SSV Network is a decentralized and open Ethereum staking platform based on Distributed Validator Technology (DVT). DVT allows the operations of a single validator to be distributed across multiple independent nodes operated by different operators. This increases the fault tolerance and security of the network by reducing slacking risks and ensuring high availability of validators.
Since the launch of SSV Network in December 2023, the platform has achieved significant success, including staking over 1 million ETH and attracting over 700 node operators worldwide. The network supports over 27,000 validators and secures over $3 billion in total value locked (TVL).
One of the key features of SSV Network is the ability to integrate with various applications, called Based Applications (bApps). These applications use the existing set of Ethereum validators to ensure their security and availability without locking up validators’ funds. This allows bApps to benefit from robust security without introducing additional risks to validators.
The platform also offers developers tools to build and deploy decentralized staking applications. With the SSV Network SDK and smart contracts, developers can integrate DVT into their projects, ensuring security and scalability.
In the future, SSV Network plans to expand its ecosystem, including support for multi-chains and improved tokenomics through staking and burning of SSV tokens. The goal is to create a more secure and decentralized infrastructure for staking and applications based on Ethereum.
