RedStone Oracles, which provides data feeds for blockchains, is among a growing field of"actively validated services" waiting to tap into EigenLayer, the buzzy new"restaking" protocol that lets upstart networks borrow Ethereum's security.
Liquid restaking services funnel user deposits into EigenLayer and offer extra rewards on top, along with tradeable"liquid restaking tokens" that represent a user's underlying investment.has $3.8 billion locked up with EigenLayer – assets that will eventually help power the pooled security system. In return for deposits,committing $600 million worth of its stake to Omni, an AVS network designed to help layer 2 rollups communicate with each other.
EigenLayer's has racked up over $15 billion in deposits in total, but the version live on Ethereum's mainnet is still. The only AVS that has been allowed to deploy onto the network so far has been EigenDA, a data availability service from Eigen Labs, the team behind EigenLayer. AVS networks like Redstone Oracles are allowed to"register" with EigenLayer but will not be allowed to deploy onto the service until some time later this year, according to estimates from Eigen Labs.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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EigenLayer Restaking Protocol Goes Live on Ethereum MainnetEigenLayer, a restaking protocol with over $13 billion in assets, has launched on the Ethereum mainnet. However, some crucial features, such as in-protocol payments and slashing mechanisms, are still to be released later this year.
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