RedStone is set to become part of Tydro’s pricing data architecture, working as the failsafe layer providing crucial redundancy to the inner workings of the $53M+ TVL lending protocol on Ink. The failsafe will be deployed across all supported markets on Tydro, with RedStone also powering liquidations across the markets it prices.
TL;DR
- Tydro expands its RedStone integration, leveraging RedStone as the failsafe price data layer for its main markets.
- Tydro will use RedStone data infrastructure as a main pricing oracle for selected new assets such as RWAs, tokenized equity and credit as well, also leveraging its data to power liquidations for these markets.
- The integration expands on the existing partnership, which began with RedStone delivering emergency price feeds under 48 hours in the light of threat in May as Tydro’s existing price feed provider faced a major cybersecurity incident.
When the Lights Go Out
“You know what kind of plan never fails? No plan.” This line from Parasite is a crucial reminder of a simple truth: your plan is only as good as the fallback.
In May, Tydro, a decentralized lending protocol on the Ink powered by Aave v3, Kraken’s OP Stack-based layer-2, faced this adage head-on as its price data infrastructure provider, Chaos Labs, temporarily suspended its operations as it worked to contain an alleged nation-state level cyberattack. Back then, RedStone stepped in, deploying its own price feeds on Ink within 48 hours to enable Tydro to go back online as fast as possible.
This episode set the stage for a relationship that now enters its next stage, where RedStone comes in as an official failsafe price data layer for main markets on Tydro v2. Aave v3 has no built-in mechanism for a secondary price data provider to step in if the primary feed fails. Tydro is now building that capability, adding a failsafe layer powered by the RedStone data infrastructure.
RedStone will be providing a failsafe for all 12 assets currently live on Tydro, including synthetic staking tokens (sUSDe, ezETH), stablecoins, and crypto assets, also powering liquidations for the assets it’s pricing. RedStone will additionally provide pricing for other, more exotic assets, such as equity and credit, as they launch on Tydro v2. Such assets require a tailored approach, since they often don’t trade 24/7 and require a dedicated methodology to deliver a defensible price onchain.
Tydro is one of the top DeFi protocols on Ink, its $53M+ TVL accounting for roughly half of the network’s combined DeFi TVL. The protocol operates as a non-custodial liquidity and lending platform enabling users to borrow a variety of assets against their holdings.
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About RedStone
RedStone is the data infrastructure for institutional DeFi, delivering secure, low-latency price feeds for digital assets, RWAs, stablecoins, LSTs, LRTs, and Bitcoin LSTs across 110+ chains. Trusted by 200+ clients, including Securitize, Morpho, Pendle, Spark, Ether.fi, Ethena, Lombard, Venus, and Compound, RedStone powers lending, stablecoins, perpetuals, and tokenized asset markets with a custom pricing infrastructure built for complex onchain systems. RedStone is the primary data layer for tokenized products, including BlackRock’s BUIDL, Apollo ACRED, and Hamilton Lane SCOPE. Zero mispricing events. 100% uptime.
About Tydro
Tydro is a decentralized, non-custodial liquidity protocol built on Ink and powered by Aave. It enables users to supply and borrow assets with flexible collateral, efficient risk management, and seamless integration across the Ink ecosystem and beyond.
