RedStone Oracles power HyperLend lending protocol on Hyperliquid EVM

Hyperlend has integrated the modular oracle protocol from Redstone to guarantee secure and reliable price food for its loan operations.

Redstone of modular oracle protocol (RED) POWERS Hyperlend, the first loan platform built on the hyperliquid (THRESHING) Ethereum virtual machine. This integration Allows Hyperlend to safely use its loan platform with reliable and precise Redstone price data.

Hyperlend is a loan protocol based on Ghost (GHOST), suitable for the hyperliquid ecosystem. It provides proven and secure infrastructure with features adapted to merchants and market manufacturers – leverage in real time, dynamic interest rate and deep liquidity. The principal spear March 24 on Hyperliquid EVM. The project said it would use Redstone’s Oracle flows from the first day.

Hyperlend integration is the last in a series of redstone integration with DEFI loan protocols, notably Venus Protocol, Morpho, Fraxlend, Lombard, Zeroland, Deltaprime and, more recently, Spark Protocol, which announced its integration on February 11.

Meanwhile, Redstone Token Red has earned 12% in the last 24 hours, currently negotiating at $ 0.36. However, it remains in a clear decrease trend from a peak at $ 0.82 on March 16 after the deployment of the Drilling program. After Consolidate about $ 0.50 In March at the mid-Fin, this level of support was broken on April 1, when red closed below $ 0.50. A new level of support has since been established about $ 0.30, where the price currently oscillates.