RedStone's Oracle Extractable Value (OEV) solution successfully captured $16,500 in liquidation value during a 30-day proof of concept on the Venus protocol, as announced at the RootData Crypto Capital Market Forum at TOKEN 2049 in Singapore. Matt Gurbiel, BD lead at RedStone, highlighted the solution's efficiency in addressing DeFi liquidation inefficiencies through a 300-millisecond ordered process, which returns value to protocols without downtime.
RedStone, a rapidly expanding oracle service, supports over 100 clients across more than 60 blockchain networks, securing $4 billion in assets. Gurbiel emphasized the importance of OEV in reducing systemic risk, which is crucial for integrating real-world assets and attracting institutional capital into the DeFi space.
RedStone's OEV Solution Secures $16,500 in Venus PoC Liquidations
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