What is RedStone Oracle?
RedStone Oracle is a next-generation oracle protocol that provides off-chain data for dApps and Layer 2 blockchains. Unlike traditional oracles such as Chainlink or Pyth Network, RedStone adopts an on-demand model, delivering data only when a smart contract actually requires it. This approach helps reduce gas fees and enhance operational efficiency.
Currently, RedStone has been integrated with several projects, including Pendle, DeltaPrime, Morpho, Lido, Swell Network, and Renzo. It also supports EVM and non-EVM blockchains, as well as Layer 1 and Layer 2 networks.
Core Technology of RedStone
RedStone is designed with a modular architecture, allowing data to be stored flexibly and only pushed on-chain when necessary. The system operates based on three main components:
1. Data Provision System
RedStone aggregates data from multiple sources, including:
- Centralized exchanges (CEX): Binance, Coinbase
- Decentralized exchanges (DEX): Uniswap, Curve
- Traditional finance, RWA, NFTs, AI
This data is processed and stored in the RedStone Data Distribution Layer, ensuring fast access speeds and high availability.
2. Data Transmission Methods
RedStone offers two main data transmission models:
On-Demand Model (Standard):
- Data is not stored directly on the blockchain but is provided only when requested by a transaction.
- Significantly reduces gas fees, making it ideal for cost-sensitive DeFi protocols.
Streaming Model (Classic):
- Data is updated on-chain at fixed intervals.
- Suitable for lending and perpetual protocols, where real-time accuracy is required.
3. Data Verification & Aggregation Mechanism
Before data is pushed to the blockchain, it undergoes multiple verification steps:
- Cross-checking across multiple sources to eliminate inaccurate data.
- Aggregating prices using specialized algorithms.
- Digital signatures from data providers to ensure data integrity.
Thanks to the on-demand model combined with multi-layer validation, RedStone achieves low gas costs, high security, and exceptional data accuracy.
RedStone Oracle Ecosystem
RedStone Core – Optimized Oracle for DeFi
- Uses an on-demand mechanism, reducing gas fees.
- Designed for DeFi protocols with TVL over $100M.
- Integrated across multiple Layer 1 & Layer 2 blockchains.
RedStone Classic – Traditional Model
- Stores data on-chain, ensuring full control for protocols that require it.
- Guarantees stability, making it ideal for projects needing continuous data updates.
RedStone X – Designed for Derivatives & Perpetuals
- Provides real-time price data when users interact with the protocol.
- Tailored for derivatives exchanges, including perpetuals and options trading.
With these specialized oracle solutions, RedStone caters to different DeFi needs, ensuring efficiency, cost-effectiveness, and security across various financial applications.
What is the RED Token?
The RED token is the native token of the RedStone Oracle ecosystem, serving multiple functions such as governance, utility, and incentivization within the network.
Basic Information:
- Token Name: RedStone
- Ticker: RED
- Blockchain: Ethereum
- Contract Address:
0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de - Total Supply: 1,000,000,000 RED
- Token Type: Utility, Governance
Token Allocation:
- Early Backers: 31.7%
- Ecosystem & Providers: 28.3%
- Core Contributors: 20%
- Community & Genesis: 10%
- Protocol Development: 10%
RED Token Release Schedule
Utilities of the RED Token
Oracle Service Fees
- Protocols using RedStone’s oracle services must pay fees in RED tokens.
Staking & Governance
- Users can stake RED tokens to participate in network governance and enhance security.
Ecosystem Incentives
- Data providers, developers, and contributors are rewarded with RED tokens for supporting and growing the RedStone ecosystem.
RED Staking and EigenLayer AVS
One of RedStone’s key innovations is its integration with EigenLayer AVS (Actively Validated Services) to enhance security.
- Data providers and token holders can stake RED to ensure the integrity of the oracle system.
- Stakers earn rewards from RedStone’s data services across hundreds of blockchains, receiving payments in ETH, BTC, SOL, USDC, instead of just the native RED token.
- Staking RED helps scale security by leveraging billions of dollars in staked assets on EigenLayer, creating a more secure and transparent oracle network.
Investors & Partners of RedStone
RedStone has successfully raised over $22 million across three funding rounds:
Seed Round (August 30, 2022)
- Raised $7 million
- Led by Lemniscap
- Participating investors: Coinbase Ventures, Blockchain Capital, and others
Angel Round (May 22, 2023)
- Backed by notable figures in the blockchain space:
- Stani Kulechov (Aave)
- Sandeep Nailwal (Polygon)
- Emin Gün Sirer (Avalanche)
- Backed by notable figures in the blockchain space:
Series A Round (July 2, 2024)
- Raised $15 million
- Led by Arrington XRP Capital
- Other participating funds: Spartan Group, IOSSG Ventures, Kenetic Capital, Amber Group
Exchanges and How to Acquire RED Token
On February 25, 2025, Binance officially announced that RedStone (RED) is the 64th project on Binance Launchpool, providing users with the opportunity to farm RED tokens by staking BNB and FDUSD.
Binance Launchpool Schedule:
- Farming Period: From February 26, 2025, to February 28, 2025 (2 days).
Staking Pools:
- BNB Pool: 32,000,000 RED (80%)
- FDUSD Pool: 4,000,000 RED (10%)
- USDC Pool: 4,000,000 RED (10%)
Pre-Market Trading on Binance and Other Exchanges
- Binance Pre-Market will enable early trading of RED at 17:00 on February 28, 2025 (Vietnam Time), allowing users to buy and sell before the official listing.
- RedStone becomes the first project to apply the Upward Circuit Breaker mechanism on Binance Pre-Market.
Upward Circuit Breaker Mechanism
Instead of only halting trading during sharp price drops like traditional circuit breakers, this new mechanism is designed to regulate price volatility on the upside during the Pre-Market phase on Binance.
How It Works:
- A maximum price threshold will be set.
- When the price exceeds this threshold, trading will be temporarily paused to ensure market stability.
- This mechanism helps reduce abnormal volatility, protect investors, and create a more transparent and stable trading environment during Pre-Market.
Wallets Supporting RED
Since RED is developed on Ethereum, it can be stored in popular wallets such as:
- MetaMask – A decentralized wallet supporting ERC-20 tokens.
- Trust Wallet – Supports swapping and asset management.
- Binance Wallet – Easily connects with Binance Launchpool.
- SafePal, Ledger, Trezor – Hardware wallets for enhanced security.
🔹 Token Contract: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de (Ethereum ERC-20)
Strategic Partners
RedStone has partnered with major projects such as Lido, Pendle, Morpho, EigenLayer, AltLayer, Sei Network, and Conduit, expanding its influence in DeFi and blockchain ecosystems.
RedStone Team
The core team members of RedStone include:
- Jakub Wojciechowski – Founder & CEO of RedStone.
- Marcin Kaźmierczak – Co-Founder & COO of RedStone.
- Matt Gurbiel – Head of Business Development at RedStone.
Advantages & Challenges of RedStone
Advantages:
- The On-Demand model helps save gas fees and optimizes costs for dApps.
- Supports multiple blockchains, including both EVM and non-EVM, Layer 1 & Layer 2.
- Multi-layer data validation mechanism ensures high accuracy and security.
- Backed by leading DeFi projects and investors, accelerating ecosystem expansion.
Challenges:
- The On-Demand model may cause slight latency, impacting transactions that require instant responses.
- Competing with major oracle networks like Chainlink and Pyth Network, requiring further integration to achieve mass adoption.
Conclusion
RedStone Oracle is an innovative oracle solution, offering a cost-efficient and flexible approach for blockchain protocols. With its modular design, RedStone enables faster and cheaper data transmission compared to traditional oracle models.
Its integration with major DeFi protocols like Pendle, Lido, Swell Network, along with strong backing from top investment funds, positions RedStone as a potential leading oracle in the Web3 space.
This article has provided a comprehensive overview of RedStone Oracle, including its technology, ecosystem, RED token, partners, and competitive advantages. If you're interested in RedStone, stay updated with the project to seize potential opportunities.