Buy & Swap RedStone (RED)

Why blockchains need oracles

RedStone's token page explains its job plainly. Blockchains need real-time information from the outside world, such as the price of Bitcoin or the value of a tokenized asset. RedStone delivers that data instantly and reliably.

It is blunt about why that matters: without blockchain oracles, DeFi simply doesn't work. Every time someone uses a lending market, they rely on a secure data stream. For tokenized assets, figures such as net asset value and proof of reserves also depend on trusted feeds.

RedStone was founded in April 2021. Its stated mission is to become the most widely used oracle network in DeFi.^{[1], [2]}

One oracle, many chains

The homepage headline is one oracle, every blockchain. RedStone says it supports 110+ chains with Pull, Push and X-Layer delivery models, all with cryptographic guarantees, and covers 1,300+ assets for 200+ clients.

Its product list goes beyond price feeds: proof of reserve for cross-chain and real-world assets; Atom, which it describes as resistant to value extraction by bots; Bolt for sub-second push updates; RedStone Live for real-time monitoring; and RedStone Settle for same-day settlement with real-world asset collateral.

Atom deserves a note. RedStone says it stops bots from extracting value from price updates and returns that value to the protocols that create it — turning a common leak into something protocols keep.^{[3], [4], [5]}

Security and institutions

The homepage reports total value secured of about $9.12 billion at the time of reading, and says the code has been audited 15 times by firms including Halborn, PeckShield, ABDK and Cantina. RedStone also lists ISO 27001 certification and runs a bug bounty programme.

Institutional work features heavily. Its news section highlights coverage of RedStone working with Securitize on oracles for tokenized funds, including BlackRock's BUIDL, and of the Canton network tapping RedStone for DeFi access.

Named backers on the homepage include Aave founder Stani Kulechov, Polygon co-founder Sandeep Nailwal and Ava Labs founder Emin Gün Sirer.^{[6], [7], [8]}

Where RED fits

RedStone's navigation lists the $RED token under governance and staking, and the token page calls it the data bedrock of the new financial system.

The page explains that RED is at the core of the ecosystem: it opens new possibilities for deeper security and decentralisation within the RedStone network while establishing a unit of incentivisation for participants.

The documentation says data providers and RED holders can stake through RedStone's EigenLayer service, adding an economic penalty behind the oracle's promises. Rewards paid by data users can include ETH, BTC, SOL and USDC. That makes RED's role less about paying for each individual data request and more about aligning the people who supply and secure the network.

RED has a documented maximum supply of one billion tokens. RedStone says 72% was initially locked with releases spread over four years; the allocations cover community and genesis participants, protocol development, contributors, the ecosystem and data providers, early backers, liquidity and a launch-pool programme. RedStone also publishes a MiCA white paper linked from its footer.^{[9], [10], [11], [12], [13]}

Supply and staking mechanics

The official documentation describes RED staking and the assets that may fund rewards, but it does not promise a fixed staking rate. The future reward rate and the amount staked at any moment are therefore UNKNOWN rather than projected here.^[9]