$TREE Huge positive news, yet surprisingly little discussion in the Chinese market. First, the facts: On September 25, Treehouse, in collaboration with FalconX, launched the first Ethereum staking rate forward contract (TESR FRA). Now, let's break it down step by step 👇 1/ Who is FalconX? In a few sentences, here’s a summary of FalconX: First, it is an institutional crypto trading platform valued at $8 billion, with a total funding of $430 million. Second, it is backed by top institutions such as the Singapore Sovereign Wealth Fund, B Capital, and Tiger Global. Additionally, FalconX is a CFTC-registered swap dealer, possessing compliance qualifications at the level of traditional finance, and they have the capability to bring crypto derivatives to the mainstream institutional market. 2/ Why is this so important? After the Ethereum merge, staking yields have become the network's "native interest rate." However, the problem is that this rate will fluctuate. For institutions...
🌳 A Major Milestone in DOR Adoption
@FalconXGlobal has executed the first tradable Ethereum Staking Rate Forwards (FRAs) referencing TESR, the benchmark staking rate published by Treehouse.
Institutional participants include Edge Capital, Monarq, Mirana & more.
Read on. 🧵👇
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