Bitcoin
$63,590.45-1.86%
Ethereum
$3,039.03-1.95%
Binance Coin
$555.77-0.87%
Solana
$141.36-2.48%
XRP
$0.52177943+4.21%
Dogecoin
$0.15225369-0.50%
Toncoin
$6.24-13.17%
Cardano
$0.48378318+3.70%
Shiba Inu
$0.00002278-0.43%
Avalanche
$35.40-0.42%
Wrapped Bitcoin
$63,792.48-1.82%
Tron
$0.10940849+0.04%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
00
DAYS
08
HR
51
MIN
27
SEC
Markets

CryptoCompare, Blockdaemon Release Staking Yield Indexes

The Staking Yield Index Family will help investors create more informed investment strategies, according to the companies.

By Lyllah Ledesma
AccessTimeIconSep 28, 2022 at 4:08 p.m. UTC
Updated Apr 10, 2024 at 2:06 a.m. UTC
(Shutterstock)
(Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

CryptoCompare, a data provider, unveiled a new group of staking yield indexes with blockchain infrastructure platform Blockdaemon.

The goal is to help investors develop more informed investment strategies, the companies said on Wednesday.

The Staking Yield Index Family will enable institutions to gain off-chain exposure to staking yield measures and annualized daily staking rewards on decentralized finance platforms, according to a press release.

The indexes will measure the annualized daily staking yield generated by a digital asset, allowing institutional investors to create return and yield swap products.

The index group will feature five individual gauges that capture the annualized daily staking yield of the top performing proof-of-stake (PoS) digital assets, according to the company: Solana, Avalanche, Cardano, Cosmos and Polkadot.

PoS blockchains stake their digital asset holdings to a validator node to secure and strengthen the blockchain network.

ETC Group, a European institutionally focused digital asset manager, was a key driver for the development of the launch and will be the first licensee, according to the press release.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Lyllah Ledesma
Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Follow @LedesmaLyllah on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.