ssv.network (SSV) Price

Distributed Validator Infrastructure for Developers, ssv.network is designed for building high-performance, secure, and decentralized ETH staking applications. The project utilizes Secret Shared Validators (SSV). It is the first secure and robust way to split an Ethereum validator key between non-trusting nodes run by operators. The nodes do not need to trust each other to execute their validator responsibilities, and a certain number can be offline without affecting validator performance. No single node can sign data on behalf of a validator, yet not all are needed to create a valid signature, adding fault tolerance to the staking ecosystem. The result is a reliable, decentralized, secure staking solution for Ethereum.

SSV.network is an open-source, community-driven protocol that anyone can use or develop on. It is DAO-governed and has unrestricted access and usage. SSV can be used for Staking-as-a-Service, DIY staking, and DeFi apps.

SSV can benefit stakers, operators, and the Ethereum network by promoting validator uptime, security, and decentralization. It offers optimal performance and security for stakers, while Staking-as-a-Service companies can provide staking services with infrastructure resilience and reduced slashing risk. DIY stakers can also improve redundancy while operating highly customized configurations.

The SSV token is used for governance and fees in the ssv.network and SSV protocol. Only SSV token holders can vote on network decisions. Stakers pay operators and the DAO in SSV tokens for validator management and network usage. The network aligns stakers’ and operators’ interests by rewarding operators with SSV tokens for generating ETH rewards for stakers.