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SSV Network
SSV Network is a decentralized, open-source Ethereum staking network that utilizes Distributed Validator Technology (DVT), also known as Secret Shared Validator (SSV) technology. It provides an infrastructure to decentralize Ethereum validators by distributing their operations across multiple non-trusting nodes, making staking more accessible, robust, and secure. As the Based Applications Protocol, it extends Ethereum's security to other applications, allowing developers to leverage established validator sets without significant capital lockups. The SSV Foundation was established in late 2023 to support the protocol's research, development, and adoption.
Distributed
Description
SSV Network is a fully decentralized, open-source Ethereum staking network based on Secret Shared Validator (SSV) technology, also known as Distributed Validator Technology (DVT). It provides an infrastructure solution for decentralizing Ethereum validators by splitting and distributing a validator key into multiple KeyShares, enabling it to run across multiple non-trusting operator nodes. This enhances the sustainability and decentralization of Ethereum staking, creating fault-tolerant and secure setups. Users pay operator nodes in SSV tokens for performing duties on the Beacon Chain, and in return, stakers receive their ETH rewards. The platform is designed to be open, community-owned, flexible, and scalable for both home stakers and large staking applications. Additionally, SSV Network provides a protocol for Based Applications (bApps), extending Ethereum's security to any application without requiring developers to lock up expensive capital. The SSV Foundation, established in late 2023, supports the research, development, adoption, and governance of the SSV Network protocol and its DAO.Grant Funding
VC Funding
None
2022
$0
$10M