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News
Chorus One launches OPUS: A multi-chain staking solution
A multi-chain staking solution for institutions.
October 12, 2022
5 min read

“Sometimes a bull market, sometimes a bear market, always a builder’s market” — Sahil Lavingia

Chorus One was incorporated in 2018 when Proof-of-Stake was still in its nascency. But as all of us have seen, it’s now proven to be more secure, decentralized, and energy-efficient than Proof-of-Work. The maturity and adoption of PoS brought in increasing institutional interest as the low-risk profile of staking acted as a conducive entry point for many institutions who were testing the crypto waters. We covered more on this topic in an article some weeks back. Chorus One has been helping institutions get PoS exposure through our white-label and research services and today we’re extremely excited to announce the launch of OPUS — a multi-chain staking solution that will significantly speed up and scale an institution’s staking operations. The needs of any institution vary quite a bit and there aren’t many enterprise-ready staking solutions catering to them all. OPUS was designed after months of research and conversations with our existing clients and other crypto-friendly companies, keeping their needs at the center.

Why we launched OPUS -
  • The institutional needs have evolved from just wanting to stake their assets to having complete operations over their nodes. Fund managers today want to take up an active role in deploying more assets and/or having provisions of partial or full withdrawals at any point. In these situations, a flexible tool like OPUS is helpful as there’s no practical need for human intervention from the staking provider.
  • Staking shouldn’t be a complicated exercise hence OPUS allows institutions to get started just within a few clicks. The assets are backed by Chorus One’s secure infrastructure with 24*7 supervision from our team.
  • Institutions have to take a lot more into consideration than just the network/token of their interest. Right from their compliances, geography-specific needs, security standards, reward mechanisms to network insights — every element requires careful deliberation. OPUS is meant to be a singular solution for these points as it is compliant, secure, and scalable.
  • A multi-chain world shouldn’t need multiple tools which is why OPUS is designed to be chain-agnostic. Users can use one interface to interact with all compatible chains.

“Cryptoassets are becoming an integral part of the world’s financial system. They open the possibility for a more efficient and innovative economy. Staking cryptoassets allows participating in this revolution and earning strong returns with minimal risks. At Chorus One, we are grateful to be able to support institutions of all kinds to safely and effectively participate in the Proof-of-Stake economy.” — Brian Crain, Co-Founder and CEO, Chorus One

OPUS also follows industry-leading security standards and access to MEV rewards, the latter now being an important factor post the Merge. Here’s a quick overview of OPUS’ primary features -

SECURITY & RISK MANAGEMENT

Security is of paramount importance and one that’s non-negotiable. Hence, OPUS follows a range of security practices like authorizations/authentications using Open ID Connect (OIDC), double signing protection to prevent losses, and all private keys being stored in FIPS 140–2 compliant vaults. OPUS is also non-custodial meaning customers remain the sole possessors of withdrawal keys.

SETUP & INFRASTRUCTURE

Every client would have a dedicated infrastructure with multi-region redundancy that would also allow them to increase or decrease validators as and when required, depending on the protocol. This is also supervised round-the-clock by our DevOps team for issues and real-time updates can be enabled on Telegram or Slack.

UNIVERSAL APPLICABILITY

OPUS is designed to be chain-agnostic. Starting first with Ethereum, this will soon expand to other networks so you can use the same interface to interact with multiple networks.

MEV REWARDS

MEV-Boost queries and outsources block-building to a network of block builders. The validators that run MEV-Boost on their nodes will earn maximum rewards that then increase the rewards of all OPUS users too. Since the rewards generated by the non-MEV-Boost validators would be substantially lower, it would be prudent for institutions to partner with solutions that already enable MEV rewards.

That’s not all. We have many exciting features in the pipeline that will be rolled out in the next few weeks. If you’re interested in exploring OPUS and knowing more, drop an email to staking@chorus.one

News
Omni x Chorus One Q&A and how to choose the right validator
Highlights from our 50-minute long Q&A on Twitter Spaces with Steakwallet-rebranded Omni, the Web3 wallet for all.
October 3, 2022
5 min read

In September, we hosted Steakwallet-rebranded Omni in the first episode of our monthly Twitter Spaces series. Below are highlights of the 50-minute long Q&A, featuring Omni’s CEO Serafin Lion Engel, CTO Alex Harley, and Chorus One’s CCO Felix Lutsch as we explored the unique features of the Omni wallet and how to choose the right validator.

Q: Serafin and Alex, why don’t you first start with an introduction to Omni?

A: So Omni is what we like to call the next generation of wallet that makes using Web3 as easy as ever. It’s basically your one-stop shop for everything Web3. It’s a wallet where you can do anything you need to do in order to use Web3 all in one place and it’s fully self-custodial. So anything, from staking to liquid staking, to depositing, to yield vaults, or onto lending protocols like Aave to multi-chain NFT support, and now alternative bridges and swaps. You can hook up your Ledger… We support more than 25 protocols at this point, all major EVMs, non-EVMs, and Layer 2s alike. There’s a lot of heavy lifting going on under the hood in order to make it as seamless as it is, but we’re very proud of our UX. We think that’s really what differentiates us and we think it’s a very next generation experience for a multi-chain ecosystem. Yeah, that’s only in a nutshell.

Q: Alex, what are some of the other features on the app that folks right now must not be using or must not be knowing about?

A: So with this Omni release, we really chose features that we felt were very important to UX, to rally around. So obviously, there was a lot of work over the last few months getting this [Steakwallet] rebrand out the door, but we wanted to make sure it wasn’t just a rebrand and that it would be a totally new wallet experience too. I would say, in my opinion, the biggest feature we added was the ability to do trustless and non-custodial swaps and bridges. So we partnered up with DEX and bridge aggregators across a range of different networks to allow people to easily swap and trade assets from inside Omni. We view this as a key unlocker for users. One of the main problems we had for Steakwallet users, previously, is that we had all these amazing opportunities for things to do like depositing into Yearn or seamless staking. But if they had one asset, say FTM on Phantom but we had something amazing going on Polygon, it was impossible for them to actually access that. So adding that in the app for us is a total game changer right now, because we have this whole concept of exploring networks.

We have a dedicated Content Team in-house to bring the latest and greatest of each network right to your home screen. Now people can see something fun to do or interesting like a cool APY or something and swap from an asset they actually have to get to that. Right now, we’ve partnered with three different aggregators and we’ll be adding more in the coming months. Bespoke networks like Tezos, NEAR and some other L2s are coming up; people will be able to jump to those straight from their wallet.

The second thing we added was our Ledger support. And we’re pretty proud of this because we have total feature parity for every network. So you can actually use your Ledger with every network we support. You can even use it for wallet connect applications. So you can vote on snapshot for example, which is quite cool, via Omni wallet. And then the third and final big feature we added was our multi validator support. Historically, we just wanted to offer people what we perceived as like the best yield for a token.

And as we went down this journey, we found that there are many yields. For individual tokens, you can lend Aave on USDC, or you can deposit into Yearn, for example. Or maybe a better example is Proof-of-Stake gas tokens: You can often stake them. You can also lend them. So part of expanding the capabilities of any one token was of course diversifying yield opportunities, but also diversifying who you can stake with. We didn’t want to be so opinionated and force people to stake with our specific validator of choice. On Omni today, you can choose who you want to stake with. And of course, we show you all the information like voting weight and this kind of stuff so you can make educated decisions.

Q: We briefly spoke about the providers that you work with. So you have a bridging provider and you also mentioned Yearn, Aave, and also the multi-validator support. If someone is on Omni right now, they can choose the list of validators they want to stake with. Was that a conscious choice to provide a list of validators? How did you guys plan that out on Omni?

A: Yes, that was a conscious choice. We originally started with one trusted partner and we just got so much inbound interest. Same with these other features I mentioned — like the Ledger support, the bridging and swapping support. We received a ton of user feedback that these would be great features to add. Again, same with the multi validators stuff. We did not want to be so heavy-handed and force users to choose one validator. It’s a great thing from a network security perspective. People want to balance their stake for personal security in case of slashing events. For network security, we don’t want to stake too heavily with a single validator.

Now that we have this multi-validator feature, our setup is such that we still present to users an opinionated list of high quality validators, especially on certain networks. Phantom comes to mind, where there’s basically 100% slashing risk for delegated funds, and that’s not a position that we want to put users in where they could potentially, in the worst case, lose all of [their funds]. So we basically partner with validators who have slashing insurance. We want to recommend validators we feel are of high quality in this space, while also giving users, at the end of the day, the absolute choice so they can delegate to who they feel strongly for.

We don’t want to be a centralizing force in the Web3 stack and we want to give users as much choice as possible. So we always have safe defaults that we set that we think are maximizing safety and convenience, but also have a positive offset for the space at large.

Q: Right. Even from the perspective of decentralization, it’s very important to not have a single point or a single recommended validator for any particular service — which is why you also have this question of centralization and Proof-of-Stake and whatnot. Felix, what are the most important factors that a user may think of when they choose to stay with a particular validator? Is it the brand name? The security they offer? The community they have around them? What do you think is the most important factor?

A: I think there’s a lot of things that you could look at as a user if you’re looking at a validator. There are also different kinds of customer profiles depending on what you are interested in. You might choose your validator just based on that. Security is one. Say, you want to make sure your funds are safe, you would want to make sure the team that is running the validator has a secure setup — such as using different data centers, using state-of-the-art infrastructure. Of course, that might also not be that easy for you to figure out as a simple retail user. What people tend to do is to look at the track record of a validator: how have they performed on other networks or in the past? What other networks do they support? Who is working with them? By simply looking at a validator’s website, you can usually get a bunch of the information. I think many are also just driven by the brand — whatever that means. That can mean a lot of things for different people.

Some validators might be more involved in the community, helping you understand a bit more about the staking model of the network. Or, they might do other things for the network’s community that you would appreciate — such as contributions in terms of research, looking at what’s happening in the network, just keeping people up to date through a bunch of newsletters. There is deeper research on certain topics that might be of interest to you — be it MEV, liquid staking or whatever you’re interested in. Ultimately, one [of the ways a user may choose their validator] is because of the tool that the validator team is building. Open source stuff is often hard to fund, obviously because it’s open source and there’s maybe no business model attached to it. The validator can be a good party to build these kinds of things and have the business model around the delegations that it’s getting.

Sometimes, validators contribute to the code base of the network or build block explorers or other tools that help developers or users really interact with the network. So if you’re someone that has tokens, it makes sense for you to look at who you think contributes most to the network’s ecosystem at large and the adoption of it. Delegate to them and, ideally, also delegate to multiple validators if it’s possible [for security].

NB: This article is an abridged version of the conversation between Chorus One and Omni. For the full conversation, replay the Twitter Space here.
MEV
News
Chorus One announces MEV-Boost support
The Ethereum Merge is one of crypto’s most anticipated events.
August 12, 2022
5 min read

The Ethereum Merge is one of the most anticipated events in crypto history.

The transition, meant to take Ethereum from its current Proof-of-Work consensus mechanism to a Proof-of-Stake model, has been in the works since Ethereum’s inception. However, it took its first step in December 2020, when the Beacon Chain was successfully launched. And now, with the consensus mechanism running unimpeded for a year and a half and over 13 million staked ETH, developers feel confident enough to move to the second step. This requires joining the consensus layer of the Beacon Chain with the execution state of the main Ethereum chain, the process known as “the Merge”.

This new era to the Ethereum protocol brings better security, greater energy efficiency, and sets the stage for future scaling efforts meant to take Ethereum to the moon.

Chorus One prepares for the Merge

Chorus One has been closely following the development efforts to bring Proof-of-Stake Ethereum to reality. As a trusted staking provider in the ecosystem, we are participating in testing the Merge at this critical point with our Prater/Goerli nodes ready for transition. We are particularly aware of the risks associated with such a significant change of operations in a blockchain that has captured a major part of the economic activity in the crypto ecosystem. For that reason, our goal remains to support decentralised networks to promote the security and availability of our services, and to increase the rewards of our clients under such a standard.

As we think of the future for both our operations in the Ethereum ecosystem and the existential threats that can compromise the integrity and stability of the network, we have devoted a lot of effort into understanding MEV and clarifying our position towards it.

MEV-Boost

On our path to support a more decentralised, democratic and fair distribution of MEV rewards for our stakers, we would like to announce our support for MEV-Boost.

Although MEV continues to be a controversial and cutting-edge space for research, we believe that this can be an interim solution as we wait for more sophisticated in-protocol upgrades. On a high level, MEV-Boost is an implementation of proposer-builder separation (PBS) built by the Flashbots team for Proof-of-Stake Ethereum. As a free, open-source and neutral software, we believe it embraces the values of the Ethereum community and can be a valuable asset for all validators, big or small.

Why run MEV-Boost

By participating in the fair extraction of MEV, we believe we are unlocking the real value of the networks we support, as well as increasing the value of staking to promote higher rates of participation, and an increase in the security of the PoS protocol.

As staking providers, running MEV-Boost allows us to maximize the staking rewards of our clients while protecting Ethereum decentralization, with an estimated increase of 60% in the rewards we can share.

Unlike previous Flashbots’ offerings, this software is compatible with all client implementations of the Ethereum protocol, making it a big step towards further client diversity, a topic that has been the subject of research at Chorus One in the past year.

Finally, we are committed to evaluate and continue to monitor different approaches to our MEV implementations, and to the risks of single-relay and single-block producers, working with different teams to find the most balanced system. Fair MEV extraction continues to be something we iterate on going forward.

The way forward

In the coming days we will be getting ready to test MEV-Boost on our Goerli infrastructure to best prepare in time for the mainnet Merge. We have been working closely with Flashbots and collaborating with other node operators to ensure that the product is ready and tested by the time it goes live.

MEV is an inevitable part of participating, not only on blockchains, but in all ordered economic systems. Our intent is to be responsible participants of Ethereum and beyond, with MEV research spanning Solana and Cosmos, there is more to come. For the time being, follow our node readiness for MEV-Boost here.

About Chorus One

Chorus One is one of the largest staking providers globally. We provide node infrastructure and closely work with over 30 Proof-of-Stake networks.

Website: https://chorus.one
Twitter: https://twitter.com/chorusone
Telegram: https://t.me/chorusone
Newsletter: https://substack.chorusone.com
YouTube: https://www.youtube.com/c/ChorusOne

News
Crypto Events Chorus One will be attending in 2022
A busy few months indeed.
July 29, 2022
5 min read

The second half of the year 2022 is looking busy for event planners in the crypto sphere, with major conferences lined up as industry leaders gather to push through the development of the ecosystem and the agenda for the mass adoption of cryptocurrencies and web3.

Whilst we, at Chorus One, continue to build projects for the rapid expansion of the industry, we’ve also allocated some key dates on our calendar to attend major crypto events. Here is a series of gatherings you can find us at from August till the rest of the year 2022:

July, August & September — Chorus One in Asia

All is set for August to start on a high for us here, as Business Development Manager Alex Bentley represents Chorus One as a speaker at four different events during Asia’s biggest crypto festival — the Korea Blockchain Week.

It all begins with the HackAtom closing off the month of July 2022. This intense 72-hour window is packed with a series of competitions between South Korea’s best hackers around interoperability, Interchain Security, Cosmos SDK, CosmWasm, and Solidity. The HackAtom Prize Pool at stake? No less than $100K in ATOM, $100K in OSMO, $100k in JUNO, and $100k in EVMOS. Alex Bentley will be speaking on the 20-minute HackAtom panel about “Validating the Interchain” slated for 12:40pm local time / 5:40am CET on Sunday, July 31st.

Catch his talk about MEV on Solana from 3:00pm local time / 8:00am CET on Thursday, Aug 4th as BUIDL Asia returns in style, three years after the last edition. The event unites tech businesses, communities, and developers from around the world at the SOFITEL Ambassador Seoul Hotel on August 4th and 5th. Pass by the Solana Hacker House from August 3–7 and make a stop at the Grand Intercontinental Seoul Parnas during the Korea Blockchain Week between August 7–14 to connect with us.

He also graces Stage Busan as a speaker in a much-anticipated panel: “The Wayaheads for Web 3 governance”. The discussion will be alongside Chainflow’s Othman Gbadamassi and Stakefish’s Teddy Knox as a41’s Steve Kim will be moderating the session. The kick-off for this 30-minute panel talk is scheduled for 4:30pm local time / 9:30am CET on Monday, August 8th.

In the third week of September, Chorus One graces Buidl Vietnam with speaker Alex Bentley participating in two panels in between which audiences will be treated to his presentation on what really is MEV and why we should care.

Schedule recap to catch Chorus One in Seoul, Korea:

  • Jul 29-Jul 31: HackAtom | “Validating the Interchain” panel with speaker Alex Bentley at 12:40pm-1:00pm local time / 5:40am-6:00am CET, July 31, 2022
  • Aug 4–5: BUIDL Asia | “Solana MEV” with speaker Alex Bentley at 3:00pm-3:30pm local time / 8:00–8:30am CET, August 4, 2022
  • Aug 3–7: Solana Hacker House | “The Wayaheads for Web3 governance” with speaker Alex Bentley at 4:30pm-4:55pm local time / 9:30am-9:55am CET, August 8, 2022
  • Aug 7–14: Korea Blockchain Week
  • Buidl Vietnam Day 1 | “Cross-chain Interoperability Protocols” at 2:30pm-3:00pm local time/9:30pm-10:00am CEST, September 23.
  • Buidl Vietnam Day 2 | “MEV: what is it, and why you should care” at 1:30pm-2:00pm local time/8:30am-9:00am CEST, September 24.
  • Buidl Vietnam Day 2 | “The State of DeFi ecosystems in Asia” at 2:30pm-3:10pm local time/9:30am-10:10am CEST, September 24.

September 2022 — Chorus One in North America

Urbit Assembly — Sep 22 to 25

All roads lead to Miami Beach for the second edition of Urbit Assembly as New World Energy’s ecosystem gets unveiled. Beach parties aside, the four-day event will revolve around developer workshops, product exhibitions, as well as high-level panel discussions and presentations leading personalities in Tech, with the likes of Uqbar Network, Holium, and Tlon CEOs all expected to be in attendance alongside CEO Brian Crain and Research & Ventures Lead Xavier Meegan.

Brian is set to step onto the Galaxy Stage together with Lane Rettig, Jake Brukhman and Matt Condon to break down “Blockchain’s killer app problem and how Urbit fixes this”.

Nice to read: Why Web3 needs Urbit

We believe in Urbit’s mission to radically transform the infrastructure of the computing stack and potentially become the computing platform of the future. Our company is currently hiring System Engineers specialized in Urbit’s kernel and OS with the aim to scale up its hosting solutions.

See: Job Opening — Systems Engineer (Urbit)

Schedule recap to catch Chorus One in Miami Beach, Florida:

  • Urbit Assembly | “Blockchain’s killer app problem and how Urbit fixes this” at 1:30pm-2:30pm local time / 7:30pm-8:30pm CET on Sunday, September 25.

Mainnet 2022 — Sep 21 to 23

Cryptocurrency and Web3 market intelligence provider Messari is, this year, hosting its annual summit in New York from September 21–23 with co-founders of Dune Analytics and Osmosis Labs among others part of the robust line-up of speakers. We’re excited to announce our attendance at this Mainnet 2022 event. Chorus One’s Luis Clavijo Nuñez will be looking forward to connect with you.

September & October — Chorus One in South America

Cosmoverse in Medellin — Sep 26 to 28

Six of us will be representing Chorus One in Medellin, Colombia at the Cosmoverse 2022 conference this September.

Join us in Latin America’s tech hub-in-the-making, Medellin, as we drive the Cosmos Ecosystem towards its goal to expand in terms of awareness and education. With general admissions tickets sold out, follow Chorus One’s participation via our Twitter page @ChorusOne.

Interchain Travel happens on September 27th with the promise to enjoy “a blast through the Interchain and beyond”. Felix will join the conversation on “Global communities and multi-chain ecosystems” with Epicenter Podcast’s Sebastien Couture, Neutron’s Spaydh, and Interchain FM’s Chjango Unchained completing the panel’s set-up.

For the lucky ticket holders, this community-centered Cosmos event will be an opportunity to network with our team, namely:

You’ll have the chance to engage with the above while learning more about Cosmos SDK, CosmWasm, Inter-Blockchain Communication Protocol, and what’s new in the interchain.

Schedule recap to catch Chorus One in Medellin, Colombia:

  • Interchain Travel | “Global communities and multi-chain ecosystems” at 8:10pm-8:40pm local time (September 27) / 3:10am-3:30am CET (September 28).

Devcon 6 in Bogota — Oct 11 to 14

In the second week of October, Chorus One’s girl power will be showcased in full force with research duo Gabriella Sofia and Thalita Franklin exploring all things Ethereum at the Agora Bogotá Convention Centre.

Discount Ticket Applications are currently open to builders, students, and teachers, while volunteers may apply for a free pass. Meanwhile, up to 50 underprivileged individuals with the potential to impact Ethereum’s future will have the opportunity to participate in the conference through the Devcon Scholars Program. Apply here before August 1, 2022.

Devcon is the main event taking place during the Devcon Week which begins with ETHBogota Hackathon (Oct 7–9), continues with ETHLatam @ Bogota (Oct 10), and ends with the Community Co-working Space (Oct 15–16) and the Schelling point (Oct 17).

Details on the topics to be revealed in due time.

Schedule recap to catch Chorus One in Bogota, Colombia:

  • To be announced

September, October & November — Chorus One in Europe

NEARCON Lisbon — Sep 11 to 14

Link up with Chorus One’s Chief Executive Officer Brian Crain and Chief Commercial Officer Felix Lutsch at Near Protocol’s flagship event, NEARCON.

Happening at Cais da Viscondessa in Portugal’s capital, the event will be marked by the IRL hackaton comprising 200+ hackers, and an agenda crafted around four main tracks as developers and builders, entrepreneurs and business developers, creators, as well as regulators come together in a bid to sustainably take a leap from Web2 to Web3.

ETH Lisbon — Oct 28 to 30

After making appearances in Asia, North America, and Latin America, we’ll close the year with two events happening in Europe’s crypto capital, Portugal. The first one being ETH Lisbon where Chorus One’s Chief Commercial Officer, Felix Lutsch, will make a stop.

Solana Breakpoint II — Nov 4 to 7

There’s probably no better way for us to wrap up this marathon of crypto events in 2022 than by supporting the expansion of the Solana ecosystem through our participation at the Solana Breakpoint II.

Organized by the Solana Foundation and happening in Lisbon, it is estimated to draw some 4,500 attendees — including our very own reps led by CEO Brian Crain whose panel contribution on the topic of “State Layer: validators and infrastructure” is one to replay and study:

Details on the topics to be revealed in due time.

Schedule recap to catch Chorus One in Lisbon, Portugal:

  • To be announced

Bookmark this blog post and check back regularly for updates on Chorus One’s crypto events schedule. Reach out to any of our team members by shooting an email to sales@chorus.one

We read all our emails so we’ll get back to you, promise!

About Chorus One

Chorus One is one of the largest staking providers globally. We provide node infrastructure and closely work with over 30 Proof-of-Stake networks.

Website: https://chorus.one
Twitter: https://twitter.com/chorusone
Telegram: https://t.me/chorusone
Newsletter: https://substack.chorusone.com
YouTube: https://www.youtube.com/c/ChorusOne

News
Crypto events Chorus One is attending in 2022
The second half of the year 2022 is looking busy for event planners in the crypto sphere, with major conferences lined up as industry leaders gather to push through the development of the ecosystem and the agenda for the mass adoption of cryptocurrencies and web3.
July 29, 2022
5 min read

The second half of the year 2022 is looking busy for event planners in the crypto sphere, with major conferences lined up as industry leaders gather to push through the development of the ecosystem and the agenda for the mass adoption of cryptocurrencies and web3.

Whilst we, at Chorus One, continue to build projects for the rapid expansion of the industry, we’ve also allocated some key dates on our calendar to attend major crypto events. Here is a series of gatherings you can find us at from August till the rest of the year 2022:

July, August & September — Chorus One in Asia

All is set for August to start on a high for us here, as Business Development Manager Alex Bentley represents Chorus One as a speaker at four different events during Asia’s biggest crypto festival — the Korea Blockchain Week.

It all begins with the HackAtom closing off the month of July 2022. This intense 72-hour window is packed with a series of competitions between South Korea’s best hackers around interoperability, Interchain Security, Cosmos SDK, CosmWasm, and Solidity. The HackAtom Prize Pool at stake? No less than $100K in ATOM, $100K in OSMO, $100k in JUNO, and $100k in EVMOS. Alex Bentley will be speaking on the 20-minute HackAtom panel about “Validating the Interchain” slated for 12:40pm local time / 5:40am CET on Sunday, July 31st.

Catch his talk about MEV on Solana from 3:00pm local time / 8:00am CET on Thursday, Aug 4th as BUIDL Asia returns in style, three years after the last edition. The event unites tech businesses, communities, and developers from around the world at the SOFITEL Ambassador Seoul Hotel on August 4th and 5th. Pass by the Solana Hacker House from August 3–7 and make a stop at the Grand Intercontinental Seoul Parnas during the Korea Blockchain Week between August 7–14 to connect with us.

He also graces Stage Busan as a speaker in a much-anticipated panel: “The Wayaheads for Web 3 governance”. The discussion will be alongside Chainflow’s Othman Gbadamassi and Stakefish’s Teddy Knox as a41’s Steve Kim will be moderating the session. The kick-off for this 30-minute panel talk is scheduled for 4:30pm local time / 9:30am CET on Monday, August 8th.

In the third week of September, Chorus One graces Buidl Vietnam with speaker Alex Bentley participating in two panels in between which audiences will be treated to his presentation on what really is MEV and why we should care.

Schedule recap to catch Chorus One in Seoul, Korea:

  • Jul 29-Jul 31: HackAtom | “Validating the Interchain” panel with speaker Alex Bentley at 12:40pm-1:00pm local time / 5:40am-6:00am CET, July 31, 2022
  • Aug 4–5: BUIDL Asia | “Solana MEV” with speaker Alex Bentley at 3:00pm-3:30pm local time / 8:00–8:30am CET, August 4, 2022
  • Aug 3–7: Solana Hacker House | “The Wayaheads for Web3 governance” with speaker Alex Bentley at 4:30pm-4:55pm local time / 9:30am-9:55am CET, August 8, 2022
  • Aug 7–14: Korea Blockchain Week
  • Buidl Vietnam Day 1 | “Cross-chain Interoperability Protocols” at 2:30pm-3:00pm local time/9:30pm-10:00am CEST, September 23.
  • Buidl Vietnam Day 2 | “MEV: what is it, and why you should care” at 1:30pm-2:00pm local time/8:30am-9:00am CEST, September 24.
  • Buidl Vietnam Day 2 | “The State of DeFi ecosystems in Asia” at 2:30pm-3:10pm local time/9:30am-10:10am CEST, September 24.

September 2022 — Chorus One in North America

Urbit Assembly — Sep 22 to 25

All roads lead to Miami Beach for the second edition of Urbit Assembly as New World Energy’s ecosystem gets unveiled. Beach parties aside, the four-day event will revolve around developer workshops, product exhibitions, as well as high-level panel discussions and presentations leading personalities in Tech, with the likes of Uqbar Network, Holium, and Tlon CEOs all expected to be in attendance alongside CEO Brian Crain and Research & Ventures Lead Xavier Meegan.

Brian is set to step onto the Galaxy Stage together with Lane Rettig, Jake Brukhman and Matt Condon to break down “Blockchain’s killer app problem and how Urbit fixes this”.

Nice to read: Why Web3 needs Urbit

We believe in Urbit’s mission to radically transform the infrastructure of the computing stack and potentially become the computing platform of the future. Our company is currently hiring System Engineers specialized in Urbit’s kernel and OS with the aim to scale up its hosting solutions.

See: Job Opening — Systems Engineer (Urbit)

Schedule recap to catch Chorus One in Miami Beach, Florida:

  • Urbit Assembly | “Blockchain’s killer app problem and how Urbit fixes this” at 1:30pm-2:30pm local time / 7:30pm-8:30pm CET on Sunday, September 25.

Mainnet 2022 — Sep 21 to 23

Cryptocurrency and Web3 market intelligence provider Messari is, this year, hosting its annual summit in New York from September 21–23 with co-founders of Dune Analytics and Osmosis Labs among others part of the robust line-up of speakers. We’re excited to announce our attendance at this Mainnet 2022 event. Chorus One’s Luis Clavijo Nuñez will be looking forward to connect with you.

September & October — Chorus One in South America

Cosmoverse in Medellin — Sep 26 to 28

Six of us will be representing Chorus One in Medellin, Colombia at the Cosmoverse 2022 conference this September.

Join us in Latin America’s tech hub-in-the-making, Medellin, as we drive the Cosmos Ecosystem towards its goal to expand in terms of awareness and education. With general admissions tickets sold out, follow Chorus One’s participation via our Twitter page @ChorusOne.

Interchain Travel happens on September 27th with the promise to enjoy “a blast through the Interchain and beyond”. Felix will join the conversation on “Global communities and multi-chain ecosystems” with Epicenter Podcast’s Sebastien Couture, Neutron’s Spaydh, and Interchain FM’s Chjango Unchained completing the panel’s set-up.

For the lucky ticket holders, this community-centered Cosmos event will be an opportunity to network with our team, namely:

You’ll have the chance to engage with the above while learning more about Cosmos SDK, CosmWasm, Inter-Blockchain Communication Protocol, and what’s new in the interchain.

Schedule recap to catch Chorus One in Medellin, Colombia:

  • Interchain Travel | “Global communities and multi-chain ecosystems” at 8:10pm-8:40pm local time (September 27) / 3:10am-3:30am CET (September 28).

Devcon 6 in Bogota — Oct 11 to 14

In the second week of October, Chorus One’s girl power will be showcased in full force with research duo Gabriella Sofia and Thalita Franklin exploring all things Ethereum at the Agora Bogotá Convention Centre.

Discount Ticket Applications are currently open to builders, students, and teachers, while volunteers may apply for a free pass. Meanwhile, up to 50 underprivileged individuals with the potential to impact Ethereum’s future will have the opportunity to participate in the conference through the Devcon Scholars Program. Apply here before August 1, 2022.

Devcon is the main event taking place during the Devcon Week which begins with ETHBogota Hackathon (Oct 7–9), continues with ETHLatam @ Bogota (Oct 10), and ends with the Community Co-working Space (Oct 15–16) and the Schelling point (Oct 17).

Details on the topics to be revealed in due time.

Schedule recap to catch Chorus One in Bogota, Colombia:

  • To be announced

September, October & November — Chorus One in Europe

NEARCON Lisbon — Sep 11 to 14

Link up with Chorus One’s Chief Executive Officer Brian Crain and Chief Commercial Officer Felix Lutsch at Near Protocol’s flagship event, NEARCON.

Happening at Cais da Viscondessa in Portugal’s capital, the event will be marked by the IRL hackaton comprising 200+ hackers, and an agenda crafted around four main tracks as developers and builders, entrepreneurs and business developers, creators, as well as regulators come together in a bid to sustainably take a leap from Web2 to Web3.

ETH Lisbon — Oct 28 to 30

After making appearances in Asia, North America, and Latin America, we’ll close the year with two events happening in Europe’s crypto capital, Portugal. The first one being ETH Lisbon where Chorus One’s Chief Commercial Officer, Felix Lutsch, will make a stop.

Solana Breakpoint II — Nov 4 to 7

There’s probably no better way for us to wrap up this marathon of crypto events in 2022 than by supporting the expansion of the Solana ecosystem through our participation at the Solana Breakpoint II.

Organized by the Solana Foundation and happening in Lisbon, it is estimated to draw some 4,500 attendees — including our very own reps led by CEO Brian Crain whose panel contribution on the topic of “State Layer: validators and infrastructure” is one to replay and study:

Details on the topics to be revealed in due time.

Schedule recap to catch Chorus One in Lisbon, Portugal:

  • To be announced

Bookmark this blog post and check back regularly for updates on Chorus One’s crypto events schedule. Reach out to any of our team members by shooting an email to sales@chorus.one

We read all our emails so we’ll get back to you, promise!

About Chorus One

Chorus One is one of the largest staking providers globally. We provide node infrastructure and closely work with over 30 Proof-of-Stake networks.

Website: https://chorus.one
Twitter: https://twitter.com/chorusone
Telegram: https://t.me/chorusone
Newsletter: https://substack.chorusone.com
YouTube: https://www.youtube.com/c/ChorusOne

News
Networks
Chorus One announces staking support for Avalanche
Delegators can stake AVAX to earn rewards & secure the network.
June 23, 2022
5 min read

Why we join Avalanche

Avalanche is an open-source platform for deploying decentralised applications in a highly scalable environment. Avalanche takes a ‘network of networks’ approach to scaling and contains from the get-go a smart contracts platform designed for global finance, with near-instant finality. The network infrastructure allows applications to maintain sovereignty on their own “subnet”, while tapping into the Avalanche mainnet for interoperability with other subnets. Ethereum developers can easily build atop Avalanche via the EVM-compatible C-Chain. Through its novel Avalanche Consensus Protocol, Avalanche is able to scale capabilities to a processing capacity of 1,500 TPS (transactions per second) in the C-chain and upwards of 4500 TPS in the X-chain. In summary, Avalanche presents a revolutionary technology both in consensus and horizontal scaling design via subnets.

The main novelty of Avalanche is its approach to scaling, which involves the concept of subnets. A subnet is a set of Avalanche validators and the assignment of one or more blockchains for these validators to validate. There is a mainnet, or Primary Network, which consists of all Avalanche validators and that are assigned the P-chain, X-chain and C-chain to validate. As mentioned before, the C-chain is the smart contracts chain that is EVM-equivalent. The X-chain is an UTXO DAG-based chain specially tailored for high-speed asset transfers. The P-chain is perhaps arguably the most important one as its job is to maintain the coordination of validators and delegators on all subnets.

Other subnets are therefore subsets of the mainet validators that are assigned additional blockchains to validate. The reasoning behind this design decision is brilliant: Instead of having one chain accomplish everything in the Avalanche ecosystem, each “sub” blockchain can specialize for a certain use case.

In the meantime, the platform is expanding and enabling developers to launch their own customizable blockchains. Distributing activity over several chains keeps the Avalanche platform dynamic and flexible, enabling it to meet the blockchain’s trinity of decentralisation, security, and scalability.

Avalanche delivers even more in terms of technology by regularly releasing open-source code in the form of VMs ready to be picked up by projects looking to jump in in the subnet movement. @DeFiKingdoms is an example of a live subnet.

Other projects in Avalanche may soon start to shift to the subnet environment. For instance, liquid staking via BenQi (sAVAX) with three more solutions coming up: Lido on Avalanche, LAVA, and Eden Network + YieldYak. There is also a competitive DeFi landscape which may do the same, with TraderJoe (DEX), Platypus (stable swap), Aave (lending) and many others.

Becoming a validator in Avalanche requires expertise and a bonded stake. It would be troublesome if being a validator on the Avalanche network was free since a bad actor might start a large number of nodes that would be queried often. A node must bond (stake) something valuable in order to become a validator (AVAX). The more AVAX bonds a node has, the more often that node is requested by other nodes. A node’s sampling of the network is not uniformly random. It is rather weighted by stake quantity. Nodes are encouraged to be validators because they get a reward if they are sufficiently accurate and responsive when validating. Chorus One behaves in this way, helping to secure Avalanche. Users can delegate to Chorus One to and share the rewards.

About Staking on Avalanche:

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

Token distribution and inflation of 9.2%.

Staking details:
  • The minimum amount that a validator must stake is 2,000 AVAX
  • The minimum amount that a delegator must delegate is 25 AVAX
  • The minimum amount of time one can stake funds for validation is 2 weeks
  • The maximum amount of time one can stake funds for validation is 1 year
  • The minimum amount of time one can stake funds for delegation is 2 weeks
  • The maximum amount of time one can stake funds for delegation is 1 year
  • The minimum delegation fee rate is 2%
  • 50% of AVAX tokens allocated to staking rewards

Reward Rate: Rewards are paid out at expiracy of the validation contract provided the validator uptime as seen by the network is above 80%.

Chorus One Commission: 2%

Staking Limits: The maximum weight of a validator (their own stake + stake delegated to them) is the maximum of 3 million AVAX and 5 times the amount the validator staked. For example, if you staked 2,000 AVAX to become a validator, only 8000 AVAX can be delegated to your node total (not per delegator)

Slashing: No slashing. A validator will receive a staking reward if they are online and respond for more than 80% of their validation period, as measured by a majority of validators, weighted by stake. You should aim for your validator be online and responsive 100% of the time.

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.

Staking Guide: To read a step-by-step guide on how to stake AVAX, click here

News
Networks
Chorus One announces staking support for Covalent
Covalent is a protocol that collects data from various blockchain networks.
June 22, 2022
5 min read

Why we join Covalent Network

Covalent is a protocol that collects data from various blockchain networks. Covalent attempts to gather granular information stored inside smart contracts that isn’t available with current technologies by completely indexing whole blockchains and accessing their data via a single API. In this way, Covalent wants to help developers have a better grasp of the whole blockchain ecosystem. Users will even be able to incorporate private business data after all blockchain data is indexed.

Covalent is gradually decentralizing and that will allow the Covalent Network to be owned and controlled by its users with the use of the CQT token:

  • CQT is a governance token in which token holders vote on proposals to modify system settings.
  • CQT is a staking asset. Node operators will be compensated for indexing data and answering queries.
  • CQT is a network access token that allows API users to do data searches.

Covalent Use Cases

Covalent is already demonstrating a wide range of applications. From taxation, where a trader can immediately obtain a CSV file of their transaction data, to NFTs, where NFT applications like ChainGuardians and Ethermon are now employing the Covalent API to not only enable innovative features unique to each project but also to enhance user experience.

To provide broader access to blockchain data, multiple roles such as validators, block-specimen producers, indexers, storage request responders, and others are required for data retrieval, storage, and query procedures. Learn more about them here. Covalent brings a great value to web3 developers and users and we’re excited to contribute as Block Specimen Producers, ensuring the accuracy of the distributed data.

About Staking on Covalent:

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

Inflation and Distribution ($1Bn CQT):

- Seed: 10 %
- Ecosystem: 20%
- Private sale: 20.4%
- Private sale II: 2.9%
- Public sale: 3.4%
- Team: 14.4%
- Advisors: 2%
- Reserve: 18.9%
- Staking: 8%
- There will be a 2% inflation per year for 4 years.

Reward Rate: The amount of CQT that is rewarded per epoch (24 h). Learn more about staking CQT here.

Chorus Commission: 7.5%

Withdrawal Delay: 28 days for delegators and 6 months for operators.

Staking Limits: There is a ratio (currently 6:1, it will be upgraded to 10:1 in the short term, then up to governance) determining how much delegation an operator can receive on their own stake, ensuring operators have skin in the game. In addition, there are max. stake limitations in place to avoid centralization and to ensure the network grows in conjunction with its maturity.

Slashing: Currently, there is no slashing on the Covalent Network. Until slashing is live, network operators who produce Block Specimens with invalid proofs won’t receive rewards.

Re-Staking: Delegating is non-custodial. While CQT is held in the staking contract, it is only the owner of the respective staked CQT that can interact with it.

News
Networks
Chorus One announces staking support for Evmos
Evmos is aligning developer and user incentives to bring Ethereum-based apps and assets to the interoperable networks of the Cosmos ecosystem.
June 17, 2022
5 min read

Why we join Evmos

Evmos is aligning developer and user incentives to bring Ethereum-based apps and assets to the interoperable networks of the Cosmos ecosystem.

Evmos is an EVM-compatible Cosmos SDK blockchain allowing developers to have all of Ethereum’s desired features while also benefiting from Tendermint fast finality and other benefits that a custom Cosmos SDK blockchain brings. Evmos is connecting the Ethereum and Cosmos ecosystems via a bridge to Ethereum and by utilizing the Inter Blockchain Communication Protocol (IBC).

Evmos and Chorus One

Evmos is built on Tendermint Core, which depends on validators like Chorus One to commit blockchain blocks. These validators participate in the consensus mechanism by broadcasting cryptographically signed votes. Validator candidates can stake their own tokens and have others “delegate” them. The EVMOS is Evmos’ native token. You can stake with us to share our rewards. Evmos launches with 150 validators. The top 150 applicants with the largest stake become Evmos validators.

Executing the Tendermint consensus protocol will yield validators and delegators Evmos as block provisions and tokens as transaction fees. Initially, transaction fees will be paid in EVMOS, however, in the future, any Cosmos token can be used if whitelisted by governance. Validators establish a commission on delegate fees as an incentive. Token holders are responsible for steering and governing the network, including e.g. determining applications that should be incentivized with EVMOS tokens.

Use Cases of Evmos

As previously stated, the dApps that will be available on Evmos can include everything currently on Ethereum and beyond. For example, AAVE is expected to be launched on Evmos. The introduction of Aave on Evmos will allow for an increase in user activity while also filling the demand for a dependable lending protocol on Cosmos. The core team also stated that they are currently working with Chainlink to implement Aave V3 functionality before the mainnet launch later this month. Other examples of applications on Evmos include NFTs and decentralized exchanges — such as Diffusion or Exswap.

About Staking on Evmos

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

Inflation and Distribution: Over the first four years the newly minted tokens will be distributed, at each block, in the following way:

  • Staking Rewards: 40%
  • Team Vesting: 25%
  • Usage Incentives: 25%
  • Community Pool: 10%

There will be no limit on token minting. Over 300M EVMOS will be coined in the first year and 1 billion in the first four meaning inflation after network launch is high.

Reward Rate: 7 seconds block production distributes the rewards. Variable APY (at the time of writing above 500%, check the official dashboard for current values)

Chorus One Commission: 5%

Target staking rate: 50%

Withdrawal Delay: 2 weeks, no rewards are earned during this time

Slashing: A validator missing more than 95% of the preceding 10,000 blocks will result in a slashing of 0.01%

Re-Staking: Manual, must be withdrawn from accrual pool

Additional details: Coinbase guide

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