We are excited to announce that we have onboarded Gnosis Chain as validators. Gnosis is one of the first Ethereum sidechains in existence and has kept close to its values from inception. Gnosis Chain is EVM-based and secured by over 100k validators around the world. It hosts a very diverse validator set and it is propped up by the community governance of GnosisDAO to ensure it remains credibly neutral at a much lower price point than Ethereum mainnet. It powers an ecosystem of DApps including POAP (Proof of Attendance Protocol, the original NFT protocol), Dark Forest (a fully decentralized strategy game, built with zkSNARK technology), Giveth (public goods, peer-to-peer direct funding platform), and much more.
Gnosis has a long history of working alongside Ethereum, although Gnosis Chain is technically a new blockchain. It first specialized in prediction markets, decentralized exchanges, and wallet solutions, and joined expertise with xDAI Chain in 2021 to provide fast and inexpensive transactions. This newer chain has some great features including a block time of 5 seconds (making it ideal for everyday payments), a native stablecoin, a low-fee system (gas fees cost .01 xDAI per 500 transactions), Ethereum compatibility/interoperability, and much more. Gnosis Chain already successfully went through its Merge upgrade and on December 08, 2021, became a full Proof-of-Stake network.
Gnosis Chain runs on a dual-token framework: xDAI, which is a wrapped version of MakerDAO’s algorithmic stablecoin DAI, is the payment coin of the network. By using a stablecoin for payments and calculating gas in xDAI, Gnosis Chain can keep fees extremely low. On the other side, GNO is the staking and governance token for GnosisDAO, allowing validators and delegators to secure the chain. Currently, there are 342k GNO staked for on-chain voting, making Gnosis Chain the third most decentralized blockchain after Bitcoin and Ethereum. Chorus One is thrilled to support Gnosis Chain in our quest to expand the PoS economy.
Block Explorer: https://gnosisscan.io/
Validating Rights: The minimum requirement to run a validator is 32 mGNO (1 GNO). Gnosis follows Ethereum’s Proof-of-Stake rewards system. You can learn more here.
Staking yield: 15.78%
Slashing: Staked tokens are subject to slashing.
To stake GNO or to set up a whitelabel validator, reach out to sales@chorus.one
Band Protocol staking can be done through Ledger hardware wallets. When you stake your BAND tokens with Chorus One you can earn rewards up to 11.2% per annum.
The Band Protocol is a platform to aggregate and connect real-world data to smart contracts. Band seeks to deliver trusted information to cross-chain applications via its network of validator nodes.
By delegating BAND tokens to a BandChain validator like Chorus One, you are able to earn staking rewards for indirectly participating in securing the network and responding to oracle data requests.
Band oracles are integrated into major blockchains and applications including Binance Smart Chain, ICONS, Nervos and Others.
Please note that the unstake period is 21 days. This means that you can only unstake and withdraw coins to your wallet after this time has passed. We wish you profitable staking!
You will first need to install the Cosmos application (ATOM) from the Ledger Live Directory as the Band Protocol uses Cosmos SDK.
Go to the block explorer website Cosmocan.io and click the Connect button in the upper right corner as shown in the image.
Now choose a connection method. In our case it’s Ledger — Cosmos. Ledger will verify that the site you are connecting the hardware wallet to is genuine. Leave HD Derivation Path unchanged and click Connect to Ledger
Confirm the action on the Cosmocan.io Band Protocol browser page to use the Ledger device in that browser. Copy the addresschrome://flags/#enable-experimental-web-platform-features by clicking the OK button in the pop-up window.
Then enable the Experimental Web Platform Features option.
Restart your browser.
Once opened, Cosmoscan.io will ask for permission to connect to the HID device. Click Connect.
Success! The hardware wallet is successfully connected.
To get the BAND address, on the main page of the Cosmoscan.io browser, click on the profile icon in the upper right corner, copy the displayed address and send tokens to it.
After the coins arrive in the wallet, you can proceed to BAND staking.
You need to select a validator to delegate your BAND tokens. Go to the Validators tab (which you saw in the screenshot). Then select a validator from the list, or just start typing its name. We suggest voting for Chorus One — a reliable and proven validator present on over 25 networks. We have highly available infrastructure and high uptime (uninterrupted functioning time).
Click on the validator to continue.
On the page, click Delegate.
Enter the amount of tokens you want to delegate manually, or just click Max to stake the entire amount at once. Usually, you don’t need to enter a Memo, but if the validator has this parameter, then you need to enter it as well. After that click Next. <button>Next</button>
Click the Broadcast button. A notification will appear on your Ledger device. Confirm the transaction on the device.
If you have successfully staked Band tokens, you will see the following message:
Done! After the delegation, by clicking the View Details button, you can open a page with detailed information about the transaction.
A reliable way to stake and delegate your ROSE is using RockX.
Go to RockX Wallet for Oasis Network.
If you do not have an account yet, create one and fund it from either an exchange or get some ROSE tokens from someone who already holds them.
When you create a new wallet you will be shown 24-word mnemonic that you must securely store!
If you already have an account and you use Ledger then connect your Ledger and follow the instructions.
Once you are connected, select the ‘STAKING’ tab.
Find Chorus One among the list of validators and click DELEGATE in that row. The validators are sorted by their staking power. You can also see what commission they take on the staking rewards you earn, as well as how many people already delegate tokens to them.
A pop will appear showing the details of the validator. Click on Delegate to proceed. Choose the delegation amount and Gas price
Sign the transaction by selecting the ‘SIGN AND SUBMIT’ button.
Congratulations! You’re now staking your ROSE tokens, and you should see a screen that looks similar to the one below!
Centrifuge is building the operating system to connect the global financial supply chain.
Centrifuge is bridging real-world trade finance assets like company invoices into the world of decentralized finance through the Tinlake asset-backed lending protocol. Through Tinlake, users can tokenize non-liquid assets such as invoices (e.g. ConsolFreight) or streaming royalties (e.g. Paperchain) and borrow against these securitized assets.The Centrifuge Chain, which hosts the Tinlake protocol, is a Substrate-based Proof-of-Stake chain secured by a small set of validators including Chorus One. By delegating Centrifuge (CFG) tokens, stakers help maintain the network and its bridge to Ethereum, for which they earn staking rewards.
Make sure to note down your mnemonic seed in a safe place! You will lose access to your funds if you forget or lose it. It is not recommended to store them on an unsecured laptop
2. Create 2 accounts
To stake CFG tokens you require 2 funded wallets. Follow step 1 twice to create these two and some CFG to both.
