RedStone 🤝 Sonic
Thanks to the modular design, our oracles are available on @SonicLabs. Sonic is an EVM L1 blockchain with powerful incentives and infrastructure for DeFi.
RedStone 🤝 Sonic
Thanks to the modular design, our oracles are available on @SonicLabs. Sonic is an EVM L1 blockchain with powerful incentives and infrastructure for DeFi.
In the fast-paced world of decentralized finance, data is everything. #RedStone is here to revolutionize how DeFi protocols access and utilize information.
In the fast-paced world of decentralized finance, data is everything. #RedStone is here to revolutionize how DeFi protocols access and utilize information.
Infra are the silent engines of crypto, powering everything behind the scenes.
Among them, Oracles stand out as the backbone of DeFi, delivering accurate price feeds to keep dApps running smoothly.
Simply put: if Oracles fail, DeFi fails.
While the Oracle space has a few dominant players, one in particular made waves in 2024 with a staggering 1,500% growth in Total Value Secured (TVS): @redstone_defi.
In this post, I’ll dive into RedStone’s offerings and explore why they stand out compared to other players like Chainlink and Pyth.
(p.s. RedStone the biggest Oracle yet to TGE, so I highly recommend interacting with it via the quick guide below)
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1. RedStone Intro & Offerings
RedStone is a modular oracle designed to provide customisable and cost-efficient data streams that power dApps and various ecosystems. Supporting over 50+ chains (EVM, Non-EVM, AppChains, etc.), RedStone currently secures close to $6.7b in value across these networks.
Traditional oracle systems are inefficient and costly, creating barriers for projects that need reliable, scalable data solutions. The team has carved out a unique and scalable niche compared to incumbents like Chainlink and Pyth, while offering a better overall product:
• Chainlink: Focuses on “Push” products, delivering price updates based on specific conditions. Relies on a large and expensive network of node operators that has to be redeployed for each new chain they support
• RedStone: A modular oracle with unmatched flexibility. It can deploy on any chain and support credible assets quickly, offering best-in-class speed to market for emerging assets like LSTs, LRTs and Bitcoin Staking LSTs and LRTs
• Pyth: Specializes in high-frequency data and only supports pull based oracles, aiming to grow transaction volume specifically from Perp protocols
The team has seen an impressive 1500% YoY growth in TVS, with growth driven by its best-in-class asset coverage, which includes 1000+ price feeds - setting it apart as a leader in the oracle space.
- - - - - - -
2. RedStone Expedition
RedStone is the largest Oracle yet to launch its token ($RED). While TGE details remain unconfirmed, the final season of the RedStone Expedition program is live, likely tied to the upcoming token drop.
Participants can earn RedStone Gems (RSG) through on-chain and off-chain quests like completing daily tasks, creating content, and contributing to the community.
To get Started:
• Connect your wallet: https://t.co/schsRoKtMM
• Join the Discord: https://t.co/Yewadh0GrZ
• Complete onboarding tasks in Discord.
• Visit the #warpy channel and use the command “/linkwallet” followed by your EVM addy
• Start completing daily quests to earn RSG and participate in conversations to rank up your Discord role
Tip: The team has highlighted that Discord roles carry significant weight in determining RSG boosts and special allocations. Focus on upskilling your role alongside completing quests to maximize your rewards.
- - - - - - -
3. Closing Thoughts
Oracles are a critical component of the crypto space, with 3 key players leading the way. While $LINK has seen its dominance decline, competitors like RedStone are delivering more innovative and dynamic solutions.
RedStone stands out as the only top Oracle yet to TGE, offering unmatched scalability, modularity, and security. Its ability to rapidly support new networks and assets makes it a top choice for builders who value speed-to-market without compromising on security or data accuracy.
Impressively, RedStone has avoided any major mispricing events, even during extreme volatility (e.g., UST depeg, FTX crash), instilling unmatched confidence in builders and dApps.
With the $RED token TGE on the horizon, it’ll be exciting to see how RedStone positions itself among the top players.
Disclosure: ambassador; informative thread made in partnership with the team
Infra are the silent engines of crypto, powering everything behind the scenes.
Among them, Oracles stand out as the backbone of DeFi, delivering accurate price feeds to keep dApps running smoothly.
Simply put: if Oracles fail, DeFi fails.
While the Oracle space has a few dominant players, one in particular made waves in 2024 with a staggering 1,500% growth in Total Value Secured (TVS): @redstone_defi.
In this post, I’ll dive into RedStone’s offerings and explore why they stand out compared to other players like Chainlink and Pyth.
(p.s. RedStone the biggest Oracle yet to TGE, so I highly recommend interacting with it via the quick guide below)
- - - - - - -
1. RedStone Intro & Offerings
RedStone is a modular oracle designed to provide customisable and cost-efficient data streams that power dApps and various ecosystems. Supporting over 50+ chains (EVM, Non-EVM, AppChains, etc.), RedStone currently secures close to $6.7b in value across these networks.
Traditional oracle systems are inefficient and costly, creating barriers for projects that need reliable, scalable data solutions. The team has carved out a unique and scalable niche compared to incumbents like Chainlink and Pyth, while offering a better overall product:
• Chainlink: Focuses on “Push” products, delivering price updates based on specific conditions. Relies on a large and expensive network of node operators that has to be redeployed for each new chain they support
• RedStone: A modular oracle with unmatched flexibility. It can deploy on any chain and support credible assets quickly, offering best-in-class speed to market for emerging assets like LSTs, LRTs and Bitcoin Staking LSTs and LRTs
• Pyth: Specializes in high-frequency data and only supports pull based oracles, aiming to grow transaction volume specifically from Perp protocols
The team has seen an impressive 1500% YoY growth in TVS, with growth driven by its best-in-class asset coverage, which includes 1000+ price feeds - setting it apart as a leader in the oracle space.
- - - - - - -
2. RedStone Expedition
RedStone is the largest Oracle yet to launch its token ($RED). While TGE details remain unconfirmed, the final season of the RedStone Expedition program is live, likely tied to the upcoming token drop.
Participants can earn RedStone Gems (RSG) through on-chain and off-chain quests like completing daily tasks, creating content, and contributing to the community.
To get Started:
• Connect your wallet: https://t.co/schsRoKtMM
• Join the Discord: https://t.co/Yewadh0GrZ
• Complete onboarding tasks in Discord.
• Visit the #warpy channel and use the command “/linkwallet” followed by your EVM addy
• Start completing daily quests to earn RSG and participate in conversations to rank up your Discord role
Tip: The team has highlighted that Discord roles carry significant weight in determining RSG boosts and special allocations. Focus on upskilling your role alongside completing quests to maximize your rewards.
- - - - - - -
3. Closing Thoughts
Oracles are a critical component of the crypto space, with 3 key players leading the way. While $LINK has seen its dominance decline, competitors like RedStone are delivering more innovative and dynamic solutions.
RedStone stands out as the only top Oracle yet to TGE, offering unmatched scalability, modularity, and security. Its ability to rapidly support new networks and assets makes it a top choice for builders who value speed-to-market without compromising on security or data accuracy.
Impressively, RedStone has avoided any major mispricing events, even during extreme volatility (e.g., UST depeg, FTX crash), instilling unmatched confidence in builders and dApps.
With the $RED token TGE on the horizon, it’ll be exciting to see how RedStone positions itself among the top players.
Disclosure: ambassador; informative thread made in partnership with the team
Wen BeraChain mainnet? 🐻⛓️
Unlocking the Future of DeFi on Berachain
Join us on Friday at 5 PM CET for our space with @SmokeyTheBera, @0xRaito_ and @MarcinRedStone.
See you 🕔
Wen BeraChain mainnet? 🐻⛓️
Unlocking the Future of DeFi on Berachain
Join us on Friday at 5 PM CET for our space with @SmokeyTheBera, @0xRaito_ and @MarcinRedStone.
See you 🕔