Introducing DxPool’s Staking Service with SSV Network DVT Integration

We are excited to announce a groundbreaking development: the integration of SSV Network’s distributed validator technology (DVT) into the DxPool platform. This strategic collaboration aims to simplify the management of digital assets and staking strategies for institutional and retail investors by utilizing cutting-edge DVT.

Securing up with DVT

Distributed Validator Technology (DVT) serves as a bridge to decentralized Ethereum staking, permitting multiple operators to control a single Ethereum validator, and thereby, reducing risks associated with node failure through shared responsibility.

Running an Ethereum validator on ssv.network achieves active-active redundancy, introduces new levels of validator key security, and benefits the Ethereum network, staking pools, staking services and solo stakers.

Our aim is to offer investors to experience smooth integration with SSV to maximize security. We have identified several key needs:

Risk Mitigation: Investors require robust mechanisms to manage staking risks, including counterparty and slashing risks.

Provider Versatility: The ability to choose from multiple node operators based on preferences and decentralization needs.

Integration Simplicity: A streamlined integration process that minimizes effort and maximizes efficiency.

DVT technology is a powerful solution for addressing these needs. By integrating SSV, DxPool enhances its platform, providing a unified access point for various staking services, including direct and liquid staking across multiple networks.

DxPool’s Integration of DVT Application

Investors may restake their assets through our official web page or our desktop application.

For web investors, simply turn on the “Use SSV to run my validator” to add an extra layer to your assets security and contribute decentralization to the network by selecting your own node operators.

The desktop application offers more advanced features for institutional investors.

Completely Secured: This tool is a GUI that will combine the functionality of both deposit-cli and SSV-keys in a completely offline state. All SSV network data that requires an internet connection will be fixed in the desktop app by means of a release, ensuring that after downloading the latest version of the DVT tool, users can get everything they need to stake validator on the SSV network while completely disconnected from the internet.

Simple, Convenient and User-friendly: Simplify the complex and technically-challenging operations, which by themselves need to be done from the command line, into a user-friendly process. A companion dApp will make the staking process as simple as possible for users, who only need to pay pure ETH instead of SSV to get SSV validators.

Free Node Operator Selection

DxPool’s desktop application and web both guarantee investors’ freedom over node operator selection.

One DxPool node is mandatory for the process but investors will have the liberty to choose the rest of operators.

Chooseable Operator Criteria: Operators with over 500 validators (current amount + amount about to be staked) and private operators are not choosable.

Conclusion

Integrating SSV Network’s distributed validator technology into DxPool represents a significant milestone in our mission to offer secure, efficient, and scalable staking solutions for institutional investors. Leveraging DVT, we enhance our platform’s capabilities, ensuring it meets the highest standards of risk management, flexibility, and integration simplicity. We look forward to leading the way in the staking industry, promoting the adoption of decentralized finance at the institutional level.