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RedStone Oracles Enters Etherlink Ecosystem Making Foundation for DeFi Expansion

Etherlink, an EVM-compatible, optimistic rollup leveraging the Tezos blockchain, has integrated RedStone Oracles. This collaboration is poised to set the ground for the DeFi ecosystem in Etherlink by integrating RedStone’s modular oracle solutions.

Etherlink: Leveraging Tezos with EVM Compatibility

Etherlink’s mission emphasises decentralization and efficiency. With its state-of-the-art decentralized sequencer, and built-in MEV protection, Etherlink ensures a fair and secure environment for end-users. Its commitment to subsecond block times and minimal fees (around $0.01) redefines transaction efficiency, aiming to make DeFi more accessible.

RedStone and Etherlink

The integration of RedStone Oracles into the Etherlink ecosystem marks a pivotal moment for DeFi on Tezos. RedStone’s oracles will provide Etherlink with real-time, accurate data feeds essential for the optimal operation of smart contracts and dApps. This partnership not only enhances the functionality and reliability of DeFi projects on Etherlink but also opens the door to new possibilities in financial applications, from lending and borrowing platforms to complex financial derivatives.

RedStone’s technology promises to bring a new level of precision and efficiency to Etherlink, enabling developers to create more sophisticated and user-friendly DeFi solutions.

Empowering Developers

By providing reliable and timely data through RedStone’s oracles, Etherlink will become an even more attractive platform for developers looking to build the DeFi ecosystem. The partnership also underscores the importance of oracles in DeFi, serving as the backbone for applications that require external data to function.

Looking Forward

The RedStone Oracles and Etherlink partnership is a significant leap forward for the DeFi ecosystem on Tezos.

About RedStone

RedStone is a modular oracle delivering diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, i.e., Starknet, Fuel Network, or TON. By responding to market trends and developer needs, RedStone can support assets not available elsewhere. The modular design allows for data consumption models adjusted to specific use cases, i.e., capital-efficient LSTfi and early support of LRTs. RedStone raised almost $8M from Lemniscap, Blockchain Capital, Maven11, Coinbase Ventures, Stani Kulechov, Sandeep Nailwal, Alex Gluchovski, Emin Gun Sirer, and other top VCs & Angels.