Orbit Markets Now Offers Staking Yield Swaps
OrBit Markets, the leading institutional liquidity provider in digital asset options and structured products, now offers Staking Yield Swaps to its users.
Orbit Markets now offers Staking Yield Swaps, allowing stakers to convert their variable staking rewards into a guaranteed fixed rate. The product was created in response to a request from Ribbon Finance, a pioneer in decentralized structured product innovation.
Staking has become increasingly popular as a simple way to earn passive yields on digital assets as the Ethereum blockchain transitions from Proof-of-Work to Proof-of-Stake, but those yields vary continuously depending on network usage and other factors, making it difficult for users to predict returns. While interest rate swaps are widely used in traditional finance, equivalent products in digital assets have yet to become commonplace.
OrBit, leveraging its strong derivatives expertise. Now offers a new customized solution that allows stakeholders to convert these variable rewards into a fixed rate if they prefer certainty over the yield. OrBit has already completed a number of transactions involving the Ethereum staking yield earned in Lido. The most widely used liquid staking protocol, and is expanding its capabilities to other chains and protocols.
Commenting on the benefit of the product, Julian Koh, founder and CEO at Ribbon Finance,said “Ribbon strives to offer its users sustainable yield through decentralized finance products. With its ability to offer staking yield swaps, OrBit has delivered for us a critical building block for our new R-Earn stETH strategy. We look forward to continuing to partner with OrBit to develop more innovative products.”
About OrBit Markets
OrBit Markets is an institutional liquidity provider of options and structured products in digital assets. Founded by a team of former executives in trading and computer science, and backed by Matrixport and Brevan Howard Digital. OrBit brings its expert know-how in options to the crypto derivatives market. Headquartered in Singapore, OrBit serves institutions across CeFi, DeFi and TradFi looking for more sophisticated investing and hedging solutions in digital assets.
About Ribbon Finance
Ribbon Finance is a suite of DeFi protocols that help users access crypto structured products. By combining derivatives, lending and a proprietary on-chain options exchange (Aevo). Ribbon aims to be the one-stop solution for users who want to improve a portfolio’s risk-return profile.