Modular oracle aims to help DEX platforms offer derivatives trading of gold, silver, oil and other real-world assets, like tokenized Treasury bills, with tailor-made data feed models
is a modular oracle that delivers frequently updated, reliable and diverse data feeds for decentralized applications and smart contracts on a multitude of blockchain networks.By providing tailored data feeds to DApps, RedStone makes it possible for lending protocols, perpetual exchanges and other DeFi platforms that benefit from asset tokenization to build on-chain trading platforms based on crucial real-world information.
Instead, RedStone proposes a new modular design that places data into an availability layer before it’s fetched on-chain. This approach enables RedStone’s oracle to broadcast a large number of assets at high frequency to a cheaper layer and put it on the blockchain only when required by the protocol.
“The true potential of reliable RWA use cases is yet to be fully unlocked, but they are already present on the market,” said Marcin Kazmierczak, co-founder and COO at RedStone. He added:
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