Ozean, a blockchain platform for Real-World Asset (RWA) yield developed by Clearpool, has recently announced a strategic partnership with RedStone, a leading oracle network provider. This collaboration aims to enhance the Ozean ecosystem by integrating RedStone’s secure and efficient data feeds, particularly focusing on increasing the tokenization of RWAs and offering reliable data prices for decentralized applications (dApps) on the protocol. The goal is to create a secure, fast, reliable, and transparent environment for users to earn yield in RWAs.
RedStone, known for its secure and modular oracle infrastructure, plays a crucial role in providing global data feeds to enhance user experience and security in decentralized applications. By collaborating with Ozean, RedStone aims to further strengthen its position in the DeFi space by offering customizable data feeds for lending, borrowing, and ensuring data accuracy for various applications.
Ozean, on the other hand, is dedicated to facilitating the seamless conversion of RWAs into DeFi without any disruptions. The platform aims to educate traditional finance users on the benefits of blockchain technology and DeFi, while providing a trusted environment for users to earn yield on stablecoins. Through this collaboration, Ozean will integrate RedStone’s advanced Oracle services to tokenize RWAs on its platform, offering secure, scalable, low-latency, and cost-effective data feeds for different assets.
This strategic partnership between Ozean and RedStone will not only expand the use of RWAs but also enhance the transparency and robustness of the protocol on the platform. By leveraging RedStone’s expertise in data feeds and security, Ozean aims to create a landmark collaboration that will benefit users worldwide.
Overall, the collaboration between Ozean and RedStone signifies a significant step towards strengthening the integration of RWAs in DeFi and providing users with a secure and reliable platform to earn yield in a transparent manner. This partnership highlights the importance of collaboration in the blockchain space and sets a precedent for future collaborations in the industry.