Quatrefoil Launches Ethereum Staking Rate for Institutional Crypto Benchmarks
Quatrefoil Data Services has launched operations to provide institutional-grade benchmarks for digital assets, starting with a reference rate for Ethereum staking.
- The Composite Ether Staking Rate (CESR) measures yields from Ethereum validators and aims to serve as a crypto "risk-free rate."
- CESR was created by CoinFund and is distributed by CoinDesk Indices. Institutions like Coinbase and FalconX use it for product design and risk management.
- Benchmarks are essential in traditional markets, supporting futures and insurance, but the crypto industry lacks reliable standards for regulated products.
- Quatrefoil has obtained a U.S. patent for its benchmark methodology and plans to develop indices for Solana, Avalanche, liquid staking tokens, and stablecoin lending.
- Former CFTC Chair J. Christopher Giancarlo joins as an advisor, enhancing the firm's policy expertise.
- CEO Finbarr Hutcheson emphasizes that these benchmarks will enhance transparency and scalability in digital assets.
- CoinFund's Christopher Perkins notes that such standards could support trillions in products as institutional adoption grows.