The SSV Network DAO and Ether.fi have announced a new Learn & Earn campaign on the Galxe platform. This initiative aims to educate the community about Distributed Validator Technology (DVT) and its role in decentralizing Ethereum’s base layer and improving recovery operations.
SSV DAO and Ether.fi Offer a $50,000 Prize in New Learn & Earn Campaign
The current partnership between SSV DAO and Ether.fi offers participants the opportunity to participate in a raffle of 150 winners who will split a $50,000 ETHFI prize pool. Additionally, all participants will receive points under Ether.fi’s Season 3 program. The parameter campaign lasts two weeks. It will engage the community and provide a better understanding of how DVT helps Ether.fi’s non-custodial staking protocol.
Party participants in the Learn & Earn campaign will earn points by studying how SSV will decentralize Ether.fi’s operations. Ether.fi currently has over 6,500 validators on the SSV beta network, making it one of the most active participants in SSV’s open-source staking protocol. As the amount of ETH staked in Ether.fi exceeds $4.5 billion, the ETHFI token became one of the most important assets in the DeFi ecosystem.
SSV Network Now Protects 1.3 Million ETH and Overtakes Kraken on Strike
Following the launch of SSV Network’s mainnet in December, growth has been rapid and Total Value Locked (TVL) has grown. The network now protects more than 1.3 million ETH stakes, managed by more than 900 node runners assisting more than 40,000 validators. Most recently, SSV marginally surpassed Kraken to become the fifth largest Ethereum staking service provider. It underlines its significance in the ecosystem.
DVT will become an indelible part of the multi-billion dollar staking industry that secures Ethereum’s validator layer for SSV. SSV and Ether.fi’s Learn & Earn initiative aims to educate the public and encourage them to understand and better resit DVT.
This campaign shows that DVT is becoming increasingly important in space. Furthermore, it is of utmost importance to ensure that Ethereum’s network is secure and decentralized. Both SSV and Ether.fi expect the campaign to bring the community closer to the technology that plays a significant role in shaping the future of decentralized finance.
