Partnership with RedStone

We are pleased to announce our partnership with RedStone Oracle, a leading provider of data solutions in DeFi. This partnership integrates RedStone’s pricing feed to enhance the stability and functionality of $satUSD

What is RedStone Oracle

RedStone Oracle specializes in delivering real-time, secure data feeds for DeFi platforms. Their modular oracle system is designed to offer flexible and frequent updates, tailored for on-chain applications, ensuring precise asset pricing.

As part of our upcoming integration with RedStone Oracle, we’re excited to highlight that RedStone secured $15M in a Series A funding round, led by Arrington Capital in July 2024.

This funding will accelerate the development of their Modular Oracle product, further enhancing the reliability of secure, gas-optimized price feeds for platforms like Satoshi Protocol.

Top investors include SevenX Ventures, IOSG Ventures, and The Spartan Group, all contributing to RedStone's continued leadership in providing innovative data solutions for DeFi protocols.

Integration Overview

Push Model for Data Feeds

RedStone’s Push model allows Satoshi Protocol to receive secure, frequently updated data directly on-chain via a relayer system, ensuring efficient price updates under pre-defined conditions such as heartbeat intervals and deviation thresholds.

Pricing Accuracy

The integration will ensure accurate and consistent pricing data for $satUSD, boosting operational reliability.

Benefit for users

Stable Pricing

Users benefit from timely and precise pricing for $satUSD, ensuring reliable transactions within the DeFi ecosystem.

Improved Efficiency

RedStone’s rapid data push model enhances the speed and efficiency of pricing updates for $satUSD, optimizing overall user experience.

We’re excited to bring our dynamic oracle technology to Satoshi Protocol, ensuring their users have access to accurate data that boosts platform reliability.

RedStone Oracle Team

Conclusion

This partnership reinforces the operational integrity of Satoshi Protocol through advanced pricing solutions, offering more reliable and transparent functionality for $satUSD.

About RedStone Oracle

RedStone Oracle provides a decentralized modular system for delivering frequent and reliable data feeds to DeFi platforms.

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About Satoshi Protocol

Satoshi Protocol is the 1st universal stablecoin protocol backed by Bitcoin. It enables users to deposit BTC, LST, ETH or USDC/USDT as collateral to mint the native stablecoin $satUSD on Bitcoin mainnet, L2s and EVM ecosystem.