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<a href="https://bitcoinworld.co.in/p2p-org-collaborated-with-ssv-network-to-launch-distributed-validator-technology-for-staking/" title="P2P.org Collaborated With SSV Network To Launch Distributed Validator Technology For Staking" rel="noopener noreferrer nofollow"></a>
P2P.org, a non-custodial staking service provider, has announced the launch of its Distributed Validator Technology (DVT)-powered restaking solution with Ethereum staking infrastructure protocol SSV Network.&nbsp;
This collaboration represents a significant advancement in Ethereum staking, offering a more secure, efficient, and decentralized approach.
<h3 id="span-style-font-weight-400-dvt-powered-restaking-solution-enters-the-market-span">DVT-Powered Restaking Solution Enters the Market</h3>
The partnership between P2P.org and SSV Network marks one of the largest demonstrations of DVT’s capabilities.&nbsp;
The technology will become ubiquitous in the liquid staking market, since it allows staking protocols to extend their validator set, bringing greater efficiencies in terms of maximizing uptime and bolstering decentralization.
Distributed Validator Technology is a solution for assigning key management to multiple parties which allows these entities to be responsible for maintaining a validator. This eliminates single points of failure.&nbsp;
DVT entails splitting the key used to control the validator into a cluster. This helps make it virtually impossible for an adversary to obtain all the key parts needed to assume control.
P2P.org’s restaking solution harnesses the power of SSV Network’s DVT to offer Ethereum stakers a more robust and secure staking experience.&nbsp;
By integrating DVT, P2P.org enables validators to participate in multiple instances, distributing the key fragments across different nodes.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ragnarok-enters-web3-through-ronin-and-gravity-partnership/" aria-label="“Ragnarok Enters Web3 Through Ronin And Gravity Partnership” (Edit)" rel="noopener noreferrer nofollow">Ragnarok Enters Web3 Through Ronin And Gravity Partnership</a>
Meanwhile, the staking product offers an annual percentage yield (APY) of over 5.6%. This yield allows users to benefit from the rewards associated with securing ETH and Layer 2 protocols while maintaining the integrity and stability of the underlying network.
<h3 id="span-style-font-weight-400-p2p-org-launches-staking-as-a-business-model-span">P2P.org Launches Staking-as-a-Business Model</h3>
Recall that P2P.org launched an entirely novel concept called Staking-as-a-Business (SaaB) to change the approach that companies implement in staking services.&nbsp;
This creative solution solves common problems like restricted utility, attracting people to take advantage of staking services, and generating earnings.
According to the announcement, the SaaB model offers an infrastructure for staking and extra services like legal, marketing, and sales support. Staking is a way for ETH users to support the network while earning rewards.
However, the overall value locked for P2P.org has increased considerably, rising from $1.4 billion at the end of the first quarter of 2023 to an impressive $7.3 billion by the end of the first quarter of 2024.&nbsp;
This amazing growth shows that Ethereum users are becoming more and more reliant on and trusting of P2P.org’s staking infrastructure, making it a big player in the industry.
<a href="https://dune.com/queries/2394100/3928083" rel="noopener noreferrer nofollow">Data</a> from Dune Analytics shows that as of April 8, 240,832 ETH were staked on P2P.org, which is 0.75 percent of all the Ethereum that is staked.&nbsp;
This makes P2P.org one of the best validators in the Ethereum environment, up against big names like Lido.
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The post <a href="https://bitcoinworld.co.in/p2p-org-collaborated-with-ssv-network-to-launch-distributed-validator-technology-for-staking/" rel="noopener noreferrer nofollow">P2P.org Collaborated With SSV Network To Launch Distributed Validator Technology For Staking</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

P2P.org Collaborated With SSV Network To Launch Distributed Validator Technology For Staking

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