Posted 3/4/2024, 1:00:00 PM
Ether.Fi Signs $600M Omni Network Deal to Boost Security and Connectivity Using Restaked Funds
- Omni Network signs $600M deal with Ether.Fi to improve security and interconnectivity on the Omni blockchain
- Ether.Fi will delegate a third of its $1.8B in total value locked to secure the Omni network using EigenLayer's pooled security model
- Ether.Fi completed a $23M Series A fundraising recently and may airdrop a governance token on Monday as part of a "final countdown" campaign
- The liquid restaking market has grown rapidly, with EigenLayer's total value locked rising from $250M to $10B since December
- The deal aims to provide fast interoperability between rollups while maintaining the cryptoeconomic integrity valued in the Ethereum ecosystem