SSV.Network - P2P.org Blog: Insights, Guides, and News

Origin, SSV.Network Our New SSV White-Label Node Solution with Origin

<a href="P2P.org" rel="noreferrer">P2P.org</a> is proud to announce the launch of our innovative <a href="http://ssv.network/?ref=p2p.org" rel="noreferrer">SSV</a> White-Label Node solution in partnership with <a href="http://originprotocol.com/?ref=p2p.org" rel="noreferrer">Origin</a>. This new product marks a significant milestone in our commitment to providing state-of-the-art decentralized validation technology (DVT) solutions to our clients. By focusing on efficiency and a customer-centric approach to their customization, we are delivering a solution that not only simplifies the staking process but also meets the unique needs for each of our unique and diverse clients. <h2 id="about-origin">About Origin</h2>Origin Protocol is a longstanding Ethereum DeFi project focused on creating economic opportunities through permissionless multichain protocols. Their suite of products, including Origin Ether (OETH) and Origin Dollar (OUSD), are designed to enhance yield generation. These products integrate seamlessly across the DeFi ecosystem, allowing users to earn and compound returns on-chain.Origin Protocol’s ecosystem is underpinned by the Origin Token (OGN), which serves as the governance and value-accrual token. Users can stake OGN to receive xOGN, gaining a share of the protocol’s revenue and voting rights in the governance process. The team behind Origin comprises experienced entrepreneurs and professionals from major tech firms, backed by prominent investors like Pantera Capital and Foundation Capital.<h2 id="introducing-the-ssv-white-label-node-solution">Introducing the SSV White-Label Node Solution</h2>Our SSV White-Label Node solution allows clients to register validators on exclusive SSV private nodes dedicated solely to their use. This new offering brings several key advantages:<ul><li>Customization: Clients can tailor their nodes based on specific requirements, such as geographical location and the choice of Consensus Layer (CL) and Execution Layer (EL) to run. </li><li>Ease of Operation: With private nodes, we can significantly reduce the amount of $SSV required to run an SSV cluster. Public nodes typically require 6.5 $SSV per year. However, with our private nodes, we can set the operator fee to 0, so users only need to pay around 0.5 $SSV per year in network fees.</li><li>Automation via DVT API: Our solution automates the entire SSV registration and validator deposit process through our DVT API, eliminating manual steps and streamlining operations. You can also learn more about our API integration from our <a href="https://docs.p2p.org/docs/getting-started-ssv?ref=p2p.org">integration guide</a>.</li></ul><h2 id="partnership-with-origin">Partnership with Origin</h2>We have partnered with Origin to deploy this new solution, demonstrating the powerful capabilities of our SSV White-Label Node. We have set up eight dedicated SSV nodes for Origin, four of which have already reached their maximum capacity of 500 validators each. <figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/image--1-.png" class="kg-image" alt loading="lazy" width="1078" height="586" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/image--1-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/image--1-.png 1000w, https://p2p.org/economy/content/images/2024/07/image--1-.png 1078w" sizes="(min-width: 720px) 720px"></figure>This means that Origin has staked nearly 24,000 ETH using our new solution. Additionally, four more nodes are ready to be filled, with more ETH to be staked.One of the key benefits Origin is experiencing with our solution is a drastic reduction in operational costs from the amount of $SSV tokens required up-front. For example, maintaining 146 days of operational runway requires only 105 SSV ($3,666) with our solution. Without it, achieving the same coverage would necessitate 1366.17 SSV ($47,788). This represents a significant saving in efforts from buying large amounts of SSV tokens upfront to register so many validators.<h2 id="looking-ahead">Looking Ahead</h2>The launch of the SSV White-Label Node solution represents a major advancement in decentralized staking technology. This partnership with Origin is just the beginning. As we continue to develop and refine our solutions, we look forward to offering even more innovative and cost-effective options to our clients.Stay connected with P2P.org for more updates and developments in the decentralized validation technology space. For more information, visit our website or join our official community Telegram channel.Together, we are pushing the boundaries of decentralized finance, creating a more secure and efficient future for the Ethereum ecosystem.<h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, with $7B from over 10,000 delegators/nominators across different high-class networks. Developing the SaaB (Staking-as-a-business) model, we help networks, exchanges, custodians, and institutions build their staking products and create new revenue streams.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alessandro via <a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Read about SaaB: <a href="https://x.com/P2Pvalidator/status/1778388967940902972?ref=p2p.org">https://x.com/P2Pvalidator/status/1778388967940902972</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Kamil Jakub Natil

from p2p validator

DVT, Staking, Ethereum, SSV.Network How does DVT help mitigate client majority risks?

<h2 id="intro">Intro</h2>The Ethereum community is now focusing on one critical theme: the risk of a supermajority client. Without delving too deep, as Dankrad Feist has already brilliantly explained this risk over two years ago in his article <a href="https://dankradfeist.de/ethereum/2022/03/24/run-the-majority-client-at-your-own-peril.html?ref=p2p.org">here</a>, it's crucial to understand the serious threat it poses. A bug in an execution client, if it is used by over 66% of the network, could force the community into painful decisions impacting network stability, users' funds, and the ETH token price. The community is already showing positive signs, reducing Geth dependency from 84% (source: <a href="clientdiversity.org">clientdiversity.org</a>), which is a step in the right direction. While execution client matters used to be passive, recent bugs with Nethermind and Besu have sparked conversation and concern among investors and professional staking providers. <figure class="kg-card kg-image-card kg-width-wide kg-card-hascaption"><img src="https://lh7-us.googleusercontent.com/rR0teqSDx-du8AvFCtK436fQh88hVYHMtpk9uz78LXdH7G9KbWL1ZfLRKbHf_ohw2TQGWo6YNwdCNRtmdIGAuMZNwD8gx_JmjKYPjH3n6xr2wPpkUVHFyRI_6vaw2sBnA4OP5unuHf7sLHuQf3vlja8" class="kg-image" alt loading="lazy" width="368" height="489"><figcaption>ETHEREUM CLIENTS DISTRIBUTION</figcaption></figure> How DVT Helps The demand for change is loud and clear. Large staking service providers, therefore, are reassessing their strategies to reduce their reliance on Geth. But what constitutes a sustainable change to mitigate supermajority risks today? Imagine a scenario where providers start replacing Geth with another client, like Nethermind. This could inadvertently create a new supermajority. The Ethereum goal is a multi-client architecture where no single client software exceeds ⅓ of the total network coverage.DVT is crucial here. By staking on SSV.network, for example, your validator is managed by a minimum of four node operators, significantly reducing the risk of a system failure. As long as three out of four operators (or the set threshold for larger clusters) are active, the validator remains online and continues earning rewards. This added fault tolerance benefits client-related bugs and common faults among node operators, such as power failure, connectivity issues, or even hardware or software failure. However, this isn't a complete solution. Clusters of node operators belonging to one single entity are not unlikely to be seen, which can undermine the goal of decentralization. This becomes riskier if they use the same EL/CL setup, as a bug in one client could affect the entire cluster.A takeaway from this for investors is to pay attention to which node operators are running the cluster, their setup, and how each node operator is correlated to others.<div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/products/dvt?ref=p2p.org" class="kg-btn kg-btn-accent">The solution: Check our DVT Staking API</a></div> What P2P.org is Doing Now Navigating these complexities can be overwhelming. That's why, at the end of last year, we developed our DVT Staking API solution, designed for large enterprises to automate staking and lower the risk of a penalty occurring due to client supermajority bugs. This non-custodial solution, powered by DVT (SSV.network), gives instant access to a secure and diversified staking environment. By integrating a smart contract to manage $SSV on behalf of the client, we remove complex manual processes so that users can stake their ETH while having a top-performing cluster managing their validator. Initially, creating a cluster with diverse EL/CL clients was challenging. Some node operators struggled with minority client synchronization, forcing a balance between performance and client diversification. Until recently, our network supported two operators running Geth. This has changed with the addition of RockX to our network. Their institutional expertise and focus on minority clients accelerate our path toward decentralization, ensuring no single execution/consensus client dominates our cluster.<div class="kg-card kg-button-card kg-align-center"><a href="https://docs.p2p.org/docs/getting-started-ssv?ref=p2p.org" class="kg-btn kg-btn-accent">Check our API Documentation</a></div> P2P.org's Future Plans P2P has been actively working on solutions to mitigate risks posed by an execution client supermajority and other systemic risks. But, we are far from being satisfied. While we've made meaningful progress, the issue of preventing future clients from gaining a supermajority remains. Our cluster can be decentralized further, and we're contributing toward achieving a network where no client has more than ⅓ of the nodes.Institutions seek more control over their validators, including client selection, location, and MEV relays. We're responding to these needs by developing features starting with CL/EL selection. If you prefer using only minority clients for your validator, we're making that a reality.<h2 id="contact-us"> Contact Us:</h2>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact <a href="mailto:[email protected]">Alessandro Maci</a>. We are always open for communication.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alessandro Maci

from p2p validator

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