1. Project Overview

RedStone is a modular blockchain oracle provider that delivers fast, gas-efficient, and tamper-proof cross-chain data feeds to power DeFi protocols on EVM and non-EVM chains.

2. Token Information

  • Token Name: $RED

  • Token Type: ERC-20

  • Initial Supply: 280,000,000

  • Total Supply: 1,000,000,000

3. Project Highlight

1) Modular design supporting any blockchain and asset

  • With its four core modules (Data Sourcing, Data Distribution, Data Relaying, and Data Consumption), RedStone can quickly integrate with new DeFi protocols and blockchains.

2) World’s first BTC staking oracle

  • Adopted by Lombard Finance, pumpBTC, Lorenzo, and Solv, enabling real-time, secure BTC staking data feeds.

3) Only Oracle supporting both Push and Pull models

  • Push models are used for lending protocols, while pull models are optimized for perpetual trading and low-latency blockchains, making RedStone the most adaptable oracle solution.

4) Market-leading security and data validation

  • EigenLayer AVS staking mechanism ensures data accuracy and consistency.

  • Cryptographic signatures secure every data point, maintaining trust in cross-chain data transmission.

5) Explosive market adoption

  • User growth exceeded 500% in 2024, with Total Value Secured (TVS) increasing by over 6000%.

  • RedStone is now a Top 3 oracle provider, securing over $7 billion in DeFi assets.

6) Advancing AI-powered oracle solutions

  • RedStone is the only Oracle implementing the AI agent communication framework CLARA, which explores AI’s role in data validation and decision-making.

4. Token Utility

1) Staking

  • Data providers must stake RED tokens to ensure the quality and reliability of the data they supply.

  • Any RED holder can stake tokens in RedStone AVS on EigenLayer, adding a security layer to the oracle network.

  • At launch, RED will be supported by partner AVS as a Liquid Restaked Token (LRT).

2) Payment Currency

  • Users consuming RedStone oracle feeds (e.g., DeFi protocols) pay for data in major tokens like ETH, BTC, SOL, and USDC.

  • These fees are distributed to staked RED holders, creating a sustainable incentive mechanism.

3) Economic Security

  • By leveraging EigenLayer AVS, RedStone can access over $14 billion in economic security, strengthening data reliability and attack resistance.