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SSV Network is now listed on Cryptology!

December 22, 2023
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Buy, sell and trade SSV 


📈 Spot trading of SSV/USDT is live

What is SSV Network?

It’s time to build scalable staking applications on Ethereum with SSV Network.

Since the emergence of Ethereum 2.0 and the change to Proof of Stake consensus, staking has become a pivotal aspect of crypto and blockchain development.

The main functionality of SSV is to ensure Ethereum's sustainability by migrating all staked ETH to Distributed Validator Technology. 

Thanks to the use of mesh network structure, blockchain developers are able to build decentralized staking applications.

Why exactly do developers choose SSV?

  • Permissionless - open source for communities to get involved.
  • Scalable - available for individual stakers and larger scaled ones.
  • Easy set up - run a staking validator with no hardware necessary.

Ethereum staking is unique as it utilizes Distributed Validator Technology. DVTs facilitate the distribution of staking validator operations across independent operators for a secure and robust experience that leaves users and developers in safe hands.

New teams looking to optimize their projects with SSV Network can apply for grants. They can then begin utilizing DVT via the SSV DAO. There is a $50 million ecosystem fund to be shared around.

To get more from staking, be sure to use the incentivized mainnet. Doing so boosts your APY returns by up to 50% and allows you to contribute to Ethereum staking and support its decentralization.

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The SSV Network token

The native token of the SSV Network is SSV.

It is primarily a utility token that is used to pay for the services of node operators on the SSV Network.

Operators can set their own fees which in turn are deducted from the rewards earned by users on the network.

SSV token is also used as a governance token to participate in the DAO and treasury allocation.

The more ETH that is staked, the more fees are collected in the treasury and then distributed as rewards to operators.

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Tokenomics:

Initially SVV token was known as CDT token before making the switch in 2021. 

  • 76.9% - CDT to SSV conversion
  • 23.1% - New partners

SSV’s market stats:

  • Current market cap: $231,136,770
  • Circulating supply: 10,000,000 SSV
  • Max supply: ∞
  • Twitter: 57,206 followers 

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The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.