SSV.network to make centralized staking providers a problem of the past

Ten different staking dapps will be deployed when SSV.network launches its mainnet

article-image

Dang Pham/Shutterstock modified by Blockworks

share

Decentralized staking infrastructure SSV.network 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 SSV.network, 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.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /