RedStone introduces Ether staking rate compounded for ethereum staking returns.
The benchmark captures all relevant rewards for validators and deposit accounts, withdrawals and penalties, offering a holistic view of staking returns.
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RedStone, a modular blockchain oracle provider, has launched Composite Ether Staking Rate (CESR), the first on-chain benchmark for ethereum staking yields, the company announced today.
ethereum staking yields refer to the rewards earned by participants who stake their eth tokens to help secure the ethereum network. With CESR, RedStone aims to standardize the measurement of annualized staking yields across the entire ethereum validator population.
The team said CESR is designed to provide a reliable and transparent metric for developers, market participants and institutional players interested in creating innovative ethereum performance derivative products.
The new benchmark will also serve as a settlement quote for derivative contracts. This means that it will take into account all validator rewards, deposits, withdrawals, and slashing penalties. Users will have a comprehensive view of the true dynamics of the ethereum staking environment.
RedStone stated that it has analyzed CESR data to identify trends in staking returns over time. According to the analysis, it found a decline in staking returns due to increased participation and the transformative impact of liquid staking and resttaking on the market.
The team hopes CESR will empower DeFi developers and institutions to create new financial products such as loans, bonds, and derivatives based on ethereum staking returns.
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