Ink Chain selects RedStone to power its DeFi ecosystem

Ink, a layer-2 blockchain developed by crypto exchange Kraken and built on Optimism Superchain, is now live with oracle platform RedStone as the official partner.

The Ink Chain mainnet launched on December 18, months ahead of previously announced plans to launch in the first quarter of 2025. RedStone confirmed its partnership with Ink in a press release, stating that it has been selected as the official partner of decentralized finance.

The partnership will leverage RedStone’s modular architecture to provide real-time price feed data. RedStone allows users to securely interact and leverage accurate, real-time data across the DeFi ecosystem, including Bitcoin (BTC) staking.

Backed by Arrington Capital, RedStone’s oracle network offers cross-chain data feeds across the Ethereum, Avalanche, and Polygon ecosystems. The network increases its reliability by using decentralized data storage platform Arweave for persistent data storage.

Ink’s blockchain architecture, on the other hand, is optimized for the deployment of on-chain protocols with fast block times, low transaction fees, and strong interoperability. As part of Ethereum’s scaling solutions environment, Ink’s infrastructure is designed to effectively bridge decentralized finance protocols with Ethereum.

“Ink has enabled engineers to build the next generation of DeFi applications and protocols. With RedStone as one of our oracle partners, builders will have access to reliable data, proprietary solutions, and BTCfi-related publications that will fuel the growth of the Ink ecosystem and accelerate movement on the chain.”

Andrew Koller is the founder of Ink.

According to the L2 platform’s X team, the decision to launch ahead of schedule was due to strong demand from builders and community support. The testnet phase saw millions of transactions and thousands of wallet connections; This underlined the strong interaction and preparation for the launch of the mainnet.