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According to Foresight News, RedStone, an oracle protocol, has announced a $500 million partnership agreement with Ether.Fi, a liquidity re-pledging service provider. 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-pledging token eETH. This is to prevent active failures and cryptographic economic attacks within the network of RedStone node providers.
According to Foresight News, RedStone, an oracle protocol, has announced a $500 million partnership agreement with Ether.Fi, a liquidity re-pledging service provider. 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-pledging token eETH. This is to prevent active failures and cryptographic economic attacks within the network of RedStone node providers.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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