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Ethereum staking platform SSV Network launches permissionless mainnet

By:
on Dec 12, 2023
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  • SSV Network's permissionless mainnet allows validators to onboard the SSV network.
  • The Ethereum staking network recently announced an incentivised mainnet program.
  • SSV has over $157 million worth of staked ETH.

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SSV Network, a decentralised Ethereum staking applications provider, has become the first blockchain project to release a permissionless mainnet, The Block reported today.

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SSV hits staking milestone

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According to the publication, SSV achieved the milestone via the “distributed validator technology” (DVT). With this launch, the infrastructure provider is set to contribute significantly towards scaling the staking landscape on Ethereum.

DVT allows for decentralised node management, with the overall impact of improving network resilience. The permissionless mainnet means anyone can now stake on Ethereum via SSV Network.  It means any validator can now onboard the SSV network through a “simple smart contract interaction” and contribute to Ethereum’s network health.

The SSV Network’s permissionless mainnet launch follows the adoption of a DAO proposal for its implementation in late November.

It also follows the platform’s unveiling of its incentivized mainnet, with launch partners including Ankr, Stader and Meta Pool. The SSV DAO proposal was for a year-long incentivization program targeted for builders and stakers.

As staking platforms and Liquid Staking Tokens (LSTs) become increasingly key in the staking industry. The SSV Network is looking to break into the top segment via its permissionless mainnet, as block explorer data shows the mainnet currently has 80 active operators securing more than 2,265 validators.

Over 72,480 ETH, or over $157 million worth of the token are currently staked via SSV.

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