🔥 SSV Network, the decentralized staking infrastructure for Ethereum 2.0, announced an overhaul of its mainnet incentive program (IMP) following a successful vote. 🚀

🔹 IMP has been extended until December 2024.

🔹 APR rewards have been significantly increased for early validators.

🔹 SAFE multisig wallets are now excluded from participation.

DIP 18, submitted by SSV user 'BenAffleck', received over 99% support. The proposal seeks to extend the IMP through December 2024, restructure award levels, and increase APR awards to encourage participation.

Validators can claim their rewards using the following 4-step process:

1️⃣ A snapshot of all validators in the SSV network is taken every month.

2️⃣ After the photo is taken, calculations are carried out and published on the SSV management forum.

3️⃣ Validators are rewarded according to their online days through on-chain Merkle proofs and claims contracts.

4️⃣ Rewards for a specific month can be claimed by the community before the 15th of the following month on the Ethereum mainnet using this process.

👇 Discuss in the comments if you think this will help increase validator participation in the SSV network?