RedStone, a provider of oracle data feeds for blockchain, has acquired Credora, a DeFi credit rating platform backed by notable investors including Coinbase Ventures and S&P. The merger seeks to create on-chain credit ratings for decentralized finance (DeFi), akin to the roles played by S&P and Moody's in traditional finance. Credora's co-founders, Darshan Vaidya and Matt Ficke, will become strategic advisors to aid integration and user adoption. The new entity will operate under the brand Credora by RedStone and aims to enhance decision-making for investors in DeFi by simplifying the complexities of yield strategies. RedStone's co-founder, Marcin Kazmierczak, emphasized that the ratings will turn on-chain data into actionable insights, thereby paving the way for safer and more institutional-grade DeFi solutions. The acquisition responds to the increasing demand for rated DeFi strategies, which reportedly outperform unrated ones by 25%.

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