COINOTAG reported on March 3 that the DeFi oracle, RedStone, has officially launched on the Sui Network. This development is set to enhance the capabilities of BTC holders by providing advanced lending and staking options. With the integration of a robust and real-time price oracle, developers will now have access to precise on-chain pricing data, which is crucial for optimizing Bitcoin-based DeFi applications. This innovation is expected to facilitate a more transparent and efficient trading environment for users, ultimately contributing to the growth of the decentralized finance sector. As market participants increasingly seek reliable financial instruments, RedStone’s launch could mark a significant step forward for the integration of Bitcoin within DeFi ecosystems.
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