Ethereum staking infrastructure SSV Network announced that 2 key proposals have passed snapshot voting. The Mainnet Incentive Program will enable wider adoption of DVT through rewards, while Foundation Incorporation will help streamline offline and online operations.
The first proposal proposes the creation of an incentive layer for the running SSV mainnet to drive the adoption of DVT and the growth of the SSV Network by rewarding participants for running on the SSV network during the upcoming year. If the proposal is approved, the DAO multi-signature committee will initially mint 200,000 SSV into the new multi-signature wallet; no more than 1 million SSV will be minted during the incentive mainnet plan.
Another “ssv.network DAO Foundation Merger” proposal outlines the steps and motivations for establishing a Cayman Foundation (referred to as: SSV Foundation) for ssv.network DAO, including foundation documents, personnel, and a timeline for establishment. Within three months from the date of adoption of the proposal, the Foundation Working Group (FWG) will have the authority to instruct the SSV Foundation to take the necessary steps to complete the registration process and start operations.