Redstone (RED)

RedStone (RED) is revolutionizing the blockchain oracle landscape with its modular, high-performance oracle solution. Designed to securely deliver real-time data across more than 70 chains and serving over 130 clients, RedStone is paving the way for the next generation of decentralized finance (DeFi). The introduction of the RED token marks a major milestone in further decentralizing and securing RedStone’s ecosystem while establishing a robust economic model for long-term growth.

RedStone is a next-generation modular blockchain oracle that bridges the gap between off-chain data and on-chain applications. By aggregating price feeds from both centralized exchanges (CEXs) and decentralized platforms (DEXs), RedStone provides deep price discovery and ultra-low latency data for DeFi protocols. The forthcoming RED token underpins this ecosystem, incentivizing data providers and network participants while leveraging innovative staking mechanisms that tap into additional layers of economic security through EigenLayer’s Actively Validated Service (AVS).

• Rapid Market Adoption: Achieved a 500% user growth in 2024, solidifying its position as the fastest-growing oracle in the market.

• Widespread Integration: Currently supports over 130 clients and is active across 70+ blockchain networks, including high-profile integrations on Berachain, Story, TON, Monad, and MegaETH.

• Technological Leadership: Demonstrated zero mispricing events while pioneering modular oracle architecture for deeper and faster data feeds.

• Upcoming RED Token Launch: Introducing a new utility token designed to boost decentralization, economic security, and incentivization within the ecosystem.

RedStone’s ecosystem is built on a foundation of robust, modular design and innovative tokenomics:

• Modular Oracle Architecture: RedStone’s design allows seamless integration with any blockchain, offering tailor-made price feeds for various quantitative needs. This flexibility means that whether it’s standard push feeds for lending platforms or pull feeds for high-frequency trading on DEXs, RedStone supports them all.

• Economic Security via RED Staking: RED tokens can be staked by both data providers and token holders to bolster the security of the oracle network. Through its integration with EigenLayer AVS, staked RED tokens not only secure the data feeds but also contribute to a shared pool of economic security that can be extended to secure billions in value.

• Multi-Network Reach: While initially issued as an ERC-20 token on Ethereum, RED will also be bridged to networks like Solana and Base via the Wormhole Native Token Transfer standard, broadening its reach and utility.

How Redstone X works | Source: Redstone docs

RedStone functions as a modular blockchain oracle with the following key components:

• Decentralized Data Feeds: By aggregating data from a diverse array of sources—both centralized and decentralized—RedStone ensures comprehensive price discovery and data accuracy across multiple assets.

• EigenLayer-Backed Security: RED staking leverages EigenLayer’s AVS, enabling the network to tap into billions of dollars of economic security. Data providers and token stakers are rewarded in popular assets like ETH, BTC, SOL, and USDC for supporting the network.

• Scalable and Flexible Integration: The oracle is designed to quickly onboard new chains and assets, ensuring that emerging DeFi platforms can access the high-quality data they need to operate securely.

RED Token Utility

The RED token is the cornerstone of RedStone’s decentralized oracle ecosystem, empowering a range of functions including network security enhancement through staking, incentivizing high-quality data provision, and enabling community-driven governance. 

• Cornerstone of the Ecosystem: Serves as the fundamental token powering RedStone’s decentralized oracle network.

• Enhances Network Security: Enables staking by both data providers and token holders, which strengthens the security of the oracle system via mechanisms like EigenLayer.

• Incentivizes Data Quality: Rewards participants for supplying high-quality, reliable data essential for accurate oracle services.

• Enables Community Governance: Grants token holders the power to participate in decision-making processes, fostering a decentralized governance model.

• Earns Cross-Asset Rewards: Stakers receive rewards in widely adopted assets such as ETH, BTC, SOL, and USDC.

• Built on ERC-20: Initially launched on the ERC-20 standard, with plans for cross-chain expansion via the Wormhole protocol to enhance interoperability.

RedStone Token Distribution

RED token allocation | Source: Redstone blog

RED’s total supply is capped at 1,000,000,000 tokens, with only 30% available at the Token Generation Event (TGE) and the remaining 70% locked to be released over four years. The strategic allocation is designed to foster long-term growth and stability:

• Community & Genesis (10%): Distributed through airdrops and early engagement incentives to reward early adopters and active participants.

• Protocol Development (10%): Allocated to drive continuous research, development, and operational efficiency.

• Core Contributors (20%): Reserved for key team members and advisors, with a strategic vesting schedule to ensure long-term commitment.

• Ecosystem & Data Providers (28.3%): Supports community growth through grants and incentives for data providers, fueling innovation.

• Early Backers (31.7%): Allocated to early financial and strategic supporters, with lock-up periods to secure sustained commitment.

RED Token Release Schedule

Redstone vesting schedule | Source: Redstone blog

To ensure market stability and encourage long-term alignment among stakeholders, RED tokens follow a structured release schedule. An initial 30% is made available at TGE to provide immediate liquidity, while the remaining 70% are gradually unlocked over four years. This phased approach mitigates oversupply risks, incentivizes long-term holding, and supports the sustainable development of the RedStone ecosystem.

Participation in the RedStone ecosystem is straightforward:

1. Connect Your Wallet: Access the RedStone platform and connect your Ethereum-compatible wallet. With plans to expand across multiple chains, users should ensure their wallets support cross-chain interactions.

2. Stake RED Tokens: Once available, stake RED tokens via the platform’s staking portal. Data providers and token holders can lock their tokens to enhance network security, tapping into the economic benefits provided by EigenLayer AVS.

3. Earn Rewards: Stakers receive rewards from data consumers across hundreds of chains. These rewards are distributed in widely adopted assets such as ETH, BTC, SOL, and USDC, incentivizing long-term engagement.

4. Engage in Governance: RED token holders will participate in decentralized governance, voting on key protocol decisions, updates, and incentive mechanisms.

RedStone’s strategic roadmap aims to enhance scalability, security, and cross-chain interoperability:

• Phase 1: Infrastructure and Market Penetration (0–6 Months):

• Launch of the RED token and staking platform.

• Integration with key DeFi protocols and early adoption across multiple chains.

• Phase 2: Ecosystem Expansion and Security Enhancement (6–12 Months):

• Broader integration across additional networks (Solana, Base, etc.).

• Expansion of the EigenLayer-based staking system to further secure data feeds.

• Phase 3: Decentralized Governance and Cross-Chain Growth (12–18 Months):

• Transition to fully decentralized governance with active community participation.

• Onboarding new data providers and partnerships to support a growing array of assets.

• Phase 4: Global Scale and Advanced Oracle Features (18–24 Months):

• Implementation of advanced features such as ultra-low latency feeds and bespoke data solutions.

• Establishment of RedStone as the go-to oracle for traditional finance institutions and large-scale DeFi projects.

RedStone (RED) is set to transform the blockchain oracle space with its innovative modular design, robust tokenomics, and far-reaching network integrations. With a clear roadmap and a rapidly expanding client base, the upcoming RED token launch is poised to accelerate network decentralization, enhance economic security, and deliver unparalleled data quality for the future of decentralized finance.

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