DeFi oracle provider RedStone has launched its AVS testnet on the popular Ethereum restaking protocol, EigenLayer.
This is the first instance of an oracle utilizing EigenLayer’s restaking technology to improve security.
RedStone – EigenLayer
According to the official press release shared with CryptoPotato, this integration represents a significant step for RedStone and the wider DeFi ecosystem, as EigenLayer’s restaking model will enable the oracle provider to protect its systems by adjusting the amount of collateral based on market conditions.
This is expected to add an extra defense against potential attacks.
RedStone will be able to ensure that its data feeds remain both secure and reliable by leveraging different types of collateral, such as ETH, liquid staking tokens (LSTs), stablecoins, and even BTC.
Commenting on the launch of AVS testnet on EigenLayer, Alan Curtis, COO of Eigen Labs the developer of the restaking protocol, said
“Oracles are essential to the DeFi world,
We współpracy z: https://cryptopotato.com/defi-oracle-redstone-launches-avs-testnet-on-eigenlayer/
