November 6, 2024

Hyve Welcomes Kiln as Strategic Node Operator

As HyveDA gets ready for testnet deployment, we’re pleased to announce that Kiln will join HyveDA’s testnet as a strategic node operator. 

Kiln is a leading enterprise-grade rewards management platform, enabling institutional customers to earn rewards on their digital assets.

Masters of security, compliance and performance, Kiln will be a strong addition to the operator network. With a multi-cloud battle-tested infrastructure and over 40 chains integrated, they have the experience and resources required to ensure they add great value, chewing through data for Hyve. Operators of this caliber are what allow Hyve to provide industry leading 1GB/s throughput.

Kiln represents a TVL of over $8.6 billion, and it manages a 4.55% share of Ethereum. It is a huge player in the node operators space and consummate experts in their craft. Its team hails from companies like Cirlce, Chainanalysis, consensys, Google, Ledger and Coinbase, bringing experience, credentials and professionalism to the table.

Like Hyve, Kiln’s aim is to unravel the complexities of blockchain to the benefit of businesses and protocols that see the potential, but view the technology as a hurdle. Innovation is the key to success and together with Kiln as an Operator, Hyve aims to remove roadblocks and clear the way for innovation in the blockchain space.

As our operator network grows, so does HyveDA’s throughput, and its ability to provide low latency, secure data availability to the blockchain community at large. Together with our operators, we are changing the face of data on the blockchain.

About Kiln

Kiln is the leading digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln's platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $8.6 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as they run about 4.5% of the network; this includes 50,000+ active validators with 0 slashing events. For more information about Kiln, visit https://www.kiln.fi/.

About Hyve

HyveDA is a 1 GB/s middleware data availability solution secured by Symbiotic. By leveraging a novel Permissionless DAC design, HyveDA achieves industry-leading gigabyte throughput while maintaining Ethereum's underlying security. For more information about Hyve, visit https://hyveda.xyz/.