Someone said, I’m more bullish on ETH but I look forward to exploring the Solana’s ecosystem. SOLs success is good for Ethereum because one block chain can’t capture all of the coming adoption. Rising tide raise all boats. They’ll both end up doing similar but different things in the long run.

stSOL is a token that represents staking positions with a diverse set of professional validators on Solana. This enables holders to earn staking rewards while retaining liquidity of their staked SOL, e.g. to trade or to use as collateral in the emerging Solana DeFi ecosystem.

Chorus One, have been early supporters of the Solana network, team, and ecosystem. They have validated in early testnets, participated in the Tour de Sol competition finding multiple bugs, providing feedback, and producing content when Solana wasn’t a household name yet.

Chorus One provides staking and interoperability solutions on over 25 decentralized networks.

Additionally, Chorus One were fortunate enough to become the validator with the most SOL staked on the network. In building Lido, they wanted to pursue a liquid staking project and give back to the Solana ecosystem by helping to support decentralization through the Lido “stake pool”.

Chorus One’s expertise in liquid staking goes back to a prototype they built within the Cosmos ecosystem, which they followed up with a working group and ultimately putting together the – to date – most comprehensive report on liquid staking and its implications.

When Chorus One helped launch LidoFinance on Ethereum last December, they came to the conclusion that the Lido DAO is already building the community that they were able to identify with. Late this April, their proposal to build Lido for Solana passed, and the result is now finally here.

Chorus One are grateful for all the support from validators, multisig members, Solana team and Foundation, and are looking forward to integrate stSOL widely in Solana DeFi and beyond.

Lido for Solana permits users to earn SOL staking rewards and participating in decentralized finance with stSOL token.

Community:  What is your plan to onboard further validators and build a program that supports censorship resistance and decentralization as opposed to staking the largest validators that are already above the halt line?

Response from Chorus One:  One premise is that validators should be rewarded for their work to be able to run a good setup/contribute to the ecosystem (vs staking w 0% commission nodes on Hetzner). Set to follow Lido-wide approach to trustless staking.