CandleFocus RedStone brings oracles for Bitcoin staking to expand use cases in defi
2024-10-08
Author: Content Editor
Blockchain oracle provider RedStone has launched oracles specifically designed for Bitcoin staking. The oracles, available on the staking platform Lombard, provide real-time data for Bitcoin staking, allowing users to stake their Bitcoin and receive Liquid Staking Tokens on the Ethereum blockchain. RedStone's oracles track and report key metrics such as staked Bitcoin amounts, LST issuance, and net asset value calculations. The company plans to integrate its oracles into additional platforms in the coming months. RedStone previously rolled out similar products for Ethereum and The Open Network, and raised $15 million in Series A funding.
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