RedStone Oracles power HyperLend lending protocol on Hyperliquid EVM

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

HyperLend has integrated RedStone’s modular oracle protocol to ensure secure and reliable price feeds for its lending operations.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Modular oracle protocol RedStone 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.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

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.