Ankr is a platform offering 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 benefit from ssv.network’s advances in distributed validation technology to improve risk management and validator performance. It will also promote decentralization between nodes in a completely transparent way. Combining this technology with Ankr’s liquid staking will increase security for anyone holding Ankr’s liquid-staked derivatives.
Over the next few months, Ankr will continue to grow 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 stress test, ensure stability, and test some of the staking and delegation incentives being considered for the network.
The teams responsible for both protocols will continue to collaborate to improve the staking and node-running experience for the growing cash staking economy.
” We are delighted that Ankr is part of the SSV ecosystem. Ankr was one of the first ETH liquid staking pools in space, its team has incredible technological foresight and the ability to execute quickly. This also goes for their decision to early adopt DVT and build a next-gen staking pool on the ssv.network. Staking will be 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 staking solutions. Staking currently represents $9 billion for the crypto-economy and is expected to reach $20 billion after the Ethereum Merge. If this trend remains stable and Proof-of-Stake becomes the dominant protocol, it could reach 40 billion dollarss by 2025.
Filipe Gonçalves, Chief 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 demand for staking grows, we will grow alongside it with the ability to provide staking rewards to an unlimited number of new users. »
Ankr has taken the lead 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 stakers and node operators. Merging ssv.network’s distributed validation technology model with Ankr’s liquid staking infrastructure will create the next generation of liquid staking protocols. Together, Ankr and ssv.network can shape the future of liquid staking by providing more decentralization, security, and accessibility to stakers and node operators globally.
SSV technology is entirely new to the blockchain ecosystem. SSV is short for Secret Shared Validator, although this technology is also called Distributed Validator Technology (DVT). It allows any validator node to distribute its keys among four separate operators to provide a fail-safe system for the operation of the node. DVT promotes customer diversity, decentralization, and resilience to failures while mitigating the risk of disruption and downtime.
The distributed operation of an Ethereum validator made possible by SSV will be complemented by Ankr’s own 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 prospects. of earnings.
The combination of Ankr’s agile infrastructure and distributed validation technology is intended to enable node operators of all sizes to access 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, thereby improving monetary security for all who hold liquid derivatives of Ankr.
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.
Ankr is a decentralized Web3 infrastructure provider that powers the core layer of Web3, DeFi, and the digital economy on over 20 blockchains. Ankr’s RPC Node Marketplace allows 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 benefit from easy access to liquid staking infrastructure to build ecosystems with the largest source of cryptocurrency yield available.
Ankr’s goal is to serve as the essential infrastructure for the growth of Web3 while ensuring that it remains decentralized through the Ankr Network. To not miss any announcement, follow Ankr on Twitter and their websiteand ssv.network on social networks and their website.
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