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

Liquid restaking companies funnel consumer deposits into EigenLayer and provide additional rewards on high, together with tradeable “liquid restaking tokens” that characterize a consumer’s underlying funding. Ether.fi has $3.8 billion locked up with EigenLayer – belongings that can ultimately assist energy the pooled safety system. In return for deposits, Ether.fi grants customers a by-product token, Ether.Fi ETH (eETH), which earns curiosity and might be traded in decentralized finance (DeFi).