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Blockchain oracle RedStone unveils first on-chain benchmark for Ethereum staking yields

RedStone has launched the Composite Ether Staking Rate (CESR), the first on-chain benchmark for Ethereum staking yields. The CESR aims to standardize the measurement of annualized staking yields and provide a reliable metric for developers, market participants, and institutional players interested in creating Ethereum yield derivative products. It will also serve as a settlement quote for derivative contracts and give users a comprehensive look at the dynamics of the Ethereum staking environment. RedStone has analyzed CESR data and found a decline in staking yields due to increased participation and the impact of liquid staking and restaking on the market. The team expects CESR to empower DeFi developers and institutions to create new financial products.

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