Data SourceOtherPrice ConstructionThink we can probably just query the staking yield rate via beacon chain itself or we could just use Rated.network + stEth APR+Eigen(more degen tho, and i think it might be easier manipulated?) should probably do a rolling average to smoothen out the epoch to epoch noiseVolume StrategyOh i didn't know this would be part of the application. i was legit thinking it would just be like pump.fun.
anyways i think the narrative for such a perp would be that its interest rates swaps on chain.
Hedgers, Eth stakers could short the staking yield perp to lock in their current rate, essentially creating a fixed -rate position out of a variable -rate one.
Speculators, catalyst that could move staking rates would be network activity, spiking rates up.
if a major restaking protocol launches/expands, more eth gets staked, diluting rewards. Any whale unstaking event temporarily boosts yields for remaining stakers.
Arbers, if other rate markets have a different implied ETH staking rates , it will attract arbitrageurs, generating consistent volume even in quite markets. Distribution ChannelNo