<a href="https://www.cryptoknowmics.com/news/bitmex-to-commence-trading-of-its-bmex-token-on-friday">Bitmex</a>, a cryptocurrency derivatives marketplace, now <a href="https://blog.bitmex.com/now-live-eth-staking-yield-swap/" target="_blank" rel="nofollow noopener">offers</a> traders the opportunity to wager on the daily value of Staking Payouts on the <a href="https://www.cryptoknowmics.com/news/starkware-launches-starknet-crypto-token-on-ethereum-blockchain">Ethereum blockchain</a>.

https://twitter.com/BitMEX/status/1600705020965834752
<h2>Bitmex Launches ETH Staking Payouts</h2>
In a blog post, it was announced that the exchange had launched a derivative termed the ETH staking yield swap (ETHYLD). It enables traders to go long or short on the daily staking payout released by <a href="https://www.cryptoknowmics.com/news/lido-finance-introduces-ethereum-layer-2-staking-and-ldo-incentives">Lido Finance's</a> liquid staking mechanism. The maximum leverage available to traders is 2x.

The quantity of tokens given to validators in return for maintaining the <a href="https://www.cryptoknowmics.com/news/tether-releases-offshore-chinese-yuan-cnht-on-tron-blockchain">blockchain</a> is known as the Ethereum staking yield. Lido Finance is a liquid staking system that delivers easy accessibility to this liquidity through its derivative token.
<h2>ETHYLD - Beneficial on Both Sides of Deal</h2>
According to Bitmex, the derivative may be advantageous on both sides of the deal. It advised establishing a receiving position to short the asset in order to seal in future payouts for those operating validators. Those anticipating high fees may opt to invest in the asset long or take a payer position.

Bitmex Now Allows users to Bet on Ethereum's Daily Staking Payouts

Bitmex, a cryptocurrency derivatives marketplace, now offers traders opportunity to wager on the daily value of Staking Payouts on the Ethereum blockchain.

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Bitmex Now Allows users to Bet on Ethereum's Daily Staking Payouts

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