What is SSV.Network?

SSV.Network (SSV) is an infrastructure provider for decentralized validators, specializing in optimizing the creation and administration of Ethereum staking solutions. The network employs Secret Shared Validators (SSV) technology, alternatively referred to as Distributed Validator Technology (DVT), enabling the division of validator responsibilities among numerous autonomous operators. This methodology ensures active-active redundancy, fault tolerance, and non-custodial security, bolstering the reliability and resilience of Ethereum staking operations.

Who Created SSV.Network (SSV) ？

Founded by Alon Muroch, SSV.Network (SSV) benefits from his extensive experience in the cryptocurrency industry dating back to 2013, coupled with his expertise in computer science. Alon Muroch, who not only serves as the Founder but also contributes significantly to the core team of SSV.Network, brings a wealth of knowledge and insight to the development and implementation of the network's initiatives.

How Does SSV.Network Work?

1. Validator Selection: SSV.Network enables users to carefully select their desired validators for ETH staking, considering various factors such as reputation, performance, and overall contributions that enhance the network's security and dependability. This process of validator selection is crucial as it directly impacts the integrity and reliability of the staking operations within the network, ensuring users can engage with trustworthy and efficient validators for their ETH holdings.
2. Validator Operations: SSV.Network facilitates users in delegating their ETH staking to a diverse set of independent validators scattered across the network. This delegation process guarantees active-active redundancy and fault tolerance since each validator functions autonomously, reducing the risk of systemic failures and enhancing the network's resilience.
3. Validator Rewards: Validator Rewards in SSV.Network are allocated to validators who successfully validate blocks, with these rewards being dispensed in ETH. The distribution of these rewards is determined by the performance and contributions of each validator to the network, ensuring equitable compensation based on their effectiveness and reliability.
4. Security: SSV.Network's distributed validator technology provides non-custodial security for ETH staking by enabling each validator to function independently, thus eliminating a central point of control. This decentralized approach significantly lowers the risk of single-point failures, creating a highly secure environment for staking ETH and enhancing the overall reliability of the network.

Tokenomics

Token Utility

The SSV.Network (SSV) token has two main use cases:

1. Payments: The SSV token functions as a means for stakers to reimburse operators for overseeing their validators. Stakers will utilize SSV tokens to compensate operators, with each operator having the freedom to establish its pricing and engage in competition with other network operators.
2. Governance: Token holders of the SSV token have the opportunity to engage in decision-making processes and allocations within ssv.network. Through voting on proposals and contributing their own suggestions, users actively participate in shaping the network's trajectory, fostering community-driven initiatives, and propelling its advancement and expansion endeavors.

Token Distribution

The SSV.Network (SSV) token distribution is as follows:

• CDT Token Swap: All original CDT tokens can be swapped to SSV at a 1:100 ratio.
• DAO Allocation: 3 million SSV was minted by the DAO and allocated to future strategic partners.
• Blox Allocation: The largest CDT address held ~325 million CDT tokens, which will be upgraded to 3.25 million SSV tokens.
• DAO Treasury: 13 million SSV was created and allocated to the DAO treasury.