3 BILLION 💙 https://ssvscan.io | ssv network on Binance Square

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3 BILLION  💙
https://ssvscan.io

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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A new proposal is now live on the SSV Snapshot! This proposal aims to increase the validator limit that operators can manage by 100%, allowing operators to manage up to 1,000 validators up from 500, resulting in more efficient operations overall. Vote at https://snapshot.box/#/s:mainnet.ssvnetwork.eth/proposal/0x0c3795a0f0dd1ac99c62f9ee4e2acc89421756605d7611de97759add211173ff

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Restaking and Based Applications (bApps) both aim to extend Ethereum’s security, but they do it in fundamentally different ways. One requires locking up more capital and taking on systemic risk. The other reuses Ethereum’s validator set efficiently and securely. Here’s what you need to know 🧵👇

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The SSV DAO is excited to see further delegation in the SSV Governance. A total of ~200,000 SSV Tokens were delegated to various cohorts in the community to foster a diverse governance environment, including participants from @sigp_io, @P2Pvalidator, @Kiln_finance, @Allnodes.

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The 16th round of SSV's Incentive Program is now out and ready for claiming. This time, a total of 61,319 SSV are distributed to 58,817 active validators, amounting to ~$755,450 at current value.

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Security for applications is broken. Based Applications fix this. Right now, protocols either build their own staking or use capital-based models → both inefficient & risky. But now, SSV 2.0 and bApps change everything 👇

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