ssv.network raised $10 million to develop Ethereum 2.0 staking infrastructure
The funds will be used to fund initiatives, collaborations, and future grants for developers and participants
09.02.2022 - 09:15
519
1 min
0
What’s new? ssv.network, a decentralized staking protocol for Ethereum’s 2.0 consensus layer, has raised $10 million to expand its platform. In a press release, the project team said that the venture capital funds and partner companies have contributed funds to its account, which is controlled by the decentralized autonomous organization ssv.network. The investors include Digital Currency Group, Coinbase, Lukka, OKX, and others.
We're just getting started 😎#ethstaking #Decentralization https://t.co/GKjpBseqSO— ssv.network (@ssv_network) February 8, 2022
What is the ssv.network’s task? The project aims to simplify the process of creating and running validator nodes on Ethereum’s 2.0 consensus layer. The project was launched after receiving a grant from the Ethereum Foundation in 2021. It is currently at the testnet stage.
ssv.network’s project contributor Eran Efrima said that the $10 million will be used to fund initiatives, collaborations, and future grants for developers and participants.
What are the prospects? Ethereum plans to switch from a Proof-of-Work consensus to a Proof-of-Stake mechanism. The upgrade is expected to be completed in 2022. After that, miners will no longer validate transactions. Instead, the users will be involved in the process, who have to stake a minimum of 32 ETH to run a validator node.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 784
BTC
-4.67%
-
Ethereum
$1 789.19
ETH
-4.04%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.19
XRP
-2.77%
-
Dogecoin
$0.090093
DOGE
-3.16%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$594.57
ZEC
-3.9%
-
Cardano
$0.1971
ADA
-7.28%
-
Stellar XLM
$0.210432
XLM
-5.97%
-
Polkadot
$3.32
DOT
+5.27%