RedStone Oracles

RedStone is a Modular Oracle that delivers frequently updated, reliable, and diverse data feeds including yield-bearing assets like LSTs, LRTs, Bitcoin LSTs and yield-accruing stablecoins.

CIAN leverages RedStone Oracles to fetch accurate and real-time data on crypto asset pricing.

This data enables CIAN to calculate the percentage yield of supported strategies, alongside the mint and redemption functions for i.e. ylBTCLST. By integrating RedStone, CIAN ensures that yield calculations are updated in near real-time, optimizing returns for users.

CIAN also uses RedStone Oracles as a security check before accepting deposits into Berachain pre-deposit vaults to ensure proper receipt tokens for all assets (i.e. ylpumpbtc.bera, ylunibtc.bera) allocation calculations. This additional validation layer ensures that pre-deposit vaults are safe, compliant with risk parameters, and operating under accurate market conditions.