Last Updated on October 12, 2023 by Bitfinsider
According to a statement from the company, CoinList is introducing a fund that will enable authorized investors in the United States to profit from a product that generates income by staking digital assets.
The staking of Near and Ethereum is originally supported by CoinList’s new financial product. The business will soon add support for a number of other chains, including Flow, Sui, and Mina. The fund appears to provide investors with a different way to earn passive income from staking without really owning the digital assets.
According to CoinList, “each digital asset will be pooled with comparable assets and staked in accordance with the protocol’s requirements, and investors’ rewards will be issued in the native token in which they initially purchased fund interests or in accordance with the protocol’s rules.”
Since the Merge and Shanghai improvements, Ethereum staking in particular has experienced tremendous increase. But it has also resulted in a decrease in stake yield.
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