RedStone Oracles: Transforming DeFi with Innovative Technology

3 min readJan 6, 2024

Introduction: In the dynamic realm of DeFi, RedStone Oracles has been a trailblazer, leveraging innovative modular architecture and sophisticated features to redefine the landscape. As we explore the groundbreaking capabilities of RedStone’s Next Generation Oracles, a new chapter unfolds with the introduction of the RedStone Miners Ambassador Program, signaling a shift towards community-driven innovation.

RedStone Oracles: A Game-Changer in DeFi Data Infrastructure

In 2021, the DeFi ecosystem witnessed unprecedented growth, highlighting the critical role of reliable and diverse data feeds. RedStone Oracles addresses the limitations of existing oracle systems by introducing a unique approach — storing non-standard data on Arweave and seamlessly delivering it to EVM-compatible chains. This revolutionary design caters to the evolving needs of modern DeFi protocols, offering a flexible and affordable solution.

The Oracle Problem and RedStone’s Innovative Approach

Traditional oracles face challenges of centralization and third-party involvement, often referred to as The Oracle Problem. RedStone tackles this by leveraging Arweave for affordable storage, breaking away from the high operating costs associated with storing data directly on-chain. The on-demand fetching feature optimizes efficiency, while the flexible data streams open the door to various data providers, expanding beyond price data for assets.

RedStone Miners Ambassador Program: Shaping the Future Together

Now, RedStone embarks on a new journey with the RedStone Miners Ambassador Program, inviting the vibrant RedStone community to actively participate in shaping the future of the project. It’s not just an invitation; it’s an opportunity to become part of an ecosystem that values contributions from crypto enthusiasts, developers, traders, writers, and designers alike.

Rewarding Contributions and Qualities Sought in RedStone Miners

Participants, known as Miners, can earn exclusive rewards for their contributions, ranging from early access to privileges and RedStone Gems (RSG) to limited edition merchandise, OG NFTs, and potential job opportunities. RedStone is on the lookout for proactive individuals who are passionate about championing the project’s cause, whether they are community builders, content creators, programmers, or individuals with unique skills enriching the RedStone ecosystem.

Multi-Tiered Expedition and Onboarding Overview: The RedStone Ambassador Journey

The RedStone Miners Ambassador Program introduces a structured five-tier system, reflecting an increasing level of engagement and reward. Participants progress through these ranks, unlocking rewards as they actively contribute to RedStone’s growth. The initiation takes place on Zealy, where participants complete tasks and accumulate points to ascend ranks, emphasizing sustained engagement within the RedStone community.

Conclusion: Join the RedStone Revolution

RedStone Oracles and the RedStone Miners Ambassador Program together mark a significant step towards community-driven innovation in DeFi. By addressing the challenges in oracle technology and actively involving the community, RedStone is not just transforming data infrastructure; it’s creating a collaborative environment that propels the evolution of decentralized finance to new heights. Join now to be a part of this exciting journey with RedStone.