RedStone, the fastest-growing DeFi oracle, announced the mainnet launch of a new Actively Validated Service (AVS) to boost the security and reliability of its blockchain price feeds by tapping into EigenLayer’s $14 billion in staked assets. This milestone cements RedStone as the most technologically advanced oracle provider in the market today.
RedStone AVS provides an extra layer of security by allowing participants to restake their tokens that are used by operators to perform data verification and aggregation before a package is delivered on-chain. This mitigates the risk of bad data being accepted, which is critical for decentralized finance (DeFi) protocols that depend on accurate information.
Their unique modular architecture allows for this seamless integration with Eigen Layer’s AVS framework. Combined with other recent innovations like their staked BTC oracle, this cements RedStone’s place as the leader in oracle technology. With this new service, RedStone can utilize a wide variety of assets, like restaked Ether or the EIGEN token, to secure its price feeds, while reducing infrastructure costs and on-chain fees.
One of the first feeds to benefit from this added security will be ether.fi‘s weETH, a wrapped version of eETH and one of the most popular Liquid Restaking Tokens (LRTs) on Ethereum, representing over $6 billion in value. The new weETH feed, along with other AVS-secured price feeds, will be deployed on Base. This chain is the home to popular protocols such as Aave, Morpho, and Moonwell, and is gaining traction for using weETH and other LSTs (Liquid Staking Tokens) and LRTs (Liquid Restaking Tokens) in the DeFi ecosystem.
“We’re thrilled to leverage the EigenLayer AVS framework to diversify and solidify RedStone’s security architecture,” shared Marcin Kazimierczak, co-founder and COO of RedStone. By leveraging EigenLayer’s highly established AVS framework, we’re elevating the availability and reliability of the price feeds we provide even further, which are crucial for DeFi protocols to function with confidence. It’s a significant leap for RedStone, and for the future of decentralized finance as a whole.”
“RedStone already leads the market for LST and LRT feeds, and their focus on security has always been best-in-class,” added Mike Silagadze, Founder of ether.fi. “We’re excited about what this means for RedStone’s weETH price feed—it will now offer an even higher level of security for users, enhancing the trustworthiness of the DeFi protocols it supports.”
“RedStone has firmly established itself as one of the leading oracle providers in the DeFi ecosystem. We are thrilled they chose to build on the Eigenlayer AVS framework to provide cryptoeconomic security to their system, said Sreeram Kannan, Founder of EigenLayer.
RedStone’s unique modular architecture allows it to deploy price feeds for thousands of crypto assets across more than 100 chains, making it highly adaptable and scalable. The integration of the AVS framework further enhances RedStone’s ability to provide secure, reliable data for the growing DeFi space.
About RedStone
RedStone is a leading blockchain oracle provider delivering fast, gas-efficient cross-chain data feeds to power DeFi protocols on Ethereum, Avalanche, and Polygon. Backed by $15M in funding led by Arrington Capital, RedStone prioritizes scalability, security, and interoperability. Using Arweave for permanent data storage, RedStone ensures reliable and secure smart contract functionality, making it an essential partner for DeFi projects. For more information, please visit https://redstone.finance/.