Oracle supplier RedStone has launched its price feed infrastructure on the Stellar community, introducing a brand new knowledge layer for decentralized finance (DeFi) functions on a blockchain traditionally targeted on funds and stablecoin transfers.
The deployment makes price feeds for main crypto belongings and stablecoins obtainable on the Stellar mainnet, together with Bitcoin 
BTCUSD, Ether 
ETHUSD, USD Coin 
USDCUSD and PayPal USD (PYUSD). The rollout additionally consists of pricing knowledge for the Franklin Templeton BENJI tokenized cash market fund.
RedStone mentioned the feeds are designed to assist monetary functions like lending markets, decentralized exchanges (DEXs) and tokenized real-world asset (RWA) platforms constructing on Stellar.
The launch provides a brand new infrastructure supplier to Stellar’s rising DeFi stack as builders experiment with lending, tokenized belongings and onchain monetary companies.
Stellar expands DeFi infrastructure
RedStone mentioned the price feeds depend on a deviation-based replace system and freshness checks supposed to make sure knowledge accuracy for monetary functions.
“Stellar has lengthy demonstrated its energy as a blockchain for real-world monetary exercise, notably in funds and stablecoins,” RedStone co-founder Marcin Kazmierczak mentioned in a press release.
He added that an enterprise-level oracle infrastructure was “what has been lacking” for the community to unlock extra superior monetary functions.
Associated: ‘ClickFix’ hackers pose as VCs, hijack QuickLens in newest crypto assaults
RedStone operates in a aggressive oracle market dominated by Chainlink. Knowledge from DeFiLlama reveals Chainlink secures about 64% of the market by worth, adopted by Chronicle with 11%.
Inner protocol oracles account for about 6%, whereas Pyth and RedStone maintain about 5.8% and 5.5%, respectively.
Oracle risks highlighted by latest exploit
The launch comes weeks after a DeFi exploit on Stellar highlighted risks tied to price feeds and collateral valuation in lending protocols.
On Feb. 21, attackers drained roughly $10 million from a YieldBlox DAO-managed lending pool constructed on the Mix protocol after manipulating the price of the USTRY token used as collateral.
A safety evaluation by blockchain safety agency BlockSec discovered the lending protocol relied on a price path linked to the shallow USTRY/USDC market on Stellar’s decentralized alternate. The manipulated price inflated the token’s collateral worth, permitting the attacker to borrow belongings past its actual value.
A Redstone spokesperson informed Cointelegraph that counting on skinny onchain markets for price discovery can expose lending swimming pools to manipulation risks.
“The February exploit was solely attainable as a result of an oracle was deriving a price from a market with lower than one greenback in hourly buying and selling quantity,” the spokesperson mentioned.
RedStone mentioned its price feeds as an alternative use deviation-based updates, usually round 0.5% to 1% for stablecoins, together with minimal every day refreshes to make sure knowledge stays present.
Journal: Telegram avoids Philippines ban, yen carry commerce going onchain: Asia Specific
