Proposal Summary

SSV Labs is proposing to the ssv.network DAO (hereinafter: “DAO”) to continue engaging SSV Labs for the Development of the ssv.network protocol and the promotion of the project.

Motivation

Whereas ssv.network is an open-source project and protocol, and the DAO has a vested interest in attracting contributors to its development, and in light of the DAO's commitment to advancing the ssv.network, SSV Labs hereby proposes to contribute its development efforts to the project.

SSV Labs has contributed to the code behind the ssv.network protocol, acting in accordance with passed DAO proposals, for the improvement of the protocol. SSV Labs efforts were aimed at making sure that the tech owned by the DAO is on the forefront of the staking industry.

The work proposed below, already underway as of the beginning of 2025, is estimated to take 18 months to complete. SSV Labs believes that such a long term commitment is indispensable to a proper functioning of the protocol.

This proposal outlines efforts for maintaining and potentially improving various aspects of the ssv.network and beyond, if the proposal were to be approved. Also, the proposals requests from the DAO 15.000.000 USD denominated in SSV for these efforts which, also includes marketing services as specified in [DIP-35], and other services. These services and efforts, which have started January 1st 2025 and will end with 31st of June 2026. After June 31st 2026, SSV Labs will retain the ability to provide these services uncompensated, until such a time that a new proposal is proposed.

These development efforts require a substantial team and a number of employees, including developers, product managers, and designers. It will further require cloud services for hosting, testing and production environments, DevOps services, and audits of the smart contracts by a reliable third party. This is far from a comprehensive list of expected costs that SSV Labs bears and will continue to bear. Still, SSV Labs is willing to bear a substantial part of the costs for the benefit of the project and the DAO that includes marketing.