SSV Network (SSV)
Unlock Schedule
SSV Network (SSV) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the SSV Network (SSV) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence SSV price performance.
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
SSV, an ERC‑20 token on Ethereum (contract 0x9D65fF81a3c488d585bBfb0Bfe3c7707c7917f54), underpins payments and governance. In the network’s baseline model, stakers pay operator fees in SSV, and a fixed “network fee” (set by DAO vote) flows to the DAO treasury to fund development and grants. Operators set their own prices in a free‑market marketplace, but fee changes are rate‑limited by DAO‑controlled guardrails so stakers have time to react. Token holders vote on network parameters, grants, and treasury actions. (docs.ssv.network)
In 2025–2026, the community outlined SSV 2.0, which evolves the economic model in two notable ways. First, “SSV Staking” proposes that SSV holders can stake SSV and receive a liquid token (cSSV) that represents the staked position while protocol/network fees shift toward ETH‑denominated accounting. Second, the model introduces a more direct route for protocol value to flow back to stakers through ETH‑based fees, with oracles bridging consensus‑layer balances to smart contracts. These changes aim to align incentives with Ethereum’s economics and make accounting more predictable for operators and the DAO, subject to DAO approval. (ssv.network)
SSV 2.0 also describes a long‑term plan for the “Based‑Applications Chain” (bApps chain). In this design, SSV becomes the native gas/coordination token for a chain purpose‑built to coordinate DVT operations and future “based applications.” The DAO has discussed mint/burn dynamics and the phase‑out of incentive mints tied to the incentivized mainnet program (which minted SSV through 2025), with the goal of responsible, possibly deflationary, long‑term supply behavior under DAO control. (ssv.network)
Assumptions
- Total supply is uncapped; DAO can mint via governance.
SSV token contract exposes a mint() function (onlyOwner), and no hard cap is enforced; forum discussions on hard cap are proposals only.
- CDT conversion minted amount modeled linearly from 2021-10-06 to 2024-12-31.
Actual claims occurred over time; Upgrader contract CDT balance (~951.13M CDT) implies ~9.511M SSV minted; conversion closed after 2024-12-31 per DIP-26.
- Partner Program total minted approximated at 1,402,934 SSV and consolidated into a single 1y cliff + 1y linear schedule.
Multiple DAO-approved partner purchases across late-2021/2022; exact aggregate across all partners estimated from DAO communication that ~1M were sold plus contemporaneous total supply context; vesting mechanics are standardized (1-year cliff, then 1-year linear).
- IMP rewards modeled as uniform monthly linear unlocks per approved program windows.
DAO minted to a dedicated wallet with periodic top-ups; for charting, a monthly linear schedule over each program year approximates realized emissions.
- DAO Operational & Reserve Mints derived residually.
Etherscan max total supply on 2026-02-05 minus all explicitly modeled mints; covers monthly Operational/Reserve Track mints under DIP-26 and other governance mints not separately itemized here.
- Grants and Bug Bounty treated as minted at program approval (cliff on 2022-05-05).
Grant program final draft in May 2022 specified 150k SSV grants and up to 300k SSV bug bounty; disbursement to recipients occurs over time but minting increases supply at approval.
- 1. https://ssv.network/blog/ssv-token-upgrade-is-here
- 2. https://docs.ssv.network/build/smart-contracts/
- 3. https://etherscan.io/token/0x9D65fF81a3c488d585bBfb0Bfe3c7707c7917f54
- 4. https://etherscan.io/address/0x2bf73A478cc6a7bA4E6758A3A52AbDc8CDBa735E
- 5. https://forum.ssv.network/t/dip-26-ssv-network-dao-four-year-budget-2024-2028/1716
- 6. https://forum.ssv.network/t/incentivized-testnet-v3/218
- 7. https://forum.ssv.network/t/incentivized-testnet-final-draft/261
- 8. https://forum.ssv.network/t/incentivized-mainnet-program/1203
- 9. https://forum.ssv.network/t/dip-27-incentivized-mainnet-program-revision-2/1725
- 10. https://forum.ssv.network/t/dao-partner-program/52
- 11. https://forum.ssv.network/t/ssv-dao-partners-ssv-vesting/127
- 12. https://forum.ssv.network/t/dip-20-ssv-foundation-market-making-service-agreements/1429
- 13. https://forum.ssv.network/t/ecosystem-grant-program-final-draft/576
- 14. https://forum.ssv.network/t/dip-5-grant-program-and-committee/1128
- 15. https://forum.ssv.network/t/whats-the-max-supply-of-ssv-token-and-distribution-and-vesting-schedule/638
Allocations
Description
#468
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 |