RedStone Oracles
Modular Oracle providing low-latency price feeds for 1,000+ assets, supporting $2+ Billion TVL across top Avalanche protocols with cheaper, storageless architecture and notable backers.Application
Applied on: 14 Apr 2024 09:56 AM
Rejected
User Review
AI Review
A1
Reviewed on 14 Apr 2024 10:01 AM
Projects and grantees must contribute to the Avalanche Ecosystem in some demonstrable way. The grant must aim to support or directly advance the Avalanche ecosystem. This includes areas like:
** Public Goods Software
** Analytics
** Education
** On-Chain Infrastructure and Protocols
** Gaming
** NFT / Arts & Culture
** Consumer Applications
RedStone Oracles has a clear connection with the Avalanche ecosystem as it provides oracle services to top protocols on the network and has facilitated significant transaction volume. Its architecture contributes to reduced costs for on-chain operations, advancing on-chain infrastructure for Avalanche.
History of contributing to the Avalanche Ecosystem: While this is not a hard requirement, previous contributions by applicants to the Avalanche ecosystem will be considered for admission into grant rounds.
The project demonstrates a history of contributing to the Avalanche ecosystem through its engagements with top Avalanche protocols and by enabling a significant number of transactions on the network.
The project needs to be at least three months old: this includes having a social presence for that period, public repositories, or verified contracts deployed.
The project has been available on Avalanche since March 2022, which satisfies the requirement of being operational for at least three months, and has established social media presence and public repositories.