RedStone BD Director Matt Gurbiel RedStone: OEV technology has paved the way for RWA, capturing liquidation value and dropping systemic risk.

ChainCatcher news, during the TOKEN 2049 held in Singapore, Matt Gurbiel, the BD director of RedStone, delivered a keynote speech on the topic of Oracle Extractable Value (OEV) at the RootData Crypto Capital Market Forum. Gurbiel RedStone introduced that RedStone is one of the fastest-growing oracles, currently serving over 100 clients, supporting more than 60 chains, and safeguarding assets worth 4 billion dollars. He pointed out that the current clearing process of DeFi is like a “knife fight,” where chaotic Gas fee competition leads to loss of protocol value and network congestion. He proposed that OEV (Oracle Machine Extractable Value) is the missing key process in DeFi, which can transform noise into order. He gave a detailed introduction to RedStone's OEV solution, which executes liquidations in an orderly manner within 300 milliseconds through the off-chain FastLane auction layer and on-chain relayers, returning the value previously captured by MEV bots back to the protocol itself. He revealed that during a 30-day proof of concept in the Venus protocol, the solution successfully captured $165,000 in liquidation value and achieved zero downtime. Finally, he emphasized that OEV is crucial for introducing Real World Assets (RWA) and institutional capital, as it adds an additional layer of security by providing fast and predictable settlement, reducing systemic risk, and aligning with the risk-averse nature of large institutions.