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Utilizing RedStone Oracles

By the conclusion of this tutorial, you will have a thorough understanding of how to integrate your decentralized application (dApp) built on Celo with RedStone oracles.

This document will cover:

  • Overview of RedStone
  • Integration with RedStone
  • Practical Examples

🚀 Overview of RedStone​

RedStone is a data ecosystem that provides fast and accurate financial information in a decentralized manner through an innovative on-demand data fetching approach.

RedStone offers a unique design of Oracles tailored to meet the requirements of modern DeFi protocols.

  • Utilizes the Arweave blockchain for cost-effective and permanent storage
  • Employs token incentives to encourage data providers to maintain data integrity and uninterrupted service
  • Uses signed meta-transactions to deliver prices on-chain
  • Although data is stored on the Arweave chain, it can be utilized with any other blockchain

For more detailed information about the RedStone protocol, please refer to the RedStone compiled documentation.

📈 Available Data​

Thanks to our innovative architecture, we offer over a thousand pricing data feeds, including tokens, stocks, ETFs, commodities, and more, at a fraction of the cost of traditional Oracle integrations.

You can explore available assets and data providers on app.redstone.finance.

🔥 Integration with RedStone​

IMPORTANT: RedStone contracts are currently undergoing a security audit, and we are enhancing our infrastructure security. Therefore, before using RedStone oracles in production dApps, please contact us on Discord. We are happy to assist with the integration and can set up a new pool of data provider nodes if necessary.

Please review this short documentation to learn how to integrate your dApp with RedStone oracles.

💡 Note: Currently, RedStone is integrated only with the ethers.js library. To use it in Celo blockchain dApps, you should use ethers.js along with @celo-tools/celo-ethers-wrapper.

👨‍💻 Code Examples​

🙋‍♂️ Need Assistance?​

For any questions, please feel free to contact the RedStone team on Discord.