ChainCatcher news, SSV Network recently submitted two important proposals on its governance forum, which are currently under discussion.The first proposal aims to continue and expand the previous DIP-16 community and marketing management proposal, seeking additional funding for new activities and marketing services. This proposal requests $191,830 and $150,000 worth of SSV tokens for PR, conferences, and specific marketing activities, and additionally requests $1 million worth of SSV tokens as compensation for previous work.The second proposal involves technical upgrades and future development plans for SSV Network, including the Alan Fork upgrade, committee consensus upgrade, Pectra readiness upgrade, and several other technical improvements. This proposal requests $6 million worth of SSV tokens to support these technical development and upgrade efforts.

ChainCatcher news, according to CoinDesk, Lido announced that the simple distributed validator technology (DVT) software module supported by SSV Network has been fully deployed and is ready for deposits. According to the team: "The simple DVT module is designed to diversify the node operators connected to the Lido protocol and utilizing the protocol, while enhancing resilience, distribution, and security."This development also lays the groundwork for future more scalable and permissionless DVT-based modules. This release represents an important step towards a more decentralized, secure, and accessible Ethereum staking ecosystem.

ChainCatcher news, the SSV Network official announced on social media that the current ETH staking amount on the platform has exceeded 800,000 coins (approximately 2.8 billion USD).

According to ChainCatcher news, SSV Network has announced an adjustment to its funding strategy, which mainly includes:Enable a new application process: Temporarily close funding and reopen according to the new strategy;Stop seed round funding: No longer provide seed round funding for staking services and staking pools;Support existing grants: Guide currently approved grants to completion;Stop TVL grants: To avoid conflicts with the incentive mainnet program;Emphasize open funding: Focus on funding unique and critical components of the ecosystem;Maintain bug bounty and small grants: These programs will continue according to existing guidelines.

ChainCatcher news, SSV Network announced on social platforms that as a community-owned and DAO-managed protocol, it is crucial to identify, attract, and reward community members. A new community alliance program has been launched.

ChainCatcher message, SSV Network announced on social platforms that the last round of incentive activities has ended, with over 22,332 validators eligible to receive a total of 12,936 SSV, approximately 485,000 USD.

ChainCatcher news, SSV Network announced on platform X that the Ethereum liquidity re-staking protocol Etherfi has integrated with the SSV network. By utilizing SSV, Etherfi provides its users with uptime and beacon chain rewards, ensuring that Etherfi's validators continue to operate smoothly even in the event of client errors or unexpected maintenance or hardware failures.

ChainCatcher news, Ethereum staking infrastructure SSV Network has launched a new Distributed Key Generation (DKG) tool, suitable for situations where private keys should not exist. DKG allows a group of parties to collaboratively generate key and public key pairs in a distributed manner, thereby protecting them from being leaked, even if a certain number of parties are compromised, and there is no need for key management.

ChainCatcher message, ssv network posted on platform X that the amount of ETH staked on ssv network has exceeded 70,000.

ChainCatcher news, Lido DAO has approved the deployment of the Simple DVT module, aimed at achieving diversification of Lido node operators. This module enhances the accessibility of validators and adopts the design of the curated operator module along with the DVT solutions from Obol Network and SSV Network, leveraging the experiences from the second and ongoing third DVT testnet trials to optimize the deployment.

ChainCatcher message, the ssv network posted on platform X that the first round of incentive mainnet plan has been completed. According to the DAO guidelines and voting, a total of 2122 SSV tokens will be distributed to validators on the SSV network.Currently, SSV has 685 eligible validators for rewards, with a total of 1219 validators on the network.

ChainCatcher news, the liquid staking protocol StaFi announced that it has integrated the Ethereum staking infrastructure SSV Network on the mainnet, allowing users to stake their ETH to DVT on the StaFi rToken App.The current StaFi ETH liquid staking validator functionality supports trusted validators and individual validators. The new Router module developed by StaFi will integrate existing validator services with the upcoming SSV support and use its allocation algorithm to distribute the staked ETH from users to the corresponding validators.The Router will monitor the events and balances of the staking pool, which will reserve a certain amount of ETH for withdrawals. If the effective balance of the staking pool exceeds 20 ETH, users can choose to deposit 12 ETH as an individual validator and activate the validator on the beacon chain using their own server or SSV; this activation process needs to be completed manually. If the effective balance exceeds 32 ETH, the Router will automatically generate validator keys, register the validator on SSV, and activate the validator on the beacon chain. To enhance decentralization, StaFi plans to reduce the number of trusted validators and only use them as backups.

ChainCatcher news, Ethereum staking infrastructure SSV Network announced that two key proposals have passed snapshot voting. The mainnet incentive program will promote broader adoption of DVT through rewards, while the foundation company will help streamline both offline and online operations.The "Mainnet Incentive Program" proposal aims to create an incentive layer for the running SSV mainnet, stimulating DVT adoption and the growth of the SSV network by rewarding participants operating on the SSV network over the next year. The program will run from epoch 232538 for a duration of 1 to 12 months, until epoch 314887. Each validator on the mainnet will receive SSV token rewards based on a tiered reward system, with the rewarded SSV tokens minted by the DAO.Another proposal, "ssv.network DAO Foundation Merger," outlines the steps and motivations for establishing the Cayman Foundation for ssv.network DAO (referred to as the SSV Foundation), including foundation documents, personnel, and a timeline for establishment. Within three months from the approval of this proposal, the Foundation Working Group (FWG) will have the authority to instruct the SSV Foundation to take necessary steps to complete the registration process and begin smooth and efficient operations of the SSV Foundation.

ChainCatcher news, the "Mainnet Incentive Program" proposal from the SSV Network community has opened for voting, currently with a support rate of 100%, and will end on November 7. This proposal aims to create an incentive layer for the running SSV mainnet, stimulating DVT adoption and the growth of the SSV network by rewarding participants operating on the SSV network next year.The duration of the program will run from epoch 232538 (approximately October 1, 2023, 12:03 AM UTC) for a period of 1 to 12 months, until epoch 314887 (approximately September 30, 2024, 11:57 AM UTC). Each validator on the mainnet will receive SSV token rewards based on a tiered reward system (as shown in the image below), and the rewarded SSV tokens will be minted by the DAO.

ChainCatcher news, the Ethereum staking infrastructure SSV Network has released its Governance 2.0 plan, which will establish the SSV Foundation and empower the community, entering the next phase of transferring the protocol to the community. SSV Network will consist of three parts: the open-source protocol, SSV DAO, and the SSV Foundation.In the coming weeks, the official team will form the DAO and the SSV Foundation. Currently, the Foundation Working Group (FWG) has completed a comprehensive proposal for the establishment and operation of the SSV Foundation.Previous news, Alon Muroch, the Israeli founder of SSV Network, has been called up for military service.

ChainCatcher news, A. Matthias, the Global Business Director of SSV Network, stated on his social platform that the entire team is operating normally, and team members will be more united.Previously, SSV Network founder Alon Muroch stated that he has been conscripted into the Israeli military.

ChainCatcher news, Alon Muroch, the Israeli founder of the Ethereum staking infrastructure SSV Network, stated on the X platform: "I have been drafted, and the reality is much worse than described in the news."His social media profile location indicates that Alon Muroch resides in Israel.

ChainCatcher news, according to official sources, SSV Network has partnered with immunefi to launch a bug bounty program with rewards of up to $1 million. The bounty is categorized by the severity of the vulnerabilities, with the highest reward being $1 million, primarily focused on protocol smart contracts.

ChainCatcher news, SSV Network announced the launch of its decentralized staking mainnet, which is the first large-scale application introducing distributed validator technology, aimed at providing users with decentralized staking services.It is reported that the release of the SSV mainnet involves a dozen partners, including Stader, Ankr, Stakestar, 01node, Metapool, StakeTogether, XHash, Chainup, Coindelta, and Claystack, and these protocol dApps will integrate with SSV.