# SSV x Blockscape grant proposal \[Institutional Liquid Staking for SSV\]

**URL:** <https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671>\
**Category:** Grants\
**Created:** [July 28, 2022, 10:51am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671 "2022-07-28T10:51:24Z")\
**Posts on this page:** 12\
**Page:** 1

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**Author:** ![BenAffleck](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/benaffleck/32/19_2.png) [@BenAffleck](https://forum.ssv.network/u/BenAffleck)\
**Post date:** [July 28, 2022, 10:51am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/1 "2022-07-28T10:51:24Z")

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We want to inform the community that the grant committee has approved the following grant request:

**[Blockscape](https://blockscape.network/) - Institutional Liquid Staking for SSV Operators powering financial NFTs**

> **[blockscape\_ssv\_institutional\_liquid\_staking](https://docs.google.com/document/d/1slHDASYeW95Rl-YVMGn1dQxHNLZCGP3yE2mRKEkb1RY/edit?usp=sharing)**
>
> Institutional Liquid Staking for SSV Operators powering financial NFTs Summary of Proposal Blockscape will implement a liquid staking solution that targets institutional investors via dedicated whitelabel frontend. Proposal Motivation and Goals...

Total grant size: **$50k**.

The grant will be paid in **30% USDC and 70% SSV** tokens based on **90 days price average** as of the approval date, re-calculated for every milestone.

**To:** [0x38f29accd3eed47cd17a716bbee9db7280641c4d](https://etherscan.io/verifySig/8661) (verified)

A public AMA will be held soon.  
An overview of all approved grants can be found on [notion](https://ssvnetwork.notion.site/b7cdfb85cff74386bb7bee6bbbba3f5c?v=074670ffa90440b89ccebaeb7545e03d).

Good luck to all of us. 🍀  
Ben

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**Author:** ![luguokankan](https://avatars.discourse-cdn.com/v4/letter/l/f1d935/32.png) [@luguokankan](https://forum.ssv.network/u/luguokankan)\
**Post date:** [July 31, 2022, 2:48am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/3 "2022-07-31T02:48:50Z")

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![image](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/32e6283f9cf0e1e8bfeaca80a81c118b4c32bcc2.png)

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**Author:** ![normad](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/normad/32/190_2.png) [@normad](https://forum.ssv.network/u/normad)\
**Post date:** [July 31, 2022, 12:33pm UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/4 "2022-07-31T12:33:26Z")

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thx for flagging. Just changed it 👍

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**Author:** ![BenAffleck](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/benaffleck/32/19_2.png) [@BenAffleck](https://forum.ssv.network/u/BenAffleck)\
**Post date:** [August 12, 2022, 2:33pm UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/5 "2022-08-12T14:33:38Z")

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Hello there👋,

Based on the agreed payment terms, the upfront payment of **$10k** (30% USDC, 70% SSV) shall be executed as follows:

**To:** [0x38f29accd3eed47cd17a716bbee9db7280641c4d](https://etherscan.io/verifySig/8661) (verified)

**Amount SSV:** 1’013.64  
**Amount USDC:** $3’000

**Decision date:** 2022-07-27  
**90-day SSV token price:** $6.90579.

@normad @SpookyG

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**Author:** ![normad](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/normad/32/190_2.png) [@normad](https://forum.ssv.network/u/normad)\
**Post date:** [September 14, 2022, 6:39am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/6 "2022-09-14T06:39:11Z")

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Quick update from our side:  
We are making good progress. Liquid staking via swell protocol is already possible. In Goerli you can now stake your swNFT via our built frontend.  
For KYB we now use [Quatranta](https://quadrata.com/). This part is working already as well but we might still change KYB provider.  
Next step is the SSV integration. We will keep you posted.

Here is a screenshot of the current status:

 ![Screenshot 2022-09-13 at 20.29.40](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/cdbb4bfe2c31f44fd88da2eed7565b6e3f2ef175.jpeg)

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**Author:** ![normad](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/normad/32/190_2.png) [@normad](https://forum.ssv.network/u/normad)\
**Post date:** [November 18, 2022, 9:56am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/7 "2022-11-18T09:56:12Z")

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Progress update:

- Moved project to public repo: [GitHub - BlockscapeNetwork/ssv-institutional-staking: ssv institutional staking](https://github.com/BlockscapeNetwork/ssv-institutional-staking) - live demo via link in “About” section
- Since swell had some problems we decided to temporarily introduce our own smart contracts for staking layer
- Verification layer is working. Institutions get a NFT issued once verified (see below)
- Working on a middleware that splits the keys and calls registersValidator

Staking layer alternative:  
 ![blockscape-update](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/9602f136d8266242310f7be20a89a499676b4ad4.png)

NFT for verified institutions / operator:  
 ![54609359-787B-4DEE-8ABC-2E8A29DB49EA](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/8e686fbfb43b3db3d719ec5f4e4268b567d01b77.gif)

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**Author:** ![alonmuroch](https://avatars.discourse-cdn.com/v4/letter/a/9de053/32.png) [@alonmuroch](https://forum.ssv.network/u/alonmuroch)\
**Post date:** [November 19, 2022, 4:03pm UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/8 "2022-11-19T16:03:29Z")

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Love the NFT!  
Thank you for the update!

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<div class="post-metadata">

**Author:** ![normad](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/normad/32/190_2.png) [@normad](https://forum.ssv.network/u/normad)\
**Post date:** [January 6, 2023, 3:42am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/9 "2023-01-06T03:42:57Z")

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Good news: testable PoC is ready with SSV part is fully implemented!  
Check it out at [https://blockscapenetwork.github.io/ssv-institutional-staking/](https://blockscapenetwork.github.io/ssv-institutional-staking/)

Some guidance on the usage:  
=\> To register a verified validator you a Quadrata passport. Click “get verified” or DM me. We can whitelist ur account.  
=\> Now you can stake your ether  
We give you two options:  
a) stake 32 goerli eth  
b) mock 32 eth staking where no goerli eth is required

=\> Once 32 eth are staked a new ssv validator will be registered

This is what it looks like for me:

 ![Screenshot 2023-01-10 at 09.45.36](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/73f96cafd73b2e8a6c25652fdae9cd7a872e0e0e.png)

Next steps: onboard and verify partner SSV operators.  
! If you are a SSV operator and you want to collaborate with blockscape to run ssv institutional grade staking operators reach out to us !

P.S. all code is open source in the github repo.

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**Author:** ![markoInEther](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/markoinether/32/270_2.png) [@markoInEther](https://forum.ssv.network/u/markoInEther)\
**Post date:** [January 9, 2023, 7:24am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/10 "2023-01-09T07:24:24Z")

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Great job Normad!  
Could you link to the repo here? 🙂

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<div class="post-metadata">

**Author:** ![normad](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/normad/32/190_2.png) [@normad](https://forum.ssv.network/u/normad)\
**Post date:** [January 9, 2023, 7:52am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/11 "2023-01-09T07:52:51Z")

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Thx Marko! Sure: [GitHub - BlockscapeNetwork/ssv-institutional-staking: Compliant DVT staking](https://github.com/BlockscapeNetwork/ssv-institutional-staking)

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<div class="post-metadata">

**Author:** ![normad](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/normad/32/190_2.png) [@normad](https://forum.ssv.network/u/normad)\
**Post date:** [April 20, 2023, 6:18am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/12 "2023-04-20T06:18:41Z")

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GM, certainly time for an other update from our end:

1. New UI rdy @: [https://blockscapenetwork.github.io/ssv-institutional-staking/stake](https://blockscapenetwork.github.io/ssv-institutional-staking/stake)
2. Larger picture: Blockscape is introducing staking vaults. For this we built a new platform called “unistake”. One of them will be the SSV institutional vault. See [https://blockscape.network/ethereum-staking/](https://blockscape.network/ethereum-staking/) for more details.  
 ![Screenshot 2023-04-19 at 20.02.30](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/8c9621dee95f3aac3243965b504fa1063f63d392.jpeg).
3. Stakewise v3: For our LSD we decided to go with stakewise v3. Depositing into the vault will only be possible from our frontend because of KYC/KYB requirements.
4. Compliance: All operators operators and stakers will have to go through the quatranta KYC, will then be whitelisted and can then deposit.
5. Geographic focus of operators: To avoid legislative restrictions we are partnering with operators that are based in Switzerland and Germany for now.

Looking forward to SSV mainnet launch!

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<div class="post-metadata">

**Author:** ![normad](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/normad/32/190_2.png) [@normad](https://forum.ssv.network/u/normad)\
**Post date:** [May 26, 2023, 9:19am UTC](https://forum.ssv.network/t/ssv-x-blockscape-grant-proposal-institutional-liquid-staking-for-ssv/671/13 "2023-05-26T09:19:48Z")

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We are getting SSV mainnet ready:  
[https://pro.blockscape.network/](https://pro.blockscape.network/)

What we accomplished this month:

- Automated keygen, splitting and validator registration for SSV v3
  - see: [https://github.com/BlockscapeNetwork/ssv-institutional-staking/tree/main/backend](https://github.com/BlockscapeNetwork/ssv-institutional-staking/tree/main/backend)

- Introduced two new smart contracts: ssvManager and instManager. Checkout this diagram for an overview:  
 ![architecture](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/ef313f8c4a8182ed8ecb285ee8fe40815cb9959d.jpeg)
- Decided that we won’t onboard external operators because of compliance issues after talking to layers.
- Setup 4 permissioned SSV operators. All operated by Blockscape on different cloud infrastructures with different execution and consensus clients.

We welcome any staker to test our platform and welcome feedback!  
Everything is still (obviously) on goerli.

* * *

Milestone update: We launched on mainnet.

Blockscape is the first operator to offer non-custodial dvt staking built on top of a stakewise v3 vault.  
You can either use unistake ([https://unistake.blockscape.network/](https://unistake.blockscape.network/)) or stakewise ui ([https://app.stakewise.io/vault/0xb46dba422bcf7f113da2eeb41c0e2cc6298d6bba](https://app.stakewise.io/vault/0xb46dba422bcf7f113da2eeb41c0e2cc6298d6bba)) to stake your ETH.

We setup four SSV operators in different geo locations to enhance security and resilience. Checkout our medium article for more details: [https://blockscape-network.medium.com/decentralized-redundant-and-global-experience-staking-as-it-should-be-bf0da771a714](https://blockscape-network.medium.com/decentralized-redundant-and-global-experience-staking-as-it-should-be-bf0da771a714)

 ![blcs_geo](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/d78f2c369d39a2cfb54921bfa5af00a2abbdddb4.webp)

In agreement with the grant committee we revised our last milestone.  
We will now build vault solution that makes it easy for anyone to spin up a staking vault without needing to operate nodes themselves. We plan to launch this solution in February 2024.
