In 2023, few crypto narratives have been as persistent as Ethereum staking. With new DeFi use cases in short supply, and a spate of hacks dampening enthusiasm for untested smart contracts, staking has become a safe haven for many. Tens of billions of dollars are locked into the Ethereum staking contract, much of it through liquid staking protocols such as Lido and Rocket.
As staking has grown in stature, the liquid staking tokens it’s unleashed, such as stETH, are being put to use in DeFi, earning users additional yield. Meanwhile, the development of staking protocols is providing further utility while providing a way to secure layer2 networks. Now, with the launch of SSV.network’s mainnet, the final piece in the staking puzzle – DVT – is about to be slotted into position.
DVT Makes Its Mainnet Debut
Distributed Validator Technology (DVT) is a clever solution that allows a single Ethereum validator to be controlled by multiple operators. Developed by the founders of SSV.network
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