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EXPOSED: The Wild Ride of RedStone’s Bitcoin Staking Oracles – A Recipe for Disaster in a World Gone Mad

A chaotic, distorted cityscape with skyscrapers and neon lights reflecting the madness of market fluctuations. Bitcoin staking oracles are depicted as giant gears turning out of control, spewing forth liquid-staking tokens like confetti. A lone figure in a suit is seen running away from the chaos, while another holds a sign that reads 'LBTC' amidst flames.

Redstone’s Staking Oracle Launch: Because Who Needs Real-World Value When You Can Have FUD-Fueled Hype?.

Source: cointelegraph

RedStone Oracles, a significant provider of oracle data to smart contracts, has launched staking oracles designed explicitly for Bitcoin staking. With the new implementation, users can stake their Bitcoin (BTC) in exchange for Bitcoin-based liquid-staking tokens (LSTs) like Lombard Staked BTC (LBTC) on the Ethereum blockchain. Marcin Kaźmierczak, RedStone’s co-founder and chief operating officer, told Cointelegraph on Oct. 8 that this marks the first time BTC LSTs can be utilized […]

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