ether.fi Collaborates with Omni Network to Deploy AVS Network on EigenLayer

Liquid Restaking protocol ether.fi has recently secured an agreement to delegate $600 million worth of ETH to ensure the security of the Omni Network.

Partnership Details

Omni Network is designed to help Ethereum Rollups scale, communicate, and reduce latency. Both Omni and ether.fi have committed to using EigenLayer’s synthetic security model.

Omni will integrate ether.fi's eETH token and select nodes from ether.fi’s network to operate its Actively Validated Service (AVS) network. The staked and delegated ETH will secure the operations on this new network.

Liquid Restaking Model

The Liquid Restaking model allows for increased yields and the reuse of staked ETH in the Ethereum network. Currently, ether.fi generates a 3.92% yield along with additional EigenLayer reward points for users. These points will be convertible into future airdrops. Since December 2023, the Liquid Restaking market has experienced significant growth, with EigenLayer reaching $10 billion in locked assets.

Comments from EigenLayer

Sreenam Kannan, co-founder of EigenLayer, shared:

"We are delighted to see Omni deploying the AVS network based on EigenLayer, enhancing interoperability among ecosystems on Ethereum. This aligns with one of our core values."

The integration of Omni Network and ether.fi on EigenLayer is set to bolster the Ethereum ecosystem, providing greater security and efficiency for Rollups and enhancing the overall scalability of the network.