RedStone Oracles Transforming DeFi: A Deep Dive into CIAN's Seamless Integration
January 3rd, 2024

In the fast-paced world of decentralized finance (DeFi), innovation is key to staying ahead, and the recent integration of RedStone Oracles into CIAN's platform stands as a testament to this ethos. This groundbreaking collaboration has not only addressed the challenges CIAN faced with conventional oracles but has also paved the way for enhanced reliability, efficiency, and user asset protection within the decentralized automation landscape.

CIAN's Decentralized Automation Platform

At its core, CIAN is a decentralized automation platform that empowers users to harness DeFi yield opportunities safely and efficiently. Focused primarily on liquid staking tokens (LST), CIAN allows users to architect, oversee, and optimize strategies across multiple protocols using a diverse range of cryptocurrencies, including popular choices such as BTC, ETH, Stablecoins, and liquid staking tokens like wstETH, rETH, MaticX, and sAVAX.

Overcoming Oracle Challenges

CIAN's journey wasn't without its challenges, especially in dealing with conventional oracles. High latency and potential price discrepancies posed significant obstacles to achieving optimal performance in their liquid staking strategies. The integration of RedStone Oracles, particularly the adoption of the Core (Pull or On-Demand) model, has ushered in a new era for CIAN.

RedStone's Core Model: A Game-Changer

The implementation of RedStone's Core Model has significantly reduced latency for CIAN, offering accurate and real-time price feeds. Unlike conventional oracles that often introduce complexities and increased gas consumption to address inaccuracies, RedStone's Core Model ensures gas costs are incurred only when data is used. This not only streamlines the process but also enhances the overall efficiency of CIAN's strategy vaults.

CIAN's Strategic Expansion with RedStone

An exclusive interview with Luffy, the Founder of CIAN, shed light on the pivotal decision to integrate RedStone Oracles. Luffy highlighted the importance of factors such as reliability, decentralization, EVM compatibility, and price latency when selecting an oracle for CIAN's strategy vaults. RedStone emerged as the standout choice, providing close-to-real-time price feeding and enabling CIAN to deliver maximum capital efficiency to its users.

The Neat and Hassle-Less Integration

One of the remarkable aspects of the CIAN and RedStone integration is the seamless process. Luffy emphasized that the integration was achieved without the need to modify the ABI of CIAN's smart contracts. By simply importing RedStone's SDK and JavaScript payloads, CIAN seamlessly incorporated the advanced oracle solution, demonstrating the user-friendly nature of RedStone's technology.

RedStone's Ongoing Mission

As RedStone continues to revolutionize the oracle industry, its modular design and tailored data consumption models open up new possibilities for DeFi and Web3 protocols. With a versatile data offering, including long-tail, LP, LST, and ecosystem-native tokens, as well as real-world data and custom feeds, RedStone is poised to shape the future of decentralized finance.

In conclusion, the integration of RedStone Oracles into CIAN's platform marks a significant milestone in the evolution of DeFi. This collaboration not only addresses existing challenges but also sets the stage for a more efficient, reliable, and user-centric decentralized automation landscape. As both CIAN and RedStone continue their missions, the broader DeFi community eagerly anticipates the positive impact of such innovative partnerships on the future of decentralized finance.

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