Chorus One is Nominated as a Chainlink Node Operator for Kava and the Cosmos Ecosystem.
Chorus One has been nominated as a Chainlink node operator on Kava. It will bring Chainlink price reference data to Kava’s DeFi lending platform and the greater Cosmos ecosystem. Chorus One will be responsible for providing BNB/USD price reference data first to support Kava’s lending platform scheduled to launch in early June. Following the release of IBC, other Comos-SDK blockchains and applications will be able to leverage connections with Kava to easily access Chainlink data for their own use.
Background on Chorus One
Chorus One is a leading staking provider active on many networks including Kava, Chainlink, the Cosmos Hub, Solana, and many others. In total, over $20 million in assets are securely staked with Chorus One’s infrastructure. The company was founded in early 2018 by Epicenter blockchain podcast hosts Brian Crain and Meher Roy. Since then, Chorus One has established itself as a core contributor to the Proof-of-Stake space focused on advancing the ecosystem through secure infrastructure, tooling, research, and educational content.
“I’m delighted to have Chorus One running one of the Chainlink nodes on Kava to help us bring high-quality DeFi data to the Cosmos ecosystem. The Chorus One team has a wealth of knowledge and expertise when it comes to running highly-available blockchain infrastructure and they understand the in-and-outs of Tendermint-based systems. We’re very lucky to have such a competent team supporting Kava’s most critical infrastructure.” — Brian Kerr, CEO and Co-founder of Kava Labs
Kava — Making Chainlink Data Available to All of Cosmos
No oracle solution was adequate enough for DeFi applications on Cosmos. For this reason, Kava has teamed up with Chainlink to bring its data and reliable oracle solution to the Cosmos ecosystem. Chainlink nodes now will be able to securely publish data directly on the Kava blockchain where it can be used or easily transported to other Cosmos-based blockchains and applications. Chainlink nodes on Kava utilize all the industry-leading technologies of Chainlink, while enabling more frequent price updates and improving the reach and distribution of where that data can be used.
Since Kava’s blockchain is built using Tendermint, Tendermint-based blockchains within the Cosmos ecosystem (such as Binance, Terra, Cosmos Hub, Agoric, Aragon, and others) will now be able to retrieve market data such as cryptocurrency, FX, and commodity prices. This makes Kava the ideal place for Cosmos-based blockchains and applications to request and access data from Chainlink.
Adding Chorus One brings Kava one step closer to launching its lending platform scheduled for early June and positions Kava as the hub for DeFi and for Cosmos-based blockchains to access Chainlink’s leading oracle solutions, which includes the likes of Binance Chain, OKEx, Cosmos Hub, and over 110 other projects developing on the Cosmos-SDK.
“We are big fans of the pragmatic, yet pioneering approach of Chainlink. They have been leading the way in feeding off-chain data into smart contracts. This has allowed powerful DeFi platforms like Synthetix and Aave to flourish. Kava is set to bring DeFi to the Cosmos ecosystem. Its lending platform will be greatly enhanced by Chainlink oracle data and is set to become a key component of cross-chain decentralized finance.” — Brian Fabian Crain, CEO of Chorus One
About Chorus One:
Chorus One operates validation infrastructure and builds tools to advance the Proof-of-Stake ecosystem. Chorus One operates validators on Kava, Cosmos Hub, Terra, Celo, Centrifuge, Solana and many other upcoming networks.
You are able to support their work while securely earning staking rewards by delegating your KAVA tokens to the Chorus One validator.
Website | Anthem Staking Platform | Twitter | Telegram | Medium
About Kava:
Kava is a multi-asset DeFi platform that offers stablecoins, loans, and other financial services for users of major cryptocurrency assets including BTC, XRP, BNB and ATOM to name a few. The Kava platform has two types of tokens, the KAVA token and the USDX stablecoin where the KAVA token is the native token of the Kava blockchain integral in the security, governance, and mechanical functions of the platform. Users can collateralize their crypto assets in exchange for Kava’s stablecoin, USDX. USDX is the highest earning USD denominated account available for modern investors, offering superior yields without additional risk, compared to traditional alternatives like checking and savings accounts that only deliver minuscule returns.
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