Hassan Maishera
Hyve, a high-throughput middleware data availability protocol secured by Symbiotic, announced on Thursday, November 21st, that it has partnered with Ethereum’s leading liquid staking protocol Lido to form X Committee, HyveDA’s upcoming Ethereum-aligned, permissionless Data Availability Committee (DAC).
In a press release shared with Cryptowisser, Hyve revealed that Lido’s wstETH will be listed as the first collateral on the X Committee, allowing HyveDA to extend Ethereum’s security via the staked ETH underlying validators.
Thanks to this latest development, wstETH can now secure HyveDA’s 1GB/s data availability solution. This collaboration emphasizes HyveDA’s efforts to secure its upcoming Data Availability solution with the most liquid, secure, and widely accessible assets.
The X Committee is an important step in helping HyveDA achieve 1GB/s throughput while maintaining its permissionless and censorship-resistant nature. It will allow Ethereum liquid restaking tokens (LRTs) to secure HyveDA.
While commenting on this partnership, Douwe Fassen, Founder and CEO of Hyve DA, said,
“Collaborating with Lido to enable wstETH as the first restaking collateral in HyveDA will help us extend Ethereum’s underlying security while drastically enhancing throughput and conserving a permissionless nature. The new era of data availability solutions is here.”
HyveDA uses the innovative architecture of restaking protocol Symbiotic, which offers operators an extensive range of flexible vaulting and collateral options. By combining HyveDA's high-performance data availability solution with Symbiotic's modular staking, shared security, and incentive alignment, HyveDA provides the raw performance and scalability needed to handle even the most data-intensive applications.
Jakov Buratović, Master of DeFi at Lido, added that,
“wstETH has already proved that it is the best collateral on lending markets. Expanding the use case towards securing other pieces of infrastructure like HyveDA was the most logical next step!”
Decentralized protocols can leverage HyveDA to enhance performance, user experience, and explore previously unavailable use-cases. HyveDA’s high-throughput data availability layer is specifically tailored for data-intensive applications such as Layer 2s, DePIN, Artificial Intelligence, orderbook DEXs, and blockchain games.
HyveDA’s core principle is permissionless participation through Permissionless Data Availability Committees (DACs). Unlike traditional DACs, which often rely on permissioned networks and centralized batch proposers, HyveDA employs a permissionless DAC to ensure that anyone can help maintain data availability.
Hyve is a cutting-edge data availability solution focused on high-throughput, low-latency, and cost-effective DA. HyveDA is proof in practice that Hyve is committed to, and capable of, solving scalability issues related to DA, paving the way for the next generation of blockchain ecosystems and applications. HyveDA is specifically designed to meet the needs of applications where data demands are exceptionally high, such as DePIN, AI apps and rollups, parallel execution environments, and L2s.
