The vulnerability exposed by the node operator under $lido today is not a big problem, but it is a huge opportunity for $ssv. Today’s#ETHPOS pledges are concentrated in centralized institutions, and they have a strong need to transfer the necessary 10% -50% is transferred to the decentralized staking service, and coincidentally SSV can cooperate with all their projects because it is the most basic underlying protocol without any competition. So the question is, what valuation should be given to SSV that is reasonable?

Currently, Coinbase has 27.9 million ETH pledged.

$LDO 9.16 million ETH, FDV 2.58 billion US dollars

$RPL 1.03 million ETH, FDV 559 million US dollars

$SSV 50,000 ETH, FDV 245 million US dollars

Personally, I would first look at the price of $500 million corresponding to $40 in the short term. The $2.5 billion equivalent to today's ldo in the long term is the lowest starting point, corresponding to $190! (At that time, LDO's market value might have been US$10-20 billion, and its 10% share was really low).