At Chorus One, our mission is to empower institutions, protocols, and individual stakers with the best-in-class infrastructure and yield opportunities across the Proof-of-Stake ecosystem. Today, we’re excited to announce a new partnership with MEV Zone, a permissionless protocol designed to bring transparent and standardized MEV extraction to Avalanche.
MEV Zone is pioneering an Avalanche-specific implementation of Proposer-Builder Separation (PBS), a mechanism designed to optimize block production and democratize access to MEV (Maximal Extractable Value).
Through MEV Zone, validators run a custom client that receives block chunks from builders and assembles them into the final block. In return, validators receive a share of the block yield from the extracted opportunities.
This approach not only enhances validator rewards but also contributes to healthier network dynamics by ensuring that arbitrages, liquidations, and other MEV-driven market activities are executed in a transparent and standardized way.
As one of the largest and most trusted validation providers across Avalanche and 40+ other networks, Chorus One is proud to be the first partner of MEV Zone.
This collaboration will make MEV Zone’s innovative solution available to both:
By integrating MEV Zone into our infrastructure, we’re extending a new layer of yield opportunities for Avalanche validators and delegators, while ensuring the network benefits from more efficient and fair markets.
The broader MEV conversation in blockchain has often been clouded by concerns around fairness and opacity. By supporting MEV Zone, we believe Avalanche can set a new standard—where MEV is permissionless, transparent, and beneficial for both validators and the network’s long-term sustainability.
At Chorus One, we see this as an important step in our ongoing journey to provide robust infrastructure and innovative yield strategies for our partners and clients.
Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 40 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.
MEV Zone is a permissionless protocol for transparent MEV extraction on Avalanche, powered by an Avalanche-specific version of Proposer-Builder Separation (PBS). The protocol enables validators to increase returns while improving market efficiency and fairness across the Avalanche ecosystem.
Chorus One is excited to announce that our validator is live in the active set on Hyperliquid, enabling HYPE staking in partnership with FalconX, a leading institutional digital asset prime broker. This collaboration combines FalconX’s deep liquidity and institutional reach with Chorus One’s proven Proof-of-Stake expertise—making it easier than ever for institutional investors to participate in the growth of the Hyperliquid ecosystem.
Hyperliquid is an EVM-compatible Layer-1 blockchain powered by the HyperBFT consensus mechanism. The network is designed for performance, supporting on-chain trading and applications with the security and reliability expected from institutional-grade infrastructure.
The native token, $HYPE, underpins the staking economy. Holders can delegate without minimum or maximum limits and currently earn an annualized staking reward of approximately 2.10%–2.30%, distributed daily with automatic compounding. For transparency, all network activity can be tracked through the Hypurrscan block explorer. The chain introduces two major architectural innovations:
By joining the validator set, Chorus One brings years of staking expertise to support Hyperliquid’s vision of building the future of on-chain finance. Together with FalconX, we’re extending secure and institutional-grade access to HYPE staking from day one.
Partnering with FalconX ensures institutional clients gain direct access to staking through a platform trusted by some of the world’s largest financial players. With FalconX’s custody integrations and liquidity services, institutions can easily engage with Hyperliquid staking in a secure, compliant, and capital-efficient way.
Chorus One supports institutions through HYPE staking to our public validator, support for White Label validators, HYPE rewards reporting suite and access to our research team's deep expertise on the Hyperliquid ecosystem, including the HIP-3 Standard which allows for the creation of custom perpetual contract markets.
Contact staking@chorus.one or custody@falconx.io for more information on how to stake.
We’re also collaborating with projects building on Hyperliquid, such as leading liquid staking protocols Kinetiq and Hyperbeat, further embedding ourselves in the ecosystem’s long-term growth.
Hyperliquid is redefining on-chain finance by merging the efficiency of centralized platforms with the openness and transparency of blockchain. With Chorus One and FalconX, HYPE staking is now accessible to both retail and institutional users who want to secure the network while earning consistent rewards.
Get started today with Chorus One and FalconX to join the next era of decentralized finance.
At Chorus One, we believe in the power of aligned, long-term contributions to the networks we serve. That’s why we’re excited to share our latest collaboration: a new institutional-grade validator on Solana, launched in partnership with Delphi Consulting.
This validator isn’t just another node, it’s a reflection of Delphi’s evolving role in Web3 and a continuation of our shared vision: that the most impactful participants in this space are those who contribute beyond capital and research by directly operating critical on-chain infrastructure.
Delphi Consulting, the strategic advisory arm of Delphi Digital, is known for its expertise in token design, economic systems, protocol strategy & GTM, and applied research services. While Delphi Research has long provided market-leading analysis on ecosystems like Solana, Delphi Consulting builds on that foundation to deliver practical, implementation-focused solutions.
Now, they’re taking a natural next step: from protocol insight to protocol participation.
This launch marks the second time Chorus One and Delphi have joined forces on validator infrastructure. Earlier this year, we partnered on a validator for the Initia network, which quickly rose to a top spot in the validator set. That momentum continues now on Solana, one of the highest-throughput networks in crypto.
Solana stands out for its sub-second finality, low fees, and rapidly growing developer ecosystem. With thriving use cases across DeFi, NFTs, payments, and gaming, not to mention innovations like Firedancer and parallelized transaction processing, it’s a network where both scalability and operational precision matter.
At Chorus One, we’ve been running Solana validators since its early days. We're proud to support Delphi’s entry into Solana validation, bringing both institutional-grade performance and principled participation to the network.
This collaboration represents a shared belief that those who understand and invest in protocols should also help operate them. Through partnerships like this one, we want to help set a higher standard for institutional involvement in Web3: informed, hands-on, and aligned with the long-term health of decentralized networks. We look forward to growing this partnership and continuing to help shape the infrastructure backbone of high-performance blockchains like Solana.
Want to support a more decentralized and secure Solana? Stake with the Delphi Consulting validator, powered by Chorus One. 👉 Learn more at https://delphi.link/DelphiConsultingStake
Chorus One Rewards is a unified rewards engine that delivers institutional-grade staking reward tracking across 20+ PoS networks. By consolidating reward types, day-level granularity, transaction logs, and validator commissions into a single platform, it eliminates the need for bespoke queries and manual block explorer reconciliation. Finance and Product Ops teams now have a plug-and-play solution for seamless, auditable reporting—powered by Chorus One’s infrastructure expertise.
Institutions participating in Staking require accurate, detailed, and granular rewards reporting - not just for compliance, but for making informed risk decisions. Without institutional-grade reporting, teams spend hours manually compiling data across block explorers, wrestling with inconsistent formats, and reconciling discrepancies. This time-consuming process creates operational bottlenecks and leaves treasuries vulnerable to reporting errors when assessing validator performance or calculating risk-adjusted returns.
By delivering accurate, verifiable rewards data, we demonstrate our ability to:
Chorus One Rewards tackles the complexity of multichain staking by:
What makes the Chorus One Rewards different from other solutions?
Chorus One’s Rewards is packed with standout features that elevate it above alternative products:
Technical Advantages
Access Chorus One Rewards either directly through our reporting platform or via API for seamless integration into your existing workflows.
Users staking with Chorus One automatically get access to Chorus One Rewards. If you haven’t logged onto the platform yet please:
As corporate treasury strategies evolve beyond Bitcoin, a new era is emerging, where crypto assets are not only held but put to work. In our previous piece, Treasury 3.0: How Digital Asset Treasuries Are Turning Crypto into Yield, we explored how companies began expanding from BTC reserves into yield-generating assets like Ethereum and Solana through staking. Now, as more treasuries adopt active on-chain strategies, including restaking, liquid staking, and DeFi integrations, the pressure is mounting to match these innovations with enterprise-grade reporting. Tracking rewards across dozens of chains, validators, and wallets is a strategic imperative. Without robust, auditable reward data, even the most promising digital treasury strategy can become a liability.
As treasuries shift from passive holding to active reward generation, accurate reporting becomes a key requirement. Every staking reward, restaking payout, or MEV gain constitutes taxable income, potentially with varying fair market values, and protocol-specific nuances. Without a robust system to capture, timestamp, and reconcile these events, finance teams risk producing inaccurate financial statements or triggering red flags with auditors and regulators. The challenge compounds with multichain exposure: fragmented wallets, inconsistent reward structures, and untracked validator commissions all introduce operational noise. High-quality reporting is how treasury teams ensure they’re maximizing yield opportunities, maintaining audit readiness, and preserving institutional trust with stakeholders.
So what defines treasury-grade crypto reporting? It starts with multi-chain coverage and accurate, granular data: daily attribution of rewards, including staking yields, restaking payouts, and MEV income, mapped to the specific wallet, validator, and protocol that generated them. Institutions also need visibility into validator commissions, service fees, and any slashing events that affect net returns. As many treasuries segment assets by fund, business unit, or jurisdiction, reporting must support wallet-level granularity and entity-specific tagging. Just as important is the format: data must enable seamless integration into back office systems, and ultimately align with GAAP or IFRS standards as digital assets are formally recognized in financial reporting frameworks. Fair market value (FMV) at the time of reward is a critical enhancement that enables compliance with IRS Revenue Ruling 2023-14 and emerging EU tax rules under DAC8. Without these capabilities, crypto reporting falls short of the institutional bar.
Consider the journey of a typical corporate treasury evolving its digital asset strategy. In the early phase, the fund holds BTC, tracked through simple ledger tools or custodial statements. But as it adds ETH and begins staking ETH, complexity creeps in. Rewards accrue on-chain, commissions may vary, and new wallets emerge for each protocol. By the time the finance team embraces restaking strategies through EigenLayer or allocates to DeFi vaults, its treasury operations involve dozens of addresses, multiple chains, and a constant stream of taxable events. Without a unified reporting system, the result is fragmented data, error-prone manual reconciliation, and an unreliable audit trail. In contrast, Chorus One’s Rewards Reporting tool provides a single source of truth: dashboards tracking staking and reward activity across multiple chains, daily performance summaries, and downloadable reports ready for fund administrators, auditors, and tax professionals. It enables crypto treasuries to scale with confidence, knowing their yield strategies are matched with enterprise-grade transparency.
Chorus One’s Rewards Reporting is designed to meet the operational and compliance demands of modern crypto treasuries. Its validator monitoring tools allow finance and ops teams to track uptime, reward rate consistency, and restaking activity across 20+ supported protocols, without needing to rely on explorers or raw chain data. Every staking reward is calculated with precision, accounting for validator commissions, service fees, and available rebates to ensure accurate net attribution. And reports can be exported in Excel or CSV formats for seamless integration into existing back off systems ready for accounting systems, fund administrators or auditors.
As crypto treasuries evolve to embrace staking, restaking, and DeFi strategies, the infrastructure that supports them must evolve as well. Sophisticated digital asset strategies demand equally sophisticated reporting tools that deliver precision, transparency, and compliance at scale. With its reporting tool, Chorus One equips institutional teams with the visibility and structure needed to turn raw on-chain activity into actionable financial intelligence. Whether you're optimizing validator performance, preparing for an audit, or reconciling yield across a global treasury, Chorus One ensures that your reporting is as productive and reliable as the assets it supports.
A recent proposal from HOTDAO and LiNEAR went live, it suggests cutting NEAR inflation in half. from 5% to 2.5%, which would reduce the annual staking rate to ~4.75% assuming the same staking ratio.
Chorus One has been a validator on NEAR for ±2 years, and one of the most active in terms of governance in PoS networks. We wanted to share some thoughts and feedback around the proposal and its implications for various ecosystem participants. In summary, we acknowledge the motivation and some of the benefits behind reducing base staking rewards, but our view is that the NEAR ecosystem is still too nascent to implement such a drastic change without sufficient time for community discussion. We suggest alternative measures that work towards the same goal, and welcome open feedback from the community.
The primary motivation behind, as stated in the proposal, is to move towards more sustainable economics, as well as incentivizing DeFi participation on NEAR. We previously conducted a similar analysis on SIMD228 and found no definitive conclusion on TVL elasticity towards inflation. For newer ecosystems, this argument should be much weaker as the network has not reached a point where there's sufficient organic economic activity. NEAR’s top 3 LSTs, for instance, only have a combined 1.1% penetration rate.
Despite NEAR’s growth over the past years, the network’s fee generation remains modest relative to its inflation rate. The DeFi ecosystem, while promising, is still maturing and has yet to generate sufficient economic activity to offset a sharp reduction in staking rewards. This is in contrast to mature networks like Solana, which recently also had a proposal that failed to pass, discussing adjusting inflation to a variable rate based on staking participation, which lowers base inflation when staking rates are higher and vice versa. For context, the average monthly Real Economic Value (REV) on Ethereum in H2 2025 was approximately $69.53 million, and Solana averaged $181.8 million. In contrast, Near had around $1.6 million in fees generated, about 43× less than Ethereum and 114× less than Solana. Near’s annual staking reward rate would be lower than Solana’s despite having less economic activity and only marginally higher than Ethereum’s. We are concerned that this disparity could drive stakers to other ecosystems in search of higher rewards and economic activity, ultimately negatively impacting Near.
NEAR currently has 100 active validators proposing blocks, but the top 11 control 33% of the network’s stake. The proposed halving of staking rewards could disproportionately impact smaller validators leading to even more centralization, we’d like to see more initiative on how this would aim to be addressed before. It was mentioned that some modelling and calculations were done around this proposal, we’d love to see the numbers and analysis behind.
Rather than primarily cutting inflation and focusing on the supply side, fostering a vibrant ecosystem through liquid staking and incentivizing active chain usage and the demand side may be more effective. As aforementioned, despite a high inflation rate, LSTs only have 1.1% penetration, which could imply a lack of productive use cases in the ecosystem. Encouraging more on-chain activity and DeFi innovation can organically enhance token value and network health without risking validator attrition.
As the Tezos protocol evolves, so do our services. In response to the recent Paris upgrade, we’re updating how we operate our Tezos validator (aka Baker).
We will no longer support delegations to our Tezos validator.
TL;DR
Chorus One: tz1eEnQhbwf6trb8Q8mPb2RaPkNk2rN7BKi8 (Explorer)
Chorus One 2: tz1Scdr2HsZiQjc7bHMeBbmDRXYVvdhjJbBh (Explorer)Chorus One: tz1eEnQhbwf6trb8Q8mPb2RaPkNk2rN7BKi8 (Explorer)
For additional information on Delegating versus Staking your XTZ, visit Tezos Docs.
Need help? Contact staking@chorus.one.
Thanks for your continued trust, — The Chorus One Team
Chorus One and Hex Trust are thrilled to announce the expansion of their strategic partnership to unlock institutional access to Stacks (STX) staking, delivering the power of Bitcoin Layer-2 directly into regulated, secure custodial environments.
Unlocking Bitcoin’s Programmable Potential for Institutions
Through this integration, Hex Trust’s institutional clients can now stake STX and earn native Bitcoin rewards via Stacks’ innovative Proof-of-Transfer (PoX) mechanism, all within a fully compliant, bank-grade custody platform. This partnership brings together Hex Trust’s regulated custody expertise and Chorus One’s industry-leading staking infrastructure, empowering institutions to participate in the next evolution of Bitcoin DeFi with confidence.
Key Benefits for Institutional Clients
Why Stacks (STX) Staking Matters
Stacks is the leading Bitcoin Layer-2 protocol, enabling smart contracts and DeFi applications secured by Bitcoin. With STX staking (or “stacking”), institutions can:
How to Get Started
“This partnership is a significant milestone in bringing Bitcoin Layer-2 opportunities to institutional portfolios. By combining Hex Trust’s regulated custody with Chorus One’s secure staking infrastructure, we’re enabling clients to earn BTC rewards and participate in the next wave of Bitcoin innovation, all with the highest standards of security and compliance.” — Joint Statement from Hex Trust & Chorus One Leadership
About Hex Trust
Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. For more information, visit Hextrust.com or follow Hex Trust on LinkedIn, X, and Telegram.
About Chorus One
Chorus One is a global leader in institutional staking, operating secure infrastructure across 40+ Proof-of-Stake networks and managing over $2.5 billion in staked assets. With ISO 27001 certification and a track record of innovation, Chorus One empowers institutions to maximize returns and network participation.
Ready to unlock the future of Bitcoin DeFi?
Contact Hex Trust today and start staking STX with confidence.
