At P2P.org, the non-custodial staking service provider, we’re excited to share that we’ve teamed up with SSV Network to introduce our new DVT-backed restaking solution for Ethereum. This partnership marks a major leap forward in Ethereum staking, providing a more secure, streamlined, and community-driven method.
DVT-Powered Restaking Solution Enters the Market
The collaboration between P2P.org and SSV Network showcases the significant potential of DVT technology. This innovation will be widely adopted in the liquid staking market, as it enables staking protocols to expand their validator pool, leading to improved efficiency in maintaining uptime and enhancing decentralization.
With Distributed Validator Technology, the responsibility for managing keys is shared among multiple entities. This setup ensures that no single point of failure exists. DVT operates by dividing the validator’s controlling key into smaller pieces within a cluster. As a result, it becomes extremely difficult for an attacker to gather all the required key fragments to seize control.
At P2P.org, we’ve developed a restaking solution that utilizes SSV Network’s Decentralized Validator Technology (DVT) for enhanced Ethereum staking security and reliability. By incorporating DVT into our platform, we allow validators to engage in various instances, thus dispersing the crucial fragments among distinct nodes.
Simultaneously, the staking feature provides a yearly return of more than 5.6%, enabling users to earn rewards for helping secure Ethereum and Layer 2 networks, ensuring their reliability and robustness in the process.
P2P.org Launches Staking-as-a-Business Model
Recall that P2P.org launched an entirely novel concept called Staking-as-a-Business (SaaB) to change the approach that companies implement in staking services. This creative solution solves common problems like restricted utility, attracting people to take advantage of staking services, and generating earnings.
Based on the announcement, the SaaB model provides a framework that includes staking functionality and additional benefits such as legal, marketing, and sales assistance. Ethereum users can stake to back the network and receive incentives in return.
The total value secured on P2P.org significantly surged, growing from $1.4 billion at the close of Q1 2023 to an astounding $7.3 billion by Q1 2024’s end. This remarkable expansion underscores Ethereum users’ increasing trust and dependence on P2P.org’s staking system, solidifying its position as a significant market player.
According to Dune Analytics’ data, approximately 240,832 ETH were being validated through P2P.org as of April 8. This represents around 0.75% of the total Ethereum currently staked. Consequently, P2P.org ranks among the top Ethereum validators, competing with prominent players such as Lido.
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2024-04-18 11:24