Pyth

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.

UniDex Finance, a leading perpetual and spot aggregator within the EVM world, has launched new crypto indices powered by Pyth data. The indices allow users to gain exposure to specific DeFi segments like L2s, Perp Protocol, or even non-EVM chains. UniDex offers the advantages of executing trades against the best rate across multiple leverage protocols, supporting any trading pair on the platform, and trading against a single pool for deeper liquidity. The platform is available on eight different blockchains. UniDex is also leveraging the Pyth Price Feeds within their UI through TradingView.

On October 24, Astar Network announced the launch of its zkEVM, made possible with the support of Gelato Network's Rollup-as-a-Service. The project is powered by Pyth.

The Pyth Network low-latency pull oracle is now available on the Ronin Network, further strengthening the relationship with Sky Mavis. Sky Mavis has deployed its own price scheduler on-chain, allowing Ronin-based dApps like MetaLend_DeFi and the Ronin Name Service to use the Pyth Price Feeds. Ronin is an EVM blockchain designed for gaming and has processed over $4B in NFT volumes. Pyth Network has also launched its RON/USD price feed on more than 35 blockchains, including Ronin Network.

Pyth Network has integrated its suite of permissionless price feeds on Astar zkEVM testnet. Developers on Astar can now access over 350 low-latency price feeds across various asset categories. The integration aims to unlock new use cases in the Astar ecosystem.