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RedStone Oracles ♦️ Profile picture
@redstone_defi
Oct 6 • 7 tweets • 2 min read Twitter logo Read on Twitter
Unlocking the multi-ecosystem future ⛏

We are thrilled to announce our support for any rollup built with @alt_layer.

At our core, we are committed to staying at the forefront of innovation. That's why we provide low-latency data and access to 1200+ assets for rollups.

🧵 Image
1/ What's AltLayer?

AltLayer is an open and decentralised interlayer for rollups. The AltLayer protocol consists of a core network called the Beacon Layer that acts as an interlayer between rollups and their respective data availability or settlement layers. Image
2/ Built on top of this protocol, AltLayer offers a versatile, no-code RaaS launchpad that allows you to spin up a customised rollup within 2 minutes with only a few simple clicks. The RaaS product is designed for a multi-chain and a multi-VM world. Image
3/ What is RaaS?

Rollup-as-a-Service is a product to launch new app-tailored rollups. The offering is similar to a SaaS product, where a user does not need to maintain or host any part of the service offering and is freed from complex software and hardware management.
4/ With a rollup-as-a-service product, developers are given SDKs or a dashboard to launch application-specific rollups. Developers do not have to worry about finding nodes to operate the rollup, neither do they have to worry about building or maintaining any code.
5/ AltLayer offers the below to help users deploy and scale dApps securely:

• Shared Sequencer Set
• No-code Dashboard
• SDK for rollup deployment
6/ Oracles are crucial for L2s to use off-chain data. With our architecture, L2s can use RedStone price feeds cheaply without sacrificing security.

Follow @redstone_defi for more updates ♦️ Image

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More from @redstone_defi

RedStone Oracles ♦️ Profile picture
Oct 3
Diving deep into the world of rollups ⛏

We're excited to announce that we're ready to support any rollup built with @Calderaxyz.

We're dedicated to staying at the cutting edge of innovation. That's why we're offering low-latency data and access to 1200+ assets to RaaS.

🧵 Image
1/ What's Caldera?

Caldera specializes in building high-performance, customizable, and app-specific L2 blockchains. These custom-built blockchains offer high throughput, low latency, and customizable features for optimizing the performance and UX of decentralized applications. Image
2/ User Facing Features

Caldera Chains provide customizable ways for users to view and interact with your chain. From block explorers for address balances and transaction history, to NFT marketplaces and crypto faucets, users can access and interact with your chain as needed.
Read 7 tweets
RedStone Oracles ♦️ Profile picture
Sep 19
Powering rollup mania ♦️🍧

@gelatonetwork released zkRollup as a Service. Now, you have the power to create your own rollup in a snap.

With our mission of being at the forefront of innovation, RedStone is here for you. Providing low-latency data with 1200+ assets available.

🧵
Image
1/ What is zkRaaS?

zkRaaS (Zero-Knowledge Rollup-as-a-Service) is a product designed to facilitate the launch of application-tailored L2s. It operates similarly to a SaaS product, eliminating the need for users to maintain or host any aspect of the service. Image
2/ How does Gelato's zkRaaS work?

Gelato is using Account Abstraction to improve user experience, @0xPolygonLabs zkEVM framework to improve scalability and zk-powered Validiums to enhance privacy.
Read 5 tweets
RedStone Oracles ♦️ Profile picture
Sep 13
Riding on LSTs wave with swETH 🌊

RedStone's price feed of $swETH by @swellnetworkio has been gaining more and more traction across the DeFi landscape.

We're thrilled to announce another protocol integrating it - @gravitaprotocol 🟣

Let's dive in 🧵 Image
1/ Let's start with what is Gravita?

Gravita, a CDP stablecoin protocol, enables users to borrow funds by using multiple forms of yield-generating collateral, including LSTs and yield-amplified or/and auto-compounding stablecoins like bLUSD. Image
2/ How?

To get started users can deposit their collateral into the Gravita protocol and receive GRAI token in return. The amount of $GRAI they can borrow depends on the value of their collateral.
Read 7 tweets
RedStone Oracles ♦️ Profile picture
Jul 11
TradFi embraces on-chain finance? 🏦

RedStone: Evergreen's Oracle Partner Empowering dApps on @avax Spruce Testnet including @AaveAave and @voltz_xyz

Let's dive into the details 🧵
1/ RedStone is thrilled to announce it has partnered with Avalanche Evergreen as its launch partner, providing data feeds to dApps on Avalanche Spruce Testnet, allowing traditional finance organisations to interact with OnFi (on-chain finance).
2/ This integration enables institutional parties to engage with blue-chip @AaveAave Protocol and interest rates AMM @voltz_xyz in a customized environment tailored to corporate requirements 🏦
Read 13 tweets
RedStone Oracles ♦️ Profile picture
Jun 23
Last week @binance released 2023 Research Report on LSDfi 📝

LSDfi has barely scratched the surface. With $18.4b market cap, LSDfi TVL accounts for less than 3%. The growth potential is 🌠

9 diagrams you should *not* miss

Let's dive in🧵
1/ This growth couldn't be possible without so many ppl staking their ETH reaching for now 22.8M
2/ Who stakes it? 28.9% of the market belongs to @LidoFinance
Read 11 tweets
RedStone Oracles ♦️ Profile picture
Jun 22
Pioneering DeFi's with swETH 🌊

We're thrilled to announce our integration with the incredible @swellnetworkio.

As the trailblazers in the liquid staking space, their work with swETH has consistently impressed us.

Let's dive into what this integration means 🧵
1/ First off, if you're new to Swell, it's a top-tier decentralized liquid staking protocol that allows users to generate passive income by staking $ETH, earning blockchain rewards, & obtaining a yield-bearing liquid staking token (LST), swETH 🌊
2/ When users stake their $ETH with Swell, it's converted into Swell's liquid staking token swETH. It's a reward-bearing token, so its value increases over time to reflect the accumulated staking yield. And the best part? No potentially taxable transactions.
Read 9 tweets

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