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The collaboration between CIAN and RedStone Oracles has resulted in a revolutionary transformation of CIAN's platform. By integrating RedStone's Core model, CIAN has overcome challenges associated with conventional oracles, experiencing reduced latency and improved accuracy in price feeds. This integration has significantly enhanced the reliability and efficiency of CIAN's liquid staking token (LST) strategies, ensuring the security of user assets and optimizing overall performance.
CIAN operates as a decentralized automation platform designed to enable users to safely and efficiently capitalize on DeFi yield opportunities. The platform focuses on LST strategies, offering users the ability to architect, manage, and optimize their strategies across various protocols and cryptocurrencies. CIAN supports popular choices such as BTC, ETH, Stablecoins, and liquid staking tokens like wstETH, rETH, MaticX, and sAVAX, providing users with a diverse range of options to manage and maximize their crypto investments.
CIAN initially faced challenges with conventional oracles, including high latency and potential price discrepancies. Implementing these oracles in CIAN's design would have necessitated complex mechanisms to address inaccuracies, resulting in increased gas consumption. RedStone's integration provided a viable solution, offering reduced latency and accurate price feeds to enhance the reliability and efficiency of CIAN's strategy vaults.
In response to CIAN's needs, RedStone proposed the "Core Model." This innovative setup allows CIAN to access multiple feeds with minimal latency and efficient gas usage, charging gas costs only when the data is utilized. The automatic mechanism of injecting feeds into the user payload enables seamless integration without altering smart-contract interfaces. Additionally, the feeds in the "Core Model" are accessible on any EVM-compatible chain, providing CIAN with the flexibility to expand to new ecosystems in the future.
The integration of RedStone Oracles into CIAN's platform marks a significant milestone in the optimization of algorithmic strategic vaults and decentralized automation tools. With reduced latency, accurate price feeds, and enhanced versatility, CIAN is well-positioned to continue providing users with secure and efficient opportunities to capitalize on the ever-evolving world of decentralized finance.
