CryptoZink
AllAIMemesDeFiGeneralTradingLaunch

RedStone Oracle Goes Live on 11 Blockchains with Novel Data Delivery Model

March 26, 2025launch

RedStone, an innovative decentralized oracle solution, has officially launched its mainnet across 11 blockchain networks simultaneously, introducing a novel "data-delivery" model that promises to reduce gas costs, increase scalability, and enhance data reliability. The launch represents a significant advancement in oracle technology and offers a new alternative to established players like Chainlink and Pyth.

Revolutionary Data Delivery Architecture

Unlike traditional oracles that store all data on-chain, RedStone introduces a dual-layer architecture where data is:

  1. Signed and stored off-chain: Data points are cryptographically signed by a network of independent data providers and temporarily stored in a highly available decentralized cache layer.

  2. Delivered on-demand: When smart contracts need oracle data, they retrieve only the specific data points required, along with cryptographic proofs of authenticity, dramatically reducing gas costs compared to conventional oracle systems.

This architecture solves several critical limitations of existing oracle networks:

  • Gas Efficiency: By moving data storage off-chain and delivering only what's needed on-demand, gas costs are reduced by up to 90% compared to fully on-chain oracle solutions.

  • Update Frequency: Data can be updated as frequently as needed (sub-second in some cases) without incurring prohibitive gas costs.

  • Scalability: The system can handle thousands of data feeds without congesting underlying blockchains.

  • Cross-Chain Consistency: The same data, with the same timestamps and signatures, can be used across all supported blockchains.

"Traditional oracles face an impossible trilemma between cost, freshness, and reliability," explained Dr. Elena Kowalski, RedStone's founder and chief architect. "Our data delivery model fundamentally breaks this trilemma by changing how oracle data flows into blockchain applications."

Multi-Chain From Day One

RedStone's launch spans 11 blockchain networks simultaneously:

  • Ethereum
  • Arbitrum
  • Optimism
  • Polygon
  • Avalanche
  • Binance Smart Chain
  • Solana
  • Near
  • Polkadot
  • Cosmos (via IBC)
  • Base

"Building for multi-chain from day one wasn't just a feature—it was a core design principle," said Kowalski. "DeFi is inherently multi-chain now, and oracle infrastructure needs to reflect that reality."

Each blockchain integration includes native adapters and reference implementations to simplify developer adoption, along with comprehensive documentation and SDKs.

Decentralized Data Provider Network

RedStone's oracle data comes from a network of 50 independent data providers at launch, each staking the network's native RST token to participate. The system employs a novel reputation and consensus mechanism:

  1. Performance-Based Reputation: Providers build reputation based on accuracy, uptime, and response time.

  2. Stake-Weighted Consensus: Data points are weighted based on provider stake and reputation scores.

  3. Verifiable Record: All submitted data points are permanently recorded, allowing for retroactive verification and dispute resolution.

  4. Economic Security: Providers face stake slashing for delivering incorrect or manipulated data.

At launch, the collective stake securing the network exceeds $45 million, providing robust economic security against potential attacks or manipulation.

Specialized Data Feeds

Beyond traditional price feeds for cryptocurrencies and financial assets, RedStone launches with several specialized data categories:

  • Long-Tail Assets: Over 1,000 smaller-cap cryptocurrencies not commonly available on other oracle networks
  • NFT Floor Prices: Real-time floor prices for major NFT collections
  • Interest Rates: On-chain and off-chain lending rates across various protocols and institutions
  • Weather Data: Temperature, precipitation, and other climate metrics for parametric insurance applications
  • Sports Outcomes: Verified results from major sporting events for prediction markets
  • Computational Feeds: Custom-calculated indicators like volatility indices and liquidity metrics

"We've prioritized data diversity from day one," noted Michael Zhang, RedStone's Head of Data. "Many innovative use cases for smart contracts have been bottlenecked by the limited data available through existing oracle solutions."

Launch Partners and Integrations

The mainnet launch includes partnerships with over 30 decentralized applications already using RedStone's oracle infrastructure in production:

  • DeFi Protocols: Lending platforms Morpho and LlamaLend, derivatives exchange OpFi, and algorithmic stablecoin protocol Stability are among the DeFi applications leveraging RedStone data.

  • Insurance Solutions: Climate insurance provider ClimateShield and crypto coverage protocol InsurDAO are using RedStone's specialized data feeds for parametric policies.

  • Gaming and Prediction Markets: On-chain gaming platform Polymarket and sports prediction protocol BetDAO have integrated RedStone's sports and events data.

"RedStone's architecture allows us to access oracle data at a fraction of the cost of traditional solutions," said Sarah Chen, CTO of Morpho. "This efficiency translates directly to better rates for our users and more competitive positioning in the market."

Tokenomics and Governance

The RST token underpins RedStone's network with several key functions:

  • Staking: Data providers stake RST as economic security for their operations
  • Fee Payment: Developers pay for oracle services using RST (with various subscription models available)
  • Dispute Resolution: Token holders can participate in arbitration for contested data points
  • Governance: Protocol parameters and network upgrades are decided through token-weighted voting

The total RST supply is capped at 100 million tokens, with the following distribution:

  • 20% to the core development team (4-year vesting)
  • 15% to investors (3-year vesting)
  • 25% to the ecosystem development fund
  • 25% to data provider incentives and rewards
  • 10% to community treasury
  • 5% initial liquidity provision

"We've designed our tokenomics to create sustainable alignment between data providers, developers, and token holders," explained Wei Li, RedStone's Chief Economist. "The goal is to incentivize the growth of a robust, decentralized data ecosystem that can serve as critical infrastructure for Web3."

Future Roadmap

Following the mainnet launch, RedStone has outlined an ambitious roadmap for the next 18 months:

  1. Zero-Knowledge Proofs: Integrating ZK technology to enhance the efficiency and privacy of data delivery

  2. Custom Data Feeds: Allowing developers to request bespoke data sources through a decentralized marketplace

  3. Cross-Chain Messaging: Expanding RedStone's infrastructure to serve as a general cross-chain messaging solution

  4. AI Oracle: Developing capabilities for secure on-chain execution of AI model inferences

  5. Additional Chain Integrations: Adding support for emerging L1 and L2 ecosystems

"Today's launch is just the beginning," Kowalski emphasized. "Our vision is to create the definitive decentralized data layer for Web3, connecting all blockchains to all valuable data sources in a secure, efficient, and trustless manner."

With its innovative architecture, multi-chain approach, and focus on data diversity, RedStone's mainnet launch positions the project as a significant new competitor in the oracle space, potentially reshaping how blockchain applications consume external data.