Jun 29 2023
Hashnote, the first regulated institutional-grade investment management platform for DeFi registered with the U.S. Commodities Futures Trading Commission (CFTC), announced today the launch of its integration with the Liquid Collective protocol. This integration will enable Hashnote to offer enterprise-grade liquid staking via the Liquid Collective protocol and Hashnote's yield strategies to accredited investors and institutions, providing a way to participate in the $17B opportunity of financial products built on top of liquid staking tokens through a regulated platform.
In addition to integrating with Liquid Collective, Hashnote will launch one of the first professional-grade structured products built with a liquid staking token (LST), leveraging technology developed by Liquid Collective. Hashnote's independent LsETH Covered Call Vault will allow Hashnote's accredited customers to attain yield by selling short duration covered call options. This represents the burgeoning maturity of the “LSTFi” ecosystem and an important new use case for LSTs—the “regulated stack” of composable LST building blocks coming together in ways that are useful to institutions.
Liquid Collective introduces an important cornerstone for institutional adoption of cryptocurrencies and blockchain-driven network rewards through their enterprise-grade liquid staking protocol. We at Hashnote are delighted to utilize the Liquid Collective protocol to help facilitate adoption of this new technology in a safe, easy, and regulatory compliant vehicle.
— Leo Mizuhara, CEO Hashnote
Liquid Staked ETH (LsETH), the receipt token programmatically generated when users stake ETH through the Liquid Collective protocol, is just one component of this new liquidity stack that aims to enable secure, performant, and regulated operations. LsETH offers auto-restaking network rewards, where network rewards are automatically and programmatically restaked for users holding LsETH. Additionally, Liquid Collective's LsETH comes with built-in slashing coverage, including Nexus Mutual coverage, which is designed to mitigate the risk of Node Operator failures and network outages.
Hashnote, the first regulated institutional-grade investment management platform for DeFi. Hashnote combines the familiarity and regulatory compliance of existing traditional finance fund infrastructure with onchain transparency and security while simplifying the complexities of DeFi ensuring secure, verified transactions with every counterparty. The platform offers full regulatory and KYC/AML compliance for a range of investments including yield generation, downside protection, and leveraged upside products.
About Liquid Collective
Liquid Collective is the secure liquid staking standard: a protocol designed to meet the needs of institutions, built and run by a collective of leading web3 teams. Liquid Collective is governed in a decentralized manner by a broad and dispersed community of industry participants.
Hashnote leverages technology developed by Liquid Collective to provide its LsETH Covered Call Vault. However, Hashnote's LsETH Covered Call Vault is a third-party product that is not offered by or in partnership or affiliation with Liquid Collective. Products and services offered by Hashnote and other third parties are subject to separate terms and conditions Please visit https://www.hashnote.com/ for more information.