The partnership will see Swell Network prioritizing the integration of ssv.network's advancements in distributed validator technology which will help to better manage risk, improve validator performance, and promote decentralization across nodes in a fully trustless manner.
This will be further supported through the ssv.network grants program which will be bolstered by Swell committing a portion of its own treasury to ensure timely and effective integration into the protocol's distributed network of node operators.
Both protocols have been working closely together to deliver a better overall staking and node-running experience for the growing Ethereum staking economy.
“We have been in constant communication with the Swell team since inception. They are the first team to build an SSV based staking application from the get go. Their team is building its tech with the end game in mind. DVT is a major component of ETH staking, Swell are ahead of the curve by implementing the tech so early on. Congrats and can’t wait to see what they come up with."
- Alon Muroch, CEO SSV.Network
The planned implementation of ssv.network will help to bolster Swell's growing community of third party node operators who are responsible for managing the relevant infrastructure needed to earn staking rewards.
Together, with distributed validator technology, Swell will be aiming to provide the most accessible pathway for node operators of all sizes, by continuously working to reduce entry barriers including financial, technical, and risk hurdles.
The distributed operation of an Ethereum validator made possible by SSV, will be complemented by Swell's own staking protocol innovations in the liquid staking arena. This includes the development of the atomic transaction, the introduction of financial NFT to Ethereum staking, and incorporation of in-dapp vaults to streamline second layer yield generation on top of staking rewards by utilizing the liquid staking derivative token in DeFi.
"Swell Network represents the next generation of liquid staking protocols. Together, with SSV.Network's distributed validator technology, we are building the future of Ethereum staking to bring about more decentralization, security, and accessibility for Ethereum stakers and node operators everywhere"
- Daniel Dizon, Co-Founder & CEO Swell Network
Swell is aiming to integrate ssv.network in line with the protocol's roadmap for go-live into Ethereum mainnet.
Ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. It is an open source protocol for simple and scalable access to decentralized ETH staking for all.
About Swell Network
Swell Network is a next-generation Ethereum liquid staking protocol that provides a superior experience for stakers and node operators. The protocol offers attractive staking yields, a fully non-custodial approach, is fully permissionless, and is backed by leading Ethereum and decentralized finance supporters.