# Proposal To Add Redstone Oracle for DOLA on Base

**URL:** <https://forum.inverse.finance/t/proposal-to-add-redstone-oracle-for-dola-on-base/390>\
**Category:** Uncategorized\
**Created:** [April 4, 2024, 3:34pm UTC](https://forum.inverse.finance/t/proposal-to-add-redstone-oracle-for-dola-on-base/390 "2024-04-04T15:34:28Z")\
**Posts on this page:** 1\
**Showing post:** 1

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**Author:** ![patb](https://sea1.discourse-cdn.com/inverse/user_avatar/forum.inverse.finance/patb/32/305_2.png) [@patb](https://forum.inverse.finance/u/patb)\
**Post date:** [April 4, 2024, 3:34pm UTC](https://forum.inverse.finance/t/proposal-to-add-redstone-oracle-for-dola-on-base/390/1 "2024-04-04T15:34:28Z")

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**Summary**

Subscribe to Redstone price feed for DOLA to support third party DOLA lending market opportunities on Base.

**Why Inverse Needs a DOLA Price Feed**

- We are in the proposal stage with multiple lending markets where DOLA will be proposed as a borrow-only or collateral asset. While Chainlink remains the “industry standard” for price feeds, volume and other requirements make a Chainlink oracle for DOLA unavailable in the near term. Redstone, a Chainlink rival, is increasingly accepted among popular lending markets as an alternative price feed and a DOLA feed from Redstone can be built and supported for a fee.
- Protocols where DOLA is proposed just as a borrow-only asset (not collateral) to-date have also responded that there is a strict requirement for a Chainlink or Redstone price feed and proposals relying on hard-coding DOLA to $1 will be downvoted.

**About Redstone**

- Website: [https://redstone.finance/](https://redstone.finance/)

- How Redstone works: [🏛 Classic Model | RedStone Documentation](https://docs.redstone.finance/docs/smart-contract-devs/get-started/redstone-classic)

- Data feeds: [https://app.redstone.finance/](https://app.redstone.finance/)

- Sample data feeds on various EVM chains with the RedStone Core model: [https://showroom.redstone.finance/](https://showroom.redstone.finance/)

- Third party (pro-Redstone) analysis:

**Audits**

> **[RedStone](https://redstone.finance/#audits)**
>
> RedStone delivers frequently updated, reliable and
> diverse data for your dApp and smart contracts.

**Terms**

Setup Fee:

- $25k fixed, one-time fee. This covers the setup of a price feed including the development, data sources setup, and infrastructure setup, e.g. relayers.

Infrastructure Maintenance:

- Base fee for maintaining the feed on one network: $1k/month
- Launching the feed on an additional network: additional $1,000/month per network

Gas Fees:

- [🏛 Classic Model | RedStone Documentation](https://docs.redstone.finance/docs/smart-contract-devs/get-started/redstone-classic)
- On Ethereum mainnet: ~$1k-$1.5k/month at standard Gas Costs levels (estimate) but can get pricier if there is a lot of volatility on the market.
- On L2s: ~$150-$300/month per network in Gas Costs.

**Analysis**

- A Redstone DOLA price feed for Base only would require approximately $40,600 in one-time setup and monthly maintenance and gas costs over 12 months, or an average of approximately $3,400 per month. Prelim analysis, with a hypothetical four chains for purposes of analysis, here: [Redstone Math - Google Sheets](https://docs.google.com/spreadsheets/d/1JwWz2aWaI6sDsMvHMuTk8qBVwOeQpqpVSAuaB0Pio5I/edit?usp=sharing)

- The benefits of a Redstone price feed for Inverse on Base include:

**Proposal**

1. Authorize the Growth Working Group to spend up to $32,800 over six months on a Redstone DOLA oracle.

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_[View the full topic](https://forum.inverse.finance/t/proposal-to-add-redstone-oracle-for-dola-on-base/390)._