4/ Partners play a crucial role in the Expedition, list of the initial ones: @DeltaPrimeDefi @PremiaFinance @CIAN_protocol @MantaNetwork @gravitaprotocol @voltz_xyz @AngleProtocol @swellnetworkio @yieldyak_ @interest_dinero @float_shipping @Sprkfi @CadenceProtocol & more to come!
5/ RedStone Expedition AMA
Join us as we reveal the details of the Expedition and give you the guidance you need to begin your journey ⛏️
Save the date: Thursday, 2nd November, 5:00 PM CET 📅
Welcome to Season 3. Whether you're a seasoned miner or just discovering RedStone, this season of the expedition will be a breakthrough for everyone.
Make sure you don't miss out on the Gems!
Discover more 🧵
1/ What is RedStone Expedition? 🤔
In the Expedition, you take on the role of a RedStone Miner, completing both on-chain DeFi and off-chain quests to earn valuable RedStone Gems (RSG) and gain distinctions & glory through various roles.
2/ The Final Countdown ⌛️
The Final Countdown marks the FINAL SEASON of the RedStone Expedition and your last chance to earn RSG.
Once the Final Countdown concludes, important news for the community will be announced ♦️
The final on-chain quest of Season 2 #RedStoneExpedition is live!✨
We've partnered with @lista_dao in a special campaign to reward you with a 50 million RSG points pot for your slisBNB, BTCb & BNB deposits on the BSC Chain ♦️
You don't want to miss that one! ⛏️👇
1/ What is ListaDAO? 🤔
Lista DAO is an open-source stablecoin lending protocol using LSDfi. It offers staking, liquid staking, and borrowing of lisUSD against decentralized collateral. Through innovative liquid staking, Lista aims to make lisUSD the top stablecoin.
2/ How does RedStone work with this decentralized autonomous organization?
RedStone supports ListaDAO by expanding key collateral like weETH and wstETH in 2024. We're committed to the BNB ecosystem and plan to add more assets based on market needs.
RedStone launches the first market-ready Bitcoin Staking Oracles, enhancing Babylon-powered solutions. Delivering the first implementation for @Lombard_Finance.
The LBTC/BTC price feed marks the debut of Bitcoin Staking Oracles.
1/ Bitcoin Liquid Staking 💧
For Bitcoin Liquid Staking Tokens, the process is analogous to Ethereum liquid staking, but the staking itself happens on the Bitcoin blockchain, whereas the LST is produced on the Ethereum blockchain.
Due to different block times and edge cases syncing the Mint and Burn mechanisms of the Bitcoin LSTs, such technical implementation is more complicated and nuanced.
2/ A standard market price oracle needs significant, stable liquidity to be deployed onchain. Even though it best represents market value of an asset, the costs of liquidity are significant, and even a robust liquidity setup does not protect the price from short-term deviations from the pair caused by market turmoil. Deviations like that can cause liquidation cascades and potentially send the asset tumbling in a downward price spiral.
RedStone is excited to announce its support for the $rsETH price feed by @KelpDAO, in the Classic (Push) Oracle model.
Learn more 🧵
1/ What's KelpDAO? 🧐
Kelp DAO is a liquid restaking protocol. Thanks to its native rsETH, an LRT, Kelp DAO provides liquidity to otherwise illiquid assets when deposited into restaking platforms like EigenLayer.
2/ What is $rsETH?
Restakers use their LST to create rsETH tokens, representing a share of the underlying assets. These tokens are managed by rsETH contracts, which allocate the assets to Node Operators working with Kelp DAO.