CoinDesk Indices in partnership with Coin Fund has created the Composite ETH Staking Fee (CESR), a benchmark for traders to carry managers, exchanges, and repair suppliers accountable for his or her returns. Indices are the cornerstone of a strong derivatives market and institutional participation. There was a dearth {of professional} index merchandise for institutional traders. DeFi has mature indices, by way of merchandise like staked ETH, however TradFi traders that need personal fund publicity need to deal with deviations from NAV, excessive charges, no staking and sloppy compliance.