Ceffu Launches ETH 2.0 Liquid Staking Solution for Institutions

2023-03-08  •  2 min read

In partnership with the Binance ETH 2.0 staking program, institutions now have the ability to stake and unlock the liquidity of their ETH assets through Ceffu’s custody service. Clients of this service will receive a tokenized representation of their ETH called Beacon ETH (BETH) equivalent to the amount originally staked, as well as daily staking rewards distributed in BETH, which they can use as needed within the Binance ecosystem while their ETH continues to generate competitive yield. Through this partnership, BETH rewards are distributed directly back to our clients’ wallet on Ceffu.

“Setting up our liquid staking solution is a huge stepping stone towards developing Ceffu as a one-stop-shop digital asset service for institutions,” shares Athena Yu, VP of Ceffu. “We’re always looking for ways to help our clients do more with their assets. Partnering with Binance Earn gives our clients some of the most competitive returns in the market for ETH 2.0 staking, and adds another layer of opportunity to generate yield on their digital assets in addition to our existing native staking product.”

While traditionally, staked assets remain illiquid for the entirety of a protocol’s required lockup period, liquid staking unlocks the liquidity of those staked assets with a tokenized equivalent. In essence, liquid staking allows digital asset owners to add their ETH stake into a liquidity pool and receive a native token representing their share, pegged 1:1 to the amount originally staked. Ceffu clients also benefit from slashing protection coverage, thereby mitigating staking risks. 

To learn more about how you can make your ETH assets work better for you, please contact our institutional team.