The RedStone Stack: Solving the Infrastructure Problems a Price Feed Can’t

Table of Contents

A price feed answers one question: what is this asset worth right now. The RedStone Stack is built for everything that happens next.

TL;DR

  • The RedStone Stack is seven products across three categories: Market Data, Capital Efficiency, and Risk Intelligence, live across 70+ chains and 200+ protocols
  • Midas uses RedStone Feeds and Settle to make tokenized RWAs function as real DeFi collateral, mGLOBAL hit $33M in TVL within days of the vault opening
  • HyperLend runs Feeds and Atom on HyperEVM, securing $403M in TVL and recapturing liquidation value for the protocol instead of bots, with 5-10% LTV improvement enabled by Atom
  • Extended uses RedStone Live to price real-world markets 24/7 across 103 pairs and $259.1 billion in all-time volume, with zero mispricing events since launch
  • EtherFi runs RedStone Feeds and Credora on the same asset: weETH is priced by one team and independently rated A+ by another, with a 0.098% annualized Probability of Default
  • Lombard uses Proof of Reserve to publish LBTC’s Bitcoin backing onchain every 20 minutes, enabling LBTC is now held as collateral across 70+ DeFi protocols on 15 blockchains, with $3B in net-new liquidity onboarded since launch.

The Infrastructure Gap 

As DeFi matures, the infrastructure needs to evolve with it. Early protocols needed one thing from an oracle: reliable pricing. That was enough when markets were small and the assets were simple. 

Today’s market runs on restaking tokens, tokenized Treasuries, real-world assets, and Bitcoin LSTs. Lending protocols hold tens of billions in collateral that can’t be liquidated through standard bots. Perpetual DEXs list assets that stop trading on their underlying exchanges every evening. Risk accumulates in vaults that show users an APY and nothing else. 

Picking an oracle is no longer enough. Protocols need an infrastructure layer that addresses what happens before, during, and after a price update. That layer is the RedStone stack.

Market Data Beyond Price Feeds

Everything starts with market data, but not all data problems are the same. Price Feeds handle the standard deployments. Bolt, Live, and Proof of Reserve exist for the three places where standard feed is not enough. 

Price Feeds deliver customizable oracle data across 110+ chains, with asset-specific methodologies built for complex collateral types that standard feeds cannot handle: restaking tokens, tokenized Treasuries, RWAs, Bitcoin LSTs, principal tokens, yield tokens and more.

RedStone Bolt provides sub-millisecond push feeds for high-frequency environments like MegaETH and Monad. A 30-second feed cannot operate on a chain with 10ms block times. Bolt delivers over 400 price updates per second at 2.4 millisecond latency.

RedStone Live delivers continuous pricing for equities, FX, and commodities during off-market hours, sourcing from CEX derivatives markets that trade 24/7 on their own order flow rather than going dark when TradFi closes. 

Proof of Reserve provides cryptographic, real-time verification that the reserves backing a token exist. Proof is published onchain continuously rather than in a quarterly PDF. 

Capital Efficiency Recovers and Unlocks Protocol Value 

With reliable market data in place, capital efficiency is where protocols stop leaving value on the table, and start accessing what was previously out of reach. 

RedStone Atom captures Oracle Extracted Value (OEV), the liquidation fee that has historically leaked to bots racing to act on price updates, and routes it back to the protocol through an offchain auction system. The auction lasts less than 300 milliseconds allowing the entire process to take place in a single atomic transaction. Faster, more competitive liquidations mean less risk of bad debt. 

Lending protocols liquidate in seconds. RWA redemption windows run 30 to 180 days. RedStone Settle closes the gap between DeFi liquidation speed and RWA redemption windows through an offchain auction in which solvers absorb the redemption timeline and the protocol receives cash at T+0.

Risk Intelligence: Independent, Verifiable Risk Ratings for DeFi

Risk intelligence tells you what an asset or vault is worth beyond its APY.

Credora runs independent, simulation-based risk ratings for onchain assets, lending markets, and vault strategies, updated daily, on a scale from A+ to D. It operates as a separate entity from RedStone’s oracle infrastructure, with its own team and methodology. The output is a single quantitative signal, the annualized Probability of Significant Loss, which is the probability that a depositor loses more than 1% of principal. Credora covers 100+ rated products across more than $10 billion in onchain capital, and is already live across Morpho and Spark. APY tells you what you might earn. Credora tells you what you might lose.

A Modular Oracle Stack

The Redstone stack is modular. Protocols start with the product that addresses their immediate problem and expand as their needs do. The five integrations below show what that looks like in practice.

Midas: RWA Collateral That Works in DeFi

Tokenized real-world assets have reached $29.8 billion onchain, but only $3.5 billion of that is actively deployed in DeFi. The remaining $26 billion sits outside collateral markets. 

DeFi lending protocols need to liquidate a position in minutes when it goes underwater, but tokenized RWAs carry redemption windows of 30 to 180 days, and many carry transfer restrictions that standard liquidation bots cannot navigate. Lending protocols refused to accept RWAs as collateral regardless of how creditworthy the underlying instrument was. 

RedStone Settle closes that gap. When a price update makes a position liquidatable, the same transaction triggers an off-chain auction. Solvers compete to take the asset immediately, absorbing the redemption timeline themselves. The protocol receives cash at T+0. The solver earns the spread for taking on the wait.

Midas runs two RedStone products together on mGLOBAL. Settle’s auction reads directly off RedStone Feeds, firing within roughly 200 milliseconds of a price update, meaning there is no gap between knowing the price and being able to act on it. 

mGLOBAL hit $33 million in TVL within days of the vault opening, with Symbiotic providing the liquidity layer underneath the auctions.

HyperLend: Keeping Liquidation Value in the Protocol

When a position is liquidated in DeFi, a fee gets paid out to whoever closes it. For most of DeFi’s history, that fee went to whichever bot won the race to act on the price update first. Not the protocol. Not the user. Whoever had the fastest infrastructure. Cumulative OEV leakage across DeFi has already passed $500 million.

RedStone Atom fixes this by running an offchain auction for the liquidation, and splitting the value generated with the protocol. No contract migration required. Atom upgrades any RedStone feed already in place.

HyperLend runs two RedStone products together on HyperEVM: RedStone Feeds for pricing and Atom to capture liquidation value. HyperLend has used RedStone price feeds since its mainnet launch in March 2025, securing $403 million in TVL, at the time of writing. Atom came on top of those same feeds.

Feeds price the positions. Atom makes sure that when one liquidates, the fee stays with HyperLend instead of going to the fastest bot.

Extended: Data Layer Without a Closing Bell

Perpetual DEXs have expanded well beyond crypto. Real-world assets trade onchain around the clock. The TradFi exchanges behind them don’t. When those exchanges close, most data providers go dark with them. Funding rates and liquidations keep firing off a price that stopped updating hours ago.

RedStone Live is a real-time market data service that stays on when TradFi closes. During off-hours it switches to CEX derivatives markets that trade 24/7 on their own order flow. When the underlying exchange closes, price discovery moves there. Live follows it. Across all mission-critical integrations, RedStone Live has recorded zero mispricing events and zero downtime.

Extended is a perpetual DEX listing real-world assets alongside crypto across 103 pairs, with $259.1 billion in all-time trading volume, at the time of writing. For the real-world markets on that list, every funding rate and liquidation runs on a price that reflects what is actually happening in the market, not what was happening before the exchange closed.

Extended took one product from the stack. The one that solved their specific problem. That is what modular infrastructure looks like when it is working.

EtherFi: Priced and Rated

DeFi has never had an equivalent of a credit rating. Users pick a vault by its APY and find out about the actual risk during a stress event. Two vaults with the same headline yield can carry completely different risk, with no standardized way to tell them apart before it matters.

Credora closes that gap with independent risk ratings for onchain assets and markets, updated daily, on a single A+ to D scale. It runs as a separate entity from RedStone’s oracle infrastructure. A rating only means something if the entity producing it is not the same one selling you the price feed.

EtherFi runs two products from the RedStone Stack on the same asset. RedStone provides the onchain price feed for weETH. Credora rates its risk independently. weETH recently received an A+ from Credora with an annualized Probability of Default of 0.098%. It is the first liquid restaking token to receive an independent rating of this kind.

Lombard: BTCfi Unlocked

Bitcoin liquid staking tokens let holders earn yield while keeping BTC as collateral in DeFi. Every lending protocol that accepts one needs to know the reserves are real, in real time.

Periodic attestations do not work in DeFi. Lending protocols make liquidation decisions off collateral ratios. If the data is old, those decisions are based on a number that may no longer be accurate.

RedStone Proof of Reserve solves this by monitoring the Bitcoin addresses holding reserves, verifying ownership cryptographically, and publishing the reserve ratio onchain continuously, every 20 minutes, across every supported EVM chain simultaneously.

Lombard built LBTC, a yield-bearing Bitcoin LST backed 1:1 by BTC locked in Babylon staking. RedStone provides the real-time PoR feed that makes it safe to use as collateral in DeFi. Curators including Gauntlet, Yearn, and SteakhouseFi integrated LBTC with confidence because the backing is verifiable, not trusted. LBTC is now held as collateral across 70+ DeFi protocols on 15 blockchains, with $3B in net-new liquidity onboarded since launch

Lombard took one product from the stack. Real-time Proof of Reserve is what turned LBTC from a Bitcoin LST into a composable DeFi primitive that dozens of protocols trust enough to build on.

Frequently Asked Questions

What is the RedStone Stack? Seven products across three categories: Market Data (Price Feeds, Bolt, Live, Proof of Reserve), Capital Efficiency (Atom, Settle), and Risk Intelligence (Credora). Each product addresses a specific failure mode in onchain finance. Protocols adopt what their problem requires. Full details at redstone.finance/product-stack.

Do protocols need to adopt the full stack? No. Each product works standalone. Lombard and Extended each use one product. HyperLend and Midas each use two. EtherFi runs two on the same asset simultaneously. The architecture is designed so that adding products makes the existing ones more useful, but the starting point is always the specific problem at hand.

How is this different from a standard price feed? A price feed answers what an asset is worth at a point in time. It does not govern who captures the liquidation value when the price moves, whether illiquid collateral can be settled during a liquidation, or how risky the position was before the loan existed. The RedStone Stack addresses all three.

Is the RedStone Stack live? Yes. All five integrations described in this post are in production. 

How does the RedStone Stack compare to using separate vendors for each problem?
Separate vendors mean separate architectures with seams between them. The feed updates on one system, the liquidation logic lives on another, and the risk parameters reflect conditions from a different source entirely. Since the RedStone Stack runs on one shared architecture, the layers exchange information. The data layer captures the price move, the capital efficiency layer acts on it, and the risk layer flagged the exposure before any of it happened.

Is Credora part of RedStone? Credora operates as a separate entity with its own team, methodology, and governance. It runs independent simulation-based risk ratings across DeFi vaults, assets, and lending markets. The separation is deliberate: a risk rating only means something if the entity producing it has no incentive to inflate it. RedStone provides the oracle infrastructure. Credora provides the risk intelligence. Neither number comes from the same team.

Where do I start if I want to integrate? It depends on what you’re building. DeFi protocols typically start with Price Feeds and Atom. Chains running at 10ms block times start with Bolt. Asset issuers integrating RWAs or Bitcoin LSTs start with Proof of Reserve and Price Feeds. Institutions start with Credora. The entry point is always the specific problem at hand, not the full stack. Talk to the team at redstone.finance/contact or write to contact@redstone.finance.