SSV Network DAO and Ether.fi announce plans to host Learn and Earn Activities On the Galxe platform. The program will educate the community on the benefits of Distributed Validator Technology (DVT) for re-staking and the importance of decentralization of Ethereum’s base layer.
The SSV DAO’s partnership with Ether.fi will give participants a chance to share in a $50,000 ETHFI prize pool split between 150 randomly selected winners. All participants will also receive points as part of the Ether.fi Season 3 program. During the two-week event, it will drive community engagement while educating participants on the role DVT plays in strengthening Ether.fi’s re-staking business.
Community members who participate in the Learn & Earn campaign will receive points for becoming familiar with SSV’s role in helping to decentralize the Ether.fi non-custodial protocol. To date, Ether.fi runs over 6,500 validators on the SSV network and is one of the leading adopters of its open-source staking infrastructure. Currently, over $4.5 billion in ETH is staked in Ether.fi, making ETHFI the leading DeFi token.
Following the launch of its mainnet in December, SSV Network has grown rapidly, with TVL soaring and hundreds of projects leveraging its technology. SSV now has over 1.3 million staked ETH and is supported by over 900 operators running over 40,000 validators. SSV recently surpassed Kraken to become the fifth largest staking provider on Ethereum.
DVT is now a cornerstone of the multi-billion dollar staking industry and plays a key role in securing the Ethereum validator layer. The Learn & Earn campaign in partnership with SSV and Ether.fi will help increase awareness of DVT and re-staking while rewarding users for participation.
About SSV Network
The SSV network is an easy-to-use and scalable staking infrastructure for developers. SSV uses DVT technology, a groundbreaking architectural framework specifically designed to distribute validation across multiple machines. Thanks to its agnostic design, SSV enables node operators and validators to join the network and participate in distributed staking in a trustless and permissionless manner.
learn more: https://ssv.network/
About Ether.fi
Ether.fi is the developer of liquid re-staking 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 in Ethereum’s re-staking ecosystem.
learn more: https://www.ether.fi/
Disclaimer: This article is for informational purposes only. It does not provide or is intended to be used as legal, tax, investment, financial or other advice.
