We’re proud to announce our partnership with Fordefi, a leading MPC wallet platform and web3 gateway that enables institutions to seamlessly connect to dApps across networks, while securing their digital assets. This partnership facilitates Chorus One’s OPUS customers to stake and unstake multiple tokens using the Fordefi wallet inside OPUS.
The Fordefi wallet
Fordefi’s wallet is a secure solution designed to provide enhanced security and privacy for users' digital assets through MPC (Multi-Party Computation) technology. The MPC wallet employs a distributed key generation process, where each key share is created separately and is held by different parties. This ensures that no single entity has access to the complete private key, mitigating the risk of single points of failure or attacks.
Additionally, Fordefi's wallet provides users with enhanced security against various attack vectors, including private key theft, collusion attacks, and web attacks.
Going forward, Chorus One’s OPUS users will be able to stake and unstake across numerous chains using Fordefi’s wallet, thus leveraging its security features.
OPUS
OPUS is Chorus One’s universal staking solution that allows institutions to stake quickly across multiple chains and earn high rewards while having complete control over their assets. It is aimed at expediting institutions' staking activities, streamlining the staking process, and enabling them to enjoy the benefits of higher rewards, increased efficiency, reduced costs, and unparalleled flexibility.
Key Benefits of using OPUS
“Fordefi's cutting-edge DeFi-focused wallet empowers institutions to stake with unparalleled confidence, fortified by advanced layers of security. Together, we’re committed to making staking accessible for a broader audience.” - Felix Lutsch, Chief Commercial Officer, Chorus One
“Chorus One’s expertise in the industry offers a new level of staking excellence for our institutional customers. We’re thrilled to empower our users with seamless access to staking and unrivaled opportunities in DeFi. ” - Josh Schwartz, CEO and Cofounder, Fordefi
About Fordefi
Fordefi’s MPC wallet platform and web3 gateway enables institutions to seamlessly connect to dApps across networks, while keeping digital assets secure. Fordefi is the first institutional wallet and security platform purpose-built for DeFi. Fordefi was founded in 2021 by crypto custody and cybersecurity experts, and designed in close collaboration with crypto industry-leading trading firms, funds and custodians. Fordefi’s mission is to enable institutions to securely hold digital assets and safely transact in decentralized finance.
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.
We’re proud to announce our partnership with Ledger, the global security platform for digital assets and NFTs.
Ledger has extended its compatibility with the Cosmos ecosystem, and Chorus One will be supporting this integration by providing our validator services, allowing over a million Ledger Live users to leverage the bolstering Cosmos ecosystem. Going forth, Ledger Live users will be able to stake numerous Cosmos tokens, including Onomy (NOM), Quicksilver (QCK), Persistence (XPRT) and more through nodes operated by Chorus One.
This collaboration with Ledger Live aligns with our mission to provide seamless and secure staking services while empowering individuals with financial sovereignty.
“We are thrilled to partner with Chorus One, a trusted leader in the Cosmos ecosystem. Their deep expertise in the space makes them an invaluable partner for any entity looking to integrate staking operations into their product lines. With their extensive knowledge and experience in various Cosmos networks, we are confident in their ability to provide our users a secure and reliable staking solution. Through this collaboration, we are excited to empower our users with full control over their assets and the ability to seamlessly stake across multiple chains.” - Charles Guillemet, Chief Technology Officer, Ledger
Staking your Cosmos tokens through Ledger Live app offers you the opportunity to earn competitive staking rewards while keeping your assets secure via self-custody. By choosing to stake through Ledger, you can enjoy multiple benefits, including:
Chorus One and the Cosmos Ecosystem
Chorus One has been a major driving force behind the growth of the Cosmos ecosystem, having made substantial contributions to it. We are deeply committed to projects that we strongly believe in and have invested and acted as a steward for a variety of Cosmos networks, including Quicksilver, Onomy, Axelar, and many others. With our extensive experience and in-depth understanding of the unique requirements of each network, we have honed our expertise in the interchain.
Currently, our research team is working on a comprehensive report that delves into the implications of MEV on dYdX v4 and aims to provide clarity into how MEV is likely to impact trading flow and execution ahead of the migration, enabling validators to make more informed decisions. To learn more about the report, visit: https://www.dydxgrants.com/grantees/chorus-one
To underscore our unwavering commitment to the Cosmos ecosystem, we released a comprehensive governance report last year, which shed light on validator participation, voting trends, and controversial proposals within the interchain. You can find the report at https://chorus.one/reports-research/governance-in-cosmos.
Furthermore, our team is deeply involved in the Cosmos community. Brian Crain, our CEO, serves on the board of the InterChain Foundation, and our Chief Investment Officer, Xavier Meegan, actively participates in the ATOM Accelerator DAO.
"Bringing non-custodial staking on Cosmos networks to millions of Ledger users is a significant milestone for Chorus One and the Cosmos ecosystem, and we are excited to continue our mission of providing seamless and secure staking services that align with Ledger’s values of empowering individuals with financial sovereignty. We believe that this collaboration will enable many more individuals to leverage the benefits of the burgeoning Cosmos ecosystem, and look forward to working closely with Ledger to make this a reality." - Brian Fabian Crain, Chief Executive Officer, Chorus One
Watch our webinar with The Block!
Last week, we collaborated with The Block to present a webinar featuring our Chief Commercial Officer, Felix Lutsch, alongside Lila Garcia from Ledger Enterprise and Boaz Avital from Anchorage Digital. Together, they engaged in an insightful discussion on the future of staking, covering significant topics circumferencing institutional staking, including regulatory developments, risk management, and staking infrastructure.
To watch the recorded webinar, please follow this link: https://youtu.be/AoMR3UyM7Eg
Lido has been at the forefront of Ethereum staking, offering a secure and efficient platform for users to stake their ETH and earn rewards. With the Lido V2 mainnet upgrade, the protocol takes a major step forward, addressing key challenges and paving the way for a more robust and decentralized ecosystem.
We’ve distilled everything you need to know about the upgrade - and why it’s so significant in the ETH staking ecosystem.
Lido V2 brings two vital components to the Lido protocol: withdrawals and the staking router.
Benefits
Impact on Ethereum Staking
The Lido V2 upgrade positively impacts the Ethereum staking landscape:
Following the successful on-chain vote and the launch of Lido V2 on the Ethereum mainnet, the market responded with enthusiasm. Following the announcement, the Lido DAO token (LDO) experienced a 10% price rally , reflecting the market's recognition of the significance of the upgrade and its potential impact on Ethereum staking.
Lido’s V2 mainnet marks a significant milestone for the Lido protocol and Ethereum staking as a whole. With the introduction of in-protocol ETH withdrawals and the innovative staking router, it empowers users, promotes decentralization, and strengthens the overall Ethereum ecosystem. As institutional interest in staking continues to grow, Lido's advancements align perfectly with this trend.
For more insights on the exponential growth of institutional interest in staking and Ethereum, check out our recent blog: https://chorus.one/articles/beyond-shapella-a-look-at-the-growing-appeal-of-eth-staking
You can now stake ETH with a few simple clicks using OPUS, Chorus One’s bespoke staking solution. Choose the amount you’d like to stake, earn rewards, and retain full control over your nodes throughout the entire process. Read more about all the features OPUS offers here, and to get a free demo visit: https://chorus.one/institutional-staking
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. We are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.
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.
