At Chorus One, we are here for you every step of the journey. Follow the steps below to start staking with us. If any questions, we're only a click away.
We are at the forefront of PoS blockchain research. We work with carefully selected networks and help them launch and operate seamlessly. Our technical input has been vital in adding value to blockchains such as Solana, Cosmos and Ethereum.
The Chorus One infrastructure and surrounding processes are highly specialized to guarantee reliable and fault tolerant operation of our nodes as well as safekeeping of associated cryptographic key material.
Both institutional and retail investors trust our staking services. Our engineers work around the clock to ensure your stake is safe. Moreover, we safeguard all investments with our delegator protection pool of $250k, refreshed each quarter.
We keep our community updated through regular posts, engaging podcast episodes, and in-depth research articles. We provide 24x7 support to our delegators via Telegram, email and chat.
Centrifuge is bridging real-world trade finance assets like company invoices into the world of decentralized finance through the Tinlake asset-backed lending protocol. Through Tinlake, users can tokenize non-liquid assets such as invoices (e.g. ConsolFreight) or streaming royalties (e.g. Paperchain) and borrow against these securitized assets.The Centrifuge Chain, which hosts the Tinlake protocol, is a Substrate-based Proof-of-Stake chain secured by a small set of validators including Chorus One. By delegating Centrifuge (CFG) tokens, stakers help maintain the network and its bridge to Ethereum, for which they earn staking rewards.
How to stake Centrifuge (CFG) tokens
1. Create a wallet using Polkadot JS extension
Download the extension here and add it to your browser.
Now go to the extension and create a new address by adding an account.
In the next step change the network name to Centrifuge Mainnet and create an account name and passphrase.
You can then refresh the portal, check the Accounts tab. Your address should appear there.
Make sure to note down your mnemonic seed in a safe place! You will lose access to your funds if you forget or lose it. It is not recommended to store them on an unsecured laptop
Polkadot JS Extension
Add Account
Save the mnemonic safely
Select Centrifuge Mainnet
View the account in the My Accounts section
2. Create 2 accounts
To stake CFG tokens you require 2 funded wallets. Follow step 1 twice to create these two and some CFG to both.
The stash account - Main wallet.
The controller account - Used for transactions and thus requires a small amount of tokens only.
Two accounts
3. Selecting a Nominator
Once you have both the wallets funded with some amount head over to the Network tab and select Staking.
Under the Staking tab select Account Actions and add a nominator by clicking on +Nominator.
The Setup Nominator modal will appear. Make sure you select the correct stash and controller accounts.
In the value bonded field add the number of tokens you want to stake.
In the next step, nominate Chorus One as the validator.
Finally, click on Bond and Nominate and authorize the transaction by clicking on Sign and Submit.
Your nomination will become active in the next session and your CFG tokens will start earning staking rewards
.svg){kind=icon}
.png)
.png)
