RedStone

RedStone is an Oracle that delivers frequently updated, reliable, and diverse data feeds for your dApp and smart contracts on multiple L1s & L2s.

Why we build another Oracle system

Pushing data on-chain regardless of whether it is used or not is a huge waste of resources

Obsolete and monolithic architecture limits scalability (it's hard to list new assets or reduce latency)

Protocols cannot fully decide on trusted sources and data update conditions

End-users are fully dependent on relayers and could be cut off from the service

Solution

RedStone offers a radically different design of Oracles catering to the needs of modern DeFi protocols.

Data providers can avoid the requirement of continuous on-chain data delivery

Allow end users to self-deliver signed Oracle data on-chain

Use the decentralized Streamr network to deliver signed oracle data to the end users

Use token incentives to motivate data providers to maintain data integrity and uninterrupted service

Leverage the Arweave blockchain as cheap and permanent storage for archiving Oracle data and maintaining data providers' accountability

Key facts

The modular architecture maintains data integrity from source to smart contracts

There are 3 different ways to integrate our service tailored to your needs

We provide feeds for more than 1000 assets integrating ~50 data sources

We are present on 20+ chains

RedStone has been supporting DeltaPrime since March 2022 and has been live on mainnets since January 2023. Our code was audited by multiple security experts including ABDK, Peckshield and L2Beat Co-Founder.

RedStone was a launch partner for DeltaPrime on Avalanche and delivered data feeds not available anywhere else. Thanks to that DeltaPrime became the top 3 fastest growing dApps according to DefiLama.