SSV proposal shifts planned work toward maintenance and a smaller funding request
An October 22 report says SSV Labs has submitted DIP-59, seeking an extension of its network-management mandate through June 30, 2027, with a reduced budget and scope. The proposed technical priorities for the second half of 2026 are completing the Boole network fork and supporting Ethereum's ePBS upgrade. The first half of 2027 would focus solely on maintenance, without new product development.
The reported funding request is 1.5 million USDC for 2026 and 2.7 million SSV tokens for the first half of 2027, including an option-conversion mechanism. The proposal also seeks $900,000 in assets as payment security. These are requested funding amounts in different units, not an approved budget or evidence that transfers have occurred.
Reported: 10-22 01:48 UTC
#EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade #OCCIssuesFirstFinalRuleUnderGENIUSAct