RedStone Oracles, which provides data feeds for blockchains, is among a growing field of "actively validated services" (AVSs) waiting to tap into EigenLayer, the buzzy new "restaking" protocol that lets upstart networks borrow Ethereum's security. On Friday, RedStone announced that it had sealed a $500 million deal with Ether.Fi, the largest liquid restaking service on EigenLayer, to help power its oracle protocol. EigenLayer deployed a limited version of its service to Ethereum's mainnet earlier this week. Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone's data oracles, which are used to pass information between blockchains and the outside world.
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