What is RedStone Crypto AVS? A Game-Changer in Blockchain Oracles
RedStone, a leading blockchain oracle, has become the first major oracle provider to integrate Actively Validated Services (AVS) through EigenLayer’s shared security platform. This innovation enhances security, efficiency, and decentralization in price feed distribution. By leveraging EigenLayer’s restaking mechanism, RedStone secures assets like EtherFi’s weETH, optimizing price feeds across multiple chains. The modular AVS framework ensures lower costs, improved decentralization, and enhanced oracle security. Additionally, participants staking with RedStone AVS will earn rewards, with priority given to early adopters. RedStone’s AVS is poised to redefine blockchain oracle security, making it a critical innovation in the DeFi ecosystem.
2025-03-03Read