Hexagate has unveiled The Gate Security Oracle, a groundbreaking development constructed on the eOracle stack, the leading Actively Validated Services (AVS) on EigenLayer. This innovation represents the first-ever decentralized machine learning-based security protocol.
In the decentralized finance (DeFi) ecosystem, trust and security are of paramount importance. Many projects have had to compromise on decentralization to ensure both functionality and security, relying heavily on external data. This often results in compromised security and difficulties in building user trust and reputation.
EigenLayer’s Actively Validated Services (AVS) offer a solution to this dilemma. By leveraging the security of billions of dollars in staked Ethereum (ETH) through a re-staking protocol, AVSs allow projects to navigate the balance between centralization and security without compromising either. Among the notable AVS protocols, eOracle stands out by using re-staked ETH to secure its modular oracle networks, benefiting from its substantial security budget.
Presently, eOracle secures over $5 billion in staked ETH, backed by more than 120,000 stakers and over 110 validators worldwide. This makes it one of the most robust crypto oracle solutions on the market.
The Gate Protocol Security Oracle, designed by Hexagate and operating on the eOracle stack, employs the Oracle Validated Service (OVS) model. This collaboration provides builders with the capability to integrate Hexagate’s powerful machine learning models to safeguard their on-chain protocols against hacks and other threats. Effectively, it acts as a ‘DeFi Firewall’ that preemptively mitigates risks before any potential damage occurs.
OVSs present an unprecedented level of modularity for blockchains, offering rapid connectivity and computational bandwidth vital for infrastructure applications. Matan Si, the founder of eOracle, remarked on the development’s intent: “When we began developing eOracle, our goal was to align closely with Justin Drake and Vitalik Buterin’s enshrined Oracle EIP proposals. However, we soon recognized that while Ethereum provides an excellent architecture, it is impractical for many use cases.”
Si further elaborated that eOracle was designed to support heavy computation and fast connectivity, utilizing Ethereum validators and staked ETH for shared security. This paves the way for future modular innovations that extend beyond blockchains to middleware solutions. This marks a significant stride in the evolution of DeFi security protocols, highlighting the importance of combining decentralization with advanced technology for robust and secure blockchain applications.
This post was originally published on 3rd party site mentioned in the title of this site
