RedStone (RED)

Use Cases of RedStone

• DeFi Data Streams: RedStone provides fast, reliable, and customizable data feeds for decentralized finance (DeFi) applications.
• Cross-Chain Support: It works on 70+ blockchains, including all EVM and many non-EVM chains, making it easy to deploy on various platforms.
• Price Feeds: RedStone offers secure and advanced price feeds for over 1,250 assets, including major cryptocurrencies, staking tokens, and memecoins.
• Protocol Building: Developers can build lending, perpetual, restaking, or BTC staking protocols using RedStone’s data, supporting both push and pull data models.
• Modular Oracle Architecture: Its modular design allows scaling and customization to fit different protocol needs without limitations.
• Trusted by DeFi Projects: Used by 130+ clients, RedStone is designed specifically for builders to create secure and efficient blockchain applications.

For more details, visit redstone.finance.

Pros

• Fast and reliable data: RedStone provides quick and dependable price feeds for DeFi and other blockchain uses.
• Wide chain support: Available on 70+ chains, including all EVM and many non-EVM chains, making it very flexible.
• Large asset coverage: Supports over 1,250 assets, including major tokens, BTC staking, memecoins, and more.
• Customizable feeds: Builders can create custom price feeds tailored to their specific protocol needs.
• Trusted by many: Used by 130+ clients and backed by well-known blockchain investors.
• High data quality: Uses top data providers and advanced pricing methods for accurate and low-latency data.
• Proven track record: Live since 2021 with no mispricing events reported.

Cons

• Complexity for beginners: Customization and multi-chain support might be overwhelming for new users without technical knowledge.
• Dependent on integrations: Effectiveness depends on how well it is integrated into specific DeFi projects or protocols.
• Focus on builders: Primarily designed for developers, so casual users might find it less accessible or relevant.

Founders

RedStone was founded by a team including Stani Kulechov (Aave & Lens Founder), Sandeep Nailwal (Polygon Co-Founder), Emin Gün Sirer (Ava Labs Founder), Smokey (Berachain Co-Founder), Richard Ma (Quanstamp CEO), and Alex Gluchovskizk (zkSync Co-Founder).

For more details, visit redstone.finance.

Investors in RedStone

RedStone is backed by leading blockchain investors including:

• Stani Kulechov – Founder of Aave & Lens
• Sandeep Nailwal – Co-Founder of Polygon
• Emin Gün Sirer – Founder of Ava Labs
• Smokey – Co-Founder of Berachain
• Richard Ma – CEO of Quanstamp
• Alex Gluchovskizk – Co-Founder of zkSync

These investors support RedStone's growth and innovation in DeFi data streams and blockchain oracles.

For more details, visit redstone.finance.

Halal Status of RedStone

• Yes
  RedStone is a blockchain data provider and oracle service focused on delivering reliable data feeds for decentralized applications. It does not involve interest (riba), gambling (maysir), or prohibited activities, which are key concerns in halal finance. Therefore, based on its nature as a data oracle service, RedStone can be considered halal.