Lukka Partners with CoinDesk Indices to Launch Composite Ether Staking Rate
U.S.-based digital asset data provider Lukka has partnered with CoinDesk Indices to incorporate the Composite Ether Staking Rate (CESR) into its services.
- The CESR measures the mean annualized staking yield for Ethereum validators, including consensus incentives and transaction fees.
- Financial institutions, asset managers, and analysts can use the CESR as a benchmark for ether staking performance.
- Alan Campbell from CoinDesk Indices stated that CESR provides a standardized rate for Ethereum staking.
- Dan Husher from Lukka emphasized the collaboration sets a higher standard for institutional crypto data.
- Ethereum staking has significantly increased since the blockchain switched to proof-of-stake in September 2022, with $37 billion in total value locked across liquid staking protocols.