ether.fi Integrates Distributed Validator Technology from SSV Network
ether.fi, the liquid restaking platform on Ethereum, has recently integrated Distributed Validator Technology (DVT) from SSV Network.
On its official X (formerly Twitter) account, SSV Network announced the collaboration with ether.fi to enhance the restaking project’s infrastructure stability, decentralize the network, and mitigate risks.
Thrilled to announce that @ether_fi has integrated SSV for its staking operations!
— SSV Network (@ssv_network) April 22, 2024
Learn how SSV, together with @P2Pvalidator, provide robust infrastructure to Etherfi to enable resilient and distributed Restaking 👇https://t.co/3Z1bXNKHds
Enhanced Network Stability and Decentralization
With this integration, ether.fi gains access to a globally distributed network of Node Operators, including prominent names such as P2Porg, Finoa, and Allnodes. The cluster structure adopted by ether.fi will consist of 7 Node Operators. This model ensures that even if 2 out of the 7 Node Operators go offline, the network's stability remains unaffected, and Validators can continue participating in the validation process seamlessly.
In recent weeks, approximately 1,900 Validators from ether.fi have been added to SSV Network, with a total value locked from these Validators estimated at around $200 million.
Advancements in Liquid Staking
Additionally, SSV Network has completed the final testing phases of the Simple DVT program in collaboration with Lido Finance. This program is expected to launch on the mainnet soon, further decentralizing the liquid staking process and reducing associated risks.
What are the next steps to Mainnet?
— SSV Network (@ssv_network) April 19, 2024
In the upcoming weeks, further testing will commence. Afterwards, eligible SSV node operators will be chosen to be deployed on mainnet. Stay tuned for updates!
Distributed Validator Technology (DVT)
Distributed Validator Technology (DVT) distributes Validator signatures across multiple Node Operators, reducing the risk of attacks and ensuring continuous operation of the validation network.
Conclusion
The integration of DVT from SSV Network marks a significant milestone for ether.fi, bolstering the security and reliability of its liquid restaking platform. This collaboration is set to enhance the decentralization and resilience of the network, providing users with a more secure and efficient staking experience.
Stay tuned for more updates as ether.fi and SSV Network continue to innovate and expand their offerings in the DeFi space.
