Hyperlend has integrated the modular Oracle protocol from Redstone to guarantee safe and reliable price feeds for its credit activities.
Modular Oracle Protocol Redstone (ROD) now feeds Hyperlend, the first credit platform built on hyperliquid (hype) Ethereum virtual machine. This integration Entils Hyperlend will be able to safely operate his loan platform with reliable and accurate price data from Redstone.
Hyperlend is a credit protocol based on Aave (AAVE), adapted for the hyperliquid ecosystem. It offers a proven, safe infrastructure with functions that are tailor-made for traders and market makers-liverage of real-time, dynamic interest rates and deep liquidity. The main launched On March 24 at Hyperliquid EVM. The project said it would use the Oracle Feeds from Redstone since the first day.
The Hyperlend Integration is the newest in a series of integrations by Redstone with Defi -Loin protocols, including Venus Protocol, Morpho, Fraxlend, Lombard, Zerolend, DeltaRrime and most recently, Spark Protocol, which announced its integration on 11 February.
In the meantime, Redstone -Token Red has won 12% for the past 24 hours and currently traded at $ 0.36. However, it remains in a clear downward trend since he peaks $ 0.82 on March 16 on March 16 after the rollout of the drilling program. After about $ 0.50 consolidate In the middle to late March, that level of support was broken on April 1, when edited under $ 0.50. Since then, a new level of support has been set up around $ 0.30, where the price is currently floating.
