Key Takeaway:
– Introduction of decentralized machine learning-based security protocol by Hexagate.
– Importance of trust and security in the world of DeFi.
– Actively Validated Services (AVS) from EigenLayer solving security issues in DeFi projects.
– eOracle utilizing re-staked ETH for security and boasting significant staked ETH amount.
– Gate Protocol Security Oracle collaboration with eOracle stack for creating a DeFi Firewall.
Introduction of The Gate Security Oracle
Hexagate recently introduced The Gate Security Oracle, developed on the eOracle stack, utilizing top AVS on EigenLayer. This marks the inception of the first-ever decentralized machine learning-based security protocol in the cryptocurrency world.
Trust and Security in DeFi
Trust and security are crucial in the realm of DeFi, with many projects sacrificing decentralization for enhanced functionality and security by relying heavily on external data. This compromise often leads to weakened security and challenges in building user trust and reputation.
Solution with Actively Validated Services (AVS)
The AVS from EigenLayer addresses the security issue by leveraging billions of dollars in staked Ethereum through the re-staking protocol, enabling projects to overcome the centralization-security trade-offs. Among these protocols, eOracle stands out with over $5 billion in staked ETH, supported by a vast network of stakers and validators worldwide.
