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RedStone Finance has integrated its oracle technology with Fuel, an optimized execution layer for Ethereum. This collaboration aims to enhance decentralized finance (DeFi) applications on Fuel's fast, modular network.
Fuel started as a layer-2 scaling solution and was the first optimistic rollup on Ethereum mainnet. Now, Fuel offers high security and flexible throughput as the fastest modular execution layer. It focuses on developer experience through features like parallel transaction execution, the Fuel Virtual Machine, and integrated tools like Sway and Forc.
RedStone proposed an innovative grant to develop a modular oracle design. Data is stored off-chain in a cheap availability layer until needed on-chain. This allows broadcasting many assets frequently off-chain until required on-chain. RedStone uniquely uses Sway and supports multi-asset transactions. While Fuel uses one base asset for gas, RedStone enables any asset for flexibility and simplicity.
The @redstone-finance/fuel-connector module provides alternative oracle data access. Data resides decentralized until transferred on-chain. It has on-chain libraries, tests, and classes to connect. Importing it and utilizing its methods enables contract connectivity. As part of Fuel's Grants Program, this shows RedStone's ecosystem commitment.
Fuel Labs CEO Nick Dodson praised RedStone's on-demand oracles and Fuel's fast modularity for launching dApps. Fluid Protocol CTO Meir Bank highlighted setting new DeFi speed and reliability standards by deeply integrating.
Fuel's rapid evolution brings syntax and ABI changes needing SDK version alignment. Full integration is temporarily blocked by the TypeScript layer but component readiness exists. Despite challenges, Fuel has been very supportive.
A code generation issue pushed compiler limits, taking a week to fix abstractly. Innovative ideas are forcing positive systemic changes although mutual challenges remain.
This integration unlocks new DeFi features on Fuel. RedStone's real-time, accurate oracles complement Fuel's speed for smart contracts. Reliable data enables lending, derivatives, options, and more.
Overall, this represents a major step toward efficient, transparent, and inclusive DeFi.
