Blockchain
HashQuark, a prominent entity that provides Web3-related infrastructure services, has announced that the SSV DAO has awarded it a grant. The purpose of the grant in question is to develop a PoS-based liquid staking solution for the institutions. The partnership indicates the mutual commitment of both parties to advance security and decentralization in the Ethereum staking ecosystem.
SSV DAO offers a grant to HashQuark for Liquid Staking solution to facilitate institutional clients
In addition, HashQuark stated that the respective partnership is aimed at establishing a network dedicated to supporting the future of the strike. HashQuark’s renowned expertise in providing effective, stable, and secure node validation services aligns with the vision of ss.network. With this partnership, both employees will be able to take advantage of each other’s strengths.
In this way, they can build an ecosystem among themselves with resilience, innovation and the ability to deal with the changing demands of strikers. HashQuark has gained significant benefits through its partnership with the ssv.network. This partnership enables HashQuark to access a wider audience and make notable contributions to the continued growth of the SSV ecosystem.
Secret Shared Validator (SSV) is known as a technology that provides an exclusive solution that enables the distribution function of a validator on Ethereum. It does this through encryption, sharing, and the distribution of the validation key. As a result, SSV guarantees that no operator checks the validator. This allows the network to continue to operate robustly and securely, even if a few operators go offline.
This exclusive protocol pays close attention to decentralization, zero coordination, customization, and fault tolerance. It is considered as the best option for individuals and companies to enter Ethereum staking without worrying about infrastructure related complications. With the help of the ssv.network, the validators remain distributed and secure, while also delivering optimal performance.
HashQuark says the partnership will result in a more resilient and exclusive ecosystem supporting SSV network
HashQuark added that the collaboration between the two platforms will witness an innovative ecosystem for ssv.network. This may allow them to participate in the continued success of the SSV DAO. The layer0-based stakeout infrastructure SSV Network uses Distributed Validator Technology (DVT), also known as Secret Shared Validators (SSV). With this, it splits and manages validators on Ethereum between many non-trusting and modifiable nodes.