The Rising New Oracle = Redstone

Today, the DeFi space has far exceeded the basic realms of trading and lending. It now includes liquid staking, re-staking, leveraged products, and derivatives. DeFi protocols are not only diverse but also operate across multiple blockchain networks. The diversity and complexity of services and blockchain infrastructure are increasing, driving the demand for a broader and more adaptable oracle ecosystem.

A key difference between RedStone and Chainlink and Pyth Network is that it plans to utilize re-staking to achieve oracle security.

RedStone has developed RedStone AVS using leading re-staking protocols such as EigenLayer and Symbiotic. Initially, a small number of data feeds will be integrated and expanded based on demand. Compared to traditional single-token staking mechanisms, this re-staking-based security model is expected to provide higher security assurances. This feature has now been launched on the Ethereum and Base mainnets.

RedStone offers both push and pull oracles, highly adaptable to various DeFi protocols and blockchain networks. This flexibility has driven the rapid growth of RedStone, making it one of the fastest-growing oracle projects in the market. Notably, while other oracles have experienced security breaches, RedStone has maintained a zero-hacker record.