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Blockchain Oracles: What is Pyth Network?
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Pyth Network delivers 300+ real-time price feeds to over 30 blockchains. Smart contracts need low-latency, high-fidelity 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 first-party oracle and the only one to provide confidence bands (price dispersion data) to keep protocols safe. By sourcing and aggregating data from first-party market participants, Pyth's price feeds track the market with 5-10x less tracking error than competing solutions.
Pyth also introduces an innovative pull oracle model so that protocols can retrieve oracle data on-demand and pay for the price updates they use. No more wasted gas fees!
Join the discussion and become part of the world's largest first-party oracle network. Discover more about Pyth:
#defi #smartcontracts #oracles #blockchain #decentralizedfinance #pythnetwork
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 first-party oracle and the only one to provide confidence bands (price dispersion data) to keep protocols safe. By sourcing and aggregating data from first-party market participants, Pyth's price feeds track the market with 5-10x less tracking error than competing solutions.
Pyth also introduces an innovative pull oracle model so that protocols can retrieve oracle data on-demand and pay for the price updates they use. No more wasted gas fees!
Join the discussion and become part of the world's largest first-party oracle network. Discover more about Pyth:
#defi #smartcontracts #oracles #blockchain #decentralizedfinance #pythnetwork
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