RedStone, the Leading Cross-Chain Data Oracle, Officially Launches on Sui, Providing Real-Time Price Feeds for Bitcoin and Other Digital Assets
This integration not only enhances the on-chain accuracy of BTC pricing but also drives the growth of BTCfi within Sui’s rapidly expanding Layer-1 ecosystem.
As a trusted partner of over 140 DeFi protocols, RedStone ensures transparent and accurate price data, fostering the strong development of Bitcoin-based DeFi. Integrating with Sui unlocks new yield opportunities for BTC holders while optimizing operational efficiency for DeFi protocols.
Key Benefits of RedStone’s Integration on Sui
1. Accurate On-Chain BTC Price Data
RedStone delivers highly reliable, real-time BTC pricing, helping DeFi protocols on Sui minimize risk, optimize performance, and ensure precise collateral valuation.
2. Expanded BTC Yield Opportunities
Accurate price data enables platforms like Scallop, Navi, and Suilend to introduce innovative borrowing, lending, and staking services for Bitcoin, creating enhanced yield optimization opportunities for BTC holders.
3. Improved Liquidity and Market Efficiency
The RedStone integration provides high-liquidity, real-time price data, reducing slippage, enhancing collateral efficiency, and optimizing liquidation processes for lending protocols.
Sui: The New Hub for BTCfi
Bitcoin has long been the most popular digital asset, but its DeFi applications have been limited. BTCfi is ushering in a new era, allowing BTC holders to maximize the value of their assets. Since launching BTC staking in December 2024, Sui has become a key platform for the BTCfi movement, accelerating the growth of Bitcoin-powered decentralized finance.
RedStone’s integration with Sui not only enhances data accuracy but also lays the foundation for BTCfi’s expansion, making Bitcoin more useful in the DeFi world.