Oracle provider RedStone has deployed its price feed infrastructure on the Stellar mainnet, bringing a data layer aimed at decentralized finance use cases to a network long known for payments and stablecoin transfers.
The feeds now published on Stellar cover major crypto assets and stablecoins, including Bitcoin (BTC), Ether (ETH), USD Coin (USDC) and PayPal USD (PYUSD), and also provide pricing for the Franklin Templeton BENJI tokenized money market fund. RedStone said the feeds are intended to support lending markets, decentralized exchanges and tokenized real-world asset platforms building on Stellar.
RedStone described its implementation as relying on deviation-based update rules and freshness checks to improve accuracy for financial applications. “Stellar has long demonstrated its strength as a blockchain for real-world financial activity, particularly in payments and stablecoins,” RedStone co-founder Marcin Kazmierczak said, adding that enterprise-grade oracle infrastructure was what the network needed to enable more advanced financial products.
The launch adds another oracle provider to Stellar’s growing DeFi stack. Oracle market-share data from DeFiLlama shows Chainlink dominates with roughly 64% by value, followed by Chronicle at about 11%. Internal protocol oracles account for roughly 6%, while Pyth and RedStone hold about 5.8% and 5.5%, respectively.
The rollout comes after a recent exploit on Stellar highlighted oracle and collateral risks. On Feb. 21, attackers drained roughly $10 million from a YieldBlox DAO-managed lending pool on the Blend protocol by manipulating the price of the USTRY token used as collateral. A BlockSec analysis found the protocol’s oracle derived prices from a shallow USTRY/USDC market on Stellar’s DEX; the manipulated on-chain price inflated collateral value and enabled excessive borrowing.
A RedStone spokesperson noted that depending on thin on-chain markets for price discovery can expose lending pools to manipulation. The firm said its feeds use deviation-based updates—typically around 0.5% to 1% for stablecoins—and enforce minimum daily refreshes to keep data current and reduce the risk of relying on low-liquidity markets.
By adding an enterprise-focused oracle option, RedStone aims to give Stellar-based developers more reliable price data as they expand lending, tokenization and on-chain financial services on the network.
