RedStone has introduced a strategic partnership with World Chain to supply oracle help 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’s going to present Phrase Chain with oracle help. This may guarantee sensible contracts on World Chain can entry correct worth feeds, market information, and different info wanted for DeFi apps on World Chain (WLD).
RedStone and @worldcoin be part of forces to carry dependable oracles to World Chain.
Our oracles at the moment are empowering human-first DeFi with the highest-quality information 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 information to sensible contracts, just like Chainlink (LINK) and Pyth Community (PYTH). Nevertheless, RedStone has a modular design, which permits for quicker integration with new blockchain networks. An instance of its modular benefit is its integration with The Open Community (TON) blockchain, the place RedStone turned the primary and solely oracle after a four-month integration effort. RedStone was additionally the primary oracle to tasks like Ether.Fi and Renzo in the course of the rise of liquid restaking tokens.
Moreover, RedStone makes use of pull-based mannequin for information entry, not like conventional oracles that continually ship information to the blockchain, which is sluggish and expensive. Within the pull-based system, sensible contracts request solely the precise information they want after they want it, serving to to decrease prices and cut 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, in accordance with DefiLama. As of Feb., it additionally helps the just lately launched challenge Berachain.
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Supply: DefiLama
Along with including help for World Chain, RedStone just lately launched its token RED on Binance Launchpool and Bitget Pre Market. Whereas Binance limits participation as a result 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 development and engagement throughout its ecosystem. 10% % is devoted to group 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 development, 24.3% is designated for information suppliers, whereas early supporters obtain the most important share at 31.7%, additionally ruled by a vesting schedule to take care of market stability.
Supply: RedStone Weblog
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