Ink Chain selects RedStone to power its DeFi ecosystem

Ink, a layer 2 blockchain developed by crypto change Kraken and constructed on the Optimism Superchain, is now reside, with oracle platform RedStone as an official associate.

The Ink Chain mainnet launched on December 18, months forward of beforehand introduced plans to debut within the first quarter of 2025. RedStone confirmed its partnership with Ink in a press launch, stating that it has been chosen because the official associate for decentralized finance.

The partnership will leverage RedStone’s modular structure to ship real-time worth feed information. RedStone permits customers to securely work together with and leverage correct, real-time information throughout the DeFi ecosystem, together with Bitcoin (BTC) staking.

Backed by Arrington Capital, RedStone’s oracle community offers cross-chain information feeds throughout Ethereum, Avalanche, and Polygon ecosystems. The community makes use of the decentralized information storage platform Arweave for everlasting information storage, rising reliability.

Ink’s blockchain structure, then again, is optimized for deploying on-chain protocols with quick block occasions, low transaction charges, and sturdy interoperability. As a part of Ethereum’s scaling resolution panorama, Ink’s infrastructure is designed to successfully bridge Ethereum and decentralized finance protocols.

“Ink has enabled engineers to create the following technology of DeFi purposes and protocols. With RedStone as certainly one of our oracle companions, builders may have entry to dependable information, personalized options and BTCfi-related feeds that may gasoline the expansion of the Ink ecosystem and speed up motion alongside the chain,”

Andrew Koller, founding father of Ink.

In accordance with the L2 platform crew on Xthe choice to launch forward of schedule was pushed by sturdy demand from builders and group help. The testnet part noticed hundreds of thousands of transactions and 1000’s of pockets connections, highlighting sturdy engagement and readiness for the mainnet debut.