Nonco, a digital asset trading company focusing on institutional and professional investors, has completed its first Ethereum staking rate fixed-floating swap, utilizing the Comprehensive Ethereum Staking Rate (CESR) provided by Bastion Trading, a systematic trading firm responsible for constructing and pricing the trade. The trade aims to help participants manage the risk and transaction costs of Ethereum staking rewards while locking in a fixed rate of return.
CESR serves as the benchmark rate for Ethereum staking rewards, providing standardized staking benchmark rates and settlement rates for derivative contracts for participants in the Ethereum ecosystem. CESR was launched in 2023 through a collaboration between CoinFund and digital asset index provider CoinDesk Indices.
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Tags:
Bastion Trading
Nonco
Ethereum
staking
Source Link:
https://www.prnewswire.com/news-releases/nonco-and-bastion-trading-complete-et…
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Original Article Link:
https://www.bitpush.news/articles/6828164
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