SSV Labs submitted proposal DIP-59 on Oct. 21 through the governance forum of SSV Network, an Ethereum Distributed Validator Technology, or DVT, protocol. The proposal says grant activity has narrowed versus prior years and the original plan because of current market conditions and the DAO’s financial position. Under the draft, the team would sharply scale back its previous development roadmap and shift its focus away from new product development toward network maintenance, security, and compatibility work tied to Ethereum upgrades. DIP-59 also seeks to revise and extend arrangements related to DIP-31. The proposed service term would run through the end of June 2027 and would include follow-up installment arrangements. The filing also disclosed that the third and final grant payment specified under DIP-31, totaling 1,736,111.11 SSV, has not yet been paid.
According to ChainCatcher, SSV Labs submitted proposal DIP-59 on Oct. 21 via the governance forum of SSV Network, an Ethereum Distributed Validator Technology (DVT) protocol.
Proposal would shift priorities
The proposal says grant activity has narrowed compared with prior years and the original plan because of current market conditions and the DAO’s financial position. It proposes a sharp reduction to the existing development roadmap, with work moving from new product development to network maintenance, security, and compatibility with Ethereum upgrades.
DIP-31 terms would be revised and extended
DIP-59 also proposes revising and extending arrangements tied to DIP-31. The service term would be extended through the end of June 2027 and would include subsequent installment arrangements.
The proposal disclosed that the third and final grant payment specified under DIP-31, amounting to 1,736,111.11 SSV, has not been paid so far.
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