WHY REDSTONE ORACLE?

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10 Jan 2024
16

Why another Oracle system? Traditional models waste resources, struggle with scalability, and depend on unreliable relayers. RedStone addresses these issues head-on with a radical redesign. Let's delve into the reasons and the groundbreaking solutions Redstone offer. In a world where pushing data on-chain, irrespective of its utility, is a significant resource drain, RedStone offers a groundbreaking alternative. The current challenges of obsolete, monolithic architecture and uncertainty in data sources, coupled with end-users' dependence on vulnerable relayers, prompted the need for a radical redesign.

RedStone's approach is nothing short of revolutionary. Unlike the conventional on-chain data delivery models, RedStone eliminates the continuous on-chain data requirement, allowing data providers to avoid unnecessary resource consumption. Moreover, end-users are empowered to self-deliver signed Oracle data on-chain, putting control back in their hands.
Key facts about RedStone's modular architecture underline its commitment to data integrity. Offering three different integration models tailored to specific needs, RedStone provides feeds for over 1000 assets from approximately 50 data sources, spanning across 20+ chains. Diving deeper into data sources, RedStone aggregates feeds from off-chain DEX'es (Binance, Coinbase, Kraken), on-chain DEX'es (Uniswap, Sushiswap, Balancer), and aggregators (CoinmarketCap, Coingecko, Kaiko), integrating more than 50 sources.

RedStone's vision extends beyond mere data delivery; it encapsulates a comprehensive ecosystem that aligns with the evolving needs of DeFi protocols. Efficient, scalable, and secure, RedStone stands as a launch partner for DeltaPrime on Avalanche, contributing to its ascent as one of the top 3 fastest-growing dApps according to DefiLama.

In the intricate world of DeFi, RedStone emerges as a beacon, guiding protocols towards a future where data delivery is not just a process but a well-thought-out, modular, and secure system. Join the RedStone revolution - a paradigm shift in the realm of decentralized oracles.

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