About RedStone

TL;DR RedStone launched its ‘Miners' program, a quarterly initiative that organizes and rewards the most active community members. The system includes three levels of participation with scalable benefits, ranging from community access to monthly compensation. Users must join thematic cohorts such as development, social media, or visual content.

The first campaign will be run in collaboration with oracle provider RedStone, which is allocating nearly $6 million RED tokens to the initiative.

RedStone has expanded its support for Ethena Labs' stablecoins USDe and sUSDe to the BNB Chain, triggering a 14% price surge.

RedStone, a blockchain oracle provider, has introduced a push-based oracle on MegaETH to tackle latency issues that challenge the efficiency of onchain trading.According to a spokesperson for RedStone, the new oracle can push new prices onchain every 2.4 milliseconds. Initially debuting on MegaETH, an Ethereum layer-2 network, the product may be rolled out to additional chains in the future.

TL;DR RedStone has deployed Bolt, an ultra-fast “push” oracle, on the MegaETH testnet, capable of delivering on-chain price updates every 2.4 milliseconds, an unprecedented speed. MegaETH, a “monolithic” scalability solution for Ethereum, has already reached 20,000 transactions per second (TPS) and aims to scale up to 100,000 TPS.

RedStone has launched a new oracle service called RedStone Bolt, designed to provide near-instant price updates to decentralized applications.