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RedStone: The Oracle Pioneering the Future of DeFi - Marcin Kaźmierczak

Episode Summary

We were joined by Marcin Kaźmierczak, co-founder of RedStone, to discuss oracles and why they need to evolve in order to keep up with recent DeFi innovations: L2 rollups, LST, restaking, BTC DeFi, etc

Episode Notes

The DeFi landscape has significantly evolved since 2018 when Chainlink was launched. Recent developments such as L2 rollups, liquid staking, restaking and the rise of BTC DeFi have created huge demand for more customizable, modular oracles that would be able to provide accurate data for countless use cases, crosschain. RedStone set out to do exactly that and are now securing over $6.6 bn worth of assets (1000+ assets), across more than 60 chains, without a single mispricing event.

Topics covered in this episode:

• Marcin’s background
• Early oracle landscape
• RedStone’s technical architecture
• Network incentives
• Data aggregation module
• Node operator module
• Push vs. Pull oracles
• RedStone’s business model
• The role of RedStone token
• Pyth vs. RedStone
• Restaking
• Oracle extractable value
• Synergies between oracles and institutional investors

Episode links:

• Marcin Kazmierczak on X
• RedStone on X

Sponsors:

• Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
• Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain.