- Summary:
- Among the key benefits of the partnership is that it will enable institutions to integrate staking seamlessly into their operations.
P2P.org, a platform for non-custodial institutional staking, has announced a partnership with SSV.Network, a decentralised Ethereum staking infrastructure protocol. This collaboration unveils the Distributed Validator Technology (DVT) Staking API, which enables institutions to integrate staking services seamlessly. DVT is a technology that provides fault tolerance and secures Ethereum-based networks by distributing validator duties among groups of non-trusting nodes.
SSV.Network, P2P.org and DVT staking
When it comes to the advancement of Distributed Validator SSV.Network is a pioneer in the development of Distributed Validator Technology and its partnership with P2P.org cements this position. DVT allows Ethereum validators to operate across a trustless network of nodes. DVT’s technical design in relation to network security has made it an integral part of Ethereum’s plan for mitigating risks of protocol-wide correlation and downtime.
In addition, DVT is crucial in reducing the dangers of staking since it provides a solid infrastructure for handling digital assets and staking procedures. DVT Staking API provides a streamlined and simplified process to meet the varying risk, regulatory, and other requirements of custodians, wallets, and neo-banks.
The API creates a more ensuring operating environment for users in relation to the security and reliability of their institution’s staking operations. This is because API enables seamless integration with the initiation of DVT-powered staking requests via the SSV protocol. It operates as a bridge, making it easier for P2P.org’s institutional customers to make the switch to decentralised staking via P2P.org and other leading node operators.
SSV.Network and P2P.org established strong ties when the latter became a Mainnet Verified Operator during the SSV Limited Mainnet Launch. With the intention of expanding P2P.org’s institutional staking solutions, the SSV.Network grant was crucial in the development and subsequent deployment of the DVT Staking API.
We are likely to witness an increase in the number of staking applications that use SSV.Network infrastructure for secure and decentralised management of their validator operations as the mainnet launch nears. The ssv.network smart contracts support developers to swiftly deploy, scale, and decentralise a wide range of staking applications on Ethereum, making this an attractive preposition.