We are excited to announce our partnership as Mainnet Alpha operators with Obol Network!
In April of this year, the Obol Network achieved a significant milestone with the launch of its Alpha phase, which witnessed the deployment of the first Mainnet Distributed Validators (DV) by the staking community. The foundation for this initiative was laid by the core team in December 2022 when they deployed the very first Mainnet DV. Since then, more than 45 organizations have joined in, running Distributed Validators on the Ethereum Mainnet in either solo or multi-org clusters.
In a nutshell, Obol Network is an ecosystem designed for trust-minimized staking, enabling anyone to create, test, operate, and coordinate distributed validators, with a primary focus on Ethereum staking solutions.
Presently, there is no way to operate validators in a high-availability environment without introducing the risk of slashing. Each validator operates as a single entity with its private key, and the high barriers to entry for running validators can naturally lead to stake centralization within the ecosystem.
This is where Obol steps in.
The Obol Labs takes the lead in addressing these challenges, particularly working to address stake centralization by improving the scalability and resiliency of Ethereum consensus. Obol has developed Distributed Validator Technology (DVT) to enable multiple nodes to function collectively as a single validator on Ethereum. Through Obol’s distributed validator client, ‘Charon’, multiple nodes work together by combining their partial signatures into a full signature for the distributed validator and coming to consensus.
DVT ensures fault tolerance as long as a specific threshold of active nodes is met (e.g., 3 out of 4, 5 out of 7, 7 out of 10, etc.). This approach enhances security, offers near-perfect performance, and eliminates the vulnerability of a single point of failure in validator nodes by distributing responsibilities across multiple nodes. Additionally, each node within a DV cluster can be run by different individuals or groups, thereby improving byzantine fault tolerance. As a result, DVs strengthen resilience while reducing security risks. In addition, this approach also reduces the risk of stake centralization by lowering entry barriers, enabling a broader participation in running validators effectively.
As we approach the full Ethereum mainnet deployment of Obol, Chorus One, alongside other players, have launched an Obol DV on Mainnet in their Alpha Phase. We are also continuing to test DVs on the Görli testnet to ensure support for varying node counts and the expansion of clusters to accommodate a growing number of validators. Within this comprehensive evaluation, we are closely examining crucial metrics such as the efficiency of validator duties, occurrences of missed duties, and inclusion distances, among other vital aspects, including the potential impact of MEV-boost on these configurations.
Our shared dedication to gathering this essential data is geared towards empowering stakeholders to confidently deploy distributed validators on the Ethereum mainnet. Furthermore, through our collaborative efforts, we aim to cultivate a deeper appreciation for the significance of DVT within the broader ecosystem. Together, we are committed to spearheading the adoption of decentralized staking, propelling Ethereum staking to new heights and ensuring it's more efficient, secure, and scalable than ever before.
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.
When it comes to staking ETH, a recurring challenge arises - the requirement to sign multiple transitions for substantial deposits. This complexity has been especially a persistent hurdle in the path of institutional stakers. To combat this, we’ve devised a solution that streamlines institutional staking: the ability to seamlessly stake 8000ETH , or 250 validators in a SINGLE transaction.
The conventional process of staking entails a series of transactions, which becomes increasingly cumbersome as the amount of stake grows. Institutions have long sought a more straightforward method for engaging in staking without the complexity of multiple signatures. Enter our new feature, which enables institutions and investors to stake up to 8000 ETH in a single, seamless transaction. This approach transforms staking on OPUS, Chorus One's multi-chain staking solution that caters to both institutions and individual investors, into a simple one-click process, streamlining the experience and reducing staking limits.
In the upcoming months, we aim to further enhance this capability, allowing customers to stake more in a single transaction than what the industry typically offers.
In addition to this streamlined process, complemented by OPUS's user-friendly staking interface, staking through Chorus One's OPUS offers a range of distinct advantages:
Staking ETH on OPUS is made easy through two methods:
Here's a brief demo to guide you through the process of staking with OPUS:
To learn more, or get started with staking with Chorus One, reach out to us at staking@chorus.one.
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.
We are excited to announce a significant milestone in our collaboration with BitGo, a prominent regulated custody, financial services, and core infrastructure provider. BitGo has partnered with Chorus One to expand staking for a diverse range of networks, including Sui, Sei, Injective, Osmosis, and Agoric. This collaboration underscores our longstanding relationship, spanning over a year, and solidifies our position as a preferred staking provider for institutions seeking security, compliance, and cutting-edge research.
BitGo's decision to collaborate with Chorus One as their staking provider is rooted in several key factors that set us apart:
Security, Compliance, and Regulatory Expertise
Swiss Heritage: Switzerland’s robust regulatory framework for digital assets makes it a prime choice for industry players. Chorus One's Swiss origins reflect our commitment to rigorous standards and regulatory compliance—a critical factor for BitGo.
Comprehensive Compliance Checks: BitGo places paramount importance on regulatory compliance, and we meticulously meet all necessary requirements. Our rigorous compliance checks ensure that our staking operations consistently adhere to the highest standards, instilling unwavering confidence in institutions that choose us as their staking provider.
Top-Notch Security: BitGo values security above all else, and Chorus One boasts an impeccable track record in safeguarding staked assets, ensuring the safety of BitGo's assets.
Network Expertise and Streamlined Onboarding
Effortless Onboarding: BitGo sought a provider with extensive knowledge of a wide array of networks, along with the capability to swiftly enter validator sets. Our concise onboarding framework allows BitGo to stake tokens across multiple networks seamlessly, quickly, and efficiently.
Cosmos Network Proficiency: BitGo's interest in Cosmos networks aligns with Chorus One's long-standing involvement and expertise in this ecosystem. Our extensive knowledge positions us as a go-to provider for BitGo in their Cosmos-related endeavors.
Research Excellence
Chorus One Research, our in-house research arm, is highly regarded in the industry for its in-depth analysis of crypto and staking trends. This research is deeply valued by institutional partners like BitGo. Through this collaboration, BitGo gains access to our comprehensive research resources, enhancing their knowledge base.
"Chorus One's extensive expertise in emerging and leading networks has streamlined staking and onboarding for us.. Their stringent regulatory and compliance standards, as well as their notable performance and track record also give us peace of mind for a long-term collaboration." -Thomas Chen, Managing Director, BitGo
"We hold security, compliance, and regulation in the highest regard, and prioritize partnering with organizations that share these values. As a trusted leader and one of the few qualified custodians in the industry, we take pride in partnering with BitGo. We eagerly anticipate the opportunity to deliver the highest caliber staking and custody services to our mutual customers." - Brian Fabian Crain, CEO, Chorus One
Chorus One's collaboration with BitGo reaffirms our commitment to serving the institutional market with unwavering dedication to security, compliance, research excellence, and exceptional customer support. We look forward to this collaboration as we continue to provide the highest level of service to institutions looking to expand their staking activities.
To begin staking with Chorus One or learn more about our offerings, please contact us at 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.
As we approach September, the eminent crypto conference of Asia, Token2049, is set to take place in sunny Singapore!
With pioneers from various crypto and blockchain domains converging on the Red Dot nation, the week promises Token2049's flagship conference on September 13th and 14th, surrounded by an array of side events (including two of our own!). The Chorus One team is brimming with excitement as we gear up to attend.
Join us at Booth M90, where a number of our team members, including Xavier Meegan, Yannick Socolov, Michael Moser, Umberto Natale, Luis Nuñez Clavijo, Hariharan Iyer, Alex Bentley, Rishi Sidhu, Chakravarthi Muppalla, and Keerthi Narendra, will be waiting to connect.
Apart from engaging in conversations about the latest in staking, make sure to swing by our booth for an assortment of fresh swag and the chance to win intriguing mystery gifts!
Kick-start your morning with us!
To participate in our breakfast side event, kindly register here.
Chorus One x Alkimiya Networking
As the vibrant introductions wind down after two days, join us at our co-hosted evening side event with Alkimiya. Register here to attend.
Lastly, what's a conference without a Chorus One twist? Following the much-loved appearance of Lefty the Alpaca at EthCC, we're conjuring yet another surprise for Token2049. Hint: Keep your eyes peeled, or you might just miss it. 🪄Lefty the Alpaca at EthCC, we're conjuring yet another surprise for Token2049. Hint: Keep your eyes peeled, or you might just miss it. 🪄
If you're attending and wish to arrange a meeting with our team, please reach out to us at info@chorus.one, and we'll get in touch. See you there!
