The product will be the first Forward Rate Agreement trade referencing Treehouse Ethereum staking yields.
FalconX announced the launch of the first Forward Rate Agreement (FRA) trade which will reference Treehouse Ethereum staking yields. The contracts mark a significant milestone in bringing rate-based financial instruments to digital assets and are benchmarked to the Treehouse Ethereum Striking Rate (TESR). TESR Forwards enable market participants to hedge, speculate or gain structured exposure to Ethereum staking yields against TESR, a decentralised, consensus-driven benchmark built specifically