RedStone

RedStone provides reliable and real-time oracle data, a non-negotiable component for NusaPay's automated conversion process. While most oracle solutions push data onto the blockchain at set intervals, RedStone operates on a unique "pull-based" model, where our smart contracts can fetch the latest price data on-demand. This ensures that when our system performs a swap of USDC to our local currency representation (IDRX) on a DEX, we are using the most current and accurate exchange rate. This guarantees the integrity of our transactions and protects against price manipulation, which is essential for a financial service where every cent matters.