CME Group launches new DeFi Reference Rates for Aave, Curve and Synthetix

CME Group and CF Benchmarks introduced new DeFi reference rate and real-time indices. They are not tradeable, but transparent pricing will allow users to label crypto-specific portfolios correctly and create structured products.
Together with Uniswap, these three new benchmarks will capture more than 40% from the total value of DeFi protocols on Ethereum blockchain.
Giovanni Vicioso is the CME Group Global Head for Cryptocurrency Products. The CME CF Reference Rates (and Real-Time Indices) are based upon strong methodologies that are subjected to frequent expert review. They are designed to address the growing need for transparent and regulated pricing. 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.Join us to keep track of news: coincu.comThanaCoinCu NewsTags: AAVECF BenchmarksCME GroupCurveDeFiSynthetix