RedStone (RED)
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About RED
RedStone is a cutting-edge modular oracle providing high-quality, secure price feeds across more than 70 blockchain networks. Designed for developers and institutions alike, RedStone supports over 1,250 digital assets, encompassing major cryptocurrencies and a variety of innovative financial products, including lending, staking, and yield-bearing collateral protocols. With a focus on rapid and reliable data delivery, RedStone boasts an exceptional track record, having never encountered a mispricing event since its launch in 2021. Trusted by over 130 clients, including leading blue-chip DeFi platforms such as Compound, Pendle, Lido, and Balancer, RedStone excels in offering diverse in-demand assets like liquid staking tokens and lending products, securing over $10 billion in collateral across its network. Its advanced pricing methodology ensures users obtain the most accurate and timely financial information, crucial for enhancing the performance of decentralized applications. RedStone's robust architecture is built for customization, allowing developers to create tailored solutions that meet the specific needs of their protocols. The platform has established strategic partnerships with top-tier players in the space and prominent blockchain investors, reinforcing its commitment to data quality and reliability. With its innovative approach and dedication to the evolving digital finance space, RedStone stands as a vital pillar for builders looking to harness the full potential of blockchain technology in their applications.
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Frequently Asked Questions about RedStone
What is RedStone?
RedStone is a blockchain oracle network that provides secure and customizable data feeds to dApps across multiple blockchains. It supports DeFi protocols with real-time data on assets like LSTs, LRTs, and more.
Which blockchains does RedStone support?
RedStone supports over 70 chains, including all EVM-compatible chains and many non-EVM chains.
What types of assets can RedStone price?
RedStone can price over 1,250 assets, including major cryptocurrencies, lending tokens, and various innovative financial products.
What is the RED token?
RED is the native token of the RedStone ecosystem, designed for staking, securing the oracle network, and rewarding participants.
Where can I buy RedStone tokens?
The RedStone token is available for trading on popular centralized exchanges such as Binance, Bybit, Bitget, Crypto.com, and Kraken, among others.
What is the best wallet to store RedStone tokens?
RedStone tokens can be stored in Ethereum-compatible wallets, such as Bitcoin.com Wallet, MetaMask, or Rabby Wallet.
How can developers integrate RedStone oracles?
Developers can integrate RedStone by using its modular oracle infrastructure, which supports both push and pull data models. Detailed documentation is available on the project's website.
How does the RED token benefit stakers?
RED token holders can stake their tokens to secure the network and earn rewards from data users. Staking is a key part of RedStone's incentive model.