Pyth Network Introduces Oracle Integrity Staking (OIS)
Pyth Network Introduces Oracle Integrity Staking (OIS)
🔮 Oracle upgrade or crystal ball?
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.
Securing DeFi w/ enhanced data source accountability @PythNetwork recently announced their latest Oracle Integrity Staking (OIS) upgrade, enabling anyone to help protect the entire DeFi ecosystem 🛡️ Here’s how it benefits the Synthetix ecosystem 🧵
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.
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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