Hord Collaborates with SSV to Integrate Distributed Validator Technology (DVTs)

Jon Ganor
Jon Ganor
News
Hord Collaborates with SSV to Integrate Distributed Validator Technology (DVTs)

tl;dr

  • Hord collaborates with SSV to integrate DVTs into a portion of its validators for an improved staking experience.

  • The integration will reduce the trust required from operators, enhancing security, performance, and decentralization.

  • Traditionally, Liquid Staking Derivative providers relied on single-operator setups, but DVT changes this by allowing operators to hold stakes without custody of validator keys.

  • DVT utilizes key shares, reducing the risk of malicious behavior and operational downtime.

  • Managed stakes are distributed among multiple operators, ensuring redundancy and maximizing rewards and resilience.

Hord ETH Staking & SSV

The collaboration with SSV to integrate DVTs into a portion of its validators is set to improve the staking experience by significantly reducing the trust required from operators, enhancing security, performance, and decentralization.

Traditionally, Liquid Staking Derivative providers have relied on single-operator setups, exposing them to potential risks and vulnerabilities. Gains and losses have been socialized across the pool - a bit like tightrope walking without a safety net. Operators had to safeguard validator keys like their most prized possessions, but now with DVT in the mix, they can breathe a sigh of relief and leave the responsibility of custody to someone else.

However, the integration of DVT changes this paradigm, as it enables operators to hold stakes without requiring custody of validator keys. Only key shares are utilized, enhancing security and reducing the risk of malicious behavior or operational downtime. So, If you’re tired of traditional staking setups, DVT is here to enhance security and reduce the risk of any “malicious mischief” ruining the party!

With DVT, managed stakes can be collectively distributed among multiple operators, ensuring redundancy and diversification. For instance, instead of a single operator managing a large number of validators, DVT allows these validators to be run by various operators. This approach maximizes rewards and resilience. Even if one operator experiences issues, others can continue attesting, providing a robust and decentralized staking environment.

The collaboration with SSV allows Hord to foster more open and permission-less operator participation within staking pools. Services can now curate and support Ethereum's decentralization by pairing home or smaller stakers with larger ones, reducing risks and expanding opportunities. By embracing DVT and minimizing single-operator trust, Hord takes a significant stride toward creating a more secure, inclusive, and resilient staking platform. 

With SSV, Hord is paving the way for a decentralized and prosperous future for Ethereum stakers. So, sit back, relax and watch this dynamic duo secure those gains! 

Website: Hord.fi/

Twitter: twitter.com/HordApp

Telegram: t.me/hord_app

Announcements: t.me/hordnews

Youtube: youtube.com/channel/UCOhzE0AKC1ZFElFqIxbFAmw

GitHub: github.com/hord

Reddit: reddit.com/r/HordApp/