October 11, 2024 – RedStone proudly announces its role as the official oracle for Unichain, a Layer 2 (L2) solution purpose-built for DeFi by Uniswap. Known for pioneering decentralized finance (DeFi), Uniswap has developed Unichain on the Optimism Superchain to create a high-performance platform tailored for DeFi users and developers alike.

With Uniswap Labs leading the technical development and the Uniswap Foundation fostering developer engagement, Unichain is designed to enhance user experiences with faster transactions, lower costs, and increased access to liquidity.

Speed and Efficiency Optimized for DeFi

Drawing on its expertise with the Uniswap Protocol, Uniswap has equipped Unichain with one-second block times at launch, with plans to reduce this further to 200-250 milliseconds. This speed aims to provide users with near-instant transaction experiences, thereby improving overall market responsiveness and efficiency.

Lower Costs Without Compromising Decentralization

Unichain is positioned to significantly reduce transaction fees by approximately 95% by shifting operations to Layer 2. While utilizing a single sequencer for optimal performance, Unichain supports decentralization by enabling full nodes to participate in block validation, balancing efficiency with a commitment to decentralization.

Building a Multichain Liquidity Hub

Mirroring Uniswap’s role as a DeFi liquidity hub, Unichain is set to serve as a multichain liquidity hub, streamlining access to liquidity across various blockchain networks. This native interoperability simplifies user access to DeFi liquidity, regardless of the underlying blockchain.

RedStone’s Commitment to the Unichain Ecosystem

As Unichain’s oracle provider, RedStone is dedicated to supporting developers by delivering dependable oracle services. Oracles are essential for DeFi projects, and RedStone is excited to collaborate with Unichain’s developer community. Builders interested in leveraging Unichain are invited to reach out to RedStone through Discord for assistance and support.

For further details, please visit the Uniswap website or follow Uniswap on social media for the latest updates.