RedStone Oracles

RedStone is excited to announce a $15M Series A Round led by Arrington Capital 🎉 The funds will be used to hire technical talents, focusing on Central Eastern Europe. Since the last round, RedStone has grown its Total Value Secured (TVS) from $250 million to over $4 billion, expanded to over 60 chains, and served over 100 clients including Pendle, Morpho and Venus. We are hiring 📣 If you want to work at the forefront of innovation with a serious dose of ownership and influence on the already developed and unique product, RedStone could be the right place for you. Check our open positions in the comments section 👇 Thank you SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos Capital, Christian Angermayer's Samara Asset Group, HTX Ventures and other investors that trusted us 🤝

RedStone is working with Monad Labs providing price feeds from day 1 of their testnet. What is Monad? Monad is a decentralized, developer-forward Layer 1 smart contract platform that relies on pipelined execution of Ethereum transactions. RedStone will support Monad through our Push and Pull models, which allow dApps built on top of Monad to receive data feeds on demand, or at a fixed update interval. We are excited to see the Monad ecosystem develop!

We are thrilled to be supporting ETH Warsaw, an incredible blockchain event! Discover the Polish blockchain ecosystem on September 5th-8th, 2024 🇵🇱.

RedStone is the oracle for builders, by builders. We offer data feeds for more than 1000 assets across more than 50 chains through three different models, making data accessible for a wide variety of dApps. As the fastest-growing oracle of 2024, we look forward to continuing to support the builders of tomorrow. We also specialize in providing LRT and LST price feeds. If you are a builder needing a data feed, we’d be happy to help!

Here at RedStone, we support several great DeFi projects. DeltaPrime is one example of this. 💡What is DeltaPrime? DeltaPrime is the first Avalanche-native protocol offering undercollateralized DeFi loans in a trustless manner. DeltaPrime’s business model relies on accurate, real-time evaluation of borrower portfolios, offering a wide range of assets. 🌟 How Does RedStone Support DeltaPrime? RedStone provides an oracle service for DeltaPrime through using our Core Model which… 👉 Guarantees 10 second latency (almost real-time tracking of the value of deposited collateral) 👉 Delivers the price data for ~40 tokens allowing unique combinations of positions and the ability to earn higher yields on less popular and liquid assets. 👉 An affordable approach to maintain oracle services as gas fees are only collected when the data is used to process a transaction on-chain. We are proud to support some of the most innovative projects in the industry!

RedStone continues to support hundreds of dApps across DeFi. Venus protocol is one great example of this. 💡 What is Venus? Venus is a DeFi lending platform that works as an algorithmic money market making the lending process permissionless. 🤔 How RedStone Works with Venus Our team had a technical discussion with the Venus team to understand their needs and preferred configuration. It was decided to implement The RedStone Classic Model which was compatible with Venus’s oracle interface, requiring no code logic changes. RedStone provides multiple data feeds with the following advantages... 1. Venus can customize parameters of updated heartbeat and deviation threshold. 2. Full transparency in terms of chosen data sources and data aggregation methods. 3. RedStone takes care of end-to-end infrastructure maintenance and development. We are thrilled to continue working with Venus as they continue to grow in the DeFi space.

Our friend over at Protagonist venture firm, Rakesh Gidwani, just released a great article about RedStone! What’s included in it? 👉 A summary of RedStone’s Core, Classic, and X models. 👉 A look at why RedStone is suited to provide data feeds for innovative liquid staking projects. Check out the article to learn more about what RedStone Oracles has to offer! https://lnkd.in/dTemttHw

We are happy to share that RedStone now provides its data feeds for Yei Finance! What is Yei Finance❓ YeiFinance is a decentralized, non-custodial money market protocol on the Sei Network. It offers flexible financial solutions, such as asset deposits for passive income and borrowing through overcollateralized loans. Key Features of Yei Finance 👇 - Their E-mode boosts capital efficiency when collateral and borrowed assets have strong price correlation (e.g., USDC/USDT). - Flash Loans. - Isolation Mode creates pools with specific asset collections and tailored risk management. How Does RedStone Support Yei Finance? RedStone provides accurate and gas-optimized feeds for collateral, effective loan management, and timely liquidations. This is done through our Classic (Push) Model available to the Sei Network. RedStone provides $BTC, $ETH, $USDC, and $USDT price feeds. We are proud to support DeFi services like Yei across the entire blockchain ecosystem, both EVM and non-EVM alike! #RedStoneOracles #YeiFinance #Blockchain #DeFi

♦️ Tech Talent Needed ♦️ RedStone is growing fast. We need remarkable engineers to keep up with the number of clients. We strongly believe in the CEE tech talent. Currently, 100% of the dev team is based in Poland. Join us on this exciting journey. Who are we looking for? 👉🏻 Senior Backend Engineer 👉🏻 DevOps Engineer 👉🏻 Designer What do we offer? 💰 Attractive salary (adequate to skills and experience) + token allocation  💻 Stability for at least a few years (we’ve recently closed our Series A) 🏡 Remote work with a flexible work schedule 💼 Office space / Co-working subscription Find links to the job offers in the comments 👇🏻

❗️RedStone is hiring across Biz Dev and Marketing roles❗️ This is an opportunity to join a rapidly growing company and work closely with some of the brightest teams in the Web3 industry such as Pendle, Morpho Labs, Ethena Labs, ether.fi and 70+ more. We're a nimble team, each member having super high responsibility and impact. Our hockey stick growth this year confirms product market fit and now we need you to keep pace with customers needing our product. The path to becoming the most used Oracle in the industry is clear and we need A-class players to ensure we keep following that direction.  On top of that, RedStone is the only major Oracle provider without a token launched yet. It's a unique opportunity to join our team. More info 👉🏻 https://lnkd.in/dqQe3eaJ