SSV Network, a decentralized staking infrastructure for Ethereum 2.0, has announced revisions to its incentivized mainnet program (IMP) following a successful decentralized governance vote. The updates aim to boost APR rewards and improve the program's structure to encourage more participation.

The IMP, an initiative by the SSV DAO, has been extended to December 2024, and APR rewards have been significantly increased for early validators. However, SAFE multisig wallets are now excluded from eligibility.

The DIP 18 proposal, introduced by SSV user ‘BenAffleck’, received over 99% of votes in favor. The proposal extends the IMP to December 2024, restructures the reward tiers, and boosts APR rewards to incentivize participation.

Despite these changes, the market outlook remains pessimistic. The exclusion of SAFE multisig wallets from eligibility may discourage some potential validators, and the increased APR rewards may not be sufficient to attract new participants in a bearish market. The success of these changes remains to be seen.

SSV Network's revised IMP is a clear attempt to increase engagement by existing and potential validators. However, the overall market conditions and the exclusion of certain participants may hinder the effectiveness of these changes.