The oracle RedStone has fully supported Berachain, becoming the main oracle provider for the network. RedStone's modular structure allows for rapid support of emerging networks like Berachain.
The combination of RedStone and Berachain can be said to yield results greater than 1+1=2.
With Berachain's high-performance single-block finality consensus and RedStone's on-demand Pull model for data delivery, DApps can obtain the latest prices almost in real-time. The Berachain consensus itself provides fast block production and confirmation, making the entire process from oracle-signed data being published to the blockchain, to contract reading, very swift.
RedStone's on-demand model shows a significant Gas cost advantage on Berachain. For price updates at the same frequency, traditional oracles may need to submit transactions every few minutes to store price states, while RedStone, by not storing persistent states on-chain and only attaching data packets when there are transactions, saves a substantial amount of Gas consumption.
RedStone collaborates with Kodiak in the Berachain ecosystem to obtain price information for ecosystem-native assets like iBGT and iBERA from DEXs. RedStone also provides price information for various assets, including ecosystem tokens (iBERA, iBGT), major cryptocurrencies (BTC, ETH), stablecoins (USDC, USDT, sUSDe, USDe), Bitcoin LSTs (eBTC, pumpBTC, solvBTC, LBTC), and Ethereum LSTs (rsETH, weETH, rswETH), and plans to add more assets based on demand.
The combination of RedStone's oracle services with the Berachain network showcases the energy generated by the collaboration of "new public chains + new oracles" in the blockchain world. On one hand, Berachain, as an innovative chain, provides a stage for oracles to showcase their advantages; on the other hand, RedStone safeguards the prosperity of Berachain, becoming an indispensable part of its ecosystem.
RedStone's token economic model has just launched its token, and the issuance is not far off. 48.3% is allocated to the community, with an initial circulation of 30%.
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