SSV.Network provides developers with simple, adaptable systems powered by DVT technology, a revolutionary structural framework created exclusively for Ethereum Staking. Due to its permissionless nature, SSV allows staking operators and validators to play an active role in the Ethereum staking ecosystem.
SSV.Network Redefines Ethereum Staking with DVT-Based Innovations and Over $140 Million in Total Value Locked (TVL)
SSV.Network has developed a new benchmark for Ethereum staking by launching its staking applications with over $140 million in ETH staked using the industry-leading staking infrastructure powered by DVT. This led to the Total Value Locked (TVL) of SSV.Network crossing the $140 million mark highlighting the increased integration of DVT by emerging companies as well as seasoned players into their staking products.
The adoption of distributed validation technology (DVT) has enabled the Ethereum staking market to experience unprecedented growth and stability, which in turn fueled the demand for SSV staking solutions. Over 66,000 ETH has been invested in applications powered by SSV, with over 2,000 validators and 80 operators operational on the SSV mainnet.
Many native DVT staking applications, including Pile of clay, Metapool, Get involved together, 01Knot, PieuStarAnd StaFi, are hosted on the SSV main network. These applications serve individual investors by providing a variety of forms for a private, decentralized and robust staking experience. The SSV DAO also encourages DVT adoption by offering validators who join the network a 50% APR increase, either directly through ssv.network or through SSV-based staking applications.
SSV’s DVT-based applications are actively tested and integrated by major players in the staking industry, such as Stader, StakeWise DVT vaults, ChainUP, ANKR, XHash, EBunker, Rocketpool (gift intent), and Lido (via the new module Single DVT. ). These applications enable broad user engagement in next-generation staking, from institutional staking services to staking pools. SSV DAO has set aside more than $3 million with the goal of supporting 55 projects aimed at growing the SSV.Network ecosystem.
In early December, the Permissionless mainnet became operational after a SSV DAO voting that allowed public validators to connect to the network and share stacking configurations between different node operators. This allowed individuals to connect and operate a node, staking services for network validators in exchange for $SSV incentives.
This SSV network tactic of integrating the DVT network within its ecosystem has improved customer satisfaction as well as the development of the Ethereum network by facilitating easy customization, increasing availability while reducing the chances of centralization. The SSV protocol, as a freely available technology, encourages developers to build on it, allowing individual projects to take advantage of the benefits of DVT while tailoring applications to their own target markets.