Pyth

The Pyth Network has announced a cross-chain airdrop program for over 75K wallets based on their on-chain activity. The blog post provides information about the airdrop and eligibility criteria. Readers are advised to be cautious of potential scams. The network also expresses its commitment to fostering the oracle ecosystem and promises to announce community opportunities and network developments.

Metavault, a spot and perpetual DEX on Polygon, is building a DeFi Hub and has integrated with Pyth for improved liquidity and price feeds. Metavault enables users to trade spot and leveraged assets on a permissionless and non-custodial platform. The integration with Pyth allows Metavault to fill trades at the oracle price without slippage and supports additional assets and markets.

DeFi apps that require accurate financial data should prioritize leveraging first-party data, such as Pyth Data, to ensure precision and timeliness.

C3 Protocol is a next-gen self-custodial exchange that separates custody from trading. They selected Pyth as their price feed provider due to its accuracy, speed, and transparency. Read the full interview for more details.

DeFi protocol Arkadiko Finance is now #PoweredByPyth to enhance user positions and maintain protocol health. Arkadiko enables users to deposit $STX and access idle liquidity in the form of a loan paid in the stablecoin $USDA. The protocol also allows trustless and permissionless token swaps through AMMs.

Pyth has launched an experimental protocol called Membrane that allows users to access liquidity from their assets without selling them. Membrane vaults allow for bundling accepted assets and reduce exposure to volatility. The protocol leverages Osmosis TWAP and Pyth Network Price Feeds to ensure collateralization and position health.

LayerBank, which recently went live on Scroll_ZKP, is set to expand to MantaNetwork.

Pyth community will be attending #Breakpoint2023 and @SolanaConf in Amsterdam. They are inviting others to join and also mentioning the Pyth keynote and happy hour.

Kinetix is the first perpetual protocol live on KAVA_CHAIN. It aims to be a one-stop-shop for users to interact with DeFi on Kava, offering a derivative protocol, AMM pools, active liquidity management, and community governance. In just under two months, Kinetix has achieved over $10M of value locked in the protocol and $20M in derivatives volume. The roadmap includes plans for a borrow/lending protocol, the Strategy Hub, fiat on-ramp and off-ramp solutions, and options trading. Kinetix is powered by Pyth, ensuring zero-impact trades and no slippage compared to the oracle price.

The Pyth Network has released its RON/USD price feed, which is now available on 40 blockchains. RON is the ecosystem token for the Ronin Network, with its main purpose being to secure and decentralize the network.