In a significant development for the decentralized finance (DeFi) space, SSV.Network, a decentralized Ethereum staking infrastructure protocol, has joined forces with P2P.org, a non-custodial institutional staking provider, to introduce the DVT Staking API. This collaboration aims to provide institutions with a seamless and secure gateway to Ethereum staking through the innovative SSV protocol.
The DVT Staking API, crafted collaboratively by SSV.Network and P2P.org, is designed to cater to the complex requirements of custodians, wallets, and neo-banks, offering a streamlined workflow for staking services. The API acts as a bridge, facilitating the integration of DVT-powered staking requests using the SSV protocol, thereby enhancing the overall security and robustness of institutional staking operations.
Transforming the Staking Landscape
DVT, short for Distributed Validator Technology, is a groundbreaking method that distributes Ethereum validator duties among multiple non-trusting nodes. This approach ensures fault tolerance and heightened security, playing a crucial role in mitigating staking risks and providing a resilient framework for managing digital assets and staking strategies.
As the SSV.Network approaches the final stages of its mainnet launch, more staking applications are set to deploy SSV infrastructure, reinforcing and decentralizing their validator operations. The permissionless launch of SSV, pending DAO approval, will enable node operators and validators to join the network, fostering widespread adoption and utilization of the DVT primitive.
The collaboration between SSV.Network and P2P.org commenced when P2P.org became a Mainnet Verified Operator during the SSV Limited Mainnet Launch. The SSV.Network grant awarded to P2P.org has played a pivotal role in the development and launch of the DVT Staking API, signaling a concerted effort to advance institutional staking solutions.
Alon Muroch, SSV.Network Core Team Lead, emphasized the inclusivity of SSV.Network’s infrastructure, stating, “From the largest institutional grade staking services to at-home stakers can benefit from using SSV.Network infra. The goal is to have many diverse onramps to DVT-powered staking to secure and decentralize Ethereum. The P2P.org staking API is an excellent example of what can be done to promote the next era in staking.”
Alex Esin, CEO of P2P.org, lauded the innovation behind the DVT Staking API, inviting institutions and businesses to leverage this novel solution. Esin remarked, “We welcome all institutions and businesses to leverage this novel Staking API, to not only meet the demands of their current staking strategy but also to be well-prepared for the decentralized landscape of tomorrow.”
Accelerating the DeFi Evolution
Founded in 2018, P2P.org has emerged as a key player in providing staking infrastructure for Ethereum and 49 other blockchain programs, including Cardano and Cosmos. With institutional staking solutions that include white label nodes and slashing insurance, P2P.org has successfully staked over $2.1 billion worth of assets, solidifying its position in the staking ecosystem.
SSV.Network stands at the forefront of advancing DVT, a groundbreaking development facilitating the decentralized operation of Ethereum validators through a network of trustless nodes. Positioned as a key element in Ethereum’s strategic roadmap, DVT addresses protocol-wide correlation and downtime risks. This network operates as a globally distributed, community-owned public good, managed by a multitude of nodes spanning the planet.
Playing a pivotal role in supporting the DVT ecosystem, SSV.Network actively collaborates with over 50 development teams dedicated to crafting next-generation Ethereum staking applications. These diverse use cases, encompassing everything from comprehensive staking services to individual stakers utilizing the SSV protocol, are poised to drive the widespread adoption and utilization of the DVT primitive.
The network’s commitment to fostering a dynamic and secure decentralized validator infrastructure reflects its crucial role in shaping the future of Ethereum staking. SV.Network and P2P.org’s partnership and the launch of the DVT Staking API marks a significant stride towards enhancing the accessibility and security of Ethereum staking for institutional players, underlining the continued evolution of DeFi infrastructure.
