Pyth Network Launches Energy Market Price Feeds

⛽️ Oil Markets Meet DeFi

By Pyth
Dec 19, 2024, 2:36 PM
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Photo by Pyth

Pyth Network has launched 8 new energy price feeds, enabling DeFi protocols to access real-world oil market data.​ The integration includes:

  • WTI crude futures (1M, 2M, 3M)
  • Brent crude futures (1M, 2M, 3M)
  • WTI and Brent spot price tracking

Storm Trade, KinetixFi, and LineDefiHub are leading the integration efforts.​ The feeds provide institutional-grade price data for both West Texas Intermediate and Brent crude oil markets.​

Key Features:

  • Permissionless access
  • Real-time price updates
  • Spot and futures tracking
  • Built-in weighted average mechanisms

Developer Note: For optimal results, use weighted averages across multiple feeds or utilize spot tracking for simpler implementation.​

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