New ML-Based Security Protocol for DeFi Users
eOracle and Hexagate have launched the Gate Security Oracle, a groundbreaking solution designed to protect DeFi users. This initiative employs eOracle's advanced stack, establishing the first machine learning-based security protocol specifically for the decentralized finance (DeFi) sector.
Setting New Security Standards
According to an official statement, the Gate Protocol Security Oracle aims to set new security standards for the ETH staking ecosystem. eOracle, a leading AVS protocol, utilizes restaked ETH to ensure the security of its modular oracle networks. With over $5 billion in staked ETH, supported by 120,000 stakers and more than 110 validators globally, eOracle boasts the most resilient crypto oracle solution based on crypto-economic security.
Leveraging EigenLayer Actively Validated Services (AVSs)
The launch of EigenLayer Actively Validated Services (AVSs) enhances security by leveraging billions of dollars worth of ETH locked in the restaking protocol. This approach addresses the trade-offs between centralization and security by deploying services that tap into the inherent security of staked ETH.
Evolution of Restaking Infrastructure
Matan Si, founder of eOracle, highlights the importance of this service in the evolution of restaking infrastructure. Si explains that eOracle was developed as a modular and programmable layer designed for both data and computation, leveraging Ethereum validators and staked ETH to ensure shared security. This approach aims to overcome the limitations of existing Layer 1 (L1) and Layer 2 (L2) infrastructures by providing a dedicated, immutable layer for heavy computation and fast connectivity.
Oracle Validated Service (OVS) Model
Yaniv Nissenboim, co-founder and CEO of Hexagate, is enthusiastic about the potential of the Oracle Validated Service (OVS) model. This model represents a groundbreaking innovation for modularity in the middleware layer, providing fast connectivity and computation bandwidth for infrastructure uses. Nissenboim believes that this development will spark a new wave of innovation in the DeFi space, further advancing the level of decentralization.
Future of Decentralized Security
The Gate Security Oracle exemplifies the need for decentralized security in the decentralized space. By partnering with eOracle, Hexagate aims to pioneer the OVS model, enabling greater modularity and resilience in blockchain middleware. This innovation is expected to significantly enhance the security and efficiency of DeFi applications.
Conclusion
eOracle and Hexagate's introduction of the Gate Security Oracle marks a significant advancement in DeFi security. By leveraging the combined strengths of machine learning and the inherent security of staked ETH, this initiative sets a new benchmark for protecting decentralized finance ecosystems. The collaboration between eOracle and Hexagate demonstrates the potential for innovative solutions to address the evolving challenges of the DeFi landscape.
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