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The module may further increase Lido's node operator set and improve staking risk mitigation, the CEO of SSV Labs told Cointelegraph.

BeInCrypto community recently had the pleasure of hosting Alon Muroch, SSV Labs Founder and a key contributor to SSV Network, in an insightful AMA session. As SSV celebrates its first year, Alon shared exciting developments, including the groundbreaking SSV2.0 upgrade and the introduction of Based Applications (bApps).

TL;DR SSV Network has launched a new 2.0 upgrade that integrates ‘based' apps directly with Ethereum's chain, enhancing the security and scalability of the ecosystem. The new security model allows direct participation in Ethereum's validator network without requiring additional tokens, eliminating risks of traditional restaking models.

The upgrade enables applications called based apps or “bApps” to connect directly to Ethereum's layer-1 chain.

SSV Network recently revealed SSV 2.0, a new bootstrapping model to bring “Based” Applications (bApps) to Ethereum. The new infrastructure framework aims to enhance the network's security and enable “truly decentralized” bApps without compromising Ethereum's core values.

SSV Network's latest update integrates OpenTelemetry to boost observability and monitoring, offering enhanced user experience and future-proofing the client.

The Alan Fork on SSV Network has led to dramatic improvements in performance, reducing CPU and resource usage, and enhancing node efficiency and scalability, according to SSV Team.

Explore the pivotal updates from the SSV Network DAO Meetup in Berlin, including scaling plans, budget strategies, and solo staker inclusion.

SSV Network and Ether.fi launched a Learn & Earn campaign to promote decentralized restaking on Ethereum.

The SSV Network DAO and Ether.fi have announced that they are hosting a Learn & Earn campaign on the Galxe platform.

SSV Network announces its participation in the ETHOnline hackathon, offering $10,000 in prizes for innovative DVT-based projects.

It has rolled out two new community plans: the SSVDivers Ambassador Program and the Community Associates Program (CAP). These plans offer rewards and aim to boost participation in the SSV community.

SSV Network DAO launches the SSVDivers Ambassador Program and Community Associates Program to enhance community engagement and incentivize contributions.

It leverages DVT from the SSV network to enhance Lido functionality for ETH staking. The basic DVT module is working on diversifying the node operators linked to Lido.

The Simple DVT module is designed to diversify the node operator set connected to and utilizing the Lido protocol.

The deployment of SSV Network's DVs in the Simple DVT Software Module will allow more at-home validators to become node operators.

The achievement underscores the network's impressive growth within less than a year of operations.

A high number of stakers reflects the strength and security of the network's activity. In that light, SSV Network has crossed one million in staked ETH.

The DVT infrastructure employed by the SSV Network allows the distribution of Ethereum validator nodes across multiple machines and components worldwide.

SSV Network, with over $3 billion in total value locked (TVL), announced that it hit 1 million Ethereum (ETH) staked on the platform, as per the latest information shared with Finbold on July 8.

SSV Network has successfully staked 1 million ETH, highlighting its journey and key integrations since its permissionless launch.

After a successful community vote, they have decided what to do about the IMP. The essential changes will extend the program's duration and so much more.

This partnership changed the trajectory of staked assets and propelled SSV's TVL to $2 Billion in the space of a month, further increasing ETH stakers to over 19,000. Let's look into this partnership and see what's going on with SSV.Network and Ether.Fi.

In just one month, the TVL in Ethereum staked on SSV.Network was able to reach the $2 billion milestone.