Comprehensive Episode Summary
Guest Profile
Marcin - Co-founder and GTM lead at Redstone, crypto veteran since 2017 with background in quantitative economics. Previously worked at Google Cloud before founding Redstone in 2020.
The Oracle Infrastructure Revolution
Redstone's Modular Architecture Redstone built a fundamentally different oracle system designed for scalability from day one. Unlike traditional models that were difficult to scale across networks and assets, Redstone uses a modular architecture with four modules—keeping three off-chain to minimize integration complexity. This design enables rapid deployment across new blockchains and virtual machines.
Multi-Chain Pioneer
First oracle on many non-EVM networks including TON (Telegram), Starknet, and Fuel VM
Strategic expansion philosophy: "Go where people want us, not where we force ourselves"
75% of company are engineers, maintaining 100% reliability with zero mispricing incidents
Why Solana, Why Now
Perfect Timing Convergence Redstone's Solana launch aligned with a critical market moment. Their partnership with Securitize to serve major tokenized funds (BlackRock BUIDL, VanEck, Apollo, etc.) coincided with Solana's emerging RWA momentum through protocols like Camino, Drift, and Jupiter.
Foundation Support Meeting Lily (Solana Foundation director) at Binance Blockchain Week in Dubai catalyzed the expansion, providing technical resources and ecosystem connections for smooth integration.
Real-World Assets Explained
Two Flagship Products
Tokenized Treasury Bills (T-Bills)
Low-risk, yield-bearing government securities
Principle should always appreciate (barring systemic USD issues)
Considered equivalent to cash in accounting (0-3 month bills)
Apollo's Diversified Credit Fund (Tokenized as ACRE)
Private credit outside traditional banking system
Example: Entrepreneur needs $10M for factory railway, banks reject due to complexity
Apollo intermediates: lenders provide capital at 8%, borrowers pay 12%, Apollo manages 4% spread
Involves real risk of default, but diversified across 100-1000 loans
Access Revolution
Traditional minimum: $5-10 million
Tokenized minimum: $50,000 (100x reduction in barrier to entry)
Global accessibility without complex traditional finance onboarding
The Technical Innovation: sACRE
Security vs. Utility Challenge ACRE is a security token, making it non-transferable and unsuitable for DeFi liquidations. Securitize created an elegant solution:
sACRE: Non-security wrapper around ACRE
Enables DeFi integration while maintaining regulatory compliance
Liquidators interact only with sACRE, never touching the underlying security
Vault system allows redemption back to USDC when needed
DeFi Use Cases and Looping Strategies
The Looping Mechanism
Deposit $1M worth of sACRE as collateral
Borrow $500K USDC (50% LTV for safety margin)
Buy more sACRE with borrowed USDC
Repeat process until hitting minimum investment thresholds
Amplify exposure while maintaining liquidation safety
Risk Considerations
Platform risk (Drift/Camino vulnerabilities)
Asset price risk (private credit can decline unlike T-Bills)
Liquidation risk if looped too aggressively
Need for proper risk management and position sizing
Institutional Adoption Pathway
Baby Steps Philosophy Unlike crypto's "10x or bust" mentality, institutions take measured approaches:
Current: Basic tokenization and custody
Next: Simple lending and structured products
Future: On-chain hedge funds and complex derivatives
Benefits Driving Adoption
Broader Access: Geographic and capital barriers removed
Secondary Liquidity: Instant swaps vs. 90-day redemption periods
DeFi Composability: Integration with lending, looping, structured products
Transparency: On-chain visibility vs. opaque traditional systems
Market Lessons and Risk Management
Learning from Terra/Anchor
Size caps prevent systemic overheating
Transparency requirements for risk assessment
Multiple audits and conservative approaches
Recognition that 20% yields were unsustainable
Current Systemic Risks
Staking derivatives pose the largest potential systemic risk
Liquid staking tokens widely used as collateral across DeFi
Any major exploit could cascade across ecosystem
Future Roadmap
Immediate Developments
Additional Solana-native stablecoin feeds
More yield-bearing asset integrations
Jupiter's "Drip/Plant" lending protocol (partnership with Ethereum's Fluid)
Long-term Vision
Yield-bearing stablecoins as mass adoption driver
4-6% yields as the "sweet spot" for user interest
Cross-chain collaborations and composability
Gradual expansion of on-chain institutional products
Builder Ecosystem
Testing available at app.redstone.finance (Push → Solana)
Open communication channels via Telegram/Discord
Custom data feed development for specific use cases
The Bigger Picture
Adoption Paradigm Shift Traditional crypto adoption focused on retail users buying NFTs and meme coins. RWA adoption brings institutional capital seeking familiar products with blockchain benefits—better access, liquidity, and composability.
Global Financial Rails Redstone's vision extends beyond individual assets to creating seamless global financial infrastructure. Current traditional systems are siloed by country/region, requiring inefficient bridges. Blockchain technology enables truly global, instantaneous settlement.
Competitive Collaboration The Jupiter-Fluid partnership exemplifies healthy ecosystem growth—established players collaborating rather than zero-sum competing, recognizing the early-stage nature of the overall market.
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