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 I'm the founder acting as a CEO, but I got a technical background, so that's a big bias in our company, we got 16 engineers out of 20 people, and we try to focus on building really cool technology, trying to innovate the space, trying to come out with new ideas, how to optimize Oracles because Oracles; the data delivery services to blockchains, we believe that's one of the most important parts of the blockchain stack and the core piece of the infrastructure.

 I'm co-founder and COO at Redstone. I previously worked in Google Cloud as a program manager and co-founded two startups that failed. But in 2020, Jakub reached out to me as a senior software engineer and also an ex-smart contract auditor to join his journey of building a new generation of oracles. And honestly, I had little hesitation to join him, and that's how we all started.

 The company started roughly two years ago, and I'm in the blockchain space since 2016. I used to be an old-fashioned software engineer working FinTech, super boring staff, banks, and insurance. So that was a bit of fresh air when I discovered blockchain. And I was fascinated. How quickly can you roll out the new stuff? Can you build a service? And the market, the audience is immediately worldwide.

After acting as a CTO in a blockchain startup, we've been dealing with public services and government. I was back in London working with public services and charities when Covid struck. I started using my knowledge, I was acting as a freelance smart contract auditor and worked together with OpenZeppelin, great guys, shout out to them. I also was participating in multiple hackathons. The ideas were really cool, I got amazing support from the hackathon organizers, winning a few of them.

But when you showcase, for example, a fixed interest rate protocol, it looks really great on the demo day, but then you need the data about the interest rate and it was impossible to find it on-chain. I managed to win a Blockchain Week in New York, building the leverage Synthetix platform, but if you leverage synthetics, you need access to really low latency data, and good luck looking for that three years ago.

I was getting frustrated that there are many amazing ideas that couldn't be built because of a lack of data in the blockchain space. I was digging deeper into what can you do about it, and I discovered I had structural issues, like how the Oracles work. I joined the Arweave Incubator. Arweave is an amazing storage chain, so the bottleneck for Oracles in my view was the extra cost of data storage.

Literally, when the gas price was exploding during the defi summer, the bill for a single day for the Oracles was more than $2 million. There's no wonder that you could only access the price for the blue-chip tokens.

If we can design Oracles to use alternative sources of storage, abstract this data layer, and push prices on-chain only when necessary, we move forward, and here we are now, providing more than a thousand feeds and having the data latency of only a few seconds.

Can you tell us a little bit about who's using this for their data feeds?

 We are still quite early in the market. For two years we were deep down in our cave building stuff, got a few audits working on the security because that's the kind of business that you do not want to run before you walk. It's super important to be robust and secure, as a lot of value depends on the quality of Oracles. And we get out this year in January, we integrated with the first product called Delta Prime, and we've provided them with feeds not only around the most popular tokens but also LP tokens, stake tokens, etcetera.

And we're super happy to see their trajectory. I think in February, that was the fastest growing defi project on Defi Llama and they get to about 25 million TDL almost in three weeks. That was impressive to see, that if you get more data, you can build really cool stuff. At the moment we are working with 12 projects at a very advanced stage, I think five of them are live and slowly getting more market.

In 2022, after your first raise, Lemnos Cap said that this release is essential for Defi infrastructure, your oracle. Can you talk a little bit about that?

 In Defi space to say it is fast-moving it's not enough, it's crazy. Your listeners know about it because at every podcast, every week, there are new projects and we see that although there are really great established players in the space that provide high-quality data, often new projects require something more, access to liquid staking in tokens or access to LP tokens, or to have really low latency. You need to innovate and get into the market niches, that's how we help Defi keep evolving and improving. That's our goal, just to be the most innovative oracle on the market.

Professional Background and History of Redstone

Can we talk about the competition? What does that landscape look like, I know a lot of people have been afraid to enter the Oracle market just given Chainlink's stranglehold in the Chainlink army. So how did you overcome that hurdle?

 Of course, it's not an easy task but for such a decentralized space as web3 is, monopoly is something super unnatural. If you think about any other primitive within the space, there is always a couple of companies building stuff. So we believe that in the long term, of course, there has to be a suite of oracles that projects can choose from. We also admire Chainlink for creating the early days of Defi. But for them, defi summer wouldn't have been possible, right? They did an amazing job in 2019, 2020, creating the foundation of thinking about defi.

Our idea is that when you become such a big organization and also an established one, you are less prone to innovate and slower to react to all the innovation that happens. As Jakub said, every other week we have a new tool, new stuff coming up. So new layer 2s, new tooling, as right now in May 2023 it's a lot about LSDs. Recently Lido introduced the v2 and there are a lot of other LSD protocols booming.

Defi projects are willing to use these kinds of tokens quickly in their protocols. And in order to adapt you have to be nimble, and that's where we see a lot of our value with our architecture because Chainlink right now became something like Bitcoin, It's big and secure, but people are afraid of breaking things, so there is not much change. Whereas if you want to keep up with the innovation cycle of web3, you truly have to keep on shipping more and talk with developers constantly and all the time.

Can you explain LSDs to an audience who might not be familiar?

 Right now I would say it's rather LST with T at the end, not D. We used to call them Liquid Stake Derivatives. Right now it's Liquid Stake Tokens. I would say one of the most popular is Lido Stake ETH and Lido Wrap Stake ETH. But you also have other incumbents in the space, like Rocket Pool, Coinbase ETH, and Swell which is right now approaching the market.

It's a very interesting space following the Merge that happened in 2022, and it's only going to grow as we see what's the percentage of Ether that is staked in comparison to other ecosystems, so when we are talking about Avalanche and other ecosystems, there are also LSTs for these. But I would say right now a lot of eyes are on Ether Ethereum and how things progress over there.

The Competition Landscape and Chainlink

How is Redstone different than other Oracle solutions like Chainlink outside of the innovation and the nimble piece you mentioned?

 Earlier at the inception we decided that if we want to have a chance in the market, we need to be radically different. So the idea was to focus on the scalability. So instead of pushing data directly on-chain, which was a very nice idea at the beginning when there wasn't a lot of data to be provided, we decided to build an abstraction layer in the middle. So all of the feeds are being pushed to something we call a data delivery network and work hard to make it fast, but decentralized, so we use various cool projects that emerged during that time, like for example, Arweave for the full persistence and also streamer as a highly decentralized pops up network, and the data remains in that layer until someone really needs that to execute a transaction on-chain. We fetch the data on demand and automatically inject that into a user transaction.

Therefore we get this amazing scalability. We pay gas only per usage, but you get the possibility and access to a large volume of potentially available feeds. That's our difference that we decided we need to be scalable, and we need to be efficient; our two main principles.

What is Different About Redstone

For those that aren't familiar with the Oracle market today or the Oracle space, can you give us an idea of what that looks like and the different categories?

 When people read about Oracles or listen about Oracles at the very first encounter they think of this intermediate layer that passes all kinds of data to all the layer 1s and layer 2s and layer 3s as possible, whereas in practice it's not that simple. First, there is a huge cost in delivering the data, you have to create a reasonable business model in there.

I would say Defi was the first one to justify huge costs for Oracles to operate and right now we have mainly the price of Oracles. We deliver price feeds of various assets, mainly cryptocurrencies and tokens, but also real-world data, stocks, bonds, and so on and so forth in order to create various defi applications.

There could be also Oracles that provide real-world data that is not related to financial work, like results of sports betting or elections or any other stuff that happens in the world. I would say it's rather the story of the future.

Thankfully, our architecture of Redstone is adjusted for that so we are able to provide such information. But first, you have to create a reasonable business model with it. Because many times you get this question, Hey, can you provide this data? It turns out we can, but you are going to consume it, you're not going to create a business out of it. So how will you be possibly able to pay for that? Because we want to go out of this kind of imagination that Chainlink created, that data is for free, there's no infrastructure cost, and there's no gas cost, because they have been subsidizing for years so people have this imagination like, okay, so this stuff happens for free over there.

We right now focus on price feeds and financial data but are also capable of delivering other types of information to different layers ones and protocols.

What do you say to people that claim that Oracle space today is quite centralized?

 It could be a valid point. If you look deeper, it's so important who actually get this magic switch, for example, to pause or turn off feeds. That was during this crazy turmoil time when someone suddenly realized that the feed was stopped, then you must ask who made the decision and how was it possible. So only during these moments do you realize what's happening under the water? As we started a bit later, we were really concerned about these challenges of decentralization of control.

We decided to give this power to our users, protocols, they can define in the smart contracts, which data providers they trust and they gather full control to switch data providers, to stop a feed, etcetera. So we do not have this magic, superpower to decide this is the data provider, we provide only the feeds, or the conditions under which the data is being delivered. All the specifications can be decided by our users' protocols and we let them with their freedom.

Are there any other areas where you see an opportunity for further decentralization In the Oracle space?

 It is important for us but also, it could be a really big factor in the future of Oracles, the question what's the origin of data? Who provides the data?

The entity that provides the data is actually the entity that controls the behavior of a protocol. If we provide delayed data or slightly skew data, there could be financial gain from that.

So we wanted to have full transparency around the sources of data, all of the code is fully open source.

We provide a manifesto that specifies that the data is taken from given sources. It could be off-chain exchanges it could be DEXes, all of the on-chain protocols for derivatives, and also aggregators, but you have full visibility of where the data comes from, what is the aggregation methodology and how it's been delivered. And on top of that, all of the historical feeds are available on the Arweave chain.

We believe that this space needs more transparency, and especially if we are going for more professional institutional use cases, having the visibility of the full life cycle of the data, that it's not manipulated, it's not tampered with, it's very important to have trust in the defi protocols.

So first open source code then open source configuration and fully transparent configuration on the data sources.

State of the Oracle’s Space & Decentralization

I know you guys have big news to share today. Tell us a little bit about that news.

 For the past year, we were attending many conferences and being present in the web3 ecosystem, so naturally we're talking with new projects, but also with the OGs of the space and trying to explain to them what we are doing and what's the difference, how our modular architecture works and what is possible thanks to that, rather than the monolith. So we got attention from the biggest key opinion leaders from the space that was willing to join us in the journey as angels.

Even though we raised a seed round last year, they were very interested and believed in what we are building. Therefore, we are happy to announce that nine or 10, it's still to be defined, top key opinion leaders joined, high profile angels for Redstone, including Stani Kulechov founder and CEO of Aave Companies. Sandeep co-founder of Polygon. Emin, co-founder of Avalanche, Alex, co-founder of ZK Sync, and a couple of other very prominent people. The full list is possible to see in the articles that we published today.

This shows the conviction of this kind of figures that Redstone is well positioned to capture the market and also offers a good alternative for developers.

We don't want to be the Chainlink killer as Chainlink doesn't need a killer, they do a very important job in this space, but there has to be more diversity, a player that is responding to the market trends and allows the Dapps to get a true competitive edge.

We are extremely happy to have these kinds of builders together with us on the journey.

Redstone Special Announcement

You mentioned you met a lot of people at events. It's important to network and get ingrained in the community. Can you share what is your favorite crypto event you've attended so far?

 In the past one and a half years, I suppose I attended like 20 or maybe even 25 events because we want to be as close to developers as it's possible. The dynamics over there are very interesting because people talk about what they've read, and what they've seen, but they also look at what people build on the hackathons, what the hackers have their mindset at. And over there we can also understand what kind of data feeds obstacles or limitations that encounter. Something that Jakub already mentioned, innovation happens over there, and we want to be very close with them.

Eth Denver this year, 2023 was like an inflection point for us because that was the first event I got quite heavily chased by Defi protocols rather than I was trying to chat with them, which has shown that there is interest in alternatives.

There are a couple of reasons for that I can expand on later, but also I suppose, It might be the moment that people realize that Redstone can be for oracles, what L2s are for Ethereum. A data scalability layer that is customizable inherits the security of the destination chain because we have this module, an off-chain component that allows a lot of customizability.

But when the data happens to go to a specific ecosystem, all the data packages are signed and decrypted like on chain. So the security is all in check. So here again, a tribute to Jakub for designing such an innovative approach. He used to be an auditor himself, so he knows all the best practices in that regard.

And as for the event I like the most, I have a huge admiration for EthCC organizers. It's an enormous event in Europe. And Eth Denver this year was also amazing, but I'm biased. I'm co-founder of Eth Warsaw, which happens in Poland, so naturally, anyone who is willing to join, can outreach to me and I'm willing to provide all the information about Warsaw the capital of Poland because we are also located over here.

About Crypto Events

 has become a big buzzword. Can you explain to The Defiant audience what that means?

 We started building blockchains and also the infrastructure in a very monolithic way because it's easier, you get a single module, a single piece of code, you got full control and it's much easier to manage. But there's a proliferation of requests for features, and obviously, if you got this monolithic structure, it's not easy to optimize because working on one part of this big piece of the puzzle can break the other part.

We decided that if we build our architecture in a more modular way, we get on one site our data fetchers and the data sourcing infrastructure, we got our data delivery network and we also got our connectors, the small piece of code, that we can log into various chains, most of the EVMs, but also Starknet, Fuel, all of this new cool stuff coming out there.

We can be much more nimble, we can optimize, the data fetching architecture on one hand side without affecting the connectors. Or we can quickly implement a new connector, let's say in a few weeks, and plug it into a totally different ecosystem. We can separately optimize various pieces and just remain competitive. After talking to a lot of developers, I think we got an in-depth conversation with more than a hundred projects, we realize that they get different meets in terms of data and Oracle so we decided to have currently three main ways you can consume data.

There is something we call a core model when the data is injected into a transaction, so it's on-demand, super scalable. We get a classic model that is very similar to Chainlink, but also we get a full customers ability over how and when you update the data, and we get something we call Model X, it's new cool stuff that we are working on, that totally prevents any front running. And we are co-designing that with partners that work on derivatives and perpetuals, so we want to cater to this new super interesting refinish.

Marcin, you've mentioned that at Eth Denver people started chasing you. Let's double-click into why you think that was. What caused the shift?

 First, the oracle space has been subsidized heavily for the past couple of years, so people were used to going to an oracle, for example, Chainlink, asking for price feeds, obtaining them, and then not being asked to pay a lot. Of course, it was important to bootstrap the ecosystem, but since then, there weren't been that many attempts to create a healthy business model in the Oracle business.

However, in 2023 even Chainlink officially announced a new approach to a couple of programs they have, for example right now they ask the bigger players to start contributing to the infrastructure, and for the years if you create an infrastructure that has a huge overhead cost and also huge gas consumption, the end price you're going to ask your customers by just regular logic is going to be quite high.

So to build a scalable oracle from day one, you should think about the cost side, of course, not neglecting the security, but maybe growing slower or maybe not going to the market so quickly, so that's also our approach with Redstone. We want to be this kind of steadily growing oracle rather than exploding. Because then it might turn out to be a double edge sword. There is also this scale program from Chainlink.  The question is how to approach new ecosystems. Should you charge from day one, or should you charge when you already bring a client?

Chainlink took the approach that if it is available on a specific chain, you should join a specific program, pay for the service, and the node operators. Not everyone is willing to pay upfront without knowing what is going to be the result. 

We think about the Dapps smart contracts and builders first instead of the ecosystem. And if a specific Dapp would like to be present and grow on an EVM chain, we don't have that much overhead because it's EVM compatible out of the box. We have the Dapp-first approach rather than the layer one or layer two network-first approaches, and we don't charge EVM ecosystems for us to be present and support the builders.

Lastly, for the newcomers like new Defi protocols, in order to create, one of the limiting factors is the Oracles. There is this old way of thinking like, you want to create something new? Here is the product. Try to fit it into your idea. Whereas we try to ideate together, we sit down over a call and listen to them, it is a specific project, and we try to adjust to their way. 

To sum it up, it´s not the predatory pricing for Dapps, not asking EVM chains to pay us a lot upfront, the thing that we might ask is to cover the gas cost when you go with the classic model, so on-chain updates, but it's reasonable and we always try to be transparent of the cost. 

And last, we give a lot of customizability and innovation for the new players coming into the market.

About Modular Design

 So as Jacob explained, with this off-chain architecture, off-chain module, we can create a couple of data consumption ways and we can adjust the business model to each of them. So if you go with the Redstone core, which is the most gas optimized and gives you the most competitive edge module, we go in a kind of revenue share model with projects.

We can easily monitor how many transactions and what transactions we secure, we protect and then gather this information throughout the month and then get a small percentage of that. So that when there is a thin month when there is a bear market, the Dapp doesn't have to pay a lot because it's usually a problem. And when there is a really good month or period, we can also grow together with the customer.

A similar approach is with Model X, this perpetual specific mode approach whereas when it comes to Redstone Classic, let's say Chainlink interface approach, we try to charge a monthly subscription fee. So first we calculate the gas and infrastructure cost transparently with the project, to tell them, okay, you want this kind of tokens updated with that heartbeat and this deviation, historically that would be the cost. Then we try to add a small margin to that, and that is usually what the projects pay.

Redstone’s Bussines Model

 We prepare a new innovative design, but for the records, we need to keep moving so I think the only reason for us to remain in the business is to stay innovating and as we mentioned, we are actively working on the Model X to prevent any front running and to automatically settle the transactions once they're recorded, so there is like no possibility to front run enterprise updates.

We are also actively working on something we call multi-dimensional prices, which is to provide a fair market estimation of a liquidation cost of a given collateral. Because obviously if you're going to liquidate a position that is worth like a thousand dollars, or if you're going to liquidate a position that is worth like two million, you will get a different price on the market. And having access to this dynamic information on the real value of your collateral could help DeFi protocols to optimize their margins and to use the liquidity in a more efficient way.

Also, we are expanding to other protocols. We are very excited about the ZK networks, we are the first Oracle on the ZK Sync, we are active on ZK EVM, and we work quite closely with the StarkNet Foundation. Also having the Cairo adapters, so the expansion to their new layers is a fascinating journey for us. And as we mentioned this year, it's all about the market growth. So we've been building for a long time, but now this is this exciting moment of working closely to identify projects and now bringing that to the Mainnet and to the real users.

 Maybe to add on that 2023 also shows very interesting dynamics, which is the majority of Oracles realize that the on-demand or pull or modular design is probably the way to go, at least with one of the consumption models. We are very proud to see that, because we started quite early in late 2020, early 2021 with such design. So it's not like we just saw the trend and we tried to create the product as quickly as possible and release it to the market. It's rather something that we've been sustainably developing step by step.

I would say this year is going to also be important for us to showcase the strengths that we built over time. Web3 is a lot about bars and marketing and trying to hype and make everything beautiful and shiny, but in the long term it's about the Dapps that look into the code, integrate and see the value. So for example, when you look into gas consumption, efficiency matters at scale or the latency, or how secure are the specific parts of the system.

Your system is as secure as the least secure part of it. So we made sure that all of these boxes are checked, and we are confident going into 2023 to capture the market.

Redstone’s Plans for 2023 and Beyond

What are your thoughts on where Defi is going?

 I was very active in the defi summer. I was stuck in London in a small house acting as a hedge fund manager on my couch. It was an amazing experience. I think a lot of listeners might share it, and now I got a very similar vibe. There are a lot of cool projects getting out there. There are GMX, there are perpetuals, there are options, and protocol derivatives.

We may say the new wave of a defi summer is coming to the market. These protocols are getting more sophisticated, instead of simple lending, you get this piece of leveraging, you get uncollateralized lending. There is also the interesting idea that capital efficiency it's increasing.

LSTs are going to be a huge market and we are seeing more interest in the feeds for the real-world assets, the feeds for stocks and bonds, people are starting to realize that we cannot simply print money in defi to have strong fundamentals.

Connecting all of that infrastructure to the real assets, like building derivatives on the government bonds, that's a super interesting topic we are working on with one protocol, and connecting the feeds for example, stocks or other forms of the collateral, it's also going to be huge in the long term.

Kain from Synthetix says it's time for Defi Summer 2.

 To top off that I would say also stable coins, they're popping up more and more of them. So one is to jump on the LST train and also the other train of real-world assets, tokenized bonds, for example, stable assets, and creating stablecoins on top of that. So I would say we are going to see more and more of these, and we got quite a lot of requests in that area on various chains with various designs.

I would say it's very interesting to see also outside of only the US dollar, as like Euro of course tries to strengthen its position on the market and other foreign currencies. And one thing we haven't touched upon at all during this conversation is the regulation. In the regulatory spectrum, it is happening in the US but also in Europe, we have MiCA that got passed this year and as far as I remember is going to be enforced next year.

We created a prototype that is called Know Your Degen Oracle, which essentially means that with this payload from Data Delivery Network, instead of passing a data package with a price feed, we pass a data package with information on whether a specific address is whitelisted or blacklisted, to interact with a given protocol so you as a protocol designer can implement this Know Your Degen Oracle into your smart contract, and then whoever interacts before the transaction passes, it's first double checked against a specific set of rules, whether this address is allowed or not.

To give you an example, we can block all the addresses that interacted with Tornado Cash, or you can allow only addresses that have at least withdrawn from Coinbase, which means they did KYC with Coinbase. It's up to the protocol to specify the rules, we just give the ability to do this, let's call it soft KYC on a smart contract level instead of killing the usability and throwing away the baby with the bathwater.

Do you think Defi will eventually flip CeFi or centralized finance? Will some of the larger CeFi players adopt DeFi infrastructure?

 I'd love to live till that moment. I think I'm a strong believer in this rule, that code is law in the transparency and having full visibility of what's happening with your money, I believe more in the computer code than all of this, let's say regulations and legal construction. So that's why my long-term bed is on DeFi. And I think recently it proven to be really robust during the terminal time. So if we can encode the constraint security in the language of the computer code, that's going to be much more stable than it used to be in the traditional financial markets.

And why would you say you're each passionate about crypto?

 Maybe I'm just going to add one sentence to what Jakub said, many networks and ecosystems right now try to create an environment for institutions to embrace DeFi, so on Avalanche we have dedicated institutional subnets, like Evergreen and Spruce, and we as an Oracle deliver data to both of them. We've got Coinbase with Base layer two and other curated environments for these institutions to go. I'm pretty positive about even this year seeing some major players at least tipping their toes into the ecosystem. Maybe we'll see it from the US, maybe from other countries.

Personally why I'm hyped about crypto in the whole world is in 2017 I was writing my bachelor's thesis about blockchain technology and I got very hooked. So it was very fun to look into something totally new and different and also try to figure out what kind of applications there might be in the future. Then I was dwelling on whether there is going to be decentralized exchanges or some other solutions, turned out that the reality came quicker than later. In 2018 I got scammed and didn't get two salaries for my job in crypto, so I got burned.

Later I was working at Google Cloud, which was a very, let's say, comfy place to stay but when Jakub came back asked me whether I want to leave that very pleasant place, to work for years and try to build something truly meaningful for the builders, I had no hesitation. So here I am, also very thankful to Jakub for taking me on the journey.

 I hope you'll say the same in a few years that it was a wise decision, but it's an amazing journey. I think it's a fascinating ecosystem. In terms of the amount of innovation in the production cycle. In crypto, if you got a really good idea and you got the skills to build a cool product, then suddenly in terms of let's say few weeks, you cannot track lots of liquidity, tons of users, you can plug into all of the partnering protocols without doing tons of agreements or procedures. It's a very open and permissive system.

It's an amazing place to innovate and we get these tools, builders, and a very nice crowd, the Defi builders people. Definitely, there are going to be more amazing products, and I think we can overtake the CeFi and the TradFi soon.

Future of DeFi

And the last question is how are you each defiant?

 I think trying to get into the market that is so monopolized by Chainlink, you need to be like totally crazy. When we started there was absolutely no point for another oracle because Chainlink contracts 99% of the market. We needed to be defiant, and brave, and simply believe that we can provide value.

We are seeing that more and more projects are positive to what we are building, they are eager to integrate. We got live integrations, and we are in mainnet, protecting real money, so it's going there. So it's worth it to be defiant in this ecosystem.

: I'm defiant by going to all the Web3 events, always with Redstone merch, and trying to design it as innovatively as possible. People who have met me might have received various gifts with Redstone in there. The ones that have not and are wondering what it could be, please meet me at the events I'm going to be at this year and look for Redstone red vests or jackets to find out!

What Makes You Defiant?

Jacob and Marcin, co-founders of RedStone. 

RedStone is an oracle in the crypto space picking up steam. We get into the nitty-gritty details of oracles, how RedStone is going up against the oracle monolith Chainlink, how they differentiate, and they share an exclusive update with us. But first, we begin with Jakub and Marcin's introductions and what they're working on inside of RedStone.


Chainlink Challenged: Competition Emerges for LinkMarines

Oracles; the data delivery services to blockchains are one of the most important parts of the blockchain stack and the core piece of the infrastructure.

Redstone's goal is to be the most innovative oracle. They give a lot of customizability and innovation for the new players coming into the market.

For scalability, instead of pushing data directly on-chain, we build an abstraction layer in the middle. The feeds are pushed to a data delivery network and remain in that layer until someone really needs to execute a transaction on-chain.

Redstone can be for oracles, what L2s are for Ethereum. A data scalability layer that is customizable, inherits the security of the destination chain, and has this module, an off-chain component that allows a lot of customizability.

Model X prevents front running and automatically settles transactions once they're recorded, so there is no possibility to front run enterprise updates.

They are very excited about ZK networks. Redstone is the first Oracle on zkSync, and they are active on zkEVM.

Stablecoins, LSTs, and Real-world assets, like tokenized bonds, stable assets, and stablecoins on top of that, may push DeFi Summer 2.

🔒 THE DEFIANT PREMIUM

00:34 Professional background and history of Redstone

07:30 The competition landscape and Chainlink

15:00 State of the Oracle’s space & decentralization

32:19 Redstone’s plans for 2023 and beyond

Chainlink Challenged: Competition Emerges for LinkMarines

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🔒 THE DEFIANT PREMIUM

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