Friday, May 9, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Cardano Staking ETP Launched by Swiss Firm

March 15, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


On Thursday, March 14, Liqwid Finance, a Switzerland-based protocol, in collaboration with Issuance.Swiss AG, has formally launched a monetary product named CASL, an Change Traded Product (ETP) that harnesses the expansion and staking rewards of the ADA token from the Cardano blockchain. Listed on the SIX Swiss Change, CASL uniquely blends the steadiness of conventional finance with the novel returns of decentralized finance (DeFi).

Cardano Staking ETP Launches In Switzerland

The product is designed to not solely monitor the efficiency of the ADA token, but additionally to seize the returns generated from staking ADA. This strategy supplies traders with a two-fold benefit: publicity to the value appreciation of ADA and extra staking rewards, thereby enhancing the general return on funding.

Florian Volery, Co-founder of Liqwid Finance, defined, “CASL presents all the benefits of conventional and decentralized finance. It’s a low-cost, liquid, institutional-quality product that bridges the hole between conventional finance and the burgeoning world of digital belongings.”

Volery confused the revolutionary side of CASL, aiming to supply traders not simply publicity to ADA’s market efficiency but additionally to the rewards from staking the token. This positions CASL as a pioneering product within the monetary market, pushing past the normal confines of crypto funding merchandise which usually solely supply publicity to asset value actions.

CASL will supply a aggressive administration price of 1.5%, decrease than many competing merchandise in Europe, providing a less expensive choice for traders. Moreover, the ETP boasts a managed threat profile, being absolutely backed by bodily held ADA tokens in safe, offline storage, thus mitigating the chance of on-line threats. The staking of the ETP is carried out by Liqwid on the Cardano community.

Bruce Jackson, Head of Digital Belongings at Apex Group, remarked on the importance of CASL for the broader finance ecosystem: “CASL simplifies funding in cryptocurrencies whereas selling the decentralization of finance.” He highlighted the democratizing potential of blockchain expertise, providing monetary participation alternatives to thousands and thousands at present exterior the normal banking system.

Johnny Sachs, a contributor to Liqwid, the primary non-custodial pooled lending protocol on Cardano, acknowledged by way of X yesterday, “Thrilling Information Alert! I’m thrilled to announce a groundbreaking growth from the Swiss SIX alternate! In the present day, I had the distinction of ringing the bell to formally launch the itemizing of the Cardano Staking ETP by Liqwid (Ticker: CASL).”

🚀 Thrilling Information Alert! 🚀I am thrilled to announce a groundbreaking growth from the Swiss SIX alternate! In the present day, I had the distinction of ringing the bell to formally launch the itemizing of the Cardano Staking ETP by Liqwid (Ticker: CASL). pic.twitter.com/TXORdYbcAR

— Johnny Sachs (@sachs_johnny) March 14, 2024

The CASL ETP is famous for its prompt liquidity characteristic, permitting traders to entry their funds with none lock-in intervals, a stark distinction to typical on-chain staking preparations. This side, mixed with the involvement of Swiss entities all through the product’s worth chain, underscores the safety and reliability of the funding.

Priced at $25 at launch, the ETP can be obtainable in CHF and EUR, offering direct publicity to ADA with a valuation primarily based on the present market value.

At press time, ADA traded at $0.70, down 13.3% within the final 24 hours.

Bull flag for ADA targets 0.382 Fib, 1-week chart | Supply: ADAUSD on TradingView.com

Featured picture from Shutterstock, chart from TradingView.com





Source link

Tags: CardanoETPFirmLaunchedstakingSwiss
Previous Post

Runestone Airdrop Begins, Sparks Trading Frenzy on Magic Eden

Next Post

Binance Labs Has Become Independent of Crypto Exchange Binance

Related Posts

Trump Trade News Ignites Bitcoin Mania—$100K Coming?
Bitcoin

Trump Trade News Ignites Bitcoin Mania—$100K Coming?

May 8, 2025
Celsius Boss Falls: Alex Mashinsky Sentenced to 12 Years for $7B Fraud
Bitcoin

Celsius Boss Falls: Alex Mashinsky Sentenced to 12 Years for $7B Fraud

May 8, 2025
“US Market Central To Growth Strategy,” Says Singapore’s Crypto.com, Sets Shop In Washington DC
Bitcoin

“US Market Central To Growth Strategy,” Says Singapore’s Crypto.com, Sets Shop In Washington DC

May 8, 2025
Zerebro’s Co-Founder Allegedly Fakes Death
Bitcoin

Zerebro’s Co-Founder Allegedly Fakes Death

May 8, 2025
Bitcoin Eyes $100K As Trump Teases “Major Trade Deal”
Bitcoin

Bitcoin Eyes $100K As Trump Teases “Major Trade Deal”

May 8, 2025
Binance’s BNB Could Hit $2,775 By 2028: Standard Chartered
Bitcoin

Binance’s BNB Could Hit $2,775 By 2028: Standard Chartered

May 8, 2025
Next Post
Binance Labs Has Become Independent of Crypto Exchange Binance

Binance Labs Has Become Independent of Crypto Exchange Binance

Hong Kong Regulator SFC Warns that Crypto Exchange MEXC Has Been Operating Without a License

Hong Kong Regulator SFC Warns that Crypto Exchange MEXC Has Been Operating Without a License

MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform

MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In