Hassan Maishera
Hexagate, a leading real-time Web3 security firm, has announced the launch of The Gate Security Oracle on the eOracle stack. the leading AVS on EigenLayer.
In a press release shared with Cryptowisser, Hexagon said Gate is the first-of-its-kind decentralized ML-based security protocol.
Trust and security remain a major priority for developing secure and decentralized protocols. However, with the current design, projects have to sacrifice decentralization to benefit from infrastructure that enables them to function effectively. This hurts the project’s overall security and makes it harder to acquire users and reputation to grow.
Thanks to the launch of EigenLayer Actively Validated Services (AVSs), the trade-offs of centralization and security can be overcome by deploying services that tap into the inherent security of staked ETH.
eOracle is currently the leading AVS protocol in terms of stake and validator network and it leverages re-staked ETH to guarantee that modular oracle networks remain secure due to its massive effective security budget.
At the moment, eOracle has over $5B of staked ETH backing its oracle network, with over 120,000 stakers and more than 110 validators distributed globally. Thus, making it the most resilient crypto oracle solution by crypto-economic security.
The Gate Protocol Security Oracle leverages the Oracle Validated Service (OVS) model to enable builders to take advantage of Hexgate’s battle-tested ML models to secure their on-chain protocols from hacks and other threats. The model enables protocols to integrate a native ‘DeFi Firewall’ that mitigates threats before any damage occurs.
While commenting on this launch, Matan Si, founder of eOracle, said,
"When we started building Oracle, we aimed to closely follow Justin Drake and Vitalik Buterin's enshrined Oracle EIP proposals. However, we soon realized that while Ethereum provides an ideal architecture, it is not practical for most use cases. Heavy computation and fast connectivity require a dedicated, immutable layer. To address this, we developed eOracle as a modular and programmable layer designed for both data and computation. This system leverages Ethereum validators and staked ETH to ensure shared security. The future is modular and not just for blockchains but for middleware as well. Just as Layer 2 solutions have significantly broadened the scope of scalable applications, AVS will usher in a similar wave of innovation in the coming years. AVS are the new L2s.’’
Yaniv Nissenboim, Co-Founder and CEO at Hexagate added that,
"In the past two years, we pioneered real-time proactive security and built a battle-tested ML and invariant monitoring engines that today protects over $50 billion in TVL across various protocols, chains, bridges, and asset managers. But a decentralized space also needs decentralized security. As a first move in this direction, we decided to partner with eOracle as the OVS model represents a groundbreaking innovation to enable modularity in the middleware layer. We’re really excited about this, and fully believe it will spark a new wave of innovation in the space.”
eOracle is a modular and programmable data layer that extends Ethereum's security to the oracle space. Launched in April 2024, it has quickly reached over $5 billion in staked ETH and over 120,000 stakers.
Meanwhile, Hexagate was established to elevate the trust in smart contracts code and provide Web3 organizations the power to protect their users from cybersecurity threats. Since its inception in 2022, Hexagate has successfully shielded chains, protocols, bridges, and asset managers against financial, economic, governance, and cyber threats, and currently protects over $50 billion in digital assets. Hexagate offers a real-time threat prevention and risk intelligence platform powered by machine learning.
