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Gungun Bhatia
Dec 8, 2022
by Gungun Bhatia

Bitmex Now Allows users to Bet on Ethereum's Daily Staking Payouts

Bitmex Staking Payouts

Table of contents

  1. Bitmex Launches ETH Staking Payouts
  2. ETHYLD - Beneficial on Both Sides of Deal
Bitmex, a cryptocurrency derivatives marketplace, now offers traders the opportunity to wager on the daily value of Staking Payouts on the Ethereum blockchain.

Bitmex Launches ETH Staking Payouts

In a blog post, it was announced that the exchange had launched a derivative termed the ETH staking yield swap (ETHYLD). It enables traders to go long or short on the daily staking payout released by Lido Finance's liquid staking mechanism. The maximum leverage available to traders is 2x.

The quantity of tokens given to validators in return for maintaining the blockchain is known as the Ethereum staking yield. Lido Finance is a liquid staking system that delivers easy accessibility to this liquidity through its derivative token.

ETHYLD - Beneficial on Both Sides of Deal

According to Bitmex, the derivative may be advantageous on both sides of the deal. It advised establishing a receiving position to short the asset in order to seal in future payouts for those operating validators. Those anticipating high fees may opt to invest in the asset long or take a payer position.

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Bitmex Now Allows users to Bet on Ethereum's Daily Staking Payouts
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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