eOracle Joins InceptionLRT to Power Decentralized Restaking Data

InceptionLRT has partnered with eOracle to provide secure, trust-minimized price feeds for Liquid Restaking Tokens (LRTs), starting with the inwstETHs/wstETH pair on Zircuit. This collaboration strengthens decentralized restaking and data validation by leveraging Ethereum’s infrastructure.

TL;DR:

• eOracle is a decentralized oracle network that secures off-chain data with Ethereum’s proof of stake model.
• Oracles are critical for bringing external data on-chain, allowing DeFi and other blockchain applications to operate effectively.
• InceptionLRT is integrating eOracle’s price feeds for inwstETHs/wstETH.
• Both InceptionLRT and eOracle share the vision of leveraging Ethereum’s infrastructure to eliminate centralization in the space.

What is eoracle?

eOracle is a decentralized oracle network that is built on Ethereum’s proof of stake to protect off-chain data and computation. By leveraging Ethereum validators and staked ETH, it avoids the additional trust assumptions inherent in traditional Oracle solutions. This way, eOracle presents itself as a permissionless marketplace that allows anybody to produce or consume data, fostering competition and lowering dependencies on centralized providers.

What is a Blockchain Oracle?

Smart contracts operate within a blockchain environment and do not have direct access to external information. Oracles serve as bridges, bringing off-chain data (such as asset prices, weather conditions, or sports scores) into the blockchain for smart contracts to use. This makes them indispensable for DeFi and a variety of other on-chain applications that require real world data.

eOracle takes the concept of blockchain oracles one step further by integrating with Ethereum’s security paradigm, giving users a decentralized and trust-free option to access off-chain data.

For more information on eOracle, visit their website here.

eOracle Powers InceptionLRT with Secure Price Feeds

InceptionLRT is collaborating with eOracle to improve the accessibility and usability of Liquid Restaking Tokens (LRTs) in DeFi markets. As part of this partnership, eOracle now offers safe price feeds for the inwstETHs/wstETH pair, allowing for the seamless distribution of these assets on Zircuit and other chains.

These price feeds are crucial in guaranteeing correct valuations, allowing LRTs to more reliably integrate into lending markets. And this is only the start - additional data feeds will be added soon, expanding InceptionLRT’s capability within DeFi. Keep an eye out for upcoming developments as the partnership continues to grow.

A unified vision

This partnership is motivated by a common goal of decentralization. InceptionLRT’s multi-curated restaking solutions aim to establish the most decentralized restaking framework to date, minimizing reliance on centralized entities. Similarly, eOracle’s permissionless approach extends Ethereum’s capabilities into the realm oracle space, ensuring trustless access to off-chain data.

By working together, both projects reinforce Ethereum’s core principles of open access, decentralization, and security, establishing new standards for the future of restaking and DeFi.

Visit InceptionLRT today to learn more about our vision on decentralized Restaking.