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Crypto Oracle Integration: RedStone Acquires DeFi Credit Specialist Credora

RedStone, known for its oracle data feeds, has announced its acquisition of Credora, an on-chain credit rating platform.

The financial details of this acquisition have not been disclosed.

Credora will now operate under the brand RedStone, enhancing the risk rating framework for decentralized finance (DeFi) strategies.

According to RedStone, rated DeFi strategies, such as Morpho Vaults, are seeing growth rates exceeding unrated strategies by 25%.

This acquisition aims to introduce the same credibility to decentralized markets that S&P and Moody's provide to traditional markets.

Marcin Kazmierczak, RedStone's co-founder, emphasized that ratings will offer clarity as DeFi yield strategies become increasingly intricate.

He asserted that these ratings transform on-chain data into actionable intelligence, making DeFi safer and more appealing for institutional investors.

Credora’s co-founders will join RedStone as strategic advisors, aiding in the integration process.

Kazmierczak also noted the importance of navigating risks in the tokenization of real-world assets, which includes private credit and stocks.

The introduction of these ratings will support institutions, including banks, as they explore opportunities within the crypto space.