RedStone Deploys Price Oracles on Stellar Mainnet

RedStone has launched its price feed infrastructure on the Stellar mainnet, bringing an enterprise-focused data layer to a network best known for payments and stablecoin transfers. The new feeds supply market prices for major cryptocurrencies and stablecoins — including Bitcoin (BTC), Ether (ETH), USD Coin (USDC) and PayPal USD (PYUSD) — and also publish pricing for the Franklin Templeton BENJI tokenized money market fund.

Targeted use cases for the feeds include lending markets, decentralized exchanges and platforms issuing tokenized real-world assets on Stellar. RedStone says its implementation relies on deviation-based update rules and freshness checks to keep prices accurate enough for financial applications. For stablecoins, update thresholds are typically in the range of roughly 0.5% to 1%, and the system enforces minimum daily refreshes to avoid stale data.

RedStone co-founder Marcin Kazmierczak characterized Stellar as well-suited to real-world financial activity and argued that enterprise-grade oracle infrastructure is needed for the network to support more advanced on-chain financial products.

The launch adds another oracle option to Stellar’s evolving DeFi stack. DeFiLlama market-share figures show Chainlink holding the largest share at about 64% by value, followed by Chronicle at roughly 11%. Internal protocol oracles represent about 6%, while Pyth and RedStone account for approximately 5.8% and 5.5%, respectively.

The rollout comes in the wake of a recent exploit that underscored oracle and collateral risks on Stellar. On Feb. 21, attackers drained about $10 million from a YieldBlox DAO-managed lending pool on the Blend protocol after manipulating the USTRY token price used as collateral. BlockSec’s analysis found that the protocol’s oracle drew prices from a thin USTRY/USDC market on Stellar’s DEX; the artificially inflated on-chain price allowed the attacker to overstate collateral value and borrow excessively.

RedStone highlighted that relying on low-liquidity on-chain markets for price discovery can expose lending pools to manipulation. Its feeds aim to reduce that exposure by combining deviation-based updates with guaranteed refresh cadence and freshness checks, giving Stellar developers an alternative intended to provide more robust price data as lending, tokenization and other on-chain financial services expand on the network.