Monthly Update (January 2022)
Releasing our Annual Staking Report for 2021, Airdropping NFTs to Solana Delegators + Network Updates
Releasing our Annual Staking Report for 2021
We released our inaugural Annual Staking Report for 2021. The Annual Staking Review is a *free* 70-page report that delves into key trends that affected the staking industry in 2021, the staking macroeconomy in 2021, 6 prominent Proof-of-Stake networks that hosted the most network activity in 2021 and governance decision-making across a multitude of Proof-of-Stake networks in 2021. The report can be downloaded here.
Airdropping NFTs to our Solana delegators
We airdropped 3600 NFTs to all of our Solana delegators that stake more than 0.1 SOL with us. We teamed up with CoherenceNFT to work on Chorus One’s first-ever venture into NFTs. Later on in January, we explained the rarities of the NFTs that we airdropped, which will matter for the utility of them in future. We have big plans for our metaverse strategy to be announced, stay tuned.
Network Updates
Assets staked with Chorus One: $3,098,961,715.17
The Internet of Blockchains is adding Liquid Staking to their modules. All Staked ATOMs or other SDK chain assets should be available to issue a staking derivative without unbonding or redelegating them, while giving additional functionality to the staked assets
The start of Q1 for Ethereum saw the removal of the Eth2 naming terminology, and a push for greater client diversity as a critical point for network resilience. These changes do not affect the Ethereum roadmap, which currently reports 9.2m in staked ETH and 288k active validators on the beacon chain.
Kava saw the success of the Kava-9 mainnet launch. The upgrade implements Cosmos’ IBC protocol, enabling the use of several IBC assets in the Kava ecosystem as well as the transfer of native Kava assets to other chains.
Juno validators reached an agreement to lower minimum gas prices by 90% (1/10th of the original price) to promote adoption of the Juno smart contract platform. Juno reached a marketcap of $737 million, with 23,694,816 staked JUNO at 118.54% APR.
How does Lido pay stakers? On Jan 11th, Lido earned $743.4k in total rewards. Of this amount, $74.3k is shared with node operators and the Lido treasury ($LDO), whilst $669.0k went to the stakers.
Near Protocol reached 100 nodes validating the network and more than 380m NEAR staked. While the protocol continues to accelerate, they invest in their growing community of developers and creators with the NEAR Grants program.
Solana Ventures announced Riptide, a global Solana hackathon with up to $5 million in prizes and seed funding. The hackathon is expected to run Feb. 2 - Mar. 17th, 2022, with a focus on new projects in the payments, DeFi, web3, gaming, and DAO space.
Mass adoption of Terra could be just around the corner. Outlet Finance announced the first wave of physical debit cards that use UST, admissible wherever Mastercard is accepted, anywhere in the world.
Wormhole released an Incident Report after an attacker exploited a signature verification vulnerability in the Solada-side Wormhole contract to mint 120k Wormhole-wrapped Ether (weETH). Following the event, Jump Crypto quickly moved to recapitalize the contract and ensure that all weETH continues to be fully backed.
We are hiring for the following roles:
See more at: https://chorus.one/careers