RedStone Quick Guide
  • Guide
    • 让我们一起更好了解RedStone
    • Selected materials for learning RedStone
    • How to earn RSG points in a correct way
    • Places to Check data & facts on RedStone
    • Let's try to know how to run a RedStone Node
    • Getting Started with RedStone X
    • Getting Started with Redstone Core
    • Getting Started with Redstone Classic
    • 2 quick ways to check your RSG points
    • 两种快速查询RSG积分的方法
    • RedStone再质押报告核心观点导读
  • Articles
    • Liquid Staking Unveiled: A Simple Guide:TL;DR for RedStone's LstFi report
    • TL;DR for RedStone's great 2023 Market Overview on Stablecoins
    • The Emergence of Real World Assets in DeFi
    • Introducing RedStone's New Tokenomics Model for Data Sharing
    • RedStone's other parts:aggregation & safety and others
    • The Pillars of RedStone's Data Ecosystem
    • RedStone - A Short intro to the New Era of Oracles for Modern DeFi
    • RedStone: Innovating DeFi Data Flow Through Modular Design
    • TL;DR for RedStone Miners Ambassador Program
    • An interesting short Case Study:RedStone Integrates with Venus Protocol
    • An interesting short Case Study-2:RedStone Integrates with Lido
    • An interesting short Case Study-3:RedStone Integrates with Fuel to Unlock New DeFi Capabilities
    • An interesting short Case Study-4:RedStone Integrates withFortifies Premia Blue
    • An interesting short Case Study-5:RedStone Integrates Angle
    • An interesting short Case Study-6:CIAN Transforms Automation with RedStone Oracles Integration
    • An interesting short Case Study 7:RedStone Oracles ✖️ Avalanche Evergreen & Spruce Testnet
    • An interesting short Case Study-8:RedStone Oracles & Vesta Finance's
    • An interesting short Case Study-9:RedStone Oracles X Voltz
    • An interesting short Case Study-10:RedStone Oracles X Mento
    • An interesting short Case Study-11:RedStone Oracles X Yield Yak
    • RedStone X StakeWise Case Study: A Simplified Overview
    • Why did Google report wrong pice-A simplified explanation for non-tech readers
    • RedStone X Ton: An interesting short Case Study-12
    • RedStone X Manta: An interesting Short Case Study 14
    • A quick case study for how Oracle Projects(RedStone) integrates with DeFi projects
    • TL:DR for RedStone's Restaking Reports
    • A tale of two RedStones-Coexist Confirmed
    • RedStone X zkLink:A quick case study
    • RedStone X Ether.fi: A case to explore
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  • RedStone?What?
  • How Current Oracles let you down :
  • RedStone's Solutions:
  • Modular Design for Flexibility:
  1. Articles

RedStone - A Short intro to the New Era of Oracles for Modern DeFi

(This article was originally published on my personal blog:https://chainguys.github.io/)

PreviousThe Pillars of RedStone's Data EcosystemNextRedStone: Innovating DeFi Data Flow Through Modular Design

Last updated 1 year ago

RedStone?What?

RedStone is an innovative new Oracle system designed to meet the evolving data needs of decentralized finance (DeFi) protocols and dApps on multiple layer 1 and layer 2 networks.

How Current Oracles let you down :

Existing Oracle solutions have some key limitations that RedStone aims to solve:- Pushing data on-chain continuously wastes resources if the data is unused.

  • Monolithic architecture makes it difficult to scale up listed assets or reduce latency.

  • Protocols can't fully control trusted data sources and update frequencies.

  • Users depend completely on relayers and risk being cut off.

RedStone's Solutions:

RedStone provides a radically new Oracle architecture tailored for modern DeFi:- Avoid mandatory continuous on-chain delivery.

  • Enable users to self-deliver signed Oracle data on-chain.

  • Leverage the decentralized Streamr network to deliver signed data to users.

  • Use token incentives to motivate reliable data feeds from providers.

  • Archive immutable Oracle data on Arweave for accountability.

Modular Design for Flexibility:

RedStone uses a modular approach where data is stored off-chain and only fetched when needed. This allows broad asset coverage and high update frequency without bloating on-chain data.3 Integration Options: Based on smart contract needs, RedStone offers:

  • RedStone Core - injects data into user transactions for efficiency.

  • RedStone Classic - pushes data via relayer for control.

  • RedStone X - eliminates front-running risks for derivatives.Conclusion:

With its innovative architecture, RedStone unlocks the next evolution of customizable, reliable, and efficient Oracle solutions tailored for the future of DeFi.