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News
Networks
Staking Support is Live for Persistence
Today we are pleased to announce our support for staking on Persistence, a network that is boldly attempting to create an interoperable marketplace for institutional asset transfer.
May 21, 2021
5 min read

Today we are pleased to announce our support for staking on Persistence, a network that is boldly attempting to create an interoperable marketplace for institutional asset transfer. Persistence is essentially re-creating accessibility for institutional liquidity and retail participation. The first product Persistence built was Comdex, a blockchain-based marketplace for trade finance and commodities. Using smart contracts, Persistence was able to standardise and bring immediate liquidity to the trading of commodities in Singapore. Since then, Persistence has built multiple products. One such product is a DeFi protocol known as pLend, where commodities companies can use their real-world assets (with terms in smart contracts) as collateral to borrow stablecoins supplied by crypto-native users. Other products Persistence has built include Audit.One, a validator that runs a node on multiple networks (including many that Chorus is also active on, e.g. Cosmos, Terra, NEAR, SKALE, and Celo) and pStake, a liquid staking protocol aiming to unlock liquidity of locked staking tokens in the Cosmos ecosystem.

Overall, Chorus and Persistence have a deep understanding of the intricacies of many networks and will be able to share that knowledge with each other to improve upon the security of Persistence’s own network. Not only that, Chorus will also be able to share its own liquid staking experience with Persistence to assist them building out liquid staking protocols on networks we both support.

We are yet to see exactly how real-world finance, DeFi, and staking will coalesce in the future. Running a node on Persistence allows us to contribute to a network that actively works on experimenting with the possibilities of this rich intersection within the Cosmos ecosystem. We are pleased to have the opportunity to secure a network that is building in areas that greatly align with Chorus.

Felix Lutsch, CCO of Chorus One

Chorus One is one of the most distinguished validators in the Proof-of-Stake ecosystem and has been at the forefront of innovation within this domain.

Meher (Co-Founder of Chorus One) has been a guiding force in my Crypto journey and now we are honoured to have Chorus One as a Validator on Persistence.

Persistence and Chorus One have a lot of synergies including on the soon to be launched liquid staking app — pStake Finance — by Persistence.

Tushar Aggarwal, CEO and Co-Founder of Persistence

About Staking on Persistence:

Persistence.one is built using Cosmos SDK. Users can delegate their XPRT to Chorus One using a wallet, such as Keplr.

Validating Rights: The weight of validators is determined by the amount of staking tokens (XPRT) bonded as collateral.

XPRT Inflation: 35%

Reward Rate: Rewards from staking XPRT will vary depending on the inflation and total amount of tokens that are staked at a given time. Learn more about the details of staking reward rates for chains built using Cosmos SDK here.

Chorus Commission: 8%

Withdrawal Delay: After withdrawing, your staked funds will only become accessible after the unbonding period (usually 21 days) has passed.

Slashing: You can get slashed (loss funds) in case the validator you are delegated to commits an offense. Make sure to do due diligence to minimize this risk.

Re-Staking: You need to withdraw rewards and re-stake them with some frequency if you want to make use of compounding returns.

How to Stake your XPRT with Chorus:

Persistence Staking FAQ: https://chorus.one/networks/persistence

Persistence Staking Guide: Persistence XPRT Staking Guide

Persistence Wallet: Keplr

Persistence Block Explorers: Persistence Block Explorer

Persistence Staking Reward Calculator: Staking Rewards

Guides
Networks
Why we’re joining Tezos and how to stake your XTZ with Chorus One
On March 1st 2021, we announced that we would be acquiring and operating Cryptium’s Tezos baker and their validator nodes on NEAR, Polkadot, and Kusama.
May 14, 2021
5 min read

On March 1st 2021, we announced that we would be acquiring and operating Cryptium’s Tezos baker and their validator nodes on NEAR, Polkadot, and Kusama. This deal enabled the former Cryptium Labs team to focus on their new project Anoma, a private, asset-agnostic bartering network, while allowing their delegators to keep earning staking rewards with a reputable staking provider. Shortly after, we also agreed to take over Figment’s baker to help them focus on their DataHub and Learn projects on Tezos and to allow Figment’s former delegators to continue earning XTZ staking rewards. The acquisition of the Cryptium and Figment bakers mark our first entry into the Tezos ecosystem.

About Tezos

Tezos needs no introduction, it is a self-amending blockchain that launched as one of the world’s first Proof-of-Stake networks in 2018, establishing one of the first ecosystems of node operators. Tezos differentiates itself from other chains through a sophisticated on-chain governance mechanism and formal verification of smart contracts.

Why we’re joining Tezos

Amongst other things, Tezos was the first blockchain that introduced ‘Liquid Staking’. Somewhat ahead of its time, before Decentralised Finance (DeFi) had garnered adoption, delegators on Tezos were and are still now able to earn rewards whilst having the option to undelegate at any time and transfer their assets elsewhere (in comparison to most networks where an ‘unbonding’ period is necessary to undelegate assets). This also allows tokens in smart contracts (e.g. collateral in Kolibri, a Maker-esque stablecoin system on Tezos) to be delegated and earn staking rewards simultaneously! Tezos is no foreigner to introducing blockchain concepts ahead of its time, on-chain governance and an automated upgrade schedule were also foreign concepts until Tezos introduced these. Tezos has established itself time and time again as a secure network with the potential to be one of the most resilient and adaptable Proof-of-Stake networks. Given its reliability, it is no wonder that Tezos is chosen continuously by financial institutions for it’s fork-averseness, staking economics and finance-friendly smart contracts. We see great potential for the future of Tezos and we are glad to finally have the opportunity to run a validating node on this vibrant network.

Tezos Network Activity

There are 1,419,320 accounts using Tezos. The 1D transaction average over the past 30D is ~100,000 transactions per day (which is ~365,000,000 transactions per year annualised) and contract calls on Tezos are growing ~120% MoM (since May 2020).

Tezos contract calls data from https://better-call.dev/stats/mainnet/general.

Network activity on Tezos is impressive to say the least. We are glad to be supporting a thriving network that has seen sustained growth since its inception. We are looking forward to actively participating in Tezos governance to foster ecosystem development in the future.

Tezos Edo 2.0 and Florence Upgrade

Tezos has had two upgrades in the past three months, namingly Edo 2.0 and Florence. Edo 2.0 targeted the application layer of Tezos by introducing privacy-preserving smart contracts, more composable smart contracts using ‘tickets’ that represent values in relation to addresses (similar to derivatives) and an ‘adoption’ period to create a longer time-buffer between when voting ends for an upgrade and when it is executed on-chain. The Florence upgrade doubled the maximum operation size of smart contracts), optimised gas and changed intra-contract calling to a depth first execution model, all of which enable developers to develop more complex smart contracts with higher certainty the smart contracts will behave as expected.

How to Stake your XTZ with Chorus:

Tezos Staking FAQ: Coming Soon

Staking Guide: Tezos Staking Guide for Beginners by Baking Bad, Ledger Guide to Staking Tezos (Ledger Only)

Wallets: Kukai, Ledger Live

Block Explorers: TzStats, TzKt

Staking Reward Calculator: Staking Rewards

Opinion
Networks
Regen Network — A Platform for Ecological Finance
The Cosmos vision is one of many application-specific blockchains interoperating with each other.
April 30, 2021
5 min read

The Cosmos vision is one of many application-specific blockchains interoperating with each other. It is the belief that creating domain-specific, sovereign ecosystems will often prove more suitable than building on a shared, general purpose blockchain substrate like Ethereum. But how does value accrual work in such a system? What domains could provide enough value to justify the cost of needing to operate their own blockchain?

Regen Network is building a network focused on ecological regeneration. The goal is to provide tools to actors in the climate finance industry and turn them into stakeholders of the Regen ecosystem.

Regen is a Proof-of-Stake blockchain built on the Cosmos SDK with a staking token $REGEN that recently (on April 15, 2021) launched its mainnet supported by 50 independent validators. This token could accrue value from levying fees on ecological assets originated and secured on-chain, and from transaction fees paid by users paying for services on the network. Data from the recent explosion of decentralized finance protocols and associated governance tokens allow us to get insight into how the market is valuing such tokens.

But first, one might wonder what kind of assets would be secured on the Regen Network and what kind of transactions may take place. This post will take a look at the initial use case of a registry for carbon credits and then discuss two hypothetical valuation methods: one based on discounted cash flows from transaction fees and one based on comparable DeFi protocols, and their respective market capitalization in relation to the assets locked in their smart contracts (TVL).

The First Use Case: A Public Registry for Carbon Credits

The Regen Ledger ultimately is designed to become a platform focused on use cases around the topic of ecological finance, but for this analysis we will focus on the first application built by the Regen team, which is a registry for carbon credits.

Carbon credit markets are opaque and private; there are lots of problems that a shared, public market could solve. If you are interested in learning about the how and why, the Regen whitepaper goes into these problems in-depth in section 4.2.1.

Even though there is a lack of transparency and many scattered markets, it is clear that carbon markets, in their totality, are huge. Corporations, governments, NGOs, and public blockchains are all adapting to a new standard of carbon sensitivity. Analysts looking into the topic provide wide ranges of estimates, which can be used as a basis for valuation attempts. In particular, one can assume global trading of carbon credits to amount to $278bn in 2021, an amount that is based on data and growth rates observed in recent Refinitiv studies that also aligns with earlier research conducted by the Regen team. The carbon market has experienced high growth in recent years due to a heightened awareness of climate change and the increasing importance of needing to find a solution.

Valuing REGEN based on Carbon Credit Transaction Fee Cash Flows

To understand how capturing this market might translate to value appreciation in REGEN tokens, one needs to first understand the dynamics in a Proof-of-Stake network. While initially, most Proof-of-Stake networks bootstrap their security through token issuance (mostly referred to as inflation), the long-term assumption is often that transaction fees levied within the network should compensate stakers for putting their capital to work. Following this, the price of a staking token could be derived using discounted cash flow valuation. Many analysts in the crypto space have attempted these kinds of valuations, an example from 2018 by John Torado on the REN token can be found here. Using this approach, the Regen Network could accrue significant value depending on the market share of the $278bn carbon credit market that it can capture and its ability to levy a fee on originations and trading of those credits.

Valuing REGEN based on TVL Comparables

As mentioned in the introduction, a plethora of DeFi protocols and associated tokens allow us to get a sense of how the market values governance tokens based on the total value locked within the associated protocol. CoinGecko e.g. is tracking the Market Cap to TVL Ratio for different protocol tokens. Using this comparable approach, one might also consider valuing the REGEN token based on the total value locked in tokenized carbon credits and other natural capital assets that are originated and locked in smart contracts on the Regen Network.

Thoughts on the Future of Climate Finance and DeFi

So far, we’ve only talked about the single use case of a public registry for carbon credits. We assumed that the Regen Network will become a place in which ecosystem players originate, buy, and sell such credits. Once such agreements are digitized and exist on Regen Network as NFTs, which is how this will technically work, there are many ways in which these tokenized agreements could become used in the digital economy. As an example, tokenized agreements could serve as collateral in decentralized financial applications giving them additional utility, and increasing the potential market and value capture for Regen as the originating chain. An example would be using natural capital assets as lower volatility collateral to borrow stablecoins against. The DeFi ecosystem will benefit in using real-world collateral since they may bring stability to a space that is currently dominated by highly correlated crypto-assets — a topic that another one of our supported networks, Centrifuge, is also working on by bridging trade and decentralized finance.

Conclusion

The Regen Network and its ecosystem is equipped to have a huge impact on climate finance and defi — bridging worlds. We believe a public carbon credit registry that can ensure credits are actually serving their desired cause is a great start to foster permissionless innovation and will lay the foundation for many more use cases in the future. Regen Network mainnet is there and an liquidity and price discovery for REGEN tokens is coming soon! Make sure to follow the channels linked below to stay in the loop.

The time to coordinate to solve climate change, come join us and the Regen community in this endeavor!

About Regen Network
Regen Network aligns economics with ecology to drive regenerative land management.

Website: https://www.regen.network/
Twitter: https://twitter.com/regen_network
Telegram: https://t.me/regennetworkpublic

About Chorus One
Chorus One is offering staking services and building tools and protocols to advance the Proof-of-Stake ecosystem.

Website: https://chorus.one
Twitter: https://twitter.com/chorusone
Telegram: https://t.me/chorusone

News
Networks
Chorus One to Add Staking Support for Mina
We joined the Mina Protocol as a block producer coinciding with the protocol’s mainnet launch.
April 9, 2021
5 min read

We joined the Mina Protocol as a block producer coinciding with the protocol’s mainnet launch. MINA delegators stand to earn up to 24% APR on their tokens for helping to secure the network. In this post, we are detailing why we joined the Mina community and what you need to know about staking on Mina.

Why Mina?

Mina is the first protocol to use recursive zero-knowledge proofs to track the entire state of a blockchain. Anyone in the world on any device can sync up and verify the chain at any point in time and act as a full computing node. Using zero-knowledge proofs to track states rather than a full ledger of transactions, Mina is able to keep their blockchain to a fixed size of ~22kb. As a result, Mina truly exemplifies a decentralised blockchain, as anyone in the world, even with limited access to resources, is able to participate and verify transactions. Not only is Mina well-decentralised, it is also privacy-oriented, as zero-knowledge proofs prove a statement to a verifier without revealing the exact specifics of that statement. The benefits of using zero-knowledge proofs are three-fold, ensuring scalability and decentralisation by keeping the blockchain small and accessible, as well as private, because those verifying transactions are unable to see specific details of a transaction.

The groundbreaking use of zero-knowledge proofs of zero-knowledge proofs (recursive) to track the entire state of a blockchain is a truly innovative approach that differs greatly from existing blockchains. We are particularly eager to see how Mina will integrate with web2 and believe that Mina can be the basis for interacting with websites that would traditionally require our personal data. In the future, we envision ourselves using Mina to prove information about ourselves to services that require it off-chain (such as banks) without giving away the specific details of what we are proving. An immediate use-case building on Mina is Teller, a protocol advancing unsecured lending in DeFi. In Teller, a user can prove their credit score is over a limit without revealing the exact number of their score over that limit thanks to zero-knowledge proof technology. We are eager to see how permissionless oracles in Mina will be incorporated by Snapps in the future too.

About Staking on Mina

Mina is a lightweight, succinct blockchain. Each block contains state ‘proofs’, rather than the entire state. The size of Mina’s blockchain is always fixed ~22kb, allowing anyone on any device to quickly sync and verify the chain at any point in time. Mina is a Proof-of-Stake blockchain that uses Ouroboros Samasika for consensus, a provably secure consensus mechanism that chooses block producers ahead of time.

MINA token holders can delegate their tokens to validators such as Chorus One to earn staking rewards for helping to secure Mina and the snark powered decentralised apps (Snapps) it hosts. We are currently the sixth largest validator by assets staked on Mina with almost 15m MINA tokens staked. If you are interested in staking, you are able to stake with us through our custodian partner Finoa, or through non-custodial wallets listed further below. The following factors need to be taken into account when considering to stake on the Mina Protocol:

Epochs: Mina uses epochs to account for time. There are 7,140 slots per epoch and each slot is 3 minutes long (so an epoch lasts ~14–15 days).

Payout: Mina does not automatically payout rewards to delegators, Chorus will manually pay out rewards to delegators. Our payout schedule will initially be once per epoch shortly after epochs rolled over (i.e. every two weeks). We might update that to a more frequent schedule as we improve our payout mechanism. Payouts for the initial epoch already took place.

Validating rights: The stake distribution that is sampled when determining the VRF threshold is contained on another special ledger called the “staking ledger” (main ledger is called “staged ledger”). Using two separate ledgers means that validators are only able to see when they have the opportunity to publish a block 2 epochs into the future.

Reward rate: ~12% APR, for token holders with only liquid tokens this will be double (i.e. 24% APR at the moment).

Slashing: There is no slashing in Mina.

Latency period: There is a latency period of around a month before a new stake delegation comes into effect and starts to earn rewards (since the staking ledger is always decided 2 epochs in advance).

Minimum delegation: There is no minimum delegation.

Supercharged rewards: Mina token holders that do not have locked tokens receive higher rewards. At Chorus One, we take this into account for our reward payouts meaning delegators without vesting accounts will receive higher staking rewards!

Chorus One Mina Staking Quick Facts

Address: B62qmFf6UZn2sg3j8bYLGmMinzS2FHX6hDM71nFxAfMhvh4hnGBtkBD
Commission Rate:
10%
Payout Frequency:
Every epoch (i.e. every two weeks)

Learn more about staking Mina with us on our website.

Further Mina Resources

Token Sale (April 13–16, 2021):
Coinlist

Staking Guides:
Delegating Mina using Clorio wallet
Delegating Mina using Finoa’s platform (Figment guide)
Delegating Mina using Clorio & Ledger
Delegating Mina using Ledger Nano S

Wallets:
Clorio
Okesip

Validator Dashboards:
Mina Validator Dashboard

Block Explorers:
Mina Explorer
Hubble

Mina Fees:
Mina Protocol Gas Station

News
Networks
Chorus One joins The Graph as an Indexer
Happy New Year! Today, we are excited to announce the launch of our The Graph mainnet indexer node.
January 2, 2021
5 min read

Happy New Year! Today, we are excited to announce the launch of our The Graph mainnet indexer node. Find us e.g. on the official dashboard (chorusone.eth). This post will focus on our journey so far and what you can expect when considering to delegate GRT tokens.

Why We Are Supporting The Graph

The Graph has become the industry standard for retrieving data from Ethereum applications, with prominent users including Coingecko, Uniswap, and many others.

We have experienced ourselves what it means to write custom code to retrieve blockchain data, to store it, and to service it for our staking platform Anthem. One of the reasons that makes us excited about The Graph is the potential to make extracting valuable information from any blockchain much easier, while at the same time not relying on a centralized party to maintain availability and to ensure integrity of the data.

The Graph is a core piece to enable truly trustless applications. By providing our infrastructure and expertise to the community, we hope to accelerate the growth of this ecosystem!

What You Need To Know About Delegating

The Graph is one of the most complex decentralized protocols with various, highly interconnected elements. The intricate economic design that features multiple roles (check out a primer here) is designed to optimally provide indexing and querying capabilities through a decentralized network of participants.

As a GRT holder, one option to participate in the system is by delegating to indexer nodes that are storing and servicing data. By delegating, GRT holders essentially increase the power of their chosen indexer operator in the protocol. Indexers need to allocate stake to subgraphs and are required to service queries from data consumers, the volume of which is determined by their relative stake allocated to a specific subgraph. To compensate delegators for putting up their capital to back indexing nodes, they receive a portion of the query and inflation rewards earned by the indexer. Indexers can determine their reward cut (the commission taken on newly minted GRT from the protocol) and their query cut (the commission taken on fees from queries served).

The rest of this post will focus on the inflation and reward cut dynamics, since these are expected to have the majority impact on the staking rewards received, especially in this early bootstrapping phase of the network.

If you are seeking to find out how much you will earn at the start, when queries fees are still low, these are the things you need to consider:

  • Inflation and Staked Supply: 90% of the annual GRT issuance of 3%, so 2.7% are distributed to indexers and their delegators. Depending on how much of the total supply is staked, those staking will receive a higher APR per GRT staked. E.g. if 10% of the total GRT supply are delegated, the APR for staking GRT (disregarding commission and other factors that will be covered in the following) is 27% (2.7%/10%).
  • Indexer Reward Cut: Every indexer can set a query and reward cut percentage. The reward cut is one factor that determines how the above mentioned inflation rewards are distributed between the indexer and its delegators. It describes the percentage of the total reward (both from the indexer itself and from outside delegations) that is kept by the indexer for offering its services.
  • Indexer Stake-To-Delegation Ratio: Indexers need to stake GRT themselves and there is a limit to how much stake can be delegated to them before rewards don’t increase any longer. This is currently 16x of self-staked tokens. This self-stake portion can be slashed by 2.5% if the indexer provides incorrect data. Delegated balances cannot be slashed. Since in The Graph’s staking design all rewards (also the self-stake portion) are shared with delegators, the effective commission rate that delegators pay depends on both the ratio of indexer’s self-stake to delegated stake and the reward cut. As an example, if an indexer stakes 1 million GRT and has 6 million GRT delegated with a reward cut of 20%, its delegates actually pay an effective commission of 6.67%. Note that in cases with low Stake-To-Delegation Ratios the effective commission can actually turn negative meaning the indexer is essentially sharing more of his rewards with delegators than what he is earning in commissions. You can use this tool provided by The Graph Portal to estimate the effective commission rate. Future dashboards will likely incorporate this information and display effective commission rates or expected APRs on a per-indexer basis.
  • Unbonding Period: When you want to stop staking, there is a 28 day delay until delegated GRT tokens become liquid again. This means that you need to carefully choose the indexer you delegate to, since if you want to switch you will need to wait out that unbonding period.

There’s also a one-time 0.5% fee when delegating GRT that is burned lowering the circulating GRT supply. At the time of writing there is around 9% of the GRT supply staking meaning the APR for staking GRT is 30% (before commission). Since our indexer does not have many delegations yet, our effective commission rate is actually negative meaning you’ll earn an even higher APR until delegations fill up!

How To Delegate

Fellow indexers and community members have already written delegation guides and built dashboards that are helpful if you want to put your GRT to work, here is a selection:

Official The Graph Dashboard: https://network.thegraph.com/
Staking Facilities Guide for Ledger + Metamask: https://stakingfac.medium.com/the-graph-staking-guide-5ec1455f4783
Graphlets Dashboard: https://graphlets.io/
The Graph Portal: https://thegraphportal.com/

Cover background image by Arash Ashgari on Unsplash.

Originally published at https://blog.chorus.one on January 1, 2021.

News
Networks
Analyzing Staking Participation on the SKALE Network
It’s been over 2 months since the decentralization of the SKALE Network ( mainnet phase 2) began.
December 11, 2020
5 min read

It’s been over 2 months since the decentralization of the SKALE Network ( mainnet phase 2) began. With an unique approach of requiring participating investors to stake a minimum of 50% of their tokens for a period of at least 2 months ( Proof-of-Use), the SKALE team focused on attracting long-term supporters of the project, as opposed to speculators looking for a quick flip.

In this post, I want to take a look at a snapshot of the on-chain data that shines light on how SKL holders are engaging with the network now that the Proof-of-Use period has come to an end.

The SKL Token

SKL is an ERC-777 token (backwards compatible with ERC-20), so information about it is available on Etherscan. We can see that there are 4,083,530,877 SKL tokens, which are held by 3,903 different addresses. 166,857,860, or roughly 4%, of those were sold in a public sale through the Activate platform. For a detailed breakdown of the supply and associated lockups, check out this 1-pager.

I want to start this analysis by taking a look at token transfers. Visualizing the transaction counts and amounts, we can clearly see how the initial tokens were distributed to investors leading up to the phase 2 mainnet launch on October 1. We can also note an uptick in activity when the first SKALE staking period ended Dec 1 (as of now, tokens can only be staked for periods of 2 months). At this point, the first tokens unlocked and the SKL token gets listed, e.g. on Binance. On Dec 1, 6,358 transfers were carried out moving 267m SKL, or around 6.5% of the supply (see chart). Right after, activity declined significantly with on average around 500 transfers happening per day during the past week.

SKL Token Transfers and Volumes by Date. Source: Etherscan.

The State of Staking

Looking at the total stake in the network, which e.g. can be found here, we see that the overwhelming majority of tokens are involved in staking. 74.5% of all tokens are delegated, which places SKALE in the company of established networks such as Cosmos (71.42%) and Tezos (79.44%, see Staking Rewards). In terms of addresses that are involved in staking, we see that there are 1,167 unique delegators. 30% of all addresses that hold the SKL token are also staking.

Furthermore, one may wonder how many SKL tokens have been unstaked or are planning to unstake at the next boundary (Feb 1). The official dashboard shows 112m SKL (~3.7% of the currently staked supply) have been unbonded after the first staking period. So it seems like a majority of token holders plan to continue staking (it should be noted that a majority of token holders like the foundation, team, and early investors have longer lockup periods and cannot transfer their tokens yet).

Generally speaking, the interest in staking seems to remain high. While this amount will likely increase as the month continues, we can currently see that 15m SKL tokens plan to unstake at the next boundary (Feb 1). This is three times as much as new delegations that are coming in (i.e. accepted and proposed), which amount to around 5m SKL tokens at the time of writing. If we assume constant growth and that this ratio will remain until the end of January, then the staked supply would decline by roughly 80m, which would barely impact the staking ratio.

Of Validators and Delegators

There are currently 47 validator organizations running a grand total of 152 nodes, whose resources are distributed across elastic SKALE-Chains. The average reward per node, which is split between the node operating entity and its delegators, is 211,075 SKL per node. With 152 nodes, this means the SKALE Network is currently paying out 32,083,400 SKL (or 1.04% of the supply) per epoch.

Using the median commission rate across validators of 12%, this means the average SKL delegator is currently earning 0.9152% per month on his SKL, translating to an APR of 11.55% (including compounding).

Looking at the stake distribution among nodes, we can see that a majority of the stake is controlled by a small subset of validators with only 3 of the 47 entities controlling right about 33% of the stake (see chart).

Stake Distribution among Validators (Dec 9, 2020). Source: SKALE Dashboard.

Conclusion

SKALE’s design seems to have successfully incentivized an engaged base of holders that are interested in supporting the project through staking. Nevertheless, it should be noted that the project is still in a very early phase of decentralization, which can be seen both by looking at the token distribution among addresses (the top 100 addresses hold a majority of all tokens), as well as in the stake distribution across validators. For more on the importance of censorship resistance in Proof-of-Stake, check out e.g. this thread by the Solana team.

About Chorus One

Chorus One is offering staking services and building protocols and tools to advance the Proof-of-Stake ecosystem.

We are an active validator on the SKALE Network. Support our work by delegating to us. Learn more here.

Website: https://chorus.one
Twitter: https://twitter.com/chorusone

About SKALE

SKALE is an elastic blockchain network that gives developers the ability to easily provision highly configurable fully decentralized chains that are instantly compatible with Ethereum. SKALE chains can execute sub-second block times, run up to 2,000 tps per chain, and run full-state smart contracts in addition to decentralized storage, execute Rollups, and machine learning in EVM.

Website: https://skale.network/
Twitter: https://twitter.com/skalenetwork

Originally published at https://blog.chorus.one on December 10, 2020.

News
Networks
Oasis Mainnet is Live and so is Staking on Anthem!
On November 18, 2020 the Oasis mainnet transitioned to a fully permissionless platform with ROSE tokens becoming transferable on the network.
November 26, 2020
5 min read

On November 18, 2020 the Oasis mainnet transitioned to a fully permissionless platform with ROSE tokens becoming transferable on the network. This constitutes a major milestone for the Oasis ecosystem and we are proud to be part of the initial 75 validators that made this possible!

Oasis and its privacy-preserving technologies allow developers to build entirely new types of applications in which users remain in control of their data enabling a better Internet and a responsible data economy.

Stake ROSE Tokens with Anthem

Coinciding with the official mainnet launch, we are excited to announce that we have finished our Ledger integration of Oasis in Anthem enabling ROSE holders to transfer and delegate their tokens to earn staking rewards to initially earn up to 20% APY (more on the economics here).

Connect your Ledger device or try out Anthem’s portfolio feature with any Oasis address at: https://anthem.chorus.one

At Chorus One, our goal is to improve non-custodial participation in the staking economy to strengthen decentralized networks and help them deliver on the promise of an open and transparent financial and user-owned Web3 ecosystem. Anthem is a tool geared towards helping users participate in these emerging networks.

To support our work, delegate ROSE tokens to our node and safely earn rewards. Learn more here: https://chorus.one/networks/oasis/

Anthem Functionality on Oasis

  • Transfer and stake from Ledger Devices: Send and receive tokens and delegate to validator nodes on the Oasis network to earn staking rewards.
  • View your Balances and Transaction History: Connect any address and see their balances and the transactions they carried out.
  • Track Historical Returns and Balances: See charts and export a CSV file for any address to observe how your portfolio grew.

PS: A recent Chrome update is resulting in the Ledger integration not working on Chrome and Brave for some users. To fix it, you will need to go to chrome://flags#new-usb-backend and disable that flag.

About Chorus One

Chorus One is offering staking services and building protocols and tools to advance the Proof-of-Stake ecosystem.

Chorus One is a grantee of the Oasis Foundation and a genesis mainnet node operator on the Oasis network. Learn more about us in our Node Operator Spotlight.

Website: https://chorus.one
Twitter: https://twitter.com/chorusone

About Oasis

A better internet is only a matter of time. The Oasis network is trying to fix what’s broken by giving users back control of their data using a combination of secure compute and a proof-of-stake blockchain.

Website: https://oasisprotocol.org/
Twitter: https://twitter.com/oasisprotocol

Originally published at https://blog.chorus.one on November 26, 2020.

News
Networks
Oasis is Live on Anthem!
We are excited to announce support for the Oasis mainnet release candidate Amber on Anthem!
June 30, 2020
5 min read

We are excited to announce support for the Oasis mainnet release candidate Amber on Anthem! Starting today, token holders on the Amber network can track their account and transaction history by pasting in their address.

Try it out on https://anthem.chorus.one

Anthem — A Multi-Network Staking Platform

Anthem is an essential tool for staking users on blockchain networks. Our goal is to improve non-custodial participation in the staking economy by giving users access to historical data about their investments, as well as allowing them to stake tokens and vote in governance on supported networks.

On Oasis, Anthem allows you to connect any address and access historical portfolio and transaction data with a focus on staking rewards. Token holders can display their balances in different fiat currencies (for Oasis this feature is not available yet). In addition, users can export account data as a CSV file and transaction data as a JSON file, enabling them to easily get the correct data for tax compliance or analytics purposes.

Try out Anthem for Oasis today and feel free to ask us questions on Telegram or through the live chat feature!

What To Expect

After Anthem has been live for a couple of months for the Cosmos Hub, adding Oasis marks the first step towards the multi-network experience we are aiming towards. We expect to soon add Celo and Terra, as well as expand features to improve participation for token holders in Proof-of-Stake networks such as Oasis in the near future.

About Chorus One

Chorus One is providing staking services and developing cross-chain communication technologies for Proof-of-Stake blockchain networks.

Chorus One is a grantee of the Oasis Foundation and a genesis mainnet node operator on the Oasis network. Learn more about us in our Node Operator Spotlight.

Website: https://chorus.one
Twitter: https://twitter.com/chorusone

About Oasis

A better internet is only a matter of time. The Oasis network is trying to fix what’s broken by giving users back control of their data using a combination of secure compute and a proof-of-stake blockchain.

Website: https://oasisprotocol.org/
Twitter: https://twitter.com/oasisprotocol

Originally published at https://blog.chorus.one on June 30, 2020.

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