SSV
Last updated
Last updated
ssv.network is a fully decentralized, open-source ETH staking network, based on Secret Shared Validator (SSV) technology. SSV is also known as DVT, or Distributed Validator Technology, as it provides an open and simple infrastructure for splitting and distributing a validator key into multiple KeyShares, for the purpose of running an Ethereum validator across multiple non-trusting nodes.
Running an Ethereum validator on ssv.network achieves active-active redundancy, introduces new levels of validator key security, and benefits the Ethereum network, staking pools, staking services and solo stakers.
Secret Shared Validator ($SSV) is the native token of ssv.network
$SSV's main use cases are payments and governance.
Payments - serve as a way for stakers to compensate operators for managing their validators.
Governance - a way to participate in ssv.network related decision-making and treasury allocations.
$SSV is playing a pivotal role in the network’s ability to harness a community and motivate the right stakeholders to meaningfully contribute to the network.
Operators provide hardware infrastructure, run the SSV protocol, and are responsible for maintaining the overall health of ssv.network.
Operators determine their own fees and are compensated for their integral services to the network by operating and maintaining validators on-behalf of stakers.
To join the network as an operator a user must run an SSV node.This is software containing the SSV protocol implementation and integration to the network’s smart contracts.
This can be done by installing the on a machine followed by registering the operator either through the orinterface.
Operator FeeOperators set their own fees - denominated in SSV tokens - to be charged per each validator that selects them as one of their operators.Operator earnings are paid to their account balance, and can be withdrawn to their wallet at any time.
To Setup your operator click here.
Stakers using the ssv network come in various forms; these are mainly staking services/providers, staking pools, or individual ETH holders that supply the initially required capital to enable validators on the beacon chain.
To enable the operation of a validator, stakers must pay a fee in SSV to their chosen operators for them to manage their validator(s). Users that leverage the network’s SSV/DVT technology will promote optimal liveness, security, and decentralization for their validator(s).
To stake in network click here.
