Redstone Partners with World Chain for Oracle Support and RED Token Debuts on Binance Launchpool and Bitget Pre Market

RedStone has partnered with World Chain to provide oracle support for its smart contracts, ensuring access to accurate price feeds, market data, and other information. The RED token debuted for pre-market trading on Binance Launchpool and Bitget Pre Market. RedStone is a modular blockchain oracle that provides real-world data to smart contracts, with a pull-based model for data access that helps lower costs and reduce network congestion.

The decentralized finance (DeFi) sector is experiencing rapid growth, with an increasing demand for reliable and accurate price feeds. Recognizing this need, DeFi oracle RedStone Oracles has recently partnered with World Chain, a Layer 2 blockchain platform built using the OP Stack [1]. This collaboration aims to provide users with access to over 1250 price feeds, enhancing the scalability and reliability of the DeFi ecosystem.

RedStone Oracles is a modular blockchain oracle that specializes in providing real-world data to smart contracts [2]. Its pull-based model for data access helps lower costs and reduce network congestion, making it an ideal choice for the DeFi sector. By integrating with World Chain, RedStone Oracles can extend its reach and provide users with a comprehensive and reliable source of real-time market data.

The World Chain, launched by World Network (formerly Worldcoin), is a scalable and secure infrastructure for DeFi applications [1]. Its integration with RedStone Oracles is expected to enhance the platform's capabilities and attract more users to the ecosystem. This collaboration also highlights the potential for interoperability and collaboration between different blockchain platforms, which will be crucial for the DeFi industry's long-term success.

RedStone Oracles' extensive network of price feeds is well-positioned to meet the growing demand for reliable and accurate price data in the DeFi space. As the DeFi market continues to evolve, the need for robust and secure oracle services becomes increasingly important. RedStone Oracles, with its advanced pricing methodology and deep price discovery, is well-equipped to provide users with the accurate and reliable data they need to make informed decisions.

Moreover, RedStone Oracles' integration with World Chain is not limited to price feeds. Its modular design allows it to support a wide range of use cases, including lending, perpetual, restaking, and BTC staking [2]. This versatility makes RedStone Oracles an indispensable tool for the DeFi ecosystem, enabling developers to build secure and decentralized applications without limitations.

In conclusion, the partnership between RedStone Oracles and World Chain is a significant development in the DeFi space. By providing users with access to over 1250 price feeds, this collaboration enhances the scalability and reliability of the DeFi ecosystem. Moreover, the potential for interoperability and collaboration between different blockchain platforms highlights the exciting possibilities for the future of the DeFi industry.

References:
[1] Ainvest. (2023, February 25). DeFi boost: Redstone oracles joins World Chain, unlocking 1250 price feeds. https://www.ainvest.com/news/defi-boost-redstone-oracles-joins-world-chain-unlocking-1250-price-feeds-2502/
[2] RedStone Finance. (n.d.). Expedition: The game-changer for cross-chain DeFi. https://www.redstone.finance/