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.
As we approach September, the eminent crypto conference of Asia, Token2049, is set to take place in sunny Singapore!
With pioneers from various crypto and blockchain domains converging on the Red Dot nation, the week promises Token2049's flagship conference on September 13th and 14th, surrounded by an array of side events (including two of our own!). The Chorus One team is brimming with excitement as we gear up to attend.
Join us at Booth M90, where a number of our team members, including Xavier Meegan, Yannick Socolov, Michael Moser, Umberto Natale, Luis Nuñez Clavijo, Hariharan Iyer, Alex Bentley, Rishi Sidhu, Chakravarthi Muppalla, and Keerthi Narendra, will be waiting to connect.
Apart from engaging in conversations about the latest in staking, make sure to swing by our booth for an assortment of fresh swag and the chance to win intriguing mystery gifts!
Kick-start your morning with us!
To participate in our breakfast side event, kindly register here.
Chorus One x Alkimiya Networking
As the vibrant introductions wind down after two days, join us at our co-hosted evening side event with Alkimiya. Register here to attend.
Lastly, what's a conference without a Chorus One twist? Following the much-loved appearance of Lefty the Alpaca at EthCC, we're conjuring yet another surprise for Token2049. Hint: Keep your eyes peeled, or you might just miss it. 🪄Lefty the Alpaca at EthCC, we're conjuring yet another surprise for Token2049. Hint: Keep your eyes peeled, or you might just miss it. 🪄
If you're attending and wish to arrange a meeting with our team, please reach out to us at info@chorus.one, and we'll get in touch. See you there!
In an eagerly anticipated milestone, Sei Network has successfully launched its mainnet, and Chorus One is honored to be a part of this journey as one of the network's genesis validators. As we step into this new phase, we're excited to explore the novel attributes that set Sei apart—specifically, its approach to solving one of the most intricate challenges in the blockchain landscape: the exchange trilemma.
The exchange trilemma is a puzzle that has long perplexed the blockchain community. It represents a delicate equilibrium where decentralization, scalability, and capital efficiency often seem to be at odds with each other. Achieving progress in one dimension often comes at the expense of the others, creating a complex balance that many blockchain platforms grapple with—especially when it comes to exchange platforms.
Sei Network: A Solution to the Exchange Trilemma
The history of blockchain has been marked by attempts to reconcile these seemingly conflicting goals. Striving to optimize one aspect can inadvertently hinder the advancement of others. This intricate interplay of decentralization, scalability, and capital efficiency has posed a formidable challenge, particularly in the context of building platforms for digital asset exchange.
This is where Sei Network enters the scene as a transformative contender poised to tackle the complexities of the exchange trilemma head-on. Through a strategic blend of innovation and architectural ingenuity, Sei aims to harmonize these seemingly divergent objectives.
Sei Network introduces a series of pioneering innovations that collectively challenge the trilemma:
In essence, Sei Network defies the constraints of the exchange trilemma by offering a comprehensive solution that enhances decentralization, scalability, and capital efficiency. Its monolithic architecture, innovative consensus mechanism, and pioneering features underscore its commitment to shaping the future of Layer 1 blockchains.
In the months leading up to its mainnet launch, Sei Network achieved significant milestones. A noteworthy accomplishment was the launch pool initiation for the Sei Network on Binance, announced on August 1, 2023. This marked the prelude to the mainnet launch, solidifying Sei's presence in the blockchain ecosystem. Furthermore, the official listing of SEI, Sei Network's proprietary token, on Binance on August 15th added to the momentum.
Notably, Sei Labs secured $30 million in strategic funding across two influential investment rounds, supported by prominent backers including Jump, Distributed Global, Multicoin Capital, and more.
Sei Network's journey continues to unfold, marked by advancements and partnerships that reinforce its standing in the blockchain landscape. As a monolithic blockchain geared towards solving the exchange trilemma, Sei Network is carving its niche by defying traditional limitations and offering a promising future for decentralized trading.
Staking $SEI with Chorus One
SEI can be delegated to the Chorus One via the Sei App
Current Staking APR: 8.33%
For any other questions, 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.
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.
