Ethereum’s second largest staking protocol, SSV Network, has just deployed SSV2.0 testnets and could be one of the most significant changes in validator infrastructure since staking was published.
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SSV2.0 introduces a new concept: Base Applications (BAPPS). These BAPPs allow developers to procure security directly from Ethereum’s L1 Validator set, reducing costs, and enable capital-heavy capital to build secure and scalable applications without relying on heavy constraints.
result? A more comprehensive and cost-effective path to Ethereum innovation that could bring new utilities, rewards and momentum to your network.
“Based applications unlock a new era of distributed innovation. Ethereum’s robust validator network allows developers to build secure and scalable protocols, and validators earn enhanced rewards.
Alon Muroch, founder of SSV Labs and core contributor to the SSV network
From passive validators to active security engines
The SSV network already has 10% of the ETH for all piles across over 100,000 valiters. With SSV2.0, these validators can do more than simply being idle. They become engines of security and value, opting in to the vap without the need to lock up additional capital. For Ethereum, under pressure to keep developers and users, this shift has not come at a better time.
Instead of competing for capital in zero-sum games, SSV2.0 introduces an “infinite sam” economy where validators, developers and stakers all win. Validators earn more money, developers pay less, and applications scale faster with adjustable risk settings and seamless deployment.
Bops: Native, Flexible, and Capital Efficiency
At the heart of SSV2.0 is the “base applications” (BAPP). This is a protocol or service that is directly fixed through the Ethereum verification layer layer. From rollups to bridges and even AI use cases, BAPPS can boot faster using a combination of non-thrashable (validator balance) and thrashable (ERC-20) assets.
This hybrid model reduces security costs by up to 90% while giving developers complete control over risk and scalability. BAPP deployers can choose higher yields through high-risk strategies or safer routes with lower rewards.
More income from delegations, strategies and staking
SSV2.0 unlocks new revenue streams for validators and stakers.
By delegating balances for the baller and depositing ERC-20 tokens into strategy, users can secure multiple BAPPs and earn diverse rewards without compromising or facing extra novel risks.
Strategies are features like Defi Vaults, Optimizing Asset Usage, and Dispersion Harvest. With an adjustable mandatory ratio, Bapps adjusts how security is allocated, allowing for custom scaling and reward structures. Everything can be deployed and managed directly from the SSV2.0 TestNet UI.
Starting: SSV2.0 TestNet is now live on Hoodi
SSV2.0 Testnet is now live on Hoodi Network (RIP Holesky). A unified web app experience allows users to explore live bop, create strategies, and experiment with delegations in all risk-free environments. Developers can use the updated SDKs, subgraphs and documentation to build their own BAPP and test integrations prior to mainnet deployment.
SSV Labs also launched its first test Bapp (SSV chain) on Hoodie, which serves as an example of what is possible. It is hoped that more integration and ecosystem tools will continue.
Why is this important to Ethereum?
Ethereum has long struggled with capital inefficiency and fragmentation in its staking and security ecosystem. SSV2.0 offers an attractive alternative by turning Ethereum’s Validator Network into a scalable developer-ready layer to secure any type of application.
With flexible rewards, developer cost savings, and smarter use of Ethereum’s infrastructure, SSV2.0 could be a game changer for the long-term value generation of L1. To explore the testnet and see more details, go to ssv.network or jump into the SSV2.0 documentation.
