Ankr, a provider of multi-chain infrastructure for Web3, DeFi, and the digital economy, just made the announcement that they will be forming a strategic partnership with ssv.network. ssv.network is the premier infrastructure protocol for distributed validator technology. As a result of this collaboration, Ankr will integrate ssv.network’s recent technological developments in distributed validator systems in order to enhance risk management and validator performance. Additionally, it will encourage decentralization across nodes in a way that is fully trustless.
When this technology is combined with Ankr Liquid Staking, all those who possess liquid-staked derivatives from Ankr would experience enhanced financial security as a result. Ankr will continue to grow its operator and validator base in the coming months in unison with ssv.network in order to ensure a prompt and efficient integration into the protocol’s dispersed network of node operators. Additional efforts will be made to stress test, guarantee network reliability, and also test out some of the potential staking and delegation incentives that are being examined for the network.
According to ssv.network Lead Alon Muroch: “We are excited to have Ankr as part of the SSV ecosystem. Ankr were one of the first ETH liquid staking pools in the space, their team has incredible tech foresight and the ability to execute fast. The same applies to their decision to become early adopters of DVT and build a next-gen staking pool on top of ssv.network. This is going to take staking to the next level.”
Staying Ahead Of The Curve By Pioneering Liquid Staking
The developers behind both protocols will keep working together to improve the node-running and staking experiences now available to the expanding liquid staking market. This accomplishment occurs as the market’s demand for liquid staking solutions grows. Staking is currently a $9 billion industry in the crypto economy, and with Ethereum merging, it is expected to reach $20 billion. By 2025, it may reach $40 billion if this trend holds steady and proof of stake (PoS) replaces other protocols as the standard.
Ankr is at the forefront of the trend by developing liquid staking as a way to release capital in the cryptocurrency markets, and ssv.network has the technology to offer a better staker and node operator experience. The next iteration of liquid staking protocols will be produced by combining the Distributed Validator Technology model from ssv.network with the liquid staking infrastructure from Ankr. By fostering more global decentralization, security, and accessibility for stakes and node operators, Ankr and ssv.network can help define the direction of liquid staking.
Filipe Gonçalves, Chief of DeFi at Ankr, said: “Ankr’s partnership with ssv.network provides everything that our users desire from liquid staking – the highest levels of security and decentralization with stable and attractive yields. As the demand for staking increases, we will scale alongside it with the ability to provide staking rewards to any number of new users.”
Utilizing The SSV Technology With Ankr’s Infrastructure
The blockchain environment is completely new to SSV technology. Although this technology is referred to as Distributed Validator Technology (DVT), SSV stands for Secret Shared Validator. It permits any validator node to divide its keys among four distinct operators to ensure a failsafe scheme for node operation. DVT reduces the risk of slashing and downtime while simultaneously encouraging client diversity, decentralization, and fault tolerance.
Ankr’s very own liquid staking infrastructure will be utilized as a supplement to the decentralized operation of an Ethereum validator that is made possible by SSV. In order to maximize earning potential, this involves the delegation of assets to trusted nodes, the provision of liquid staking tokens to open up user capital, and cross-chain connectors to integrate liquid staking tokens to various blockchains.
The objective of combining Ankr’s agile infrastructure with distributed validator technology is to create the most approachable path for node operators of all sizes by lowering financial, technical, and risk barriers. The proposed implementation of ssv.network will assist in expanding Ankr’s community of third-party node operators, hence enhancing the financial security of all holders of liquid staked derivatives from Ankr.
A One-Of-A-Kind Collaboration For Scaling ETH Liquid Staking
ssv.network is a decentralized staking technology that facilitates distributed Ethereum validator operation. It is a technology for easy and widespread access to decentralized ETH staking that is open source and available to everyone. Ankr is a decentralized Web3 infrastructure provider that is now powering the basic layer for Web3, DeFi, and the digital economy on over 20 different blockchains.
With the help of Ankr’s RPC node marketplace, independent node providers can make money off of their node infrastructure, and Web3 developers can use a pay-as-you-go payment system protected by the ANKR token to use Ankr’s increasingly decentralized RPC services. Ankr, a leader in the field of liquid staking, was also a pioneer in the process of democratizing access to staking on numerous Proof-of-Stake chains.
Access to a liquid staking infrastructure that is simple to use will let DeFi users, developers, and platforms build ecosystems with the highest yielding crypto sources. Ankr’s mission is to become an essential component of Web3’s growing infrastructure while also guaranteeing that the platform retains its decentralized nature by utilizing Ankr Network.
