Luganodes Collaborates with Nonco to Provide Fixed-Rate Yield Solutions for Ethereum Staking

Lugano, September 9, 2024 – Luganodes, a leading staking provider, today announced a collaboration with Nonco, an institutional crypto trading firm, to provide fixed-rate yield solutions for Ethereum staking through the CESR™ (Composite Ether Staking Rate).

Staking is the backbone of Proof of Stake blockchains, generating value through its services. Ethereum, a trailblazer in the blockchain space, relies heavily on staking to power its growth. CESR™ brings valuable advancements to the staking ecosystem by allowing validators to offer a fixed rate to their clients, shielding them from APR fluctuations and performance drops.

Institutional clients of staking services often require a stable cash flow to meet their financial obligations. Despite validators' efforts to maintain high uptimes and top-notch performance, they are not immune to APR rate fluctuations, resulting in variable rates for clients. With the CESR Swap method, validators can provide their clients with a fixed rate every month, incentivizing clients and aligning validators with the CESR benchmark, ensuring stability and reliability.

A stable staking rate and a clear financial instrument like CESR can attract more users to staking, providing a consistent source of return on investment. This creates fertile ground for validators and the broader Ethereum ecosystem of investors and developers.

Luganodes has been a mainstay in the staking realm and continues to be the fastest-growing staking provider. The company emphasizes innovation and security, as evidenced by its certifications. Embracing CESR was a natural progression for Luganodes, making it one of the first validators to support this venture and recognizing the potential improvements it could bring to the industry.

For more information on Luganodes, visit Luganodes Website. To learn more about CESR, visit CESR Information.

About Nonco

Nonco is an institutional crypto trading firm with a unique approach. With ten years of experience in trading digital assets, Nonco employs a risk-mitigating, noncustodial approach that leverages clearing, bilateral, and smart contract settlement capabilities. Their expertise spans across stablecoins, legacy, and altcoin execution. Learn more at Nonco Website.

Contacts For media inquiries, please contact: Luganodes: [email protected] Nonco: Gabriela Belden, [email protected]

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About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.