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Whitepaper read

Redstone

RED · RedStone

UtilityPays for data services on the RedStone network.

What it is

RedStone is a modular blockchain oracle network that delivers price and data feeds to DeFi protocols across 70+ chains, using a gas-efficient design that keeps data offchain and serves it on demand.

Technology & consensus

Instead of pushing all data onchain by default, RedStone's modular architecture lets components (sources, validation, delivery) be swapped, and data is delivered on-demand into transactions. Cryptoeconomic security is layered through the RedStone Actively Validated Service (AVS) on EigenLayer, where staked RED (plus restaked ETH/EIGEN) backs data-provider attestations. Feeds use deviation-based updates (~0.5-1% for stables) with daily minimum refreshes.

Token utility

RED is a utility token staked by data providers and token holders in the RedStone AVS to provide economic security for the oracle stack. Stakers earn rewards funded by RedStone data users across hundreds of chains, paid in widely adopted assets like ETH, BTC, SOL and USDC. The project states RED has no governance function.

Key risks & notes

Research note: full whitepaper fetch was unavailable this session; summary grounded in official docs and the project's official MiCA filing surfaced via search. Oracles are a systemic attack surface (price-manipulation exploits remain common). ~52% of the 1B supply is allocated to core contributors and early backers (locked), and RED competes with Chainlink, Pyth and Chronicle in a winner-take-most oracle market.

Primary source

Read the official whitepaper →

Research status

Classification: Whitepaper read · Researched · Source material: official project documents only.

Machine-readable summary →

👁️ Evidence dossier

Verification classClass AFORA-01 scale — verification, not a quality ranking
Claim type · Oracle / data token
What does the holder own?

Title, redemption claim, fractional ownership, reserve exposure — or just narrative.

RED is the operational token of RedStone's modular oracle network: it secures data delivery through staking (including the EigenLayer restaking AVS integration) and enables technical interactions in the oracle framework. It explicitly does not represent ownership, governance, or profit-sharing rights.

high confidence

Evidence: [1] · [2]

Verified
Who holds the underlying?

Needs an identifiable custodian or entity — not a wallet address or a label.

No underlying exists by design. The MiCA whitepaper states RED 'does not represent any ownership, governance, or profitsharing rights and does not constitute a claim against the issuer or any third party.'

high confidence

Evidence: [1]

Verified
How are reserves checked?

Custodian records → inventory → third-party audit → supply reconciliation.

No reserves exist by design. The whitepaper publishes indicative allocation shares (10% Community and Genesis, 10% Protocol Development, 20% Core Contributors, 4% Binance Launchpool, 24.3% Ecosystem and Data Providers, 31.7% Early Backers); supply is auditable on-chain.

high confidence

Evidence: [1]

Verified
How does redemption work?

Eligibility, minimums, fees, KYC, settlement — and what happens to the token.

No redemption is promised by the project. The MiCA whitepaper's redemption section reads 'Not applicable'; staking/unstaking is release of security collateral, not redemption.

high confidence

Evidence: [1]

Verified
Who is liable if redemption fails?

A legally accountable entity and jurisdiction — not a DAO label.

Issuer named as RedStone Distributed Data Association, registered in Baar, Zug, Switzerland (registered 2021-12-21, LEI 984500C0U06BAD1EBB45), with founders Jakub Wojciechowski and Marcin Kazmierczak on the board, per the MiCA whitepaper; founders independently corroborated as the Polish-founded RedStone team.

medium confidence

Evidence: [1] · [2]

Verified

❔ UNVERIFIED means not yet researched — not disproven. Rows marked “researched” were investigated and independent evidence was not found. Coverage expands as FORTUNA verifies. This dossier was researched 2026-09-15. Method: FORA-01 Asset Claim Verification Protocol.

❔ Frequently asked questions

What is Redstone (RED)?

RedStone is a modular blockchain oracle network that delivers price and data feeds to DeFi protocols across 70+ chains, using a gas-efficient design that keeps data offchain and serves it on demand.

What does the holder own?

RED is the operational token of RedStone's modular oracle network: it secures data delivery through staking (including the EigenLayer restaking AVS integration) and enables technical interactions in the oracle framework. It explicitly does not represent ownership, governance, or profit-sharing rights.

What is Redstone's verification status?

Redstone (RED) carries verification class A (Class A): every applicable FORA-01 question is VERIFIED — a full verification chain. What would change it: A status change would require new evidence — a status never changes from reinterpreting old evidence.

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