KEYTAKEAWAYS
- RedStone offers efficient, real-time data for DeFi using a unique pull-based oracle model, enhancing performance and reducing costs.
- $RED token economics ensure sustainability, with staking incentives and an innovative value accumulation mechanism to secure the network.
- RedStone’s market potential is boosted by high-performance blockchains like Solana, attracting interest from top institutions and community support.
CONTENT
On February 26, 2025, Binance announced its 64th Launchpool project, RedStone (RED), which is now live. Users can participate in a two-day mining event by staking BNB, FDUSD, and USDC.
This event has brought RedStone into the spotlight as an emerging oracle in the DeFi ecosystem, showcasing its innovative technology and sustainable economic model. What exactly is RedStone? How is it injecting new vitality into the blockchain world? This article reveals the answers.
WHAT IS REDSTONE?
RedStone is a cross-chain oracle platform designed to provide efficient, real-time external data for decentralized finance (DeFi). It supports Ethereum Virtual Machine (EVM) chains (such as Arbitrum and Polygon) as well as non-EVM chains (like Solana and Sonic), and currently covers over 60 blockchains. Unlike traditional “push” oracles, RedStone uses a “pull-based” data model, providing data on demand, which greatly enhances efficiency and reduces costs.
From cryptocurrency prices to off-chain events (such as sports scores or weather data), RedStone supports lending protocols (like Venus), derivatives platforms (such as Spark), and more, servicing billions of dollars in locked assets. It has become an essential data bridge for DeFi.
The price information RedStone provides comes from a variety of sources, including exchanges like Binance and Coinbase, decentralized exchanges (DEX) like Uniswap and Sushiswap, and price aggregators like CoinMarketCap and CoinGecko. RedStone has integrated over 150 sources so far.
The data is aggregated through independent nodes operated by data providers, using methods such as median, TWAP, and LWAP. These methods aim to provide the most accurate prices by considering factors like available liquidity and the average price over specific timeframes.
Additionally, data quality measures, like anomaly detection, are implemented to ensure accuracy. Once cleaned and processed, the data is signed by node operators to guarantee quality. The information is then broadcasted on the decentralized data network Streamr and transmitted directly to open-source gateways, which can be easily split when necessary.
The data is pushed to blockchains by dedicated relays (for specific price changes), bots (for liquidation executions), or even end-users interacting with protocols. Inside the protocol, the data is unpacked and cryptographically verified to confirm its source and timestamp.
TOKEN ECONOMICS: THE CORNERSTONE OF SUSTAINABLE DESIGN
On February 13, RedStone Oracles revealed the $RED token economics, with a total supply of 1 billion tokens, distributed as follows:
- 48.3% for the ecosystem and community: 10% for protocol development, 28.3% for supporting the ecosystem and data providers, and 10% for community and genesis distribution
- 20% for core builders
- 31.7% for early supporters
To ensure the long-term survival of the oracle and safeguard DeFi security, sustainable token economics are crucial. $RED is designed as a utility token, introducing an innovative value accumulation mechanism, and is considered the first truly sustainable oracle economic model.
By integrating with EigenLayer’s Active Validation Service (AVS), staked $RED adds economic security to the network, potentially leveraging billions of dollars in staked assets within EigenLayer to further enhance protection.
Data providers must stake $RED to contribute data, while token holders can support RedStone AVS through staking, improving network stability. Stakers will receive rewards from RedStone’s data users across hundreds of blockchains, paid in mainstream assets like ETH, BTC, SOL, and USDC. This design not only encourages participation but also injects long-term vitality into the ecosystem.
REDSTONE’S MARKET POTENTIAL
RedStone’s launch coincides with the rise of high-performance blockchains like Sonic and Solana, whose low cost and high efficiency are creating new opportunities for DeFi. RedStone’s oracle service is a key driver in this ecosystem. The team, led by Ethereum veteran Jakub, has received investments from top institutions like Coinbase and Kraken, further boosting its technical strength and market potential.
Discussions on platforms like X show a growing enthusiasm for RedStone, with many users considering it “the next dark horse in the oracle space.” If RedStone continues to expand its ecosystem, its token value and network effect are expected to rise steadily. For early participants, whether through staking $RED or supporting data services, it could be an opportunity to share in the rewards.
FUTURE OUTLOOK
RedStone is bringing a fresh perspective to the oracle sector, and its cross-chain capabilities and sustainable economic model may reshape the DeFi data landscape. The launch on Binance Launchpool has further accelerated its development, providing users with a low-barrier opportunity to participate. Whether you’re an investor or a DeFi enthusiast, RedStone is definitely worth keeping an eye on.
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