SSV Network selects Randamu for Distributed Key Generation (DKG) Grant Award
Partners plan to enhance SSV's Decentralized Validator Infrastructure
By: Randamu, Inc.
SSV Network is a fully decentralized and open Ethereum (ETH) staking infrastructure that uses Distributed Validator Technology (DVT) to split a validator key between non-trusting nodes or operators in a network. This allows for greater resilience for ETH staking applications and supports the decentralization of Ethereum's validation layer at scale.
Randamu is a software development company that specializes in threshold cryptography, including distributed key generation (DKG) solutions, and is composed of the core maintainers of the drand software and the League of Entropy network.
SSV Network recently awarded Randamu a grant to author and maintain 'DKG Coordinator' software. The purpose of this new software will be to assist SSV Network participants in managing their DKG processes and ensuring the integrity and availability of their validator secret keys.
Validator key management and security is currently a pain point for ETH staking as standard setups require the key to be online 24/7 for duties. By integrating a DKG coordinator into SSV Network, the existing security, performance, and flexibility of distributed validators (DVs) are boosted further.
Before selecting Randamu as their preferred recipient for the DKG Coordinator development effort, SSV Network faced several challenges with their DKG protocol, such as:
By adopting Randamu's DKG Coordinator as a solution to their DKG management challenges, SSV Network expects to achieve the following results:
As a result of their experience with Randamu and the DKG Coordinator software, SSV Network expects to accrue the following benefits:
SSV Network is a decentralized ETH staking network that will rely on Randamu's DKG Coordinator to manage their DKG process and ensure the integrity and availability of their validator keys. Randamu's DKG Coordinator offers a solution for SSV Network to enhance its DKG management, addressing issues such as standardization, reliability, security, and scalability. SSV's collaboration with Randamu will further assure its position as a premier provider of distributed validator technology, securing billions in custody within the network.