Index Coop has launched a new structured product that will give investors exposure to the top liquid staking derivative (LSD) tokens on the market.
Called the Diversified Staked ETH Index (dsETH), the product offers exposure to Lido Finance’s stETH, Rocketpool’s rETH, and Stakewise’s sETH2 tokens.
These tokens are yield-bearing assets for investors that have staked their ETH holdings and can be used elsewhere to earn additional yield in DeFi.
They are especially popular because they let investors stake less than the required 32 ETH needed to participate if they were to stake directly to Ethereum.
The idea behind getting all three versions of what is essentially the same thing comes down to balancing risk and ensuring a consistent yield.
The index is expected to generate as much as $4,000 a month in revenue from February via the 0.25% streaming fee.
