SSV.Network provides developers with simple and adaptable systems powered by DVT technology—a revolutionary structural framework created exclusively for Ethereum staking. Because of its permissionless nature, SSV allows staking operators and validators to play an active part in the Ethereum staking ecosystem.
SSV.Network Redefining Ethereum Staking with DVT-Powered Innovations and $140M+ Total Value Locked (TVL)
SSV.Network has developed a new benchmark for Ethereum staking by launching its staking applications with over $140 million worth of ETH being staked using the cutting-edge DVT-powered staking infrastructure. This has led to SSV.Network’s Total Value Locked (TVL) crossing the $140 million mark highlighting the increased integration of DVT by upcoming business as well as seasoned actors into their staking products.
The adoption of Distributed Validator Technology (DVT) has seen the Ethereum staking market experience unprecedented growth and stability which has then fueled the demand for SSV staking solutions. Over 66,000 ETH has been staked into SSV-powered applications, with more than 2,000 validators and 80 operators operational on the SSV mainnet.
Many DVT-native staking apps, including Claystack, Metapool, Stake Together, 01Node, StakeStar, and StaFi, are hosted on SSV’s mainnet. These apps serve individual investors by providing a variety of forms for a private, decentralized, and robust staking experience. The SSV DAO is also encouraging DVT adoption by providing validators who join the network with a 50% APR boost, either directly through ssv.network or through SSV-based staking applications
SSV’s DVT-powered apps are being actively tested and integrated by major participants in the staking space, such as Stader, StakeWise DVT vaults, ChainUP, ANKR, XHash, EBunker, Rocketpool (gift intent), and Lido (via the new Simple DVT Module). These applications enable broad user engagement in next-generation staking from institutional staking services to staking pools. SSV DAO has set aside over $3 million in a bid to assist 55 projects that aim to grow the SSV.Network ecosystem.
Early in December, the Permissionless mainnet became live after a SSV DAO vote that allowed public validators to connect to the network and share stacking configurations across different node operators. This has enabled individuals to connect and operate a node, staking services for network validators in exchange for $SSV incentives.
In conclusion
This tactic by SSV network of integrating the DVT Network within its ecosystem has enhanced client satisfaction and also development of the Ethereum network by facilitating easy customization, increasing uptime while also reducing the chances of centralization. The SSV protocol, as a freely available technology, encourages developers to build on it, allowing individual projects to use DVT benefits while adapting applications to their own target markets.
