Crypto derivatives exchange Bitmex is now letting traders bet on the daily value of staking rewards on the Ethereum blockchain.

The exchange has introduced a derivative called the ETH staking yield swap (ETHYLD), according to a blog post. It lets traders go long or short on the daily staking yield emitted by the liquid staking protocol Lido Finance. Traders can take positions with up to 2x leverage.

(By Tim Copeland)