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Hyve Partners with Lido to Launch X Committee, Offering Scalable DA

Author: Content Editor
Hyve, a high-throughput middleware data availability protocol, has partnered with Lido, a liquid staking protocol for Ethereum, to create the X Committee, a permissionless, Ethereum-aligned DAC. HyveDA will expand Ethereum's security by listing Lido's wstETH as the first collateral on the X Committee, securing its 1GB/s data availability solution. The partnership aims to enhance throughput while preserving a permissionless nature. HyveDA utilizes the Symbiotic restaking protocol architecture and is designed for data-intensive applications. The collaboration with Lido allows HyveDA to improve user experience and explore new use cases. The partnership and HyveDA's impending 1GB/s solution may provide scalability for integrators and incentives for stakers. HyveDA operates on a permissionless DAC, enabling nodes to participate without consensus, simplifying scaling and reducing costs. The collaboration showcases Hyve's commitment to addressing data availability scalability concerns and catering to applications with high data demands.

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