DeFi

Galxe

Raise

The SSV Network DAO and Ether.fi have announced that they are hosting a&nbsp;<a href="https://app.galxe.com/quest/ssvnetwork/GCkCPtv1rn">Learn &amp; Earn campaign</a> on the Galxe platform. The initiative will educate the community about the benefits of Distributed Validator Technology (DVT) for restaking and the importance of decentralizing Ethereum’s base layer. 
The collaboration between SSV DAO and Ether.fi will give participants the opportunity to share in a $50,000 ETHFI prize pool, spread among 150 randomly picked winners. All participants will also gain points as part of Ether.fi’s Season 3 initiative. During the campaign’s two-week active period, it will drive community engagement while educating participants on the role DVT plays in strengthening Ether.fi’s restaking operations. 
Community members who participate in the Learn &amp; Earn campaign will accrue points for familiarizing themselves with SSV's role in helping decentralize Ether.fi’s non-custodial protocol. To date, Ether.fi has more than 6,500 validators running on SSV Network and is one of the leading adopters of its open-source staking infrastructure. More than $4.5B ETH is now staked in Ether.fi, with ETHFI becoming a leading DeFi token. 
Following its mainnet launch in December, SSV Network has grown rapidly as TVL has soared and hundreds of projects have begun utilizing its technology. SSV now secures over 1.3M staked ETH and is supported by over 900 operators running over 40,000 validators. SSV recently overtook Kraken to become Ethereum’s fifth-largest staking provider. 
DVT is now a cornerstone of the multi-billion dollar staking industry and plays a critical role in securing Ethereum’s validator layer. The Learn &amp; Earn campaign in collaboration with SSV and Ether.fi will help to advance understanding of DVT and restaking while rewarding users for their participation. 
About SSV Network 
SSV Network is an easy-to-use and scalable staking infrastructure for developers. SSV is powered by DVT technology, a pioneering architectural framework designed specifically for distributing validation between multiple machines. Thanks to its agnostic design, SSV empowers node operators and validators to join the network and participate in distributed staking in a trustless and permissionless manner. 
Learn more: <a href="https://ssv.network/">https://ssv.network/</a> 
About Ether.fi 
Ether.fi is a developer of liquid restaking technology on Ethereum. By simplifying non-custodial staking, Ether.fi enhances Ethereum’s decentralization while making it easier for ETH holders to participate and earn rewards. Ether.fi’s non-custodial delegated staking protocol is powered by ETHFI, a liquid staking token with multiple use cases within Ethereum’s restaking ecosystem. 
Learn more: <a href="https://www.ether.fi/">https://www.ether.fi/</a> 
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 
&nbsp;

SSV Network and Ether.fi Launch Learn & Earn Campaign to Raise Awareness of Liquid Restaking

Crypto Daily™

Other articles published on Aug 27, 2024

Elon Musk voices support for sweeping AI safety regulations

Bitcoin Eyes $72k As Market Moves Into Risk-On Phase; Lark Davis Reveals Top Altcoins

Binance Labs Invests in Four BNB Chain Projects

Ethereum (ETH) Whale Who Bought ETH At $20 And Sold At $4,000 Buys ETFSwap (ETFS) At $0.01831

OKX Shares Listing Announcements For Nine Altcoins! Here is the Full List!

Citi Trends, Inc. Falls Short of Expectations in Q1 with -$2.21 EPS

Join our free newsletter for daily crypto updates!