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RedStone is a modular oracle specializing in yield-bearing collateral for lending markets that can be rapidly deployed to meet market needs, particularly in new segments such as liquid staking and liquid restaking. Partners benefit from exclusive data feeds that enable them to develop innovative DeFi primitives utilizing prices of the underlying assets. The infrastructure is designed to support over 1000 different use cases and assets, offering assets and solutions that are future-proof and tailored to diverse needs. Currently, RedStone is operating across more than 50 chains and can be made available for all rollups. Known for delivering exclusive, in-demand assets, RedStone has emerged as the fastest-growing oracle in the market, trusted by leading projects such as Morpho, Venus, Etherfi, and Pendle.
Modular design, or modularity in design, is a design principle that subdivides a system into smaller parts called modules (such as modular process skids), which can be independently created, modified, replaced, or exchanged with other modules or between different systems.
In its core principle, if we vulgarize modular design, we could see it as a method of separating a whole system into different parts, that are tinier and can function on their own, but finally group themselves by benefiting from each other's and form a whole network.
Modularity can be applied to blockchains, dApps as well, or any digital infrastructure. These days, an application is rarely running on its own as it needs data from outside its core, and that’s the main problem that blockchains are facing: they’re almost cut off from the internet by themselves. On-chain data will mostly contain data about all the transactions that have been made on the blockchain, but price feeds, and off-chain data, are inaccessible.
That’s where Oracles comes to the rescue: they offer the off-chain data, blockchains desperately need.
And RedStone Modular design goes in with one step further: offering multiple flexible ways to be integrated into the blockchain, while also maintaining data integrity.
RedStone’s system is built with a highly modular design that includes multiple independent components, which can be easily swapped or added to enhance redundancy. This design promotes operational flexibility and specific use case optimization. This modular approach increases system reliability and allows for optimization specific to use cases, such as significantly improving gas efficiency.
Oracles can have a strong limitation about the way data is handled. The application has to respect the criteria that are given to him, making the process less intuitive and slower than it should be. Furthermore, an Oracle that would be compromised would be terrible as data integrity wouldn’t be assured, and worse, the link to the applications severed. One answer could be to integrate multiple Oracles into the blockchains, assuring that not a single one of them is in charge of everything.
Not only RedStone offer different ways of integrations, but the way data is handled is optimized and given at a high frequency. They achieve this prowess by putting the data on what we call an “Availability layer”. This way, a large source of data is accessible, and broadcast permanently on a low-cost layer, thanks to the Streamr network we will explore in the last part of this article.
Not only that, RedStone is fetching data feed from multiple endpoints, having more than 50 sources integrated. That way, if one source goes down, RedStone will have access to all other sources that are still online.
Without this modular concept, RedStone wouldn’t be separated into so many different parts and layers. Data integrity could be in danger if the data is false / not fetched correctly, and the speed it would be given would be greatly weakened. Answering the needs of security, speed, and cost storage, the modular concept was crucial in the conception of RedStone.
To resume, RedStone Oracle is modular because of these key facts :
Rather than forcing the blockchain to answer specific criteria given by RedStone, the blockchain can decide by itself when and how the price feed is fetched from Oracle. Not only does this make the process less painful, but it also answers to the needs of builders who want flexibility, while keeping data that’s clean
RedStone is broadcasting the data at light speed, answering the need of dAaps that needs data to be fetched instantly and as accurately as possible. Some dAaps required transactions to be fast
The decentralized Streamr network offers a thousand nodes that can work by themselves. All of them can’t go down at the same time as they are present in multiple parts of the world
The data is accessible from all the dApps, blockchains, and applications that have RedStone integrated at the same time
RedStone’s commitment to fostering a thriving developer community is reflected in its modular design. By providing user-friendly tools, documentation, and support, RedStone ensures that developers, regardless of their experience level, can harness the full potential of the modular Oracle system. This democratization of access is fundamental to RedStone’s mission of driving innovation in the decentralized space.
As the blockchain and DeFi landscapes continue to evolve, so does RedStone’s modular design. The modular approach isn’t just a static feature but a dynamic framework that evolves in tandem with the ever-changing demands of the decentralized ecosystem. RedStone’s modular design sets the stage for continuous improvement, adaptation, and staying ahead of the curve.
In conclusion, RedStone’s modular design stands as a beacon of innovation in the oracle space. By embracing modularity, RedStone has unlocked a new era of possibilities, offering a customizable, scalable, and interoperable solution for the decentralized future. As blockchain technology advances, RedStone’s modular design ensures that it remains at the forefront, driving the evolution of oracles and empowering developers to build the next generation of decentralized protocols.
This article serves merely as an introduction to the three main ways to integrate RedStone. For more information on these integration options, please refer to the official RedStone documentation.
RedStone is a modular oracle specializing in yield-bearing collateral for lending markets that can be rapidly deployed to meet market needs, particularly in new segments such as liquid staking and liquid restaking. Partners benefit from exclusive data feeds that enable them to develop innovative DeFi primitives utilizing prices of the underlying assets. The infrastructure is designed to support over 1000 different use cases and assets, offering assets and solutions that are future-proof and tailored to diverse needs. Currently, RedStone is operating across more than 50 chains and can be made available for all rollups. Known for delivering exclusive, in-demand assets, RedStone has emerged as the fastest-growing oracle in the market, trusted by leading projects such as Morpho, Venus, Etherfi, and Pendle.
Modular design, or modularity in design, is a design principle that subdivides a system into smaller parts called modules (such as modular process skids), which can be independently created, modified, replaced, or exchanged with other modules or between different systems.
In its core principle, if we vulgarize modular design, we could see it as a method of separating a whole system into different parts, that are tinier and can function on their own, but finally group themselves by benefiting from each other's and form a whole network.
Modularity can be applied to blockchains, dApps as well, or any digital infrastructure. These days, an application is rarely running on its own as it needs data from outside its core, and that’s the main problem that blockchains are facing: they’re almost cut off from the internet by themselves. On-chain data will mostly contain data about all the transactions that have been made on the blockchain, but price feeds, and off-chain data, are inaccessible.
That’s where Oracles comes to the rescue: they offer the off-chain data, blockchains desperately need.
And RedStone Modular design goes in with one step further: offering multiple flexible ways to be integrated into the blockchain, while also maintaining data integrity.
RedStone’s system is built with a highly modular design that includes multiple independent components, which can be easily swapped or added to enhance redundancy. This design promotes operational flexibility and specific use case optimization. This modular approach increases system reliability and allows for optimization specific to use cases, such as significantly improving gas efficiency.
Oracles can have a strong limitation about the way data is handled. The application has to respect the criteria that are given to him, making the process less intuitive and slower than it should be. Furthermore, an Oracle that would be compromised would be terrible as data integrity wouldn’t be assured, and worse, the link to the applications severed. One answer could be to integrate multiple Oracles into the blockchains, assuring that not a single one of them is in charge of everything.
Not only RedStone offer different ways of integrations, but the way data is handled is optimized and given at a high frequency. They achieve this prowess by putting the data on what we call an “Availability layer”. This way, a large source of data is accessible, and broadcast permanently on a low-cost layer, thanks to the Streamr network we will explore in the last part of this article.
Not only that, RedStone is fetching data feed from multiple endpoints, having more than 50 sources integrated. That way, if one source goes down, RedStone will have access to all other sources that are still online.
Without this modular concept, RedStone wouldn’t be separated into so many different parts and layers. Data integrity could be in danger if the data is false / not fetched correctly, and the speed it would be given would be greatly weakened. Answering the needs of security, speed, and cost storage, the modular concept was crucial in the conception of RedStone.
To resume, RedStone Oracle is modular because of these key facts :
Rather than forcing the blockchain to answer specific criteria given by RedStone, the blockchain can decide by itself when and how the price feed is fetched from Oracle. Not only does this make the process less painful, but it also answers to the needs of builders who want flexibility, while keeping data that’s clean
RedStone is broadcasting the data at light speed, answering the need of dAaps that needs data to be fetched instantly and as accurately as possible. Some dAaps required transactions to be fast
The decentralized Streamr network offers a thousand nodes that can work by themselves. All of them can’t go down at the same time as they are present in multiple parts of the world
The data is accessible from all the dApps, blockchains, and applications that have RedStone integrated at the same time
RedStone’s commitment to fostering a thriving developer community is reflected in its modular design. By providing user-friendly tools, documentation, and support, RedStone ensures that developers, regardless of their experience level, can harness the full potential of the modular Oracle system. This democratization of access is fundamental to RedStone’s mission of driving innovation in the decentralized space.
As the blockchain and DeFi landscapes continue to evolve, so does RedStone’s modular design. The modular approach isn’t just a static feature but a dynamic framework that evolves in tandem with the ever-changing demands of the decentralized ecosystem. RedStone’s modular design sets the stage for continuous improvement, adaptation, and staying ahead of the curve.
In conclusion, RedStone’s modular design stands as a beacon of innovation in the oracle space. By embracing modularity, RedStone has unlocked a new era of possibilities, offering a customizable, scalable, and interoperable solution for the decentralized future. As blockchain technology advances, RedStone’s modular design ensures that it remains at the forefront, driving the evolution of oracles and empowering developers to build the next generation of decentralized protocols.
This article serves merely as an introduction to the three main ways to integrate RedStone. For more information on these integration options, please refer to the official RedStone documentation.
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