Home web3.0 SSV Network partners with Ether.fi to enhance protocol decentralization capabilities

SSV Network partners with Ether.fi to enhance protocol decentralization capabilities

Apr 23, 2024 am 09:13 AM
original universe Ethereum geographical location web3.0 arbitrum Bitcoin Liquidation ZB/zb.com

SSV Network与Ether.fi合作 以提升协议去中心化能力

This site (120bTC.coM): SSV Network announced that it will cooperate with the liquidity staking project ether.fi to integrate decentralized validator technology (DVT) and re-staking technology to strengthen The security of user assets and the diversity of validators enhance the decentralization capabilities of the protocol.

Introduction to SSV Network

SSV Network is a representative case of Distributed validator technology (DVT). Unlike Lido or Coinbase, which do not have control over the private keys of validator accounts, SSV Network uses Secret Shared Validator technology to allow users to truly pledge ETH to the network without requiring 32 ETH. threshold.

The goal of SSV Network is to solve the problem of the gradual centralization of the Ethereum POS staking economy.

SSVNetwork provides a flexible pledge mechanism

The DVT mechanism can strengthen the security of Ether.fi

Ether.fi integrates SSV Network into its protocol and strengthens Ether through DVT technology. fi Liquidity Staking Protocol security to prevent asset loss due to user-side errors, geo-risk, and other issues that could break validators.

Strategic carrier selection and geographic diversity. This integration allows Ether.fi to leverage node operators on the SSV Network, which are strategically located around the world including Finoa, PierTwo, Allnodes, DSRV, a41, P2Porg, Node Monster and Chainnodes, further reducing costs. point failure risk and increase diversity.

SSV Network allows stakers to control their keys, and validator keys are split into key shares, making it more difficult for malicious actors to compromise validators. This also allows stakers to retain custody of the keys and store them securely offline.

Ether.fi cooperates with seven node operators

Among the seven nodes, two nodes can be allowed to go offline at the same time. By choosing based on different clients, infrastructure settings and geographies, Ether.fi can enhance the protocol's long-term viability and ability to withstand external pressures.

SSV Network与Ether.fi合作 以提升协议去中心化能力

Ether.fi is a node operator partnering with SSV Network

In the past few weeks, Etherfi has introduced more than 1960 verifications on the SSV Network equipment, which is approximately approximately US$200 million in assets.

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