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!
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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 🏦
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“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.
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[…] “With over 75 data providers, we think Pyth will bring a lot of possibilities to the DEVs of our growing ecosystem - and we can't wait to see the future creations that will come out of this integration.”
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How does Pyth's cross-chain magic work?
Pyth’s data providers first publish prices to the Pyth on-chain program for aggregation
The aggregate outputs are then relayed to Aurora via @wormholecrypto, the cross-chain message-passing protocol
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Signed price update messages can then be submitted by anyone to the Pyth contract deployed on Aurora
The contract verifies the Wormhole message and updates the on-chain Pyth price to the new price
This new updated price is accessible to all applications on that chain!
The Pyth network is excited about this milestone, as it is our fifth expansion onto a new chain!
Initially deployed on @solana, Pyth has secured more than $2.0B in total value, supported over $30B+ in total trading volume, and exceeded 600K client downloads!
Aurigami is a decentralized, non-custodial liquidity protocol enabling users to lend, borrow, and earn interest on their digital assets
Launched in March 2022, it has established itself as a leading application on Aurora, and we look forward to further boosting their growth
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“Having Pyth as one of our oracles is another critical step to ensure Aurigami has a robust and up-to-date price feed mechanism. This is ever more so important in today’s environment of high market volatility and low on-chain liquidity,” Lucas Huang, co-founder of Aurigami
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[…] “Despite such a challenging environment, Aurigami’s total lifetime bad debt of $0 is a testament to our prudent risk management and efficient liquidation. We look forward to joining forces with leading players like Pyth to build a thriving DeFi ecosystem on Aurora.”
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The global DeFi community will see many more Pyth price feeds for Aurora and Near ecosystem tokens!
If you have requests for specific feeds, let us know in our Discord:
We’re excited to welcome @ChilizX, the world’s first tokenized sports exchange created for the @Chiliz ecosystem and @socios, to Pyth 🔮
ChilizX will contribute its exchange market data for Fan Tokens directly to the network
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Chiliz developed the Socios.com sports fan engagement platform, which is built on the Chiliz blockchain infrastructure and uses $CHZ as its exclusive on-platform currency
It then created ChilizX, which provides a professional trading platform for Fan Tokens
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@socios allows fans to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC.
2/ Pythnet is a network built on the Solana codebase, with the ability to deliver top-tier price feeds xChain through Wormhole’s generic messaging layer.
Why Solana? Because of its fast finality and 400MS slot time. Solana lets price feeds update faster than any other layer 1
3/ "Pyth cut its teeth on Solana bringing high-fidelity pricing data into Solana DeFi, and today is the most widely used Oracle on the network." Said Anatoly Yakovenko, Co-Founder of Solana.
2/ The whitepaper introduces a novel oracle design, and for the first time, describes the vision for a self-sustaining and decentralized Pyth network.
3/ Pyth introduces a new business model that incorporates a staking-based incentives system where publishers, consumers, and other network participants can benefit.
The Pyth network protocol has officially made its way to @solana mainnet less than a week ago but we do already have some wonderful integrations to showcase. Time for (weekly recurring) a thread 🧵
We'll present you 5 protocols (in alphabetical order) that chose to leverage Pyth and its HiFi data from worldwide renowned first-party data providers!
More details are available across our socials and content so be sure to check those out!