Hexagate, a top Web3 security company, has introduced Gate Security Oracle, utilizing the eOracle stack on EigenLayer to enhance security and decentralization in the staking and DeFi sectors. The innovative product is set to raise the bar for security in the ETH staking scene, utilizing re-staked ETH to ensure the security of oracle networks. With over $5B worth of staked ETH backing eOracle, along with 120,000 stakers and 110 validators globally, it is considered the most resilient crypto oracle solution in terms of security.
eOracle founder Matan Si expressed that the development of Gate Security Oracle aligns with Ethereum’s architectural framework, utilizing staked ETH and validators to boost security. The goal is to create modular and programmable systems to enhance data and computational capabilities. The partnership with Hexagate aims to revolutionize the decentralization of security in the DeFi space, introducing the Oracle Validated Service (OVS) model for modularity at the middleware level.
Yaniv Nissenboim, co-founder of Hexagate, believes that the OVS model will drive innovation in decentralized security and infrastructure, enabling fast connectivity and computational bandwidth. The collaboration between eOracle and Hexagate highlights the potential for decentralized security solutions in the DeFi sector.
In related news, SSV Network recently reached a milestone of $1 billion in staked ETH and unveiled an updated roadmap for future developments. With a background in IT analytics and experience in blockchain analysis and startups, Vladislav Sopov is a knowledgeable contributor to the field. With 6+ years in IT analytics and 3+ years in blockchain, Sopov brings a scientific perspective to his analysis and writing. His work with independent analysis and start-ups showcases his expertise in the industry.
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