SSV DAO is accountable for creating 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 shoppers and repair suppliers, leading to centralization.
SSV DAO has made staking simply accessible to varied 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 trade leaders resembling DCG, Coinbase, and extra. Currently, it’s doubling down on constructing the required staking infrastructure for varied 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 a lot of the treasury belongings of the DAO. More revenue is prone to be generated from the community charges as extra customers stake Ethereum utilizing ssv.community.
The further revenue shall be out there in SSV tokens for the DAO. Hence, to maximise this revenue for SSV DAO, customers are required to contribute to the next segments:-
- Protocol choices and improvement
- Determine the protocol charges
- Assist with increasing the ecosystem (Ethereum at stake, variety of operators, and DAO members).
- Supervise operator exercise.
The treasure of the native token will be utilized to fund totally different initiatives that may assist the ecosystem and protocol develop:-
- Grants for community progress and protocol improvement.
- Revenue is straight shared with SSV holders.
- Token swaps for treasury diversification.
- Marketing and neighborhood incentivization (dMarketing).
- Investment by strategic partnerships in trade for SSV tokens.