RedStone BD Director Matt Gurbiel RedStone: OEV technology has paved the way for RWA, enabling the capture of clearing value and reducing systemic risk

ChainCatcher news, during the RootData Crypto Capital Markets Forum held at TOKEN 2049 in Singapore, RedStone BD Director Matt Gurbiel delivered a keynote speech on Oracle Extractable Value (OEV). Gurbiel RedStone introduced that RedStone is one of the fastest-growing oracles, currently serving over 100 clients and supporting more than 60 chains, securing $4 billion in assets.

He pointed out that the current liquidation process in DeFi is like a "knife fight," where chaotic gas fee competition leads to value loss for protocols and network congestion. He proposed that OEV (Oracle Extractable Value) is the missing key process in DeFi that can transform noise into order.

He detailed RedStone's OEV solution, which executes liquidations in an orderly manner within 300 milliseconds through an off-chain FastLane auction layer and an on-chain relay. This solution returns the value previously captured by MEV bots back to the protocol itself. He revealed that during a 30-day proof of concept with the Venus protocol, the solution successfully captured $165,000 in liquidation value with zero downtime.

Finally, he emphasized that OEV is crucial for bringing real-world assets (RWA) and institutional capital into the ecosystem, as it adds an extra layer of security by providing fast and predictable liquidations, thereby reducing systemic risk and aligning with the risk-averse nature of large institutions.