RedStone Oracles Powers Etherlink's DeFi Ecosystem with Cross-Platform Data Feeds

Is Etherlink's DeFi Ecosystem Enhanced by RedStone Oracles?

Etherlink, EVM-compatible, has teamed up with RedStone Oracles to bolster its DeFi offerings by tapping into the Tezos blockchain. This partnership grants Etherlink access to RedStone's modular oracle solutions, supplying high-frequency, diverse data feeds vital for smart contracts and decentralized applications (dApps).

Why Is RedStone Oracles a Game-Changer?

RedStone Oracles' cross-platform connectivity sets it apart, spanning EVM Layer1, Layer2, Rollup-as-a-Service networks, and others like Starknet, Fuel Network, and TON. RedStone's modular oracles enable personalized data consumption models, unlocking assets unavailable elsewhere.

What's Etherlink Bringing to the Table?

Etherlink prioritizes decentralization and efficiency with its cutting-edge decentralized sequencer and built-in MEV protection. Its subsecond block times and ultra-low transaction fees of approximately $0.01 foster an accessible DeFi environment.

How Does the Partnership Elevate Etherlink?

This collaboration provides Etherlink with real-time, precise data feeds, expanding its capacity to host diverse financial applications, from lending and borrowing to intricate derivatives. It transforms Etherlink into a compelling option for developers eager to drive innovation within the DeFi realm.

RedStone's Impressive Funding Track Record

Last year, Redstone hauled in close to $8 million in funding from reputable investors like Lemniscap, Blockchain Capital, Maven11, Coinbase Ventures, Stani Kulechov, Sandeep Nailwal, Alex Gluchovski, and Emin Gun Sirer. This underscores the significance of oracles in the DeFi sector.