The fastest-growing DeFi oracle, RedStone, officially announced today that its AVS (Active Verification Service) has launched on the mainnet. By integrating with EigenLayer's $14 billion staked assets, it further enhances the security and reliability of blockchain price data. This milestone establishes RedStone's position as the most technologically advanced oracle in the market.
RedStone AVS allows participants to re-stake their tokens, enabling operators to verify and aggregate data before it is on-chain, thus providing an additional layer of security. This mechanism effectively reduces the risk of erroneous data being accepted, which is crucial for decentralized finance (DeFi) protocols that heavily rely on accurate data.
RedStone's unique modular architecture allows it to seamlessly integrate with EigenLayer's AVS framework. Combined with the recently launched staked BTC oracle, RedStone further solidifies its position as an industry-leading oracle. With the AVS mechanism, RedStone can utilize re-staked ETH or EIGEN tokens to secure its price feeds while reducing infrastructure costs and on-chain fees.
weETH Price Feed First to Benefit, Further Expanding DeFi Ecosystem Influence
One of the first price feeds to benefit from the additional security of AVS will be ether.fi's weETH—a wrapped version of eETH and one of the most popular liquidity re-staking tokens (LRT) on Ethereum, managing over $6 billion in assets. This new weETH price feed, along with other AVS-protected feeds, will be deployed to Base, which has become the main hub for top DeFi protocols like Aave, Morpho, and Moonwell, and is increasingly gaining attention for supporting weETH and other LSTs (liquid staking tokens) and LRTs.
Industry Leaders' Perspectives
Marcin Kazimierczak, co-founder and COO of RedStone, stated: "We are excited to leverage EigenLayer's AVS framework to further enhance RedStone's security architecture. With EigenLayer's mature AVS mechanism, we are improving the availability and reliability of price feeds, which is crucial for the robust operation of DeFi protocols. This is not only a significant leap for RedStone but also an important step for the future development of decentralized finance as a whole."
Mike Silagadze, founder of ether.fi, added: "RedStone is already a leader in the LST and LRT oracle market, consistently prioritizing security. We are looking forward to the future development of RedStone's weETH price feed—it will provide users with a higher level of security and further enhance the credibility of protocols within the DeFi ecosystem."
Sreeram Kannan, founder of EigenLayer, commented: "RedStone has firmly established itself as one of the leading oracles in the DeFi ecosystem. We are very pleased that they chose to build on the EigenLayer AVS framework to provide cryptoeconomic security for their system."
RedStone: Technologically Advanced, Modular Architecture, Seamless Adaptation to Over 100 Public Chains
RedStone's unique modular architecture enables it to deploy price feeds for thousands of crypto assets and has adapted to over 100 public chains, demonstrating strong scalability and flexibility. This integration with the AVS framework will further enhance RedStone's ability to provide secure and reliable data in the ever-growing DeFi ecosystem.
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