Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate

“๐Ÿ”ฅEther Staking: Lukka & CoinDesk Indices Join Forces!๐Ÿš€”

Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate

Aye, mon ami! What to know:

  • Lukka ๐ŸŽฏ integrates the Composite Ether Staking Rate (CESR) into its offerings.
  • CESR ๐Ÿ’ฐ captures the mean annualized staking rate earned by Ethereum validators.
  • Financial institutions ๐Ÿฆ will use CESR as a benchmark for ether staking performance.

Dear reader, let us speak of the alliance between the U.S.-based digital asset data provider Lukka and CoinDesk Indices, a union that shall bring forth the integration of the Composite Ether Staking Rate (CESR) into their offerings. ๐Ÿ™Œ

Verily, the CESR shall capture the mean annualized staking yield earned by Ethereum validators, encompassing both consensus incentives and priority transaction fees. This rate shall serve as a beacon of light for financial institutions, asset managers, and analysts, aiding them in measuring the ether staking performance against the vast sea of competitors. ๐ŸŒŠ

Alan Campbell, the esteemed president at CoinDesk Indices, exclaims, “Our collaboration with CoinFund on CESR delivers a critical benchmark for Ethereum staking, offering institutions a trusted and standardized rate.” ๐ŸŽ‰

Dan Husher, the wise chief data product officer at Lukka, adds, “This deal illustrates a higher standard for institutional crypto data, a standard that shall be held high and cherished by all who seek knowledge and understanding in this realm.” ๐Ÿ“Š

Since the great transition of Ethereum from proof-of-work to proof-of-stake consensus mechanism in September 2022, staking has become a veritable behemoth. As of today, there is $37 billion in total value locked (TVL) across liquid staking protocols, allowing users to earn additional yield through the issuance of liquid staking tokens (LSTs). ๐Ÿค‘

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2025-03-12 19:38