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Info
About Red Stone (RED)
Red Stone is a leading blockchain data provider directly fulfilling this need. Trusted by 100+ dApps and securing billions of dollars of value, Red Stone provides customizable and cost-efficient data streams for builders empowering the next generation of dApps. Red Stone also provides data feeds to blockchains and layer 2 scaling solutions across the entire blockchain ecosystem that are both EVM and non-EVM compatible. The current model of blockchain oracle systems suffers from key inefficiencies, all of which Red Stone was specifically designed to solve from the bottom up. This makes Red Stone a unique oracle service.
RED is designed as a utility token with an innovative value accrual mechanism, introducing the first truly sustainable oracle economics.
Leveraging Red Stone's Eigen Layer Actively Validated Service (AVS), RED staking adds a robust layer of economic security to Red Stone's oracle stack, utilizing staked RED and potentially tapping into billions of dollars staked in Eigen Layer for additional security.
RED can be staked by data providers, who supply data to Red Stone's modular oracle network, and by token holders, who enhance network security through direct staking in the Red Stone AVS.
RED stakers will earn rewards from Red Stone data users across hundreds of blockchains, paid in widely adopted assets like ETH, BTC, SOL, and USDC.
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