CoinDesk: Staking ETH Is Becoming the Benchmark Yield Asset for the Decentralized Economy
TechFlow reports that on September 12, CoinDesk columnist and GlobalStake's Ryan Haczynski stated that as the cryptocurrency market develops a more mature capital infrastructure, staked ETH is emerging as a benchmark asset for measuring on-chain investment returns and risks, akin to US Treasury yields or SOFR in traditional finance.
Currently, CoinDesk’s CESR indicates an annualized ETH staking yield of approximately 2.75%. Haczynski notes that other on-chain yield products must deliver sufficient excess returns beyond this level to compensate investors for the additional risks incurred.
He pointed out that unlike stablecoins, whose yields are influenced by Federal Reserve policy, ETH staking rewards originate directly from network validator activity on Ethereum, and staked ETH has already become a widely adopted collateral asset in DeFi. As the crypto capital market matures, future on-chain investment products will likely increasingly use the ETH staking yield as a comparative benchmark.
