- Chorus One offers HYPE holders a chance to stake and delegate without minimum or maximum limits.
- The strategic collaboration combines FalconX’s deep liquidity with Chorus One’s established PoS system.
- A total of 1.83 million HYPE tokens, valued at over $100 million, have already been staked through Chorus One.
Chorus One, an institutional-grade staking provider for more than 60 Proof-of-Stake (PoS) blockchains, has announced a strategic partnership with FalconX, an institutional digital asset prime brokerage and crypto trading platform, to launch a new node validator focused on the Hyperliquid (HYPE) staking.
The partnership between Chorus One and FalconX will offer institutional-grade HYPE staking to both retail and institutional investors. Chorus One has the expertise in enabling institutional-grade staking while FalconX provides deep liquidity to the HYPE staking program.
The Chorus One’s HYPE Staking program has already attracted a total of 1,833,509 Hyperliquid tokens, valued at over $100 million at the time of this reporting.
Why is HYPE Staking on Chorus One Already at Over $100M?
The HYPE staking on Chorus has grown exponentially in a short period bolstered by the strategic partnership with FalconX. Moreover, Chorus One users engaged in HYPE staking get to benefit from FalconX’s digital asset custody services that are secure, compliant, and capital-efficient.
“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,” Chorus One noted in the announcement.
The Chorus One HYPE staking validator node currently offers an Annualized Rate of Return (ARR) of about 2.26%. For instance, an investor with 1000 HYPE tokens and opts for the Chorus One validator node gets a yearly warning of $1,235.
Meanwhile, Chorus One is working closely with liquid staking protocols within the Hyperliquid ecosystem including Kinetiq and Hyperbeat. As such, Chorus One offers its HYPE staking customers an added profit margin in addition to the base ARR and the value addition on their tokens.
Why Hyperliquid‘s Staking Now?
The Hyperliquid chain has grown exponentially in the recent past fueled by its decentralized exchange enabling seamless trading of futures and derivatives markets. With a total of 1 billion HYPE tokens, around 431.5 million have been staked by different validator node operators led by Chorus One.
The astronomical demand for decentralized derivative trading has helped Hyperliquid’s total value locked surge to over $2.6 billion in its first year of operation. Additionally, the Hyperliquid chain has seen its stablecoin market cap grow to over $5.75 billion.
As such, HYPE price has recorded bullish momentum since its official trading launch in late 2024, whereby the altcoin has rallied from $6.5 to a trade over $53 in less than 10 months.
The strategic launch of Chorus One’s HYPE staking will strengthen the network’s governance in collaboration with FalconX. Chorus One has a well-informed team of experts to run node validators in the best interest of investors and for the long-term benefits of the underlying chain.