After three rounds of rigorous testnets, the Sui Network Mainnet is live, and Chorus One is proud to support the network as a genesis staking provider and validator.
What is SUI?
Sui Network is a permissionless Layer-1 blockchain and smart contract designed from the ground up to make digital assets ownership fast, secure, and accessible to the next generation of Web3 users. Its pioneering architecture is implemented to create a world-class developer experience, in addition to vastly improving performance and user experience of L1 blockchains.
Sui Move
Sui uses Rust and supports smart contracts written in Sui Move - a customized version of the Move programming language that enables the definition and management of assets with owners. These assets can be created, transferred, and mutated through custom rules defined in the smart contract, offering a flexible way to manage digital assets on the blockchain. This enables a vast range of use-cases such as tokens, virtual real estate, and more.
SUI’s unique design features
Sui has a unique system design that allows it to scale horizontally and handle a high volume of transactions at low operating costs. Unlike other blockchains that require global consensus on all transactions, Sui enables parallel agreement on independent transactions through a novel data model and Byzantine Consistent Broadcast. This approach eliminates the need for global consensus and enhances scalability without compromising safety and liveness guarantees.
The object-centric view and Move's strong ownership types enable parallel execution of transactions that affect different objects while transactions that affect shared state are ordered through Byzantine Fault Tolerant consensus and executed in parallel.
Sui’s scalability characteristic is highly innovative and distinct from existing blockchains that have bottlenecks. Currently, most blockchains have limited capacity to handle a high volume of transactions, resulting in slow processing times and expensive fees. This can lead to a poor user experience, particularly in gaming and financial applications. Sui addresses these issues by scaling horizontally to meet the demands of applications. It does this by adding more processing power through additional validators, resulting in lower fees and faster processing times even during periods of high network traffic.
Sui allows developers to store complex assets directly on the blockchain, which makes it easier to create and execute smart contracts. This results in low-cost and horizontally scalable storage that enables developers to define rich assets and implement application logic. With this capability, new applications and economies can be created based on utility without relying solely on artificial scarcity.
SUI Tokens
Sui’s native token, SUI, has a fixed supply and is used to pay for gas fees. Additionally, users can earn rewards by staking their SUI tokens with validators like Chorus One. To learn more about how you can stake SUI with Chorus One, visit: https://chorus.one/articles/how-to-stake-sui-sui-network
Sui Use Cases
Sui enables developers to define and build:
Staking $SUI with Chorus One
SUI can be delegated to Chorus One delegation pool
Current Staking APR: 8.3%
For any other questions, reach out to staking@chorus.one
Useful links, tools, and resources
Website: https://sui.io
Twitter: https://twitter.com/SuiNetwork?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Docs: https://docs.sui.io/learn/about-sui
Explorer: https://suiscan.xyz/mainnet/home
Discord: https://discord.com/invite/sui
GitHub: https://github.com/MystenLabs/sui
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 are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.
We’re excited to announce that Chorus One is now live on the APTOS Network, after successful participation in the Aptos Previewnet Program - a quarterly program that Aptos intends to run to both evaluate performance of existing and aspiring node operators who wish to operate nodes on Mainnet, and test out new features.
The Aptos ecosystem is bustling with activity as developers work on a range of innovative projects such as NFTs, DeFi applications, DEXs, wallets, and bridges. You can head to this repo for notable examples of these projects, showcasing the diverse and dynamic nature of the Aptos community's development efforts.
Aptos is a high-performance layer 1 proof-of-stake protocol that aims to be one of the safest and most scalable protocols, with a core focus on user experience. It was initiated by Aptos Labs, a venture founded by former engineers and scientists from Diem (formerly Facebook), with a vision to build their own, permissionless blockchain. Aptos is built using the Move programming language along with the Move Virtual Machine for dApp development. The team behind Aptos was actively involved in the development of Move, with a focus on flexibility, customizable transaction logic, and provability to enhance the safety of writing smart contracts.
Aptos is designed to prioritize scalability, safety, reliability, and upgradability, addressing common problems faced by existing protocols such as outages, high costs, slow transaction processing speed, and security concerns. It achieves this through innovative techniques like flexible private key management and hybrid custody services to enhance user safety.
Additionally, it utilizes a unique design that enables quick and efficient transaction processing through a parallelized and modular pipeline approach, resulting in high transaction throughput and minimal delays. More on this next.
Aptos is designed with a strong focus on upgradability and evolution over time. It achieves this through various approaches, such as storing configuration information on the blockchain and customizable state synchronization protocols. This allows node operators to choose synchronization strategies that align with their requirements, making it user-friendly for both users and developers. The flexible upgradeability framework of Aptos ensures smooth adaptation to changing requirements in the future.
Aptos prioritizes security and performance to enhance user experience (UX). It addresses key management challenges through flexible private key management and hybrid custody services, catering to both new and experienced users. This allows users to create multiple accounts that are not linked to each other but can be managed using a single wallet. It also enables trusted custodians to rotate private keys in case of certain circumstances, implemented on-chain at the base layer to prevent damages caused by key mismanagement.
In addition, Aptos enhances security by providing transaction transparency before signing, helping users detect malicious transactions and automatically reject them, thus improving end-user security and UX.
For developers, Aptos streamlines smart contract development through Move, which introduces a new type of digital object that can be passed as arguments and returned by functions, making smart contract interactions more efficient and preventing issues like dangling references and memory leaks. The Move Prover, a formal verifier, also allows developers to verify their code before deployment, ensuring it behaves as intended in a live environment.
Blockchain transactions can be processed sequentially or in parallel (simultaneously) Aptos uses 'parallel execution' - a concept inspired by Solana's sealevel runtime - to improve performance.
It achieves parallel processing through its Block-STM execution engine, which allows transactions to be processed in parallel as long as there are no conflicts in data or accounts. Transactions are processed in batches, and invalid batches are re-executed after validation. This allows developers to build products that process multiple transactions at once, enabling scalability on a single chain.
Aptos has achieved over 170,000 transactions per second (TPS) in experiments, which is much faster than Ethereum's 30 TPS and Solana’s 10,000 TPS.
Aptos also has a modular transaction lifecycle, where broadcasting, block metadata ordering, and batching storage occur separately and concurrently, leveraging available computing resources for parallel execution. Additionally, the consensus phase is separate from transaction dissemination and execution, reducing bandwidth requirements and improving scalability.
Unlike most other PoS networks, there is a maximum stake limit in Aptos to prevent centralization of voting power. Staking in Aptos involves three personas: owner, operator, and voter. The owner owns the funds, the operator performs validation, and the voter participates in governance. Validators take turns proposing new blocks and earn rewards based on their reputation. Epochs, which are time intervals on Aptos, dictate events like reward payment and lock-up periods. Parameters like stake limits and epochs are subject to on-chain governance by the Aptos community.
How Proposals are made and resolved:
APT can be delegated to Chorus One delegation pool
Current Inflation Rate: 8%
Current Staking APR: 6.65%
For any other questions, reach out to staking@chorus.one.
Website: https://aptoslabs.com/
Twitter: https://twitter.com/aptoslabs
GitHub: https://github.com/aptos-labs/aptos-core/
Docs: https://aptos.dev/
Forum: https://forum.aptoslabs.com/
Whitepaper: https://github.com/aptos-labs/aptos-core/blob/main/developer-docs-site/static/papers/whitepaper.pdf
Explorer: https://explorer.aptoslabs.com/
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.
We’re very excited to announce that Chorus One is live on the Onomy Network!
Onomy Protocol is pioneering a harmonious connection between traditional financial markets and the DeFi landscape - two worlds that have remained largely disjointed - by creating a vertically-integrated ecosystem that emulates the familiarity of centralised exchanges but retains the decentralised ethos of Web3, Onomy will be presented to end-users in a digestible, retail-friendly ‘fintech shell’ whose backroom engine smoothens the transition from CeFi to DeFi for retail and institutions alike.
Leveraging a Cosmos-based layer-1, a hybrid DEX, bridge hub, stablecoin issuance protocol, and additional contributions built on the ecosystem, Onomy is creating the perfect conditions for Forex markets to thrive on-chain.
The Onomy Network is a Proof-of-Stake blockchain constructed using the Cosmos SDK framework, which enables it to achieve scalability by leveraging the infrastructure supported by a network of institutional validators, like Chorus One.
With a block time of just five seconds, and its high throughput, low latency, and low fees features, the Onomy network is made to be ideal for financial transactions.
Onomy Exchange (ONEX)
Supporting various order types, including limit, market, conditional, and stop-loss orders, the Onomy Exchange (ONEX) stands out as a unique hybrid, multi-chain decentralised exchange (DEX) on which traders can buy and sell cross-chain through an order book with no trading fees incurred, whilst liquidity providers can get involved and earn rewards from the AMM running in the back-end.
This empowers users to trade both crypto and Forex pairs effortlessly while also offering cross-chain trading, advanced charting, and more.
“The Hybrid DEX combines the importance and familiarity of order books while retaining the flexibility and security of AMMs.” - Lalo Bazzi, Co-founder, Onomy Protocol
Essentially, ONEX aims to provide a high-volume trading experience similar to that of traditional centralised exchanges (CEX), but in a decentralised and non-custodial manner on the blockchain.
The Network powers the Onomy Arc Bridge Hub, a cross-chain transfer solution that integrates inter-blockchain communication (IBC) and allows users to easily traverse between prominent blockchains both within and beyond the Cosmos ecosystem, such as Near, Avalanche, Polygon, Ethereum, Neon, etc. Additionally, the Arc Bridge solves the issue of approving multiple cross-bridge transactions by reducing it to a single approval, making the user experience significantly simpler.
Onomy Reserve (ORES) is the linchpin of the ecosystem and the fundamental driver behind Onomy’s core long term mission. A decentralised reserve bank, the ORES will provide on-chain minting of stablecoins, or denominations (Denoms) of fiat currencies.
The goal is to create a trusted, decentralised system through which national currencies can be exchanged at speed on-chain and with broader integration with the wider DeFi ecosystem and the advantages composable finance brings and the efficiencies it entails for this titanic, $7 trillion per day market. The ORES will function as a gateway for liquidity across all integrated blockchains and will support multiple national currencies, with the native $NOM coin playing a key role.
$NOM is Onomy’s native network and governance token. It’s used by validators (like Chorus One) and their delegators to secure the proof-of-stake blockchain, but also to cover transaction fees, and vote on governance proposals in the Onomy DAO which manages the on-chain treasury with no centralised control. $NOM will have a key role to play in the Onomy Reserve as highlighted in the Onomy Improvement Proposals, with additional utility to be voted on by the DAO.
For crypto’s next great wave of adoption to occur, access to crypto needs to be easier, faster, and more intuitive - while also continuing to lay the scaffolding for a decentralised financial system that works entirely on-chain. Onomy is that convergence point.
Powered by a strong team of crypto natives and backed by prominent crypto investors among the likes of Chorus One, Bitfinex, UDHC, GSR, DWF Labs, CMS Holdings LLC, and more. Onomy offers new possibilities for on-chain FX markets and broadens access to DeFi for the individual and institutional investor.
$NOM is already live for trading on Kucoin, Bitfinex, Gate.io and MEXC.
Onomy will unlock DeFi for the masses, and Chorus One is thrilled to be part of the journey.
Current Inflation Rate: approximately 90%
Current Staking APR: approximately 114%
Staking $NOM with Chorus is straightforward. Simply hold native $NOM on Cosmostation, Keplr or Leap, connect your wallet to the Onomy SuperApp, and stake $NOM with Chorus One.
For any other questions, reach out to 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. We are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.
We’re very excited to announce that Chorus One is now live on the KYVE Network mainnet.
Kyve aims to revolutionize customized access to on- and off-chain data by providing fast and easy tooling for decentralized data validation, immutability, and retrieval. With these tools, developers, data engineers, and others can easily and reliably access the trustless data they need in order to continue building the future of Web3.
It is a PoS blockchain built with the Cosmos SDK. It has two layers: the Chain Layer and the Protocol Layer, each with its own node infrastructure.
The protocol layer nodes are responsible for collecting data from a data source, bundling and uploading it to any decentralized storage solution, and then validating it, keeping track of which data is truly valid for its users to tap into. This enables KYVE to store any data permanently and in a decentralized manner, creating a Web3 data lake.
Via KYVE, developers first input the desired endpoint from which they would like to fetch data and then fund a pool with $KYVE. Node runners wanting to participate in the protocol will be the ones fetching, bundling, storing, and validating the data to earn $KYVE rewards.
Data pipeline is another way of using KYVE. Through a non-code solution, KYVE data can be imported into any data source supported by Airbyte within just a few clicks. Since KYVE fetches raw data, it allows you to transform it to best fit your use case.
John Letey, Kyve’s co-founder & CTO, joined our podcast and told everything you need to know about Kyve, including some fun facts: John wrote his first program in C++ when he was only 8 years old.
At genesis, inflation was disabled. A governance proposal is currently being voted on to activate inflation with default parameters that were calculated considering the staking ratio at genesis. The goal is to reach an APY of 20%, a reference value influenced by other Cosmos networks.
The project is backed by multiple relevant foundations such as Near, Solana, and Avalanche, to name a few.
To know more about staking $KYVE with Chorus One, click here
About Chorus One
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 35+ 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.
For more information, please visit chorus.one
We are excited to announce that we have onboarded Gnosis Chain as validators. Gnosis is one of the first Ethereum sidechains in existence and has kept close to its values from inception. Gnosis Chain is EVM-based and secured by over 100k validators around the world. It hosts a very diverse validator set and it is propped up by the community governance of GnosisDAO to ensure it remains credibly neutral at a much lower price point than Ethereum mainnet. It powers an ecosystem of DApps including POAP (Proof of Attendance Protocol, the original NFT protocol), Dark Forest (a fully decentralized strategy game, built with zkSNARK technology), Giveth (public goods, peer-to-peer direct funding platform), and much more.
Gnosis has a long history of working alongside Ethereum, although Gnosis Chain is technically a new blockchain. It first specialized in prediction markets, decentralized exchanges, and wallet solutions, and joined expertise with xDAI Chain in 2021 to provide fast and inexpensive transactions. This newer chain has some great features including a block time of 5 seconds (making it ideal for everyday payments), a native stablecoin, a low-fee system (gas fees cost .01 xDAI per 500 transactions), Ethereum compatibility/interoperability, and much more. Gnosis Chain already successfully went through its Merge upgrade and on December 08, 2021, became a full Proof-of-Stake network.
Gnosis Chain runs on a dual-token framework: xDAI, which is a wrapped version of MakerDAO’s algorithmic stablecoin DAI, is the payment coin of the network. By using a stablecoin for payments and calculating gas in xDAI, Gnosis Chain can keep fees extremely low. On the other side, GNO is the staking and governance token for GnosisDAO, allowing validators and delegators to secure the chain. Currently, there are 342k GNO staked for on-chain voting, making Gnosis Chain the third most decentralized blockchain after Bitcoin and Ethereum. Chorus One is thrilled to support Gnosis Chain in our quest to expand the PoS economy.
Block Explorer: https://gnosisscan.io/
Validating Rights: The minimum requirement to run a validator is 32 mGNO (1 GNO). Gnosis follows Ethereum’s Proof-of-Stake rewards system. You can learn more here.
Staking yield: 15.78%
Slashing: Staked tokens are subject to slashing.
To stake GNO or to set up a whitelabel validator, reach out to sales@chorus.one
The MEV supply chain is critical to the future performance and business models of the Solana network. Solana is in a phase of actively searching for, and ultimately choosing its MEV supply chain. One approach is to replicate the model established on Ethereum, building a searching and block-building marketplace. This path has multiple downsides, such as artificially introducing a global mempool that would increase Solana’s latency, and may also increase the risk of centralization and censorship.
We’re happy to announce that Chorus One has released a whitepaper today where we contrast the most relevant characteristics of Ethereum and Solana; review some of the features of the block-building marketplace model, i.e “flashbots-like model”, and what retrofitting it onto Solana would entail.
Given the particularities of Solana, we also propose an alternative to the block-building marketplace: the solana-mev client. This model allows for decentralized extraction by validators, through a modified Solana validator client, capable of handling MEV opportunities directly in the banking stage of the validator. Along with the whitepaper, Chorus One is also releasing an open-source prototype implementation of the approach detailed inside the whitepaper itself.
The client can be run by any validator. Even small validators or those with no specific expertise can benefit from MEV rewards by choosing to run the solana-mev client. That means the validators will be able to execute MEV strategies as they appear in their slot, in contrast with the current competitive aspect of searching, which results in a few winner bots extracting the value.
The model shrinks the incentive for independent bots to spam the network which ultimately contributes to episodes of intense traffic, as most of them send transactions targeting the same MEV opportunities.
Given that not all MEV strategies can be implemented inside the validator, independent searchers will continue to play a relevant role in the MEV space on Solana. That is guaranteed by their advantage of quickly building and updating sophisticated strategies, as well as expanding their focus to newly deployed programs and pools. This includes long-tail MEV.
In summary, the MEV client enables permissionless and decentralized extraction that benefits the ecosystem through transparent and ethical strategies, as well as increased financial returns for network participants.
For a comprehensive overview of the motivations and the model, please refer to the whitepaper here.
Climate change is not a new phenomenon and no country is spared from its pangs. Governments & institutions have been slow in tackling it and the results are for everyone to see. The devastating hurricanes in the Atlantic, the extended droughts in the West, and the horrific floods in South Asia are all examples of the increased intensity of natural disasters due to climate change. Though there has been a gamut of initiatives that have promised to fight climate change, one of the most promising ways has been the use of carbon credits.
Carbon credits are a type of environmental commodity or certificate that companies and individuals can trade that represent carbon dioxide that’s kept out of the atmosphere by some act of conservation like reforestation. By putting a price on carbon emissions, carbon credits can help to internalize the costs of climate change and encourage businesses and individuals to find ways to reduce their emissions. Additionally, carbon credits can be traded on a market, which allows for the flexibility to find the lowest-cost emissions reductions and to reward those who are able to achieve the largest reductions. But the carbon credit market has long suffered from issues like lack of transparency, double counting, and/or creative accounting.
Tokenizing these carbon credits on the blockchain is obviously a better solution since the credits can’t be sold/traded once they’re retired, the data is publicly verifiable, and immutable too. That’s why Chorus One collaborated with Regen Network, a platform that originates digital carbon assets unlocking regenerative finance in the world of web3 to offset our carbon footprint for the years 2021 and 2020. We run and operate nodes for Proof-of-Stake networks that are extremely energy-efficient compared to, say, Bitcoin, but that’s not the end of it. We calculated our approximate CO2 emissions for the last 2 years by estimating our team’s device usage, travel to company retreats and conferences, emissions by the data centers we utilize, etc.
This also contributes to the Cosmos ZERO Carbon Campaign, an Interchain Foundation initiative for the entire Cosmos ecosystem to achieve net-zero carbon emissions for their network validator node infrastructure and operations.
CosmosZERO is the first all-ecosystem governance process, and not only keeps Cosmos at the cutting edge of competitive advantage with protocol governance leading the way across the ecosystem to offset our carbon but also is helping usher into the IBC ecosystem the new asset class of interchain carbon credits, which many believe will be uncorrelated with the crypto cycles —
Gregory Landua, Co-founder, Regen Network
We arrived at a total of 130 tons and used the Regen Marketplace to retire an equivalent amount of CO2 via The Mai Ndombe REDD+ Project and The Kasigau Corridor REDD Project. Regen Marketplace was recently launched and allows individuals and institutions to buy, sell, and retire on-chain ecological assets in a few clicks. You can view Chorus One’s portfolio of retired eco credits here.
We hope to encourage more organizations to retire their carbon offsets on-chain. At the end of the day, we have to remember that this planet is the only one we have and we have to do our part to protect it.
We are excited to announce that we have onboarded XPLA network as validators. XPLA (“Explore and Play”) is a proof-of-stake, Cosmos-based, gaming-specific L1 developed by Metamagnet in collaboration with its primary partner, the Com2uS Group, one of Korea’s leading public gaming companies. C2X, a blockchain gaming platform, was also created by Metamagnet. While C2X will remain as a gaming platform, XPLA intends to be a gaming mainnet that serves as a center for any third-party studio to make games and create media content. Game developers can quickly transition their Web2 creations to Web3 using the XPLA SDK.
With the advent of the Blockchain industry, applications that use NFTs have taken over the planet, some of which are money grabs and, in the worst instances, frauds. Because of these uses, the NFT market may pose significant dangers to both users and investors. The XPLA chain was created to address these issues and to establish the benchmark for the long-term, sustainable development of blockchain applications. XPLA chain is designed to be a platform that may embrace the blockchain media content ecosystem, with a focus on gaming, content, and entertainment that will continue to progress in the future.
Tendermint serves as the basis for XPLA, also powered by the Cosmos SDK and a PoS algorithm. The XPLA chain is designed to support not just the Cosmos ecosystem but also the Ethereum Virtual Machine (EVM), which will boost XPLA chain ecosystem usage by enabling Ethereum-based blockchain and dApps. Validators like Chorus One operate full nodes, contribute to consensus via vote broadcasting, validate new blocks on the blockchain, and participate in blockchain governance. Validators may vote on behalf of delegators, and their voting power is weighted according to the total amount staked. The validators and delegators will earn a portion of the transaction fee as compensation for new block verification and will participate in the mainnet operation with the shared objective of developing the ecosystem by managing the mainnet node. The top 130 validators enter the active set.
Validating Rights: The weight of validators is determined by the amount of staking tokens bonded as collateral.
Token distribution: The maximum supply is $2Bn XPLA tokens. Refer to the whitepaper for a detailed overview of the tokenomics.
Inflation rate: 0%
Slashing: Pledged tokens can be slashed.
Chorus One Commission: 7.5%
Re-Staking: You need to withdraw rewards and re-stake them with some frequency if you want to make use of compounding returns hence additional delegation is needed for compounding.
