KEY TAKEAWAYS
- The final phase of the Lido x SSV Simple DVT testnet has successfully concluded, meeting all requirements for mainnet transition.
- A proposal has been made to advance selected participants to the mainnet, potentially enabling over 500 independent Node Operators by February 2025.
- The testnet achieved high performance metrics, including 97.04% Uptime and 92.86% Block Proposal Success Rate, surpassing minimum success criteria.
- The Simple DVT Module has onboarded 235 new Node Operators, enhancing decentralization and network security.
The final phase of the Lido x SSV Simple DVT testnet has concluded, with the validator set surpassing all minimum aggregate requirements, making it eligible to transition to the mainnet. This marks the fourth Lido x SSV trial, allowing Node Operators to utilize the Lido protocol on the Holesky testnet to run validators with SSV-based Distributed Validator Technology (DVT).
Following the successful testnet, a proposal has been made on the research forums to the DAO, suggesting a list of participants to advance to the mainnet for the SDVT SSV Cohort 3. The Simple DVT Module for Lido on Ethereum currently consists of 67 clusters, including 36 Obol Clusters and 21 SSV clusters, along with 5 Super Clusters capable of running more validators per cluster.
Testnet Achievements and Future Plans
The Simple DVT Module has facilitated the onboarding of 235 new Node Operators to Lido on Ethereum, including 144 solo and community stakers. Following this round, over 300 new Node Operators are expected to utilize the Lido on Ethereum protocol through the Simple DVT Module. The Decentralized Validator Vault, implemented by Mellow with incentives from SSV Network, Obol, and Mellow, aims to increase the number of Distributed Validators (DVs) in the module, enhancing decentralization and network security.
The 4th Lido x SSV trial began in August 2024 on the Holesky testnet, involving 192 participants from 27 countries. Participants were divided into 24 clusters, each with diverse infrastructure types to minimize latency. The trial process included setting up nodes, conducting a Distributed Key Generation (DKG) ceremony, and registering validators to the SSV smart contracts.
Performance Metrics and Mainnet Transition
Performance metrics from the trial showed promising results, with 97.04% Uptime, 80.36% Attestation Effectiveness, and a 92.86% Block Proposal Success Rate. These metrics surpassed the Minimum Testnet Success Characteristics outlined in the Simple DVT Module Proposal. Despite some clusters not meeting all benchmarks, cooperative and responsive Node Operators were not automatically excluded from moving to the mainnet.
Following the posting of the LNOSG suggested shortlist of participants, the DAO will have one week to discuss the proposal. If no objections arise, the coordination process will begin, and the Simple DVT Module Committee will initiate Easy Track motions to register the clusters on the Lido Simple DVT Module registry. The addition of SSV Cohort 3 is expected to enable over 500 independent Node Operators to run validators by February 2025.
For more details, please read the full announcement here.
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