RedStone Unlocks $3B RWA Market with On-Chain Pricing Data
The Stellar network has seen rapid growth in tokenized real-world assets (RWA), expanding from $800 million to over $3 billion within six months. However, this expansion has been hindered by a lack of reliable on-chain pricing data, preventing these assets from being used as collateral or in lending protocols.
RedStone, an established oracle provider, has filled this gap for the Avant Protocol's savUSD token. The integration delivers a contract rate feed capturing the savUSD/avUSD exchange rate directly on Stellar, providing standardized pricing data for DeFi protocols to use these assets.
The feed follows Stellar's SEP-40 oracle standard, allowing any protocol on the network to consume pricing data without building bespoke integrations. This means that multiple DeFi apps can pull from the same RedStone feed, simplifying the process and reducing integration costs.