Pyth

Join the livestream as Mike explains the mission of Pyth Network, bringing financial data on-chain. Learn about the network's progress since April 2021.

DePerp, a trading platform, has launched its new Beta Program on Base Mainnet. Traders are now able to participate in the program.

The PYTH governance token is now available cross-chain thanks to @wormholecrypto. This was made possible through the Pyth Network Retrospective Airdrop which spanned 27 chains. More details can be found in the documentation.

DropCopy is a prediction game where players try to predict the price of an asset. The game aims to generate prediction data for trading purposes and all prices displayed on DropCopy are powered by Pyth. The final asset price is determined by averaging the last two minutes of its Pyth prices. DropCopy is live on the Solana mainnet.

The Pyth Network has announced the release of its BOBA/USD price feed. $BOBA, which governs the Boba DAO and can be staked for rewards on the Boba Network, is now available for developers on over 40 blockchains, including the Boba Network.

Sumer Money, a cross-chain synthetic assets protocol, has integrated with Pyth to update price feeds on-chain. Sumer Money allows users to deposit assets and mint synthetic assets across supported blockchains. The protocol has accumulated over $650k in value locked since its launch on Meter. Users can learn more about Sumer Money on their website and join their Discord for any questions.

Cega is an innovative DeFi structured investments protocol that offers Dual Currency products on Ethereum & Arbitrum. With over $300M in trading volume, Cega provides yields on USDC, ETH, and stETH. Their Dual Currency strategy allows users to maximize yield on their assets. Cega uses Pyth's low-latency price data to determine settlement prices for their vaults, providing accurate and historical prices for over 350 assets.

Aftermath, a full-suite DeFi platform built on the Sui Network, has launched its perpetuals on the Sui testnet. Aftermath has already accumulated $10M in value locked and offers Constant Function Market Maker pools and liquid staking derivatives. With the help of Pyth, Aftermath can use and update prices for over 350 assets to determine the funding rate for its perpetuals.

This article discusses the different oracle delivery models, specifically Pull and Push Oracles, for DeFi protocols. Push Oracles update prices at specific intervals, leading to price discrepancies across different blockchains. On the other hand, Pull Oracles only update prices on-chain when someone invokes the contract, providing a gas-efficient and uniform price experience. The Pyth Network employs a Pull Oracle architecture, offering competitive pricing and protecting users from cross-chain arbitrage opportunities.

The Pyth Network has partnered with Osmosis, an Automated Market-Making (AMM) protocol, to enhance its data offerings for the Cosmos DeFi ecosystem. Osmosis will contribute its real-time market data for Cosmos-native tokens to Pyth, strengthening the existing oracle network of Pyth and providing high-fidelity on-chain price data. This collaboration aims to foster a secure and decentralized financial ecosystem for Cosmos users.