Coinbase Earn：質押和 USDC 獎勵指南

Coinbase 提供兩種賺取加密資產利息的方法：質押和 USDC 獎勵。質押涉及在錢包中持有加密資產並以額外加密貨幣的形式賺取獎勵，而 USDC 獎勵則是透過持有與美元掛鉤的穩定幣 USDC 來獲得。 Coinbase 支持 7 種幣的質押，APY 利率範圍為 3% 至 20%，而 USDC 獎勵目前提供 5.1% 的利率。質押和 USDC 獎勵之間的選擇取決於風險承受能力、市場狀況和投資目標等因素。

Coinbase Earn: A Comprehensive Guide to Staking and USDC Rewards

Coinbase Earn：質押和 USDC 獎勵綜合指南

Introduction

介紹

In the realm of crypto investing, there are two primary methods to generate earnings from digital assets: staking and holding interest-bearing stablecoins, such as USDC. Coinbase Earn, a user-friendly platform, provides investors with an accessible avenue to participate in both these rewarding practices. This comprehensive guide delves into the nuances of Coinbase Earn's staking and USDC rewards, enabling investors to make informed decisions that align with their financial objectives and risk tolerance.

在加密貨幣投資領域，從數位資產產生收益的主要方法有兩種：質押和持有計息穩定幣，例如 USDC。 Coinbase Earn 是一個用戶友好的平台，為投資者提供了參與這些獎勵實踐的便捷途徑。本綜合指南深入探討了 Coinbase Earn 質押和 USDC 獎勵的細微差別，使投資者能夠做出符合其財務目標和風險承受能力的明智決策。

Option 1: Staking on Coinbase

選項 1：在 Coinbase 上質押

Coinbase Earn's staking service facilitates the delegation of seven Proof-of-Stake (PoS) crypto assets directly through the exchange, including Ethereum (ETH), Solana (SOL), Cardano (ADA), Polygon (MATIC), Polkadot (DOT), Cosmos (ATOM), and Tezos (XTZ). Unlike traditional staking, which can be complex and resource-intensive, Coinbase streamlines the process, making it accessible to investors of all experience levels.

Coinbase Earn 的質押服務有助於直接透過交易所委託七種權益證明 (PoS) 加密資產，包括以太坊 (ETH)、Solana (SOL)、Cardano (ADA)、Polygon (MATIC)、Polkadot (DOT)、 Cosmos (ATOM) 和Tezos (XTZ)。與複雜且佔用資源的傳統質押不同，Coinbase 簡化了流程，使所有經驗水平的投資者都可以使用。

In return for the convenience, Coinbase charges a commission of 25% for ETH and 35% for the remaining assets (26.3% for Coinbase One members). It's important to note that the staking reward rates displayed on Coinbase reflect the post-commission figures, ensuring transparency without any hidden fees.

作為便利的回報，Coinbase 對 ETH 收取 25% 的佣金，對其餘資產收取 35% 的佣金（Coinbase One 會員收取 26.3% 的佣金）。值得注意的是，Coinbase 上顯示的質押獎勵率反映了佣金後的數據，確保了透明度，沒有任何隱藏費用。

Current Staking Rates on Coinbase

Coinbase 目前的質押率

The staking rewards on Coinbase vary significantly based on the token, with rates ranging from 3% to 20% as of the time of writing. These rates are subject to change over time, influenced by the underlying platform's staking rate and market conditions. The value of the staked tokens will also fluctuate, similar to stocks, potentially leading to gains or losses.

Coinbase 上的質押獎勵根據代幣的不同而有很大差異，截至撰寫本文時，利率範圍為 3% 至 20%。這些利率可能會隨著時間的推移而變化，並受到基礎平台的質押率和市場狀況的影響。與股票類似，質押代幣的價值也會波動，可能導致收益或損失。

Factors Influencing Staking APY and Rewards

影響質押 APY 和獎勵的因素

Several factors impact the APY (Annual Percentage Yield) and rewards associated with staking. Increased participation in staking results in a diluted reward pool, leading to lower individual earnings. Market conditions also play a role, with higher token prices typically yielding greater rewards. Additionally, Coinbase retains the discretion to adjust the USDC reward rate based on liquidity and market dynamics.

有幾個因素會影響 APY（年收益率）和與質押相關的獎勵。參與質押的增加會導致獎勵池稀釋，從而導致個人收入下降。市場條件也發揮了作用，較高的代幣價格通常會帶來更大的回報。此外，Coinbase 保留根據流動性和市場動態調整 USDC 獎勵率的酌情權。

Option 2: Earning USDC Rewards

選項 2：賺取 USDC 獎勵

Besides staking, Coinbase Earn offers USDC rewards, allowing users to accrue interest simply by holding USDC, a stablecoin pegged to the value of the US dollar, in their Coinbase account. This service is available to verified users residing in eligible countries.

除了質押之外，Coinbase Earn 還提供 USDC 獎勵，用戶只需在 Coinbase 帳戶中持有 USDC（一種與美元價值掛鉤的穩定幣）即可獲得利息。此服務可供居住在符合條件的國家/地區的經過驗證的用戶使用。

Unlike lending platforms, which loan out deposited USDC and share the interest earned with depositors, Coinbase acts as a loyalty program and pays interest from its funds, eliminating the risk of borrower defaults.

與貸款平台借出存入的 USDC 並與儲戶分享賺取的利息不同，Coinbase 充當忠誠度計劃並從其資金中支付利息，從而消除了借款人違約的風險。

Current USDC Reward Rate on Coinbase

Coinbase 目前的 USDC 獎勵率

As of this writing, Coinbase offers a 5.1% interest rate on USDC, a notable increase from the previous 2%. However, it's essential to compare this rate to historical APYs offered by centralized lending platforms, which have occasionally surpassed 10%.

截至撰寫本文時，Coinbase 提供 USDC 的利率為 5.1%，較先前的 2% 顯著提高。然而，有必要將此利率與中心化借貸平台提供的歷史年利率進行比較，後者偶爾會超過 10%。

Comparing the Rewards

比較獎勵

Coinbase staking rates are constantly influenced by the underlying protocol's staking rate and market conditions. Over the past year, staking APYs have generally declined, with the exception of Solana. The staking reward rates on Coinbase range between 3% and 20%, and the value of these rewards fluctuates with the token's price.

Coinbase 的質押率持續受到底層協議的質押率和市場狀況的影響。在過去的一年裡，除了 Solana 之外，質押 APY 普遍下降。 Coinbase 上的質押獎勵率在 3% 到 20% 之間，這些獎勵的價值隨著代幣的價格而波動。

In contrast, Coinbase's USDC Rewards offer a stable 5.1% interest rate, but this rate could potentially be lower than the historical APYs provided by lending platforms.

相比之下，Coinbase 的 USDC Rewards 提供穩定的 5.1% 利率，但利率可能低於借貸平台提供的歷史 APY。

Comparing the Risks

比較風險

While staking rewards may offer higher percentage returns, investors must consider the risk of fluctuations in the value of the underlying token. Staking also entails a risk of protocol penalties, such as slashing, where rewards may be lost. However, Coinbase may replace user assets in such incidents, although this is not guaranteed.

雖然質押獎勵可能會提供更高的回報率，但投資者必須考慮基礎代幣價值波動的風險。質押還存在協議處罰的風險，例如削減，獎勵可能會遺失。然而，Coinbase 可能會在此類事件中替換用戶資產，儘管這並不能保證。

USDC rewards, on the other hand, eliminate volatility risk as the value of USDC remains stable at $1. However, holding USDC may mean missing out on potential gains during crypto bull markets.

另一方面，USDC 獎勵消除了波動風險，因為 USDC 的價值穩定在 1 美元。然而，持有 USDC 可能意味著錯過加密貨幣牛市期間的潛在收益。

Making the Decision

做出決定

The choice between staking APY and USDC rewards hinges on an investor's financial objectives and risk appetite. USDC Rewards cater to conservative investors with a low risk tolerance, as they provide a stable return without the volatility associated with staking.

質押 APY 和 USDC 獎勵之間的選擇取決於投資者的財務目標和風險偏好。 USDC 獎勵迎合風險承受能力較低的保守投資者，因為它們提供穩定的回報，且沒有與質押相關的波動。

Staking is better suited for investors willing to assume more risk in pursuit of potentially higher rewards, bearing in mind the potential fluctuations in the value of the staked tokens. A diversified portfolio strategy, including both staking and USDC holding, can mitigate volatility risks.

考慮到所質押代幣價值的潛在波動，質押更適合願意承擔更多風險以追求潛在更高報酬的投資者。多元化的投資組合策略，包括質押和持有 USDC，可以減輕波動風險。

Tax Implications

稅務影響

In the United States, both staking and USDC rewards are subject to taxation. Income earned from staked coins is taxable upon unstaking. To facilitate tax filing, Coinbase automatically provides a 1099-MISC to US users earning over $600 in USDC rewards.

在美國，質押和 USDC 獎勵都需要納稅。從質押代幣賺取的收入在取消質押時應納稅。為了方便報稅，Coinbase 會自動向賺取超過 600 美元 USDC 獎勵的美國用戶提供 1099-MISC。

Conclusion

結論

Coinbase Earn offers a convenient and accessible platform for investors to earn crypto interest through staking PoS coins and holding USDC. Selecting between these options requires a thoughtful approach that aligns with individual risk tolerance and financial goals. Staking offers higher yield potential but introduces market volatility and protocol risks, while USDC rewards provide stability and lower risk. Ultimately, whether an investor leans towards the higher potential returns of staking or the safety of USDC Rewards, Coinbase Earn caters to a wide spectrum of investment preferences.

Coinbase Earn 為投資者提供了一個方便易用的平台，透過質押 PoS 代幣和持有 USDC 來賺取加密貨幣利息。在這些選項之間進行選擇需要採取符合個人風險承受能力和財務目標的深思熟慮的方法。質押提供了更高的收益潛力，但會帶來市場波動和協議風險，而 USDC 獎勵則提供穩定性和更低的風險。最終，無論投資者傾向於更高的潛在質押回報還是 USDC 獎勵的安全性，Coinbase Earn 都能滿足廣泛的投資偏好。