RedStone Oracles Partners with Ether.fi to Secure $500 Million in Economic Security

RedStone Oracles announced on Friday that it has partnered with ether.fi to help secure RedStone’s data oracles for $500 million. “A subset of ether.fi’s 20,000+ node operators will manage RedStone’s Active Validation Service (AVS) and use ether.fi’s native re-collateralized token, eETH,” the two companies said in a joint statement. “This re-collateralized Ethereum will serve as a safeguard against active failures and cryptoeconomic attacks in the RedStone node provider network.” (CoinDesk)