Ethereum

Secure

Omni

Liquid restaking protocol <a rel="noopener noreferrer nofollow" target="_blank" href="http://ether.fi/">Ether.Fi</a> said it will commit $600 million worth of ether <a rel="noopener noreferrer nofollow" target="_blank" href="http://coindesk.com/price/ethereum/">(ETH)</a> in a delegation deal to secure the Omni Network.
Omni Network is a blockchain designed to allow all <a rel="noopener noreferrer nofollow" target="_blank" href="https://www.coindesk.com/learn/what-are-rollups-zk-rollups-and-optimistic-rollups-explained/">Ethereum rollups</a>, or scaling products, to communicate with each other with low latency and security. Both Omni and <a rel="noopener noreferrer nofollow" target="_blank" href="http://ether.fi/">Ether.Fi</a> have committed to the pooled security model of EigenLayer, and the ether will be restaked on EigenLayer.
Omni will then whitelist <a rel="noopener noreferrer nofollow" target="_blank" href="http://ether.fi/">Ether.Fi</a>'s liquid token eETH and will select <a rel="noopener noreferrer nofollow" target="_blank" href="http://ether.fi/">Ether.Fi</a>'s node operators to run its Actively Validated Service (AVS). The staked ether will act as security that will protect against security breaches and asset depegs.
The deal, which will see Ether.fi delegate a third of the $1.8 billion it has accumulated in total value locked, comes days after it completed a <a rel="noopener noreferrer nofollow" target="_blank" href="https://www.coindesk.com/business/2024/02/28/liquid-restaking-protocol-etherfi-raises-23m-series-a/">$23 million Series A fundraising round</a>.
<a rel="noopener noreferrer nofollow" target="_blank" href="http://ether.fi/">Ether.fi</a> is introducing a campaign on Monday called the "final countdown," which may be linked to a governance token airdrop that will reward people who have been earning points through restaking.
“We are excited to see Omni gearing up to launch as an AVS on EigenLayer to provide super fast interoperability with the high cryptoeconomic integrity that the Ethereum ecosystem cares deeply about” said Sreeram Kannan, the founder of EigenLayer.

Liquid Restaking Protocol Ether.Fi to Commit $600M $ETH to Secure Omni Network

TokenInsight

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