Ethereum (ETH): A New Liquid Staking Partnership

Ankr is a platform that provides a multi-chain infrastructure for Web3, DeFi and the digital economy. Ankr announced a strategic partnership with ssv.network, a leading distributed validation technology infrastructure protocol.

This partnership will allow Ankr to take advantage of ssv.network’s advancements in distributed validation technology to improve risk management and validator performance. It will also promote decentralization between nodes in a fully transparent way. Combining this technology with Ankr’s liquid-stakes will increase security for everyone who owns Ankr’s liquid-staked derivatives.

In the coming months, Ankr will continue to expand its operator and validator base in parallel with ssv.network for fast and efficient integration into the protocol’s distributed node operator network. Additional steps will be taken to conduct a stress test, ensure stability and test some of the stakeout and delegation incentives being considered for the network.

The teams responsible for both protocols will continue to work together to improve the staking and node-running experience for the growing cash-stake economy.

We are delighted that Ankr is part of the SSV ecosystem. Ankr was one of the first ETH pools for liquid bets in space, the team has incredible technological foresight and the ability to execute quickly. This includes their decision to adopt DVT early and build a next-gen staking pool on the ssv.network. Strike is taken to the next level said Alon Muroch, head of ssv.network.

This breakthrough comes at a time when the market is showing growing interest in liquid deployment solutions. Strike currently represents $9 billion for the crypto economy and is expected to reach $20 billion after the Ethereum merger. If this trend remains stable and Proof-of-Stake becomes the dominant protocol, it could reach $40 billion by 2025.

Filipe Gonçalves, head of DeFi at Ankr, said: Ankr’s partnership with ssv.network offers everything our users expect from liquid staking: high levels of security and decentralization with stable and attractive returns. As the demand for staking grows, we will grow with the ability to offer staking rewards to an unlimited number of new users. »

Ankr has been leading the way in launching liquid staking as a form of capital release in the crypto markets and ssv.network has the technology to deliver a superior experience for strikers and node operators. Merging ssv.network’s distributed validation technology model with Ankr’s liquid staking infrastructure creates the next generation of liquid staking protocols. Together, Ankr and ssv.network can shape the future of liquid staking by bringing greater decentralization, security and accessibility to strikers and node operators worldwide.

SSV technology is completely new to the blockchain ecosystem. SSV stands for Secret Shared Validator, although this technology is also known as Distributed Validator Technology (DVT). It allows each validator node to distribute its keys among four separate operators to provide a fail-safe system for the node’s operation. DVT promotes customer diversity, decentralization, and failure resistance, while reducing the risk of disruption and downtime.

The distributed operation of an Ethereum validator, powered by SSV, will be complemented by Ankr’s proprietary liquid staking infrastructure. This includes delegating funds to trusted nodes, introducing liquid staking tokens to free up user capital, and cross-chain integrations to link liquid staking tokens to different blockchains to maximize revenue prospects.

The combination of Ankr’s flexible infrastructure and distributed validation technology aims to give node operators of all sizes access to greater accessibility while reducing financial, technical and risk barriers.

The planned implementation of ssv.network will help grow Ankr’s growing community of third-party node operators, improving monetary security for anyone who owns Ankr’s liquid derivatives.

About ssv.network

ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. It is an open-source protocol for easy and scalable access to decentralized ETH staking for everyone.

About Ankr

Ankr is a decentralized Web3 infrastructure provider that powers the core layer of Web3, DeFi and the digital economy on more than 20 blockchains. Ankr’s RPC Node Marketplace enables independent node providers to monetize their node infrastructure and enables Web3 developers to access Ankr’s increasingly decentralized RPC services with a pay-as-you-go model secured by the ANKR token. As a pioneer in liquid staking, Ankr has also democratized access to staking across multiple Proof-of-Stake chains. DeFi users, developers and platforms can all take advantage of easy access to liquid staking infrastructure to build ecosystems with the largest source of cryptocurrency revenue available.

Ankr’s goal is to serve as the essential infrastructure for Web3’s growth and ensure it remains decentralized through the Ankr network. In order not to miss any announcement, follow Ankr on Twitter and their website, and ssv.network on social networks and their website.

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