- Summary:
- There has been a significant spike in demand for SSV tech and this is expected to continue as more developers integrate DVT into staking.
SSV.Network, an Ethereum Distributed Validator Technology (DVT) staking infrastructure provider, has achieved a major milestone in developing a new standard for Ethereum staking. The total volume of Ethereum (ETH) secured by SSV’s technology is expected to increase as more innovators and market leaders integrate DVT into their staking capabilities.
SSV Network tech and application in staking
Since its staking applications ecosystem went live, SSV’s DVT-powered staking infrastructure has staked more than $140 million worth of ETH. With DVT making Ethereum staking safer and more decentralised, the booming demand for SSV staking products is a good sign for the industry’s future.
The SSV mainnet is currently live with multiple DVT-native staking apps, such as StaFi, Claystack, Metapool, Stake Together, 01Node, plus StakeStar. Anyone can leverage these staking solutions’ strong, decentralised, and non-custodial staking experiences in a various formats.
Various user groups are able to participate in next-gen staking using SSV’s DVT-powered applications, which encompass a variety of use cases, such as staking pools and institutional staking services. There are more than 2,000 validators and 80 operators operating on the SSV mainnet, and more than 66,000 ETH is staked into applications that employ SSV’s technology.
With the DVT Network, SSV is able to diversify its clients and infrastructure, make customisation easy, provide higher uptime, and decentralise its operations. One way to make the Ethereum network more resilient and less susceptible to centralization is to let staking services grow the number of node operators running validators.
The SSV DAO voted in early December to launch the Permissionless mainnet, which opened the network up to public validators. These validators can then use multiple node operators to distribute their staking configuration. Furthermore, with the update, anyone can join as a node operator and start rewarding network validators with $SSV for staking services.
The open-source nature of the SSV protocol means that anyone is free to build on it. This paves the way for staking projects to use of DVT while developing market-specific solutions.