The SSV Network DAO and Ether.fi have announced a new Learn & Earn campaign on the Galxe platform. This initiative is designed to educate the community about Distributed Validator Technology (DVT) and its role in decentralizing Ethereum’s base layer and enhancing restaking operations.
SSV DAO and Ether.fi Offer $50,000 Prize in New Learn & Earn Campaign
The current partnership between SSV DAO and Ether.fi entails an opportunity for participants to be part of a raffle of 150 winners who will split a $50,000 ETHFI prize pool. In addition, all participants will receive points within the framework of Ether.fi’s Season 3 program. The parameter campaign will be held for two weeks. It will engage the community and give a better understanding of how DVT helps Ether.fi’s non-custodial staking protocol.
Party participants in the Learn & Earn campaign will earn points by studying how SSV is to decentralize Ether.fi’s operations. Ether.fi currently has more than over 6,500 validators on the SSV beta Network making it among the most active participants on SSV’s open-source staking protocol. As the number of ETH staked in Ether.fi exceeds $4.5 billion, ETHFI token became one of the leading assets in the DeFi ecosystem.
SSV Network Now Safeguards 1.3M ETH, Overtakes Kraken in Staking
Following the launch of SSV Network’s mainnet in December, the growth has been fast and its Total Value Locked (TVL) has grown. The network now safeguards over 1.3 million ETH staked, operated by over 900 node runners who assist over 40,000 validators. Most recently, SSV marginally outranked Kraken to become the fifth-largest staking service provider in Ethereum. It underlines its significance in the ecosystem.
DVT is becoming an indelible part of the multi-billion-dollar staking industry securing the validator layer of Ethereum for SSV. Learn & Earn initiative by SSV and Ether.fi aims to educate the audience and incentivize them to understand DVT and restake better.
This campaign demonstrates the fact that DVT is becoming increasingly vital within the space. Besides, it is paramount in ensuring the network of Ethereum is secure and decentralized. Both SSV and Ether.fi anticipate that the campaign will bring the community closer to the technology playing a considerable role in shaping the future of decentralized finance.