Chorus One is proud to introduce our new research effort, fueled by a grant from dYdX, that examines the implications of Maximum Extractable Value (MEV) within the context of dYdX v4 from a validator's perspective. This comprehensive analysis presents the first-ever exploration of mitigating negative MEV externalities in a fully decentralized, validator-driven order book. Additionally, it delves into the uncharted territory of cross-domain arbitrage involving a fully decentralized in-validator order book and other venues.
This paper, marking a significant milestone in exploring MEV dynamics, identifies factors that influence undesirable MEV extraction, and proposes concrete strategies to level the playing field in derivative trading by counteracting such behavior.
dYdX v4 signifies a transformative phase in the evolution of the dYdX protocol. It embraces a fully decentralized derivatives exchange built on a central limit order book (CLOB). Unlike previous iterations, which combined smart contracts with centralized services, v4 employs a decentralized off-chain order book and a high-performance matching engine. This architecture, powered by the CometBFT consensus and Cosmos SDK, strives to achieve scalability alongside decentralization while allowing community-driven protocol development.
This transition signifies a substantial shift, as v4 introduces the industry's first truly decentralized perpetual futures exchange. Validators will manage the order books, with meticulous steps taken to ensure fair and trustless trading through effective negative MEV mitigation.
Set against the backdrop of this pivotal upgrade, our paper serves a crucial purpose by shedding light on the complexities of mitigating bad MEV on dYdX v4, thus equipping the community with the resources needed to navigate the upcoming transition. By providing comprehensive insights, our analysis aids in anticipating the impact of MEV on the new chain and trading experience, as well as the wider Cosmos ecosystem, ultimately fostering informed decision-making.
Our analysis uncovers pivotal insights that reverberate across the ecosystem:
Finally, our research extends beyond insights to practical solutions for mitigating validator-driven MEV risks. We propose that such MEV might manifest through partnerships between trading firms and market makers, favoring those with established advantages. We underscore the risks associated with harmful MEV, including asymmetric risk for delegators. Even in optimistic scenarios, potential revenue from partnerships may not fully offset these risks. To address this, we suggest a combination of measures including potential penalties and flexible unbonding periods for re-delegation to ethical actors, aiming to effectively manage validator-driven MEV risks.
At Chorus One, we leverage a sophisticated and ethical set of MEV strategies to optimize our validators' performance and continuously monitor progress. Backed by in-house experts and extensive research, we deploy various infrastructural solutions such as relay optimization, latency games, and investing in robust machines to improve our MEV performance. Learn more about Chorus One's winning MEV strategies by reading our recent blog.
For a comprehensive exploration of our research on MEV implications within dYdX v4, we invite you to read the full research paper here.
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.
After a record breaking event in Paris last year, EthCC, the premier European Ethereum conference returns on Monday 17 July for its sixth installation.
Chorus One is thrilled to be part of this dynamic gathering, where crypto enthusiasts from around the world convene. As we gear up to immerse ourselves in the event and share the latest developments in staking, we want to provide you with a closer look at our agenda, activities, and where to find us.
Over four days, EthCC will attract more than 4,000 industry leaders from the realms of finance and digital assets to explore the evolution of crypto and community. Through engaging fireside chats, thought-provoking panels, and invaluable networking opportunities, the conference will cover a wide range of crypto verticals, spanning from blockchain economics to rollups and gaming.
Our Chief Executive Officer, Brian Fabian Crain will take on the illustrious Versailles stage to lead a workshop delving into the significance of the Urbit ecosystem. Mark your calendar here.
Additionally, we invite you to join us for the sessions by our Research Analyst and Ethereum Expert, Gabriella Sofia and our Engineering Team Lead, Jennifer Parak. Gabriella will provide an analytical exploration, predicting the trillion-dollar potential of Ethereum staking. Catch her presentation at Saint Victor at 2:35 pm CEST on July 18.
Jennifer, on the other hand, will unveil her optimized Ethereum validator key-gen tool, "Eth-staking-smith," designed to streamline validator key management at scale. Be sure to attend her talk at Saint Victor at 2:10 pm on July 20.
In addition to Brian, Gabriella, and Jennifer, other Chorus One attendees you can expect to meet at the event, include:
Vic Kaul, Xavier Meegan, Michael Moser, Yannick Socolov, Luis Nuñez Clavijo, Albert Poetzsch, Anita Zaman, Neal Roche, Alexis Tabak
To schedule a meeting, reach out to us at: staking@chorus.one
See you there!
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.
Amidst the dynamic blockchain landscape, Archway Network stands out as a platform that has captured the attention of developers and enthusiasts alike. This blog delves into the unique features and opportunities that Archway offers, shedding light on its architecture, tokenomics, use cases, developer rewards, and recent activities that ascribe it as a prominent player in the ecosystem.
Archway’s Architecture: Where Innovation Thrives
Archway Network is a testament to visionary architecture. By leveraging the Cosmos SDK, Tendermint, and CosmWasm, the Archway team have built an infrastructure that excels in speed, scalability, and security. What truly sets Archway apart is its seamless interoperability through the Inter-Blockchain Communication (IBC) protocol, which fosters a cohesive ecosystem where data and value can flow freely between different blockchains.
Unlike L1 blockchains that primarily focus on token distribution to early participants, Archway takes a different approach. It recognizes the value and impact of developers and builders by incentivizing them based on their contributions to the network. This unique model aims to level the playing field among developers, providing equal access to capital and support, regardless of their connections or associations.
Tokenomics: Incentivizing Developer Contributions
Archway introduces a novel approach to developer rewards by exploring revenue distribution alternatives. Beyond gas fees, developers building on the network are incentivized through a meticulously designed combination of gas rebates, inflation, and premiums. This multifaceted reward system ensures that developers are recognized and rewarded for their invaluable contributions to the network.
Gas fees are not just divided up among validators and dApps, but split evenly between them, ensuring a fair distribution of rewards. But Archway doesn't stop there—it pushes the boundaries further. With the inflation rate at 10% and expected APR ranging around ±21% at launch, developers have a stake in shaping the network's future.
A quarter of the inflation is allocated to the dApps rewards pool, a vibrant ecosystem where developers are rewarded based on the gas generated by their applications within a given epoch. Additionally, developers have the freedom to set custom fees for interactions with their smart contracts, enabling them to earn 100% of the charges and fostering a direct stake in their application's success. By seamlessly embedding these fees within the network fee, Archway Network delivers a user-friendly experience, sparing users from the complexity of multiple fees.
Use Cases
Archway Network opens up a wide range of possibilities for developers and entrepreneurs. By rerouting their rewards to a shared pool, developers can subsidize gas fees for users, creating a more familiar and accessible experience akin to traditional web applications. This user-centric approach revolutionizes the way people interact with blockchain-powered applications, removing the burden of high transaction costs and propelling mainstream adoption.
Moreover, Archway Network empowers developers to swiftly launch their dApps without the need to bootstrap a standalone chain. For early-stage projects struggling to secure funding or establish a secure blockchain, Archway provides a springboard for testing product-market fit and scaling ambitions. Developers can prototype and iterate on Archway before transitioning to their own appchain or rollup, amplifying their chances of success.
Archway isn't solely focused on providing a versatile blockchain infrastructure—it also fosters a vibrant and supportive developer community. By offering a plethora of hackathons, workshops, grants, bug bounties, and developer-focused initiatives, Archway stimulates a culture of innovation and collaboration. Developers are incentivized to create new modules, tooling, and applications that enrich the ecosystem and unlock new possibilities.
Check out some of Archway’s key initiatives here:
Hackathons: https://blog.archway.io/tagged/hackathons
Workshops: Archway Workshops
Grants: https://blog.archway.io/accelerating-value-capture-the-archway-foundation-grants-program-40f3edbdf9
Governance
Archway Network implements a governance model that allows participants and token holders to actively shape the protocol's future. Through proposals and on-chain voting, Archway's decentralized community can influence the direction of the platform. Governance is facilitated by their native token, $ARCH, which ensures fair and transparent participation. Holders of the token can propose changes and vote on active proposals, with consensus being reached through a defined threshold. Engaging with the Archway community involves actively participating in governance by submitting proposals or casting votes on existing ones.
Recent Developments
In its relentless pursuit of excellence, Archway Network has achieved several milestones that highlight its potential as a catalyst for change. Notably, the launch of its incentivized testnet, the successful completion of multiple security audits, and the adoption of WebAssembly (Wasm) have garnered attention from developers and blockchain enthusiasts alike. Now with the mainnet launch, Archway is poised to reshape the blockchain landscape, offering an unprecedented level of developer empowerment and accessibility.
Deep Dive into Archway network: https://www.youtube.com/watch?v=TCoTNlzohIo
Useful resources:
Website: https://archway.io
Twitter: https://twitter.com/archwayHQ
Medium: https://medium.com/@archwayHQ
Github: https://github.com/archway-network
Docs: https://docs.archway.io
Discord: https://discord.com/invite/5FVvx3WGfa
Reddit: https://www.reddit.com/r/Archway/
Telegram: https://t.me/archway_hq
Staking $ARCH with Chorus One
Inflation rate: 10%
Staking APR: expected ±21% at launch (with 35% ARCH staked)
To start staking with Chorus One, reach out to staking@chorus.one.
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.
In the interest of safeguarding investors from potential staking penalties, Chorus One is proud to partner with Nexus Mutual, the leading decentralised coverage provider, to introduce a range of staking coverage options for our customers. As an industry leader, we are the first node operator to purchase on-chain staking coverage to protect our customers through Nexus Mutual’s innovative tokenised cover.
Our aim is to shield our diverse clientele—including custodians, trusts, enterprises, individuals, and others—from any risks associated with staking penalties, to ensure peace of mind and uninterrupted growth. This coverage reinforces Chorus One’s risk management strategies to proactively fortify our customers’ staked funds.
Complementary base cover on staked ETH
In light of our partnership with Nexus Mutual, we are pleased to offer complementary base coverage on Ethereum staked through OPUS for all customers until the end of 2023. Additionally, clients may opt for upgradable coverage on other networks supported by Chorus One upon request. For information regarding this promotion, or to explore coverage options for other networks, please reach out to us at staking@chorus.one.
Nexus Mutual
Nexus Mutual is a decentralised coverage protocol that allows its members to join and share risk. Members are empowered to purchase cover products that protect against various kinds of risks, including staking penalties like slashing. By leveraging their infrastructure, our clients can conveniently access cover, underwrite risks, manage claims, and build resilient risk management strategies through Chorus One.
How does it work?
Nexus Mutual’s tokenised cover permits Chorus One to acquire coverage for various digital assets, represented as ERC-721 NFTs. They offer transparent and auditable claims assessment, which can be accessed by anyone through the Nexus Mutual protocol on Ethereum. Storing data on-chain allows anyone to review Nexus Mutual’s history of claim decisions and payouts.
Unlike traditional insurance, claims are processed in a matter of days and payouts are redeemable as soon as a claim has been approved. Nexus Mutual provides an enhanced claims experience for our customers by eliminating the need for third-party involvement or delays. Additionally, the protocol is designed to reward honest behaviour and penalise fraudulent activities. Learn more about the claims design and how Nexus Mutual protects against fraud protection in their documentation.
What is slashing?
Proof-of-Stake (PoS) networks offer immense growth potential for blockchain transactions. However, not all PoS networks are equal, and they introduce new responsibilities and risks for token holders. One such risk is slashing, which involves penalising validators who engage in dishonest or inactive behavior on the network. Slashing can take different forms, such as losing a predefined percentage of a validator's stake or being completely removed from the network for the current epoch or permanently.
At Chorus One, we recognise the severity of such circumstances. That’s why our robust, on-chain coverage forms an integral part of our comprehensive risk management strategy, aiming to protect all of our clients. Stay tuned for an upcoming article where we will delve further into staking penalties and Chorus One's proactive risk management practices.
"When staking your ETH, even with the best technical set-up and expertise, mistakes can happen and slashing can occur. The most professional operators recognize this and put in place protection for their users. We're excited to work with Chorus One to make staking your ETH safer." - Hugh Karp, Founder, Nexus Mutual
"At Chorus One, security holds the utmost importance as we deeply value the trust and peace of mind it brings to investors. As responsible node operators, we prioritise establishing a solid foundation of trust with our investors, ensuring the safety of their assets. Through our partnership with Nexus Mutual, we aim to offer comprehensive protection against potential asset loss arising from staking penalties." - Vic Kaul, Business Development Lead, Chorus One
About Nexus Mutual
Nexus Mutual is a decentralised insurance alternative built on the Ethereum blockchain and the leading provider of crypto-native coverage. To date, Nexus Mutual members have protected more than $4.4b in crypto assets and have paid out $17.9m in claims. The mutual was created to give people a way to hedge against the unique risks in on-chain markets.
Learn more about Nexus Mutual by visiting nexusmutual.io.
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.
In the interest of safeguarding investors from potential staking penalties, Chorus One is proud to partner with Nexus Mutual, the leading decentralised coverage provider, to introduce a range of staking coverage options for our customers. As an industry leader, we are the first node operator to purchase on-chain staking coverage to protect our customers through Nexus Mutual’s innovative tokenised cover.
Our aim is to shield our diverse clientele—including custodians, trusts, enterprises, individuals, and others—from any risks associated with staking penalties, to ensure peace of mind and uninterrupted growth. This coverage reinforces Chorus One’s risk management strategies to proactively fortify our customers’ staked funds.
Complementary base cover on staked ETH
In light of our partnership with Nexus Mutual, we are pleased to offer complementary base coverage on Ethereum staked through OPUS for all customers until the end of 2023. Additionally, clients may opt for upgradable coverage on other networks supported by Chorus One upon request. For information regarding this promotion, or to explore coverage options for other networks, please reach out to us at staking@chorus.one.
Nexus Mutual
Nexus Mutual is a decentralised coverage protocol that allows its members to join and share risk. Members are empowered to purchase cover products that protect against various kinds of risks, including staking penalties like slashing. By leveraging their infrastructure, our clients can conveniently access cover, underwrite risks, manage claims, and build resilient risk management strategies through Chorus One.
How does it work?
Nexus Mutual’s tokenised cover permits Chorus One to acquire coverage for various digital assets, represented as ERC-721 NFTs. They offer transparent and auditable claims assessment, which can be accessed by anyone through the Nexus Mutual protocol on Ethereum. Storing data on-chain allows anyone to review Nexus Mutual’s history of claim decisions and payouts.
Unlike traditional insurance, claims are processed in a matter of days and payouts are redeemable as soon as a claim has been approved. Nexus Mutual provides an enhanced claims experience for our customers by eliminating the need for third-party involvement or delays. Additionally, the protocol is designed to reward honest behaviour and penalise fraudulent activities. Learn more about the claims design and how Nexus Mutual protects against fraud protection in their documentation.
What is slashing?
Proof-of-Stake (PoS) networks offer immense growth potential for blockchain transactions. However, not all PoS networks are equal, and they introduce new responsibilities and risks for token holders. One such risk is slashing, which involves penalising validators who engage in dishonest or inactive behavior on the network. Slashing can take different forms, such as losing a predefined percentage of a validator's stake or being completely removed from the network for the current epoch or permanently.
At Chorus One, we recognise the severity of such circumstances. That’s why our robust, on-chain coverage forms an integral part of our comprehensive risk management strategy, aiming to protect all of our clients. Stay tuned for an upcoming article where we will delve further into staking penalties and Chorus One's proactive risk management practices.
"When staking your ETH, even with the best technical set-up and expertise, mistakes can happen and slashing can occur. The most professional operators recognize this and put in place protection for their users. We're excited to work with Chorus One to make staking your ETH safer." - Hugh Karp, Founder, Nexus Mutual
"At Chorus One, security holds the utmost importance as we deeply value the trust and peace of mind it brings to investors. As responsible node operators, we prioritise establishing a solid foundation of trust with our investors, ensuring the safety of their assets. Through our partnership with Nexus Mutual, we aim to offer comprehensive protection against potential asset loss arising from staking penalties." - Vic Kaul, Business Development Lead, Chorus One
About Nexus Mutual
Nexus Mutual is a decentralised insurance alternative built on the Ethereum blockchain and the leading provider of crypto-native coverage. To date, Nexus Mutual members have protected more than $4.4b in crypto assets and have paid out $17.9m in claims. The mutual was created to give people a way to hedge against the unique risks in on-chain markets.
Learn more about Nexus Mutual by visiting nexusmutual.io.
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.
We're proud to announce that Qredo, a premier self-custody protocol and platform, has joined forces with Chorus One to expand staking accessibility for investors. From seamless staking to enhanced security measures, this partnership aims to empower users with a secure and efficient staking experience.
What is Qredo?
Qredo offers institutions and traders a secure way to store assets while maintaining complete control. Through their unique distributed multi-party computation (dMPC) technology, users can confidently take custody of their own digital assets and readily engage with the DeFi ecosystem on a trusted, institutional-grade platform.
Stake to Chorus One through a Qredo Wallet
As part of the partnership, Chorus One's OPUS users can now directly stake and unstake multiple crypto tokens through Qredo Wallets. This eliminates the complexities associated with managing multiple wallets and platforms, making staking more accessible to a broader range of investors.
Key benefits of staking with Chorus One for Qredo customers:
The Qredo-Chorus One partnership garners strengths of both entities, empowering investors with a seamless and secure staking experience. By combining Qredo's innovative self-custody solutions with Chorus One's expertise in institutional staking, individuals and institutions can confidently participate in staking activities while maximizing their rewards and maintaining full control over their assets.
"Chorus One's OPUS shines brilliantly in the realm of staking. The potential to simplify staking for both individual investors and institutions is truly remarkable. We look forward to complementing OPUS with our secure self-custody solution, and firmly believe that this collaboration will bring immense value to our shared customers."
– Josh Goodbody, Chief Operating Officer, Qredo
"Qredo's robust self-custody solution is a valuable addition to OPUS. This partnership strengthens the security foundation of OPUS, empowering our customers to enjoy a frictionless and secure staking experience. We are truly excited about this partnership and the continuous collaboration between Chorus One and Qredo's products."
– Vic Kaul, Business Development Lead, Chorus One
To learn more about OPUS and how to get started, visit: https://chorus.one/staking-api-opus
About Qredo
Qredo is a leading provider of institutional-grade digital asset self-custody solutions. The company's distributed multi-party computing (dMPC) technology provides a secure and regulated environment for users to store, transfer, and manage their digital assets.
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.
Chorus One is proud to announce the launch of Red Horizon; a new way to interact with your Urbit server, identity, and community.
Red Horizon is built on an open source project that redesigns the internet from the ground up. The main thesis is that the way the current technology of IP addresses, DNS, and other elements of the present-day internet create massive problems that can only be addressed by MegaCorps that are just as massive (and flawed) in scale.
We all benefit from the ease of using these MegaCorp services at the expense of our privacy, data ownership, and "black box" interference of our connections.
Instead of relying on MegaCorp server farms, what if it was easy enough to run your own personal server? What if you didn't have to search for a new user name? What if you didn't have to deal with spam? What if you didn't need to pass a CAPTCHA test ever again? What project could ever make that happen?
Urbit. It's more than a profile. It's a Turing complete computer with an identity baked in at its lowest levels and it talks to other computers just like it. This creates a truly decentralized and private peer to peer network of computers. It is a complete reimagining of the internet, it works today, and it is getting easier to use every day.
Mostly.
While it is relatively straight forward to run Urbit compared to running your own Linux servers, anyone who wants to use it still needs a fair amount of technological skill that is beyond the average MegaCorp user.
That's where Red Horizon enters the picture.
Our mission is completely removing the technical skills required to use Urbit so people can get to the good stuff right away. That includes a permanent identity that nobody can ever revoke; a toolkit for building communities around groups, interests, chats, blogs, and more; decentralized program distribution; contact management; and more tools built every day.
We keep your Urbit server up and running 24/7. You can access it from your phone, your laptop, or desktop computer through a browser. With a simple log-in you can access all your groups, your chats, write articles, and build your community without having to figure out any of the "how does this work" stuff going on behind the scenes.
If you ever want to run things yourself, then you can take over at any time. Since the Urbit server is entirely code-based, we can get it to you, and you're now the total owner and operator of your own data and network. Exit is always an option. That's one of our core principles.
And that comes from experience. Our parent company, Chorus One, is a major player in the institutional crypto scene since 2017. Chorus One has managed millions of dollars through bear markets, bull markets, crypto winters (too many to count), and remained steadfast through it all. Chorus One remains a trusted steward and leader of high stake investments which is why they are the perfect company positioned for this person-to-person level project, too.
That is why we have already partnered with several of the most promising projects in the space including Uqbar which is focused on developing blockchain-integrated development tools for the Urbit environment. We are also working with Native Planet, which is dedicated on making at-home hosting hardware accessible to people. Vaporware Network is working tightly with us to help bring their vision of high-leverage NFTs to the market. And, finally, we are building a strong relationship with the Urbit Foundation to get more developers into the world of Urbit.
Our waitlist is now live at redhorizon.com. You can also find our Urbit group at ~doldys/red-horizon, and follow our Twitter @redhorizonhost for the latest updates.
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures. We are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.
The first half of 2023 has been marked by a flurry of captivating events in the crypto sphere, and we have only just begun to scratch the surface of what lies ahead for the remainder of the year. Rest assured, as The Spotlight curates the finest selection of staking news each month.
But that's not all. In May, we were highly productive, engaging in exciting projects and concocting a wealth of crypto knowledge. This newsletter serves as your exclusive invitation to delve into the plethora of developments we pursued last month, ensuring you remain well-informed and up-to-date. Moreover, as believers in a global crypto community, we're always on the move. So, find out where our team will be in June below!
1. Ledger by Chorus One: Securely stake your tokens via the Ledger Live App
With Ledger’s extended compatibility with the Cosmos ecosystem, over 1.5 million Ledger Live users can now stake numerous tokens including Onomy, Quicksilver, Persistence, and more through nodes operated by Chorus One. Read all about it here.
2. Lido upgrades to V2 mainnet
After a successful governance vote, liquid staking protocol Lido upgraded to its second version, enabling users to unstake their stETH and receive ETH at a 1:1 ratio. We’ve captured everything you need to know about why this is significant here.
3. The number of staked ETH hit its all time high since Shapella
The amount of staked ETH continued to grow since the advent of Shapella upgrade, having surged by a mighty 4.4M since withdrawals were enabled. We’ve explained why this trend is likely to continue here.
4. $700m staked ETH shifts away from centralised exchanges
Regulatory concerns and the allure of higher rewards prompt investors to flock to decentralised liquid staking protocols, leaving traditional exchanges in the dust. Read all about it here.
OPUS
We’re proud to announce that our multi-chain staking solution, OPUS, is now live and running! OPUS allows our customers to stake with utmost ease, and earn maximum rewards while having complete control over their nodes. OPUS also comes with a range of features that optimise the staking experience for our customers. Read all about it here.
Ledger by Chorus One
We’re delighted to be partnering with Ledger Live to support their extended compatibility with the bolstering Cosmos ecosystem. This partnership permits a larger number of crypto investors to stake Cosmos tokens on the Ledger Live App through nodes operated by Chorus One. More on this here.
Recently, our Chief Commercial Officer, Felix Lustch, was joined by Ledger’s Global Head of Client Success Lila Garcia and Anchorage Digital’s Head of Product, Boaz Avital to explore future trends in the staking frontier. They had an insightful discussion, covering topics including the latest advancements in staking infrastructure, regulatory movements, and risk management in crypto. If you missed it, feel free to watch the recording here.
Stake SUI with Chorus One
SUI Network is the latest network to join the ranks of networks supported by Chorus One. After three testnet waves, Sui launched their Mainnet this month, and we're proud to support the growth of the network as one of the genesis validators. Our blog delves into the unique characteristics of the Sui network and explains how you can start staking SUI with Chorus One. Read it here.
Gelato x Chorus One
Chorus One has partnered with Gelato Network as one of the genesis node operators for GEL staking! We participated in a number of discussions exploring this partnership and the future of GEL staking, which you can hear here.
Fordefi x Chorus One
We’re proud to announce our partnership with Fordefi, a leading MPC wallet platform and web3 gateway, facilitating Chorus One’s customers to stake and unstake multiple tokens using the Fordefi wallet inside OPUS. Full details here.
1. Quarterly Insights
Our research team produces an in-depth analysis of the industry's biggest trends every quarter. We published the first edition of 2023’s quarterly insights, which covers:
Read the full report here.
2. Beyond Shapella
Ever since the Shapella upgrade, the influx of institutional interest in ETH staking has been remarkable. Our blog delves into the reasons behind this trend and why we expect this trajectory to continue. Read it here.
3. A guide to Lido V2
Lido upgraded to its V2 Mainnet - making stETH withdrawals possible for its users, and paving way for a more decentralised future to the Ethereum network. We covered everything you need to know about this upgrade, and why it’s so significant. Read it here.
4. Key takeaways - the evolution of Shared Security
Shared Security is a method aimed at enhancing the safety of a blockchain by leveraging resources from other blockchains. Several PoS networks adopt shared security as a strategy to fortify their blockchain's security while introducing new use cases. Our article provides a clear overview of how shared security has evolved and offers concise explanations of its implementation across various PoS networks. Read it here.
June 1-2 | Crypto Valley Conference | Rotkreuz, CH
The Chorus One team will be attending the Crypto Valley Conference on June 1-2, in Rotkreuz, CH. If you’re attending, look out for one of our team members including Meher Roy, Tomas Matta, Rakesh Bhagloe, Neal Roche, or Michael Moser to discuss what we’re currently working on, or to address any questions you may have about staking.
Also, if you’re attending, don’t miss out on the tax roundtable that Rakesh Bhagloe from our Finance team will be participating in alongside industry professionals from KPMG, MME, and Safe to discuss how VAT is treated in DLT transactions.
To register, visit: cryptovalleyconference.com
June 3-5 | Gateway Conference 2023 | Prague, CR
Join our Partnership Manager, Yannick Socolov, as he shares his insights on the secrets of building thriving and enduring Web3 communities at 3.30pm on June 5th.
To register, visit: https://gateway.events
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.
