Ether.Fi Signs $500 Million Renewal Deal with RedStone Oracles

The liquidity re-staking service funnels user deposits into EigenLayer and provides additional rewards along with tradable “liquidity re-staking tokens” representing the user’s underlying investment. Ether.fi holds $3.8 billion in EigenLayer. This is an asset that will ultimately help strengthen our joint security system. In return for deposits, Ether.fi grants users Ether.Fi ETH (eETH), a derivative token that can earn interest and be traded in decentralized finance (DeFi).