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Ankr partners with ssv.network to enable trustless and safer ETH liquid staking.
Ankr, a multi-chain infrastructure provider for Web3, DeFi and the digital economy, announced Wednesday, September 14th that it has partnered with ssv.network, the leading decentralized validator technology infrastructure protocol.
In a press release shared with Coinjournal, the team said the partnership will see Ankr integrate advances in ssv.network’s decentralized validator technology to improve risk management and validator performance.
Additionally, this partnership facilitates decentralization across nodes in a completely trustless manner.
Combining ssv.network’s technology with Ankr Liquid Staking will improve financial security for all who hold liquidity staking derivatives from Ankr, the team added.
Ankr added that it will continue to work with ssv.network over the coming months to expand its base of operators and validators. This ensures timely and effective integration of the node operator’s protocol into the distributed network.
Ankr added that additional steps will be taken to stress test, ensure stability, and test some of the staking and delegation incentives being considered by the network.
The Ankr and ssv.network teams said they will continue to work together to enhance the current staking and node execution experience for the growing and fluid staking economy.
ssv.network lead Alon Muroch commented:
We are delighted to have Ankr as part of the SSV ecosystem. Ankr was one of the first ETH liquid staking pools in the space and their team has demonstrated amazing technical foresight and rapid execution. The same applies to their decision to become an early adopter of DVT and build a next generation staking pool on top of ssv.network, which will take staking to the next level. will raise it to
Filipe Gonalves, Head of DeFi at Ankr, added:
Ankrs partnership with SSV.Network offers everything users want from liquid staking, the highest level of security and decentralization with stable and attractive yields. We will scale accordingly and be able to offer staking rewards to any number of new users.
This latest development comes at a time when the market is showing increasing interest in liquid staking solutions. According to Ankr, staking is now a $9 billion business for the crypto economy, and he is projected to reach $20 billion after the Ethereum merger.
The team believes that this trend could continue to grow and reach $40 billion by 2025 as proof of stake becomes the dominant protocol.
Finally, the decentralized operation of Ethereum validators enabled by SSV will be complemented by Ankr’s own liquid staking infrastructure. This includes the delegation of funds to trusted nodes, the introduction of liquid staking tokens to free up user capital, cross-chains to bridge liquid staking tokens to various blockchains for maximum earning opportunities. Includes integration.
