The first half of 2023 has been marked by a flurry of captivating events in the crypto sphere, and we have only just begun to scratch the surface of what lies ahead for the remainder of the year. Rest assured, as The Spotlight curates the finest selection of staking news each month.
But that's not all. In May, we were highly productive, engaging in exciting projects and concocting a wealth of crypto knowledge. This newsletter serves as your exclusive invitation to delve into the plethora of developments we pursued last month, ensuring you remain well-informed and up-to-date. Moreover, as believers in a global crypto community, we're always on the move. So, find out where our team will be in June below!
1. Ledger by Chorus One: Securely stake your tokens via the Ledger Live App
With Ledger’s extended compatibility with the Cosmos ecosystem, over 1.5 million Ledger Live users can now stake numerous tokens including Onomy, Quicksilver, Persistence, and more through nodes operated by Chorus One. Read all about it here.
2. Lido upgrades to V2 mainnet
After a successful governance vote, liquid staking protocol Lido upgraded to its second version, enabling users to unstake their stETH and receive ETH at a 1:1 ratio. We’ve captured everything you need to know about why this is significant here.
3. The number of staked ETH hit its all time high since Shapella
The amount of staked ETH continued to grow since the advent of Shapella upgrade, having surged by a mighty 4.4M since withdrawals were enabled. We’ve explained why this trend is likely to continue here.
4. $700m staked ETH shifts away from centralised exchanges
Regulatory concerns and the allure of higher rewards prompt investors to flock to decentralised liquid staking protocols, leaving traditional exchanges in the dust. Read all about it here.
OPUS
We’re proud to announce that our multi-chain staking solution, OPUS, is now live and running! OPUS allows our customers to stake with utmost ease, and earn maximum rewards while having complete control over their nodes. OPUS also comes with a range of features that optimise the staking experience for our customers. Read all about it here.
Ledger by Chorus One
We’re delighted to be partnering with Ledger Live to support their extended compatibility with the bolstering Cosmos ecosystem. This partnership permits a larger number of crypto investors to stake Cosmos tokens on the Ledger Live App through nodes operated by Chorus One. More on this here.
Recently, our Chief Commercial Officer, Felix Lustch, was joined by Ledger’s Global Head of Client Success Lila Garcia and Anchorage Digital’s Head of Product, Boaz Avital to explore future trends in the staking frontier. They had an insightful discussion, covering topics including the latest advancements in staking infrastructure, regulatory movements, and risk management in crypto. If you missed it, feel free to watch the recording here.
Stake SUI with Chorus One
SUI Network is the latest network to join the ranks of networks supported by Chorus One. After three testnet waves, Sui launched their Mainnet this month, and we're proud to support the growth of the network as one of the genesis validators. Our blog delves into the unique characteristics of the Sui network and explains how you can start staking SUI with Chorus One. Read it here.
Gelato x Chorus One
Chorus One has partnered with Gelato Network as one of the genesis node operators for GEL staking! We participated in a number of discussions exploring this partnership and the future of GEL staking, which you can hear here.
Fordefi x Chorus One
We’re proud to announce our partnership with Fordefi, a leading MPC wallet platform and web3 gateway, facilitating Chorus One’s customers to stake and unstake multiple tokens using the Fordefi wallet inside OPUS. Full details here.
1. Quarterly Insights
Our research team produces an in-depth analysis of the industry's biggest trends every quarter. We published the first edition of 2023’s quarterly insights, which covers:
Read the full report here.
2. Beyond Shapella
Ever since the Shapella upgrade, the influx of institutional interest in ETH staking has been remarkable. Our blog delves into the reasons behind this trend and why we expect this trajectory to continue. Read it here.
3. A guide to Lido V2
Lido upgraded to its V2 Mainnet - making stETH withdrawals possible for its users, and paving way for a more decentralised future to the Ethereum network. We covered everything you need to know about this upgrade, and why it’s so significant. Read it here.
4. Key takeaways - the evolution of Shared Security
Shared Security is a method aimed at enhancing the safety of a blockchain by leveraging resources from other blockchains. Several PoS networks adopt shared security as a strategy to fortify their blockchain's security while introducing new use cases. Our article provides a clear overview of how shared security has evolved and offers concise explanations of its implementation across various PoS networks. Read it here.
June 1-2 | Crypto Valley Conference | Rotkreuz, CH
The Chorus One team will be attending the Crypto Valley Conference on June 1-2, in Rotkreuz, CH. If you’re attending, look out for one of our team members including Meher Roy, Tomas Matta, Rakesh Bhagloe, Neal Roche, or Michael Moser to discuss what we’re currently working on, or to address any questions you may have about staking.
Also, if you’re attending, don’t miss out on the tax roundtable that Rakesh Bhagloe from our Finance team will be participating in alongside industry professionals from KPMG, MME, and Safe to discuss how VAT is treated in DLT transactions.
To register, visit: cryptovalleyconference.com
June 3-5 | Gateway Conference 2023 | Prague, CR
Join our Partnership Manager, Yannick Socolov, as he shares his insights on the secrets of building thriving and enduring Web3 communities at 3.30pm on June 5th.
To register, visit: https://gateway.events
About 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.
