SSV Should Increase its Revenue Network fee to 10%

Governance SSV Token
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I think Coinbase is an outlier compared to the rest of the industry:

  • Binance – 10%
  • Lido – 10%
  • Kraken – 16%

If the network fee becomes 10%, we’ll effectively be taking ~3.5% net negative out of the staking service providers’ margins (6.5% IM – 10% network fee).
That’s specifically for private operators.

Fee Optimization with Trusted Clusters (TC)

  • Currently, the minimum liquidation collateral is 1.53 SSV
  • The yearly network fee is ~3.25 SSV
  • Total yearly cost for a single validator = 3.25 + 1.53 = 4.78 SSV
  • The minimum liquidation collateral is a system overhead that can be optimized with Trusted Clusters
  • TC can abstract the fee token entirely (e.g., paying network fees in ETH, USDC, etc.)

How It Works

  • A TC pays network fees off-chain via a legal agreement with the Foundation
  • Designed for large cluster operators
  • Requires no liquidation collateral
  • Payments can be made in any token
  • It reduces SSV price volatility for larger operators (and liquidation risk)
  • We can charge a higher fee for this convenience (e.g., ~1.5%)

If we can onboard a meaningful number of clusters under the TC model, this could generate an additional $2–3M in annual fees for the DAO.

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