ssv.network injects $10M in ETH 2.0 staking infrastructure

ssv.network has collected $10 million to ramp up decentralized staking infrastructure for ETH 2.0, Invezz learned from a press release. The open-source and decentralized protocol, which simplifies access to decentralized Ethereum (ETH/USD) staking, launched a DAO Partner Program in October 2021 to strengthen partnerships and enlarge its community.  

First ever protocol enabling secure validator key splitting

ssv.network is the first protocol that offers a secure way to split a validator key between non-trusting nodes. It runs on a node network operating under consensus to help generate ETH rewards for stakers. ssv.network promotes client diversification and Ethereum decentralization, lends staking stability and robustness, and facilitates trustless staking access.

Making liquid staking protocols fact

Such technology is of paramount importance in the process of solving fundamental issues for major CEXs and existing staking providers, giving them access to the infrastructure and stability needed to develop liquid staking protocols on Ethereum 2.0.

A new epoch in decentralized staking

The decentralized staking model is particularly significant for pools and liquid staking protocols. In many cases, decentralization takes a back seat to user experience. ssv.network will enable liquid DeFi protocols and staking pools.

The Layer 0 of Ethereum

With the upcoming Merge and the great popularity of ETH staking, ssv.network has positioned itself as the Layer 0 of Ethereum. It decentralizes and systematizes staking on the infrastructure level, much like Layer 2 blockchains do for scalability.

SSV has partnered with Coinbase, Gate.io Ventures, OKEX Ventures, NGC Ventures, and more as well as onboarded ecosystem partners like DappNode, Blocscape, Allnodes, Everstake, Valid Blocks, Chainlayer.io, Stakin, AMBER, RockX, Shardlabs, and BloxStaking.

Alon Muroch, Core Contributor at ssv.network commented: