RedStone, the fastest growing DeFi oracle, today officially announced that its AVS (Active Verification Service) is now live on the mainnet, further improving the security and reliability of blockchain price data by connecting to EigenLayer’s $14 billion in staked assets. This milestone establishes RedStone as the most technologically advanced oracle in the market.

RedStone AVS provides an additional layer of security by allowing participants to re-stake their tokens, allowing operators to verify and aggregate data before it is uploaded to the chain. This mechanism effectively reduces the risk of erroneous data being accepted, which is critical for decentralized financial (DeFi) protocols that rely heavily on accurate data.

RedStone's unique modular architecture enables it to seamlessly integrate EigenLayer's AVS framework. Combined with the recently launched staked BTC oracle, RedStone further solidifies its position as the industry's leading oracle. With the AVS mechanism, RedStone can leverage re-staked ETH or EIGEN tokens to protect its price feeds while reducing infrastructure costs and on-chain fees.

weETH price feed is the first to benefit, further expanding the influence of the DeFi ecosystem

One of the first price feeds to benefit from the additional security of AVS will be ether.fi’s weETH, a wrapped version of eETH and one of the most popular Liquidity Restaking Tokens (LRTs) on Ethereum, with over $6 billion in assets under management. This new weETH price feed, along with other AVS-protected feeds, will be deployed to Base, a chain that has become home to top DeFi protocols such as Aave, Morpho, Moonwell, and is gaining traction in supporting weETH and other LSTs (liquidity staking tokens) and LRTs.

Industry leaders' perspectives

"We are excited to leverage EigenLayer's AVS framework to further enhance RedStone's security architecture," said Marcin Kazimierczak, Co-founder and COO of RedStone. "With EigenLayer's proven AVS mechanism, we are improving the availability and reliability of price feeds, which is critical to the robust operation of DeFi protocols. This is not only a major leap forward for RedStone, but also an important step for the future development of decentralized finance as a whole."

Mike Silagadze, founder of ether.fi, added: “RedStone has taken a leading position in the LST and LRT oracle market and has always put security first. We are excited about the future development of RedStone’s weETH price feed - it will provide users with a higher level of security and further enhance the credibility of the protocol in the DeFi ecosystem.”

Sreeram Kannan, Founder of EigenLayer, commented: “RedStone has firmly established itself as one of the leading oracles in the DeFi ecosystem. We are very pleased that they chose to build on the EigenLayer AVS framework to provide cryptoeconomic security to their system.”

RedStone: Leading technology, modular architecture, seamless adaptation to over 100 public chains

RedStone's unique modular architecture enables it to deploy price feeds for thousands of crypto assets and has been adapted to more than 100 public chains, demonstrating strong scalability and flexibility. This integration with the AVS framework will further enhance RedStone's ability to provide secure and reliable data in the growing DeFi ecosystem.