HyperLend has integrated RedStone’s modular oracle protocol to ensure secure and reliable price feeds for its lending operations.
Modular oracle protocol RedStone (RED) now powers HyperLend, the first lending platform built on Hyperliquid (HYPE) Ethereum Virtual Machine. This integration enables HyperLend to securely operate its lending platform with reliable and accurate price data from RedStone.
HyperLend is a lending protocol based on Aave (AAVE), adapted for the Hyperliquid ecosystem. It provides proven, secure infrastructure with features tailored for traders and market makers—real-time leverage, dynamic interest rates, and deep liquidity. The mainnet launched on March 24 on Hyperliquid EVM. The project said that it would use RedStone’s oracle feeds since day one.
You might also like: RedStone price awaits the next catalyst as it erases recent gains, trading near key support
The HyperLend integration is the latest in a series of RedStone’s integrations with DeFi lending protocols, including Venus Protocol, Morpho, Fraxlend, Lombard, ZeroLend, DeltaPrime, and most recently, Spark Protocol, which announced its integration on Feb. 11.
Meanwhile, RedStone token RED has gained 12% in the past 24 hours, currently trading at $0.36. However, it remains in a clear downtrend since peaking at $0.82 on March 16 after the rollout of the DRILL program. After consolidating around $0.50 in mid-to-late March, that support level was broken on April 1, when RED closed below $0.50. A new support level has since been established around $0.30, where the price is currently hovering.
Source: crypto.news
You might also like: RedStone price rises after the DRILL program launch
