Key Points
- SSV Network DAO and Ether.fi have initiated a Learn & Earn campaign to promote decentralized Ethereum restaking.
- The campaign offers a $50,000 ETHFI prize pool and aims to educate participants about Distributed Validator Technology (DVT).
SSV Network DAO and Ether.fi are collaborating to launch a Learn & Earn campaign on the Galxe platform. The aim of this initiative is to educate community members about the benefits of Distributed Validator Technology (DVT) and the significance of decentralizing Ethereum’s base layer.
Participants of this campaign have the opportunity to earn a portion of a $50,000 ETHFI prize pool. 150 winners will be chosen randomly. Additionally, all users will have the opportunity to earn points as part of Ether.fi’s Season 3 incentive program.
The Campaign and Its Impact
The campaign is scheduled to run for two weeks. It aims to increase engagement and activities while educating participants about the role of DVT in powering the SSV network and Ether.fi’s restaking operations. Those who participate in the Learn & Earn campaign can earn points by familiarizing themselves with SSV’s role in decentralizing Ether.fi’s non-custodial protocol.
Ether.fi has achieved significant milestones since its inception. The liquid restaking firm has over 6,500 validators operating on the SSV Network, making it a leading adopter of this open-source staking technology. It has also managed to stake more than $4.5 billion in ETH, and its ETHFI token has become a well-known DeFi token.
SSV Network’s Growth
The SSV network has been experiencing consistent growth since its mainnet launch in December. The project has seen a surge in its Total Value Locked (TVL) due to the increasing number of people utilizing its technology. The network’s growth has led it to surpass Kraken, becoming the fifth-largest Ethereum staking provider. This achievement can be attributed to its new milestone of securing over 1.3 million staked ETH. The network is also supported by more than 900 operators running over 40,000 validator nodes.
SSV Network provides a seamless staking system for developers. The network utilizes DVT technology, a new development designed primarily for distributing validation across multiple machines. SSV allows node operators and validators to join the network and participate in distributed staking without needing any permission due to its flexibility.
Ether.fi is a developer of liquid restaking technology on Ethereum. This solution simplifies the process for people to stake their Ethereum without surrendering control of their coins. Through this initiative, Ether.fi contributes to making the Ethereum network more decentralized while making it easier for Ethereum holders to participate and earn rewards.
Distributed Validator Technology is now a crucial component of the billion-dollar staking industry. It plays a significant role in securing Ethereum’s validator layer. The Learn & Earn campaign, created by SSV Network and Ether.fi, aims to educate people about DVT and decentralized restaking, while also rewarding users for their participation.
