November 7, 2024
HyveDA Partners with Mellow Protocol and Integrates Restaking Vaults
In data availability, throughput is king. However, as we've seen time and again, speed without security doesn't lead to positive outcomes. At HyveDA, we've always believed that the key to unlocking the true potential of on-chain technology lies in finding the perfect balance between performance and protection. Today, we're excited to share how our partnership with Mellow, built on the bedrock of Symbiotic's shared security protocol, is making that vision a reality.
Mellow: Amplifying HyveDA
Mellow's approach to liquid restaking leverages Symbiotic's framework and enables a diverse range of assets to secure networks like HyveDA. This modular design complements our high-performance architecture, which has the first ever 1 GB/s throughput and instant data availability proofs. By integrating Mellow's capabilities, we're unlocking new possibilities for flexibility and risk management, further enhancing the value proposition of HyveDA.
Mellow's liquid restaking protocol allows users to stake their assets and receive liquid restaking tokens (LRTs) in return. These LRTs represent the user's staked position and can be used in various DeFi strategies, providing additional liquidity and generating rewards.
By integrating with Mellow, HyveDA can tap into the assets staked through these LRT vaults, welcoming these assets as collateral to secure the network. This means, the same staked assets can serve multiple purposes simultaneously – they can be used to secure HyveDA while also being employed in DeFi strategies through the LRTs.
This multi-purpose use of staked assets enables more efficient utilization. Instead of assets being locked up and solely dedicated to securing the network, they can now be used more flexibly and productively, generating additional value for stakers AND the ecosystem.
Which brings us to the next point: Our partnership with Mellow and Symbiotic is also about expanding the restaking ecosystem as a whole. By collaborating with top curators to bring new asset classes into the fold, we're increasing accessibility and opening the door for more participants to engage with and benefit from secure data availability. With Mellow’s already significant TVL on Symbiotic as a foundation, the potential for growth is immense.
Building the Future Together
The synergy between HyveDA's speed, Symbiotic's security, and Mellow's flexible restaking primitives creates a powerful foundation for the next generation of decentralized applications.
We invite developers, stakers, and enterprises to join us on this journey. With HyveDA, Symbiotic, and Mellow, you'll have access to the infrastructure and tools you need to build and scale with confidence, knowing that your applications are backed by the most advanced data availability and restaking technologies in the industry.
Together, we're creating a more secure, accessible, and innovative ecosystem for all. Join us as we unlock the full potential of restaking and shape the future of Web3.
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/.
About Mellow
Mellow is an innovative liquid restaking primitive allowing permissionless creation of modular LRTs. Mellow offers a series of vault smart contracts tailored to different risk profiles, managed by LRT curators. In this section you can find overview of Mellow LRT architecture, details about smart contracts, audit links, user tutorials and more. For more information about Mellow, visit https://mellow.finance/.