For oracles to thrive and secure DeFi long-term, sustainable tokenomics are key. RedStone Distributed Data Association recently unveiled RED tokenomics — if you haven’t seen it yet, check it out — here.
RED introduces an innovative value accrual mechanism, pioneering sustainable oracle economics. Staking is a core primitive, driving network decentralization while ensuring a transparent value flow to token holders.
This blog explores RED staking, its role in the RedStone oracle network, and a step-by-step guide on how to stake your tokens and participate in the first truly sustainable oracle economy.
The RED flywheel is around the corner ♦️
RED is Live
RED Utility: Staking For Economic Security
Leveraging RedStone’s EigenLayer Actively Validated Service (AVS), RED staking adds a robust layer of economic security to RedStone’s oracle stack, utilizing staked RED and potentially tapping into billions of dollars staked in EigenLayer for additional security.
RED can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in the RedStone AVS.
RED stakers will earn rewards from RedStone data users across hundreds of blockchains, paid in widely adopted assets like ETH, BTC, SOL, and USDC.
RED Staking Flywheel
This shapes an elegantly crafted RedStone staking flywheel, delivering real value to token holders in a sustainable, continuous cycle.
In short, greater demand for RedStone products generates more fees, boosting staking rewards and, in turn, strengthening network security.
Stake Your RED
RED staking will be live from day one of the RedStone token launch, offering two premier staking options tailored to your preferences and needs.
RED Staking with EigenPie: Welcome mRED
Stake RED with EigenPie and receive mRED, a liquid staking token. Earn staking rewards while seamlessly using mRED across DeFi apps—the most capital efficient way to stake your RED.
Step 1
Visit the official website and verify the link to prevent any fraudulent attempts.
https://www.eigenlayer.magpiexyz.io/restake/0xc43C6bfeDA065fE2c4c11765Bf838789bd0BB5dE
Step 2
You’ll be directed to a simple interface. The first step is to connect the wallet holding your RED.
Step 3
The final step is staking your RED tokens. Choose the amount, approve the staking contract, and then complete the stake transaction.
After successfully staking, you’ll receive mRED, a liquid staking version of RED issued via EigenPie. You can use mRED across the ecosystem, such as in lending markets, while continuing to earn rewards from RED staking.
RED Native Staking via EigenLayer
Now, let’s go over how to stake RED natively through the EigenLayer app. This is the most direct and permissionless method, allowing you to personally select the node operator you stake with.
Step 1
Visit the official EigenLayer website and verify the link to prevent any fraudulent attempts. The first step is to connect the wallet holding your RED.
https://app.eigenlayer.xyz/token/0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
Step 2
Next, click the “Restake” button.
Step 3
You’ll be redirected to the staking window. Choose the amount of RED to stake, then click “Deposit.”
Step 4
Now, you’re redirected to the delegation window. Select an operator to run the infrastructure staking your tokens, then click “Submit” and sign the transactions to finalize the process.
This is the final step of RED staking via the EigenLayer app.
And that’s it! Staking RED is that simple. By doing so, you actively contribute to strengthening the RedStone ecosystem, earn rewards, and enhance the oracle network’s economic security.
If you experience any issues while staking your RED or notice suspicious activity, please contact us through this submission link.
About RedStone
RedStone is a modular oracle delivering reliable price feeds for emerging DeFi assets, including LSTs, LRTs, and Bitcoin Liquid Staking tokens. Our gas-efficient data feeds span 70+ chains and rollups, securing over $6 billion in TVL. Trusted by over 130 projects, including Morpho, Venus, Spark, Compound and Pendle, RedStone’s Push & Pull oracle models serve both established protocols and innovative DeFi projects pushing the boundaries of financial innovation.
