RedStone: Introducing HyperStone, the first HIP-3 oracle on Hyperliquid

RedStone, the fastest-growing oracle network in the DeFi landscape, has announced the launch of HyperStone, the first oracle dedicated to the HIP-3 standard of Hyperliquid.

This innovation marks a breakthrough for decentralized finance, offering anyone the opportunity to build and launch perpetual markets on Hyperliquid, supported by fast, reliable, and secure on-chain data.

The introduction of HyperStone ushers in a new era of experimentation and openness within one of the most talked-about and dynamic DeFi ecosystems.

HIP-3: Freedom and Responsibility in Market Creation

With HIP-3, builders can create perpetual markets for any asset, ranging from cryptocurrencies to real-world data. However, this freedom presents a fundamental challenge: the need for precise and reliable data. In HIP-3 markets, the accuracy of prices relies entirely on the oracle, unlike HyperCore markets which are based on validator consensus. Therefore, speed and security in data updates become essential requirements.

HyperStone: Institutional Data for Permissionless Markets

HyperStone was created precisely to meet this need. After more than 60 days of testnet, during which it provided over 103 million updates to two test markets (including ETH, BTC and stocks like TSLA), HyperStone has proven its ability to deliver fast, secure, and reliable data on a large scale. Now, HIP-3 builders can rely on an institutional-grade data infrastructure to create and manage their markets.

“Imagine being able to create a perpetual market on any asset. This is what HIP-3 enables, and now RedStone can power a wide range of these markets,” stated Marcin Kaźmierczak, co-founder of RedStone. “HIP-3 offers builders the freedom to launch markets without gatekeepers, and HyperStone ensures that those markets operate with fast, accurate, and secure data. Together, we are laying the foundation for a permissionless marketplace that is not only dynamic but also secure.”

The Evolution of HYPE and Synergy with Liquid Staking

The arrival of HIP-3, combined with the growth of liquid staking protocols like Kinetiq and stakedhype, transforms HYPE from a mere governance token into a true capital infrastructure for the entire ecosystem. Staking providers can act as hedge funds within the ecosystem, using delegated HYPE to fund HIP-3 markets and offer diversified yield strategies to delegators. This process natively integrates the functionality of restaking into the core of Hyperliquid, making capital productive on multiple fronts: trading, staking, and governance.

RedStone: Pillar of the Hyperliquid Ecosystem

The position of RedStone on Hyperliquid is now well-established. The oracle serves as the official data source for USDH, Hyperliquid’s native stablecoin, and safeguards approximately 99.5% of the value protected by oracles on HyperEVM. Leading protocols such as Morpho, Hyperbeat, Felix, and Hyperlend rely on RedStone’s infrastructure for data security and reliability.

Recently, RedStone strengthened its role by sponsoring the Hackathon HIP-3 of Hyperliquid in Korea, where HyperStone served as the backbone oracle of the event. This further solidified RedStone as the go-to infrastructure partner for the next phase of Hyperliquid’s growth.

Strategic Collaborations and New Markets

With the launch of HyperStone, RedStone extends its modular oracle architecture towards new horizons, enabling the creation of community-driven and data-based markets. In collaboration with Felix Protocol, RedStone is preparing to launch the first HIP-3 markets on mainnet, marking another step forward in DeFi innovation.

“RedStone has played a key role in the Felix ecosystem since the launch of Felix CDP,” emphasized Charlie Ambrose, co-founder of Felix. “Felix’s mission has always been to serve the Hyperliquid trader, and with the upcoming launch of the HIP-3 markets, RedStone will continue to be a fundamental partner. More updates will be coming soon.”

RedStone: bridge between traditional and decentralized finance

RedStone stands out as a blockchain oracle capable of providing reliable price feeds for emerging DeFi assets, including LSTs, BTCfi, and tokenized assets. Its gas-efficient data feeds cover over 110 chains and rollups, ensuring the security of more than $8.5 billion in TVL without any mispricing events or downtime. Over 170 projects rely on RedStone, including prominent names like Compound, Morpho, Venus, Pendle, Euler, and Securitize.

As the official oracle partner for leading real-world asset tokenization platforms (RWA), including BlackRock BUIDL, Apollo ACRED, VanEck VBILL, and Hamilton Lane SCOPE, RedStone serves as the bridge between traditional finance and decentralized infrastructure.

Towards a Future of Permissionless and Secure Markets

The introduction of HyperStone on Hyperliquid marks a pivotal milestone for DeFi, enabling the creation of permissionless markets powered by reliable and secure data. Thanks to RedStone, builders and traders can now explore new frontiers, giving rise to a more open, dynamic, and resilient ecosystem.

The synergy between HIP-3, liquid staking, and next-generation oracle infrastructures promises to redefine the very concept of the decentralized financial market.