RedStone is the first large oracle to launch on the Ethereum restaking protocol.
RedStone has launched a data-validation service on EigenLayer, becoming the first large oracle provider to integrate the Ethereum restaking protocol, RedStone told Cointelegraph on Oct. 23.
The service is still in testnet, but RedStone aims to create a “scalable framework that dynamically adjusts cryptoeconomic security as DeFi [decentralized finance] grows,” RedStone said in a statement.
Redstone’s oracles run on upward of 50 blockchain networks and secure nearly $3.5 billion worth of cryptocurrency, according to its website.
