Pyth Network Introduces Oracle Integrity Staking (OIS)

🔮 Oracle upgrade or crystal ball?

By Synthetix
Oct 10, 2024, 2:05 PM
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Pyth Network has launched Oracle Integrity Staking (OIS), a significant upgrade to enhance DeFi ecosystem security:

  • OIS introduces staking rewards and slashing mechanisms
  • Incentivizes accurate data provision and consistent uptime
  • Covers all 500+ Pyth real-time price feeds

Benefits for Synthetix ecosystem:

  • High-quality, reliable data streams for integrators
  • Improved user experience through rewards and penalties

Key features:

  • Stakers can help protect the DeFi ecosystem
  • Inaccurate data or downtime results in token slashing

Learn more: Pyth Network Blog

Note: Be cautious of unauthorized links or accounts claiming to be Synthetix or Pyth.​

Sources

Pyth just released a major upgrade for their oracles: Oracle Integrity Staking(OIS) 🔮 With staking incentives for high-quality data and reliable feeds, they’re setting a new bar for DeFi infrastructure.

Pyth Network 🔮
Pyth Network 🔮
@PythNetwork

What if you could get rewarded for protecting DeFi? Enter Oracle Integrity Staking (OIS)—an upgrade to Pyth bringing enhanced data source accountability for a more secure DeFi ecosystem. OIS brings on-chain staking rewards and slashing mechanisms to the network. Learn more ⬇️

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