Ledger Live has announced a significant upgrade to Ethereum staking through a new partnership with Chorus One, integrating the latter’s MEV Max Vault directly into its platform. The integration, announced on June 25, enables Ledger Live’s extensive user base to benefit from higher MEV (Maximal Extractable Value)-boosted staking rewards directly from their hardware wallets.
Previously, Ethereum stakers faced a choice between complexity and compromised returns. Those capable of undertaking solo staking were able to optimize their returns via intricate setups to capture MEV, a method for extracting additional profits by strategically selecting and bundling blockchain transactions. On the other hand, less-technical retail stakers sacrificed potential earnings by using simpler, centralized staking solutions. Ledger Live’s new integration with Chorus One addresses this issue by bridging sophisticated, institutional-grade MEV extraction capabilities with an easy-to-use interface designed for retail users.
MEV Max Vault, Chorus One’s product, leverages specialized infrastructure and proprietary analytic methods to maximize validator profits. Through strategic collaboration with Ethereum block builders, Chorus One optimizes block proposals, capturing higher-than-average MEV rewards. Recent examples of this strategy’s success include two notable blocks, producing yields of 159.9 ETH and 134 ETH respectively, significantly exceeding standard staking returns.
With the integration into Ledger Live’s “Earn” and “Discover” interfaces, users can directly stake ETH without the need for external services or manual processes. Chorus One handles transaction bundling and MEV extraction, and distributes enhanced rewards among participants. As more stakers engage with the system, the total value locked increases, heightening staking rewards frequency and consistency, creating a beneficial network effect.
Additionally, Ledger and Chorus One revealed that the current integration is just the initial phase of a broader collaboration. Future developments already being explored include looped staking mechanisms and the introduction of Chorus One’s liquid staking token osETH. Offering liquidity and DeFi utility, osETH allows users to optimize their staking further by enabling them to earn yields across various decentralized financial platforms, without needing to unstake their locked ETH.
