Go to https://wallet.keplr.app/chains/persistence, search for Chorus One from the list of validators, and click on it.
Go to https://wallet.keplr.app/chains/persistence, search for Chorus One from the list of validators, and click on it.
Enter the amount you want to stake (leave some amount in your wallet to pay for the fees)
Click on the Delegate button
Click on Delegate and then Approve the transaction in your wallet/ledger. You're now staking with Chorus One!
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Persistence is a Tendermint based layer-1 chain, with a goal to build an ecosystem of decentralised applications that together accrue value to XPRT.
Yes, Persistence is an IBC-enabled chain.
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The broader vision of Persistence is to become the liquid staking hub of the PoS space, making liquid staked stkASSETs the default assets of the staking economy.
Persistence uses Tendermint dPOS BFT Consensus Mechanism.
XPRT accrues value from the economic activity within the Persistence ecosystem of applications, through multiple channels like transaction fees, fee sharing with ecosystem dApps, IBC hub-routing, etc.
We’re proud to announce our partnership with Ledger, the global security platform for digital assets and NFTs.
Ledger has extended its compatibility with the Cosmos ecosystem, and Chorus One will be supporting this integration by providing our validator services, allowing over a million Ledger Live users to leverage the bolstering Cosmos ecosystem. Going forth, Ledger Live users will be able to stake numerous Cosmos tokens, including Onomy (NOM), Quicksilver (QCK), Persistence (XPRT) and more through nodes operated by Chorus One.
This collaboration with Ledger Live aligns with our mission to provide seamless and secure staking services while empowering individuals with financial sovereignty.
“We are thrilled to partner with Chorus One, a trusted leader in the Cosmos ecosystem. Their deep expertise in the space makes them an invaluable partner for any entity looking to integrate staking operations into their product lines. With their extensive knowledge and experience in various Cosmos networks, we are confident in their ability to provide our users a secure and reliable staking solution. Through this collaboration, we are excited to empower our users with full control over their assets and the ability to seamlessly stake across multiple chains.” - Charles Guillemet, Chief Technology Officer, Ledger
Staking your Cosmos tokens through Ledger Live app offers you the opportunity to earn competitive staking rewards while keeping your assets secure via self-custody. By choosing to stake through Ledger, you can enjoy multiple benefits, including:
Chorus One and the Cosmos Ecosystem
Chorus One has been a major driving force behind the growth of the Cosmos ecosystem, having made substantial contributions to it. We are deeply committed to projects that we strongly believe in and have invested and acted as a steward for a variety of Cosmos networks, including Quicksilver, Onomy, Axelar, and many others. With our extensive experience and in-depth understanding of the unique requirements of each network, we have honed our expertise in the interchain.
Currently, our research team is working on a comprehensive report that delves into the implications of MEV on dYdX v4 and aims to provide clarity into how MEV is likely to impact trading flow and execution ahead of the migration, enabling validators to make more informed decisions. To learn more about the report, visit: https://www.dydxgrants.com/grantees/chorus-one
To underscore our unwavering commitment to the Cosmos ecosystem, we released a comprehensive governance report last year, which shed light on validator participation, voting trends, and controversial proposals within the interchain. You can find the report at https://chorus.one/reports-research/governance-in-cosmos.
Furthermore, our team is deeply involved in the Cosmos community. Brian Crain, our CEO, serves on the board of the InterChain Foundation, and our Chief Investment Officer, Xavier Meegan, actively participates in the ATOM Accelerator DAO.
"Bringing non-custodial staking on Cosmos networks to millions of Ledger users is a significant milestone for Chorus One and the Cosmos ecosystem, and we are excited to continue our mission of providing seamless and secure staking services that align with Ledger’s values of empowering individuals with financial sovereignty. We believe that this collaboration will enable many more individuals to leverage the benefits of the burgeoning Cosmos ecosystem, and look forward to working closely with Ledger to make this a reality." - Brian Fabian Crain, Chief Executive Officer, Chorus One
Watch our webinar with The Block!
Last week, we collaborated with The Block to present a webinar featuring our Chief Commercial Officer, Felix Lutsch, alongside Lila Garcia from Ledger Enterprise and Boaz Avital from Anchorage Digital. Together, they engaged in an insightful discussion on the future of staking, covering significant topics circumferencing institutional staking, including regulatory developments, risk management, and staking infrastructure.
To watch the recorded webinar, please follow this link: https://youtu.be/AoMR3UyM7Eg
Persistence acts as a bridge between traditional finance and decentralized finance (DeFi). Using Persistence, non-native crypto institutions can easily participate in the DeFi ecosystem for better access to financing and crypto-native DeFi investors get a better selection of yields. Persistence is building a full suite of financial products for institutional and native crypto users alike that will eventually intertwine and blur the lines between traditional finance and DeFi.
Please note that the unstake period is 21 days. This means that you can only unstake and withdraw coins to your wallet after this time has passed. We wish you profitable staking!
In case you don't have the keplr extension installed in your browser visit https://www.keplr.app/ and click on Install extension.
Click on Install Keplr for Chrome if you are using a Chrome browser or Brave if you are using the Brave browser and follow the installation instructions.
Click on the extension in the Chrome/Brave toolbar and the following page will open up.
In case you do not have an existing Keplr account you can create a new account
You will be shown 12 words as your mnemonic seed. Select24 words option for a more secure mnemonic. Back it up securely (read the warning below)
Back up your mnemonic seed securely.
Enter an account name and a passphrase to unlock your wallet. You will be asked for the mnemonic again. Enter the 24 words in order. This is to make sure you remember the mnemonic.
Finally, click on Next to create your account
Regardless of whether you already have an account or if you created it just now you may now click on the extension to view your address or visit https://wallet.keplr.app/#/akashnet/stake to see the full dashboard.
If you don't already have XPRT in your account fund it with some tokens. You may use an exchange to transfer the XPRT tokens to your address or get it from someone who already holds those.
To stake click on the Persistence network in the left panel and click on Stake
You will be shown a list of validators with whom to stake on the right side. Scroll to Chorus One and click on Manage.
A modal with Chorus One's description will pop up. Click once on Delegate to enter the amount of tokens you want to stake.
Clicking on Delegate again will take you to Keplr wallet for approval. Approve the transaction and you will be able to see your stake.
There is a 21-day unbonding process for staked XPRTs during which delegator XPRTs do not earn rewards and cannot be transferred, exchanged, or spent. XPRTs can, however, be slashed during the unbonding period.
After some time you will see rewards getting accumulated in your account. You can simply go to the Keplr extension to claim them.
Today we are pleased to announce our support for staking on Persistence, a network that is boldly attempting to create an interoperable marketplace for institutional asset transfer. Persistence is essentially re-creating accessibility for institutional liquidity and retail participation. The first product Persistence built was Comdex, a blockchain-based marketplace for trade finance and commodities. Using smart contracts, Persistence was able to standardise and bring immediate liquidity to the trading of commodities in Singapore. Since then, Persistence has built multiple products. One such product is a DeFi protocol known as pLend, where commodities companies can use their real-world assets (with terms in smart contracts) as collateral to borrow stablecoins supplied by crypto-native users. Other products Persistence has built include Audit.One, a validator that runs a node on multiple networks (including many that Chorus is also active on, e.g. Cosmos, Terra, NEAR, SKALE, and Celo) and pStake, a liquid staking protocol aiming to unlock liquidity of locked staking tokens in the Cosmos ecosystem.
Overall, Chorus and Persistence have a deep understanding of the intricacies of many networks and will be able to share that knowledge with each other to improve upon the security of Persistence’s own network. Not only that, Chorus will also be able to share its own liquid staking experience with Persistence to assist them building out liquid staking protocols on networks we both support.
We are yet to see exactly how real-world finance, DeFi, and staking will coalesce in the future. Running a node on Persistence allows us to contribute to a network that actively works on experimenting with the possibilities of this rich intersection within the Cosmos ecosystem. We are pleased to have the opportunity to secure a network that is building in areas that greatly align with Chorus.
Felix Lutsch, CCO of Chorus One
Chorus One is one of the most distinguished validators in the Proof-of-Stake ecosystem and has been at the forefront of innovation within this domain.
Meher (Co-Founder of Chorus One) has been a guiding force in my Crypto journey and now we are honoured to have Chorus One as a Validator on Persistence.
Persistence and Chorus One have a lot of synergies including on the soon to be launched liquid staking app — pStake Finance — by Persistence.
Tushar Aggarwal, CEO and Co-Founder of Persistence
Persistence.one is built using Cosmos SDK. Users can delegate their XPRT to Chorus One using a wallet, such as Keplr.
Validating Rights: The weight of validators is determined by the amount of staking tokens (XPRT) bonded as collateral.
XPRT Inflation: 35%
Reward Rate: Rewards from staking XPRT will vary depending on the inflation and total amount of tokens that are staked at a given time. Learn more about the details of staking reward rates for chains built using Cosmos SDK here.
Chorus Commission: 8%
Withdrawal Delay: After withdrawing, your staked funds will only become accessible after the unbonding period (usually 21 days) has passed.
Slashing: You can get slashed (loss funds) in case the validator you are delegated to commits an offense. Make sure to do due diligence to minimize this risk.
Re-Staking: You need to withdraw rewards and re-stake them with some frequency if you want to make use of compounding returns.
Persistence Staking FAQ: https://chorus.one/networks/persistence
Persistence Staking Guide: Persistence XPRT Staking Guide
Persistence Wallet: Keplr
Persistence Block Explorers: Persistence Block Explorer
Persistence Staking Reward Calculator: Staking Rewards
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