- RedStone oracles are now fully available on the Radix network.
- The launch provides access to more than 1,200 price feeds for developers.
- The oracles use a “pull” model, so developers only pay for data when they use it.
- The infrastructure has been used to secure over $6.6 billion across 100+ decentralized finance (DeFi) platforms.
- Radix developers can immediately add RedStone oracles to their Scrypto-based smart contracts.
RedStone has integrated its oracle service into the Radix network, making accurate price feeds available for use in decentralized applications. With this rollout, developers on Radix can now access over 1,200 real-time asset price feeds through RedStone’s on-demand model. The goal is to support more complex and efficient DeFi products on the Radix platform.
RedStone’s services have already been adopted across more than 100 DeFi platforms, such as Morpho, Venus, and Pendle, protecting an estimated $6.6 billion in digital assets. The company says its “pull” oracle system lets developers request and pay for data when needed, instead of relying on constant automatic updates that increase costs.
In the traditional “push” oracle model, data is frequently supplied to applications regardless of whether they need it, often leading to wasted resources and higher expenses. RedStone’s pull-based system works differently, supplying data only when a smart contract requests it. The company claims this design lowers operational expenses and helps developers build economically sustainable DeFi products.
With this integration, Radix developers working in Scrypto, the platform’s smart contract language, can now use RedStone’s data for a range of applications. These include lending and borrowing markets, stablecoins, derivatives, insurance products, and yield strategies. According to RedStone, its system allows real-time and accurate pricing across many assets, which could result in safer and more dynamic financial tools.
Developers can now start adding the RedStone oracles to their projects on the Radix network. More information about Radix and RedStone is available on their official sites.
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