Nonco and Bastion Trading completed the first Ethereum staking rate swap using CESR. The transaction is designed to help participants manage the risks and transaction costs of Ethereum staking returns and lock in a fixed rate of return. CESR is the benchmark interest rate for Ethereum staking rewards, providing participants in the Ethereum ecosystem with a standardized staking benchmark rate and settlement rate for derivative contracts, and was launched in collaboration between CoinFund and CoinDesk Indices.