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Guides
News
Babylon Cap 3 is Live: Stake Your Bitcoin (BTC) with Chorus One
A step-by-step guide to staking your BTC to Babylon with Chorus One
December 10, 2024
5 min read
TL;DR:
  • Phase-1 cap 3 will go live at around 11:00 UTC on 10 Dec 2024 and will be a time-duration based cap (roughly 1 week).
  • The max deposit limit per transaction for cap 3 will be 5000 BTC.
  • Staking during Phase-1 involves locking your BTC to Babylon's self-custodial staking script.
  • Track your BTC staking position via the Staking Terminal
  • How to stake BTC in a nutshell:
    - Step 1: Go to the Bitcoin Stake App and connect your wallet, supported wallets include OKX Wallet, UniSat, Leather, Phantom, Magic Eden, Fordefi & OneKey.
    - Step 2: Enter the staking details, including the amount of BTC, provider, and transaction fee.
    - Step 3: Finalize the staking process by clicking “Stake” and confirm the transaction in your wallet.

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The wait is over! Babylon BTC staking goes live today, December 10, at BTC block 874,088 (around 11:00 UTC). With this new cap, Bitcoin holders can now stake their BTC seamlessly and earn rewards while contributing to the evolution of the Bitcoin ecosystem.

Cap 3 introduces new limits and features that make this staking opportunity both exciting and accessible:

  • 🌟 Start Block: 874,088
  • Duration: 1,000 BTC blocks (~1 week)
  • 🔒 Minimum Stake Per Transaction: 0.005 BTC
  • 🔓 Maximum Stake Per Transaction: 5,000 BTC
  • 🏆 Rewards:
    • First 300 BTC blocks: 100,000 points per block
    • Remaining 700 BTC blocks: 21,000 points per block

Chorus One is proud to support Babylon as a trusted and experienced Finality Provider, ensuring a smooth and reliable staking experience for the Bitcoin community.

How to Stake BTC with Babylon via Chorus One

Ready to stake? Follow this step-by-step guide to get started:

Step 1: Prepare Your Wallet

Make sure your Bitcoin wallet is ready before staking goes live. Staking Rewards supported wallets include:

Browser Wallets:

  • OKX Wallet
  • UniSat
  • Leather
  • Phantom
  • Magic Eden
  • Fordefi (select UniSat in the wallet selector)

Hardware Wallets:

  • OneKey
  • Keystone

👉 Note: When setting up your wallet, follow these guidelines:

  1. Avoid using hardware wallets like Ledger unless Keystone QR code support is enabled.
  2. Do not use wallets holding Bitcoin Inscriptions.
  3. Use Native SegWit or Taproot address formats.

Step 2: Stake Your Bitcoin

1. Go to the Staking Interface:
Visit the Chorus One BTC Staking Dashboard.

2. Connect Your Wallet:
Select your wallet and sign the signature request to connect.

3. Enter Your Staking Amount:
Input the amount of BTC to stake (between 0.005 BTC and 5,000 BTC per transaction).

4. Set Transaction Fees:
Choose your preferred transaction fee. To increase your chances of staking before the cap fills, prioritize your transaction with a higher fee.

5. Confirm the Transaction:
Click “Stake” and confirm the transaction in your wallet.

6. Track Your Position:
Monitor your staked BTC via the Staking Terminal.

How to Unstake Your BTC

Unstaking is straightforward:

1. Submit an Unbonding Transaction: The unbonding period is 1,008 BTC blocks (~7 days).

2. Withdraw Your BTC: Once the unbonding period is complete, withdraw your BTC via the Staking Terminal.

Why Stake BTC with Babylon and Chorus One?

Cap 3 Highlights:
Cap 3 represents a significant step forward for the Bitcoin community, enabling BTC holders to participate in staking while earning competitive rewards. It’s an innovative approach that combines the stability of Bitcoin with modern staking solutions.

Chorus One’s Expertise:
As a leading institutional staking provider, Chorus One has been at the forefront of blockchain innovation since 2018. With over $3 billion in assets secured across 60+ Proof-of-Stake networks, our enterprise-grade infrastructure and track record ensure a seamless staking experience.

Don’t Miss Out!

Prepare your wallet today and join the staking revolution. For detailed instructions, check out the updated staking guide: How to Stake Bitcoin with Babylon.

Stake now with Chorus One: Stake BTC with Babylon.

Let’s shape the future of Bitcoin staking together.

About Chorus One

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.

News
Chorus One Joins Northstake's ETH Validator Marketplace As Node Operator
The partnership will strengthen institutional confidence in Northstake's solution with secure, scalable, and compliant infrastructure
December 9, 2024
5 min read

We’re thrilled to announce our partnership with Northstake, joining their ETH Validator Marketplace as a trusted node operator. This collaboration represents a significant step forward in delivering secure, scalable, and compliant staking infrastructure for institutional clients.

The partnership brings together Northstake’s innovative staking model and Chorus One’s industry-leading validator infrastructure. Northstake’s ETH Validator Marketplace enables asset managers to trade ETH validator positions with top-tier market makers, including GSR, Nonco, DV Chain, and Keyrock. This approach provides a new layer of liquidity and flexibility for institutional staking—a key milestone for the $2.9 trillion staking market.

As a partner, we will power the marketplace with robust, reliable, and secure node infrastructure, enhancing the confidence of institutions in staking operations. Our expertise in Ethereum validator operations ensures reduced risk, including protection against slashing penalties, while providing clients with cutting-edge technology to support staking at scale.

Setting a New Standard for Institutional Staking

Institutional staking requires more than just infrastructure—it demands compliance, reliability, and security. Together with Northstake, we are creating a foundation for regulated financial institutions to stake digital assets confidently, with the assurance of industry-best practices and safeguards.

Jesper Johansen, CEO & Founder of Northstake, shared his vision for the partnership:

“At Northstake, we are transforming how regulated financial institutions stake digital assets in a secure and compliant way. Partnering with Chorus One aligns perfectly with our goal of being the foundation for financial institutions as they incorporate staking into their products.”

Brian Fabian Crain, our CEO & Co-Founder, highlighted:

“Northstake’s ETH Validator Marketplace emerges as the leading staking solution for financial regulated institutions, who need access to liquidity and value regulatory compliance. We are excited to bring our expertise to this partnership, ensuring staking operations that meet the highest industry standards.”

With a proven track record of securing over $3.2 billion in staked assets across 60+ leading blockchain networks, Chorus One is proud to bring its expertise to support Northstake’s mission. We’re excited to embark on this transformative partnership journey! Learn more about Northstake: https://www.northstake.dk.

About Chorus One

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.

Guides
Stake Your Tez With Chorus One
A step-by-step guide to switching form delegating to staking, and staking your Tez with Chorus One
December 6, 2024
5 min read

Since the Paris upgrade, staking has been introduced on Tezos. Staking and delegating are different activities. After the Quebec proposal goes live in January, the delegation rewards will drop to 33% of the staking rewards. In other words, in 2025, you can earn 3x more return on your Tez if you stake vs. delegate.

Below is a brief overview of the differences between staking and delegating.

Source: Tezos, How to Stake

We have prepared a short guide to help you switch from delegating to staking. The guide is based on the Kukai wallet, but you can use the wallet of your choice.

Getting started

  1. Start delegating.

If you haven't delegated to a Chorus One baker yet, click on “Delegating & Staking” in the right corner of the wallet interface. Look for Chorus One on the bakers’ list. You can use the search button in your browser to find it.

  1. Click on the Delegate button and confirm the delegation.
  1. You can start staking once you have confirmed delegation (or already delegated before). Scroll to the top of the page and click the Stake button or go to stake.tezos.com
  1. Connect Wallet on the staking page.
  1. Chorus One should already be selected as your baker. If it’s not, you can select us here.
  1. Select the amount to be staked.
  1. And confirm.
  1. Now, you are staked and can enjoy increased staking rewards!

About Chorus One

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.

Guides
Networks
How to stake Namada with Chorus One
A step-by-step guide for staking Namada with Chorus One
December 3, 2024
5 min read
Key Details

Chorus One Validator: tnam1qxsx2ezu89gx252kwwluqp7hadyp285tkczhaqg0or search for Chorus One on the Namada Staking page.

Recommended Wallet: Namada Keychain (Chrome or Firefox only)

Block Explorer: https://namada.info/

Unstaking Period: 14 days

About Namada

Namada (NAM) is a proof of stake (PoS) layer-1 blockchain from the Anoma foundation designed to prioritize privacy in multi-asset transactions using zero-knowledge proof technology and focusing on interchain asset-agnostic data protection.

Built on the Tendermint consensus engine, it uses a mechanism called Zcash Sapling Protocol to enable shielded transfers, allowing users to transact privately while supporting interoperability with other blockchains.

Namada stands out for its native multi-asset support, meaning any asset from connected chains or created within Namada can benefit from its privacy features without needing custom contracts.

The platform also introduces an innovative feature called Privacy as a Public Good. It rewards users for using private transactions by allocating a portion of transaction fees and staking rewards to fund privacy-centric initiatives.

Namada aims to enhance privacy across the blockchain ecosystem, offering a solution that seamlessly integrates privacy with usability, making it accessible for both developers and end-users.

How to stake NAM

1. Install the Namada Keychain browser extension

To begin, you will need to Namada Keychain, which can be downloaded here:

Please note that currently the Namada Keychain is only supported on Chrome and Firefox.

If you already have the Namada Keychain installed, skip ahead to: How to stake

Example of the Namada Keychain webpage.

Next, set up your wallet by either creating a new wallet via a 12 or 24-word phrase from the Namada Keychain, or connect via Ledger which will require having already installed the Namada app from Ledger Live.

If you are creating a new wallet from the Namada Keychain directly, please be sure to store your 12 or 24-word phrase securely.

You will be prompted to enter some random words from your seed phrase to ensure you wrote it down correctly. Next, you will be prompted to set a password for your Namada Keychain.

Your seed phrase cannot be recovered if lost. Please be sure to write this down somewhere secure and never share it with anyone.

Anyone with access to your seed phrase will have access to your funds.

  • It is not advisable to store this digitally or as a screenshot.

2. How to stake

Next, navigate to https://interface.namada.tududes.com/ to view the overview interface for Namada.

  • You can either click on the blue 'Stake' button in the bottom-center of the screen or click on the Staking tab on the left hand panel of the screen.  

Example of the Namada overview interface.

You can search for Chorus One in the search bar or enter the Chorus One validator address to find the correct validator from the Staking interface.

  • tnam1qxsx2ezu89gx252kwwluqp7hadyp285tkczhaqg0

Simply click on 'Stake' and you will be brought to the staking page.

Example of the Namada staking interface.

You may need to search for Chorus One again to find it from the list of available validators.

Example of staking 50 NAM to Chorus One.

Simply enter how much NAM you wish to stake with Chorus One and then complete the transaction in your Namada Keychain and sign the transaction.

You will be prompted to enter the password you set for your Namada Keychain wallet to finalize the transaction.

Once you have approved the transaction, you have successfully staked your NAM!

3. Increasing and managing your NAM stake

If you'd like to increase or manage your NAM stake, you can do so from the Namada Overview page or the Namada Staking page.

Enter the amount of NAM you would like to increase your stake by.

Follow the same steps as before to approve and finalize your staking transaction.

4. Unstaking your NAM

If you wish to unstake your NAM, this can be done from the Namada Staking page which will provide an overview of your staked balances and which validators you have delegated to.

Below is an example of how it may look for you.

  • You will see the options to Stake, Redelegate, or Unstake.

Example of the Namada Staking interface.

To unstake, simply click on the 'Unstake' button and follow the prompts to approve and finalize the transaction, similar to the steps taken to stake your NAM originally.

When unstaking your NAM, please note that it will take 14 days to complete during which time your staked balance will not be earning staking rewards.

After this period has passed, your NAM will become liquid again and you can transact with it.

A Note to Institutional Investors

If you are an institutional investor looking to stake Namada (NAM) with Chorus One, please reach out to us via our staking request form.

About Chorus One

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.

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