PANews reported on April 12 that according to CoinDesk, the oracle protocol RedStone announced a $500 million cooperation agreement with the non-custodial liquid staking protocol Ether.Fi. According to the agreement with RedStone, Ether.Fi will invest $500 million to help protect RedStone's data oracle, which is used to transmit information between the blockchain and the outside world. The two companies said in a joint statement: "More than 20,000 node operators from Ether.fi will manage RedStone's Active Verification Service (AVS) and use Ether.fi's native liquidity re-staking token eETH to prevent active failures and crypto-economic attacks within the RedStone node provider network.
