Monthly Update (Jan 21)
Launch on ETH2 with Lido, The Graph Indexer, Mina incentivized testnet, and further updates.
This is our first update this year and we wanted to thank all our delegators and readers of these updates for their support!
December and January have been eventful months for us and the crypto space in general, learn what we have been up to below.
We went live with our first ETH2 validators through Lido and our indexer on The Graph (more below).
We participated in the Mina “Testworld” incentivized testnet and are preparing for the upcoming mainnet launch - find us on this list and reach out to learn more about delegating!
We are still looking to hire for a few positions, find out more on https://chorus.one/careers
Network Data
We become part of the Lido DAO and are one of the initial 5 node operators for the #1 liquid staking solution for Ethereum 2!
Lido allows ETH holders to participate in staking on the recently launched Beacon Chain without needing to operate validator infrastructure themselves. Lido’s tokenized staking derivative, stETH, also makes it possible to stake with less than 32 ETH and to exit at will, without needing to wait for transfers to be enabled on Ethereum’s Proof-of-Stake chain. To learn more about Lido, visit the website.
There is currently over $200m (250k ETH) staked through Lido and with over $300m in liquidity, the stETH<>ETH pool is the 6th largest pool on Curve!
We launched an indexer on The Graph! The Graph is one of the first decentralized networks we onboarded that is using staking focused on a specific use case - in this case serving blockchain data.
Find us on the official dashboard (chorusone.eth) and delegate to earn upwards of 20% APR on your GRT! We also wrote a small announcement post that explains our motivation, find it here. Contact us if you are interested to learn more about staking with us!
One of the things we are really excited about is The Graph planning to go multi-blockchain, check out the forum post and vote on the networks you would like to see supported.
IBC is coming to the Cosmos Hub in Mid-February. The Stargate upgrade proposal is ongoing after it had to be delayed for two weeks.
The Interchain Conversation event was a success and highlighted many of the different projects in the Cosmos ecosystem. Members of our team presented our work on Wasm Light Clients for IBC and Liquid Staking. Watch the recaps here.
The biggest community pool funding proposal to date (129k ATOM, at the time of writing corresponding to over $1m) passed and seeks to support a wide-ranging marketing campaign to create awareness of the Cosmos Hub and the ATOM token. Find out more about it here.
Inflation will be activated through a community vote on the Solana mainnet in Mid-February starting out at 8% annually and decreasing by 15%, learn more here. At the current staking ratio of ~27% of the supply, this will mean those staking SOL can initially expect to earn a ~27% APR!
A Solana x Serum DeFi hackathon will take place February 15 - March 1 with prices over $400,000. Learn more here.
The Solana mainnet experienced an outage and had to be restarted on December 4, all of which took place within 6 hours. Read the post-mortem here.
The Wormhole ETH<>SOL bridge went live on mainnet:
The first epochs of the live SKALE network have passed and S-Chains are being tested. We wrote a post about the state of staking on SKALE diving into how SKL holders have engaged with the protocol. Make sure to also check out Ebru’s post on delegation states and network bounties to learn about the unique delegation protocol SKALE is using.
Other Content
2020 Network Year in Review Blog Posts:
Chainlink (we are the #5 node operator in terms of oracle response ratio!)