Ethereum

Boost

2024

Billion

<h4>This partnership changed the trajectory of staked assets and propelled SSV’s TVL to $2 Billion in the space of a month, further increasing ETH stakers to over 19,000.</h4> 
Let’s look into this partnership and see what’s going on with SSV.Network and Ether.Fi. 
<h5>SSV.Network and Ether.Fi Boost Staking Efficiency and Security</h5> 
<a href="https://ssv.network/" target="_blank" rel="noopener">SSV.Network</a> is a leading staking infrastructure. This massive growth results from its partnership with <a href="https://www.ether.fi/" target="_blank" rel="noopener">Ether.Fi</a>. It is a remarkable restaking platform that leverages SSV’s Distributed Validator Technology (DVT) in its activities. 
Within 30 days, the TVL of staked Ethereum on SSV’s protocol has increased, surpassing $2 Billion. This increase in TVL has also led to an increase of over 19,000 in Ethereum stakers using SSV. The SSV network protocol with over 400 node operators and staking providers now holds over 568,000 ETH. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Thrilled to announce that <a href="https://twitter.com/ether_fi?ref_src=twsrc%5Etfw">@ether_fi</a> has integrated SSV for its staking operations! 
 Learn how SSV, together with <a href="https://twitter.com/P2Pvalidator?ref_src=twsrc%5Etfw">@P2Pvalidator</a>, provide robust infrastructure to Etherfi to enable resilient and distributed Restaking <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/3Z1bXNKHds">https://t.co/3Z1bXNKHds</a> 
 — SSV Network (@ssv_network) <a href="https://twitter.com/ssv_network/status/1782361421449466056?ref_src=twsrc%5Etfw">April 22, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
SSV partnered with Ether. Fi to make its system a lot more decentralized. Ether.Fi leverages SSV’s <a href="https://www.originprotocol.com/what-is-distributed-validator-technology-dvt" target="_blank" rel="noopener">DVT</a> to its staking setup to increase its tolerance level and decentralization.&nbsp; 
Ether.Fi’s CEO, <a href="https://x.com/mikesilagadze?s=21" target="_blank" rel="noopener">Mike Silagadze</a>, further expressed the platform’s need for a more decentralized and tolerant protocol. With DVT, anyone can access a globally distributed network of relevant node operators. The integration of DVT to Ether.Fi improves its node operator setup and the security of ETH staked on Ethereum’s base layer. 
<h5>More About Ether.Fi &amp; SSV.Network</h5> 
Ether.Fi increased SSV’s TVL by $200 million and introduced over 2,000 validators to SSV. Network. DVT plays an important role in Ethereum staking. It strengthens <a href="https://www.altcoinbuzz.io/?s=ETH+stake" target="_blank" rel="noopener">ETH staking</a> capacity by mitigating single points of failure and reducing the risk of slashing. With DVT technology, a single validator operates many parties, leading to trust in restaking operations.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Distributed Validators Technology (DVT) is a game-changer for institutions. 
 It mitigates the risk and improves the Ethereum protocol. If you're an institutional Client, your concerns about: – Single-point of failure – Geolocalisation – Uptime 
 Are now well addressed. Interested? <a href="https://t.co/23vLuM527H">pic.twitter.com/23vLuM527H</a> 
 — P2P.org (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1784862671978033651?ref_src=twsrc%5Etfw">April 29, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
SSV.Network creates infrastructures that are easy to use and scalable for developers. SSV powered by DVT improves the staking experience by empowering staking operators and validators to take part in staking Ethereum. 
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<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ssv-network-boosts-ethereum-staking-with-ether-fi-partnership/">SSV.Network Boosts Ethereum Staking with Ether.Fi Partnership</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

SSV.Network Boosts Ethereum Staking with Ether.Fi Partnership

Altcoin Buzz

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