SSV x Nexus Network grant proposal [Layer 2 onboarding and staking infrastructure]

We want to inform the community that the grant committee has approved the following grant request on 2023-07-26:

Nexus Network-Layer 2 onboarding and staking infrastructure

Total grant: $60000

Payment terms: The grant will be paid in 70% SSV and the rest in USDC tokens based on a 7-day moving price average as of the approval date, re-calculated for every milestone.

Thank you :four_leaf_clover:

—Grants Committee

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Nexus network has built a native yield plugin, which can be used by any Rollup or bridge on Ethereum to enable native yield on their rollup. It is the first non-custodial and decentralized solution that keeps in mind the security of the assets present on the bridge. Nexus utilizes SSV to make the validators on Ethereum decentralized. The latest DVT and DKG tech developed by SSV helps us to make our validator operations decentralized.

To showcase our solution and as part of milestone 2 for the grant, we have deployed our Testnet using the Arbitrum orbit stack. We changed the bridge contract in the stack so that the locked funds in the bridge could be sent directly to SSV validators. There is an off-chain bot that monitors the bridge for sufficient funds and initiates the DKG process. The rollup can set whatever they want as their staking limit which can be changed with a single transaction.
Anyone can try the solution here:
Nexus Network Testnet
Also, people interested in learning more about the product can go through our documentation.

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