DeFi oracle provider RedStone has launched its AVS testnet on the EigenLayer restaking protocol. This integration marks the first instance of an oracle using EigenLayer's restaking technology to enhance security. The restaking model will allow RedStone to protect its systems by adjusting collateral based on market conditions, providing an extra defense against potential attacks. RedStone will utilize various types of collateral, such as ETH, LSTs, stablecoins, and BTC, to ensure the security and reliability of its data feeds. EigenLayer's COO expressed excitement about RedStone's use of the restaking capabilities and its impact on the DeFi ecosystem. EigenLayer recently launched its native cryptocurrency, EIGEN, which gained attention upon its debut. EigenLayer is a significant player in the restaking ecosystem, with a high TVL. However, the platform's official account was hacked recently, leading to fraudulent activity, and users were advised to exercise caution and verify interactions through the official website.



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