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  • ssv.network has raised $10 million to enable ETH 2.0‘s decentralized staking infrastructure.
  • Because of the popularity of ETH staking, the network has positioned itself as Ethereum’s Layer 0 network.
  • Through its DAO Partner Program, ssv.network’s technology has attracted several powerful partners.
Ssv.network, an open-source and decentralized protocol, has raised $10 million to support the development of decentralized staking infrastructure for ETH 2.0.

The fund will allow it to carry out its mission of facilitating access to decentralized ETH staking. This will be accomplished by offering a safe means for dividing a validator key across non-trusting nodes or operators.

This new solution is critical for addressing the underlying flaws with the present huge centralized exchanges, staking providers, and even highly sophisticated at-home validators. It gives them the stability and infrastructure they need to build liquid staking protocols, delegation services, staking pools, and so on Ethereum 2.0.

Because of the increasing popularity of ETH staking and Ethereum’s imminent move to Proof-of-Stake, ssv.network has positioned itself as Ethereum’s Layer 0 network (POS).

During the first and second batches of its DAO Partner Program, the technology also supplied ssv.network with strong partners. This encourages significant ETH stakeholders to join the SSV DAO, which is still active.

The network has collaborated with Coinbase, Digital Currency Group, Lukka, and others, including Gate.io Ventures, OKEX Ventures, Lead Capital, DSRV, NGC Ventures, and Forbole, with more on the way.

Similarly, the network has onboarded many ecosystem partners, including Chainlayer.io, DappNode, RockX, Allnodes, Stakin, Skillz, BloxStaking, Everstake, Blocscape, Valid Blocks, Shardlabs, AMBER, and Infstones, with more businesses, grants, and major individuals on the way.

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