Oracles are intermediaries that bridge the gap between blockchains and the real world. They fetch data from various sources and deliver it to smart contracts in a secure and verifiable way. Oracles enable dApps to leverage the power of data and offer innovative services and products to their users.

However, not all oracles are created equal. Traditional oracles suffer from several limitations, such as:

• Dependence on a single data source, which can be inaccurate, outdated, or manipulated.

• High latency and gas costs, which affect the performance and profitability of dApps.

• Incompatibility with emerging blockchain technologies, such as zero-knowledge proofs and layer-2 solutions.

• Lack of customization and flexibility, which limit the potential of dApps to access diverse and complex data.

These challenges call for a new generation of oracles that can overcome the shortcomings of the existing solutions and provide dApps with the data they need in a fast, cost-efficient, and versatile way. This is the vision of RedStone, a modular oracle network that offers data feeds to dApps and smart contracts on multiple L1s and L2s.

What is Redstone?

RedStone Finance is a oracle just like the “The Graph”, “Pyth” or “ChainLink”, but not really. RedStone has clearly analyzed the needs of DeFi and how important oracles is for the proper function of any dApp who relies on information from outside the blockchain. ChainLink for example is one of biggest oracles (or was), sure it has worked quite okey. But ChainLink is to centralized and price oracles can be tampered with from the inside, even doh that possibility is small it’s there.

With RedStone is that security risk smaller as there will be many “node provider” with will serve as “data feed providers”, that aggregates “data” from several sources and provide a signed data package of the medium value or the aggregated data from the different sources, making sure to provide packages with the newest data from several sources, then the median value of those. Providing so close a correct price you can on a certain asset.

RedStone features other cool functions not provided by any other oracle as you also can decide how often the price should get updated, a parameter that’s set by other oracles and not changeable. But to the most exciting part the “modular” part. RedStone is first of it’s kind, this will both save money in the end for dApps themselves and end-users in the end, as these two goes quite hand-in-hand. The easiest way to provide information on-chain is just basically to put it into storage but storage is expensive.

For those who don’t know so can smart-contract both contain temporary/arbitrary data needed for a specific operation and if it’s no longer needed it’s not stored in storage. You only store the necessary variables and data needed to be stored for later on the smart-contract, this to save GAS. As storing data in storage is much more expensive and on some chains the transaction fee’s (GAS) is already high enough. So this is a tactic to save the protocol and end-users GAS expansive. But RedStone is providing another awesome solution, making smart-contract able to fetch real-time data directly from the data availability layer used, so as soon a smart-contract need some pricing on some token for a swap for example it can directly pick this up from DA-layer. This is what’s makes it truly modular as it can fit into nearly any dApp, as long it has a DA-layer.

Rolling back a bit…to the Nodes witch anyone can run!

RedStone’s Features and Product RedStone offers several features and products that make it stand out from other oracle solutions. Some of the main ones are:

• RedStone Data: RedStone provides data feeds for various assets, such as cryptocurrencies, stocks, commodities, forex, indices, etc. RedStone also delivers non-standard data, such as volatility, order books, trading volumes, etc. RedStone data is updated frequently and reliably, with a full historic audit trail available on Arweave.

• RedStone Core: RedStone Core is a pull-based oracle model that offers the lowest gas costs and a few seconds of latency. In this model, dApp users deliver signed data packages on demand to the destination chain. RedStone Core is ideal for dApps that do not require frequent data updates or high security guarantees.

• RedStone Classic: RedStone Classic is a push-based oracle model that is compatible with traditional oracles. In this model, dApp developers have full control over the data source and update conditions, such as heartbeat and deviation threshold. RedStone Classic is suitable for dApps that require regular data updates and moderate security guarantees.

• RedStone X: RedStone X is a zero-latency oracle model that is front-running proof and tailored for sophisticated protocols, such as perpetuals and options. In this model, dApp users submit their orders along with the signed data packages, which are then executed atomically on the destination chain. RedStone X is designed for dApps that require instant data updates and high security guarantees.

RedStone Modular Design & 3 Ways to Integrate RedStone’s modular design allows dApp developers to choose the data consumption model that fits best to their needs and preferences. RedStone offers three ways to integrate its oracle services:

• RedStone API: RedStone API is the easiest and most convenient way to integrate RedStone data feeds into any dApp or smart contract. RedStone API provides a simple and user-friendly interface that allows developers to access data from various sources and networks with a few lines of code. RedStone API also supports webhooks and callbacks for data delivery and verification.

• RedStone SDK: RedStone SDK is a more advanced and flexible way to integrate RedStone data feeds into any dApp or smart contract. RedStone SDK provides a comprehensive and customizable toolkit that allows developers to access data from various sources and networks with more control and functionality. RedStone SDK also supports custom data feeds and data aggregation for complex use cases.

• RedStone CLI: RedStone CLI is the most powerful and versatile way to integrate RedStone data feeds into any dApp or smart contract. RedStone CLI provides a command-line interface that allows developers to access data from various sources and networks with full customization and optimization. RedStone CLI also supports data encryption and decryption, data compression and decompression, data signing and verification, and more.

The Data & Sources

So were is all this aggregated data coming from?, well from several sources. RedStone has of now 162 different sources it aggregates data (eg, prices of tokens, liquidity and such). This is sources like CoingGecko, CoinMarketCap, Coinbase, ByBit, KuCoin, Kraken, Gate, Uniswap, OKX, Curve, Velodrome, Pancakeswap just to mention a few sources both decentralized and centralized ones.

As told before, the “nodes” aggregates that from several sources than take the median-value of them, this together with techniques like TWAP & LWAP to provide for example a price of a token more correctly and exactly. This is implemented with other safety measures to hinder outliers (if some source is providing a price of a token that’s way off from what the other sources provide). The signed packages from the nodes get inside the RedStone unpacked and uses cryptography to verify it’s correctness (timestamps, right format and origin it comes from), so several safety measures are provided to hinder any exploiting of oracles which we have seen in the past draining liquidity pools for example.

Oracles is one of the most important infrastructures in web3 and blockchain as a whole as outside data needs to be verified correctly and pushed into the blockchain and various protocols on it, so the security, decentralization, immutability and reliability of a oracle is critical for proper blockchain functionality that’s in need of outside data. Below do you see the payload(data) from the nodes into RedStones layer were they control the data provided thru different measures some described above.

Links:

Discord: 

https://discord.gg/6ptyWPSR

Twitter: https://twitter.com/redstone_defi

Website: https://redstone.finance/

Official resources:
site
twitter
discord
telegram
github
warpy

Many of my friends ask:

- What can be done right now to help the project and make yourself known in it?

Answer:

- RedStone Expedition

RedStone Expedition - an extraordinary quests-odyssey that invites adventurers to journey through a landscape rich with challenges, innovation and rewards at the end.

It’s spanning 3 immersive seasons, each lasting 2-3 months.

Season 0 is over.
That's what was interesting there.
Let's start over.
A bit of history:

RedStone Gems (RSG) are the most important part of the Expedition. They are activity points that are fully stored on the blockchain. Every part of a user’s transaction history, point calculations, and the verification of the RSG points system is securely kept on the Arweave blockchain using Warp Contracts SDK technology.

These gems are super important in the final stages of the Expedition. They are used as a universal way to measure how engaged participants are, and they help in giving out rewards fairly to users based on their involvement.

Earn RSG in a variety of ways:

• Engaging on the RedStone Discord server

• Participating in community campaigns, such as those involving Galxe

• Joining the RedStone Miners Ambassador Program

• Collaborating in on-chain activities with RedStone partners

• Creating valuable content centred around RedStone

• Actively participating in RedStone initiatives, both online and in real life (IRL)

In addition to earning points, you can get special boosts that will help you collect points even faster! These boosts are given for having certain roles on Discord, like Early Miner, Vein Master, GR-15, and others, or for owning specific NFTs related to the Expedition.

Boosts stack up and act like multipliers for the points you earn, allowing participants with boosts to collect RSG points more quickly. However, keep in mind that boosts don’t apply to all activities.

Dashboard: Your Personal Expedition Tracker

A special dashboard is available to help you keep track of your progress during the Expedition. You can log in using your Metamask wallet, and more wallet options will be added soon.

Once logged in, the dashboard shows your current RedStone Gems (RSG) status, recent points earned, and any active boosts you have. It’s the heart of the Expedition, acting as a central hub where you can find all important information.

Throughout the Expedition, there will be overall and seasonal rankings. Top participants will receive special rewards like NFTs and extra RSG points at the end of each stage.

Remember to connect your Discord account to earn points for being active on the RedStone server. You can do this easily with the help of the Warpy bot.

Warpy: Bridging Discord and Blockchain

Warpy is a part of the Warp Contracts project and helps track activity on the Discord server. To earn points for your Discord activities, you need to connect your EVM address to your account. If you don’t, your wallet won’t receive points. Here’s how to do it:

1. Join the RedStone server on Discord.

2. Find the channel named Warpy.

3. Connect your wallet by using the /linkwallet command.

By doing this, your activity on the server will be rewarded with RedStone Gems (RSG).

Season 1 is on right now!

What can I do?

First step

Zealy Sprint with amazing rewards:

1,000,000 RSG for TOP 1-3
500,000 RSG for TOP 4-10
250,000 RSG for TOP 11-50
100,000 RSG for TOP 51-100

**Second step
**
Week Best Content 🏆
Every new week comes a new opportunity.
Your can contribution about Redstone (articles, video, mems) in special channel #wbc in official discord.

**Third step
**
Galxe and partnersip campaigns

In past months it was tasks by Sommelier and LayerBank projects.

New quests coming…

Don`t forget look your results on special site warpy

The RedStone Expedition is not just an event - it’s your opportunity to dive into a world of innovation, challenges, and substantial rewards. Unlock rewards, enhance your blockchain knowledge, and be a part of something extraordinary.

Welcome!

Начну с того, что я небольшой фанат всего, что связано с торговлей плечом, фьючерсами и подобными механиками, но если где то на просторах Zealy или Layer3 появляются подобные задания, то приходится делать через силу.

В основном данная психологическая проблема появляется из-за нежелания играть в “угадай мелодию” и непонимания как работает площадка.

О Storm Trade на блокчейне TON я слышал давно и много, но пока не появилась совместная промо-компания с Magic Square знакомиться с ним особого желания не было.

Однако, платформа меня приятно удивила!

Давайте поговорим о плюсах и минусах протокола, зачем нам это всё и с чего, собственно начать.

Сайт:

https://app.storm.tg/?ref=4A9NrhWfqM

Основной документ:

https://docs.storm.tg/

1. Функционал.

На первый взгляд ничего необычного:

• в левом блоке выбираете рынок, с которым будете взаимодействовать (я попробовал NOT/USDT и TON/jUSDT)

• посередине сам график движения цены

• в правом блоке функции лонг-шорт, маркет-лимит-стоп маркет-стоп лимит, процент задействованных средств и само плечо

В принципе всё понятно, без каких-либо наворотов, которые по факту и не особо нужны подобной площадке.

Я открыл ордер на TON в связке с jUSDT (не путайте с классическим USDT, хотя он тоже есть)

Два момента, на которые стоит обратить внимание:

• площадка берёт комиссию в стейбле, поэтому клацать чисто для выполнения задания и сразу закрывать даст вам минус

• открытие-закрытие происходит не моментально! Всё-таки мы находимся на блокчейне, которому требуется время на проведение операции, поэтому обращайте внимание на данный нюанс. Потребуется от 30 секунд до 3 минут в зависимости от нагрузки или индексатора видимости (вот этот момент желательно ещё прояснить)

2. Бейджи

За взаимодействие с протоколом вы имеете право на получение различных ачивок, дающих некоторое количество RP (Real Points), по которым нас и будут вознаграждать в будущем токеном $STORM

Список бейджей:

• 1 торговая операция

• 1 активный реферал

• 1000 - 1 000 000 USD торгового объёма

• 100 USD - 90 000 USD предоставление ликвидности

Данная страница находится по ссылке в вашем профиле.

3. VAULTS

Эта функция мне морально подошла больше всего

Ликвидность на разные площадки я уже предоставлял, поэтому начал именно с неё. Заметьте, что вы можете не быть постоянно в плюсе, помимо комиссии есть ещё “непостоянные потери”, которые также необходимо учитывать. На графике указана статистика за один день.

4. Дополнительный функционал

4.1 Мост в TON из ETH и BNB

Пока рекомендовать не могу: долго, дорого, легче через биржу вывести напрямую или Rubic.

4.2 Торговые мероприятия

Вы можете поучаствовать в ежедневных турнирах по объёму/PNL и выиграть NFT протокола на IDO. На минуточку флор данных NFT уверенно держится в районе 200 TON. Для меня это был пряму вау-шок.

Есть спрос-есть предложение.

4.3 Рефералы

Да-да-да, куда же без них.

Для крупных пабликов или людей с большим количеством людей здесь есть отличный разгуляй с потенциальным заработком. Плюс в боте Storm Trade проходит реферальный конкурс, где вы можете выиграть их NFT.

5. Промо-компания с Magic Square

Два гиганта WEB3 индустрии нашего времени объединились, чтобы провести ROAD-TO-IDO CAMPAIGN, где вы можете выиграть часть призового фонда в 5 000 000 $STORM.

Что для этого необходимо сделать?

• Зарегистрироваться на портале Zealy и вступить в таск-борд по ссылке: https://zealy.io/cw/storm-trade-road-to-ido-magic-square/invite/wizHkmy9yKRbgi8L253di

• Зарегистрироваться на сайте https://magic.store/ и привязать свой TON кошелёк (рекомендую использовать Tonkeeper)

• Залогиниться на https://app.storm.tg/ и повзаимодействовать с площадкой через внесения средств в Vault и основным методом торговли с плечом. За каждое успешное действие вы будете зарабатывать RP (Realm Points), которые вам ещё пригодятся для получения airdrop

Давайте теперь поговорим более детально, что нужно делать, чтобы победить всех и войти в такой заветный TOP-участников

1. Промо-компания Zealy сочетает в себе как социальные квесты (ретвит, лайк, подписка, реферал, написание статей), так и квесты, направленные на непосредственное взаимодействие с самой площадкой Storm Trade (внесение ликвидности, количество заработанных поинтов при удачных сделках и крупных объёмов, кэшбек от рефералов. Чем больше бейджей вы соберете тем лучше.

2. Чем выше вы закрепитесь в лидерборде Zealy, тем большее количество токенов вы получите. Цена IDO $Storm – 0.012$. TGE: июнь 2024 года

3. По факту мы имеем возможно получить сразу несколько дропов + место в токенсейле:

• дроп от самой площадки Storm Trade за RP

• дроп за промо-компанию в Zealy

• аллокацию на лаунче от MagicSquare за стейкинг их токена $SQR + оформление подписки за на самой площадке + за полученную карма, над которой мы так усердно работали последний год.

Что делаю я?

Обладая средним бюджетом выполнил все минимальные задания по предоставлению ликвидности + торговле на площадке, пригласил несколько друзей, выполняю социалки и слежу каждый день за появлением новых заданий, таких как участие в AMA. Последний пункт особенно интересен, потому что не такое большое количество участников отслеживает данные активности, теряя заветные XP в лидерборде.

Почему я участвую в этом?

Magic Square действительно классная площадка, которая чётко отработала свой собственный airdrop, устояла при наплыве пользователей и доказала, что действительно работает для комьюнити. Не было ни багов, ни зависаний, всё очень слаженно и без нервов, как это обычно бывает. Делаю ставку на их лаунчпад и с нетерпением жду дебют.

Даже если вы не обладаете достаточным количество сбережений, чтобы выполнить все финансовые таски, всё равно крайне рекомендую прокачать как профиль на самом Magic Square, так и своё место в Zealy. Зачастую просто выполнение социальных, безденежных заданий приносит неплохую выгоду для лоубанков. Тем более с помощью функции Hot Offer, вы можете получать практически 20-30 SQR в неделю.

Всем удачи и легкого выполнения квестов!

Furthermore, token founders now can list tokens on the aggregator website. To achieve this, it is sufficient to complete the form on CoinGecko after receiving white-listing on DeDust.

Tokens such as $SCALE, $BOLT, $JETTON, $FCK, $LAVE, $MARGA, $TNX, $AMBR, and $KINGY issued by users have already successfully passed the verification process and are now available for viewing on the CoinGecko platform.

Recently, there have been a lot of people who want to list tokens of their projects on DeDust.

Since the very launch of DeDust, any user can create a pair with it and add liquidity. The project must meet several requirements to be displayed in the general list of assets.

Why is listing on DeDust so important?

DeDust is integrated with CoinMarketCap, and once some token lists on DEX, it'll have the opportunity to apply for CoinMarketCap.

List of requirements

1. A document describing the tokenomics of the project

2. A list of the largest holders of the token (> 5% of the issue).

3. The presence of a Telegram channel or Twitter account (without bots and cheat reactions)

4. A website (it will be needed for CoinMarketCap as well)

5. All the new tokens must support the TEP-89 (Jetton Wallet Discovery) standard. The old ones currently listed on DeDust should fix this situation for 2023 Q1 (we will provide technical support in migration).

6. The minimum amount of liquidity is 1000 TON in at least one pair with a token.

(C)

Sincerely, Scaleton Team.

Today, we are thrilled to present our community with an exclusive preview of TON Space – our non-custodial wallet within Telegram. The first group of developers is already putting its features to the test, and today, all of them have been granted access to NFT Collectibles, as we previously announced. The beta participants currently selected can enjoy the following features in TON Space:

🔹 Sending and receiving NFT Collectibles. 🔹 Viewing detailed information about NFT Collectibles. 🔹 Support for managing Telegram usernames and TON DNS names.

Please note that TON Space is currently in active development, and the final appearance of the application may undergo some changes before its public launch.

As we continue to receive an increasing number of applications, we're gradually granting access to more developers and crypto enthusiasts. Make sure you don't miss out on the chance to apply! (https://wallet.tg/ton) We expect the full release of TON Space will be ready for all Wallet users by the end of Q3 2023 👛

Introducing Inner Landscapes — a project that explores the human brain through the lens of science and art. To create the artworks, Yonk (Sarah McDaniel) used 3D brain scans and processed them using computer graphics tools. The result is five unique works reflecting the brain in various emotional states: sadness, creativity, arousal, adventure, and comfort.

Sarah's project embodies scientific accuracy and emotional depth. With her independent interpretations of the MRI data, the artist creates a detailed and nuanced representation of the human brain in its diverse states. In an era of rapid technological development, Yonk's creativity reminds us of the value of human's emotional aspect.

The works themselves will be revealed shortly before the start of the Focus Art Fair exhibition in New York on May 18th. For now, we invite you to learn more about the Inner Landscapes project on a separate promo page (https://ton.diamonds/p/inner-landscapes).

Presenting the first project by a well-known international artist on The Open Network is a huge step forward for the TON Diamonds (http://ton.diamonds/) auction house and for the entire TON Ecosystem. We are proud of this achievement and it’s a pleasure to collaborate with Yonk. We will reveal more details and information about more international artists in the near future — stay tuned.

The eagerly-awaited TON Diamonds (http://ton.diamonds/) exhibition, the first of its scale this year, is set to take place from May 18th to May 21st in the bustling metropolis of New York City. The event, which will be held at the Chelsea Industrial space, located just a 10-minute walk from the Empire State Building, will bring together the world's top artists, collectors, and art professionals for the much-anticipated Focus Art Fair.

TON Diamonds has been confidently expanding its presence in the international art space. We’re proud to announce the names of the artists who will release their NFT-artworks on our platform and present them at the exhibition in New York:

• Sarah McDaniel (https://www.instagram.com/krotchy/)

• Ellen Sheidlin (https://www.instagram.com/sheidlina/)

• Harry Yeff (https://www.instagram.com/reepsone/)

• & Trung Bao (https://www.instagram.com/tbaocreate/)

• Shane Fu (https://www.instagram.com/shanef3d/)

Each of these creative talents has a unique style and is creating truly special artworks for TON Diamonds to present at Focus Art Fair.

The exhibition has already been generating buzz, with leading media outlets including Yahoo Finance, Reuters, Bloomberg and Marketwatch publishing press releases, providing a glimpse into the upcoming event and unveiling some of the fantastic artworks.

We believe that our collaboration with these exceptional global artists, and our participation in an event of such scale, is a significant milestone not just for our marketplace, but for the entire TON Ecosystem. So, mark your calendars and get ready to be amazed by the outstanding NFT artworks on display at the Focus Art Fair in NYC!

Homepage update is yet another step towards significant future advancements of TON Diamonds. We’ve dedicated extra attention to the creators and their artworks because this is something we’re especially proud of. We’ve also highlighted the past exhibitions in Paris, Prague and Dubai. Soon, we’ll add future events planned for 2023 on the website, too.

In addition, the homepage currently displays the main statistics on collections from our marketplace as well as the latest deals from the auction house. The opportunity to clearly see the changes in floor prices and week volumes is an important part of every successful marketplace, and the updated TON Diamonds homepage offers this feature. The newsfeed is now more noticeable — learn about key events related to our platform.

We continue to talk about the TON ecosystem and today I will tell about TOP-3 NFT marketplaces on TON blockchain.

1⃣Getgems

2⃣TON Diamonds

3⃣ Disintar

P.S. Fragment 👁‍🗨

• Getgems is the largest NFT marketplace based on The Open Network. The platform has a very nice design and advanced usability, which especially attracts new users.

  Number of collections presented on @getgemsdotio : 1237 😵

  The most expensive purchase for February 2023: Whale 1644 (1500 TON = $3510)

• TON Diamonds - marketplace on the TON blockchain for high quality NFT collections and digital artists with privileges for holders.

  Number of collections presented on @TonDiamonds : 9

  The highest price paid for a single NFT artwork on TON Diamonds marketplace and on The Open Network blockchain: Pokras Lampas artwork CALLIGRAFUTURISM-23. Sold for 23 000 TON.

And other NFT sales records in 2022 🌪️

• Disintar - the ability to support digital artists and to decorate your personal virtual room with NFTs.

  A distinctive feature of the marketplace is the ability to create your own virtual rooms by placing purchased NFTs.

  For example, in December 2022 the users chose such interesting NFT rooms 🖼️🧑‍🎨

P.S. Fragment!

This project deserves a separate conversation!

Fragment is a free platform which facilitates the transaction of collectibles between users. It supports direct, secure and anonymous sales as well as public auctions where everyone can participate over a period of time.

A collectible is a unique item (e.g. a username, virtual phone number, etc.) that is permanently recorded on the public TON blockchain as property owned by the holder of the corresponding address. The most expensive purchase u can see below *shock* 🙀

I know how much you love statistics in the crypto world, so within a few days we will get acquainted with the TON blockchain ecosystem and products based on TON.

The Open Network is a blockchain that was originally developed by the Durov brothers, the founders of Telegram Messenger.

Later, TON source code was released and the blockchain development was handed over to an independent community of crypto-enthhusiasts who maintain TON to this day.

The main cryptocurrency of TON is called Toncoin.

TON is a fast, secure, and scalable blockchain focused on handling millions of transactions per second with one goal: to reach the first billion blockchain users.

The blockchain roadmap in 2022 was successfully completed on time. There were many events. But the TON team kept its word and completed all the steps on time.

And here are the events that await us in the first half of 2023.

The second half of 2023 will also be busy and, apparently, several surprises are being prepared for us ;)

At the time of publication this article $TON = 2.34$.