**DeFi Oracle RedStone Launches AVS Testnet on EigenLayer**

RedStone, a prominent DeFi oracle provider, has launched its AVS testnet on the Ethereum restaking protocol, EigenLayer. This marks the first instance of an oracle leveraging EigenLayer’s restaking technology to enhance security.

The integration signifies a major advancement for RedStone and the broader DeFi ecosystem. EigenLayer’s restaking model allows RedStone to adjust collateral based on market conditions, providing an additional layer of defense against potential attacks.

By utilizing various types of collateral, including ETH, liquid staking tokens, stablecoins, and BTC, RedStone aims to maintain secure and reliable data feeds. Alan Curtis, COO of Eigen Labs, emphasized the importance of oracles in DeFi and praised RedStone’s adoption of their restaking capabilities.

EigenLayer continues to be a leading player in the restaking ecosystem, with a total value locked of £8.58 billion. Despite a recent security breach on its official X account, the platform remains robust and continues to attract significant attention in the DeFi space.