Non-custodial staking service P2P.org plans to go live with a new restaking product designed for institutional clients, leveraging the SSV Network and EigenLayer technology, Investing.com has learned.

This approach uses Distributed Validator Technology (DVT) to offer decentralized restaking options within the Ethereum ecosystem.The restaking product offers an annual percentage yield (APY) of over 5.6%, which enables users to benefit from the rewards associated with securing Ethereum and layer2 blockchain networks. 

By integrating SSV’s DVT with EigenLayer's restaking technology, P2P.org simplifies the participation process for institutions in the cryptocurrency staking space without adding operational complexity or risk.

The new product also helps platforms such as exchanges, wallet providers, and custodians incorporate staking and decentralized finance (DeFi) services into their offerings. P2P.org says it currently manages over 1 million staked ether (ETH) and has exceeded a total value locked (TVL) of $7.4 billion.Staking lets cryptocurrency investors earn passive income by putting their holdings to work, without having to sell them. Institutional staking works the same way, but on a much larger scale. There are two types of staking providers: non-custodial, where investors keep control of their crypto, and custodial, where the provider holds the crypto on behalf of the investorMatrixport, a Hong Kong-based financial services provider specializing in crypto products, is the first major client to adopt P2P.org’s DVT-powered restaking service. This collaboration allows their institutional clients to generate yields through a user-friendly interface that supports compliant decentralized staking practicesJonathan Tse, Head of Treasury at Matrixport, commented on the launch, stating, "It's intriguing to observe Ethereum's shift towards a more collaborative model for node operators, aiming for equal rewards for all stakers. The rapid evolution of technology continually introduces new solutions to address emerging challenges