d\u7684\u67b6\u6784\uff0c\u53ef\u4ee5\u4ece\u6d41\u52a8\u6027\u673a\u5236\u4e0e\u4ef7\u683c\u951a\u5b9a\u903b\u8f91\u4e24\u4e2a\u5c42\u9762\u8fdb\u884c\u89e3\u6790\u3002<\/p>\n<h4><strong>\u94fe\u4e0a\u7ed3\u7b97\u4e0e\u94fe\u4e0b\u8ba2\u5355\u7c3f\u7684\u6df7\u5408\u6a21\u5f0f<\/strong><\/h4>\n<p>Polymarket\u7684\u6d41\u52a8\u6027\u673a\u5236\u91c7\u7528\u4e86\u4e00\u79cd\u94fe\u4e0a\u4e0e\u94fe\u4e0b\u7ed3\u5408\u7684\u6df7\u5408\u67b6\u6784\uff0c\u65e8\u5728\u517c\u987e\u53bb\u4e2d\u5fc3\u5316\u7ed3\u7b97\u7684\u5b89\u5168\u6027\u4e0e\u4e2d\u5fc3\u5316\u4ea4\u6613\u7684\u6d41\u7545\u4f53\u9a8c\u3002<\/p>\n<ul>\n<li><strong>\u94fe\u4e0b\u8ba2\u5355\u7c3f :<\/strong>&nbsp;\u7528\u6237\u7684\u9650\u4ef7\u5355\u63d0\u4ea4\u4e0e\u64ae\u5408\u5747\u5728\u94fe\u4e0b\u670d\u52a1\u5668\u5b8c\u6210\uff0c\u64cd\u4f5c\u5373\u65f6\u4e14\u65e0Gas\u6210\u672c\u3002\u8fd9\u4f7f\u5f97Polymarket\u7684\u4ea4\u6613\u4f53\u9a8c\u4e0e\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u8d8b\u540c\uff0c\u7528\u6237\u53ef\u4ee5\u76f4\u89c2\u5730\u770b\u5230\u7531\u6240\u6709\u9650\u4ef7\u5355\u6784\u6210\u7684\u5e02\u573a\u6df1\u5ea6\uff08\u4e70\u5356\u76d8\u53e3\uff09\u3002\u6d41\u52a8\u6027\u56e0\u6b64\u76f4\u63a5\u6765\u6e90\u4e8e\u6240\u6709\u4ea4\u6613\u53c2\u4e0e\u8005\u81ea\u8eab\uff0c\u800c\u975e\u88ab\u52a8\u7684\u6d41\u52a8\u6027\u8d44\u91d1\u6c60\u3002<\/li>\n<li><strong>\u94fe\u4e0a\u7ed3\u7b97:<\/strong>&nbsp;\u5f53\u94fe\u4e0b\u8ba2\u5355\u7c3f\u4e2d\u7684\u4e70\u5355\u4e0e\u5356\u5355\u6210\u529f\u64ae\u5408\uff0c\u6700\u7ec8\u7684\u8d44\u4ea7\u4ea4\u5272\u6b65\u9aa4\u4f1a\u5728Polygon\u94fe\u4e0a\u901a\u8fc7\u667a\u80fd\u5408\u7ea6\u6267\u884c\u3002\u8fd9\u79cd\u201c\u94fe\u4e0b\u64ae\u5408\u3001\u94fe\u4e0a\u7ed3\u7b97\u201d\u7684\u6a21\u5f0f\uff0c\u5728\u4fdd\u7559\u8ba2\u5355\u7c3f\u7075\u6d3b\u6027\u7684\u540c\u65f6\uff0c\u786e\u4fdd\u4e86\u4ea4\u6613\u7ed3\u679c\u7684\u6700\u7ec8\u6027\u4e0e\u8d44\u4ea7\u5f52\u5c5e\u7684\u4e0d\u53ef\u7be1\u6539\u6027\u3002\u5176\u663e\u793a\u7684\u201c\u4ef7\u683c\u201d\uff0c\u5373\u662f\u94fe\u4e0b\u8ba2\u5355\u7c3f\u4e2d\u4e70\u4e00\u4ef7\u4e0e\u5356\u4e00\u4ef7\u7684\u4e2d\u70b9\u3002<\/li>\n<\/ul>\n<h4><strong>\u4ef7\u683c\u951a\u5b9a\u7684\u5e95\u5c42\u903b\u8f91\u2014\u2014\u4efd\u989d\u5bf9\u94f8\u9020\u4e0e\u5957\u5229\u5faa\u73af<\/strong><\/h4>\n<p>\u5bf9\u4e8e\u9884\u6d4b\u5e02\u573a\uff0c\u6838\u5fc3\u673a\u5236\u662f\u5982\u4f55\u786e\u4fdd\u201c\u662f\u201d\uff08YES\uff09\u4e0e\u201c\u5426\u201d\uff08NO\uff09\u4e24\u79cd\u7ed3\u679c\u7684\u6982\u7387\u603b\u548c\u6052\u7b49\u4e8e100%\uff08\u5373\u201c$1\u201d\uff09\u3002\u8ba2\u5355\u7c3f\u6a21\u5f0f\u672c\u8eab\u4e0d\u901a\u8fc7\u4ee3\u7801\u5f3a\u5236\u9650\u5b9a\u6302\u5355\u4ef7\u683c\uff0c\u800c\u662f\u901a\u8fc7\u4e00\u5957\u7cbe\u5de7\u7684\u5e95\u5c42\u8d44\u4ea7\u8bbe\u8ba1\u4e0e\u5957\u5229\u673a\u5236\uff0c\u5229\u7528\u5e02\u573a\u81ea\u8eab\u7684\u4fee\u6b63\u529b\u91cf\uff0c\u786e\u4fdd\u4ef7\u683c\u603b\u548c\u59cb\u7ec8\u5411\u201c$1\u201d\u6536\u655b\u3002<\/p>\n<p><strong>1. \u6838\u5fc3\u57fa\u7840\uff1a\u5b8c\u6574\u4efd\u989d\u5bf9\u7684\u94f8\u9020\u4e0e\u8d4e\u56de<\/strong>&nbsp;\u8be5\u673a\u5236\u7684\u57fa\u77f3\u662fPolymarket\u5408\u7ea6\u5c42\u5efa\u7acb\u7684\u4e00\u4e2a\u4e0d\u53ef\u52a8\u6447\u7684\u4ef7\u503c\u7b49\u5f0f\u3002<\/p>\n<ul>\n<li><strong>\u94f8\u9020:<\/strong>&nbsp;\u4efb\u4f55\u53c2\u4e0e\u8005\u90fd\u53ef\u4ee5\u5411\u5408\u7ea6\u5b58\u5165\u201c$1\u201d USDC\uff0c\u5e76\u540c\u65f6\u83b7\u5f971\u4e2aYES\u4efd\u989d\u4e0e1\u4e2aNO\u4efd\u989d\u3002\u6b64\u64cd\u4f5c\u786e\u7acb\u4e86\u201c1 YES\u4efd\u989d + 1 NO\u4efd\u989d = $1\u201d\u7684\u5e95\u5c42\u4ef7\u503c\u951a\u5b9a\u3002<\/li>\n<li><strong>\u8d4e\u56de:<\/strong>&nbsp;\u540c\u6837\uff0c\u4efb\u4f55\u540c\u65f6\u6301\u67091\u4e2aYES\u4efd\u989d\u548c1\u4e2aNO\u4efd\u989d\u7684\u53c2\u4e0e\u8005\uff0c\u53ef\u968f\u65f6\u5c06\u5176\u7ec4\u5408\u5e76\u4ea4\u8fd8\u7ed9\u5408\u7ea6\uff0c\u8d4e\u56de\u201c$1\u201d USDC\u3002<\/li>\n<\/ul>\n<p>\u8fd9\u4e00\u53cc\u5411\u901a\u9053\u786e\u4fdd\u4e86\u4e00\u5957\u5b8c\u6574\u7ed3\u679c\u7684\u603b\u4ef7\u503c\u88ab\u7262\u56fa\u5730\u951a\u5b9a\u5728\u201c$1\u201d\u3002<\/p>\n<p><strong>2. \u4ef7\u683c\u53d1\u73b0\uff1a\u72ec\u7acb\u7684\u8ba2\u5355\u7c3f\u4ea4\u6613<\/strong>&nbsp;\u57fa\u4e8e\u4e0a\u8ff0\u57fa\u7840\uff0cYES\u4efd\u989d\u548cNO\u4efd\u989d\u4f5c\u4e3a\u4e24\u79cd\u72ec\u7acb\u7684\u8d44\u4ea7\uff0c\u5728\u5404\u81ea\u7684\u8ba2\u5355\u7c3f\u4e0a\u4e0eUSDC\u8fdb\u884c\u4ea4\u6613\u3002\u53c2\u4e0e\u8005\u53ef\u4ee5\u81ea\u7531\u6302\u51fa\u4efb\u4f55\u4ef7\u683c\u7684\u9650\u4ef7\u5355\uff0c\u534f\u8bae\u5c42\u5bf9\u6b64\u4e0d\u8bbe\u9650\u5236\u3002\u8fd9\u79cd\u81ea\u7531\u5b9a\u4ef7\u673a\u5236\u5fc5\u7136\u4f1a\u5bfc\u81f4\u4ef7\u683c\u504f\u79bb\uff0c\u4ece\u800c\u4e3a\u5957\u5229\u8005\u521b\u9020\u673a\u4f1a\u3002<\/p>\n<p><strong>3. \u4ef7\u683c\u7ea6\u675f\uff1a\u5e02\u573a\u5316\u7684\u5957\u5229\u4fee\u6b63<\/strong>&nbsp;\u5957\u5229\u8005\uff08\u901a\u5e38\u4e3a\u81ea\u52a8\u5316\u673a\u5668\u4eba\uff09\u7684\u9010\u5229\u884c\u4e3a\u662f\u786e\u4fdd\u4ef7\u683c\u56de\u5f52\u7684\u5173\u952e\u3002\u4e00\u65e6YES\u4e0eNO\u4efd\u989d\u7684\u4ea4\u6613\u4ef7\u683c\u4e4b\u548c\u504f\u79bb\u201c$1\u201d\uff0c\u65e0\u98ce\u9669\u5957\u5229\u7a97\u53e3\u4fbf\u4f1a\u6253\u5f00\u3002<\/p>\n<ul>\n<li>\u5f53 \u201cP(YES) + P(NO) &gt; $1\u201d (\u4f8b\u5982 \u201c$0.70 + $0.40 = $1.10\u201d): \u5957\u5229\u8005\u4f1a\u6267\u884c\u201c\u94f8\u9020-\u5356\u51fa\u201d\u64cd\u4f5c\uff1a\u5411\u5408\u7ea6\u5b58\u5165\u201c$1\u201d\uff0c\u94f8\u9020\u51fa1\u4e2aYES\u548c1\u4e2aNO\u4efd\u989d\uff0c\u518d\u7acb\u5373\u4e8e\u8ba2\u5355\u7c3f\u4e0a\u5206\u522b\u4ee5\u201c$0.70\u201d\u548c\u201c$0.40\u201d\u5356\u51fa\uff0c\u83b7\u5f97\u201c$0.10\u201d\u7684\u65e0\u98ce\u9669\u5229\u6da6\u3002\u6b64\u884c\u4e3a\u5927\u91cf\u53d1\u751f\uff0c\u4f1a\u589e\u52a0\u5e02\u573a\u7684\u5356\u76d8\u538b\u529b\uff0c\u9a71\u52a8YES\u548cNO\u7684\u4ef7\u683c\u540c\u6b65\u4e0b\u8dcc\uff0c\u76f4\u81f3\u5176\u603b\u548c\u56de\u5f52\u201c$1\u201d\u3002<\/li>\n<li>\u5f53 \u201cP(YES) + P(NO) &lt; $1\u201d (\u4f8b\u5982 \u201c$0.60 + $0.30 = $0.90\u201d): \u5957\u5229\u8005\u4f1a\u6267\u884c\u201c\u4e70\u5165-\u8d4e\u56de\u201d\u64cd\u4f5c\uff1a\u5728\u8ba2\u5355\u7c3f\u4e0a\u5206\u522b\u4ee5\u201c$0.60\u201d\u548c\u201c$0.30\u201d\u4e70\u51651\u4e2aYES\u548c1\u4e2aNO\u4efd\u989d\uff0c\u518d\u5c06\u5176\u7ec4\u5408\u540e\u4ea4\u7531\u5408\u7ea6\u8d4e\u56de\u201c$1\u201d\uff0c\u83b7\u5f97\u201c$0.10\u201d\u7684\u65e0\u98ce\u9669\u5229\u6da6\u3002\u6b64\u884c\u4e3a\u4f1a\u589e\u52a0\u5e02\u573a\u7684\u4e70\u76d8\u9700\u6c42\uff0c\u9a71\u52a8\u4e24\u4e2a\u4efd\u989d\u7684\u4ef7\u683c\u540c\u6b65\u4e0a\u6da8\uff0c\u76f4\u81f3\u603b\u548c\u56de\u5f52\u201c$1\u201d\u3002<\/li>\n<\/ul>\n<p>\u8fd9\u5957\u673a\u5236\u7684\u8bbe\u8ba1\u7cbe\u9ad3\u5728\u4e8e\uff0c\u534f\u8bae\u672c\u8eab\u4e0d\u626e\u6f14\u88c1\u5224\u5458\uff0c\u800c\u662f\u901a\u8fc7\u5efa\u7acb\u4e00\u5957\u7262\u56fa\u7684\u4ef7\u503c\u951a\u70b9\u548c\u5f00\u653e\u7684\u5957\u5229\u901a\u9053\uff0c\u8ba9\u5e02\u573a\u53c2\u4e0e\u8005\u7684\u9010\u5229\u884c\u4e3a\u6210\u4e3a\u7ef4\u62a4\u7cfb\u7edf\u4ef7\u683c\u7a33\u5b9a\u6027\u7684\u51b3\u5b9a\u6027\u529b\u91cf\u3002<\/p>\n<h3>Polymarket\u4e0eDEX\u7ed3\u5408\u7684\u53ef\u80fd\u6027<\/h3>\n<p>Polymarket\u9009\u62e9\u4eceAMM\u5347\u7ea7\u81f3\u8ba2\u5355\u7c3f\u6a21\u5f0f, \u4e00\u65b9\u9762\u662f\u5e73\u53f0\u7684\u4f7f\u7528\u4eba\u6570\u7206\u53d1\u5f0f\u4e0a\u6da8, \u6d41\u52a8\u6027\u5145\u88d5, \u8ba2\u5355\u7c3f\u4f53\u9a8c\u4e0d\u81f3\u4e8e\u7cdf\u7cd5; \u53e6\u4e00\u65b9\u9762, \u5b9a\u4ef7\u673a\u5236\u5347\u7ea7\u4e4b\u540e\u66f4\u9002\u5408\u4e13\u4e1a\u505a\u5e02\u5546\u53c2\u4e0e.<\/p>\n<p>\u968f\u7740X \u6b63\u5f0f\u5ba3\u5e03\u4e0e Polymarket \u5efa\u7acb\u5408\u4f5c\u5173\u7cfb, Polymarket\u4e5f\u6210\u4e3a\u4e86X\u7684\u5b98\u65b9\u9884\u6d4b\u5e02\u573a. Polymarket\u4e0eX\u4e0d\u5bf9\u79f0\u7684\u7528\u6237\u57fa\u6570\u65e0\u7591\u4f1a\u4e3a\u524d\u8005\u5e26\u6765\u66f4\u8fdb\u4e00\u6b65\u7684\u65b0\u7528\u6237. \u5728\u8fd9\u4e2a\u8fc7\u7a0b\u4e2d, Polymarket\u53c8\u4f1a\u4e0e\u52a0\u5bc6\u534f\u8bae\u5f62\u6210\u7528\u6237\u57fa\u6570\u7684\u4e0d\u5bf9\u79f0, \u7528\u6237\u7684\u6d41\u91cf\u95f8\u95e8\u4f1a\u968f\u7740X\u7ecfPolymarket\u8fdb\u5165\u52a0\u5bc6\u884c\u4e1a.<\/p>\n<p>\u5728\u8fd9\u4e2a\u524d\u63d0\u4e0b, \u6211\u4eec\u9700\u8981\u601d\u8003\u7684\u662fPolymarket\u4e0e\u52a0\u5bc6\u534f\u8bae\u4e4b\u95f4\u65b0\u7684\u53ef\u80fd\u6027, \u8fdb\u4e00\u6b65\u8bb2, Polymarket\u4e0eDEX\u7ed3\u5408\u7684\u53ef\u80fd\u6027.<\/p>\n<p>\u9996\u5148\uff0cPolymarket\u4e3aDEX\u751f\u6001\u53c2\u4e0e\u8005\u63d0\u4f9b\u4e86\u539f\u751f\u4e14\u9ad8\u6548\u7684\u98ce\u9669\u5bf9\u51b2\u5de5\u5177\u3002DEX\u4e2d\u7684\u8d44\u4ea7\u6301\u6709\u8005\u4e0eLP\u666e\u904d\u9762\u4e34\u7740\u65e0\u5e38\u635f\u5931\u3001\u534f\u8bae\u98ce\u9669\u6216\u5b8f\u89c2\u6ce2\u52a8\u7684\u98ce\u9669\u655e\u53e3\u3002\u4f20\u7edf\u5bf9\u51b2\u5de5\u5177\u5728DeFi\u4e2d\u5b58\u5728\u5272\u88c2\u611f\uff0c\u800cPolymarket\u7684\u4e8b\u4ef6\u5408\u7ea6\u6070\u597d\u80fd\u6210\u4e3a\u5176\u98ce\u9669\u5b9a\u4ef7\u7684\u201c\u955c\u50cf\u5c42\u201d\u3002\u4f8b\u5982\uff0c\u9488\u5bf9\u201c\u67d0\u7a33\u5b9a\u5e01\u662f\u5426\u8131\u951a\u201d\u6216\u201c\u67d0\u534f\u8bae\u5347\u7ea7\u80fd\u5426\u6210\u529f\u201d\u7684\u9884\u6d4b\u5408\u7ea6\uff0c\u53ef\u4ee5\u76f4\u63a5\u88abDEX\u7528\u6237\u7528\u6765\u5bf9\u51b2\u5176\u94fe\u4e0a\u5934\u5bf8\u7684\u6f5c\u5728\u635f\u5931\u3002\u8fd9\u79cd\u6a21\u5f0f\u5c06\u98ce\u9669\u7ba1\u7406\u4ece\u88ab\u52a8\u627f\u53d7\u8f6c\u53d8\u4e3a\u4e3b\u52a8\u914d\u7f6e\uff0c\u6210\u4e3a\u4e86DeFi\u751f\u6001\u4e2d\u4e00\u4e2a\u53ef\u7ec4\u5408\u7684\u91d1\u878d\u201c\u79ef\u6728\u201d\u3002<\/p>\n<p>\u5176\u6b21\uff0c\u9884\u6d4b\u5e02\u573a\u7684\u4ef7\u683c\u6570\u636e\u53ef\u4f5c\u4e3aDEX\u96c6\u4e2d\u6d41\u52a8\u6027\u7ba1\u7406\u7684\u9ad8\u4ef7\u503c\u5148\u884c\u6307\u6807\u3002\u5728Uniswap 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