What is Hemi?
Hemi Labs develops modular blockchain infrastructure that integrates Bitcoin and Ethereum for superior scalability, security, and interoperability. Founded by renowned Bitcoin developer Jeff Garzik and blockchain security pioneer Max Sanchez, Hemi Labs is leading the way in building the future of decentralized applications and cross-chain connectivity.
What are the Benefits for Hemi Users?
RedStone is leading the way in Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). This collaboration will ensure reliable, real-time data feeds to help Hemi’s growing set of DeFi products. Developers will also be able to easily build new applications and migrate existing apps onto Hemi using RedStone price feeds, including RedStone’s Push oracle, which provides a familiar “legacy oracles-like” interface for select price feeds.
How Does RedStone Oracles Support Hemi?
Hemi Network will use RedStone’s oracle solutions to power key DeFi protocols. These oracles provide secure, real-time pricing data for swaps, staking, and other DeFi applications. RedStone’s security protocols ensure data integrity, even during volatile market conditions. Additionally, RedStone offers flexible tooling that allows projects to customize their data feeds, ensuring that each project gets the exact market data it needs.
By using RedStone’s oracle services, Hemi can make DeFi applications safer and more efficient within the network. With LSTs and LRTs playing an ever growing important role in providing security in a more capital efficient manner and with a role in securing Hemi’s BTC Tunnel, this collaboration provides the foundation for more usage of LSTs / LRTs.
About RedStone
RedStone is a Modular Oracle specializing in yield-bearing collateral for lending markets, especially LSTs & LRTs. It offers gas-optimized data feeds across 50+ chains and all rollups. Trusted by Morpho, Venus, ether.fi & more.
