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RED
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frisk
EVERYONE wants to talk about infra and utility plays right now
And a lot of the time, the most obvious picks are right in front of you. I talked last week about how BLACKROCK is coming on chain with @redstone_defi and now being on Solana
They're handling RWAs, defi integrations and oracles - kinda makes me feel like the $RED token is a sleeping giant
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🉐 Crypto Linn
redstone is going live on @solana
not just another oracle deploy, this is the moment RWAs go from just another narrative to usable building blocks in solana defi
what's rolling out:
- redstone's core oracle feeds, native on solana
- token support via wormhole's new NTT standard (possibly expansion for $RED is cooking 👀 + NTT live SOON)
- deep integration with Securitize: price feeds for $ACRED (apollo) with yield from private credit and $BUIDL (blackrock)
with over $20B+ in tokenised assets, securitise is the heavyweight
now redstone is unlocking that data for solana money markets, perps, and new defi primitives
the infra's in place:
- high-throughput chain
- institutional-grade data
- cross-chain composability
redstone will be knocking down any restrictions and giving solana access to real yields, tokenised credit, treasuries, you name it
all flowing into defi rails that solana devs can directly build on
this will cause a massive unlock for possibilities on solana... all thanks to redstone
@redstone_defi - @securitize - @wormholecrypto
dc: linn is an ambassador for Redstone
RedStone ♦️
It's time for RWA summer.
RedStone Real World Asset feeds are live on Solana.
Powered by @Securitize and @Wormhole, feeds are live for RWAs including Apollo's $ACRED BlackRock's $BUIDL.
The first markets go live on soon on @DriftProtocol and Solana DeFi 🧵
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RedStone Oracles FAQ
What is cryptocurrency?
Cryptocurrencies, such as RED, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as RED have been created as well.
Can I buy RED on OKX?
No, currently RED is unavailable on OKX. To stay updated on when RED becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of RED fluctuate?
The price of RED fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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