SSV Network Introduces Compose for Enhanced Ethereum Interoperability

SSV Network has unveiled Compose, a groundbreaking solution designed to address the fragmentation within Ethereum's rollup-centric ecosystem. Compose aims to restore network effects and enhance user experience by uniting Ethereum’s rollups through validator-powered synchronous composability, according to SSV Network.

SSV Network's Role in Ethereum Staking

Since its inception, SSV Network has been pivotal in developing Ethereum-native infrastructure. The network's Distributed Validator Technology (DVT), launched two years ago, has become a gold standard for staking, integrated by major staking protocols and exchanges. DVT addresses security risks in legacy validator setups while decentralizing the Ethereum consensus layer. Currently, approximately 14% of Ethereum validators operate on SSV, securing over 5 million ETH.

Introducing Compose

SSV Network's latest initiative, Compose, is a Based Application (bApp) that leverages Ethereum's validator set to solve ecosystem fragmentation. It employs a Shared Publisher (SP) architecture to enhance synchronous composability across all rollups, creating new revenue streams for validators and unifying the rollup ecosystem.

Addressing Fragmentation in Ethereum

Ethereum's rollup-centric approach, while successful in scaling transaction throughput, has led to liquidity fragmentation and broken user experience across rollups. Compose addresses these challenges by providing a seamless experience akin to the atomic "DeFi Lego" of Ethereum L1, without the need for bridges or wrapped assets.

The Benefits of Compose

Compose allows validators to earn additional yields from synchronous composability, transforming them into multi-service providers. This aligns rollups with Ethereum's values by routing interop fees back to validators and Ethereum, rather than to bridges or custodians. Validators also continue to earn ETH staking rewards, reinforcing their role in the ecosystem.

Future Prospects for the SSV Community

Compose is a project of the SSV DAO, promising additional revenue streams for validators and strengthening the protocol treasury. As the second-largest staking provider in Ethereum, SSV Network is poised to secure further institutional capital amid growing interest in ETH staking.

SSV Network remains committed to its mission of supporting Ethereum through its validator set, with Compose representing a significant step forward in connecting every corner of Ethereum.