Pyth

There's a gator in all of us, waiting to make a splash

Building random number generation on blockchains is complicated due to their deterministic nature. Different approaches include Trusted Third Party, Blockhash, VRF (Verifiable Random Function), and Commit-Reveal. Each approach has its benefits and drawbacks in terms of trust, security, and cost. For secure random number generation, the PythEntropy system can be explored.

Pyth has developed hyper-liquid “cloned” assets that are powered by the platform.

The Kamino Vaults have achieved a significant milestone by reaching $3B in all-time volume. This indicates the growing popularity and trust in the platform.

Pyth has made 400 price feeds across various digital assets, equities, ETFs, FX, and commodities available to DeFi builders in 50 ecosystems.

Goledo Finance, the leading cross-chain lending and borrowing protocol on Conflux Network, has integrated with Pyth. Goledo allows users to earn yield by depositing digital assets and offers over-collateralized loans. With Pyth Data, Goledo has access to over 400 price feeds on Conflux.

Congratulations to the C3 team on their launch on mainnet. They are now a #PoweredByPyth partner.

Swaap Finance is integrating with Pyth to provide investors with better market-making strategies and proactive market-making for pools across various asset classes. Swaap V2 has achieved over $20M in trading volume for more than 2,000 LPs. Swaap RFQ is #PoweredByPyth to ensure LPs stay ahead of the curve and are not arbitraged due to AMMs pool inefficiency.

Sudo Finance is revolutionizing the DeFi landscape by bringing decentralized synthetic asset trading to users on SuiNetwork. They offer synthetic trading, token swap, leveraged trading, and liquidity rewards. Sudo Finance has integrated Pyth Data to ensure accurate price feeds for assets like AAPL, META, TSLA, and BONK. Additionally, PYTH Tokens will be made available through a direct listing on CUBE Exchange.

In December 2023, Pyth added 20 new dApps powered by Pyth, supported 4 new chains, and added 3 new market data providers. Additionally, there were 10 million cross-chain price updates.