Step 1: Log into the Sei App and connect your wallet.
Step 2: Search for Chorus One validator.
Step 3: Click on ‘Stake’ and review transaction
Step 4: Approve transaction
Step 5: You have now successfully staked SEI with Chorus One
Sei is a Cosmos SDK based open-source Layer 1 blockchain that leverages a novel consensus mechanism to become one of fastest blockchain in existence. It is purpose-built to cater to the unique requirements of decentralized trading, DEXes, and DeFi applications. Unlike traditional exchanges, which rely on an automated market maker (AMM) system, Sei adopts an order book model exchange approach, providing enhanced security, privacy, and user control over funds. By optimizing every layer of its stack, Sei creates a trading-focused blockchain that facilitates efficient and reliable transactions.
The easiest way to stake $SEI is using the Sei app at https://app.sei.io/stake
Welcome to the Fireblocks Guide for OPUS Staking. This guide is designed to help you stake with OPUS from your Fireblocks custody. We’ll leverage Metamask Institutional(MMI) chrome extension to seamlessly stake with OPUS.
1. First, connect your Fireblocks account to Metamask Institutional(MMI) wallet extension. Please download and install the extension from here.
2. Then, connect the desired Fireblocks custody vault to MMI.
3. To do this, in the Fireblocks custody, you need to click on the “Web3 Access” menu on the left hand navigation.
a. You will find a “Metamask Institutional user?” popup at the bottom of the page. Please click on “Connect account” to proceed with MMI connection.
b. Next, please select the desired vault to connect to Fireblocks and click on "Connect".
c. Metamask Institutional Wallet will show the custodian account connection request. Your Fireblocks vault will be connected to MMI once confirmed.
d. You should see the vault balance in MMI wallet
Now, your Fireblocks custody is connected to Metamask Institutional wallet. We are one step away from staking. We need to whitelist the staking contract now.
4. Whitelist the Batch Contract address in Fireblocks. In the Fireblocks Left hand navigation, please click on Whitelisted addresses menu and select the contract address on the screen.
5. OPUS Staking contract address is: 0x9b8c989FF27e948F55B53Bb19B3cC1947852E394
a. Goerli Testnet contract address is: 0x5FaDfdb7eFffd3B4AA03f0F29d9200Cf5F191F31
6. Based on your organisation approval policy, you will need to approval from multiple signers.
Next step is to stake with OPUS through MMI & Fireblocks custody.
7. Click on Connect wallet button in OPUS UX. Please select Metamask wallet in the walletconnect window.
8. Select the amount of stake on the slider and click “Confirm & Stake”
9. Approve the transaction on MMI
10. Approve the transaction on Fireblocks
11. After the transaction is confirmed on Fireblocks, you will see the staking transaction confirmation screen on OPUS.
In an eagerly anticipated milestone, Sei Network has successfully launched its mainnet, and Chorus One is honored to be a part of this journey as one of the network's genesis validators. As we step into this new phase, we're excited to explore the novel attributes that set Sei apart—specifically, its approach to solving one of the most intricate challenges in the blockchain landscape: the exchange trilemma.
The exchange trilemma is a puzzle that has long perplexed the blockchain community. It represents a delicate equilibrium where decentralization, scalability, and capital efficiency often seem to be at odds with each other. Achieving progress in one dimension often comes at the expense of the others, creating a complex balance that many blockchain platforms grapple with—especially when it comes to exchange platforms.
Sei Network: A Solution to the Exchange Trilemma
The history of blockchain has been marked by attempts to reconcile these seemingly conflicting goals. Striving to optimize one aspect can inadvertently hinder the advancement of others. This intricate interplay of decentralization, scalability, and capital efficiency has posed a formidable challenge, particularly in the context of building platforms for digital asset exchange.
This is where Sei Network enters the scene as a transformative contender poised to tackle the complexities of the exchange trilemma head-on. Through a strategic blend of innovation and architectural ingenuity, Sei aims to harmonize these seemingly divergent objectives.
Sei Network introduces a series of pioneering innovations that collectively challenge the trilemma:
In essence, Sei Network defies the constraints of the exchange trilemma by offering a comprehensive solution that enhances decentralization, scalability, and capital efficiency. Its monolithic architecture, innovative consensus mechanism, and pioneering features underscore its commitment to shaping the future of Layer 1 blockchains.
In the months leading up to its mainnet launch, Sei Network achieved significant milestones. A noteworthy accomplishment was the launch pool initiation for the Sei Network on Binance, announced on August 1, 2023. This marked the prelude to the mainnet launch, solidifying Sei's presence in the blockchain ecosystem. Furthermore, the official listing of SEI, Sei Network's proprietary token, on Binance on August 15th added to the momentum.
Notably, Sei Labs secured $30 million in strategic funding across two influential investment rounds, supported by prominent backers including Jump, Distributed Global, Multicoin Capital, and more.
Sei Network's journey continues to unfold, marked by advancements and partnerships that reinforce its standing in the blockchain landscape. As a monolithic blockchain geared towards solving the exchange trilemma, Sei Network is carving its niche by defying traditional limitations and offering a promising future for decentralized trading.
Staking $SEI with Chorus One
SEI can be delegated to the Chorus One via the Sei App
Current Staking APR: 8.33%
For any other questions, reach out to staking@chorus.one
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.
Chorus One is proud to introduce our new research effort, fueled by a grant from dYdX, that examines the implications of Maximum Extractable Value (MEV) within the context of dYdX v4 from a validator's perspective. This comprehensive analysis presents the first-ever exploration of mitigating negative MEV externalities in a fully decentralized, validator-driven order book. Additionally, it delves into the uncharted territory of cross-domain arbitrage involving a fully decentralized in-validator order book and other venues.
This paper, marking a significant milestone in exploring MEV dynamics, identifies factors that influence undesirable MEV extraction, and proposes concrete strategies to level the playing field in derivative trading by counteracting such behavior.
dYdX v4 signifies a transformative phase in the evolution of the dYdX protocol. It embraces a fully decentralized derivatives exchange built on a central limit order book (CLOB). Unlike previous iterations, which combined smart contracts with centralized services, v4 employs a decentralized off-chain order book and a high-performance matching engine. This architecture, powered by the CometBFT consensus and Cosmos SDK, strives to achieve scalability alongside decentralization while allowing community-driven protocol development.
This transition signifies a substantial shift, as v4 introduces the industry's first truly decentralized perpetual futures exchange. Validators will manage the order books, with meticulous steps taken to ensure fair and trustless trading through effective negative MEV mitigation.
Set against the backdrop of this pivotal upgrade, our paper serves a crucial purpose by shedding light on the complexities of mitigating bad MEV on dYdX v4, thus equipping the community with the resources needed to navigate the upcoming transition. By providing comprehensive insights, our analysis aids in anticipating the impact of MEV on the new chain and trading experience, as well as the wider Cosmos ecosystem, ultimately fostering informed decision-making.
Our analysis uncovers pivotal insights that reverberate across the ecosystem:
Finally, our research extends beyond insights to practical solutions for mitigating validator-driven MEV risks. We propose that such MEV might manifest through partnerships between trading firms and market makers, favoring those with established advantages. We underscore the risks associated with harmful MEV, including asymmetric risk for delegators. Even in optimistic scenarios, potential revenue from partnerships may not fully offset these risks. To address this, we suggest a combination of measures including potential penalties and flexible unbonding periods for re-delegation to ethical actors, aiming to effectively manage validator-driven MEV risks.
At Chorus One, we leverage a sophisticated and ethical set of MEV strategies to optimize our validators' performance and continuously monitor progress. Backed by in-house experts and extensive research, we deploy various infrastructural solutions such as relay optimization, latency games, and investing in robust machines to improve our MEV performance. Learn more about Chorus One's winning MEV strategies by reading our recent blog.
For a comprehensive exploration of our research on MEV implications within dYdX v4, we invite you to read the full research paper here.
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.
