ZKX Partners with RedStone for Data Integration

We’re excited to announce a partnership with RedStone to provide our users with access to diverse and reliable data price feeds.

RedStone* ZKX

RedStone Oracles introduces a new storage-less oracle providing custom data feeds and delivering it to all EVM-compatible chains. ZKX will use RedStone Finance’s price feeds for its listed pairs. This integration enables real-time pricing tracking, and the ability to customize data feeds for trading perpetual pairs on the ZKX Platform.

Tech Integration process

  1. We use an innovative approach where the ZKX Node Network is used to procure data from RedStone.

Naman Sehgal, Co-Founder, and COO at ZKX, said: “We’ve known the RedStone team since the inception of ZKX and have seen each other grow in the ecosystem this year. The team at RedStone is not only innovative in their approach to delivering feeds but also offers a different infrastructure design that enables us with a customized data feed to list a new asset pair in the future instantly. This is hugely advantageous and will help us deliver the best for our community.”

Marcin Kaźmierczak, COO at RedStone, said: “This is a culmination of our long-lasting relationship with ZKX. Since the beginning, we have been excited about their novel approach to perpetual swaps and honored to make this vision a reality with our flexible data feeds. We at RedStone are on a mission of powering true innovation in Web3 & DeFi and ZKX fits into this approach perfectly. Can’t wait for what is yet to come from this partnership in the future.”

We integrated with RedStone Price Feeds because they provide a multitude of critical features such as:

  1. Higher Update Frequency — RedStone leverages a new generation of blockchain storage on Arweave, which enables low operating costs resulting in processing more data with a higher update frequency.

We have partnered with various strategic data providers to source price feed for ZKX. We will be announcing our next partner soon. Stay tuned!

About RedStone

Founded by Jakub Wojciechowski in 2021, RedStone is a Web3 startup building a novel oracle that delivers data feeds for over 1,100 assets, available on 30+ chains with a 10-second update time. Supported data feeds include prices of major cryptocurrencies as well as long-tail tokens, Forex, commodities, on-chain identity, and much more, delivered in a scalable and secure manner. Thanks to Storage-Less architecture (data is transferred with meta transactions which bypasses expensive on-chain storage), RedStone can offer custom data feeds tailored to specific use cases.

They recently raised $7M in a seed round of funding led by Lemniscap. Other participants include Coinbase Ventures, Blockchain Capital, Distributed Global, Lattice, Arweave, Bering Waters, Maven11, and SevenX Ventures.

About ZKX

ZKX is the first perpetual futures exchange built on StarkNet. The protocol is designed to provide further scalability with a decentralized node network, an elevated trading experience and offer perpetual swaps and derivatives to any user on StarkNet and Ethereum. ZKX’s mission is to democratize access to global yields through its offerings to anyone, anywhere.

In July, ZKX raised $4.5m in seed funding from backers including StarkWare, Amber Group, Huobi, Crypto.com and others

Twitter | Discord | Telegram | Website

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ZKX

Bringing the CEX experience to Starknet. The first perpetual futures DEX with self-custody. Testnet in Q1 2023 ⌛ Powered by @StarkWareLtd ⚡