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Blockchain Oracles: What is Pyth Network?

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Pyth Network

Pyth Network delivers 300+ realtime price feeds to over 30 blockchains. Smart contracts need lowlatency, highfidelity data in to serve millions of users.

Only Pyth harnesses price data from leading financial institutions such as CBOE, Jane Street, Two Sigma, Binance, and OKX and publishes their unique data to the blockchain for use by decentralized finance applications like Synthetix, Aave, and Venus.

Pyth Network is the largest firstparty oracle and the only one to provide confidence bands (price dispersion data) to keep protocols safe. By sourcing and aggregating data from firstparty market participants, Pyth's price feeds track the market with 510x less tracking error than competing solutions.

Pyth also introduces an innovative pull oracle model so that protocols can retrieve oracle data ondemand and pay for the price updates they use. No more wasted gas fees!

Join the discussion and become part of the world's largest firstparty oracle network. Discover more about Pyth:

Website | https://pyth.network
Twitter |   / pythnetwork  
Discord |   / discord  
Telegram | https://t.me/Pyth_Network
LinkedIn |   / pythnetwork  
Docs | https://docs.pyth.network

#defi #smartcontracts #oracles #blockchain #decentralizedfinance #pythnetwork

posted by aclatatsgz