Kraken’s Ink flagship lender taps RedStone as official oracle provider
Crypto Briefing
RedStone has become the official oracle provider for the Ink ecosystem following a successful emergency deployment for the lending protocol Tydro.Summary
RedStone has been named the official oracle provider for Kraken’s Ink layer 2 network. The partnership follows an emergency response on May 4, where RedStone deployed production-ready price feeds for the Tydro lending protocol within 48 hours after a security incident involving a previous provider. RedStone will now support Tydro and the broader Ink ecosystem, providing oracle coverage for lending protocols and tokenized assets as Ink experiences rapid growth, with total value locked surging past $270 million.
(Source：Crypto Briefing)