RedStone?What?
RedStone is an innovative new Oracle system designed to meet the evolving data needs of decentralized finance (DeFi) protocols and dApps on multiple layer 1 and layer 2 networks.
How Current Oracles let you down :
Existing Oracle solutions have some key limitations that RedStone aims to solve:- Pushing data on-chain continuously wastes resources if the data is unused.
- Monolithic architecture makes it difficult to scale up listed assets or reduce latency.
- Protocols can't fully control trusted data sources and update frequencies.
- Users depend completely on relayers and risk being cut off.
RedStone's Solutions:
RedStone provides a radically new Oracle architecture tailored for modern DeFi:- Avoid mandatory continuous on-chain delivery.
- Enable users to self-deliver signed Oracle data on-chain.
- Leverage the decentralized Streamr network to deliver signed data to users.
- Use token incentives to motivate reliable data feeds from providers.
- Archive immutable Oracle data on Arweave for accountability.
Modular Design for Flexibility:
RedStone uses a modular approach where data is stored off-chain and only fetched when needed. This allows broad asset coverage and high update frequency without bloating on-chain data.3 Integration Options:
Based on smart contract needs, RedStone offers:
- RedStone Core - injects data into user transactions for efficiency.
- RedStone Classic - pushes data via relayer for control.
- RedStone X - eliminates front-running risks for derivatives.Conclusion:
With its innovative architecture, RedStone unlocks the next evolution of customizable, reliable, and efficient Oracle solutions tailored for the future of DeFi.
