Beincrypto Community recently had the pleasure of hosting Alon Muroch, founder of SSV Labs and a key contributor to the SSV network, in an insightful AMA session. As SSV celebrated its first year, Alon shared exciting developments, including the groundbreaking SSV2.0 upgrade and the introduction of base applications (BAPPS). This is the summary of the session and highlights the main points.
A year of growth and success
SSV Network has experienced rapid adoption, has secured ETH of over 2 million and has established over 1,200 globally distributed node operators. Major projects such as Lido, Ether.fi and various exchanges are already leveraging the network.
Introducing SSV2.0: A new era of Ethereum Security
With SSV2.0, focus shifts from traditional staking and list traffic to an innovative concept called base application (BAPPS). These applications allow developers to tap directly on Ethereum’s Validator set to protect a variety of protocol services.
“Essentially, building important things like Oracles, co-processors, AI agents, bridges, data availability and more will need to get as close to Ethereum security as possible. This is when an SSV2.0 roadmap was created and the base Applications, or in other words, how to rotate around the vap. ” – Aron explained the shift
How Bapps revolutionizes security
SSV2.0 extends valid participation beyond Ethereum, allowing multi-chain verification across Solana, Cosmos and even Bitcoin. This approach transforms validators into new asset classes and promotes a more collaborative and secure ecosystem.
Risk Representation Model (REM): VALDICATORS can dynamically assign security based on the specific needs of BAPP. Base Application Chain: A neutral app chain that allows multiple L1 validators to contribute to security. Yield Opportunities: Validators can now opt to protect multiple BAPPs without reducing risk, allowing them to create win-win models for both takers and developers.
Economic Change: SSV Tokenomics in SSV2.0
Future changes to SSV Economics introduce three new pricing categories: Validator Operations, BAPP Security, and Gas Fees for the Base Application Chain. This evolution drives higher demand for SSV tokens, and becomes a deflationary, just like Ethereum.
“Currently, SSV is being used to pay for running validators on SSV networks. SSV2.0 introduces two additional fee categories (BAPP and gas fees for the chain). It is , more than tripling the fees collected. Some of the fees collected (SSV) will also burn. “-Aron explained in detail
Bridging Multi-Chain Security
SSV2.0 introduces a paradigm shift to enable blockchain validators to help protect key infrastructures such as Oracles and Bridges. This will unlock cross-chain security and strengthen decentralization across the various ecosystems.
“Imagine working people from Solana and Ethereum working together to secure a very large Oracle service between the two chains. That’s a kind of collaboration that is impossible today. Multi-chain in SSV2.0 Validators guide you through a new era of collaboration and the types of security that are very missing. Potentially, it could even mean that Ethereum’s Validators protect Solana, and Solana Validators will help secure Ethereum,” Aron expressed his vision.
Encourage developers and ecosystem growth
The success of early adoption in SSV stems from strategic incentives and partnerships. SSV DAO plays a key role in onboarding developers, and Alon hinted at a major incentive program that will soon come to accelerate BAPP development.
“There are still very big plans that we can’t disclose. But I think SSV DAO did an amazing job of encouraging developers in the early days of SSV. I’m sure we can replicate that.” – Aron has been added.
Final thoughts
SSV2.0 is set up to redefine blockchain security by making decentralized verification more accessible, capital efficient, and multi-chain. The introduction of BAPPS, REM, and the base application chains marks a monumental leap in Ethereum’s security landscape.
“Base applications will dramatically change the redevelopment market, cause a base economy, integrate Ethereum and unleash new sources of yields for Valitter,” Aron said.
See more updates. Also, check the SSV Network website to participate.
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