CoinFund's new product could set the benchmark yield rate for Web3

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CoinFund's new product could set the benchmark yield rate for Web3
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What exactly is CoinFund's new Composite Ethereum Staking Rate

Ethereum's transition to proof of stake brought significant changes to the network, including a more predictable yield for investors. Unlike proof of work, which relies on miners to validate transactions and secure the network, proof of stake involves validators holding a stake in the network and earning yield in ether for their support.

CoinFund, a crypto investment firm, is attempting to standardize the yield model to create a new benchmark yield rate for Web3. In this episode, CoinFund President Chris Perkins explains how CoinFund's new Composite Ethereum Staking Rate aims to provide investors with a clear and comparable metric that can serve as the foundation for new financial products for the crypto space such as basis swaps and the development of a forward curve tied to Ethereum's interest rate.

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