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TL;DR RedStone launched its ‘Miners' program, a quarterly initiative that organizes and rewards the most active community members. The system includes three levels of participation with scalable benefits, ranging from community access to monthly compensation. Users must join thematic cohorts such as development, social media, or visual content.
The first campaign will be run in collaboration with oracle provider RedStone, which is allocating nearly $6 million RED tokens to the initiative.
RedStone has expanded its support for Ethena Labs' stablecoins USDe and sUSDe to the BNB Chain, triggering a 14% price surge.
RedStone, a blockchain oracle provider, has introduced a push-based oracle on MegaETH to tackle latency issues that challenge the efficiency of onchain trading.According to a spokesperson for RedStone, the new oracle can push new prices onchain every 2.4 milliseconds. Initially debuting on MegaETH, an Ethereum layer-2 network, the product may be rolled out to additional chains in the future.
TL;DR RedStone has deployed Bolt, an ultra-fast “push” oracle, on the MegaETH testnet, capable of delivering on-chain price updates every 2.4 milliseconds, an unprecedented speed. MegaETH, a “monolithic” scalability solution for Ethereum, has already reached 20,000 transactions per second (TPS) and aims to scale up to 100,000 TPS.
RedStone has launched a new oracle service called RedStone Bolt, designed to provide near-instant price updates to decentralized applications.
RedStone says Etheruem Layer 2 MegaETH is the only network currently able to support its ultra-fast oracle, dubbed Bolt.
HyperLend has integrated RedStone's modular oracle protocol to ensure secure and reliable price feeds for its lending operations. Modular oracle protocol RedStone (RED) now powers HyperLend, the first lending platform built on Hyperliquid (HYPE) Ethereum Virtual Machine.
RedStone has erased all of its recent gains from the last major update, entering a period of consolidation as the market awaits the next catalyst. RedStone (RED) has dropped to $0.
Bithumb has announced the launch of KRW trading pairs for RED and NIL, triggering sharp price swings for the tokens.
RedStone denies partnership rumors with Web3Port and Whisper, citing market integrity concerns amid controversies over trading manipulation, while its token RED surges 74% monthly despite false claims. The post DeFi Platform RedStone Denies Partnership Rumors with Web3Port and Whisper appeared first on Cryptonews.
The modular DeFi oracle RedStone has denied circulating rumors of partnering with web3 acceleration platform Web3Port and market maker Whisper.
Redstone (RED) has experienced a volatile week, climbing 25% over the past seven days despite pulling back 20% in the last three days.
RedStone token continued rising on Saturday, continuing a trend that happened when it bottomed at $0.4195 earlier this month. RedStone (RED) price rose to a high of $0.7545, its highest level since March 7.
TL;DR Securitize and RedStone have formed a partnership to facilitate the integration of real-world assets (RWAs) into DeFi platforms. The global securities market, estimated at $300 trillion, offers great growth potential for the on-chain economy. RedStone will provide real-time price data for Securitize's tokenized assets, improving the transparency and stability of the funds.
RedStone (RED) has shot up a massive 25% in the past 24 hours amid five major announcements in one day.
After weathering a post-airdrop slump, the RedStone coin price has staged an impressive recovery, captivating the cryptocurrency market with its upward trajectory. The RED cryptocurrency, native to the RedStone Oracle network, has surged in value, with CoinMarketCap data showing that the token witnessed a remarkable 28.77% earlier today to reach an intraday high of $0.6704.
Redstone's native token RED is pumping after a series of developments in a single day. RedStone (RED) price has surged by 18% in the past 24 hours, trading at $0.
Securitize has chosen RedStone as its primary oracle provider. Notably, Securitize collaborates with Apollo, BlackRock, Hamilton Lane, and KKR, to tokenize institutional-grade assets. The post RedStone Selected as Official Blockchain Oracle for Securitize's RWA Expansion with BlackRock appeared first on Cryptonews.
Integrating an oracle would make it easier to bridge Apollo, BlackRock, Hamilton Lane and KKR's onchain funds into DeFi.
Real-world asset (RWA) tokenization company Securitize has selected RedStone as the primary oracle provider for its tokenized products, which include BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and the Apollo Diversified Credit Securitize Fund (ACRED).According to a March 12 announcement, RedStone will deliver price feeds for current and future tokenized products offered by Securitize. As a DeFi-focused oracle provider, RedStone will purportedly expand the use cases of BUIDL and ACRED into money market exchanges and collateralized DeFi platforms, Securitize said.
Oracles play a fundamental role in the blockchain ecosystem, providing highly valuable external data to smart contracts. However, current solutions have serious limitations in terms of scalability, update speed, and compatibility with multiple networks.
RedStone, a blockchain oracle provider backed by Arrington Capital, announced on Thursday the launch of its native token, $RED, on the Ethereum network. The post Arrington Capital-Backed RedStone Launches RED Token on Ethereum appeared first on Cryptonews.
RedStone (RED) was still listed on Binance, despite the confusion around the airdrop token allocation. Soon after the trading started, RED lost 10% of its price as early recipients sold rapidly.
