ssv.network's mainnet was officially launched on August 1, introducing its Distributed Validator Technology (DVT) to facilitate Ethereum staking. Forbole proudly stands among the esteemed Top 20 Verified Operators in the SSV.network ecosystem. As a Verified Operator, Forbole exemplifies excellence in infrastructure, software, and hardware uptime, making it a reliable and high-performing participant.
Why is it so important to select Forbole as your operator in ssv.network?
In the SSV ecosystem, node operators play a critical role as the builders and maintainers of hardware infrastructure, ensuring the overall health of the network. However, Verified Operators, like Forbole, go beyond mere maintenance. They have been chosen for their trustworthiness and dedication to providing top-notch service quality. Verified Operators also actively engage in governance proposals, lending their expertise and insights to shape the ecosystem's future.
To become a Verified Operator, companies undergo rigorous screening by the SSV DAO Verified Operator Committee (VOC). This stringent process ensures that only reputable organizations with proven experience in running PoS staking and blockchain infrastructure services are recognized. Forbole's selection as one of the top 20 Verified Operators in the Mainnet Limited Launch phase speaks to its trustworthiness and credibility. However, these reasons are just the tip of the iceberg when it comes to selecting Forbole as your SSV operator; there is much more you need to discover.
The Current Problem with Ethereum 2.0 Staking Protocol
Traditional Ethereum staking comes with certain challenges that stakers face. Maintaining hardware that runs both an Ethereum execution client and consensus client while staying connected to the internet can be technically burdensome. Even with the option to seek assistance from an operator, stakers are still required to deposit a significant amount of 32 ETH solely for facilitating the validator node.
Fortunately, the evolution of Ethereum 2.0 Staking pools offers a solution to these issues. Stakers can now participate with any amount of ETH and collaborate with other stakers to collectively run the node, reducing technical hassles and minimizing the amount of assets locked up. While several Ethereum 2.0 Staking protocols exist in the market, some of them suffer from risks being entirely on the operator's shoulders. For instance, what if the node gets slashed or if the operator signs malicious transactions? Although the loss can be shared among the stakers in the pool, this approach is not considered an optimal practice.
ssv.network: Unleashing the Potential of Ethereum 2.0 Staking
The key distinction of SSV-integrated Ethereum 2.0 staking pool lies in its groundbreaking Distributed Validator Technology (DVT). This open-source protocol divides a validator's private key across a consensus group formed by multiple node operators, effectively distributing signing responsibilities and reducing single points of failure. The result is enhanced validator resiliency and a more robust system.
Forbole's commitment extends beyond providing exceptional SSV node maintenance; envision an SSV-integrated Ethereum 2.0 staking pool that caters to the best interests of ETH token holders, mitigating centralization concerns as Ethereum migrates to PoS. The non-custodial Ethereum 2.0 staking pool, backed by the established brand, staking expertise, and extensive user base, leverages the power of SSV technology.
The driving force behind the Ethereum 2.0 staking pool initiative is to serve individual Ethereum token holders better. Encouraging crypto mass adoption is a core value at Forbole, and they firmly believe that offering a staking pool for ETH 2.0 will benefit more users, particularly those with less than 32 Ethereum tokens, aligning with the goal of widespread adoption.
How the SSV-integrated Ethereum 2.0 staking pool works
The Forbole Ethereum 2.0 staking pool offers two user-friendly options for ETH token holders. For those with exactly 32 ETH, they can choose to generate their own validator. Meanwhile, individuals who wish to stake less than 32 ETH can opt to deposit their tokens into a smart contract, collectively forming a 32-ETH validator. The staking pool welcomes participants with as little as 1 ETH (subject to change) to join. The smart contract efficiently accumulates individual stakes until 32 ETH is reached. Once the threshold is met, the smart contract sends the 32 ETH to the official Ethereum Deposit Contract, creating a validator. This validator will be imported into the SSV platform, distributed across four operators. Forbole is one of the four operators, while the remaining three can be elected through an off-chain governance proposal. These four operators are hardcoded into the smart contract, and the withdrawal function is also handled by smart contracts, maximizing the utilization of the Distributed Validator Technology (DVT) to safeguard stakers' assets.
Aim to make PoS and staking more accessible for Ethereum token holders. Forbole's commitment to inclusivity drives us to cater to a wider user base, including those with less familiarity in the space. By offering a simple and user-friendly approach, empower more individuals to get started with staking. Forbole recognize that not all token holders possess the same level of sophistication, and the goal is to provide a seamless onboarding experience for everyone. For this innovative initiative, Forbole received a grant from the SSV grant committee, solidifying the commitment to developing a fully SSV-integrated Ethereum 2.0 staking pool that serves the needs of individual ETH token holders in the community.
Dive into the SSV-integrated Ethereum 2.0 staking pool with ease!
Prepare your $ETH and $SSV tokens as you embark on this exciting journey. $SSV, the native token of ssv.network, serves as a means for stakers to reward operators for their diligent validator management. Forbole is thrilled to announce that more information about the Forbole SSV-integrated Ethereum 2.0 staking pool will be unveiled very soon. Stay tuned for all the exciting details! Get ready to maximize your staking experience with Forbole and ssv.network.
Forbole Tech
We're a blockchain technology company founded in Hong Kong that offers reliable, native and scalable blockchain infrastructure solutions to help businesses and individuals navigate the Web3 world.
Please don't hesitate to reach out if you have any questions. To get in touch with us: Telegram | Twitter | Website | Instagram｜GitHub | Youtube