In brief
- FalconX executed the first forward rate agreements benchmarked to the Treehouse Ethereum Staking Rate.
- The products allow institutions to manage exposure to volatile staking yields, though they aren’t available to U.S. clients.
- The launch follows record demand for Ethereum staking, with validator queues hitting two-year highs.
San Mateo, California-headquartered FalconX said Thursday it has executed the first forward rate agreements tied to Ethereum staking yields, introducing a new class of rate-based derivatives to the digital asset market.
The contracts reference the Treehouse Ethereum Staking Rate, or TESR, a benchmark published daily by infrastructure provider Treehouse.
The measure is part of Treehouse’s “Decentralized Offered Rates” framework, intended to create crypto-native equivalents of widely used benchmarks such as Libor or the Secured Overnight Financing Rate.
Its launch comes as demand for staking has surged, with Ethereum’s validator entry queue recently hitting its highest level in two years amid billions of dollars in
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Author: Sebastian Sinclair
