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Networks
Autonity Goes Live: A Milestone for Decentralized Derivatives and Chorus One Ventures
We’re thrilled to congratulate Autonity on its mainnet launch!
August 12, 2025
1 min
5 min read

We’re thrilled to congratulate Autonity on its mainnet launch, a major step forward in the evolution of decentralized finance infrastructure. As one of the earliest institutional supporters of Autonity, Chorus One is proud to back this groundbreaking Layer 1 blockchain through both strategic investment and hands-on validator participation.

Autonity is not just another EVM-compatible chain. It’s the first Layer 1 purpose-built for decentralized derivatives clearing, introducing an entirely new design space for programmable risk transfer. Developed by Clearmatics, a pioneer in the application of blockchain to financial instruments, Autonity represents a bold vision: building infrastructure that expands the universe of tradable risk far beyond the narrow boundaries of crypto speculation.

A New Kind of Network Purpose-Built from the Ground Up

At its core, Autonity addresses a fundamental gap in today’s DeFi landscape: the lack of robust infrastructure for derivatives that can track real-world risks — from macroeconomic indicators like inflation to environmental metrics like global temperatures. Traditional finance fails to offer instruments for many of these exposures, while current DeFi platforms are mostly confined to crypto-native assets, plagued by liquidity fragmentation and inefficiencies.

Autonity’s solution is elegant and deeply considered. By decoupling trading venues from the clearing layer via its Autonomous Futures Protocol (AFP), Autonity creates a unified, permissionless clearinghouse for diverse risk markets. Its architecture allows forecast contracts — a new class of fully on-chain derivatives that follow public time series data — to be created, traded, and settled efficiently, opening doors for innovation in quant finance, machine learning, and institutional risk hedging.

Autonity features:

  • EVM compatibility with 1-second block times and Tendermint BFT consensus;
  • A delegated proof-of-stake system capped at 100 validators;
  • A dual-token design with:
    • ATN for on-chain derivatives collateral;
    • NTN for securing the network via staking;
    • LNTN, a liquid staking representation to maximize capital efficiency.
  • Robust oracle infrastructure, with native validator-powered price feeds;
  • Built-in accountability protocols to enhance data integrity and trust.

These primitives work together to provide a flexible, secure, and scalable foundation for derivative instruments that can hedge or speculate on almost anything — not just tokens, but real-world metrics.

Chorus One’s Role in the Journey

We’ve been closely involved with Autonity’s development from its earliest stages. As a strategic validator partner, Chorus One participated in over six testnets, helping to validate network performance, test slashing mechanisms, and refine the protocol’s consensus and oracle systems.

Autonity is also a Chorus One Ventures portfolio company. We believe that enabling programmable, decentralized markets for any measurable risk factor is not only the next step in the evolution of DeFi, but also a fundamental leap forward in how we structure global financial systems.

From concept to code to mainnet, the Autonity team has executed with precision, vision, and purpose. As investors and infrastructure partners, we at Chorus One are honored to have supported this journey, and we’re incredibly excited to see what comes next.

Networks
Cosmos Staking SDK is Accelerating Institutional Staking Integration
Enabling staking on Cosmos has never been easier for institutions.
August 7, 2025
3 min
5 min read

Enabling staking on Cosmos has never been easier for institutions. At Chorus One, we’re committed to making staking accessible, secure, and developer-friendly, whether you’re building a dApp, integrating staking into a wallet, or simply looking to support your favourite Cosmos protocol. Our lightweight yet secure SDK empowers you to enable staking across all supported Cosmos SDK-based protocols with less than 10 lines of code. It also underpins Chorus One’s staking dApps for ATOM, TIA, DYDX and more. 

Why Cosmos and the Cosmos SDK?

The Cosmos network is celebrated for its interoperability and modular architecture, powered by the Tendermint BFT consensus engine. This foundation allows independent blockchains to communicate and share data seamlessly, all while maintaining their autonomy. Staking is at the heart of Cosmos, securing the network and rewarding those who participate. Our SDK was built to empower Custodians, Exchanges and Wallet Providers to enable their users to access these benefits. 

Chorus One SDK: Staking Made Simple

Don’t let the term “SDK” intimidate you. The Chorus One SDK is designed to be intuitive and lightweight. With just a few lines of code, you can:

  • Build staking, unstaking, redelegation, and reward withdrawal transactions
  • Sign transactions using your preferred method (including Utila, Ledger, and more)
  • Broadcast transactions to the Cosmos network
  • Track transaction status in real time

We’ve successfully implemented Cosmos staking solutions for industry leaders like Ledger and Cactus, proving robust compatibility and reliability.

Seamless Integration: Under 10 Lines of Code

Here’s how easy it is to get started with staking on Cosmos using our SDK:

import { CosmosStaker } from '@chorus-one/cosmos'

const staker = new CosmosStaker({
  rpcUrl: 'http://public-celestia-mocha4-consensus.numia.xyz',
  lcdUrl: 'https://api.celestia-mocha.com',
  bechPrefix: 'celestia',
  denom: 'utia',
  denomMultiplier: '1000000',
  gas: 250000,
  gasPrice: '0.4'
})

Tip: The SDK is fully compatible with popular Cosmos libraries like `@cosmjs/cosmwasm`, making integration with existing projects seamless.

Validator Addresses Made Easy

The SDK provides a pre-populated list of Chorus One validator addresses for all supported Cosmos networks:

import { CHORUS_ONE_COSMOS_VALIDATORS } from '@chorus-one/cosmos'

const validatorAddress = CHORUS_ONE_COSMOS_VALIDATORS.COSMOS

Simplified Staking Operations 

The SDK simplifies staking on the Cosmos and other networks by offering easy-to-use methods to perform operations such as staking, unstaking, redelegating, and withdrawing rewards.  Here’s a simple example of how to build a staking transaction using the SDK:

const { tx } = await staker.buildStakeTx({
  delegatorAddress: 'celestia1x88j7vp2xnw3zec8ur3g4waxycyz7m0mahdv3p',
  validatorAddress: 'celestiavaloper15urq2dtp9qce4fyc85m6upwm9xul3049e02707',
  amount: '1' // 1 TIA
})

Our SDK delivers a comprehensive end-to-end experience, facilitating signing via leading wallets and supporting transaction broadcasting. It’s common for our clients to have these services in-house, reducing the need for duplication. For more information on our adaptable and straightforward signing enablement and broadcasting, please refer to our in-depth documentation.

Why Choose Chorus One SDK?

  • Lightweight: Get started in under 10 lines of code.
  • Secure: Supports industry-leading signing solutions.
  • Compatible: Works with the Cosmos SDK and popular libraries.
  • Proven: Successfully implemented in major wallets and dApps.
  • Scalable: Supports staking for all Cosmos SDK-based protocols.

Ready to enable staking?

With Chorus One, staking on Cosmos is as simple as it gets. Whether you’re building a new dApp, integrating staking into your product, or exploring Cosmos for the first time, our SDK has you covered.

Explore our technical documentation for a deeper dive and start staking today!

News
Thoughts on NEAR’s Inflation Reduction Proposal
Chorus one is voting “no” on the proposal to reduce NEAR inflation, here's why.
July 31, 2025
2 min
5 min read

Tl;dr

  • Chorus one is voting “no” on the proposal to reduce NEAR inflation
  • We view that the NEAR ecosystem is still nascent and discussions around inflation should resurface when the ecosystem generates more sustainable economic activity. 
  • We previously conducted similar analysis on SIMD228 and found no definitive conclusion on TVL elasticity towards inflation. For newer ecosystems, this argument should be much weaker as the network has not reached a point where there's sufficient organic economic activity. NEAR’s top 3 LSTs, for instance, only have a combined 1.1% penetration rate. 
  • NEAR’s top 10 validators control 33% of total stake, reducing inflation will make it harder for smaller validators to operate profitably. We’re aware of the Meta Pool support program and think it’s a great initiative. But it's likely not enough on its own to support smaller validators
  • Rather than primarily cutting inflation, we encourage fostering a vibrant ecosystem through liquid staking and incentivizing active chain usage to organically enhance token and network economic value without risking validator attrition.
  • Lastly, a 50% reduction is quite a drastic change - we suggest exploring gradual or smaller, incremental reductions with measurable goals (e.g. increase DeFi TVL by X), similar to Aptos’s recent implementation.

Proposal summary:

A recent proposal from HOTDAO and LiNEAR went live, it suggests cutting NEAR inflation in half. from 5% to 2.5%, which would reduce the annual staking rate to ~4.75% assuming the same staking ratio. 

Chorus One has been a validator on NEAR for ±2 years, and one of the most active in terms of governance in PoS networks. We wanted to share some thoughts and feedback around the proposal and its implications for various ecosystem participants. In summary, we acknowledge the motivation and some of the benefits behind reducing base staking rewards, but our view is that the NEAR ecosystem is still too nascent to implement such a drastic change without sufficient time for community discussion. We suggest alternative measures that work towards the same goal, and welcome open feedback from the community. 

The primary motivation behind, as stated in the proposal, is to move towards more sustainable economics, as well as incentivizing DeFi participation on NEAR. We previously conducted a similar analysis on SIMD228 and found no definitive conclusion on TVL elasticity towards inflation. For newer ecosystems, this argument should be much weaker as the network has not reached a point where there's sufficient organic economic activity. NEAR’s top 3 LSTs, for instance, only have a combined 1.1% penetration rate

Current Fee Generation and Ecosystem Maturity

Despite NEAR’s growth over the past years, the network’s fee generation remains modest relative to its inflation rate. The DeFi ecosystem, while promising, is still maturing and has yet to generate sufficient economic activity to offset a sharp reduction in staking rewards. This is in contrast to mature networks like Solana, which recently also had a proposal that failed to pass, discussing adjusting inflation to a variable rate based on staking participation, which lowers base inflation when staking rates are higher and vice versa. For context, the average monthly Real Economic Value (REV) on Ethereum in H2 2025 was approximately $69.53 million, and Solana averaged $181.8 million. In contrast, Near had around $1.6 million in fees generated, about 43× less than Ethereum and 114× less than Solana. Near’s annual staking reward rate would be lower than Solana’s despite having less economic activity and only marginally higher than Ethereum’s. We are concerned that this disparity could drive stakers to other ecosystems in search of higher rewards and economic activity, ultimately negatively impacting Near.

Impact on Small Validators and Decentralization

NEAR currently has 100 active validators proposing blocks, but the top 11 control 33% of the network’s stake. The proposed halving of staking rewards could disproportionately impact smaller validators leading to even more centralization, we’d like to see more initiative on how this would aim to be addressed before. It was mentioned that some modelling and calculations were done around this proposal, we’d love to see the numbers and analysis behind. 

Focus on Ecosystem Growth and Liquid Staking

Rather than primarily cutting inflation and focusing on the supply side, fostering a vibrant ecosystem through liquid staking and incentivizing active chain usage and the demand side may be more effective. As aforementioned, despite a high inflation rate, LSTs only have 1.1% penetration, which could imply a lack of productive use cases in the ecosystem. Encouraging more on-chain activity and DeFi innovation can organically enhance token value and network health without risking validator attrition.

News
Upcoming Changes to Tezos (XTZ) Delegation
As the Tezos protocol evolves, so do our services. In response to the recent Paris upgrade, we’re updating how we operate our Tezos validator (aka Baker).
July 23, 2025
2 min
5 min read

As the Tezos protocol evolves, so do our services. In response to the recent Paris upgrade, we’re updating how we operate our Tezos validator (aka Baker).

Staking vs Delegating: What's the Difference?

  • Delegating: You assign your XTZ to a validator (like us), and we participate in consensus on your behalf. Until now, rewards for delegators were distributed manually off-chain via payout scripts.
  • Staking: You stake your own XTZ directly to the validator and participate in consensus. Post-upgrade, rewards are distributed automatically by the Tezos protocol — no payout script required.

What’s Changing?

We will no longer support delegations to our Tezos validator.

  • Starting today, we’re giving you 20 days’ notice.
  • After this period, we will stop running our payout script for delegator rewards.
  • To continue earning rewards, we recommend staking your XTZ directly with our validator instead. We’ll be offering 0% commission for 3 months.

Key Information

  • 0% Commission for 3 months until the end of October 2025
  • Notice period begins: Today
  • Payouts end: August 12th, 2025

TL;DR

  • We're retiring delegation support for Tezos.
  • Delegator rewards will no longer be paid after the notice period.
  • Switch to staking your XTZ directly with our validator to keep earning rewards on-chain.

How to Stake Your XTZ with Chorus One

  1. Use a compatible wallet (e.g. Temple, Kukai).
  2. Un-delegate if you’re currently delegating to any of Chorus One Bakers:
    Chorus One: tz1eEnQhbwf6trb8Q8mPb2RaPkNk2rN7BKi8 (
    Explorer)
    Chorus One 2: tz1Scdr2HsZiQjc7bHMeBbmDRXYVvdhjJbBh (
    Explorer)
  1. Stake XTZ directly to our main Baker for optimum APY:
    Chorus One: tz1eEnQhbwf6trb8Q8mPb2RaPkNk2rN7BKi8 (Explorer)
  1. Confirm that your wallet shows you're staking, not delegating.


For additional information on Delegating versus Staking your XTZ, visit Tezos Docs.

Need help? Contact staking@chorus.one.

Thanks for your continued trust, — The Chorus One Team

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