What exactly is CoinFund's new Composite Ethereum Staking Rate
Show notes
Ethereum's transition to proof of stake brought significant changes to the network, including a more predictable yield for investors. Unlike proof of work, which relies on miners to validate transactions and secure the network, proof of stake involves validators holding a stake in the network and earning yield in ether for their support. CoinFund, a crypto investment firm, is attempting to standardize the yield model to create a new benchmark yield rate for Web3. In this episode, CoinFund President Chris Perkins explains how CoinFund's new Composite Ethereum Staking Rate ('CESR') aims to provide investors with a clear and comparable metric that can serve as the foundation for new financial products for the crypto space such as basis swaps and the development of a forward curve tied to Ethereum's interest rate. This episode is brought to you by our sponsor CleanSpark. About CleanSpark CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.
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