BloxStaking
BloxStaking, a platform for Ethereum staking, will shut down on June 1st, 2024, and has contributed significantly to the SSV Network's Distributed Validator Technology infrastructure.
BloxStaking Services
BloxStaking provided a service allowing users to participate in Ethereum staking. The platform supported over 550 unique stakers, managing more than 4,700 validators. Through its platform, BloxStaking proposed over 46,000 Ethereum blocks and generated over $10 million in staking rewards for its users. BloxStaking was known for offering a free and accessible solution for solo Ethereum stakers, positioning itself as a public good within the blockchain community.
BloxStaking Shutdown
BloxStaking is scheduled to shut down and become inaccessible after June 1, 2024. Users of BloxStaking are advised to migrate their validators to the SSV Network or another service before this date. The shutdown marks the end of a significant participation in the Ethereum staking ecosystem, where BloxStaking supported stakers for over 270,000 epochs.
BloxStaking and the SSV Network
BloxStaking has contributed to the SSV Network, an infrastructure based on Distributed Validator Technology (DVT). The SSV Network is decentralized, permissionless, and fault-tolerant, aimed at improving the security and reliability of Ethereum staking. Validators from BloxStaking can migrate to the SSV Network, which is facilitated by the SSV Network DAO's incentivization program, offering extra SSV rewards until October 2024.
Ethereum Staking Contributions
Throughout its operation, BloxStaking made significant contributions to the Ethereum staking ecosystem. The platform has proposed over 46,000 Ethereum blocks and generated staking rewards exceeding $10 million for its users. BloxStaking's participation spanned over 270,000 epochs, underlining its extensive engagement and involvement in the growth and security of Ethereum staking.
BloxStaking User Migration
With the impending shutdown of BloxStaking on June 1, 2024, users need to migrate their validators either to the SSV Network or another staking service before this deadline. This migration is crucial for stakers who wish to maintain their staking activities and continue earning rewards. The SSV Network, supported by an incentivization program until October 2024, offers a seamless transition option for BloxStaking users.