- Chorus One and Delphi Digital have worked together in the past to build a validator infrastructure node on the Initia network.
- The Chorus One’s Solana validator program has a total value locked of over 1 million SOL valued at over $226 million.
- The strategic partnership with Delphi Digital will strengthen Chorus One’s Solana staking ahead of the imminent approval of spot SOL staking ETFs.
Chorus One, an institutional-grade staking provider, has announced a strategic partnership with Delphi Digital, a research-driven crypto firm, to unveil an institutional-grade validator node on the Solana (SOL) network. This strategic partnership between Chorus One and Delphi Digital will have a long-term contribution to the Solana blockchain amid its mainstream adoption by institutional investors.
Solana coins have been adopted by several corporations as a treasury management tool, which are then staked to earn more rewards. Most importantly, more institutional investors will adopt the Solana network as several fund managers have already applied with the United States Securities and Exchange Commission to offer spot SOL staking ETFs.
Chorus One Pushes Solana Boundaries With Delphi Digital
The Chorus One platform has continued to re-imagine ways to establish a dependable high-performance validator node on the Solana network. As a result, the strategic partnership between Chorus One and Delphi Digital will complement Solana’s high throughput and its mainstream adoption.
“We’re proud to support Delphi Consulting in launching a validator that reflects both performance and principles, and Solana is a network where operational excellence truly matters,” Brian Crain, CEO of Chorus One, noted.
Out of the $2.8 billion in digital assets staked through the Chorus One validator node programs, Solana’s market share is currently valued at about $226.66 million. With the help of Delphi Digital, which has a voting power of 5.04% and a 100% uptime of its validator nodes, Chorus One will offer better institutional-grade staking services on the Solana network.
Notably, Chorus One and Delphi Digital have worked together in the past on developing ISO certified validator infrastructure on the Initia network.
How Investors Will Benefit from this Partnership
Chorus One has grown to a major staking provider on more than 50 blockchains relying on the Proof-of-Stake (PoS) consensus mechanism. According to Chorus One’s Solana staking platform, a total of 1,069,486 SOLs have been staked by Investors to date.
Out of the 1,078 validators on the Solana network, Chorus One is currently ranked at position 87. At the time of this writing, investors using the Chorus One Solana staking validator node earn an Annual Percentage Rate (APR) of 6.79%.
Through the strategic partnership with Delphi Digital, Chorus One users will benefit from reputation-backed performance. Moreover, institutional investors are seeking confidence from validator nodes to enhance their security and network health.
“Implementing validator strategies for the chains we believe in is a natural extension of our work, bridging our research insights with hands-on participation in those ecosystems,” Ashwath Balakrishnan, Head of Delphi Consulting, said.
Source: https://thenewscrypto.com/chorus-one-joins-forces-with-delphi-digital-to-launch-an-institutional-grade-validator-node-on-solana/
