TL;DR: Hemi Network is collaborating with RedStone, the fastest-growing modular oracle provider, to bring decentralized price feeds to projects within our ecosystem. RedStone is leading the way in Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). This collaboration will ensure reliable, real-time data feeds to help Hemi’s growing set of DeFi products.

Today, Hemi and RedStone Oracles are pleased to announce an integration to power Hemi’s ecosystem with high-quality, real-time data. 

This pairing brings RedStone’s modular oracle solutions to Hemi so that the growing suite of DeFi projects will have access to reliable, secure, and decentralized data feeds.

Activating RedStone’s Expertise in LST and LRT Data

As the leading oracle provider for Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs), RedStone is at the forefront of the current DeFi narrative. Their fast-paced growth in the oracle space has made them the go-to provider for decentralized data services across these innovative financial products, making them a perfect collaborator for Hemi to onboard an increasing number of LST and LRT projects into the ecosystem.

By using RedStone’s oracle services, Hemi can make sure that all projects get the right price feeds for LSTs and LRTs. This makes DeFi applications safer and more efficient within the network.

Empowering DeFi on Hemi with RedStone Oracles

Through this collaboration, Hemi Network will use RedStone’s decentralized oracles to deliver essential data services to DeFi protocols. Projects across Hemi’s ecosystem will benefit from:

• Decentralized Price Feeds: RedStone’s safe and decentralized pricing data will power everything from swaps to staking. This will ensure correct asset pricing in real-time for Hemi DeFi projects.
• Enhanced Security: RedStone’s oracles are backed by cutting-edge security protocols, ensuring data integrity maintenance, even in volatile market conditions.
• Powerful Tooling: RedStone’s flexibility lets projects change their data feeds. This makes sure that each project on Hemi gets the exact price and market data it needs.

Unlocking New Opportunities for LST and LRT Projects

As more LST and LRT projects join the Hemi ecosystem, RedStone’s oracles will play a critical role in delivering data that ensures price accuracy, boosts liquidity, and improves protocol security. With RedStone leading the way in oracle solutions for these assets, Hemi is well-positioned to support the next wave of DeFi innovation.

This collaboration is a big step toward making Hemi the best platform for DeFi protocols built around LSTs and LRTs. It will provide a safe, decentralized infrastructure powered by one of the most important oracle providers in the space.