SSV DAO to Distribute $10M in Grants for Staking Projects Ahead of Ethereum Merge

SSV DAO, the organization behind decentralized staking infrastructure ssv.network, will distribute $10 million in grants to development teams working on decentralizing Ethereum’s consensus layer. The SSV (Secret Shared Validator) DAO accrued $10 million in assets through strategic partnerships with Coinbase, Digital Currency Group and OKEx. SSV DAO will funnel more than $3 million into open and predefined grants for developers building applications and staking pools and other tools needed by the network. In addition, the organization has earmarked $3 million for bug bounties and $4 million for incentivised programs for early adopters and testers. The grants will be distributed in $USDC, $ETH and $SSV tokens.