To fully achieve the promise of this innovation, a standardized benchmark can be produced by capturing and publishing the daily, annualized mean of on-chain rewards across all validators. It would be difficult to manipulate because of the inherent transparency, replicability and immutability of the blockchain – in contrast, say, to the infamously manipulated LIBOR benchmark that powered traditional finance (TradFi) credit markets for years.
Source: https://www.coindesk.com/markets/2023/05/17/ethereum-staking-needs-its-honest-libor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines