Reports from Bastion Trading or CoinDesk Indices

Nonco and Bastion Trading Complete Ethereum Staking Rate Swap Using CESR, Tapping $500 Trillion Market

Jun 1, 2024, 03:00 PM

Nonco and Bastion Trading have successfully completed a fixed-floating swap on the Ethereum staking rate using CESR, the composite ether staking rate. This transaction, structured and priced by Bastion Trading, aims to help participants manage risk and transaction costs associated with Ethereum staking yields. The completion of this swap highlights the growing utility of CESR, which was launched in partnership with CoinDesk Indices and continues to attract industry leaders and service providers. CESR is bringing the utility of the $500 trillion interest rate derivative market to crypto.