Ankr and ssv.network Announce Integration of Advanced Validation Technology

Web3 and DeFi multi-chain infrastructure provider Ankr and distributed validator technology infrastructure protocol ssv.network have announced a strategic partnership, under which the former will integrate the latter’s advancements to improve validator performance and reliability. risk management, Invezz learned in a press release.

Increased monetary security

The combination of Ankr Liquid Staking with this technology will lead to increased monetary security for all holders of Ankr Liquid Derivatives. In the near future, Ankr will continue to expand its validator and operator bases in tandem with ssv.network for efficient and fast integration into the protocol’s distributed node operator network.

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Ssv.network manager Alon Muroch commented:

We are excited to have Ankr in the SSV ecosystem. Ankr was one of the first Ethereum liquid staking pools in space; their team has incredible technological vision and the ability to execute quickly. So is their decision to become early adopters of DVT and create a next-gen staking pool on top of ssv.network. This will take staking to the next level.

A $9 billion business to reach $40 billion in 2025

Currently, the market is showing a growing interest in liquid staking solutions. At present, the staking is worth $9 billion and is expected to reach $20 billion after the Ethereum merger. It could reach $40 billion by 2025 if the trend remains stable and proof of stake dominates as a protocol.

Ankr DeFi chief Filipe Gonçalves added:

Ankr’s partnership with ssv.network provides everything our users expect from liquid staking – the highest levels of security and decentralization with stable and attractive returns. As demand for staking grows, we will scale along with the ability to provide staking rewards to any number of new users.

Ankr promotes liquid staking as a way to release capital from the crypto market. Ssv.network has the technology to provide node operators and stakers with a superior experience. By merging Ankr’s liquid staking infrastructure with ssv.network’s distributed validation technology model, the next generation of liquid staking protocols will be created.

Ankr and ssv.network can improve security, decentralization, and accessibility for node operators and stakingrs globally, building the future of liquid staking.

About SSV Technology

SSV, which is short for Secret Shared Validator, ensures a fail-safe node operating system by allowing validating nodes to split keys among four different operators. It also promotes decentralization, customer diversity, and fault tolerance while mitigating downtime and reducing risk.

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