Moonstake Receives ssv.network Grant – To Integrate Decentralized ETH Staking
Today, Moonstake is pleased to announce that it has received a grant from the DAO-operated SSV network to introduce an ETH staking pool. Moonstake will enhance the decentralization of Ethereum and integrate SSV’s capable architecture to make Moonstake’s validator
infrastructure as highly secure as possible. This will enable seamless decentralized ETH staking for global users, and Moonstake and SSV will continue to collaborate in various ways to promote the expansion of both companies’ ecosystems through this collaboration.
The ssv.network grant program will be a community-driven initiative to fund development teams building decentralized staking applications and services with the aim of fostering and accelerating development and innovation by developers on the network. . Proposals for this grant will be evaluated on the technical design of the project, the overall quality of the team and its community, etc. Moonstake has joined the SSV network subsidy program as a top 10 verified staking provider globally and will soon support ETH staking.
As of September 15, 2022, Ethereum has officially become a Proof of Stake (PoS) blockchain, and the demand for ETH staking has never been higher. Currently, staking for ETH holders requires holding 32 ETH and building their own validator infrastructure, which requires a high degree of technical expertise and a costly infrastructure. must also be maintained. Non-technical users can also stake ETH on custodian staking provider services and centralized exchanges. Moonstake and SSV aim to address this issue by providing users with a non-custodian ETH staking solution through the Moonstake wallet, utilizing SSV’s innovative technological infrastructure. Moonstake’s mission is to provide a high standard staking experience to users around the world. We are very happy to take a big step towards achieving our mission for the Ethereum merge and PoS ETH.
Comment from Moonstake founder Mitsuru Tezuka
“Moonstake is delighted to receive this grant from the SSV network and partner with them to introduce ETH staking. , users have no choice but to rely on custodial solutions at the moment, which may lead them away from the decentralization of crypto assets, which may lead to many security risks.Certified as a top 10 staking provider in the world, we are We hope that by providing a seamless ETH staking experience using SSV’s highly secure technology, we will be able to bring more value to cryptocurrency users around the world. and SSV, and the Ethereum staking ecosystem, we look forward to growing together and promoting the entire staking industry through this amazing partnership. Moonstake launched a staking business with the aim of creating the largest staking network in Asia in 2020. Since then, we have developed the easiest-to-use Web Wallet and Mobile Wallet (iOS / Android), supporting over 2,000 cryptocurrencies. After launching full-scale operations in August 2020, Moonstake’s total staking assets grew rapidly to reach $1 billion, enabling Moonstake to become one of the top 10 staking providers globally I made it Currently, Moonstake supports 17 major Pos assets including Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs (Ethereum and Polygon), IOST, TRON, Shiden, FIO, Everscale, Oasis doing. Proof of Stake ETH will be the 18th staking coin supported by Moonstake once technical integration is complete.
SSV is a fully decentralized and open Ethereum staking infrastructure. It provides an open architecture for anyone who wants to run an Ethereum validator, from individual users to staking pools and large institutional staking services. The SSV network aims to address key concerns faced with Ethereum staking, including private key storage and management, validity and redundancy, single points of failure, security and encryption, decentralization and network governance. I’m doing it.
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Moonstake is one of the world’s leading staking service providers that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has been supported by 27 leading companies, including Emurgo, a constituent stock of Cardano, developer of blockchain Astar Network Stake Technologies in
collaboration with Polkadot, and TRON Network with over 50 million users. We partner with platform providers. In May 2021, Moonstake became a wholly-owned subsidiary of OIO Holdings Limited, which is listed on the Singapore Stock Exchange, further enhancing its credibility as a company.
Moonstake aims to create a world where anyone can easily use highly secure and reliable digital asset management tools by utilizing blockchain technology.
About Moonstake’s staking business
For the staking industry, which has grown to a market of 630 billion yen as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits. Corresponds to the node inside. Moonstake currently supports staking of 17 blockchains. With total staking assets of US$1.8 billion and a global user base, it ranked third among over 10,000 providers worldwide in June of the same year.
About the SSV network
Secret Shared Validators (SSV) provide the first safe and highly secure mechanism for splitting Ethereum validator keys across operator-run nodes. Each node can trust each other to fulfill its validator duties, and a certain number can be taken offline without impacting performance. The result is a reliable, decentralized and secure staking solution for Ethereum.
The SSV Network is a decentralized staking infrastructure running the SSV protocol, enabling decentralized operation of Ethereum validators. It will also be a repeatable and scalable ETH staking infrastructure that developers can use to build new staking apps and deploy them quickly and easily.
Details about this release: