SSV DAO is accountable for growing the ssv.community, an open-source distributed validator infrastructure dedicated to distributing grants to the event groups to assist them decentralize the consensus layer of Ethereum within the improvement of its transition to POS.
ssv.community is a community-driven open-source protocol that permits trustless operation and distribution of an ETH validator between autonomous staking operators or nodes. ssv.community is a response to the constraints of the present ETH staking ecosystem. Ethereum staking is at the moment targeting a restricted variety of validator purchasers and repair suppliers, leading to centralization.
SSV DAO has made staking simply accessible to numerous staking configurations and operators. This has resulted in enhanced safety, validator efficiency, and fault tolerance. The SSV DAO holds greater than $10 million in belongings after the partnership with well-known business leaders akin to DCG, Coinbase, and extra. At the moment, it’s doubling down on constructing the required staking infrastructure for numerous decentralized staking apps. It encourages builders to go for grants and take part in incentivized check nets and bug bounties.
Many rising initiatives are innovating the community, and the primary aim of SSV DAO is to extend the variety of belongings that the DAO treasury holds. ssv.community’s native token, SSV tokens, will comprise many of the treasury belongings of the DAO. Extra revenue is more likely to be generated from the community charges as extra customers stake Ethereum utilizing ssv.community.
The extra revenue can be accessible in SSV tokens for the DAO. Therefore, to maximise this revenue for SSV DAO, customers are required to contribute to the next segments:-
- Protocol choices and improvement
- Decide the protocol charges
- Help with increasing the ecosystem (Ethereum at stake, variety of operators, and DAO members).
- Supervise operator exercise.
The treasure of the native token might be utilized to fund totally different initiatives that may assist the ecosystem and protocol develop:-
- Grants for community progress and protocol improvement.
- Income is immediately shared with SSV holders.
- Token swaps for treasury diversification.
- Advertising and neighborhood incentivization (dMarketing).
- Funding by strategic partnerships in alternate for SSV tokens.
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