Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate

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“🔥Ether Staking: Lukka & CoinDesk Indices Join Forces!🚀”

Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate

Aye, mon ami! What to know:

  • Lukka 🎯 integrates the Composite Ether Staking Rate (CESR) into its offerings.
  • CESR 💰 captures the mean annualized staking rate earned by Ethereum validators.
  • Financial institutions 🏦 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. 🙌

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. 🌊

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.” 🎉

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.” 📊

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). 🤑

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2025-03-12 19:38