Since We Last Spoke…
Last year, we introduced OPUS, a staking dashboard and API designed to expedite institutional staking activities. We are proud to announce that OPUS is now live and running! In this article, we delve into what OPUS is, why we built it, and how it benefits our customers.
Diving Deeper
Over the past five years, we have developed extensive expertise in staking through conducting in-depth research on numerous emerging and existing PoS networks, as well as working closely with institutions interested in introducing staking services into their product lines.
Through our experience, we noticed a significant gap in the ecosystem - the absence of a simple, ready-to-use interface that streamlines the staking process and enables institutions to enjoy the benefits of higher rewards, increased efficiency, reduced costs, and unparalleled flexibility. That's why we built OPUS, a hassle-free API that allows users to stake digital assets across multiple chains on a single platform and earn the highest possible rewards while retaining complete control over their funds. Institutions can choose to stake their own assets using OPUS or provide staking services to their customers, creating a new opportunity for revenue generation.
OPUS’ Features
Institutions' needs can vary widely, and setting up staking operations often requires specific technical capabilities. After months of research, we developed OPUS to offer a range of customizable features that cater to all.
Highest Rewards and Tracking
Staking is one of the easiest and least risky ways to earn rewards on your cryptoassets. However, tracking rewards across multiple networks can be a cumbersome process.
To combat this, OPUS features an intuitive, user-friendly interface that enables users to track real-time rewards data for multiple assets on a single dashboard. Additionally, OPUS offers the highest staking rewards, which include network emissions, transaction fees, and MEV (maximal extractable value).
With just a few clicks, users can earn rewards and download detailed reports on their staking rewards at any time, while retaining unparalleled transparency and control over their assets.
Exclusive Research and Network Expertise
As a leading staking provider, we recognize that every network has its specific staking needs. Therefore, we offer customized solutions to simplify the process for our clients. We closely collaborate with networks during their early stages, providing expert advice on tokenomics, staking, and best practices. This collaboration helps our clients achieve faster time-to-market, infinite scalability, and enables staking on multiple networks with minimal setup time.
We also provide institutional customers a dedicated account manager who provides updates and support to ensure a seamless staking experience. Additionally, we offer free access to ALPHA, our on-demand research and consulting service, to all our customers.
“Partnering with us means gaining access to a team of seasoned industry professionals who are dedicated to helping you navigate the ever-evolving landscape of staking.” - Felix Lutsch, Chief Commercial Officer, Chorus One
Guaranteed Exit Strategy
We understand that risk management is a top priority for our clients, and that they must have faith in us as a staking provider to prevent penalties that could result in severe consequences. We take this responsibility seriously and have implemented several industry-leading measures to safeguard our customers in the unlikely event of a slashing occurrence. In fact, we’re proud to say that Chorus One has never been subject to a slashing penalty in our history.
To protect customers from downtime/slashing risks, we have implemented various measures, including:
Proactive Key Management Solutions
We use Hashicorp Vault, a secure and dependable storage solution, to encrypt all keys both during transit and at rest. Access to the keys is carefully regulated through meticulously configured Vault Policies, guaranteeing that only authorized validator pods and organizations can access them. Moreover, our Signer strictly adheres to security protocols to ensure that private keys are only accessible during the load process.
Higher Flexibility
We prioritize decentralization and strive to create efficient products that benefit everyone in the long run. Our culture is built on collaboration, innovation, and excellence, which means that we work closely with clients and partners to deliver transformative staking solutions that drive success in the Web3 space. We value user feedback and will continuously improve OPUS to better meet the staking needs of our clients.
Governance
At Chorus One, we take governance seriously. As one of the most active validators on Cosmos and other networks, we prioritize network integrity through on-chain participation. To provide utmost transparency, we will showcase our governance proposals on the OPUS dashboard for all our customers to see.
Getting Started with OPUS
Getting started with staking ETH through OPUS is extremely easy and usually consists of the following steps:
Our customer support (staking@chorus.one) team will be available to guide you throughout the entire process, which should not exceed 2 days.
Here's an informative walkthrough of OPUS in action:
OPUS is a highly customizable solution, allowing users to tailor their staking strategies to their specific needs and preferences. Whether you're a seasoned investor looking to optimize your staking rewards, or a new entrant to the space looking to get started, OPUS has all the tools and resources you need to successfully participate in staking and earn the highest rewards.
“We’re thrilled to launch OPUS - the universal API that’s pioneering the staking experience across multiple chains. With OPUS, our customers enjoy seamless integration and simplified staking processes, saving valuable time to market. Moreover, our technology brings well-structured rewards data right to your fingertips, enabling every user to maximise their earning potential” - Meher Roy, Co-Founder and Chief Technology Officer, Chorus One
To learn more about OPUS or book a demo, contact staking@chorus.one
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ 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. We are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.
