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RedStone has recently announced a strategic collaboration with Monad, an exclusive L1 blockchain that offers ultra-high-performance consensus and execution. The partnership between RedStone and Monad focuses on supporting the Monad testnet with the provision of pull and push data distribution models on the mainnet. The platform took to its official social media account to provide insights into this initiative.
Gminers 🤝 Gmonad
— RedStone Oracles ♦️ (@redstone_defi) August 8, 2024
RedStone is proud to announce its support for @monad_xyz testnet. Both models, Push and Pull will be available from day 1 on the mainnet.
Fast integration is a prime example of the flexibility our modular design allows.
Learn more below 👇 https://t.co/9bgGsb0sYD pic.twitter.com/8M7CozNbU2
RedStone Oracles and Monad Join Forces for Effective Blockchain Integration
In its latest series of X posts, the platform disclosed that this partnership denotes a crucial landmark. It reportedly contributes to the progress in the infrastructure regarding decentralized finance. Monad operates as a unique L1 blockchain that prioritizes decentralization without any compromise on performance. Dissimilar to rollups, as they usually centralize the production of blocks, Monad guarantees true decentralization.
In this respect, the platform enables block production in a decentralized manner. The respective approach improves censorship resistance along with aligning with the basic principles dealing with blockchain technology. The architecture of Monad focuses on delivering rapid execution along with resilient consensus mechanisms. This makes it a suitable platform to power cutting-edge DeFi applications.
RedStone stands among the top-growing oracles and plays a vital role in guaranteeing the high quality of the data that it delivers on-chain. With the integration of the solutions concerning modular oracles with Monad, the platform ensures the reliability and accuracy of data that is necessary for DeFi functionalities. The availability of pull and push models from the initial testnet phase represents the flexibility of the design of RedStone.
It also denotes its commitment to backing the latest blockchain ecosystems. The partnership specifically facilitates developers to build on the platform of Monad. RedStone provides data for more than 1,100 assets, offering developers a broad range of integration options. This wide asset coverage comes simultaneous to the reputation of RedStone for high-reliability data.
The Collaborators also Conduct a Twitter Spaces Event for Community Engagement
Hence, this turns it into a resource for projects targeting to benefit from the high-performance capabilities of Monad. The platform added that, for community engagement and the provision of insights regarding this collaboration, both entities are reportedly organizing a Twitter Spaces event.