CF Staking Reward Rate Series Registered with European Union’s Benchmark Regulation
The CF Staking Reward Rate Series has been officially registered with the European Union’s Benchmark Regulation. This series provides data on the reward rates of proof-of-stake (PoS) cryptocurrencies. The data is sourced from four institutional non-custodial staking providers, offering a comprehensive overview of the PoS space.
Opening up the Proof-of-Stake Space to Investors
Sui Chung, CEO of CF Benchmarks, highlighted the popularity of PoS as a consensus mechanism that allows token holders to participate in transaction validation and network governance. With the CF Staking Reward Rate Series, prospective investors can now access reliable information about this space.
The Role of Indices in Financial Products
Chung emphasized the importance of indices in financial products across different asset classes. He believes that indices like the CF Staking Reward Rate will become essential infrastructure for new products and services, enabling investors to tap into the potential of PoS activities.
About the Author: MK Manoylov
MK Manoylov has been a reporter for The Block since 2020. With a focus on crypto news, including NFTs, metaverse, web3 gaming, funding, crime, hacks, and the crypto ecosystem, MK has written nearly 1,000 articles for the publication. They hold a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP) and have also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
Hot Take: CF Staking Reward Rate Series Drives Investor Access to Proof-of-Stake Opportunities
The registration of CF Staking Reward Rate Series with the European Union’s Benchmark Regulation marks a significant milestone in the world of proof-of-stake (PoS) cryptocurrencies. This comprehensive series provides valuable data on reward rates, opening up new opportunities for investors in the PoS space.
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