SSV Network has introduced significant changes to its funding strategy, aiming to optimize resource allocation and support specific ecosystem components. The revisions include a new application process, which involves a temporary funding halt before resuming under the revised strategy. Additionally, seed round funding will cease, and TVL grants will be discontinued to avoid conflicts with the mainnet incentive plan.

The network will, however, continue to support existing grants, ensuring the completion of approved projects. The focus will shift to open funding, targeting unique and critical ecosystem components. This targeted approach aims to stimulate growth and development in key areas. Bug bounty programs and small grants will also continue under the current guidelines, providing ongoing support for specific initiatives.

The revised funding strategy is designed to streamline the application and allocation process, ensuring a more efficient use of resources. By concentrating on open funding and targeted support, SSV Network aims to create a more sustainable and effective ecosystem. This move is expected to benefit the network and its participants, fostering growth and innovation.

The changes demonstrate SSV Network's commitment to adapting and improving its funding approach, aligning with the evolving needs of the ecosystem. By discontinuing seed round funding and TVL grants, the network can focus on more strategic and impactful initiatives. The continued support for existing grants and bug bounty programs ensures a smooth transition and maintains ongoing support for vital projects.

The revamped funding strategy is a significant step forward for SSV Network, positioning it for future growth and success. By optimizing resource allocation and targeting critical ecosystem components, the network can drive innovation and development, ultimately benefiting the entire ecosystem.