RedStone has introduced a strategic partnership with World Chain to supply oracle assist as its RED token debuted for pre-market buying and selling on Binance Launchpool and Bitget Pre Market.
Redstone (RED), a modular blockchain oracle supplier, simply introduced that it’ll present Phrase Chain with oracle assist. This may guarantee sensible contracts on World Chain can entry correct worth feeds, market knowledge, and different info wanted for DeFi apps on World Chain (WLD).
RedStone and @worldcoin be a part of forces to carry dependable oracles to World Chain.
Our oracles are actually empowering human-first DeFi with the highest-quality knowledge in the marketplace. pic.twitter.com/LJfJAjAmlI
— RedStone Oracles ♦️ (@redstone_defi) February 28, 2025
Based in 2020, RedStone is a blockchain oracle that gives real-world knowledge to sensible contracts, much like Chainlink (LINK) and Pyth Community (PYTH). Nonetheless, RedStone has a modular design, which permits for sooner integration with new blockchain networks. An instance of its modular benefit is its integration with The Open Community (TON) blockchain, the place RedStone grew to become the primary and solely oracle after a four-month integration effort. RedStone was additionally the primary oracle to tasks like Ether.Fi and Renzo through the rise of liquid restaking tokens.
Moreover, RedStone makes use of pull-based mannequin for knowledge entry, in contrast to conventional oracles that continually ship knowledge to the blockchain, which is gradual and expensive. Within the pull-based system, sensible contracts request solely the precise knowledge they want after they want it, serving to to decrease prices and scale back community congestion.
As of now, RedStone ranks because the fourth-largest blockchain oracle, supporting 62 protocols (together with Ethereum and Base) and roughly $6.5 billion in worth, based on DefiLama. As of Feb., it additionally helps the just lately launched challenge Berachain.
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Supply: DefiLama
Along with including assist for World Chain, RedStone just lately launched its token RED on Binance Launchpool and Bitget Pre Market. Whereas Binance limits participation as a consequence of regional restrictions, Bitget Pre Market gives unrestricted entry, letting anybody commerce RED early. It has additionally been listed on MEXC, with deposits already opened and buying and selling starting as soon as liquidity necessities are met.
RED’s tokenomics is designed to foster progress and engagement throughout its ecosystem. 10% % is devoted to neighborhood rewards, together with airdrops and early claims, whereas one other 10% % helps analysis and improvement. Core contributors obtain 20% of the tokens, topic to a vesting schedule. 4% is allotted for collaboration with Binance to enhance accessibility to RED tokens. To stimulate ecosystem progress, 24.3% is designated for knowledge suppliers, whereas early supporters obtain the biggest share at 31.7%, additionally ruled by a vesting schedule to keep up market stability.
Supply: RedStone Weblog
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