Pyth Network Launches Energy Market Price Feeds
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.