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SSV Network and Ether.fi launched a Learn & Earn campaign to promote decentralized restaking on Ethereum.
The SSV Network DAO and Ether.fi have joined forces to launch a new Learn & Earn campaign on the Galxe platform. Part of the reasons behind the collaboration is to educate community members about the advantages of Distributed Validator Technology (DVT) as well as the importance of decentralizing Ethereum’s base layer.
Through this partnership, participants can earn a share of a $50,000 ETHFI prize pool. 150 lucky winners will be randomly selected. Aside from this, all users will also have the chance to earn points as part of Ether.fi’s Season 3 incentive program.
The campaign is set to last for two weeks, aiming toward increasing engagement and activities while at the same time informing them about the role of DVT in powering the SSV network Ether.fi’s restaking operations.
Members who partake in the Learn & Earn campaign will gain points for getting themselves accustomed to SSV’s role in helping decentralize Ether.fi’s non-custodial protocol.
Ether.fi’s Achievements in Staking and the Growth of the SSV Network
Ether.fi has been able to record some achievements since it emerged. The liquid restaking company has over 6,500 validators running on the SSV Network, making it one of the leading adopters of this open-source staking technology. It has also gotten more than $4.5 billion in ETH staked, and its ETHFI token has grown to become a prominent DeFi token.
The SSV network has also been growing continuously since its mainnet launch in December. The project has seen many people use its technology, which has caused a spike in its Total Value Locked (TVL).
The network’s growth has seen it rank above Kraken to become the fifth-largest Ethereum staking provider, which could be linked to its new milestone of securing more than 1.3 million staked ETH. It is also supported by more than 900 operators running over 40,000 validator nodes.
SSV Network is a seamless staking system for developers to use. The network uses DVT technology, a new development designed mainly for distributing validation between multiple machines. Due to its flexibility, SSV lets node operators and validators join the network and participate in distributed staking without needing any permission.
As mentioned earlier, Ether.fi is a developer of liquid restaking technology on Ethereum. This solution makes it simpler for people to stake their Ethereum without giving up control of their coins. Through this initiative, Ether.fi helps make the Ethereum network more decentralized while making it easier for Ethereum holders to participate and earn rewards.
Distributed Validator Technology is now a key part of the billion-dollar staking industry. It plays an important role in keeping Ethereum’s validator layer secure. The Learn & Earn campaign, created by SSV Network and Ether.fi, will help people understand DVT and decentralized restaking. It will also reward users for participating.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
