TechFlow, September 4 — According to CoinDesk, blockchain data oracle provider RedStone announced the acquisition of DeFi credit rating platform Credora, which previously received investments from institutions including Coinbase Ventures, S&P, and Hashkey. Following the acquisition, Credora will continue operating under the brand "Credora by RedStone," focusing on providing rating services for DeFi assets and yield strategies.
RedStone co-founder Marcin Kazmierczak said that as DeFi yield strategies become increasingly complex, users need a simple way to assess risk, and transparent ratings can transform data into actionable insights. Data shows that rated DeFi strategies grow 25% faster than unrated ones.
Credora co-founders Darshan Vaidya and Matt Ficke will join RedStone as strategic advisors to assist with integration and promotion.
