The $600 million worth of Ether will be restaked on EigenLayer.
Omni Network has secured a deal worth $600 million Ether (ETH) from restaking protocol Ether.Fi, which will be used to enhance the security of the Omni Network and EigenLayer.
The $600 million will help secure both the Omni testnet and mainnet, according to a Mar. 4 X (formerly Twitter) post by Omni Network.
Omni Network is a layer-1 interoperability blockchain that securely connects Ethereum rollups via restaking, aiming to offer lower latency and improve ecosystem fragmentation.