😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

StaFi Protocol integrates Distributed Validator Technology into Ethereum mainnet

EditorVenkatesh Jartarkar
Published 11/09/2023, 10:36 AM
©  Reuters
ETH/USD
-
ETH
-

In a move to increase Ethereum's decentralization and security, StaFi Protocol announced the implementation of Distributed Validator Technology (DVT) from the Shared Security Validator (SSV) network into the Ethereum mainnet today. This integration enhances node accessibility for validators staking $rETH, tokens symbolizing staked ETH.

The DVT allows validators to operate across multiple nodes or machines. It employs various security measures aimed at preventing validator key theft and slashing. A Distributed Verifiable Threshold (DVT), which is part of the technology, protects the validator's staking private key until a majority of Co-Validators breach security. This feature enhances validator information security and operational safety.

Incorporated into StaFi's Ethereum liquid staking solution through the Router module, DVT also introduces Decentralised VPN (DVPN) to the system. The Router module plays a critical role in implementing Distributed Virtual Trust (DVT), further boosting Ethereum network security and decentralization.

The Router module maintains balance in the staking pool and reserves a specific amount of ETH for withdrawals. Users can contribute 12 ETH as validators if the pool balance exceeds 20 ETH, with the Router manually activating once the total reaches 32 ETH.

This integration of DVT via StaFi's Router has advanced liquid staking, improving Ethereum network security, decentralization, and validator efficiency. The move is expected to have significant implications for how validators interact with the Ethereum network and manage their stakes.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.