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SSV Network Boosts Ethereum Decentralization with Commit-Boost

SSV Network to create ‘based’ apps infrastructure for Ethereum

BeInCrypto community recently had the pleasure of hosting Alon Muroch, SSV Labs Founder and a key contributor to SSV Network, in an insightful AMA session. As SSV celebrates its first year, Alon shared exciting developments, including the groundbreaking SSV2.0 upgrade and the introduction of Based Applications (bApps). Here’s a recap of the session, highlighting the major takeaways.

A Year of Growth and Success SSV Network has experienced rapid adoption, securing over 2 million ETH and establishing 1,200+ globally distributed node operators. Major projects like Lido, ether.fi, and various exchanges are already leveraging the network.

Introducing SSV2.0: A New Era for Ethereum Security With SSV2.0, the focus shifts from traditional staking and restaking to an innovative concept called Based Applications (bApps). These applications allow developers to tap directly into Ethereum’s validator set to secure various out-of-protocol services.

“Essentially, if you build something important like Oracles, Co-processors, AI agents, bridges, data availability, etc., you should get as close to Ethereum’s security as possible. That’s how the SSV2.0 roadmap was created, revolving around ‘Based Applications’, or bApps in short.” — Alon explained the shift

How bApps Revolutionize Security SSV2.0 extends validator participation beyond Ethereum, enabling multi-chain validation across Solana, Cosmos, and even Bitcoin. This approach transforms validators into a new asset class, fostering a more collaborative and secure ecosystem.

Risk Expressive Model (REM): It allows validators to allocate security based on a bApp’s specific needs dynamically. Based Applications Chain: A neutral app chain that enables multiple L1 validators to contribute security. Yield Opportunities: Validators can now opt into securing multiple bApps without slashing risks, creating a win-win model for both stakers and developers. The Economic Shift: SSV Tokenomics in SSV2.0 The upcoming changes in SSV economics introduce three new fee categories—validator operations, bApp security, and gas fees for the Based Applications Chain. This evolution will drive higher demand for the SSV token, making it ultra-sound (deflationary) similar to Ethereum.

“Currently SSV is used for paying fees for running validators on the SSV network. SSV2.0 will introduce two more fee categories (bApps and gas fees for the chain). That’s more than tripling the fees collected. Some of the collected fees (in SSV) will also be burnt.” — Alon elaborated

Bridging Multi-Chain Security SSV2.0 introduces a paradigm shift, allowing blockchain validators to collaborate in securing key infrastructure like oracles and bridges. This unlocks cross-chain security and enhances decentralization across different ecosystems.

“Imagine Solana and Ethereum validators working hand in hand to secure a really big oracle service between the two chains… That’s a type of collaboration that is not possible today. Multi-chain validators in SSV2.0 will usher in a new era of collaboration and a type of security which is greatly missing. Potentially that can even mean that Ethereum validators will secure Solana, and Solana validators will helpe secure Ethereum” — Alon illustrated the vision.

Incentivizing Developers & Ecosystem Growth SSV’s early adoption success stems from strategic incentives and partnerships. The SSV DAO has played a crucial role in onboarding developers, and Alon hinted at major incentive programs coming soon to further accelerate bApp development:

“We have some very big plans that I can’t disclose yet, haha. But I think the SSV DAO did an excellent job in incentivizing devs in the early days of SSV, which brought us to 2M ETH staked. I’m confident we can replicate that.” — Alon added.

Final Thoughts SSV2.0 is set to redefine blockchain security by making decentralized validation more accessible, capital-efficient, and multi-chain. The introduction of bApps, REM, and the Based Applications Chain marks a monumental leap for Ethereum’s security landscape.

“Based applications will profoundly change the restaking market and give rise to the Based Economy, unifying Ethereum and unlocking new sources of yield for validators.” — Alon said.

Stay tuned for further updates, and be sure to explore SSV Network’s website to get involved!

Now is not the time for a restaking revival

No Ethereum or Solana, Only Bitcoin For Twenty One Capital | US Crypto News

Updated Sep 11, 2025, 7:36 a.m. Published Sep 10, 2025, 6:09 p.m.

2 min read

Summary

Ethereum experienced a rare slashing event on Wednesday, with 39 validators penalized, according to blockchain explorer Beaconcha.in.The validators were tied to the SSV Network, a distributed validator technology (DVT) protocol that decentralizes staking infrastructure by splitting validator keys across multiple operators.Despite the scale of the incident, SSV founder Alon Muroch emphasized that the protocol itself was not compromised. Instead, the penalties stemmed from operator-side infrastructure issues involving third-party staking providers using SSV.Ethereum experienced a rare slashing event on Wednesday, with 39 validators penalized, according to blockchain explorer Beaconcha.in.

The validators were tied to the SSV Network, a distributed validator technology (DVT) protocol that decentralizes staking infrastructure by splitting validator keys across multiple operators.

Despite the scale of the incident, SSV founder Alon Muroch emphasized that the protocol itself was not compromised. Instead, the penalties stemmed from operator-side infrastructure issues involving third-party staking providers using SSV.

One cluster of slashed validators was tied to Ankr, a liquid staking provider. According to Muroch, routine maintenance on Ankr’s systems triggered the event. A second slashing involved a validator cluster that had migrated from Allnodes two months earlier. Investigators believe a secondary validator setup caused the duplicate signing that led to penalties.

In total, 39 validators were slashed, making this one of the largest correlated slashing events since Ethereum’s transition to proof-of-stake. Each validator slashed faces an immediate ETH penalty and could face inactivity leaks, compounded losses. One validator, backed by a 2,020 ETH stake, lost around 0.3 ETH, or about $1,300 at today’s prices, in the process.

While slashing is built into Ethereum’s design as a deterrent against malicious or negligent behavior, it remains exceedingly rare. Fewer than 500 validators out of more than 1.2 million active have been slashed since the Beacon Chain went live in 2020. Most incidents, including this one, have been traced to operator issues rather than deliberate attacks.

Mass slashings are particularly notable because correlated misbehavior increases the severity of penalties. Ethereum’s protocol enforces additional inactivity leaks when groups of validators are slashed together, amplifying the financial impact.

For Ethereum’s staking ecosystem, the latest wave underscores a familiar but critical lesson: validator safety hinges as much on infrastructure and operator diligence as on the protocol itself. Even when the underlying software is uncompromised, operational errors can have costly and very public consequences.

Read more: ‘Keep It Simple’: Prevent Your Eth 2.0 From Being Slashed

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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SSV Network DAO today unveiled Compose, a new addition to its ecosystem that aims to stitch together Ethereum’s increasingly busy but fragmented rollup landscape. Built as a “based application” (bApp) that extends the role of Ethereum validators, Compose promises instant, atomic composability across all rollups. It is a capability its backers say will make it feel as if tokens and dApps live on a single, unified layer rather than on separate islands.

The timing could not be more consequential. Ethereum’s rollup-first roadmap has succeeded in driving much higher throughput and much lower transaction costs, but that success has also produced a new problem: a mosaic of ecosystems, Base, Arbitrum, Optimism and others. that don’t always talk to one another cleanly.

Users contend with slow or risky bridges, wrapped assets, lumpy liquidity and long withdrawal windows. Compose addresses that fragmentation in the industry by using validators to coordinate cross-rollup interactions that are synchronous and atomic, so a swap or transfer can complete across rollups without lingering middle steps or trust-heavy bridges.

Alon Muroch, CEO of SSV Labs, framed the launch as more than a feature release: it’s an attempt to preserve the network effects that made Ethereum valuable in the first place. “More rollups mean a more vibrant Ethereum ecosystem. However, realising Ethereum’s rollup-centric roadmap at scale requires preserving sovereignty, decentralisation, and unity across all layers of the ecosystem,” Muroch said, arguing that if each rollup grows in isolation, the broader platform risks fragmentation.

He added that Compose can let validators power cross-rollup coordination and seamless application interactions while keeping each rollup sovereign. Technically, Compose expands the validator’s job beyond simply signing attestations. Validators on SSV’s network will be able to act as publishers, participating in cross-rollup message passing and coordination, and they’ll receive extra rewards for doing so.

The approach builds directly on SSV’s Distributed Validator Technology (DVT), which already fragments validator duties across multiple operators for fault tolerance and decentralization. With Compose, SSV says those same validator networks can orchestrate synchronous, cross-L2 transactions without sacrificing decentralised security guarantees.

Next Step in the Evolution of Rollups If it works as advertised, Compose could upend a multi-billion-dollar industry: bridges. Today’s bridges often rely on optimistic assumptions, long withdrawal delays, or custodial arrangements to move assets between L2s; Compose promises instant, atomic transfers of any token on any dApp, on any rollup, removing many of the reasons users rely on wrapped assets or third-party bridge liquidity.

That shift would change how developers design multi-rollup dApps and could create a more seamless experience for users who expect one-wallet, many-rollups simplicity. The launch is also a scale statement: SSV is already a major player in Ethereum staking infrastructure. The network secures a material slice of the validator set, SSV’s own communications place it at roughly 14% of Ethereum’s validators with about 5 million ETH staked, positioning it to leverage that scale as it turns validators into coordination engines for rollup interoperability.

SSV Network’s DVT has long been adopted by staking protocols, node operators and exchanges; Compose looks to be the next step in that evolution. For now, Compose’s rollout begins digitally with an alpha and awareness campaign; the SSV DAO has signaled the community-driven nature of the effort and the team points readers to the Compose website and X channels for details and updates.

Whether Compose becomes the plumbing that lets Ethereum’s diverse rollups behave like one composable whole will depend on real-world integrations and how quickly developers and validators adopt the publisher model. Still, for an ecosystem wrestling with fragmentation at scale, Compose is an ambitious attempt to make cross-rollup interaction feel native instead of an afterthought.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

SSV Network Launches Compose to Enhance Ethereum Interoperability

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SSV Network has unveiled a new project called Compose Network, pitching it as the “holy grail of Ethereum interoperability” and a layer that will connect rollups rather than compete with them. Announced in a spirited post on X, the team positioned Compose as a continuation of SSV’s infrastructure work, built on its validator stack and meant to enable atomic, instant coordination across Ethereum’s various rollups.

According to SSV’s announcement, Compose is a coordination layer at the execution layer: it lets actions that span multiple rollups execute together, or not at all. The core promise is straightforward but consequential. Deposit to Rollup A, swap on Rollup B, bridge back to Rollup A; all of those steps would settle together, atomically, in a single coordinated flow. No long waits on bridges, no fragmented liquidity across siloed rollups, just instant finality backed by fast zk proofs and secured by Ethereum.

SSV framed Compose not as a pivot but as an “SSV-native initiative.” The team says it builds on the group’s earlier work on distributed validator technology (DVT) and on the notion of “Based Applications” that SSV introduced earlier this year. By extending those ideas, Compose aims to give SSV validators a new role: powering cross-rollup coordination and earning additional incentives for doing so. In SSV’s view, that will create more use cases, increase demand for validators, and strengthen network effects while attracting a growing ecosystem to build on top of the infrastructure.

The company emphasized that SSV Labs and the SSV DAO remain committed to advancing DVT and to the network’s core roadmap, portraying Compose as the next logical step in both SSV’s roadmap and Ethereum’s evolution. “Compose isn’t just about faster transactions,” the post reads, “It’s about restoring the Ethereum experience, where everything works together again. Atomic. Synchronous. Instant. Composable.”

From DVT to interoperability Technically, Compose promises to stitch rollups at the execution layer using a combination of fast zero-knowledge proofs and SSV’s validator security. That architecture is intended to deliver the kind of atomic cross-chain experiences users and developers have long sought: multi-step flows that either complete in full across rollups or fail cleanly, without leaving funds stranded mid-bridge. If Compose delivers on its claims, developers would be able to design multi-rollup applications that behave as if they were deployed on one unified Ethereum, rather than a patchwork of separate environments.

SSV’s announcement also teased a broader play: by enabling synchronous composition across rollups, the project aims to make Ethereum scale horizontally via rollups while preserving a vertically unified user and developer experience. The blog post linked by SSV promises more technical detail and context for teams that want to learn how Compose will work and who will be able to build on it.

To answer questions from the community, SSV invited followers to a community call and pointed readers to its Discord channel. The team also encouraged people to follow Compose Network on X for updates as the project moves from announcement toward implementation. The introduction of Compose comes at a moment when Ethereum’s roadmap increasingly relies on rollups for scaling, and the ecosystem is hungry for better cross-rollup primitives. Bridges have long been a pain point; slow finality, liquidity fragmentation, and complicated user flows have frustrated both builders and end users.

By promising instant, atomic multi-rollup transactions, Compose isn’t trying to be another rival rollup; it’s pitching itself as the glue that actually makes rollups work together. The idea is simple: stitch different rollups into a single, seamless experience so users and builders don’t have to wrestle with slow bridges or fragmented liquidity.

Of course, whether Compose can pull it off comes down to the gritty details, the implementation, how validator rewards are structured, and whether SSV can produce fast, reliable zk proofs at scale. Still, the announcement feels like a bold step: moving interoperability from basic message passing to true atomic execution. If it succeeds, it could change how multi-rollup apps are built and, more importantly, how they feel to use across Ethereum.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

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KNC Price Surges Over 23%: Kyber Network Insights in Crypto Market

The platform also rolled out Smart Exit, aimed at liquidity providers, which automates position exits as per predefined conditions. One more amalgamation is set for future deployment, which is anticipated to further widen the platform’s liquidity access, the company mentioned. Kyber Network plunges around 23% in just one day as volume spikes on KyberSwap upgrades and new liquidity amalgamations. 

Kyber Network Crystal (KNC) accumulated over 23% in the latest trading sessions, influenced by surged trading volume and the latest platform upgrades, as per the market data. 

The progress of the token compared with losses listed by various large-cap cryptocurrencies in that same period, as per the trading data. Trading volume for Kyber Network Crystal surged substantially in the short term, attaining levels not witnessed in the past few months, as per the exchange data. 

Increased trading volume can boost price movements when amalgamated with purchasing pressure, as per the market analysts. Kyber Network publicised various product amplifications to its decentralised exchange platform. 

The protocol widened cross-chain functionality on its swap product, permitting users to exchange assets over various blockchains using liquidity from different providers in a single transaction, as per the statement of the company. 

The Additional Features  The platform also rolled out Smart Exit, aimed at liquidity providers, which automates position exits as per predefined conditions for profit-taking, risk management, or time-based parameters, as per the announcement. 

The feature has been placed on some networks, with additional amalgamations planned, the company mentioned. Kyber Network fulfilled an amalgamation with Vaultedge, taking extra assets to the swap platform and widening liquidity routing options, as per the company. 

One more amalgamation is set for future deployment, which is anticipated to further widen the platform’s liquidity access, the company mentioned. Taking the technical analysis perspective into account, the token broke above a short-term moving average that had so far acted as resistance, the chart data reports. 

The level now indicates a potential support zone, technical analysts mention. Keeping price levels over the support could show a continued upward trajectory toward nearby resistance levels. 

A break over resistance may result in extra gains; however, if it does not succeed in holding support, mainly with slipping volume, it could lead to price retracements, as per technical analysis. 

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Real-world asset tokenization firm Centrifuge has launched a new lending market in collaboration with MorphoLabs and Coinbase's layer-2 blockchain, Base

Real-world asset tokenization firm Centrifuge has launched a new lending market in collaboration with MorphoLabs and Coinbase's layer-2 blockchain, Base.

This initiative marks a significant development in onchain institutional lending, leveraging Coinbase attestations for the first time. The Morpho Vaults, which are now live, require users to create a Coinbase account, allowing seamless access to gated RWA vaults by Centrifuge.

The vaults are curated by Steakhouse Financial and Re7 Capital and include collateral from Centrifuge, Midas RWA, and Hashnote Labs. This collaboration aims to bring institutional-grade lending to the blockchain ecosystem.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Anemoy, a tokenized securities issuer powered by on-chain finance platform Centrifuge, has partnered with Archax to bring their Liquid Treasury Fund to the platform.

Centrifuge, Anemoy and Archax are partnering to expand access to new investment opportunities in the tokenized real-world assets market.

Per a press release shared with crypto.news, the partnership will allow London-based Archax to offer its users direct access to the U.S. Treasury bills via Anemoy’s liquid treasury fund.

Liquid funds relate to investments that one can easily liquidate for cash, and includes short-term treasury bills. 

The partnership looks to tap into Anemoy’s web3 infrastructure, Centrifuge’s growing traction in the real-world assets, and Archax’s distribution channels and venture capital.

With Archax handling sub-custodial services as well as compliance via know your customer, the move is intended to make it easier for institutional investors to gain exposure to T-bills, thereby expanding Archax users’ investment portfolio beyond USDC (USDC).

The strategic partnership with Archax, which is the first regulated digital assets exchange in the U.K., comes days after asset manager Janus Henderson announced its collaboration with Centrifuge and Anemoy.

On Sept. 13, Centrifuge revealed that Janus Henderson was taking over the management of Anemoy’s LTF, with the firms’ eyeing a market that is attracting major financial advisors and asset managers.

Nick Cherney, the head of innovation at Janus, said that the decentralized blockchain and the RWA market could be bigger and potentially more disruptive that the exchange-traded funds space.

According to Cherney, there’s possibility that these investments around decentralized blockchain will do to ETFs what the exchange-traded funds did to mutual funds.

Recent RWA.xyz data shows the global tokenized real-world assets market has grown to over $12 billion, with tokenized treasuries accounting for about $2.2 billion.

The partnership makes Centrifuge available to Fireblocks’ 2,000 institutional counterparties.

Centrifuge is integrating support for Fireblocks in the latest example of the tokenized real-world asset (RWA) sector's maturation.

On Oct. 21, an RWA tokenization and financing platform, integrated Fireblocks, an institutional-facing digital asset custodian.

The move allows Centrifuge asset managers to launch and manage funds using Fireblocks to custody both Centrifuge-native RWAs and its CFG token. The move also makes Centrifuge available to more than 2,000 institutional counterparties using Fireblocks Network.

“By integrating Centrifuge, we will help meet the growing demand for real-world asset tokenization, as well as bringing these assets on-chain,” said Idan Ofrat, chief product officer at Fireblocks. “With a growing list of over 80 supported blockchains, Fireblocks enables our customers to securely custody tokens on the latest chains and quickly build innovative services for their customers.

"We're excited to integrate Fireblocks to bring our customers closer together and simplify the process of issuing and managing tokenized RWAs for asset managers,” said Bhaji Illuminati, chief marketing officer of Centrifuge.

Centrifuge is an on-chain credit protocol enabling users to provide financing to real-world businesses. Users gain access to a variety of assets, including asset-backed securities, real estate, and invoice financing as both a source of yield and collateral underpinning loans.

Fireblocks has facilitated more than $6 trillion worth of digital asset transfers, and counts major banks such as BNY Mellon and BNP Paribas among its clients.

Centrifuge adoptionCentrifuge currently hosts a total value locked (TVL) of $152 million across its RWA credit pools.

Centrifuge has hosted $652.9 million worth of asset financing to date, up nearly triple since the start of 2023, according to Dune. BlockTower’s four pools offering exposure to asset-backed securities and consumer loan obligations account for 51.4% of the total, followed by New Silver’s three real estate-backed pools with 25.3%

New Silver Series 2 is Centrifuge’s largest active pool with a TVL of $41.7 million, followed by Anemoy’s Liquid Treasury Fund (LTF) with $36.1 million.

LTF positions Centrifuge as the eighth-largest tokenized treasury issuer, according to rwa.xyz. On Sept.13, Centrifuge announced that Janus Henderson, a $335 billion asset management firm, was taking over the management of LTF.

In April, Centrifuge announced it closed a $15 million Series A funding round co-led by ParaFi Capital and Greenfield.

The price of CFG is up 2% over the past 24 hours, according to The Defiant’s crypto price feeds.

Crypto in 2025: Messari Predicts Key Trends Driving Growth

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Centrifuge, a prominent platform for unlocking on-chain finance for investors, has announced a governance proposal CP141 seeking approval to develop Centrifuge V3. V3 is an EVM-based protocol designed to advance the real-world asset (RWA) market. The upgrade will introduce key features such as modular fund infrastructure, chain abstraction, and enhanced composability with decentralized finance (DeFi).

New governance proposal CP141: Development of Centrifuge V3, a multi-chain, EVM based protocol

This proposal seeks governance approval to initiate the development of Centrifuge V3, an EVM-based protocol, to drive the next phase of growth for the RWA market. Built as a… pic.twitter.com/Z3COlStwKq

— Centrifuge (@centrifuge) February 4, 2025 Centrifuge leveraged its leadership in RWAs to develop innovative versions before launching the V3 upgrade which focused on fund security and management. Centrifuge V3 introduces an abstraction functionality that enables fund managers to run their preferred blockchain network for management and centralized liquidity from multiple EVM platforms. The protocol includes a feature that enables synchronized interactions of tokenized assets between various blockchain networks.

Centrifuge’s Strategic Shift to the EVM Ecosystem The decision to develop Centrifuge V3 natively on the EVM is based on several strategic considerations. The total value locked in Centrifuge liquidity pools draws more than 95% of its funds from EVM chains because investors currently prioritize this technical framework. The integration will strengthen composability across DeFi platforms by adopting established EVM standards.

EVM-compatible chains provide developers and institutional partners with advanced tools and abundant on-chain money flow. The benefits of EVM compatibility enable Centrifuge to develop at scale and deliver solutions that meet expanding customer needs for assurance-compliant tokenized asset management offerings. The migration of governance infrastructure together with CFG token support will take place on an EVM chain to maintain compatibility with existing systems.

Implementation and Development Framework The governance proposal outlines a development plan to be executed by k/factory, a software studio founded by Centrifuge’s original contributors. The team will provide updates to the decentralized autonomous organization (DAO) as the project progresses.

The new version Centrifuge V3 will enable interoperability through standard implementations of ERC7540 and ERC6909 which support flexible fund arrangements. Through its multi-chain asset management framework, the system enables asset issuers to operate across chains which makes their products more accessible to institutional investors.

The Centrifuge team implements V3 with the purpose of solidifying its leadership in RWA infrastructure services while establishing the protocol as a leader in blockchain financial innovation. The launch of Centrifuge V3 is positioned as a necessary step to meet the increasing demand for on-chain RWAs ensuring the protocol remains at the forefront of the evolving digital asset ecosystem.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.