Golden Finance reported that Ethereum staking infrastructure provider SSV Network launched its permissionless mainnet, becoming the first project to achieve this milestone using “distributed validator technology” (DVT).
DVT enables Ethereum validators to share responsibilities with multiple parties, preventing single points of failure and improving overall resilience. The project says that with the launch of a permissionless network, anyone can stake and contribute to the overall health of Ethereum.
The SSV DAO aims to promote adoption of its DVT network by offering token rewards. The DAO recently approved a one-year incentive plan that allocates 1 million SSV tokens (currently worth about $24 million) to reward users who register as validators on the network.
