Staked Ether Is Creating a Benchmark for the Crypto Economy, Says ARK Invest

According to a new report from investment management firm ARK Invest, Ethereum's monetary policy has turned staked ether into a unique type of asset - one that resembles sovereign bonds.

The ETH staking yield is a gauge for smart contract activity and economic cycles in the digital asset space, much like the fed funds rate in traditional finance, according to Lorenzo Valente.

The fact that staked ether produces a yield makes the asset comparable to sovereign bonds, which are debt securities issued by governments to finance themselves.

Some of the distinctions are positive. For example, while governments can default on their debt obligations, Ethereum cannot default on staked ether.

Read at Coindesk