RedStone is launching HyperStone this time, and the timing is pretty intriguing—right as Hyperliquid’s HIP-3 framework is about to open up permissionless market creation. First, some background: Hyperliquid’s HIP-3 framework allows anyone to launch perpetual contract markets. Sounds super exciting, right? No applications, no approvals—it’s got that libertarian vibe. —But here’s the issue: without a reliable price feed mechanism, it’s incredibly fragile. HIP-3 markets rely entirely on external oracle pricing, and one wrong price could trigger a chain of liquidations. Worst case? Another 1011 scenario. RedStone clearly spotted this critical need. HyperStone has been running on the testnet for over two months, delivering more than 100 million data updates, and now it’s ready to go live on the mainnet. The more crucial stat: RedStone currently secures 99.5% of oracle-protected value on HyperEVM and serves as the official price source for the USDH stablecoin. Top protocols like Hyperbeat, Felix Protocol, and HyperLendX are already using its data. The trade-off between DeFi’s freedom to innovate and financial-grade data reliability has always been a tough one. RedStone’s bet this time is: with a modular oracle architecture, “permissionless” and “institutional-grade” don’t have to be mutually exclusive anymore. Whether this narrative holds up will depend on how HIP-3 performs after its launch. Let’s wait and see!