RedStone’s founders did not begin with a token. They began with abandoned hackathon products and a cost problem: writing every market update to every chain was too slow and expensive. Their answer was a signed package that travels only when a transaction needs it.
Jakub Wojciechowski began the solution in 2020 and formed RedStone with Marcin Kaźmierczak and Alex Suvorov in 2021. The team’s own account says missing oracle speed, coverage and cost had kept earlier experiments from production.
The first commercial deployment arrived in January 2023. By then the product was not a new blockchain; it was a way to reuse off-chain observations across many chains while making each consumer verify the evidence.
A provider node observes sources, adds a feed identifier and timestamp, and signs the package. Cache nodes make it available. In pull mode the user’s transaction carries the bytes; in push mode a relayer updates an adapter. Both paths end with verification inside the consumer contract.
This design avoids permanent storage for every observation. It does not abolish trust: the application chooses accepted signers, quorum, freshness and aggregation. A valid signature proves origin and integrity after signing, not the economic truth of the source value.
RedStone’s security article returns to two outside failures: a Korean-won price reported 1,000 times too high at Synthetix in 2019, and Coinbase Pro DAI trading near $1.30 triggering Compound liquidations in 2020. RedStone was not the oracle in either case.
The team says it responded with multiple sources and outlier detection. Later Atom added a transaction path for liquidations: an off-chain auction selects a solver, but a failed auction or execution falls back to the standard price update. It reduces one failure mode without guaranteeing the market input.
The March 2025 token launch came more than two years after production feeds. Its allocation rewarded backers, contributors, community and data providers; 72% began locked and was scheduled to unlock over four years. RED therefore financed and incentivized the network around an already sold service rather than creating oracle demand by itself.
Stakers can join the RedStone AVS. The March 2025 announcement described RED and EIGEN incentives, while calling eventual multi-asset user-fee routing an end goal. Demand for feeds belongs to client contracts; a RED balance is neither a subscription nor a claim on invoices.
The contract cannot exceed one billion, but all one billion were not issued at launch. It had reached 597 million at review. A five-owner Safe requiring three approvals held the minter role and can nominate its successor.
Public documentation gives no RED vote that commands this Safe or determines which source enters a price. The token adds economic collateral and incentives around the oracle. Operational judgment remains in provider admission, consumer configuration, relaying and contract administration.
The team separates data collection from delivery after oracle limits blocked earlier prototypes.
A commercial integration puts the modular delivery model into live use.
External Synthetix and Compound incidents are turned into source and outlier controls.
The token enters circulation and staking after the oracle service is in production.
Auctioned liquidations fall back to the ordinary update path when bidding or execution fails.
Last evidence review: 2026-09-05
RedStone is an oracle network and data business founded in April 2021. Its RED asset is the Ethereum ERC-20 at `0xc43C6bfeDA065fE2c4c11765Bf838789bd0BB5dE`, with a Base representation at `0x4eb92702ba4cfbf80561bad64d89c706ac824960`. The software collects market observations, packages values with timestamps and data-service identifiers, and requires signatures from authorized providers before a consumer contract accepts them.
RedStone offers pull delivery, where signed data is appended to a user’s transaction, and push delivery, where relayers periodically write updates into feed contracts. The consumer decides which signers, threshold, freshness window and aggregation rules it trusts. RED is a separate incentive and staking token; owning it does not itself make a wallet a data provider or choose a price.
Jakub Wojciechowski says the project began after hackathon teams could not obtain sufficiently fast, cheap and broad oracle coverage. Separating collection from chain delivery let one signed package travel to many networks instead of paying to store every update everywhere. That saved gas, but moved the security question: applications must verify signatures, timestamps and enough independent signers when data arrives.
A price error can liquidate solvent borrowers. RedStone cites the 2019 Synthetix KRW incident and 2020 Compound DAI liquidations as reasons for source diversification and outlier checks. These were not RedStone incidents. Its response is preventive design, plus Atom’s fallback: if an auctioned liquidation path fails, the ordinary feed update remains available.
Provider nodes collect values from exchanges, DEXs, contracts and institutional sources. They form signed packages containing feed ID, value and timestamp. Cache nodes distribute the packages. In pull mode an SDK attaches them to calldata and the consumer verifies them during the same transaction; in push mode a relayer submits them to an on-chain adapter on heartbeat or deviation rules. Signatures prove which key attested to a package, not that the underlying market source was correct.
RED launched on 6 March 2025. The published allocation is 10% Community & Genesis, 10% protocol development, 20% core contributors, 4% Binance Launchpool, 24.3% ecosystem/data providers and 31.7% early backers. Seventy-two percent was initially locked on a four-year schedule. The Ethereum contract has a hard 1 billion cap but a minter may issue within it and nominate a successor. On-chain state showed 597 million issued and minter Safe `0x5754…b397`, configured 3-of-5.
RED can be restaked through RedStone’s EigenLayer AVS. The 5 March 2025 airdrop announcement described dedicated incentives in RED and EIGEN. In the same passage, routing data-user fees to restakers and providers in assets such as ETH, BTC, SOL or USDC was called the incentivization “end goal,” rather than a completed fee stream. This is an incentive program, not a contractual share of RedStone client revenue. Public materials do not define RED-holder voting over feed methodologies, signer sets, customer contracts or the minter Safe.
Signed data packages used by smart contracts, through user-carried pull transactions or relayer-driven push feeds.
A consumer contract applies its configured provider keys, signature threshold, freshness and aggregation rules.
No. Feed delivery is a service integration. RED is used for staking and incentives around network security.
The cap is 1 billion. Ethereum state showed 597 million issued at review; token release continues under the published schedule.
A 3-of-5 Safe was the current minter. It may mint up to the immutable cap and nominate another minter.
No binding RED vote over methodology, signers or feed contracts was found in the cited public documents.
The March 2025 announcement described RED and EIGEN incentives. It called multi-asset fee routing an end goal, which does not create a guaranteed revenue claim.
Its 2024 security article says it had never suffered a successful exploit. That is the project’s own record claim, while the Synthetix and Compound cases in the article are explicitly external examples.
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