Actively Validated Service (AVS)
From CryptoWiki
- Actively Validated Service (AVS) is a term introduced during the Restaking wave started by EigenLayer.
- From Onchain Times (10-5-2024):
"The main point of EigenLayer is to lease Ethereum security to other projects and become the first market for decentralized trust. Efficient markets thrive on both sellers and buyers. Sellers, in this context, are EigenLayer users who restake their ETH through Operators, which are entities offering various services to buyers. Buyers, on the other hand, are AVSs (Actively Validated Services). Put it more simply, they are the projects using EigenLayer to enhance the overall security and functionality of their networks. AVSs essentially consume decentralized trust."
"[RedStone is] the only production-ready AVS on EigenLayer"
