CoinDesk: CESR Benchmark and Insurance Support Pledge Products Promote the Institutionalization of Pledged ETH Odaily Planet Daily News: Jordan Knecht, a columnist for CoinDesk, stated that some traditional financial institutions believe that staking carries risks such as confiscation, downtime, operational failures, and unpredictable returns, so they only hold spot ETH or avoid related assets. Jordan Knecht mentioned that a new generation of insurance backed staking products is being benchmarked against Composite Ether Staking Rate (CESR) and underwritten by regulated insurance institutions, making staking ETH closer to institutional revenue products rather than crypto experiments. It is disclosed that CESR is a daily standardized benchmark interest rate developed by CoinDesk Indices and CoinFund to measure the average annualized return of ETH validators pledging; Chainproof collaborates with IMA Financial Group to provide insurance policies that supplement the returns of validators when they are lower than CESR, and provide compensation in the event of confiscation. These arrangements are also used to support collateral, rebalancing, and structured strategy design based on staking ETH.