CME Group Launches New DeFi Reference Rates For Aave, Curve And Synthetix

On December 19, CME Group and CF Benchmarks officially introduced new DeFi reference rates and real-time indices for Aave, Curve, and Synthetix.

The reference rates and real-time indices are not tradeable items, but transparent pricing for the three DeFi tokens will allow users to properly label crypto-specific portfolios and construct structured products.

These three new benchmarks, together with Uniswap launched earlier this year, will capture more than 40% of the total value locked in DeFi protocols on the Ethereum blockchain.

said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products

CME CF Reference Rates and Real-Time Indices are based on strong methodologies that are subject to frequent expert review and are intended to address the rising need for transparent, regulated, and round-the-clock pricing.

Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital are among the crypto exchanges and trading platforms that will offer pricing data for the new benchmarks. The reference rates will be calculated and released once every day, whereas the data for the real-time indexes will be published once per second.

Previously, Coincu reported that CME Group, the world’s largest derivatives exchange, plans to introduce three new cryptocurrency reference rates for the native tokens of the Avalanche, Tezos, and Filecoin blockchains in October.

CME Group Global Head of Bitcoin Products Giovanni Vicioso stated that the CME CF Reference Rates and real-time indexes thereof would capture more than 92% of the investable cryptocurrency market capitalization.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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