San Mateo, California-based FalconX said Thursday that it has executed the first forward rate agreement pegged to the Ethereum pledge yield, introducing a new class of interest-rate-based derivatives to the digital asset market.
The contracts reference the Treehouse Ethereum Staking Rate (TESR), a daily benchmark published by infrastructure provider Treehouse, which is part of the Treehouse "Decentralized Offered Rates" framework and is designed to create crypto-native versions of instruments similar to widely used benchmarks such as Libor or secured overnight funding rates.
Its launch comes amid a surge in demand for staking, with the number of validators entering the queue recently reaching its highest level in two years as billions of dollars flow into ETFs and corporate vaults.
FalconX Launches First Ethereum Staked Yield Forward Rate Protocol
2025-09-25 03:53:27
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