🧵 1. Asset tokenization revolutionizes decentralized finance (DeFi) as real-world assets like real estate and gold become tradeable on the blockchain. #crypto
🧵 1. Asset tokenization revolutionizes decentralized finance (DeFi) as real-world assets like real estate and gold become tradeable on the blockchain. #crypto
🧵 2. The total value locked (TVL) in DeFi protocols under the real-world asset (RWA) category surged to over $800 million in August 2023.
🧵 3. The US dollar is the most tokenized asset in crypto, followed by gold. Blockchain oracles like RedStone provide real-time data feeds for DeFi platforms.
🧵 4. RedStone's modular oracle ensures reliable data feeds for lending protocols and trading platforms in DeFi, supporting multiple blockchain networks.
🧵 5. RedStone proposes a modular data approach, minimizing costs and improving scalability for on-chain storage of DeFi data.
🧵 Read more at: https://cointelegraph.com/news/rwas-come-to-defi-how-dex-derivatives-can-benefit-from-asset-tokenization