Ankr taps ssv.network to improve ETH liquidity staking
Web3 infrastructure provider Ankr has signed a strategic partnership with ssv.network, the open source and decentralized protocol that simplifies access to staking activities.
ssv.network, based on Secret Shared Validator (SSV) research – later dubbed DVT – describes itself as the first protocol allowing users to securely split a validator key between untrusted nodes or operators.
The alliance is focused on simplifying access to infrastructure for ETH liquidity staking and will see Ankr integrate ssv.network’s advances in distributed validator technology to improve risk management and validator performance.
As a completely open-source protocol, it will also promote decentralization between nodes in a totally trustless way. In other words, the combination of this technology with Ankr Liquid Staking will lead to increased monetary security for everyone who holds liquid derivatives of Ankr.
According to the statement, the technology gives anyone trustless access to staking by providing a stable infrastructure while promoting diversification and decentralization. It then uses a network of nodes operating under consensus to generate rewards for users.
Additional steps will be taken to stress test, provide stability, and also test some of the staking and delegation incentives being considered for the network.
Ankr’s infrastructure already allows developers access to dozens of leading blockchain platforms, including Ethereum, Polygon, and Polkadot, without having to go through complex technicalities.
Ankr offers Web3 users a platform where they can deploy nodes on Proof of Stake (PoS) blockchains, stake their PoS tokens, and access DeFi applications. Ankr’s native cryptocurrency, the ANKR coin, serves as a payment method on the platform. The Ankr protocol is said to serve around six billion blockchain requests per day across more than 50 networks.
“We are thrilled to have Ankr in the SSV ecosystem. Ankr was one of the first ETH liquid staking pools in space, their team has incredible technology vision and the ability to execute quickly. so has their decision to become early adopters of DVT and create a next-gen staking pool on top of ssv.network.This will take staking to the next level,” said Alon Muroch, Head of ssv. network.
Filipe Gonçalves, Head of DeFi at Ankr, said, “Ankr’s partnership with SSV.Network provides everything our users expect from liquid staking – the highest levels of security and decentralization with stable and attractive returns. As demand for staking grows, we will scale along with the ability to provide staking rewards to any number of new users.