Blog

MEV MAX - Introducing Chorus One’s Liquid Staking Pool on Stakewise V3

Chorus One
Chorus One
November 28, 2023
5 min read
November 28, 2023
5 min read

We’re proud to launch our liquid staking pool on Stakewise v3, enabling individuals to stake any amount of ETH and benefit from Chorus One’s enterprise-grade staking infrastructure and industry-leading MEV yields!  Additionally, staking on Chorus One’s pool enables users to un-stake at any time, or utilize their staked ETH capital throughout DeFi. You can start staking with on Chorus One’s pool here .

We're also introducing exclusive Private Vaults tailored for our institutional clients and investors who desire a dedicated liquid staking solution. These personalized Vaults come with individual agreements, ensuring user assets remain distinct and aren't mixed with other Vaults.

Additionally, in the upcoming months, we plan to deepen our collaboration by seamlessly integrating our public Vault into our Staking Dashboard. This integration will make it incredibly easy for OPUS customers to access liquid staking and mint osETH, enabling them to participate in the DeFi space effortlessly. Stay tuned for more updates!

Below, we dive into some of the key details about Stakewise and how you can start staking ETH on Chorus One’s Vaults.

What is stakewise v3?

Stakewise v3 represents the latest version of the Stakewise protocol, announced by the Stakewise DAO in 2022.

V3 was conceived to tackle the issue of stake centralization, a significant challenge impacting the security and well-being of Ethereum. Setting up Ethereum validators has traditionally been complex for node operators, with factors like the 32ETH minimum requirement, technical and hardware demands, and the risk of financial penalties for validator mistakes. Consequently, there has been a decline in solo stakers engaging in individual ETH staking. Many have opted to outsource validator operations to commercial node operators, who possess the expertise, hardware, and security measures required to establish validator nodes for individuals and organizations with 32 ETH.

Stakewise v3 tackles this challenge by elevating its existing liquid staking solution, introducing mini staking pools referred to as "Vaults." These Vaults empower individuals, node operators, or organizations to effortlessly launch their own nodes, mint staked ETH (osETH) tokens against those nodes, accept delegations, or delegate any amount of ETH across multiple nodes to mitigate network concentration.

Importantly, each Vault or mini Pool is entirely agnostic to the configurations set up by its operator. This means that the operator can fully customize its vault according to its own design, allowing users to select a vault based on features that best suit the depositor. Whatever client solutions, KYC features, MEV relays the entity wishes to run are under their control, resulting in a diverse marketplace of staking solutions for users to explore and choose from.

Moreover, users can establish private pools, allowing deposits only from addresses whitelisted by the Vault Operator. This ring-fences the Vault, ensuring that staked assets are not co-mingled with funds from other Vaults.

We've covered everything you need to know about how Stakewise v3 works and its use cases for solo stakers, institutions, DeFi users, and commercial node operators in this guide. Check it out!

Why stake on Chorus One’s Pool?

For investors

  • Enterprise-grade Staking for ALL

Previously, staking ETH was restricted to investors and institutions with a minimum of 32 ETH. They could delegate validator maintenance responsibilities to an experienced node operator like Chorus One, known for its enterprise-grade staking infrastructure.

By staking on Chorus One’s Pool on Stakewise v3, anyone with any amount of ETH can now access the same infrastructure and benefits as our institutional customers. This opens doors for a significantly larger number of individuals to safely and seamlessly stake and unstake their ETH without any minimum requirements.

  • Highest MEV Yields

Chorus One has garnered widespread recognition for our dedication to research and the implementation of strategies aimed at enhancing our MEV performance. We consistently optimize our infrastructure to maximize MEV rewards.

The following graph illustrates our performance over a 60-day period. Over this time period, Chorus One nodes have captured close to 14% more MEV rewards per validator (ETH) when compared to the weighted industry average, observed on Lido.

*Please note that this is a snapshot, and that MEV rewards fluctuate as a function of variance and market conditions. Please visit Rated Network to view the latest figures.

To learn more about the work we’ve done in in spearheading MEV research in the industry, please visit our dedicated MEV page.

  • Exceptional Security Measures

We are one of the very few node operators to hold the ISO 27001:2022 certification, representing the industry standard for implementing top-tier security practices. Safeguarding customer assets and data is our utmost priority, ensuring users that their funds are in experienced hands.

  • Extensive Network Expertise

Our in-house team of researchers and experts consistently scrutinizes the crypto ecosystem and the Ethereum network with a keen eye. We regularly publish reports and analyses addressing current industry issues, providing fresh insights based on our expertise. We are dedicated to ongoing improvement, constantly exploring opportunities to enhance our performance and deepen our understanding of the network in ambition to improve the overall experience and rewards for our customers.

For institutions

  • Launch bespoke Vaults tailored for your requirements

Our institutional clients have the option to establish their own secure vault, operated exclusively by Chorus One. This choice allows them to implement additional measures to safeguard their funds, ensuring that staked assets remain isolated from other vaults. Opting for Chorus One as the operator of their private vaults provides institutions with the assurance that their assets are in capable hands, coupled with the added benefits of our infrastructure, including the highest MEV yields, enhanced security, and streamlined operational processes.

What’s next?

In the upcoming months, OPUS customers can seamlessly stake on our liquid staking pool and earn staked ETH (osETH) directly from our Staking Dashboard. This empowers users to effortlessly access the liquid staking ecosystem with just a few clicks on our platform, allowing you to conveniently track your rewards in one place! Stay tuned for more details – coming soon! 😉

To stake ETH on Chorus One’s Vault, visit here.

If you're interested in launching a private Vault operated by Chorus One, please reach out to us at staking@chorus.one.

To delve deeper into Stakewise v3, check out our explainer guide here. For a step-by-step guide on how you can start staking on Chorus One’s Vault MEV-Max, please refer to this article.

About Chorus One

Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 45+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.

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