SSV DAO Starts $50 Million Ecosystem Fund to Push Ethereum's Decentralization Plan

SSV DAO, the decentralized organization behind the Ethereum staking infrastructure ssv.network, is starting a $50 million ecosystem fund to help mature Distributed Validator Technology (DVT) infrastructure.

DVT refers to a technology development that would allow an Ethereum proof-of-stake validator to be run on more than one node simultaneously.

Previously, SSV DAO allocated a $10 million grant to the Ethereum staking project in July 2022 to build DVT projects using the SSV protocol.