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BITWU.ETH|Feb 26, 2025 02:09
⚡ First time introduction of pre-market limit up board | Binance Launchpool 64th issue @ redstone_difi project full analysis and online price estimation!
Binance's launchpool has launched its 64th phase project @ redstone_difi. As a leading mainstream Oracle project, redstone's direct launch on Binance is undoubtedly a positive signal for the modular oracle race.
There are also two new highlights in @ binance's new update this time——
▶️ The trial implementation of the pre market tiered limit up mechanism can be simply understood as price protection at the opening price. If the price exceeds 200% of the opening price on the first day, trading is not allowed. On the second day, it is 300%, and on the third day, it is 400%. After three days, the price limit will be lifted.
Obviously, Binance wants to change the awkward situation of new coins reaching their peak at the beginning of the market, in order to avoid large investors directly pushing up and smashing the market.
▶️ This time, not only can BNB and FUSD be used, but USDC is also allowed to participate in new product launches.
The mining has started now, lasting for 2 days. Friends holding BNB, FDUSD or USDC, don't forget to deposit into the Launchpool and share the early dividends of RedStone!
💡 This article will comprehensively analyze from the following aspects——
1. How RedStone Refactors the Value Logic of Oracle Machine
2. RedStone's Four Core Advantages
3. RedStone's Economic Token Model
4. Online price estimation
one ⃣ RedStone - the 'modular revolutionary' of the oracle race track
In today's market, every chain and dApp requires an economically efficient, secure, and flexible oracle (oracle), otherwise data cannot be accessed from external sources.
RedStone, as the first oracle to integrate EigenLayer with a re staking security layer, features a modular architecture, AVS scalability, powerful security, and ultra-low latency, making it one of the most trusted and fastest-growing oracle machines in the ecosystem.
Traditional oracle machines are limited by single chain architecture and high gas verification costs, making it difficult to meet the explosive growth needs of multi chain ecosystems. RedStone, through its unique modular design, decouples the three major links of data collection, verification, and transmission, achieving the cross chain pricing capability of "one-time signature, universal across the entire chain". Its revolutionary breakthrough lies in:
✅ AVS Security Verification: First to integrate $14 billion pledged assets from EigenLayer, using a re pledging mechanism to overlay encrypted economic security layers on data accuracy, increasing the cost of wrongdoing to 100 times that of traditional models;
✅ Arweave Storage Optimization: Utilizing decentralized storage to achieve high-frequency off chain data updates, ETH/USDC price push speed is 30% faster than Chainlink, and gas costs are reduced by 80%;
✅ Full chain compatibility: Supports over 100 public chains including Ethereum, TON, and Berachain, covering emerging asset classes such as LST, LRT, and BTCFi, with TVS (Total Value Guarantee) exceeding $6.8 billion.
At present, RedStone has provided key price data for top DeFi protocols such as Spark, Pendle, Ethena, Etherfi, etc., and demonstrated strong stability in the $2 billion clearing event in 2024, completing 119000 precise updates within 24 hours, establishing its position as a "security anchor in crisis".
As one of the top three mainstream Oracle projects (@ chainlink @ PythNetwork @ redstone_difi), RedStone is the only Pull/Push compatible oracle that has not experienced any incidents of incorrect pricing.
two ⃣ RedStone's Four Core Advantages——
Compared to Chainlink's EVM limitations and Pyth's reliance on the Perps market, RedStone has built a technological moat with four major innovations:
1. Dynamic DA layer switching
The original "DA Supermarket" model allows developers to freely choose Celestia, EigenDA, or Arweave as the data availability layer based on cost/security requirements, saving 40% of operating costs compared to fixed architectures.
2. AVS enhanced security
Introducing re staking economic security through the EigenLayer AVS framework, verification nodes need to stake ETH or EIGEN tokens, increasing the cost of wrongdoing from millions of dollars to billions of dollars, and creating an "explosion-proof shield" for DeFi protocols.
3. High frequency low latency engine
By adopting off chain signature and on chain on-demand verification mechanism, ETH price update speed reaches 0.22 seconds, only 5% higher than centralized exchanges, while maintaining complete decentralization characteristics.
4. LRT Revenue Overlay Agreement
Pioneering the linkage between oracle data and re staking profits, RED can be encapsulated as LRT (Liquid Re staking Token) to capture dual benefits in protocols such as Aave and EigenLayer, with APY expected to exceed 120%.
three ⃣ RedStone's Economic Token Model——
RED is the native token of RedStone, which serves as the core asset for network operation and ecological development. Its main uses include:
① Network GAS: Payment for data service fees, DA layer rental fees, and cross chain relay costs, with 30% of the fee income used for token destruction.
② Governance token: Users holding RED can participate in key decisions such as network upgrades and parameter adjustments, determining AVS verification node admission, fee sharing ratios, and new chain integration priorities.
③ Incentive mechanism: RED can incentivize data providers and service participants through pledging and distribution, ensuring the stability and activity of the network.
Token Name: RedStone(RED)
Total number of tokens: 1000000000
Initial circulation: 280000000 (28% of the maximum token supply)
Binance Launchpool allocation: 40000000 (4% of total token amount)
Token allocation: 48.3% ecological and community incentives, 20% core builders, 31.7% early supporters
I have played several small games before, I don't know if I can get airdrops!
four ⃣ Online price estimation——
As a oracle project positioned as a benchmark for Chainlink and Pyth, RedStone's advantages in technological innovation and multi chain support have given it high market expectations.
The leading Oracle projects on the market have FDVs reaching billions of dollars. Referring to Pyth's current FDV of $2 billion, the RED deduction price is 2u, corresponding to a circulating market value of $600 million.
The current price in the whale market is 1.5u, and the pre market price at the gate is 1u.
Considering the recent market sentiment is not very high, we can lower our expectations slightly, and the reasonable opening price should be between 1-1.7u.
However, this time Binance has added a limit up mechanism. I wonder if it will have a significant impact on the price, which is quite interesting. You can observe it! Maybe we can find some opportunities and patterns.
Pre market trading time: 18:00 on February 28, 2025
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