Blockchain oracle provider RedStone has announced the acquisition of decentralized credit specialist Credora to develop a platform that combines real-time pricing data with risk assessments for decentralized finance (DeFi) markets. The new service will operate under the Credora by RedStone brand, aiming to enhance institutional adoption of DeFi. Credora, which originated as X-Margin in 2019, utilizes privacy-preserving technologies to deliver standardized credit ratings without revealing sensitive data. The company boasts backing from Coinbase Ventures and S&P Global and has facilitated over $1 billion in uncollateralized loans. RedStone, which currently secures over $10 billion in value locked across 110 blockchains, plans to leverage Credora's independent ratings to provide actionable intelligence for lending and yield strategies. This integration underscores a growing demand for risk-aware tools in the realm of DeFi yield strategies, with rated strategies showing increased growth compared to unrated ones. Public access to Credora ratings is anticipated as part of the relaunch within RedStone's network.

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