The Decentralized Validator Vault accepts ETH deposits to the Lido protocol, accelerating the adoption of Distributed Validator Technology (DVT) from Obol and SSV Network, which in turn increases Ethereum validator security and resilience by distributing control across multiple operators, reducing single points of failure and slashing risks. Eligible vault users receive tokens from Obol and SSV, based on the number of corresponding DVT-based validators active in the Lido protocol. Learn more.

APR is the annual percentage rate without compounding. DVV APR is net APR nominated in ETH and consists of stETH APR, SSV, and Obol rewards:

• stETH APR based on Lido’s Ethereum staking rewards. Learn more.
• SSV and Obol rewards calculated daily based on token-to-ETH prices, vault liquidity, and reward distributions. You can find the full formula in the documentation.

Please note that APR figures are only estimates and subject to change at any time. Past performance is not a guarantee of future results. Rewards are influenced by factors outside the platform’s control, including changes to blockchain protocols and validator performance.

For every hour these N USD stay in a vault, the address holding an LRT gets 0.00025*N Mellow points. As a general rule, loyalty points are updated hourly. Here you can find the breakdown of what these points consist of.

There’s no deposit fee or any other fees during your deposit, but as with any Ethereum interaction, there will be a network gas fee. Additionally, because DVV’s underlying token is wstETH, both the vault and any withdrawn wstETH are subject to Lido’s 10% protocol fee on the net staking APR.

As with any DeFi products, there are risks. Please note this list is not exhaustive:

• Smart contract risk
• Validator slashing risk
• Other inherited Lido protocol risks

Important: The risks described above are not exhaustive. Other risks may exist and could arise unexpectedly. While contributors to the protocol implement best-in-class security practices and continuously monitor risk exposure, no system is entirely risk-free, and some risks may remain despite all mitigation efforts. Anyone considering using the vault should conduct their own research and seek independent professional advice to ensure they fully understand the potential risks and implications before participating.

The curator for DVV is Steakhouse Financial, their role is overseeing strategy execution and managing the vault's operational flow.

DVstETH is a wrapped Liquid Staking Token powered by the Lido protocol’s wstETH, allowing vault depositors to reuse their staking receipts across the DeFi ecosystem.

You can transfer it between wallets and also use it in DeFi, e.g. Gearbox and Balancer LP positions.

You can withdraw your deposited position in DVstETH to wstETH with one request, which includes withdrawal and claim operation in one transaction. Once you create the withdrawal transaction, the withdrawable amount of wstETH will be in your wallet immediately, no waiting time needed for that operation.

Withdrawals are processed in wstETH because this format allows the vault to reduce the time to claim and complete a withdrawal. By receiving wstETH, you will continue to accrue staking APR while you hold it. Also, wstETH is widely accepted in DeFi, so you can use it across protocols, bridge it to other networks, or convert it into ETH through Lido withdrawals, or secondary markets.

Yes. You can transform your wstETH to ETH using the Request and Claim tabs, trading platforms on Lido Withdrawal tab, or any other aggregator.

There’s no withdrawal fee. However, as with any Ethereum transaction, you’ll need to pay a network gas fee. Additionally, because DVV’s underlying token is wstETH, both the vault and any withdrawn wstETH are subject to Lido’s 10% protocol fee on the net staking APR.

You need to claim SSV and Obol rewards via the Claim button in the Lido DVV UI, which will lead you to SSV and Obol UIs or directly on SSV UI or Obol UI. Mellow rewards based on points accrued will be claimable in the future.