First DVT-based Ethereum Liquid Staking Protocol ClayStack Goes Live

First DVT-based Ethereum Liquid Staking Protocol ClayStack Goes Live
Source: Claystack

ClayStack Released the first DVT(Distributed Validator Technology) implementation of Ethereum liquid staking on mainnet. The protocol claimed to be a decentralized and scalable alternative to the existing liquid staking protocol in the market.

The protocol removes the minimum capital requirement to run validator nodes on Ethereum and makes the architecture highly scalable. Every validator will be run by a cluster of SSV operators, which will comprise of both professional and home-running node operators. This will increase the overall fault tolerance of the network and reduce its susceptibility to systemic failures.

Related: SSV.Network Launched Public Mainnet

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Liquid Staking Derivatives (LSD)

Ethereum

Related News
Daily Market Wrap: Anti CBDC Bill Daily Market Wrap: Anti CBDC Bill
Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum
Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling
Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
Latest News More More
8 Hours Ago Daily Market Wrap: Project Crypto
11 Hours Ago Daily Market Wrap: Rates Steady
6 Days Ago Daily Market Wrap: FOMC
July 28 Daily Market Wrap : EU Tariff Deal
July 10 Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open