We’re excited to announce a strategic collaboration with Ledger, a global leader in hardware wallet security. This collaboration empowers Solana (SOL) holders to stake their tokens securely via Ledger’s trusted hardware wallets while leveraging the high-performance, enterprise-grade infrastructure of our validator services.
This partnership represents a commitment to enhancing user security, simplifying staking experiences, improving network diversification, and delivering superior results for Solana stakeholders.
The integration of Ledger’s technology with our validator infrastructure delivers several benefits:
Chorus One has been an integral part of the Solana ecosystem since its inception, contributing not only as a high-performing validator but also as a thought leader and innovator in blockchain research and operations.
1. Superior validator performance
Learn more about our Solana validator performance: https://chorus.one/articles/metrics-that-matter
2. MEV expertise and innovation
3. Cutting-edge research and insights
We’ve published extensively on Solana’s architecture and performance:
4. Infrastructure excellence
Our validators are deployed with enterprise-grade hardware in geographically distributed data centers. Strategic location selection maximizes connectivity and performance. Key features include:
5. Solana ecosystem engagement
Staking your SOL with Chorus One through Ledger is simple and secure:
As one of the largest institutional staking providers globally, we’re proud to offer secure, innovative, and efficient staking solutions for Solana and beyond. For further insights into Chorus One’s work in the Solana ecosystem, explore our research articles or follow us on Twitter.
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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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:
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.
Ready to stake? Follow this step-by-step guide to get started:
Make sure your Bitcoin wallet is ready before staking goes live. Staking Rewards supported wallets include:
Browser Wallets:
Hardware Wallets:
👉 Note: When setting up your wallet, follow these guidelines:
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.
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.
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.
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.
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.
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.
Chorus One is excited to announce our partnership with Fragmetric, a leading liquid restaking protocol on Solana.
Restaking, one of the most significant innovations in the crypto space in recent years, is now arriving on Solana through Jito Restaking. This platform will leverage Solana native assets to support Node Consensus Networks (NCNs), applications that deliver services to Solana users.
While progress in liquid restaking has been impressive, the space still faces challenges that slow down its growth:
Fragmetric solves these issues with $fragSOL, an innovative liquid restaking token (LRT) powered by Solana's unique features:
Stay tuned as Chorus One shapes the future of restaking with Fragmetric and $fragSOL!
About Fragmetric
Fragmetric is a native liquid restaking protocol on Solana, with a vision of enhancing the Solana ecosystem's security and economic potential. Through implementing advantage of Solana's token extension, Fragmetric has effectively implemented NCN reward distribution. Furthermore, Fragmetric designed practical solutions, the Normalized Token Program for leveraging various LSTs in restaking platforms. Fragmetric’s mission is to build a secure, transparent, and highly efficient restaking infrastructure that empowers users and supports the stability of the Solana's restaking ecosystem.
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.
The TON blockchain has emerged as a promising platform, but for institutions (wallets, exchanges, custodians etc.) looking to offer Toncoin staking to their customers, current options come with serious limitations. From high staking minimums to complex pool management, existing solutions fall short of meeting the needs of large-scale, flexible staking.
Recognizing this gap, we have launched TON Pool – a staking solution designed to meet the unique requirements of institutional players while making Toncoin staking simpler, more efficient, and scalable.
The TON ecosystem currently offers the Nominator Pool and Single Nominator contracts as staking options. However, both models restrict the number of delegators and impose high minimum stake requirements, which limits accessibility for larger institutions that manage staking services for numerous clients. These limitations force institutions to distribute stakes manually across multiple pools, adding operational complexity and increasing transaction fees, while impacting the final yield. (We covered the current TON staking mechanisms in detail here.)
With these pain points in mind, we saw an opportunity to create a tailored solution that eliminates these barriers and optimizes staking for our customers needs.
TON Pool addresses the shortcomings of current models by providing a flexible, high-efficiency staking solution that scales for larger institutions and various service providers. TON Pool aggregates Toncoin from an unlimited number of users into a single pool, offering seamless in-protocol distribution across multiple validators and removing the need for complex management. The result? A more streamlined, cost-effective, and yield-optimized staking experience for institutions and their customers.
TON Pool is designed for:
One of the most significant advantages of TON Pool is its streamlined staking flow. Here’s a comparison of how staking works with traditional models versus TON Pool:
With TON Pool, customers no longer need to juggle multiple addresses or pay per transaction. Instead, they delegate once, paying a single fee, while all technical complexities are managed seamlessly within the protocol.
“TON Pool is our answer to the challenges institutions face when staking on the TON blockchain. We built this solution to remove unnecessary steps, lower costs, and provide a scalable option for institutions that require a higher degree of flexibility. TON Pool makes staking more accessible and profitable, which we believe is essential to driving the TON ecosystem forward,” - Brian Fabian Crain, CEO, Chorus One.
For more details about TON Pool and to get exclusive discounted commission rates, reach out at staking@chorus.one, and sign up now to be among the first to experience streamlined, scalable Toncoin staking.
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.
The cryptocurrency ecosystem experienced a remarkable month in September 2024, marked by market resilience, major network developments, and high-profile events, such as Token2049. Key networks like Bitcoin, Ethereum, Solana, and Cosmos made significant strides, and institutional momentum surged. With a blend of market performance, regulatory clarity, and network advancements, the month underscored the growing maturity and interconnectedness of the crypto landscape.
Bitcoin (BTC) defied its typical September slump, recording its best monthly performance in over a decade with a 7.3% gain and closing just above $63K. This historic uptrend pushed Bitcoin’s market cap beyond $1.2 trillion, with daily trading volumes averaging $32.4 billion. This surge in Bitcoin’s value reflects increased institutional demand, aided by global monetary easing and a weaker U.S. dollar, which created favorable market conditions.
Despite geopolitical uncertainties, Bitcoin maintained a solid position above $60K, signaling strong market confidence as investors anticipate a continued rally in “Uptober.”
In contrast, Ethereum (ETH) underperformed relative to Bitcoin, with the ETH/BTC pair hitting a three-and-a-half-year low. Still, the broader market momentum remained intact, driven by regulatory developments:
Ethereum’s ecosystem made strides in scalability and infrastructure development, though it faced challenges in price performance. Notable developments included:
September was an active month for Bitcoin staking initiatives. Babylon Labs raised its second deposit cap, opening the door for increased staking participation. With nearly 23889.62550726 BTC deposited (~$1.5B), Babylon has now claimed the spot as the third largest restaking protocol by TVL, right behind EigenLayer and Symbiotic.
The Cosmos ecosystem introduced major upgrades and partnerships:
Institutional momentum and regulatory clarity played a crucial role in September’s market performance. Alongside Bitcoin’s success, Ethereum, Solana, and Cosmos made significant progress in staking infrastructure and interoperability. The introduction of EigenLayer incentives and Solayer partnerships highlighted the importance of restaking for both network security and validator rewards.
With the UK clarifying digital asset ownership, Nigeria issuing exchange licenses, and Kazakhstan approving Binance’s operations, the global crypto landscape continues to evolve toward greater regulatory clarity and acceptance.
September 2024 marked a significant shift toward market maturity, with key networks delivering on governance, scaling, and restaking initiatives. As Bitcoin continues to trade above $60K, and Ethereum advances with Layer 2 and restaking solutions, the market is well-positioned for further growth in Q4 2024.
The market’s ability to weather geopolitical uncertainty while embracing new technologies and regulatory frameworks reflects its resilience and readiness for wider institutional adoption. The combination of network upgrades, governance innovations, and cross-chain interoperability suggests a promising future for the decentralized economy.
As we move into Q4, the focus remains on sustaining market momentum, and unlocking the full potential of (re)staking infrastructure—setting the stage for another transformative phase in the blockchain industry.
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.
At Chorus One, our primary goal is to provide our users with the best possible experience across a wide variety of networks. In light of current market conditions and lower network activity, we’ve made the decision to offboard a few networks. This change allows us to streamline our focus and dedicate more resources to networks that offer stronger long-term growth and user adoption.
While we have enjoyed working with and supporting these networks, we’ve observed a few trends that have led to this decision:
If you’re currently staking tokens on any of the networks we are offboarding, please take note of the following important details:
In alignment with our focus on networks that demonstrate long-term sustainability and growth, we will be adjusting our staking fees on the following networks:
These fee changes reflect our ongoing efforts to ensure high-quality service while maintaining sustainable operations across networks with strong potential.
This decision allows us to allocate more resources and attention to the networks that show the most promise in terms of activity, user growth, and long-term sustainability. As we continue to grow and evolve, we remain committed to offering the best staking services and supporting the most innovative and active networks in the industry.
If you have any questions or need assistance with unstaking your tokens, our support team is here to help. Feel free to reach out to us via support@chorus.one.
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.
Maximum Extractable Value (MEV) is critical to blockchains, particularly on networks like Ethereum and Solana. With sub-second block times and high throughput, Solana has unique challenges and opportunities in the MEV space. Unlike Ethereum's block-building marketplace model, Solana's mempool-less architecture has led to a different MEV extraction dynamic characterized by high-speed competition and potential network congestion.
Solana's unique features, including Gulf Stream for mempool-less transaction forwarding, have enabled remarkable speed and efficiency. However, these same features have also created an MEV landscape that requires innovative approaches.
The current methods of MEV extraction on Solana have several drawbacks. Searchers competing on latency often flood the network with duplicate transactions to ensure MEV capture, leading to periods of intense congestion and failing transaction processing for all users.
The winner-takes-all nature of Solana MEV opportunities results in a high rate of failed transactions. These failed transactions still consume compute resources and network bandwidths. Studies have shown that up to 75% of transactions interacting with DEX aggregators can fail during periods of high activity.
Moreover, the concentration of MEV capture among a few players threatens network decentralization as these entities accumulate more resources and influence. In Ethereum, the use of external searchers and block-builders has led to private order flow deals, resulting in extreme centralization where a single builder creating over 50% of Ethereum blocks, with only two builders responsible for 95% and four entities building 99% of all blocks.
Paladin introduces a solution to address these issues. It consists of two main components:
The Paladin bot is a high-speed, open-source arb bot that runs locally on validators. It works only when the validator is the leader and is integrated with the Jito-client. By running directly on the validator, it captures all riskless and straightforward MEV opportunities (e.g., atomic arbitrage, CeFi/DeFi arbitrage) faster than searchers, without needing to outsource these opportunities and pay around 20% of the MEV to external entities. Any non-supported, or more advanced MEV strategies that the Paladin bot doesn’t recognize can still be captured by the Jito auction, making it a net positive for the ecosystem.
The bot listens to state updates from the geyser interface, allowing real-time opportunity detection. Validators can choose which tokens and protocols to interact with, allowing more conservative validators to alleviate legal concerns about interacting directly with tokens they deem securities.
The PAL token is designed to align the incentives of validators and users and create a robust MEV extraction mechanism. With the entire supply of one billion airdropped at launch, PAL is distributed among validators, their stakers, Solana builders, the team, and a development fund.
PAL can be staked by validators and their delegators, with rewards proportional to their SOL stake. The token has a unique MEV distribution mechanism, where 10% of captured MEV is funneled to PAL token holders, with 97.5% going back to validators and their stakers. Most staked PALs can vote to slash the staked PAL of validators who engage in dishonest actions, such as running closed-source modifications of Paladin, instead of adhering to the "just run Paladin" principle.
Paladin's design creates dynamics that contribute to its sustainability. The "Pack of Wolves" dynamic incentivizes validators to "run with the pack" by honestly running Paladin. Going against the pack risks slashing and loss of rewards. This creates a self-reinforcing system of honest behavior.
As more validators run Paladin, a flywheel effect is created. More MEV is funneled to PAL holders, increasing the value of PAL and further incentivizing participation. This alignment of long-term interests incentivizes validators to behave honestly rather than pursue short-term gains through harmful practices like frontrunning.
Moreover, by allowing all validators to participate in MEV extraction, Paladin prevents centralization while still allowing searchers to implement more specialized strategies. The bot's open-source nature and transparent reward distribution create a fairer MEV landscape, benefiting the entire Solana ecosystem.
At Chorus One, we recognize Paladin's transformative potential. We've taken the proactive step of integrating Paladin into one of our Solana validators, Chorus One Palidator.
If you have been following Chorus One, you would know we have a deep interest in MEV. Almost two years back, we open-sourced our proof-of-concept called ‘Breaking Bots’ to capture MEV on Solana efficiently and ethically. Paladin’s proposition is similar in spirit but takes a different approach with the PAL token, which was not part of our proof-of-concept.
The integration of Paladin with our validator is a significant step in addressing the challenges of MEV on Solana. We invite Solana stakers to join us in this effort by delegating to our Palidator. Let’s move towards a model that benefits all participants rather than a select few.
As the MEV landscape evolves, Chorus One is committed to exploring and implementing solutions that benefit our delegators and the wider Solana community.
Blog articles
https://chorus.one/articles/metrics-that-matter
https://chorus.one/articles/solana-mev-client-an-alternative-way-to-capture-mev-on-solana
https://chorus.one/articles/solana-validator-economics
https://chorus.one/articles/analyzing-mev-instances-on-solana-part-3
https://chorus.one/articles/analyzing-mev-instances-on-solana-part-2
https://chorus.one/articles/analyzing-mev-instances-on-solana-part-1
Podcasts
Solana's Next Big Moves: From Memecoins to Staking—What's Coming Next?
Exploring Marinade V2 and the state of Solana Staking
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.
