With EthereumMerge just around the corner, derivatives traders are finding that staking $ETH is more rewarding than ever. In fact, ether's price has surged recently in anticipation of the Merge.
through Voltz. At press time, most traders on those two pools were what's known as variable takers , meaning they're swapping a fixed interest rate for a variable rate, believing staking yields will double to 8%. About 82% of the just over $12 million in those pools, which went live July 1 and will expire at the end of December, are VT investments.
The emergence of the decentralized finance interest rate swap market may help accelerate market maturity by allowing borrowers and lenders to hedge risks and facilitate price discovery of interest rates. It's yet one more way cryptocurrencies are looking more like traditional financial markets. Voltz's swap market is analogous to the traditional interest rate market, where two counterparties agree to exchange one stream of future interest payments for another. A common TradFi strategy is exchanging a fixed interest rate for a floating rate, often traded against an industry benchmark interest rate, such as the London Interbank Offered Rate .
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