to make centralized staking providers a problem of the past

Ten different staking dapps will be deployed when launches its mainnet


Dang Pham/Shutterstock modified by Blockworks


Decentralized staking infrastructure revealed that it will launch its mainnet in a bid to bring distributed validator technology to life.

In proof-of-stake networks, validators are responsible for locking in “stakes” to participate in the process of securing and adding new blocks to the blockchain. 

Ethereum stakers, for example, need to lock in 32 ether in order to become a validator. For stakers who do not have 32 ether, they can turn to liquid staking providers to participate in network activities. 

Today, most liquid-staked ether (ETH) is held by a handful of players — most prominently, Lido, which holds over 32% of the entire staking market share. 

Centralized exchanges such as Binance, Coinbase and Kraken also possess a large slice of the cake, making up roughly 19% of staked ETH in the ecosystem.

Enabling DVT would allow one validator to be run by multiple nodes, according to Blockworks research analyst Westie.

“This helps decentralize the staking infrastructure and helps keep uptime because only one node needs to be online and allows for more flexibility behind how validators are constructed,” he said.

In the case of, each validator node would be run by a rotating set of registered operators governed specifically by SSV smart contracts.

Ten different staking dapps will be deployed on SSV at its mainnet launch. These include Stader, Ankr, Stakestar, 01node, Metapool, StakeTogether, XHash, Chainup, Coindelta and Claystack. 

“Together with the partners and the community, SSV Network can usher in a new paradigm for Ethereum staking,” Alon Muroch, protocol lead at SSV said in a press statement. “Our goal is to onboard even more users who would be otherwise wary of trusting single entities, while not wanting to go through the relatively complex process of staking independently.”

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. What you can expect: And more! Don’t miss out on the opportunity to be in the room when the future of crypto is decided. Join us and help shape the future of our […]

recent research

Research report - cover graphics-2.jpg


Base has doubled-down on its commitment to the Superchain vision, has shown early signs of success with nearly $400M in TVL, and has become home to novel dapps such as which has seen significant traction.


Blockchain is a “natural fit” in games based on open economies and user-generated content, says Wyatt


Their current stance is a half-baked attempt that could stifle innovation and burden an emerging industry


Maker’s DeFi-focused “subDAO” passed a proposal activating a lending market for DAI on the Gnosis Chain


Certain creditors could be repaid sooner, with one hedge fund exec telling Blockworks it expects a payout by the end of the year


Busan is South Korea’s second largest city with a population around 3.4 million


Cyprus granted eToro crypto registration, setting the groundwork for the company to operate crypto services post-MiCa rollout