Lukka, a leading U.S.-based digital asset data provider, has announced a strategic partnership with CoinDesk Indices to integrate the Composite Ether Staking Rate (CESR) into its suite of offerings. This collaboration marks a significant advancement in how financial institutions, asset managers, and analysts can assess Ethereum staking performance.
The CESR is designed to capture the mean annualized staking yield earned by Ethereum validators. This comprehensive metric includes both consensus incentives and priority transaction fees, making it a reliable benchmark for evaluating relative performance in the ether staking landscape.
Alan Campbell, president at CoinDesk Indices, expressed enthusiasm about the partnership, stating, “Our collaboration with CoinFund on CESR delivers a critical benchmark for Ethereum staking, offering institutions a trusted and standardized rate.” This sentiment emphasizes the growing importance of transparency and reliability in crypto data, especially for institutional investors.
Dan Husher, chief data product officer at Lukka, echoed this view, highlighting that the integration of CESR exemplifies a “higher standard for institutional crypto data.” As institutional interest in cryptocurrencies continues to rise, accurate and standardized metrics become essential for informed decision-making.
Since the Ethereum blockchain transitioned from a proof-of-work to a proof-of-stake consensus mechanism in September 2022, staking has seen unprecedented growth. Currently, there is approximately $37 billion in total value locked (TVL) across liquid staking protocols. These protocols enable users to earn additional yields through the issuance of liquid staking tokens (LSTs), further enhancing the appeal of Ethereum staking.
This partnership between Lukka and CoinDesk Indices is a pivotal development in the crypto space, as it underscores the necessity for robust and reliable data standards tailored for institutional investors in the ever-evolving landscape of digital assets.
