Next Generation Restaking: Learn and Earn with SSV x Ether.fi

TL;DR

– SSV Network and Ether.fi have partnered to revolutionize liquid restaking with Distributed Validator Technology (DVT).

– A two-week campaign on Galxe offers participants the chance to learn about SSV, Ether.fi, and base-layer decentralization.

– Participants can win from a $50,000 prize pool in ETHFI, with 150 random winners. Additional Ether.fi Season 3 loyalty points are also up for grabs.

The SSV Network DAO is excited to announce that Ether.fi has teamed up with SSV Network. Together, they aim to revolutionize the liquid restaking landscape by integrating Distributed Validator Technology (DVT). To celebrate the partnership SSV DAO is launching a Learn and Earn campaign on the Galxe platform in collaboration with SSV Network to educate the community on the integration.

Participants will have the opportunity to learn about the benefits of SSV for restaking, a look into Ether.fi’s node operations, and the importance of base layer decentralization. The campaign will run for two weeks, and by completing the tasks, participants will stand a chance to win from a prize pool worth $50,000 in ETHFI, which will be split among 150 random winners. As part of the campaign, participants will also win points as an extra incentive as part of Ether.fi’s Season 3 initiative.

What is Ether.fi?

Ether.fi is the leading liquid restaking protocol on Ethereum. It allows users to stake ETH or stETH and get eETH — a natively re-staked liquid staking token (LRT) in return. The LRT earns staking rewards across popular networks and the DeFi ecosystem, accumulating Ether.fi loyalty points, EigenLayer points, and other partner rewards to boost yield. To date, Ether.fi has more than 6,500 validators running on SSV Network.

What is SSV Network?

The SSV Network is a fully decentralized, open-source DVT infrastructure. It allows developers and solo stakers to distribute validators permissionlessly among globally decentralized node operators in a trust-minimized manner. By registering validators to SSV, re/staking applications can seamlessly plug into the network and utilize highly performant node operators as the backbone of their product.

How SSV Helps LRTs Decentralize Ethereum’s Base Layer

Integrating DVT into Ether.fi is crucial for enhancing the security and resilience of Ethereum’s base layer. By distributing validator duties across multiple nodes, DVT minimizes the risk of single points of failure and ensures fault tolerance, even if some nodes go offline. This means that LRTs can extend Ethereum’s crypto-economic security with peace of mind and ensure that the base layer is as resilient as possible.

Why DVT Matters in Restaking

1. Enhanced Resilience: Ether.fi’s integration of SSV fortifies its restaking operations, making them more resilient against client bugs, geographical risks, and challenges presented by single points of failure.

2. Strategic Node Operator Selection: Ether.fi strategically selects node operators (NOs) from the SSV Network based on geographic location, infrastructure setup, and client diversity. These NOs include Finoa, PierTwo, Allnodes, DSRV, a41, P2Porg, NodeMonster, and Chainnodes. This approach maximizes decentralization and alignment with the Ethereum ethos.

3. Enterprise-Grade Cluster Configuration: Ether.fi employs a robust cluster size of seven entities, allowing up to two NOs to go offline without impacting validator performance. This configuration ensures high availability and reliability.

4. Key Security and Custody: One of Ether.fi’s standout feature is that stakers retain control of their keys, with DVT splitting the validator key into encrypted keyshares for added security. This makes it difficult for malicious actors to compromise a validator while keys are stored offline.

How to Participate in the Learn and Earn Campaign

– Log in to Galxe: Visit the official campaign page and log in with your wallet.

– Complete the Steps: Follow the outlined tasks, which include learning about Ether.fi and SSV and participating in a quiz. After completing the tasks, you can enter the raffle by clicking “Enter” on the campaign page.

– Check Back After the Raffle: Galxe randomly selects eligible winners once the countdown timer ends. Check back to see if you’ve won and claim your prize if you’re a winner.

Conclusion

Don’t miss this opportunity to be rewarded for deepening your understanding of distributed restaking with Ether.fi and SSV. Join the campaign, learn about the benefits of DVT, and participate in the restaking revolution. Happy learning, and good luck!

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