What exactly is CoinFund's new Composite Ethereum Staking Rate

Markets • May 3, 2023, 7:30PM EDT
UPDATED: May 3, 2023, 7:33PM EDT
The Block

Quick Take

  • CoinFund is attempting to standardize Ethereum’s yield with its new Composite Ethereum Staking Rate (‘CESR’) product.
  • CoinFund President Chris Perkins says CESR could form the foundation for new financial products in the crypto space including basis swaps and the development of a forward curve tied to Ethereum’s interest rate.

Episode 43 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro, and CoinFund President Chris Perkins.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

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.

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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.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

Editor

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Larry DiTore at
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