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FalconX has successfully completed the first Ethereum staking rate swap using CESR, marking a significant milestone in the integration of traditional financial mechanisms with cryptocurrency assets. This event, highlighted by various industry leaders and entities including CoinDesk Indices, multicoincap, parataxis_cap, and coinfund_io, introduces the concept of fixed vs floating CESR™ staking rate swaps, aiming to bring next-generation fixed income products to global financial markets. The swap signifies the crypto industry's move towards adopting critical financial market primitives, such as interest-rate swaps, into the crypto space. This innovation is poised to open up the $500 trillion interest rate swap market to cryptocurrency assets, indicating a substantial step forward in the maturity and complexity of crypto financial derivatives.
A defining moment for the industry: @FalconX completes the first fixed-floating swap on the Ethereum staking rate using CESR, brings the $500 trillion interest rate swap market to the crypto asset class Congratulations to @multicoincap and @parataxis_cap, among the first to…
From The Centrifuge Credit Group: A new Asset Primer on US Investment Grade Corporate Bonds: one of the largest and most liquid asset classes in the world. Read on to learn the intricacies of this $5.9 trillion market — and to envision how it'll be revolutionized onchain! https://t.co/nDU0YS600A
Interest-rate swaps are one of the most important primitives in financial markets. The crypto native version of this is staking-rate swaps. We just did our first staking-rate swap trade and we think this is going to be an important derivatives market as crypto matures.
