Haven1 accelerates preparation for mainnet with new oracle partner Redstone.
Haven1 is excited to announce a strategic partnership with RedStone, a leading provider of decentralized oracle services, as we continue to accelerate towards mainnet launch. This collaboration will further enhance Haven1's already robust security and empower developers with accurate, reliable price feeds, enhancing the DeFi ecosystem.
Sep 6, 2024

Now, let’s dive into the significance of the partnership in more detail.
What are oracles?
DeFi applications have experienced explosive growth in recent years, revolutionizing how we interact with financial services and utilize digital assets. At the core of this innovation lies the crucial role of oracle data feeds. Oracles act as a bridge between the real world and the blockchain, providing accurate and reliable information essential for the operation of various DeFi protocols. Oracles ensure accurate information is measured and transmitted externally, which allows platforms like Haven1 and the apps that run on them to interact with external assets, data sources and platforms.
Why RedStone?
We are developing Haven1 to be a blockchain with an ecosystem free from hacks, scams, rug pulls and other malicious activities that remain common in crypto and give the industry a bad reputation. Selecting key partners like Oracles is essential.
RedStone fits the bill. Backed by major investors including Kraken, Spartan, Amber, and Coinbase Ventures, is a rapidly growing modular oracle service that delivers diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond.
By offering secure and reliable data feeds, RedStone empowers developers to build more robust and innovative dApps. Its modular architecture ensures flexibility and scalability, while its commitment to decentralization and security makes it a trusted partner in the blockchain industry.
Enabling developers and building a thriving ecosystem growth
The partnership between Haven1 and RedStone will bring significant benefits to developers building on Haven1 and the broader ecosystem. Here’s a closer look at how the integration will work:
Enhanced Security and Reliability:
RedStone will provide Haven1 with a robust and secure oracle infrastructure, including:
- Pull Oracle: Accurate price data stored off-chain and updated following on-chain requests.
- Push Oracle: Periodically pushed data to on-chain storage.
Liquidity Tracking: Haven1 will implement tools to estimate slippage from pools and mitigate the risk of price manipulation when liquidity drops below a safe level.
Infrastructure Deployment and Monitoring:
- RedStone will deploy data provider nodes (5 primary and 5 shadow instances), relayer nodes, and Adapter & PriceFeed contracts on Haven1.
- Monitoring services will be configured to ensure continuous operation of the infrastructure.
The partnership between Haven1 and RedStone represents a significant advancement in developing a more secure and reliable Web3 ecosystem. By leveraging RedStone’s decentralized oracle services, Haven1 can offer its users a safer and more efficient platform for building and deploying dApps as we accelerate towards the mainnet.