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Index Coop Introduces Index for Diversified Liquid Ethereum Staking
The product includes Lido's etETH, Rocket Pool's rETH and StakeWise's sETH2
Decentralized autonomous organization Index Coop has released an index that offers users diversified liquid-staking assets on the Ethereum network.
The Diversified Stakes ETH Index (dsETH) is designed to make it easier for users to distribute their stake across a range of platforms to earn an aggregated return and mitigate the risk of volatility, Index announced Tuesday.
Story continues
At inception, the product includes Lido's etETH, Rocket Pool's rETH and StakeWise's sETH2.
Interest in liquid-staking protocols such as these has been on the rise so far this year ahead of Ethereum's Shanghai upgrade, which is set to take place in March. The upgrade will allow ETH stakers to withdraw their tokens, which are locked on the network, thereby attracting more users looking to stake their assets.
The aim of dsETH is to provide users with a way of earning yield on the most prominent staking services without being completely exposed to one particular protocol.
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
