RedStone oracle

RedStone was founded in April 2021 and its co-founders are Jakub Wojciechowski and Marcin Kazmierczak. Its documentation puts the reach at more than 200 protocols on more than 110 chains, and organizes the products in three layers: market data, capital efficiency and risk intelligence. The third layer came from an acquisition: RedStone bought the onchain credit rating platform Credora and now runs it as Credora by RedStone, as Ian Allison reports in CoinDesk.

How RedStone compares with the other large networks, including Chronicle, is on the list of top oracle networks.

RedStone's growth in traditional finance runs through fund tokenization. Securitize, which issues tokenized funds for institutions, chose RedStone as its primary data provider for current and future products, among them the Apollo Diversified Credit Securitize Fund (ACRED), BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and Hamilton Lane's Senior Credit Opportunities Fund (SCOPE). The feeds let these funds be used in lending protocols such as Compound, Morpho and Spark, as Daniel Kuhn reports in The Block.

A private fund's net asset value comes from a single fund administrator, so it cannot be checked by comparing several market prices. For this case, Securitize and RedStone published the Trusted Single Source Oracle, a model in which every NAV update carries a signature, a timestamp and a hash that links it to the previous update, as Margaux Nijkerk explains in CoinDesk.

RedStone's Proof of Reserve feeds take reserve data from custodian and exchange APIs, fund administrators such as CACEIS, bank statements and smart contracts, and publish it onchain as a price feed. RedStone lists NAV and reserve feeds for tokenized gold, T-bills, corporate bonds, private credit vaults, and liquid staking and restaking tokens. Its documentation also warns that a secondary market price of a tokenized asset is open to liquidity manipulation and is a weak input for a lending market. On Canton Network, the blockchain that hosts over $6 trillion in tokenized assets such as Treasury repos and syndicated loans, RedStone became the primary data feed provider, Krisztian Sandor reports in CoinDesk. More on the fund side: tokenized funds.

RedStone's base design is the pull model. In the pull model, data providers sign prices offchain, the application attaches the signed package to the user's transaction, and the contract checks the signers and the timestamp before it takes the median. The protocol decides how many unique signers it requires, and RedStone recommends an upgrade path so a protocol can replace a data provider quickly. Gas is paid only for prices that are actually used.

For lending markets that expect a price stored onchain, RedStone runs a push model built on top of the pull model: a relayer writes the price onchain on a heartbeat or when it moves past a deviation threshold. Relayers are permissionless, and anyone can run one because the contract validates the signed data. Push feeds work on EVM chains, Starknet and Fuel. RedStone Bolt serves chains with very short block times, and RedStone Live streams equities, forex, commodities and crypto prices to trading systems offchain. The public ethereum.org listing describes RedStone as specialized in price feeds for liquid staking tokens, liquid restaking tokens and Bitcoin staking derivatives. Institutional reference rates are a different market, covered on the page on crypto price feed providers.

On DefiLlama's oracle ranking, RedStone is the third-largest oracle network by total value secured (TVS), with $4.33 billion across 90 protocols (September 2026). DefiLlama's RedStone page shows SparkLend as the largest user with $1.87 billion, a 43 percent share, followed by Lista DAO with $1.12 billion, HyperLend with $401 million and the lending protocol cap with $289 million. Gearbox and the SoSoValue Indexes also read RedStone feeds.

DefiLlama lists RedStone on Ethereum, BSC, Hyperliquid L1, Avalanche, Mantle, Arbitrum, Sei, TON, Base, Sonic, Blast and Mode. RedStone's own website shows $9.12 billion secured, more than twice the DefiLlama figure. DefiLlama counts only the value locked in the DeFi protocols it tracks.

RED is the native utility token of the RedStone network. Holders can stake it to help secure the data feeds, with staking rewards paid in RED that RedStone estimates at roughly 6 to 11 percent, plus rewards from partners including EigenLayer. RedStone names Coinbase, Revolut, Binance, Kraken and Upbit among the venues that list RED, and its website links a MiCA white paper for the token. RED staking runs through EigenLayer, the Ethereum restaking protocol, where RedStone was the first large oracle provider to launch a data-validation service, as Alex O'Donnell reports in Cointelegraph.

RedStone Atom runs sealed-bid auctions before a price update that triggers liquidations goes onchain, so the value of that update goes to the lending protocol and not to MEV bots (RedStone documentation).

In the pull model, much of the security sits in the protocol's own contract: the number of required signers, the accepted age of a timestamp and the list of authorized signers are settings the integrating team chooses. A lending market that sets them loosely carries that risk itself. Concentration is the second point, with SparkLend behind 43 percent of the value DefiLlama attributes to RedStone. For tokenized funds, a NAV feed depends on one administrator, which the Trusted Single Source Oracle model tries to make verifiable.

A risk team can check the signer threshold and timestamp window in its own integration, the heartbeat and deviation settings of any push feed, the difference between RedStone's reported $9.12 billion and DefiLlama's $4.33 billion, and whether a tokenized asset is priced by NAV, reserve data or a thin secondary market. RedStone's claim of zero mispricing events is its own statement. The general failure cases are on the oracle networks page.

Oracle networks are part of Finance Loop's Investment & Digital Assets track. Finance Loop held a panel on decentralized oracle networks for smart contracts in Frankfurt as a pre-event of the Crypto Assets Conference of Frankfurt School and Deutsche Börse, and its events cover the funds and lending markets that read these feeds, from tokenized funds to DeFi lending. Dates are in the event calendar. The panel was sponsored by Chainlink, whose oracle network is described on the Chainlink page.

RedStone is a blockchain oracle that delivers prices, net asset values and reserve data to smart contracts on more than 110 chains. It offers a pull model, in which the application brings signed data into its own transaction, and a push model that stores prices onchain for lending markets.

RED is the utility token of the RedStone network. Holders stake it to help secure the oracle and receive staking rewards in RED. Protocols that integrate the pull model use API keys from RedStone to fetch the signed data.

RedStone was founded in April 2021. CoinDesk names Jakub Wojciechowski and Marcin Kazmierczak as its co-founders.

Yes. RedStone Proof of Reserve takes verified reserve or NAV data from custodians, fund administrators, bank statements or smart contracts and publishes it onchain as a feed that updates on a schedule and when the value changes. RedStone names the Lombard LBTC feed as its reference implementation for a Bitcoin liquid staking token.