SSV Network (SSV) Tokenomics, Unlock Schedule and Vesting Chart

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SSV Network (SSV) Token Unlock & Vesting Schedule

As of October 16, 2026, 14.64 million SSV have been released. The schedule is ongoing, with no final release date.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

Governance, staking, and network fees

SSV is an ERC-20 token with no fixed maximum supply. A published token disclosure describes an initial allocation across community holders, the team, partners, and a treasury. The DAO uses its governance process for decisions about treasury spending and token issuance. Supply can therefore change through approved minting rather than follow a preset hard cap. (assets-cms.kraken.com)

The network’s payment model has evolved. Its original clusters used SSV to pay node operators. Under the newer model, clusters deposit ETH for operator and network fees, and operators receive ETH for their service. Older SSV-funded clusters remain part of the network’s transition arrangements. The network fee is set through DAO governance, while operators set their own service fees. (docs.ssv.network)

Token holders can stake SSV to support the network’s effective-balance oracles. These oracles report how much ETH a validator effectively represents, information used in the network’s fee accounting. A person who stakes SSV receives transferable cSSV, which represents the staked position. A portion of ETH network fees is distributed to cSSV holders in proportion to their positions. Holders can claim accrued ETH rewards, and withdrawing the underlying SSV follows an unstaking cooldown. Staked SSV also carries weight in the oracle system, while the token continues to support DAO governance. (docs.ssv.network)

Assumptions

SSV began with a 10 million-token mint for CDT conversion, and later supply growth depends on DAO-authorized minting rather than a fixed emission schedule. The chart can show that initial mint, estimated growth between dated total-supply observations, two reported SSV Labs payments and their estimated vesting periods. Partner vesting, claims, grants, loans and promotional rewards have documented budgets or terms but often lack verified token amounts or payment dates, so those unknown releases are listed without adding them to issuance. The reference supply is reached by the observed-growth curve, but a September 30, 2026 on-chain supply snapshot and cumulative burn total remain unverified.

Initial community and other non-team holders: Releases depend on recipients claiming tokens or on grants being awarded.
Initial team holdings: The sources give the amount but no release dates.
Team donation to DAO treasury: The sources give the amount but no release dates.
Subsequent DAO-authorized mints, all purposes: Timing not yet established.
Subsequent DAO-authorized mints, all purposes: Releases depend on future governance or treasury decisions.
DAO strategic-partner token sales: The sources give the amount but no release dates.
Named first strategic-partner batch: DCG, Coinbase and Lukka: The sources give the amount but no release dates.
Incentivized testnet rewards: Releases depend on recipients claiming tokens or on grants being awarded.
Incentivized Mainnet Program rewards: Releases depend on recipients claiming tokens or on grants being awarded.
DAO market-making token loans: The sources give the amount but no release dates.
DAO growth-incentive reserve from reclaimed tokens: Releases depend on future governance or treasury decisions.
DAO voting-delegation reserve: Releases depend on future governance or treasury decisions.
SSV Foundation token-denominated annual budgets, 2025–2028: The sources give the amount but no release dates.
SSV Foundation token-denominated annual budgets, 2025–2028: Releases depend on future governance or treasury decisions.
SSV Labs DVT development payments under DIP-31 and DIP-53: The sources give the amount but no release dates.
Compose research grant within amended SSV Labs budget: The sources give the amount but no release dates.
DAO grants-program funding pool: Releases depend on future governance or treasury decisions.
Lido Simple DVT expansion fee-runway grant: Releases depend on recipients claiming tokens or on grants being awarded.
Lido Simple DVT additional grant under DIP-30: Releases depend on recipients claiming tokens or on grants being awarded.
SSV Labs core-development grant under DIP-24: The sources give the amount but no release dates.
cSSV Genesis Boost promotional rewards: Releases depend on recipients claiming tokens or on grants being awarded.
cSSV Syndicate Boost promotional rewards: Releases depend on recipients claiming tokens or on grants being awarded.

Sources (25)

Initial Supply 10.00M

Unlocked Supply 14.64M

Unlock Progress — No maximum supply

Genesis Date September 2021

Fully Unlocked Ongoing

Allocations 24

Marketcap Rank (#) 553

Price ($) 2.60 -8.63% (7d)

24h Volume ($) 238K +17.99% (7d)

Marketcap ($) 38M

Fully Diluted Value ($) N/A

Circulating Supply N/A

Perpetuals: 2 markets on Binance and OKX · $2.4M open interest

Spot

Perp


SSV/USDT	766K	41K/121K
SSV/USDT	146K	7.7K/101K
SSV/USDT	124K	377/730
SSV/USDT	68K	15K/13K
SSV/USDT	58K	36K/59K
SSV/USDT	57K	31K/83K
SSV/USDC	46K	8.2K/10K
SSV/USDT	40K	5K/29K
SSV/USDT	37K	7.8K/108K
SSV/WETH	21K	7.2K/7.2K
SSV/USD	4.1K	17K/30K
SSV/USDC	652	5.2K/5.7K
SSV/EUR	11	0/0
SSV/EUR	7.4	56/55

Allocations

Initial CDT-to-SSV upgrade mint

10,000,000 tokens · 2 parts

Cliff: September 2021 — 100.00% of allocation · 10,000,000 tokens

Sources: Token Upgrade CDT → SSVSSV Network UK Crypto Asset Statement

Subsequent DAO-authorized mints, all purposes

N/A tokens · 3 parts

Timing not yet established (September 2021 - September 2026): amount unknown

Timing not yet established (October 2026 - open): amount unknown

Sources: Token Upgrade CDT → SSVWhat's the max supply of SSV token and distribution and vesting schedule?DIP-26: ssv.network DAO Four-Year BudgetDIP-41: Four-Year Budget Revision #1

DAO market-making token loans

300,000 tokens

Timing not yet established (2024 - open): 300,000 tokens

Sources: DIP-48: Market-Making Service Agreements

DAO growth-incentive reserve from reclaimed tokens

150,000 tokens

Timing not yet established (2025 - open): 150,000 tokens

Sources: DIP-26: ssv.network DAO Four-Year Budget

DAO voting-delegation reserve

200,000 tokens

Timing not yet established (2025 - open): 200,000 tokens

Sources: DIP-25: Enhancing DAO Voting EngagementDIP-26: ssv.network DAO Four-Year Budget

DAO treasury-funded grants and operating distributions

N/A tokens · 4 parts

cSSV Genesis Boost promotional rewards

N/A tokens

Timing not yet established (Apr 29, 2026 - Aug 28, 2026): amount unknown

Sources: Terms and Conditions for cSSV Genesis Boost Campaign

cSSV Syndicate Boost promotional rewards

N/A tokens

Timing not yet established (Jun 9, 2026 - Jul 9, 2026): amount unknown

Sources: Terms and Conditions for cSSV Syndicate Boost Campaign

Supply growth (CoinGecko)

Ongoing issuance

Observed release: 3,422,302 tokens

Backend estimate, not researched: the growth of CoinGecko's total supply (3,422,302 tokens) over 2023-12-25 to 2026-09-30, where the research dates no issuance

Sources: CoinGecko total supply (supply reference given to the research)

Last Updated: 2026-09-30 22:20:17 UTC

Description

#553

SSV Network is a decentralized protocol aimed at improving the security and effectiveness of Ethereum staking by distributing the operation of a single validator key across multiple nodes. This approach enhances the robustness and fault tolerance of the network's consensus mechanism, contributing to Ethereum's scalability and security.

Sector:	AI & Compute
Blockchain:	Ethereum

2021