Staking infrastructure and technology provider SSV.network has launched its permissionless mainnet for Ethereum validators. The firm is the first to offer such a staking solution using Distributed Validator Technology (DVT).
The launch of the permissionless mainnet will enable anyone to stake their ETH and contribute to securing the Ethereum network by leveraging DVT and supporting decentralization.
The DVT enables validators to share responsibilities with multiple parties, which essentially prevents any failure and improves overall resilience.
“DVT has the potential to make Ethereum much more secure and safe, solving major challenges like decentralization and censorship resistance,” says Alon Muroch, founder of SSV Network.
According to the official blogpost, the SSV DAO has introduced a 12-month incentivization program for early DVT adopters who will be rewarded with an APR boost of up to 50% on their staking rewards.
Besides this launch, SSV Network is also in talks with industry leaders, such as Lido, in an attempt to enhance decentralization in Ethereum staking.
The firm’s collaboration with Lido has reached a significant step as CEO Muroch confirmed the launch of a native network for the largest liquid staking provider.
“We are in our third testing round and expect to hit mainnet with Lido in the first quarter of next year,” said Muroch. He also hinted that SSV is discussing DVT with major ETH staking providers.
