Crypto: New Redstone Release Stellar Price Feeds After $10m Exploit...

Oracle provider RedStone deploys price feeds on Stellar as the network expands DeFi infrastructure and experiments with lending and tokenized assets.

Oracle provider RedStone has launched its price feed infrastructure on the Stellar network, introducing a new data layer for decentralized finance (DeFi) applications on a blockchain historically focused on payments and stablecoin transfers.

The deployment makes price feeds for major crypto assets and stablecoins available on the Stellar mainnet, including Bitcoin (BTC), Ether (ETH), USD Coin (USDC) and PayPal USD (PYUSD). The rollout also includes pricing data for the Franklin Templeton BENJI tokenized money market fund.

RedStone said the feeds are designed to support financial applications like lending markets, decentralized exchanges (DEXs) and tokenized real-world asset (RWA) platforms building on Stellar.

The launch adds a new infrastructure provider to Stellar’s emerging DeFi stack as developers experiment with lending, tokenized assets and onchain financial services.

RedStone said the price feeds rely on a deviation-based update system and freshness checks intended to ensure data accuracy for financial applications.

“Stellar has long demonstrated its strength as a blockchain for real-world financial activity, particularly in payments and stablecoins,” RedStone co-founder Marcin Kazmierczak said in a statement.

He added that an enterprise-level oracle infrastructure was “what has been missing” for the network to unlock more advanced financial applications.

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RedStone operates in a competitive oracle market dominated by Chainlink. Data from DeFiLlama shows Chainlink secures about 64% of the market by value, followed by Chronicle with 11%.

Source: CoinTelegraph