According to Foresight News, oracle protocol RedStone announced a $500 million partnership agreement with liquidity re-collateralization service provider Ether.Fi. Ether.Fi will invest $500 million to help protect RedStone's data oracle, which is used to transmit information between the blockchain and the outside world. More than 20,000 node operators from Ether.fi will manage RedStone's Active Verification Service (AVS) and use Ether.fi's native liquidity re-collateralization token eETH to prevent active failures and crypto-economic attacks within the RedStone node provider network.
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RedStone and Ether.Fi reach $500 million partnership to protect data oracles
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