RedStone expands its RED token beyond Ethereum by integrating Wormhole’s Native Token Transfers (NTT) framework. This integration will bring RED to Base, ensuring that RedStone’s staking, governance, and security mechanisms remain seamlessly interoperable across multiple leading onchain ecosystems.
What is RedStone?
RedStone is a modular blockchain oracle delivering fast, accurate, and highly secure price feeds to over 130 clients across 70+ chains. With a focus on liquid staking, restaking, and high-frequency DeFi, RedStone has emerged as the oracle of choice for protocols like EtherFi, Renzo, Puffer, Swell, KelpDAO, Pendle, Morpho, FraxLend, and Gearbox.
Unlike legacy oracles, RedStone’s modular design allows dApps to integrate customized feeds, optimizing for performance, security, and cost-efficiency. RedStone’s EigenLayer AVS integration further strengthens its security, leveraging $14 billion of restaked capital to reinforce the safety of DeFi applications.
What is NTT?
Wormhole’s Native Token Transfers (NTT) is an open and composable framework for seamlessly transferring native tokens across blockchains while preserving their intrinsic properties. NTT is already powering natively multichain tokens for leading projects such as Sky, Lido, JitoSOL, ether.fi, Stakewise, and Wormhole's W, demonstrating its industry-wide impact and reliability. With RedStone, another leading protocol joins the ranks of NTT adopters.
Why Does NTT Matter to RedStone?
By leveraging Wormhole’s NTT framework, RED ensures RedStone can scale seamlessly across Ethereum and Base, eliminating liquidity fragmentation. With NTT, projects maintain full control over their tokens' behavior on each chain, including aspects such as customizability, metadata management, and ownership or upgradeability. This ensures compatibility with any token standard or governance system, offering unparalleled flexibility and adaptability.
Take Your Token Multichain with NTT
NTT is already being used by some of crypto’s most systemically important assets, like Lido’s wstETH and Sky’s (formerly Maker) USDS, to unify users and liquidity.
Check out the Wormhole NTT Docs, or get in touch to go multichain and grow your token’s reach with an open and flexible standard trusted by the industry’s leading crypto assets.
Learn More
Learn more about NTT in a 15-minute workshop given by Wormhole Foundation Product Lead, Nikhil Suri.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on X, join the Discord, or read more on the blog.