Ether.Fi Inks $500M Restaking Deal With RedStone Oracles
Summary
RedStone Oracles, a data feed provider for blockchains, has secured a $500 million deal with Ether.Fi to power its oracle protocol on EigenLayer. Ether.Fi will dedicate $500 million to secure RedStone's data oracles, using its liquid restaking token eETH. EigenLayer has over $12 billion in user deposits, with Ether.Fi having $3.8 billion locked up. EigenLayer's pooled security system will utilize restaked deposits from AVS networks like Redstone. EigenLayer is still lacking core features, and AVS networks can register but will deploy later this year.
