Question 1

What is RedStone (RED)?

Accepted Answer

RedStone (RED) is the native utility token of **RedStone**, a decentralised oracle network that provides scalable, cost-efficient, and customisable data feeds for blockchain applications. It enables smart contracts to access accurate and frequently updated data across multiple ecosystems, including Ethereum Virtual Machine (EVM) and non-EVM chains.

RedStone introduces a modular architecture that separates data sourcing, processing, and delivery, aiming to improve efficiency and reduce gas costs compared to traditional blockchain oracles.

Question 2

How does RedStone Work?

Accepted Answer

RedStone provides three distinct oracle models for data delivery:

1. **Push Model**  
   - Data is stored on-chain and updated periodically.  
   - Ensures constant availability and full control over update conditions.  
   - Suitable for applications that require persistent on-chain data.

2. **Pull Model**  
   - Data is fetched on-demand and included in user transactions.  
   - Reduces gas costs and storage overhead compared to on-chain models.  
   - Designed for low-latency applications, such as liquidations and trading.

3. **Hybrid Model (ERC-7412 Standard)**  
   - Combines Push and Pull models, allowing applications to fetch data while maintaining an on-chain record.  
   - Used for cost-efficiency and security, particularly in DeFi and financial applications.

Each model is designed for different use cases, ensuring flexibility and reliability.

Question 3

What is RedStone (RED) Used For?

Accepted Answer

RED is the core utility token of the RedStone network, supporting:

Question 4

# **Staking & Economic Security**

Accepted Answer

- Data providers stake RED tokens to ensure data accuracy and reliability.  
- RED holders can stake to support the network, contributing to oracle security.  
- Stakers receive rewards in assets such as ETH, BTC, SOL, and USDC.

Question 5

# **Payment for Oracle Services**

Accepted Answer

- Projects using RedStone pay for data feeds in various assets.  
- Payments are distributed to stakers and data providers.

Question 6

# **Governance & Network Participation**

Accepted Answer

- Future governance mechanisms may allow RED holders to influence network upgrades and fee structures.

Question 7

# **Multi-Chain Compatibility**

Accepted Answer

- Supports over 70 blockchains, including Ethereum, Arbitrum, Optimism, Polygon, Avalanche, Fuel, and Starknet.  
- Enables cross-chain data access.

Question 8

# **Customisable Data Feeds**

Accepted Answer

RedStone provides specialised financial data, including:  
- Liquid Restaking Token (LRT) feeds.  
- Bitcoin DeFi (BTCFi) derivatives.  
- Traditional financial data (ETF prices, institutional rates).

Question 9

# **Security & Data Verification**

Accepted Answer

- Multi-source aggregation filters manipulated or unreliable data.  
- Cryptographic signatures ensure data authenticity.  
- Decentralised node infrastructure prevents single points of failure.

---

Question 10

Who Created RedStone (RED)?

Accepted Answer

RedStone was co-founded by:

Marcin Kazmierczak (Co-Founder)
Alex Suvorov (Co-Founder)
Jakub Wojciechowski (Co-Founder)

Question 11

# **Multi-Layered Data Validation**

Accepted Answer

RedStone validates data through:  
- Median-Based Aggregation – Reduces the impact of manipulated prices.  
- Time-Weighted Average Price (TWAP) – Filters short-term price anomalies.  
- Liquidity-Weighted Average Price (LWAP) – Ensures pricing accuracy for lower-liquidity assets.

Question 12

# **Cryptographic Data Signing**

Accepted Answer

- Every data feed is signed cryptographically to verify authenticity.  
- On-chain verification ensures data sources remain tamper-resistant.

Question 13

# **Redundant Data Sources**

Accepted Answer

- Data is pulled from centralised exchanges (Binance, Coinbase), decentralised exchanges (Uniswap, Curve), and aggregators (CoinMarketCap, Kaiko).  
- Ensures high uptime and minimised risk of incorrect pricing.