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Leading the DeFi Wave in Permissionless II and Beyond: InfStones' October Newsletter
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Leading the DeFi Wave in Permissionless II and Beyond: InfStones' October Newsletter
Oct 09,2023|Newsletter
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Welcome to our October newsletter!

Last month was action-packed, and we're excited to fill you in on the highlights. On a side note, our team is growing rapidly — don't miss your chance to be part of it. Head over to our careers page to apply now!

InfStones Attends Permissionless II 2023

InfStones was a proud sponsor and active participant in Permissionless II, the world's leading DeFi event held in Austin, Texas, from September 11th-13th. Co-hosted by Blockworks and Bankless, the event attracted over 7,000 crypto enthusiasts and featured insights from industry titans like Vitalik Buterin of Ethereum and Anatoly Yakovenko of Solana. Our team engaged in meaningful conversations and gained invaluable insights, amplifying our enthusiasm for blockchain innovation. Read the full article here.

Industry Trends

We've also gathered key industry trends from the past month for you to explore below.

EigenLayer's ETH Cap Hits Limit in Hours: A New Milestone in the DeFi Wave

After raising its restaking cap to 100,000 ETH, EigenLayer's total value locked (TVL) surged by 207%, reaching $238 million in just hours. The move is part of a strategy to broaden user participation in restaking, and as a node operator partner, we're excited to be part of this milestone. Alongside this, EigenLayer is set to launch twelve early-stage projects, solidifying its reputation as a significant contributor to the Ethereum ecosystem.

Stader Labs Unveils rsETH: A Seamless Solution for Ethereum Restaking

Stader Labs has launched rsETH, a first-of-its-kind liquid restaked token aimed at transforming Ethereum's staking landscape. Backed by InfStones, this innovation streamlines staking rewards and enables easier restaking of various liquid tokens across networks. rsETH not only simplifies user onboarding but also enhances capital efficiency, tackling issueslike intricate reward systems and high fees.

Obol Network Spearheads Next-Gen Ethereum Validation with DVT

Obol Network is setting the stage for Ethereum's future with its cutting-edge Distributed Validator Technology (DVT). Ahead of their V1 launch, rigorous testing has confirmed the technology's promise of decentralizing validation and fortifying security. Teaming up with Lido, Obol aims to bolster the resilience of Ethereum's network. At InfStones, we're equally thrilled to be backing this revolutionary venture

That's a wrap for this month! The decentralized finance landscape is rapidly evolving, and InfStones is leading the charge.The highlights shared here are just the beginning; we're eager to deliver more groundbreaking updates soon!

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.

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