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SSV Network and Ether.fi have kicked off a new Learn & Earn initiative centered on the concept of liquid restaking.

In Brief

The SSV Network DAO, in partnership with Ether.fi, has introduced a Learn & Earn program via Galxe, aiming to inform users about the benefits of Distributed Validator Technology (DVT) related to restaking.

Organization behind the SSV Network announced a partnership with the SSV Network DAO, aimed at developing liquid restaking technology for Ethereum. Together, they are launching an educational initiative on the Galxe platform that seeks to enlighten users about the benefits of DVT for restaking, while underscoring the significance of decentralization in Ethereum's core structure. Ether.fi DVT is a strategy that optimizes transaction validation across blockchain platforms, especially within Ethereum’s Proof-of-Stake environment. Its main goal is to bolster security and promote decentralization by distributing responsibilities and powers typically held by a single validator among multiple nodes. Learn & Earn This collaboration opens up opportunities for users to compete for a slice of a $50,000 ETHFI prize pool, which will be shared among 150 lucky winners chosen at random. Additionally, every participant will accumulate points as part of Ether.fi’s Season 3 program. Over the span of the two-week campaign, the goal is to foster community interaction while educating the participants about DVT’s vital role in enhancing Ether.fi’s restaking features.

Participants involved in the Learn & Earn initiative will gather points by exploring how SSV contributes to the decentralization of Ether.fi’s non-custodial protocol. Currently, the SSV Network boasts of over 6,500 validators and stands out as one of the leading users of this open-source staking technology. With more than $4.5 billion of ETH staked on Ether.fi, ETHFI has solidified its status as a key player in the decentralized finance sector.

As Ethereum's fifth-largest staking provider, SSV Network has witnessed remarkable growth.

This brand symbolizes a robust staking infrastructure created for developers, driven by Distributed Validator Technology. Its adaptable framework allows node operators and validators to join the network effortlessly, facilitating decentralized and open participation in staking. Ether.fi Since launching its mainnet last December, it has experienced rapid expansion, with its total value locked (TVL) skyrocketing as numerous projects embrace its technology. The network now secures over 1.3 million staked ETH and is supported by more than 900 operators managing upwards of 40,000 validators. Recently, it outperformed Kraken to claim the title of Ethereum’s fifth-largest staking provider.

Distributed Validator Technology of the SSV Network.

Please keep in mind that the information presented on this website is not intended to serve as, and should not be construed as legal, tax, investment, financial, or any other type of advisory. It is crucial to only invest what you can afford to lose and seek independent financial guidance if you have any uncertainties. For more details, we recommend checking the terms and conditions and the help and support pages provided by the issuer or advertiser. MetaversePost is committed to delivering timely, accurate reporting, but market conditions can fluctuate without prior notice. DVT technology Alisa serves as a passionate journalist at Cryptocurrencylistings, specializing in cryptocurrency, zero-knowledge proofs, investments, and the vast expanse of Web3. With a sharp eye for trends and emerging technologies, she provides thorough coverage to enlighten and engage readers navigating the fast-paced digital finance landscape.

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Disclaimer

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Published on August 27, 2024, at 9:00 AM, with updates provided later that same day at 7:43 AM.

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SSV Network and Ether.fi are collaborating to introduce an exciting Learn & Earn campaign centered on liquid restaking, as detailed on Metaverse Post.