$RED Token Coming, RedStone Boosts Security and DeFi Adoption!

Jakarta, Pintu News—RedStone, a blockchain oracle provider, recently launched its native token, RED, designed to enhance the security and decentralization of its oracle infrastructure.

This launch marks an important step in their efforts to integrate more deeply with decentralized finance DEFI3.04%->Current DEFI PriceRp 80,753.04%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 applications and improve the reliability of the data provided.

Check out the full news below!

RED Token Introduction and Function

According to Crypto.news, the RED token was introduced with a staking mechanism through EigenLayer’s Active Validated Service, allowing token holders to restake RED through the EigenPie and EigenLayer apps.

This allows data providers and token holders to stake RED and get rewarded in widely used crypto assets. This staking mechanism enhances economic security and strengthens the EigenLayer ecosystem by integrating billions of staked assets.

With the launch of this token, RedStone seeks to enhance decentralization and security, which is crucial for DeFi applications that rely on accurate and reliable price data. This reliability is crucial as oracles are important in providing the data these applications need.

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RedStone Integration and Expansion

RedStone has secured a total guaranteed value of $6.86 billion and successfully integrated with over 70 blockchain chains and 130 DeFi projects. Some notable projects integrated with RedStone include Morpho, Pendle, Spark, Moonwell, and Venus.

This expansion demonstrates RedStone’s commitment to supporting a broader DeFi ecosystem and providing more efficient and secure solutions. With this extensive integration, RedStone not only increases its reach but also strengthens its position as a reliable Oracle provider.

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Incentives for Community and Future Support

To encourage further participation, RedStone is allocating 10% of the 1 billion RED tokens to be distributed through a community airdrop. This move aims to reward early supporters and contributors who have helped develop and adopt RED tokens.

These incentives are expected to increase community engagement and support the long-term growth of the RedStone ecosystem. In addition, with strong community support and infrastructure improvements, RedStone is well positioned to continue innovating and expanding their services.

Conclusion

The launch of RED tokens by RedStone marks a new era in security enhancement and decentralization for DeFi applications. With strong integration and solid community support, RedStone is poised to lead the blockchain oracle market with innovation and trusted services. Going forward, RedStone is committed to continuously developing solutions to support the growth of a secure and efficient DeFi ecosystem.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Red Token Launch Strengthens Redstone’s Oracle Security and DeFi Integration. Accessed on March 7, 2025
• Featured Image: Medium