RedStone Launches Price Oracles on Stellar Mainnet
RedStone has deployed its price feed infrastructure on the Stellar mainnet to support emerging DeFi applications.Summary
Oracle provider RedStone has launched its price feed infrastructure on the Stellar mainnet, adding a crucial data layer for decentralized finance (DeFi) applications on the network, which has historically focused on payments. The deployed feeds provide pricing data for major crypto assets like BTC, ETH, USDC, PYUSD, and the Franklin Templeton BENJI tokenized money market fund, intended to support lending markets, DEXs, and tokenized real-world asset platforms.
RedStone co-founder Marcin Kazmierczak stated that enterprise-level oracle infrastructure was the missing piece for Stellar to unlock more advanced financial applications. The launch follows a recent $10 million exploit on Stellar's Blend protocol, where attackers manipulated the price of the USTRY token used as collateral by exploiting a thin onchain market price feed. RedStone emphasized that its new feeds mitigate such risks by using a deviation-based update system (typically 0.5% to 1% for stablecoins) and minimum daily refreshes to ensure data accuracy and freshness.
(Source：Cointelegraph)