Hexagate simply launched The Gate Safety Oracle, which is developed on the eOracle stack, the highest AVS on EigenLayer.
This growth marks the introduction of the first-ever decentralized machine studying (ML)-based safety protocol.
On this planet of DeFi, belief and safety stay essential. Many initiatives have needed to sacrifice decentralization to make sure performance and safety by extensively relying on exterior knowledge. This usually leads to weakened safety and challenges in constructing consumer belief and popularity.
The Actively Validated Providers (AVS) from EigenLayer will remedy this challenge. By using the safety of billions of {dollars} in staked Ethereum (ETH) via the re-staking protocol, AVSs allow initiatives to beat the trade-offs between centralization and safety.
Among the many outstanding AVS protocols, eOracle makes use of re-staked ETH to keep up the safety of its modular Oracle networks, supported by its substantial safety price range.
eOracle presently boasts over $5 billion in staked ETH, supported by greater than 120,000 stakers and over 110 validators worldwide, making it one of the vital resilient crypto oracle options obtainable.
The Gate Protocol Safety Oracle, developed by Hexagate on the eOracle stack, makes use of the Oracle Validated Service (OVS) mannequin. This collaboration allows builders to combine Hexagate’s sturdy ML fashions to safeguard their on-chain protocols in opposition to hacks and different threats, successfully making a ‘DeFi Firewall’ that mitigates dangers earlier than any harm happens.
Modularity
OVSs introduce a brand new degree of modularity for blockchains, providing quick connectivity and computational bandwidth important for infrastructure functions.
“Once we started growing eOracle, our purpose was to align carefully with Justin Drake and Vitalik Buterin’s enshrined Oracle EIP proposals,” mentioned Matan Si, founding father of eOracle. “Nonetheless, we quickly acknowledged that whereas Ethereum offers a wonderful structure, it’s impractical for a lot of use circumstances.”
Si went on to clarify that eOracle was created to assist heavy computation and quick connectivity, using Ethereum validators and staked ETH for shared safety and paving the best way for future modular innovation extending past blockchains to middleware.