The post Chorus One Unveils Simple and Secure Widget to Enhance Institutional-grade Staking appeared first on Coinpedia Fintech News
- New Chorus One Widget enables fintech and DeFi platforms to provide institutional-grade staking from Chorus One.
- The widget currently supports 12 chains that are customizable, including Solana (SOL) and Ethereum (ETH).
- Chorus One has proved over the years to be a secure multi-chain staking platform with over $2.8 billion in total value locked.
Chorus One, one of the largest institutional-grade staking platforms with over $2.8 billion in total value locked (TVL), has introduced a new staking solution – Chorus One Widget. The Chorus One Widget is a plug-and-play iFrame-based, with a pre-built user interface, to improve secure and rewarding staking experience.
“Speed and simplicity are critical for our partners,” said Brian Crain, CEO of Chorus One. “This widget allows them to launch staking products almost instantly while maintaining the security and reliability users expect from Chorus One.”
Understanding Key Features of Chorus One Widget
The Chorus One Widget is meant to help advance the crypto staking industry. At its launch, the widget will support 12 chains including Ethereum (ETH), Solana (SOL), Toncoin (TON), Cosmos Hub (ATOM), Axelar (AXL), DYDX, Kava, Osmosis, and Sei (SEI), among others.
In the near future, the Chorus One team plans to introduce Circle’s USDC and Monad staking. Furthermore, the Chorus One Widget complements the existing Software Development Kit (SDK) integration.
Source: Chorus One Widget
The Chorus One Widget allows wallet connection support and in-widget transaction flows. The integration process is completed in a few days to ensure the staking partners for Chorus One to offer similar staking services without the need for heavy technical requirements.
Other notable features of the Chorus One Widget include:
- Customizable interface with brand logos, colors, and lighting modes.
- Through the Chorus One Widget, users can seamlessly stake, unstake, withdraw, and track staking rewards.
“The widget targets FinTech apps expanding their product suite, wallet providers adding staking capabilities, and DeFi platforms creating new earning opportunities for users,” the announcement noted.
What’s its Market Implication?
The launch of the Chorus One Widget will play a crucial role in growing the Chorus One ecosystem ahead. At press time, the Chorus One project boasted more than $2.8 billion in assets staked on over 40 blockchains.
With Chorus One supporting liquid staking and re-staking services, retail investors will now access seamless staking via different Dapps once they integrate successfully. Chorus One will eventually gain a more competitive edge over its competitors, especially fueled by its reputable security protocols as confirmed by its ISO 27001 certification.