Discover and read the best of Twitter Threads about #Pyth
Most recents (11)
1/ Hey frends! Have you heard the news? @PythNetwork is now officially live on the @injective #mainnet, bringing a whole new level of possibilities for #dApps and the #Injective community!
Let's dive into what this integration means and how it impacts the world of #DeFi🌐
#INJ
Let's dive into what this integration means and how it impacts the world of #DeFi🌐
#INJ
2/
Pyth is an #oracle network that revolutionizes the way real-world data is brought #onchain
Through its innovative low-latency pull oracle design, Pyth publishes continuous real-world #data, inc. prices, for various markets spanning equities, #commodities, forex pairs & #crypto
Pyth is an #oracle network that revolutionizes the way real-world data is brought #onchain
Through its innovative low-latency pull oracle design, Pyth publishes continuous real-world #data, inc. prices, for various markets spanning equities, #commodities, forex pairs & #crypto
3/
With this integration, #Injective #dApps now have seamless access to #Pyth's #onchain #data, empowering #developers and users alike to leverage real-world #asset information within the #blockchain environment. This is a game-changer for Injective's #ecosystem! 🆙
With this integration, #Injective #dApps now have seamless access to #Pyth's #onchain #data, empowering #developers and users alike to leverage real-world #asset information within the #blockchain environment. This is a game-changer for Injective's #ecosystem! 🆙
Pyth and zkSync make a great fusion 🤝
We’re excited to support @ReactorFusionR, the native lending and borrowing market on @zksync Era 🚀
Learn how #Pyth data powers Reactor Fusion 👇
We’re excited to support @ReactorFusionR, the native lending and borrowing market on @zksync Era 🚀
Learn how #Pyth data powers Reactor Fusion 👇
2/
ReactorFusion takes the best approaches from all existing borrow-lending protocol like Compound, Sonne and Mare Finance
This allows ReactorFusion to obtain modified features such as Automated Rewards Distribution, and Per-Second Compound Interest
ReactorFusion takes the best approaches from all existing borrow-lending protocol like Compound, Sonne and Mare Finance
This allows ReactorFusion to obtain modified features such as Automated Rewards Distribution, and Per-Second Compound Interest
3/
ReactorFusion uses collateral and reserve mechanic similar to that of Compound
Through rfTokens, users can identify how much collateral factor (borrow limit) they have on the platform
ReactorFusion uses collateral and reserve mechanic similar to that of Compound
Through rfTokens, users can identify how much collateral factor (borrow limit) they have on the platform
We’re excited to share that Pyth’s low-latency pull oracles are now available on @shimmernet 🔮
Developers on #ShimmerEVM testnet can now access Pyth’s 200+ real-time price feeds for equities, commodities, FX pairs, and cryptocurrencies
Developers on #ShimmerEVM testnet can now access Pyth’s 200+ real-time price feeds for equities, commodities, FX pairs, and cryptocurrencies
2/
The ShimmerEVM testnet is the first L2 network to anchor on Shimmer: Shimmer is the official L1 staging and validation network of the @iota distributed ledger technology (DLT).
Explore their website: shimmer.network
The ShimmerEVM testnet is the first L2 network to anchor on Shimmer: Shimmer is the official L1 staging and validation network of the @iota distributed ledger technology (DLT).
Explore their website: shimmer.network
3/
Mirroring the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains, and it provides the core building blocks for a scalable, modular multi-chain architecture
Mirroring the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains, and it provides the core building blocks for a scalable, modular multi-chain architecture
1/7🧵
@PythNetwork is a new next-generation oracle solution being developed for #Hifi to #DeFi data transfer.
#Pyth #defi #finance #crypto #Pyth #blockchain
@PythNetwork is a new next-generation oracle solution being developed for #Hifi to #DeFi data transfer.
#Pyth #defi #finance #crypto #Pyth #blockchain
1/13 🔊 #DeFi rests on two pillars (two whales): blockchain and oracles
Blockchain ensures the security, immutability, and transparency of transactions, while oracles connect DeFi to real-world data
#finance #crypto #cryptocurrency #Pyth #blockchain #technology
Blockchain ensures the security, immutability, and transparency of transactions, while oracles connect DeFi to real-world data
#finance #crypto #cryptocurrency #Pyth #blockchain #technology
2/13 🧐
Oracles play a critical role in DeFi by providing off-chain data that is reliable and accurate
Without oracles, DeFi would not be able to operate seamlessly and provide users with the necessary data to make informed decisions
Oracles play a critical role in DeFi by providing off-chain data that is reliable and accurate
Without oracles, DeFi would not be able to operate seamlessly and provide users with the necessary data to make informed decisions
3/13 🔍 However, not all oracles are created equal
The reliability and accuracy of the data provided by oracles can vary greatly, which can lead to issues such as price manipulation and incorrect data being used in smart contracts
The reliability and accuracy of the data provided by oracles can vary greatly, which can lead to issues such as price manipulation and incorrect data being used in smart contracts
@PythNetwork
1/5
The #Pyth Publishing Network is a unique approach to building a pricing oracle that provides high accuracy and real-time reliability.
#PythNetwork #PythLove #PythData
1/5
The #Pyth Publishing Network is a unique approach to building a pricing oracle that provides high accuracy and real-time reliability.
#PythNetwork #PythLove #PythData
2/5
One of the key features of this network is that it allows data providers to become owners or creators of their data, which ensures maximum timeliness and accuracy of information
Website - pyth.network
One of the key features of this network is that it allows data providers to become owners or creators of their data, which ensures maximum timeliness and accuracy of information
Website - pyth.network
3/5
The #Pyth price aggregation algorithm is a unique mechanism that allows you to collect data from various sources and combine them into a single price. This algorithm is based on a distributed system that provides fast and efficient real-time data collection.
#PythNetwork
The #Pyth price aggregation algorithm is a unique mechanism that allows you to collect data from various sources and combine them into a single price. This algorithm is based on a distributed system that provides fast and efficient real-time data collection.
#PythNetwork
1/4
Using the @PythNetwork , some of the biggest names in TradFi and #DeFi have created a dedicated oracle network that provides infrastructure for #DeFi using reliable, institutional market data.
#pyth #PythNetwork #DeFi
Using the @PythNetwork , some of the biggest names in TradFi and #DeFi have created a dedicated oracle network that provides infrastructure for #DeFi using reliable, institutional market data.
#pyth #PythNetwork #DeFi
2/4
#Pyth focuses on continuous real-world and cryptocurrency-related market data coming off-chain and streaming data at sub-second intervals. This provides more accurate, reliable and faster data for decentralized financial applications.
#pyth #PythNetwork #Defi
#Pyth focuses on continuous real-world and cryptocurrency-related market data coming off-chain and streaming data at sub-second intervals. This provides more accurate, reliable and faster data for decentralized financial applications.
#pyth #PythNetwork #Defi
3/4
#Pyth is built on the Solana #blockchain, allowing data providers to update prices on each slot once every 400ms - over 200,000 updates daily! This allows the development of large-scale #DeFi applications using reliable data.
#Pyth is built on the Solana #blockchain, allowing data providers to update prices on each slot once every 400ms - over 200,000 updates daily! This allows the development of large-scale #DeFi applications using reliable data.
Are you ready for the future of trading?
Let’s discuss the Synthetix Perps V2, now #PoweredByPyth, on @OptimismFND 🔮
A quick 🧵👇
Let’s discuss the Synthetix Perps V2, now #PoweredByPyth, on @OptimismFND 🔮
A quick 🧵👇
2/
In light of recent events, decentralized smart contracts are more important than ever
However, DeFi apps need to match the performance of the legacy world, if not outpace it
Synthetix Perps on Optimism is a great way to engage in #DeFi while enjoying #CeFi-like benefits
In light of recent events, decentralized smart contracts are more important than ever
However, DeFi apps need to match the performance of the legacy world, if not outpace it
Synthetix Perps on Optimism is a great way to engage in #DeFi while enjoying #CeFi-like benefits
3/
For Synthetix Perps to take over the world, they would need features like:
1️⃣ Unconstrained open interest limits
2️⃣ Broader asset compatibility
3️⃣ Low fees
For Synthetix Perps to take over the world, they would need features like:
1️⃣ Unconstrained open interest limits
2️⃣ Broader asset compatibility
3️⃣ Low fees
It’s time to get AMPed with #Pyth data ⚡️
@amptoken is a universal collateral token that makes payments instant and final
Learn more about how Amp is #PoweredByPyth in the 🧵👇
@amptoken is a universal collateral token that makes payments instant and final
Learn more about how Amp is #PoweredByPyth in the 🧵👇
2/
Current global payment systems often operate in an opaque fashion with many intermediaries, thus bringing:
💸 Higher cost
🐢 Slow resolution time
⚠️ Counter-party risk
Current global payment systems often operate in an opaque fashion with many intermediaries, thus bringing:
💸 Higher cost
🐢 Slow resolution time
⚠️ Counter-party risk
3/
Enter Amp:
When using Amp as collateral, transfers of value are guaranteed against fraud and default while settling instantly
With over 21B Amp staked, the current spending capacity on the Flexa network is over $80M 🤯
Enter Amp:
When using Amp as collateral, transfers of value are guaranteed against fraud and default while settling instantly
With over 21B Amp staked, the current spending capacity on the Flexa network is over $80M 🤯
We are excited to announce that the Pyth price feeds are now available on @auroraisnear 🔮
Thanks to @wormholecrypto and leaders in the Aurora ecosystem like @aurigami_PLY, we are proud to unlock #Pyth data for any Aurora application!
Thanks to @wormholecrypto and leaders in the Aurora ecosystem like @aurigami_PLY, we are proud to unlock #Pyth data for any Aurora application!
2/
Starting today, your Aurora applications can permissionlessly request and consume any Pyth’s 100+ price feeds from the Pyth contract!
The wider DeFi community can look forward to new price feeds for Near ecosystem tokens and exciting asset class expansions, like the DOW30 🏦
Starting today, your Aurora applications can permissionlessly request and consume any Pyth’s 100+ price feeds from the Pyth contract!
The wider DeFi community can look forward to new price feeds for Near ecosystem tokens and exciting asset class expansions, like the DOW30 🏦
3/
“The integration of Pyth to Aurora is an extra step toward our ultimate goal of providing DEVs with the best building experience,” said Anton Paisov, head of integrations at Aurora Labs.
“The integration of Pyth to Aurora is an extra step toward our ultimate goal of providing DEVs with the best building experience,” said Anton Paisov, head of integrations at Aurora Labs.
Ever wonder what #PYTH stands for in @PythNetwork ? I did and it's genius. Turns out that in the 8th century BC the "Pythia" was the name of the high priestess of the Temple of Apollo at Delphi who also served as the oracle (commonly known as the Oracle of Delphii)...
Pythia was widely credited for her prophecies. During this period the Delphic Oracle was the most prestigious and authoritative oracle among the Greeks, and Pythia was without doubt the most powerful woman of the classical world!
When a protocol goes to such lengths to name itself with such clever historical significance, it is definitely worth a deeper look. @PythNetwork is building the oracle of oracles and I highly suggest you read up and join the community. pyth.network
