ssv.network is an open source, fully decentralized ETH Staking network, based on Secret Shared Validator (SSV) technology. The project provides an open and simple infrastructure to split and distribute validator keys across multiple KeyShares for the purpose of running Ethereum Validators on multiple untrusted nodes.
The project provides anyone with trustless access to staking ETH, provides a robust and stable staking infrastructure, and promotes diversification and decentralization on the Ethereum network.
SSV tokens are used to pay fees in the network. In addition, SSV acts as a reward mechanism:
– Miners receive SSV from distributors to manage their validators and generate ETH rewards on their behalf.
– Traders pay SSV to miners and receive ETH rewards directly from the blockchain.