November 20, 2024
Symbiosis within Symbiotic
As HyveDA gets ready for testnet deployment, we’re extremely excited to share more about our strategic partnership with Symbiotic to grow Hyve’s adoption while simultaneously accelerating the expansion of Symbiotic’s ecosystem.
Symbiosis within Symbiotic
Hyve’s partnership with Symbiotic extends beyond securing HyveDA itself; it plays a pivotal role in expanding Symbiotic’s ecosystem of Shared Security Networks (SSNs).
On the first hand, Symbiotic’s shared security framework and permissionless design are integral to HyveDA’s architecture. By leveraging Symbiotic's unique modularity, multi-asset support, and fully decentralized approach, HyveDA is effectively able to implement highly customizable and scalable security features tailored to offer a high-throughput data availability solution to a wide array of integrators, not solely limited to Ethereum’s Rollups (L2s) and AppChains.
On the other hand, with Symbiotic’s imminent Mainnet launch, HyveDA is set to properly employ and cement restaking ‘’AVS’’ quality standards, as they were initially intended. In other words, Hyve is dedicated to launching its network with all security features enabled from day one. Whether we are speaking of:
Slashing Implementation (assets redelegated, not burned)
Fee Redistribution Activated
Multi-collateral flexibility
Wide array of notable & independent operators
By setting higher security & transparency standards for AVS -> SSN, we are hoping to attract an ever-growing number of quality protocols, hence benefiting the restaking ecosystem as a whole.
Symbiotic’s Role within HyveDA
Since HyveDA is only a DA layer (no consensus, as that is handled by Ethereum L1), it has a much higher throughput (>1GB/s) than incumbent solutions. By eliminating consensus, DA nodes barely communicate with each other and therefore the network of DA Nodes can horizontally scale without much effort. This ultimately leads to higher throughputs. Traditionally, however, this increased throughput does not come at the same level of security guarantees given it relies on centralized/permissioned data availability committees (DACs), but HyveDA takes a different approach by implementing Permissionless DACs.
HyveDA leverages a Permissionless DAC framework in which there is no centralized proposer, and in which any entity can become a part of the DAC by staking through Symbiotic. This open model ensures widespread participation and enhances network security through decentralization.
When looking at a blockchain, it tends to have four (4) main components:
Execution Layer
Settlement Layer
Consensus Layer
Data Availability Layer
Under HyveDA’s framework, it would work as follows:
For execution, the integrator (i.e. Protocol integrating HyveDA for data availability).
For settlement, Ethereum.
For consensus, Ethereum (via staked ETH restaking on Symbiotic).
For data availability, HyveDA.
Coming up
The Testnet deployment of HyveDA is fast approaching. As we keep getting closer, we’ll announce more strategic partnerships and initiatives to help grow Symbiotic’s ecosystem of shared security networks while simultaneously growing the overall stake of economic security allocated to Hyve, and the number of integrators leveraging Hyve’s data availability solution.
Stay Tuned.