SSV Network and Ether.fi Launch Learn and Earn Campaign with $50K Prize Pool

SSV
Network
and
Ether.fi
have
announced
a
groundbreaking
partnership
aimed
at
revolutionizing
liquid
restaking
through
Distributed
Validator
Technology
(DVT).
According
to

SSV
Network,
this
collaboration
will
be
celebrated
with
a
two-week
Learn
and
Earn
campaign
on
the
Galxe
platform,
offering
participants
a
chance
to
win
from
a
$50,000
prize
pool
in
ETHFI.

Campaign
Details

The
campaign
invites
participants
to
deepen
their
understanding
of
SSV
Network,
Ether.fi,
and
the
importance
of
base-layer
decentralization.
By
completing
various
tasks,
including
quizzes
and
educational
activities,
participants
will
become
eligible
to
win
from
the
prize
pool,
which
will
be
distributed
among
150
random
winners.
Additionally,
participants
can
earn
Ether.fi
Season
3
loyalty
points
as
an
extra
incentive.

About
Ether.fi

Ether.fi
is
a
leading
liquid
restaking
protocol
on
Ethereum,
allowing
users
to
stake
ETH
or
stETH
and
receive
eETH,
a
natively
re-staked
liquid
staking
token
(LRT).
The
LRT
earns
staking
rewards
across
popular
networks
and
the
DeFi
ecosystem,
accumulating
loyalty
points
and
other
partner
rewards
to
boost
yield.
With
over
6,500
validators
running
on
SSV
Network,
Ether.fi
is
a
significant
player
in
the
decentralized
finance
landscape.

About
SSV
Network

SSV
Network
is
an
open-source,
decentralized
DVT
infrastructure
that
enables
developers
and
solo
stakers
to
distribute
validators
among
globally
decentralized
node
operators
in
a
trust-minimized
manner.
By
integrating
DVT,
restaking
applications
can
utilize
highly
performant
node
operators
to
enhance
their
products.

How
SSV
Enhances
Ethereum’s
Base
Layer

The
integration
of
DVT
into
Ether.fi
aims
to
bolster
the
security
and
resilience
of
Ethereum’s
base
layer.
Distributing
validator
duties
across
multiple
nodes
minimizes
the
risk
of
single
points
of
failure
and
ensures
fault
tolerance,
even
if
some
nodes
go
offline.
This
setup
enhances
Ethereum’s
crypto-economic
security
and
resilience.

Importance
of
DVT
in
Restaking

1.
Enhanced
Resilience:
The
integration
of
SSV
fortifies
Ether.fi’s
restaking
operations,
making
them
more
resilient
against
client
bugs,
geographical
risks,
and
single
points
of
failure.

2.
Strategic
Node
Operator
Selection:
Ether.fi
selects
node
operators
from
the
SSV
Network
based
on
geographic
location,
infrastructure
setup,
and
client
diversity,
maximizing
decentralization
and
alignment
with
Ethereum’s
ethos.

3.
Enterprise-Grade
Cluster
Configuration:
Ether.fi
employs
a
robust
cluster
size
of
seven
entities,
allowing
up
to
two
node
operators
to
go
offline
without
impacting
validator
performance,
ensuring
high
availability
and
reliability.

4.
Key
Security
and
Custody:
Ether.fi
allows
stakers
to
retain
control
of
their
keys,
with
DVT
splitting
the
validator
key
into
encrypted
keyshares
for
added
security,
making
it
difficult
for
malicious
actors
to
compromise
a
validator
while
keys
are
stored
offline.

How
to
Participate
in
the
Campaign

To
join
the
Learn
and
Earn
campaign,
participants
should
log
in
to
the

official
campaign
page
with
their
wallet,
complete
the
outlined
tasks,
and
enter
the
raffle.
Winners
will
be
randomly
selected
once
the
countdown
timer
ends,
and
participants
can
check
back
to
claim
their
prizes
if
they
win.

This
campaign
offers
a
unique
opportunity
to
learn
about
distributed
restaking
with
Ether.fi
and
SSV
while
standing
a
chance
to
win
substantial
rewards.
The
initiative
underscores
the
growing
importance
of
DVT
in
enhancing
the
security
and
resilience
of
Ethereum’s
base
layer.

Image
source:
Shutterstock