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Ether.Fi Inks $500M Restaking Deal With RedStone Oracles

Altszn.com by Altszn.com
April 12, 2024
in Ethereum
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Ether.Fi Inks $500M Restaking Deal With RedStone Oracles
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Liquid restaking services funnel user deposits into EigenLayer and offer extra rewards on top, along with tradeable “liquid restaking tokens” that represent a user’s underlying investment. Ether.fi has $3.8 billion locked up with EigenLayer – assets that will eventually help power the pooled security system. In return for deposits, Ether.fi grants users a derivative token, Ether.Fi ETH (eETH), which earns interest and can be traded in decentralized finance (DeFi).



Read More: www.coindesk.com

Tags: 500MDealETHEther.FiEthereumInksoraclesRedStonerestaking
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