SSV Labs Proposes Major Development Cutbacks Amid DAO Funding Strains SSV Labs, a core developer of SSV Network, an Ethereum staking protocol built on distributed validator technology (DVT), submitted governance proposal DIP-59 on October 21, seeking to sharply scale back its…
velopment roadmap amid challenging market conditions and financial pressure on the DAO. The proposal shifts focus from new product development to network maintenance, security and compatibility with Ethereum upgrades, extending its engagement through June 2027
SSV Labs also disclosed that a previously approved payment of approximately 1.74 million SSV tokens under DIP-31 remains unpaid. — link