TechFlow news: Ethereum staking infrastructure SSV Network announced that two key proposals have passed snapshot voting. The Mainnet Incentive Program will promote broader adoption of DVT through rewards, while the foundation incorporation will help streamline both online and offline operations.
The "Mainnet Incentive Program" proposal aims to create an incentive layer for the live SSV mainnet, stimulating DVT adoption and growth of the SSV Network by rewarding participants operating on the SSV network over the coming year. The program will run in cycles lasting from one to twelve months, starting at epoch 232538 and ending at epoch 314887. Each validator on the mainnet will receive SSV token rewards based on a tiered reward system, with SSV tokens minted by the DAO.
The other proposal, "ssv.network DAO Foundation Merger," outlines the steps and rationale for establishing a Cayman Islands Foundation for the ssv.network DAO, including foundation documents, personnel, and timeline. Within three months of this proposal's approval, the Foundation Working Group (FWG) will have the authority to direct the SSV Foundation to complete the registration process and initiate smooth and efficient operations of the SSV Foundation.
