RedStone deploys price oracles on Stellar to strengthen DeFi security and RWA pricing infrastructure

XLM3,74%

On March 5th, news reports that RedStone, a provider of oracle infrastructure, recently launched a dedicated price oracle service on the Stellar network, providing real-time price data support for the chain’s expanding decentralized finance ecosystem and tokenized asset markets. This deployment occurred after Stellar experienced a security incident related to an oracle vulnerability, resulting in losses of approximately $10 million. The incident once again highlights the importance of reliable price data in DeFi protocols.

As Stellar gradually expands into on-chain lending, real-world asset tokenization, and payment-based DeFi applications, the reliance of smart contracts on accurate market prices continues to grow. RedStone introduces a modular price data architecture that supports off-chain and cross-chain data sources for developers, while also enhancing the network’s overall data redundancy capabilities, thereby reducing systemic risks associated with single price sources.

According to reports, RedStone has embedded its oracle framework directly into Stellar’s infrastructure, enabling developers to control how and how often price data is updated, including custom data sources, aggregation algorithms, and data push mechanisms. This flexible architecture is especially critical for lending protocols, synthetic asset platforms, and tokenized securities issuers, as different application scenarios require varying update speeds and data precision.

Industry experts note that integrating professional oracle services is an important step in Stellar’s ecosystem development. While Stellar has long held advantages in cross-border payments, the complexity of DeFi applications has been limited by a lack of foundational tools. RedStone’s addition provides developers with more reliable price data support, allowing lending markets, collateral liquidation, and multi-asset vaults to operate in a more stable technical environment.

More broadly, the blockchain industry is reassessing reliance on single or low-security data sources. Over the past few years, multiple DeFi attacks have exploited liquidity shortages or delayed price updates to manipulate market prices, leading to drained lending pools or bad debts. By introducing multi-source price data, protocols on Stellar can build more robust collateral and liquidation mechanisms.

As institutional interest in tokenized assets and on-chain payment channels increases, reliable data infrastructure is becoming a key factor in attracting financial institutions. Market observers believe that if RedStone’s oracle performs stably on Stellar, it could become a critical component of the network’s DeFi tech stack and promote the deployment of more financial applications built on trusted price data.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Can Metaplanet use financing from the “king of the Tokyo death spiral” to buy Bitcoin—only to keep itself alive with EVO before Bitcoin rises?

Bloomberg reported that U.S. investor Michael Lerch and his EVO fund focus on providing liquidity to cash-strapped small and mid-sized businesses, mainly through floating strike warrants. EVO holds a dominant position in the Japanese market, but its financing tools also face the risk of equity dilution. Metaplanet and EVO partnered and pivoted into a Bitcoin reserve company; however, its increased stock price volatility and reliance on funding have heightened operational uncertainty.

ChainNewsAbmedia1h ago

NAT Officially Launches on SpiderPool, Enabling BTC Dual-Mining in Same Block

NAT has launched on SpiderPool, enabling dual-mining with Bitcoin without extra setup. It generates 386 million NAT per block every 10 minutes, valued at $38, with a total market cap of $38 million. The code is open-source.

GateNews2h ago

Gate Daily (April 17): Musk’s X Money hits a roadblock with New York crypto regulation; Yuga Labs appoints a new CEO

Bitcoin (BTC) is flat at $74,920. A ceasefire between Israel and Lebanon has taken effect, and Trump says Iran agreed not to develop nuclear weapons. Mizuho Bank warns that Musk’s X Money could be affected by New York’s crypto regulation. Yuga Labs replaces its CEO: Greg Solano becomes Chairman of the Board, and Michael Figge takes over. The market is broadly optimistic. A record-high Bitcoin buying wave in the past decade has emerged, suggesting the price may be moving toward $90,000.

MarketWhisper2h ago

Yuga Labs Appoints Michael Figge as CEO, Greg Solano Becomes Board Chair

Yuga Labs has appointed Michael Figge as CEO, transitioning founder Greg Solano to Board Chair. Figge, previously Chief Product Officer, has been acting as CEO. Solano will focus on creative direction as the company develops its metaverse project, Otherside.

GateNews4h ago

Justin Sun Announces TRON’s PQ Transition, Criticizes Bitcoin And Ethereum

Justin Sun has launched TRON’s PQ upgrade plan, positioning it as the first major blockchain to adopt quantum-resistant technology, while criticizing Bitcoin and Ethereum for their slower progress in addressing quantum threats.

Blockzeit6h ago

Sweat Economy Secures Movement Verification Patent in Nigeria, Applies for European Patents

Sweat Economy has received a patent for its movement verification system in Nigeria, enhancing its M2E ecosystem on NEAR Protocol. The company validates user activity through its Sweatcoin app, allowing users to earn $SWEAT tokens. This approval boosts confidence in its technology and supports further patent applications in Europe.

GateNews7h ago
Comment
0/400
No comments