๐๐๐๐๐ฉ๐ค๐ฃ๐ ๐๐ง๐๐๐ก๐: ๐ง๐ต๐ฒ ๐๐๐ผ๐ฟ๐ ๐ผ๐ณ ๐ฏ๐ฒ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ณ๐ฎ๐๐๐ฒ๐๐ ๐ด๐ฟ๐ผ๐๐ถ๐ป๐ด ๐ข๐ฟ๐ฎ๐ฐ๐น๐ฒโฆ๏ธ๐ฅ
From powering high performance ecosystems like Hyperliquid and MegaETH to building OEV solutions such as RedStone Atom.
From expanding into the Global Market to holding the record for the ๐๐๐จ๐ฉ๐๐จ๐ฉ ๐๐ง๐ค๐ฌ๐๐ฃ๐ ๐๐ง๐๐๐ก๐ with โ0 ๐๐๐จ๐ฅ๐ง๐๐๐๐ฃ๐ ๐๐ซ๐๐ฃ๐ฉ๐จโ.
A deep dive into the massive growth of @redstone_defi and the innovations that have reshapen the DeFi world:
โฆ๏ธ1. The Major Integrations & Partnerships:
โฆ Hyperliquidโก:
A decentralized exchange (DEX) for perpetual futures trading.
But instead of depending on another blockchain like Ethereum or Arbitrum, Hyperliquid runs on its own Layer 1 blockchain designed purely for speed and performance.
On most DEXs, only part of the trading happens on-chain and the order book (list of buy/sell orders) is usually stored off-chain.
But in Hyperliquid, everything is on-chain. Making every trade fully transparent.
To achieve this CEX level speed and transparency at the same time, they needed an Oracle that can provide ultra low latency & reliable data feeds.
RedStone is known for being the fastest when it comes to providing reliable and trustless data.
Thus, RedStone now powers Hyperliquidโs on-chain order book data engine. Therefore delivering real time, high speed price data for its trading pairs.
Thereby proving RedStone can handle CEX level performance in a fully on-chain environment.
โฆ Aqua ๐:
The fastest liquidity layer on MegaETH now uses RedStone oracle for its infrastructure and modular pricing.
It's the first major showcase of RedStone Bolt, enabling zero latency price feeds on high performance L1s.
โฆ Pendle Finance :
Pendle Finance is a DeFi protocol that lets users tokenize their yield. Which means you can split an interest bearing token like $stETH or $aUSDC into two parts:
Principal Token (PT): The base asset itself.
Yield Token (YT): The future yield or interest it will generate.
Now to run this system safely, Pendle needs accurate, real time price data for all its underlying assets.
RedStone provides these price feeds, but with a twist, theyโre custom built for Pendleโs unique yield tokens.
Instead of a generic ETH/USD price feed, RedStone can provide specific feeds for yield bearing tokens.
โฆ Ethena Labs :
The protocol behind $USDe, a synthetic dollar backed by crypto, not banks.
It stays stable through a delta-neutral strategy where they use ETH collateral + short futures to offset price swings, creating a yield bearing stable asset with no centralized backing.
To keep $USDe stable, Ethena needs accurate, real time price data for assets like ETH, BTC, and stETH.
RedStone supplies these feeds, allowing Ethenaโs contracts to:
โข Track asset prices precisely.
โข Maintain the delta-neutral balance.
โข Calculate yields and risk instantly.
โฆ MegaETH :
A high performance next-gen Layer 1 blockchain built for extreme speed and low latency.
Basically, โEthereum, but faster.โ
It powers apps like Aqua and Hyperliquid, delivering near Web2 performance with full decentralization.
RedStone integrates natively with MegaETH to provide zero latency oracle feeds via RedStone Bolt.
Thereby providing real-time data for all dApps on MegaETH.
โฆ๏ธ2. The Technology Behind the Success of RedStone:
โฆ RedStone Atom โ๏ธ:
The OEV solution which allows protocols to capture oracle-driven MEV value and not lose it to MEV Bots.
Atom has attracted huge attention as a modular, revenue sharing innovation in oracle design.
โฆ RedStone Bolt โก:
Provides Zero Latency data feeds with the track record of 0 Mispricing Events.
Other than that, features like the modular architecture, open data access & custom data feeds all combined make RedStone the first Oracle choice for major Protocols.
Comment below your favourite technology & integration of RedStoneโฆ๏ธ๐
Former Chainlink director joins RedStone to lead rollout of next-gen OEV tech.
@mkmassari will bring his 15+ years of experience to the team, focussing on OEV, strategy and growing RedStone market share.
.@SolChatCoin airdrop season is here! ๐ฅ
SolChat is doing an exclusive airdrop for $ZBC and $CHAT holders!
The top 1000 $ZBC holders and Instant Card users that load up the most $CHAT on their Zebec Instant will receive a $CHAT airdrop.
Get to loading! ๐ณ
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Kanga Exchange & @ArrlandNFT - #NFT Giveaway
In connection with the upcoming #IEO of $RUM on Kanga Exchange, we want to reward the community with 30 limited #NFTs giving early access to the alpha version! ๐คฏ
Check what you need to do to prizes! โฌ๏ธ
https://t.co/PBMRcY5VoM