RedStone, the fastest-growing blockchain oracle, becomes the first major oracle to deploy an Actively Validated Service, utilizing EigenLayer’s shared security platform. This milestone solidifies RedStone’s position as the most technologically advanced blockchain oracle provider. RedStone launches a new service that reinforces its modular architecture, enabling its best-in-class blockchain oracles to operate seamlessly using EigenLayer’s robust Actively Validated Service (AVS) framework. Among the feeds secured by EigenLayer will be EtherFi’s weETH on Ethereum and Base.
EigenLayer and the Power of Restaked Security
EigenLayer, though intricate, functions as a dual-sided marketplace for decentralized trust. It extends crypto-economic security to new services through Restaking, leveraging Ethereum—arguably the most decentralized network in the world. On one side are Actively Validated Services (AVS), requiring unique validation processes and forming the demand side. On the other are Restakers, users staking assets via EigenLayer’s smart contracts, supplying security to network applications while earning additional rewards.
Today, RedStone officially becomes part of the EigenLayer coordination engine, marking its position as the first major blockchain oracle to serve as an AVS, driving infinite-sum games powered by open innovation. ♾️
Supporting DeFi with AVS Secured Price Feeds
RedStone is a blockchain oracle that deploys price feeds for thousands of crypto assets across over 100 chains. New price feeds utilizing the economic security of the RedStone AVS will be deployed for certain supported assets. One of the first price feeds using the AVS will EtherFi’s weETH.
weETH is the wrapped version of eETH, the first native Liquid Restaking Token (LRT) on Ethereum. Issued by EtherFi, weETH is one of the most popular LRTs on Ethereum, representing over $6 billion in value.
The new weETH feed, along with the other AVS-secured price feeds, will be deployed by RedStone on Ethereum and Base: both chains where weETH and other LSTs and LRTs are becoming increasingly used by DeFi protocols.
RedStone: Blockchain Oracle Launching an AVS
RedStone is the first major blockchain oracle to embrace restaking technology as a catalyst for advancing its vision. The AVS framework aligns seamlessly with RedStone’s modular architecture, allowing underlying modules to be swapped in and out effortlessly without impacting overall system performance. Leveraging this design, RedStone created an AVS version of its flagship product, replacing its classic service modules with components specifically built on EigenLayer’s shared security framework, thereby diversifying the system’s security sources.
At its core, this enables RedStone to utilize heterogeneous security collateral, extending beyond the protocol’s native security to include a wide range of assets like restaked Ether or the EIGEN token. Additionally, it further lowers the already highly optimized infrastructure costs by offloading initial validation to the AVS level, reducing associated on-chain fees—all while maintaining the highest degree of security throughout the entire flow.
Staking Rewards
Participants who stake their assets by delegating them to RedStone AVS Operators will be rewarded with substantial rewards, with incentive design favoring early stakers in the system.
Details are to be announced shortly.
RedStone AVS: The Restaking Blockchain Oracle Flow
RedStone AVS is an innovative solution that harnesses restaking to enable a decentralized and secure process for delivering price data through both Pull and Push oracle models. The system leverages the Othentic AVS framework, streamlining complexities like consensus, networking, and attestations to ensure secure price feeds and faster product delivery.
With RedStone’s fully modular infrastructure, the classic data distribution and aggregation modules can be implemented as an Actively Validated Service (AVS) using EigenLayer’s shared framework, enhancing the decentralization of both data distribution and aggregation.
About RedStone
RedStone is a modular oracle delivering reliable price feeds for emerging DeFi assets, including LSTs, LRTs, and Bitcoin Liquid Staking tokens. Our gas-efficient data feeds span 50+ chains and rollups, securing over $6 billion in TVL. Trusted by over 100 projects, including Morpho, Venus, and Pendle, RedStone’s Push & Pull oracle models serve both established protocols and innovative DeFi projects pushing the boundaries of financial innovation.
