We’re immensely proud to support staking for Celestia - the first modular blockchain network that is optimized for ordering transaction data and making it available- as a genesis validator!
Celestia is a modular network that makes it easy for builders to launch their own blockchain by focusing solely on data availability. It allows developers to easily deploy blockchains on top of Celestia, much like deploying smart contracts. This accessibility empowers individuals to create their own unique rollups and blockchains, serving a multitude of purposes and ensuring scalability for a broader audience.
Celestia's data availability layer introduces innovative features like data availability sampling (DAS) and Namespaced Merkle trees (NMTs). DAS allows light nodes to verify data without downloading entire blocks, reducing costs compared to monolithic chains, while NMTs enable execution and settlement layers on Celestia to download transactions that are only relevant to them. Celestia offers its data availability layer to other chains for publishing data by paying for blobspace.
We've covered everything you need to know about Celestia in 10 questions - find it here!
As a permissionless network, Celestia uses Proof-of-Stake to secure its own chain. Like any other Cosmos network, users can help secure the network and engage in governance by delegating their TIA to a validator like Chorus One.
The following guide explains how you can stake your TIA easily with Chorus One.
TL;DR
Step 1: Login to https://wallet.keplr.app/ and search for Celestia
Step 2: Select the Chorus One validator
Step 3: Enter the amount of TIA you want to stake
Step 4: Approve the transaction. You have successfully staked TIA with Chorus One!
*Note that this guide has been written using the Celestia Mocha Testnet as it was written prior to Mainnet, however the steps remain the same.
After a few seconds, the transaction will be completed. You have now successfully staked TIA with Chorus One using Keplr!
If you have any support queries, please send a request at https://support.chorus.one/hc/en-us. If you would like to learn more about Celestia or start staking TIA with Chorus One, please reach out to us at staking@chorus.one
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 45+ 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.
The latest and fourth iteration of dYdX, the dYdX Chain is officially live! This new version, built using the Cosmos SDK is the latest addition to the bolstering Cosmos ecosystem and marks a momentous event in the future of DeFi. Chorus One is immensely proud to be a genesis validator for dYdX v4, overseeing the unique off-chain, in-memory order book trading system within the network.
Since 2017, dYdX has emerged as a leading cryptocurrency trading platform. It has facilitated the trading of over $1 trillion in assets via Ethereum's smart contracts. With dYdX v4, the platform has transitioned into a standalone chain within the Cosmos ecosystem. By embracing the Cosmos SDK, dYdX gains the advantages of enhanced decentralization, scalability, and unrivaled customizability.
In 2017, dYdX ventured as an Ethereum Layer 1 application. However, it faced challenges, particularly concerning scalability and high gas fees. In response, they shifted to an Ethereum-based Layer 2 solution, a move that successfully alleviated the fee issue but introduced elements of centralization.
Now, with v4, dYdX introduces a fully open-sourced, off-chain order book primed for seamless scalability. By aligning with the Cosmos ecosystem, dYdX positions itself to harness the full spectrum of decentralization, customizability, and scalability.
Our comprehensive explainer covers all things dYdX, including an in-depth look at their transition to Cosmos and Chorus One's continuous engagement with dYdX since its inception. Check it out, here.
The dYdX v4 token, DYDX, serves a variety of purposes. Most significantly, users can not only participate in governance proposals but also contribute to the network's overall operation and security by staking their dYdX v4 tokens and earning rewards for their work.
However, to use and stake dYdX v4 tokens, the dYdX Chain needs to onboard users from various platforms, including rollups, Ethereum L1, other app-chains, and centralized exchanges, to its Cosmos version.
To simplify this, we have developed a unique bridging solution which lets you swiftly move your DYDX tokens from Ethereum to Cosmos, and even stake them simultaneously in the same transaction. To bridge your DYDX from Ethereum to Cosmos, check out our detailed guide here.
Alternatively, if you already have DYDX tokens in the Cosmos ecosystem, you can directly stake them with Chorus One using your Keplr wallet, as explained here.
*Since DYDX inflation goes to traders, dYdX stakers, in contrast, will receive 100% of the trading fees that are paid out in USDC.
To learn more about how you can get started with staking DYDX with Chorus One, don’t hesitate to reach out to us at staking@chorus.one.
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 45+ 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 excited to announce our partnership as Mainnet Alpha operators with Obol Network!
In April of this year, the Obol Network achieved a significant milestone with the launch of its Alpha phase, which witnessed the deployment of the first Mainnet Distributed Validators (DV) by the staking community. The foundation for this initiative was laid by the core team in December 2022 when they deployed the very first Mainnet DV. Since then, more than 45 organizations have joined in, running Distributed Validators on the Ethereum Mainnet in either solo or multi-org clusters.
In a nutshell, Obol Network is an ecosystem designed for trust-minimized staking, enabling anyone to create, test, operate, and coordinate distributed validators, with a primary focus on Ethereum staking solutions.
Presently, there is no way to operate validators in a high-availability environment without introducing the risk of slashing. Each validator operates as a single entity with its private key, and the high barriers to entry for running validators can naturally lead to stake centralization within the ecosystem.
This is where Obol steps in.
The Obol Labs takes the lead in addressing these challenges, particularly working to address stake centralization by improving the scalability and resiliency of Ethereum consensus. Obol has developed Distributed Validator Technology (DVT) to enable multiple nodes to function collectively as a single validator on Ethereum. Through Obol’s distributed validator client, ‘Charon’, multiple nodes work together by combining their partial signatures into a full signature for the distributed validator and coming to consensus.
DVT ensures fault tolerance as long as a specific threshold of active nodes is met (e.g., 3 out of 4, 5 out of 7, 7 out of 10, etc.). This approach enhances security, offers near-perfect performance, and eliminates the vulnerability of a single point of failure in validator nodes by distributing responsibilities across multiple nodes. Additionally, each node within a DV cluster can be run by different individuals or groups, thereby improving byzantine fault tolerance. As a result, DVs strengthen resilience while reducing security risks. In addition, this approach also reduces the risk of stake centralization by lowering entry barriers, enabling a broader participation in running validators effectively.
As we approach the full Ethereum mainnet deployment of Obol, Chorus One, alongside other players, have launched an Obol DV on Mainnet in their Alpha Phase. We are also continuing to test DVs on the Görli testnet to ensure support for varying node counts and the expansion of clusters to accommodate a growing number of validators. Within this comprehensive evaluation, we are closely examining crucial metrics such as the efficiency of validator duties, occurrences of missed duties, and inclusion distances, among other vital aspects, including the potential impact of MEV-boost on these configurations.
Our shared dedication to gathering this essential data is geared towards empowering stakeholders to confidently deploy distributed validators on the Ethereum mainnet. Furthermore, through our collaborative efforts, we aim to cultivate a deeper appreciation for the significance of DVT within the broader ecosystem. Together, we are committed to spearheading the adoption of decentralized staking, propelling Ethereum staking to new heights and ensuring it's more efficient, secure, and scalable than ever before.
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.
When it comes to staking ETH, a recurring challenge arises - the requirement to sign multiple transitions for substantial deposits. This complexity has been especially a persistent hurdle in the path of institutional stakers. To combat this, we’ve devised a solution that streamlines institutional staking: the ability to seamlessly stake 8000ETH , or 250 validators in a SINGLE transaction.
The conventional process of staking entails a series of transactions, which becomes increasingly cumbersome as the amount of stake grows. Institutions have long sought a more straightforward method for engaging in staking without the complexity of multiple signatures. Enter our new feature, which enables institutions and investors to stake up to 8000 ETH in a single, seamless transaction. This approach transforms staking on OPUS, Chorus One's multi-chain staking solution that caters to both institutions and individual investors, into a simple one-click process, streamlining the experience and reducing staking limits.
In the upcoming months, we aim to further enhance this capability, allowing customers to stake more in a single transaction than what the industry typically offers.
In addition to this streamlined process, complemented by OPUS's user-friendly staking interface, staking through Chorus One's OPUS offers a range of distinct advantages:
Staking ETH on OPUS is made easy through two methods:
Here's a brief demo to guide you through the process of staking with OPUS:
To learn more, or get started with staking with Chorus One, reach out to us at staking@chorus.one.
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 45+ 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 excited to announce a significant milestone in our collaboration with BitGo, a prominent regulated custody, financial services, and core infrastructure provider. BitGo has partnered with Chorus One to expand staking for a diverse range of networks, including Sui, Sei, Injective, Osmosis, and Agoric. This collaboration underscores our longstanding relationship, spanning over a year, and solidifies our position as a preferred staking provider for institutions seeking security, compliance, and cutting-edge research.
BitGo's decision to collaborate with Chorus One as their staking provider is rooted in several key factors that set us apart:
Security, Compliance, and Regulatory Expertise
Swiss Heritage: Switzerland’s robust regulatory framework for digital assets makes it a prime choice for industry players. Chorus One's Swiss origins reflect our commitment to rigorous standards and regulatory compliance—a critical factor for BitGo.
Comprehensive Compliance Checks: BitGo places paramount importance on regulatory compliance, and we meticulously meet all necessary requirements. Our rigorous compliance checks ensure that our staking operations consistently adhere to the highest standards, instilling unwavering confidence in institutions that choose us as their staking provider.
Top-Notch Security: BitGo values security above all else, and Chorus One boasts an impeccable track record in safeguarding staked assets, ensuring the safety of BitGo's assets.
Network Expertise and Streamlined Onboarding
Effortless Onboarding: BitGo sought a provider with extensive knowledge of a wide array of networks, along with the capability to swiftly enter validator sets. Our concise onboarding framework allows BitGo to stake tokens across multiple networks seamlessly, quickly, and efficiently.
Cosmos Network Proficiency: BitGo's interest in Cosmos networks aligns with Chorus One's long-standing involvement and expertise in this ecosystem. Our extensive knowledge positions us as a go-to provider for BitGo in their Cosmos-related endeavors.
Research Excellence
Chorus One Research, our in-house research arm, is highly regarded in the industry for its in-depth analysis of crypto and staking trends. This research is deeply valued by institutional partners like BitGo. Through this collaboration, BitGo gains access to our comprehensive research resources, enhancing their knowledge base.
"Chorus One's extensive expertise in emerging and leading networks has streamlined staking and onboarding for us.. Their stringent regulatory and compliance standards, as well as their notable performance and track record also give us peace of mind for a long-term collaboration." -Thomas Chen, Managing Director, BitGo
"We hold security, compliance, and regulation in the highest regard, and prioritize partnering with organizations that share these values. As a trusted leader and one of the few qualified custodians in the industry, we take pride in partnering with BitGo. We eagerly anticipate the opportunity to deliver the highest caliber staking and custody services to our mutual customers." - Brian Fabian Crain, CEO, Chorus One
Chorus One's collaboration with BitGo reaffirms our commitment to serving the institutional market with unwavering dedication to security, compliance, research excellence, and exceptional customer support. We look forward to this collaboration as we continue to provide the highest level of service to institutions looking to expand their staking activities.
To begin staking with Chorus One or learn more about our offerings, please contact us at staking@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 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.
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.
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.
