Mike Cahill joins us to discuss how oracles have become the linchpin of crypto. Mike is a core contributor to Pyth, a highly optimized oracle network integrated with 50+ chains and over 300 apps. In this episode, we cover crypto's oracle problem, why Pyth launched an SVM appchain, how Pyth ensures highquality publishers, Pyth's Wormhole integration, how to monetize financial data, the RWA opportunity, where Chainlink went wrong and more!

00:00 Introduction
01:07 The Value of Financial Market Data
06:04 Oracles: The Linchpin of Crypto
08:21 Why Pyth Launched an SVM Appchain
13:28 Permissionless Integrations
15:23 DAS London Plug
16:20 Data Publishers: Quality Control and Incentives
20:43 Pyth’s Airdrop and Governance
25:15 Liveness Concerns
28:05 Economics and Trust Minimization
36:23 The RWA Opportunity
46:05 Where Chainlink Went Wrong
51:41 Evaluating Crypto’s Ecosystems


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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.