Welcome to The Syndicate

A name for something that already exists

The Syndicate has been operating in the background of Ethereum's staking economy for years.

Lido, ether.fi, Puffer, Mantle, and Origin Ether all run validator infrastructure on SSV's distributed validator technology. That arrangement is real and load-bearing. It secures a meaningful share of staked ETH and shapes how validators on Ethereum stay decentralized at scale. Until now, it didn't have a name.

The cSSV Syndicate Boost campaign brings this partnership into the spotlight, and invites holders of the Syndicate to step into the network they have been part of.

What changed at the infrastructure layer

For most of SSV's history, the relationship between the network and the holders of liquid staking tokens and restaking wrappers was structural but invisible. Their staked ETH was being secured by SSV's DVT layer. There was no economic surface for them to engage with.

That changed with SSV Staking, which went live earlier this year. Network fees that were previously denominated in SSV are now denominated in ETH, and that fee flow routes to SSV stakers through the staking contract.

The path looks like this: Validator activity → ETH-denominated network fees → SSV Staking → cSSV holders

For the first time, the validator infrastructure underneath much of Ethereum's staking economy has an economic layer that token holders can participate in, in ETH, without leaving their existing position.

Years in the making

Leading staking protocols on Ethereum have, over time, brought parts of their validator stack to SSV's distributed validator technology. That pattern of adoption, repeated across the ecosystem, built the network that today secures roughly 7.1M+ ETH across approximately 110,000 validators and 1,900 globally distributed node operators.

Lido validators run through SSV. ether.fi made DVT a foundational part of how their restaking layer operates. Puffer's anti-slashing architecture sits on top of SSV infrastructure. Mantle's mETH is staked through validator setups that use SSV. Origin Ether built OETH with the same commitment to decentralized validator infrastructure.

Behind each of these protocols are holders who have, indirectly, been part of the SSV network without ever interacting with it directly. The cSSV Syndicate Boost recognizes that.

The Syndicate Boost Campaign

Eligible Holdings

A wallet qualifies for the Syndicate Boost if, at the snapshot on June 5, 2026 at 2:00 PM UTC, it held any of the following tokens.

Mechanics

The Syndicate Boost runs for 30 days, from June 9, 2026 at 2:00 PM UTC to July 9, 2026 at 2:00 PM UTC.

To participate, a qualifying wallet must:

1. Hold an eligible token at the June 5 snapshot.

2. Stake a minimum of 50 SSV during the campaign window.

3. Keep the staked position in place through a 90-day lock period following the close (until October 7, 2026).

The boost stacks on top of base SSV Staking rewards and scales by stake size:

Holders can continue to claim their ETH rewards or stake additional SSV at any time without affecting eligibility. Unstaking during the campaign window or the 90-day lock period forfeits the boost. Transferring cSSV to a different wallet before payout also forfeits the boost. Base SSV Staking rewards are unaffected in either case.

Full T&Cs are available here.

A quick primer on cSSV

When a holder stakes SSV, they receive cSSV at a 1:1 ratio. cSSV is a liquid, non-rebasing ERC-20 token that represents the staked position and carries a claim on ETH-denominated network fees generated by the protocol. Rewards accrue continuously to the wallet holding the cSSV and can be claimed at any time, without unstaking. Governance weight remains with the staked position in the same wallet.

cSSV is the bridge between staked SSV and the economic layer of the SSV Network. The Syndicate Boost is the incentivized on-ramp into that bridge for the holders who have been part of the infrastructure all along.

Learn more about SSV staking & cSSV.

Key dates & links

The Syndicate is opens on June 9. See you inside.